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Absa maintains that while the country’s recent financial market reforms are encouraging, it will only consider entry once the rules are less restrictive.
Banks in Egypt and Nigeria are likely to see profits drop in 2026 as central banks accelerate interest rate cuts following a sharp slowdown in inflation and increasingly favorable macroeconomic conditions, S&P Global said in its latest Africa banking outlook.
South Africa has joined Afreximbank, completing the lender’s continental membership and strengthening its institutional standing as it faces rating pressure and tighter global funding conditions.
Overall, business momentum eased across most of the reviewed markets in January, with seven of the eight economies registering a softer PMI reading compared with December, except South Africa.
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The projected slowdown comes even as macroeconomic conditions stabilise and investor sentiment improves amid ongoing reforms in West Africa’s largest economies.
First HoldCo’s earnings per share collapsed in 2025 after heavy loan-loss provisions and divestment losses wiped out profits, even as interest income hit record levels.
The tool, developed by the Alliance of African Multilateral Financial Institutions (AAMFI), is intended to help regions lenders coordinate support for countries under strain and reduce the risk of protracted disputes during debt restructurings.
On the news and on paper, the country’s economy is recovering and stabilising, but it appears that people’s bellies and traders’ inventories are yet to see this in reality.
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