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Equity Group Holdings Plc reported a significant 52% rise in full-year pre-tax profit to $711 million, driven by a 16.6% increase in net interest income and reduced loan-loss provisions.
Analysts say the inflation figures largely predate the escalation of conflict in the Middle East, which has triggered a sharp surge in global oil prices and dashed hopes of a rate cut as policymakers meet next week.
The inflows place the East African nation second only to Egypt on the continent, according to figures cited by government officials, underscoring growing investor confidence in a market long closed off from the rest of the world.
At the heart of the reform push is a structural imbalance: many of Nigeria’s largest listed firms remain dominated by founding shareholders or core investors, leaving only a small fraction of shares available for trading on the open market
Burundi is gaining investor interest with its agreements to explore the Musongati nickel project, a significant resource in East Africa. While the deal with Lifezone Metals and KoBold Metals promises potential economic benefits amid rising global nickel demand.
Nigeria’s inflation slowed to 15.06% in February, marking an eleventh straight month of easing price pressures, though food inflation rose to 12.12% amid seasonal demand.
Shut out of global markets, Senegal is increasingly turning to the regional WAEMU debt market, raising billions in CFA franc bonds to finance its budget and ease short-term fiscal pressures.
Africa’s telecom giant MTN roared back! Swung to a massive 47.4 billion rand ($2.81B) profit before tax erasing last year’s loss, thanks to powerhouse gains in Nigeria & Ghana
Regional liquidity strains have left the country reliant on debt rollovers rather than fresh borrowing, prompting officials to highlight the need for stronger budget rigidity and sustainable public finances.
Despite the broader easing, food inflation remains elevated. Prices for food and non-alcoholic beverages rose 10.8% year-on-year, slightly higher than the 10.4% recorded in January.
Revenue rose 5% to $7.07 billion (R115.7 billion), while pre-provision profit increased 4% to $3.27 billion (R53.5 billion). Credit impairments declined 6% to $820 million (R13.4 billion), reducing the credit loss ratio (CLR) to 88 basis points from 103 basis points.
Total revenue declined 3.1% year-on-year to $298.5 million (KShs 38.51 billion), driven by reductions in both net interest income and non-interest income. This pressure reflects a normalizing interest rate environment in Kenya following earlier high rates.
The lender’s total assets expanded to $216.5 billion (R3.6 trillion) from $196.0 billion (R3.26 trillion) a year earlier, reflecting robust balance sheet growth across both domestic and regional operations.
Zambia’s mines minister Paul Kabuswe on Tuesday said the government is holding investment discussions with US and other foreign partners as part of a broader strategy to expand output in Africa’s second-largest copper producer.
Tanzanian authorities are pushing domestic value addition, including plans for a state-backed refinery and requirements for large miners to process and trade portions locally.
Neway enables users to open brokerage accounts remotely, view real-time market data, place buy and sell orders, execute trades, and monitor portfolios—all from smartphones
The latest purchase comes at a time when global central banks are rapidly increasing their gold holdings amid rising geopolitical tensions and persistent economic uncertainty.
MSC told customers the surcharge would remain ‘until further notice’ while the company continues to monitor the situation in coordination with authorities and insurers.
Kenya’s private sector stayed in expansion mode in February, with the Stanbic Bank PMI at 50.4 above the 50 neutral line despite a slight slowdown. Services, construction and retail led gains, while inflation cooled to 4.3%.
With confidence at a multi-year low and order books thinning, the durability of South Africa’s fragile stabilisation may hinge on a sustained recovery in domestic demand and supportive macroeconomic conditions.
