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The figure reflects the combined value of 10 FX auctions held by the National Bank of Ethiopia (NBE) between February and the second week of December 2025, aimed at deepening liquidity and strengthening the Birr
Standard Bank has agreed to provide a $138m facility to Safaricom Ethiopia, backing network expansion as the operator scales in Africa’s second-most populous market.
Many low-income countries had been struggling with mounting debt distress before COVID-19, but the pandemic worsened the problem. In the shadow of soaring Eurobond maturities and post-COVID economic scars, Africa’s low-income countries (LICs) have been facing a debt crisis.
Egypt’s inflation cooled more than expected in November, easing pressure on the central bank and strengthening the case for resuming rate cuts at its 25 December meeting.
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In Nigeria’s fast-evolving financial ecosystem, one persistent challenge continues to…
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In Nigeria’s fast-evolving financial ecosystem, one persistent challenge continues to…
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Telcos, fintechs and open-finance platforms are exposing APIs that let African developers move money, verify identity and offer credit with just a few lines of code.
Kenya cuts its benchmark rate to 9% in a ninth straight easing move, bringing borrowing costs to their lowest since early 2023 as credit conditions and FX reserves strengthen.
An analysis by Finance in Africa revealed that US-bound exports grew from $674 million in January to $982 million in October, reflecting a 37% increase.
For decades, cross-border trade in Africa has depended on the U.S. dollar, an expensive middleman that small businesses can barely afford. Every time goods moved across a border, traders lost time and money converting local currencies through foreign banks.
