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he move makes JPMorgan the first US bank to re-enter the Angolan market since major international lenders withdrew in the mid-2010s over compliance concerns.
The Bank of Zambia has reduced its key lending rate for the first time in over five years, citing slowing inflation in Africa’s second-largest copper and cobalt producer.
Data released Monday by the country’s statistics agency, CAPMAS, showed that inflation climbed to 12.5% in October 2025 from 11.7% in September — marking the first acceleration since May.
While the IMF acknowledges that currency swaps can ease short-term fiscal pressure, it warned that such arrangements can expose countries to new forms of volatility.
The decision comes three days after S&P Global Ratings upgraded the country’s sovereign rating outlook to “positive” from “stable,” citing stronger growth prospects and rising per capita income.
The upgrade reflects Uganda’s stronger growth momentum relative to peers and expectations that major oil developments will begin to come onstream by late 2026.
The survey, which reflects the views of 130 CEOs across Southern, East, and West Africa, shows that 26% intend to allocate more than 20% of their annual budgets to AI adoption. This is nearly double the global average of 14%.
Nigeria’s latest Eurobond issuance could keep the country’s external debt-to-total debt ratio slightly above the Debt Management Office (DMO) threshold of 45% by year-end, according to analysts at CSL Research.
This marks an increase of 192% from the same period in 2024, driven primarily by a narrower loss in its Ethiopian operations and sustained growth in mobile money and data services.
Revolut has named ex-Mastercard executive Yacine Faqir as CEO for Morocco, deepening its North Africa push and signalling a shift toward locally led digital banking expansion.
New data from Africa: The Big Deal shows that start-ups on the continent raised $2.65bn between January and October 2025, up 56% from $1.7bn in the same period last year.
The exemptions and reliefs—announced by Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, on Monday—represent one of Nigeria’s most comprehensive efforts to simplify taxation, promote equity, and encourage compliance.
The 160-basis-point increase from 1.9% in August marks a shift in the Bank of Botswana’s monetary stance after more than two years of steady easing.
Eyob Tekalign, the new governor of the National Bank of Ethiopia (NBE), said in an interview with Bloomberg on Wednesday that the public should expect a turnaround.
South Africa’s fintech market is projected to reach R337.7bn ($19.5bn) over the next five years, posing a growing threat to the country’s established banks, according to TransUnion’s latest South Africa Research Report.
The central banks also moved to ease monetary transmission and spur credit growth by lowering the Minimum Reserve Requirement on rupee-denominated deposits from 13% to 10%, effective October 8.
The move comes four months after Ethiopia officially opened its banking industry to foreign investors for the first time in nearly five decades, signaling a cautious but strategic liberalisation of the sector.
CEO Tilahun Kassahun says the ESX may also deploy an Over-the-Counter platform for firms not yet ready for full listing, describing it as a way to encourage participation.
GoldBod attributed the performance to improved oversight and its continued collaboration between key stakeholders which has helped curb smuggling and boost repatriation of proceeds.
With this latest injection, Wema Bank’s total qualifying capital now stands at ₦264.9bn ($179.9m), well above the ₦200bn ($135.9m) minimum requirement for national banks.