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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.
Kenya’s annual consumer price inflation rose to 4.4% in March 2026, up from 4.3% in February, driven primarily by food inflation and rising costs in transport and housing.
FirstRand Group has announced a major restructuring of its First National Bank (FNB) division to enhance client services amid rising product commoditisation.
Afreximbank has successfully closed its largest-ever syndicated borrowing, raising $2 billion through a dual-tranche loan facility. Despite recent rating challenges from Fitch, the deal attracted significant global interest…
With external pressures rising and key export projects delayed, Mozambique’s debt outlook is increasingly tied to improvements in foreign exchange availability and progress on its LNG developments.
Nigeria saw a remarkable resurgence in investor confidence in 2025, with net capital inflows soaring nearly 90% to $23.22 billion, driven largely by foreign portfolio investments. While high-yielding local bonds attracted significant interest..
While the new policy does not increase the volume of dollar inflows, it is expected to improve how quickly those funds circulate within the financial system — boosting liquidity.
Uganda’s economy experienced its fastest growth in over three years, with real GDP rising 8.5% year-on-year in Q4 2025, driven by strong consumer demand and a construction boom.
Kenya Airways’ full-year financial results for 2025 reveal a significant downturn, with total revenue dropping 14 percent to $1.25 billion, driven by reduced seat capacity and declining passenger and cargo volumes. The airline posted a net loss of $132.7 million…
IM Group PLC reported a 21.9% increase in profit after tax, reaching $119 million for the 2024 fiscal year, driven by net interest income growth. However, the lender faced a 7.8% contraction in its loan portfolio and subdued credit demand amid Kenya’s economic challenges.
Mozambique’s central bank has maintained its benchmark MIMO rate at 9.25%, pausing an easing cycle initiated in late 2023, amid rising domestic and external risks. Factors such as severe flooding, political unrest….
The proposal would remove the current $38,000 (KSh5 million) annual turnover threshold for VAT registration, requiring all businesses, regardless of size, to charge, remit, and account for the tax.
