Top Stories
East Africa is set to anchor the continent’s economic expansion in 2026, outpacing every other region as investment flows and a fast-growing services sector accelerate momentum across the bloc.
Net income across microfinance institutions (MFIs) rose to $31 million (ETB 3.7 billion), a 22.6% increase from $25.1 million (ETB 3 billion) a year earlier, according to central data reviewed by Finance In Africa.
While business conditions deteriorated sharply in some of the continent’s largest economies in March, others managed to sustain momentum despite mounting external pressures.
In January 2026, Fitch Ratings downgraded the African Export-Import Bank to BB+ (Junk status). Not long after, it withdrew its ratings. Ordinarily, this episode might have looked like a routine credit event. Rating agencies reassess risk all the time.
Brand Press:
Y Combinator-backed fintech Bujeti has launched a tax management product…
Planning to make contactless payments? Cardtonic Introduces Platinum Card to…
Target Yield offers Nigerians a disciplined goal-driven investment structure with…
In Nigeria’s fast-evolving financial ecosystem, one persistent challenge continues to…
You can post on Finance in Africa too!
Post hereY Combinator-backed fintech Bujeti has launched a tax management product…
Planning to make contactless payments? Cardtonic Introduces Platinum Card to…
Target Yield offers Nigerians a disciplined goal-driven investment structure with…
In Nigeria’s fast-evolving financial ecosystem, one persistent challenge continues to…
You can post on Techpoint Africa too!
Post hereOther highlights
According to data from the Finance Ministry, the East African nation posted a surplus of $147.26 million in January 2026, reversing a $206.43 million deficit in December 2025 and a $215.28 million shortfall a year earlier.
Despite the scale of tariff increases, the US retained its position as South Africa’s third-largest trading partner after China and Germany in 2025, reinforcing its influence in Pretoria’s trade architecture.
South Africa’s Revenue Service (SARS) achieved a historic milestone by collecting $119.73 billion (R2.01 trillion) in net revenue for the fiscal year ending March 31, 2026, marking an 8.4% increase from the previous year.
Nigeria’s National Assembly has approved a $49.38 billion budget for 2026, a 17% increase from President Tinubu’s original proposal, aimed at addressing capital projects and fiscal stability.
More Stories
