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Kenyaโs private sector activity fell to an 11-month low in June 2025, as weak consumer demand, economic headwinds, and renewed protests dragged performance.
Namibiaโs FDI performance significantly outpaced Botswana โ its economic counterpart, whose total stock stood at $6.5 billion in 2024 despite recording steady growth over the past decade.
Guaranty Trust Holding Company Plc, one of Nigeria’s Tier 1 banks, is set to launch raise about $100 million dollars, ahead of Bank’s minimum capital requirement amid delisting from the ADR on the London Securities Exchange.
The African Development Bank (AfDB) has approved a $400,000 grant to bolster Ethiopiaโs nascent capital market ecosystem.
With its latest move, the central bank aims to lower Namibiaโs interest rate margin from 3.7% to align with other Common Monetary Area (CMA) countries such as South Africa and Lesotho, where margins stand at 3.5%.
This marks the first time in over four years that current-year inflation projections have dipped below 4%, strengthening the central bankโs case for a lower inflation target.
The lenderโs latest move comes weeks after Access Bankโs – Nigeriaโs biggest bank โ received regulatory approvals from both counties to acquire National Bank of Kenya Limited (NBK) from KCB Group.
Moodyโs has downgraded Afreximbankโs credit rating to Baa2, citing rising risks from its exposure to debt-distressed African sovereigns, particularly Ghana and Zambia
The International Monetary Fund (IMF) has commended President Bola Tinubuโs tax reform bills, describing them as a significant step towards boosting revenue mobilisation and creating fiscal space for development spending while maintaining debt sustainability.
According to Government Statistician Alhassan Iddrisu, the continuous decline signals that the underlying causes of the inflation โ high food costs, currency depreciation and global supply chain bottlenecks โ were easing.
Under the new rules, Dedicated Electronic Money Issuers (DEMIs) and Enhanced Payment Service Providers (EPSPs) must reserve at least one-third of board seats for independent directors with no financial ties to the company. These directors cannot hold more than 5% equity stakes or maintain business relationships that could compromise their judgment.
The facility will also support South Africaโs transition to a green economy under its Just Energy Transition (JET) programme. The IMF estimates that the development initiative could lift annual GDP growth by 0.2 to 0.4 percentage points between 2025 and 2030.
As a fallback plan, Pretoria is willing to accept a maximum tariff of 10% if exemptions are not granted, its trade ministry revealed.
According to the World Bank, the AfCFTA has the potential of becoming the worldโs largest trade area, connecting 1.3 billion people across 54 countries into a single market valued at $3.4 trillion. But progress remains slow due to uneven implementation.
Business activity in Nigeria fell to a seven-month low in June 2025, despite continued declines in inflation, according to the latest Purchasing Managersโ Index (PMI) from Stanbic IBTC Bank.
While BAHLโs exit is relatively minorโit had no retail operations in Kenyaโit adds to growing concerns about reduced access to trade finance and foreign capital as more global lenders cut back their presence.
By increasing green financing, the bank is looking to reduce its exposure to climate risks while positioning itself as a key player in Mauritiusโ low-carbon transition.
Kenyaโs Equity Group appoints six new directors and secures approval to open its first office outside Africa in the UAE, targeting diaspora and cross-borderย growth.
President Bola Tinubu has signed into law four tax reform bills that are set to transform Nigeriaโs fiscal and revenue framework. The four bills, the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill, were passed on Thursday after extensive consultations with various…
The signing comes a day after Kenyans returned to the streets to commemorate victims of last yearโs nationwide protests, which were sparked by the highly controversial tax reforms proposed in the Finance Act 2024.