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South Africa was the only country to remain in contraction, with a PMI of 49, underscoring the economy’s continued divergence from an otherwise strengthening regional trend.
When Nigeria ratified the African Continental Free Trade Area (AfCFTA) in 2020, it was sold as a once-in-a-generation opportunity, a chance to plug Africa’s largest economy into a single market of 1.3 billion people…
The CBN’s new APP fraud draft rules shift liability across Nigeria’s payment system, introducing mandatory refunds, stricter timelines and Board-level oversight.
Nigeria’s fraud problem is deeper and more systemic than most admit. This analysis explores the loopholes, collusion networks and infrastructure gaps enabling financial crime.
The latest GDP figures arrive as Nigeria faces growing US pressure to tackle its security crisis, which continues to disrupt key sectors, including agriculture.
The group’s half-year financials shows that while Access Nigeria’s profits plunged, its African peers—from Ghana to Rwanda and Mozambique—posted robust growth, helping rebalance the group’s earnings base.
The proposed levy may reshape Senegal’s fast-growing payments ecosystem, with experts warning of lower digital usage, weaker agent activity and a potential return to cash.
The BoG’s latest decision aligns strongly with market expectations and reflects the bank’s confidence that price growth will remain contained in the near term.
Despite recording six transactions, the island nation attracted the highest deal value on the continent (excluding South Africa), with private equity inflows surging by 311.3% to $1.25bn in the first nine months of this year—the highest in three years—from $38.9m.
Ten months ago, Ethiopia’s first stock exchange opened to applause. Today, the applause has softened into calculation. Only three listings stand where nine were promised for 2025, raising a bigger question than timing: why isn’t the pipeline filling?
Investec says uneven Basel III rules raise capital costs for African banks. Strong ratios show its concern is not its balance sheet but how global reforms could limit credit and growth.
As Nigeria approaches 2026, a pre-election year, the banking sector is bracing for a complex mix of pressures and prospects that could reshape performance after two years of reform-driven windfalls.
Nigeria’s push for a $1tn economy hinges on expanding fair, transparent digital financing—mobilising its youthful population into productive, credit-enabled growth.
The development comes a few weeks after the mid-sized bank slipped out of the ₦1trn market-capitalisation club.
DealMakers Africa noted that Africa’s most industrialised economy recorded 273 deals worth R1.62trn ($89.5bn) between January and September — a 239.6% surge from the same period in 2024.
The new representative office in Cairo underscores Standard Bank’s long-term view of Egypt as a key node for intra-African commerce and Gulf–Africa connectivity.
The decline marks a rare relief in South Africa’s prolonged unemployment crisis, which has persisted above 30% since the COVID-19 pandemic in 2020.
Business activity across major African economies showed mixed performance in October, with Nigeria recording the strongest expansion while South Africa and Egypt slipped deeper into contraction, according to S&P Global Purchasing Managers’ Index (PMI) data.
African stock markets regained momentum in the third quarter of 2025, with Nigeria, Kenya, and Morocco among the strongest performers.
Kenya’s private sector activity rose to a six-month high in October 2025, driven by new product launches and increased use of discounts and promotional pricing as firms sought to stimulate demand in a gradually recovering economy.