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Nigeria is set to implement a new green tax surcharge on motor vehicles with larger engines starting July 1, 2026.
The borrowing plans come even as Angola— Africa’s second-largest oil producer— stands to benefit from a surge in crude prices linked to the Middle East crisis
The crossover was driven by Zimbabwe’s largest-ever listing, as telecoms tycoon Strive Masiyiwa moved infrastructure spin-off Econet InfraCo to the dollar exchange at a $1 billion valuation.
The transaction comes as credit rating agencies maintain a stable outlook on Rwanda, with Fitch and Moody’s both signalling improving fiscal metrics and continued reform momentum.
The move comes as Africa’s fourth-largest economy attempts to preserve a fragile disinflation trend which saw headline inflation drop to 15.06% in February from a peak of about 33% in December 2024.
Beyond the immediate fiscal impact, authorities are increasingly concerned about fuel availability as supply disruptions persist along key global shipping routes.
Germany has announced a €200 million concessional climate loan to South Africa to modernize its power grid and boost renewable energy efforts. This funding, part of a new action plan, aims to address South Africa’s energy challenges and enhance cooperation on green technologies.
The IMF has advised Kenya to classify future tax revenues pledged for infrastructure projects as public debt, potentially complicating President Ruto’s funding strategy.
Aliko Dangote is set to list shares of his $20 billion Dangote Petroleum Refinery on multiple African stock exchanges, marking a pivotal move for regional capital market integration.
Fitch Ratings projects Nigeria’s gross foreign exchange reserves to decline slightly to $47 billion by the end of 2026, influenced by increased government spending and external risks.
The bond was issued in two tranches, with coupons set at 8.75% and 9.5%, reflecting lower-than-expected yields as strong demand enabled the sovereign to lower borrowing costs.
The Cairo-based lender said on Thursday that it successfully issued Samurai and Panda bonds across Japan and China during the year, underscoring its continued access to global capital.
The $10bn Gulf Crisis Response Programme (GCRP) seeks to cushion these effects by supporting the import of essential goods, including fuel, liquefied natural gas, fertiliser, pharmaceuticals and food, while easing foreign exchange constraints
The World Bank has revised its economic growth forecast for Sub-Saharan Africa to 4.1% for 2026, reflecting a slowdown due to external shocks, notably the US-Iran conflict disrupting energy markets.
Kenya’s central bank has maintained its benchmark lending rate at 8.75%, halting its easing cycle in response to potential inflation risks linked to the Iran conflict.
While the rebound is encouraging, the combination of falling new orders, plunging exports, and record-low business optimism highlights the economy’s exposure to geopolitical events.
For the first time since the survey began, firms turned pessimistic about the year ahead, with expectations for future activity slipping into negative territory, marking the most striking shift recorded in March.
The Central Bank of Nigeria confirmed that banks successfully completed a significant recapitalisation drive by the March 31, 2026 deadline, raising $3.4 billion.
Ghana’s inflation rate fell to 3.2 percent in March 2026, marking a significant 15-month decline from a crisis peak of 54.1 percent in December 2022. This improvement is attributed to a stronger cedi, eased food prices, and the Bank of Ghana’s tight monetary policy.
Guaranty Trust Holding Company Plc (GTCO) reported a pre-tax profit of $890 million for the year ending December 31, 2025, despite a decline in profit after tax due to non-recurrence of prior year gains and higher taxes.
