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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.
Optasia has become Africa’s first publicly listed fintech, debuting on the Johannesburg Stock Exchange in 2025 and marking a new phase for homegrown digital finance.
A new fintech passport between Ghana and Rwanda lets startups expand across both markets without relicensing — a real test of Africa’s push for borderless finance.
BUA Cement’s after-tax profit surged by 640.8% year-on-year in Q3 2025 — the highest growth among the top three cement makers. Dangote Cement followed with 149.8%, while Lafarge Africa posted 144.1%.
This comes at a time when President Bola Tinubu has introduced sweeping reforms since assuming office in May 2023 to boost investor confidence in Nigeria and achieve his $1trn GDP target by 2030.
According to the latest ‘Where to Invest in Africa’ report by Rand Merchant Bank (RMB), the country climbed eight places — from 16th to eighth position — among 31 African economies assessed.
From Nigeria’s Access Holdings and FirstHoldCo to Togo’s Ecobank, Kenya’s Equity Group and KCB, and Tanzania’s CRDB Bank, regional lenders are deepening their footprint in the vast Central African nation — long viewed as too risky for large-scale banking operations.
The conglomerate completed the acquisition of a 100% equity stake in C.H.I. Limited on October 3, 2025, making the beverage and dairy firm a wholly owned subsidiary.
The directive comes at a time when investor sentiment in Ghana’s equities market is slowly improving after years of economic uncertainty.
Data from Kenya’s Capital Markets Authority (CMA) shows that foreign participation in total equity turnover fell to 28.01% in September 2025, down from 31.28% in August. The last time foreign participation was this low was in August 2010, when it stood at 21.8%.
Nigeria’s subnationals are learning to earn, not just receive. They’re digitising taxes, reforming budgets, and using infrastructure policy to build fiscal resilience beyond Federal allocations.
A practical guide for fintech founders, product leads, and payments operators navigating payment switches in Nigeria
Zimbabwe’s exclusion stems from years of economic shocks, hyperinflation, and currency instability that have eroded the balance sheets of local banks and diminished investor confidence.