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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.
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.
