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Standard Bank Group has appointed Joshua Oigara as Regional Executive for East Africa, while he continues to serve as Chief Executive and Executive Director of Stanbic Kenya.
The negotiations, which could slash interest costs by nearly half, also seeks to extend repayment deadlines and ease pressure on public finances.
With presidential elections scheduled for October 2025, the International Monetary Fund further cautioned that political pressures could complicate fiscal consolidation.
National Pension Commission (PenCom) has blacklisted seven mortgage lenders from its retirement-savings-backed housing scheme, underscoring both the potential and risks of deploying pension assets to ease the housing crunch.
More than 1,000 Kenya’s chief executive officers are entering the second half of 2025 with optimism, see growth but fear rising cost, tax obligation, and tariffs uncertainties.
The fresh capital is expected to lift the unit’s standing into Tanzania’s top five lenders from its current tenth position, where it manages assets of $666 million.
According to PwC Nigeria, real household spending in the country is expected to recover in 2025, reaching $16.7 billion — the highest in three years — after two straight years of decline.
New data from the Ethiopian Investment Commission (EIC) shows that FDI rose to $4bn in the 2024/2025 fiscal year from $3.8bn a year earlier, driven by a surge in investment permits.
Analysts see South Africa’s GDP rising by 0.4% in the second quarter of 2025 after a weak start to the year, but the US trade tariffs, high unemployment, and fragile investor confidence weigh heavily on recovery prospects.
Paul Russo, KCB’s CEO said the bank is weighing an application for exemption from Ethiopia’s foreign ownership rules, which cap overseas stakes at 49%.
The telco gaint, which operates across 16 African markets and serves over 298 million customers, said Nigeria’s revenue rose by 54.1% to $1.54bn on a constant currency basis, while Ghana advanced 39.9% to $1.13bn.
The advance payment requirement comes alongside sweeping reforms to Ethiopia’s tax framework, following the passing of the Income Tax (Amendment) Proclamation on July 17, 2025.
With large-scale production now underway, Uganda is betting that gold can deliver steady revenues, support industrialisation and secure a stronger foothold in Africa’s mineral economy.
Nigeria’s cost-of-living crisis eased further in July 2025, with headline inflation slipping to 21.88% from 22.22% in June, the lowest this year.
South African lender Nedbank is selling its stake in ETI to Bosquet Investments, owned by former Ecobank chairman Alain Nkontchou, in a deal expected to close later this year.
Nigeria’s headline inflation is projected to slow for the fourth consecutive month in July 2025, dipping to 21.79% from 22.22% in the previous month, according to Financial Derivatives Company (FDC).
FirstRand Group, Africa’s largest bank by market value, is positioning for entry into Kenya’s banking sector, viewing the country’s rising minimum capital requirements as a gateway for expansion.
Egypt is taking steps to position itself as a regional gold hub, with plans to establish an internationally certified gold refinery and introduce legislation to regulate gold investment funds.
The decision mirrors similar moves by Egypt and Nigeria, which also held borrowing costs steady at their most recent policy meetings amid domestic price pressures and global market uncertainties.
Kenya and Iran have given themselves 60 days to resolve a tea export dispute sparked by a quality-fraud scandal that strained diplomatic and commercial ties.