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Kenyaโ€™s business activity hits 11-month low on weaker demand, protests

Kenyaโ€™s private sector activity fell to an 11-month low in June 2025, as weak consumer demand, economic headwinds, and renewed protests dragged performance.

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Greenfield projects, investor confidence drive Namibiaโ€™s $11bn FDI inflows

Namibiaโ€™s 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.

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Nigeria’s GTCO eyes $100m from London listing to boost capitalย 

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.

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Ethiopiaโ€™s capital market gets $400,000 lift from African Development Bank

The African Development Bank (AfDB) has approved a $400,000 grant to bolster Ethiopiaโ€™s nascent capital market ecosystem.

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Namibiaโ€™s central bank orders 25bps cut in lending rates by December

With its latest move, the central bank aims to lower Namibiaโ€™s 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%.

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South Africa’s inflation rate to drop 3.9% in 2025

This marks the first time in over four years that current-year inflation projections have dipped below 4%, strengthening the central bankโ€™s case for a lower inflation target.

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Nigeriaโ€™s Zenith Bank joins West African lendersโ€™ race for Kenya

The lenderโ€™s latest move comes weeks after Access Bankโ€™s – Nigeriaโ€™s biggest bank โ€” received regulatory approvals from both counties to acquire National Bank of Kenya Limited (NBK) from KCB Group.

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Moodyโ€™s downgrades Afreximbank on rising sovereign exposure risk

Moodyโ€™s has downgraded Afreximbankโ€™s credit rating to Baa2, citing rising risks from its exposure to debt-distressed African sovereigns, particularly Ghana and Zambia

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IMF commends Tinubuโ€™s tax reform, projects Nigeriaโ€™s GDP to grow by 3.4% in 2025

The International Monetary Fund (IMF) has commended President Bola Tinubuโ€™s tax reform bills, describing them as a significant step towards boosting revenue mobilisation and creating fiscal space for development spending while maintaining debt sustainability.

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Ghanaโ€™s inflation slows for the sixth straight month in June to 13.7%

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.

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Ghana tightens corporate governance for fintechs amid digital finance boom

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.

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AfDB backs South Africa with $475m loan to ease power, logistics woes

The facility will also support South Africaโ€™s 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.

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South Africa seeks US tariff delay, offers LNG deal to avoid 30% hike

As a fallback plan, Pretoria is willing to accept a maximum tariff of 10% if exemptions are not granted, its trade ministry revealed.

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Namibia joins Africaโ€™s $3.4trn free trade zone with first export to Nigeria

According to the World Bank, the AfCFTA has the potential of becoming the worldโ€™s 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.

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PMI: Nigeriaโ€™s business activity drops to 7-month low despite easing inflation

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.

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Kenya revokes Bank Al-Habibโ€™s licence amid foreign banks’ exit from Africa

While BAHLโ€™s exit is relatively minorโ€”it had no retail operations in Kenyaโ€”it adds to growing concerns about reduced access to trade finance and foreign capital as more global lenders cut back their presence.

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South Africaโ€™s top bank to triple green loans in Mauritius by 2030

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.

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Kenyaโ€™s Equity Group appoints six new directors, eyes first Middle East office

Kenyaโ€™s 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.

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BREAKING: Nigeria’s President Tinubu signs tax bills into law

President Bola Tinubu has signed into law four tax reform bills that are set to transform Nigeriaโ€™s 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…

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Kenya enacts tax reliefs, approves $14.5bn budget amid persistent debt pressures

The signing comes a day after Kenyans returned to the streets to commemorate victims of last yearโ€™s nationwide protests, which were sparked by the highly controversial tax reforms proposed in the Finance Act 2024.

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Kenyaโ€™s private sector activity fell to an 11-month low in June 2025, as weak consumer demand, economic headwinds, and renewed protests dragged performance, according to the Stanbic Bank Kenya Purchasing Managersโ€™ Index (PMI).


Namibiaโ€™s FDI surged more than threefoldย between 2010 and 2024, reflecting sustained foreign investor confidence despite the countryโ€™s recent economic slowdown.


GTCO has announced plans to raise $100 million through equity offering, alongside replacing its Global Depositary Receipts with a direct ordinary share listing on the London Stock Exchange.


The African Development Bank (AfDB) has approved a $400,000 grant to strengthen Ethiopiaโ€™s emerging capital market, marking a significant boost to the countryโ€™s financial sector reform agenda.


In a bid to narrow the gap between policy and market rates, Namibiaโ€™s central bank has ordered all commercial banks to reduce their lending rates by 25 basis points in two phases before the end of 2025.


South African analysts, business leaders, and trade unions have revised the country’s 2025 inflation expectations down to 3.9% from 4.4% in 2024, paving the way for further interest rate cuts by the SARB.


Zenith Bank, Nigeriaโ€™s second-largest lender, is in advanced talks to acquire a tier-two Kenyan bank, in a move that signals the growing push by Nigerian banks to expand into East Africaโ€™s largest economy.


Moodyโ€™s has cut the Afreximbankโ€™s credit rating to Baa2, just two notches above junk, citing weak asset performance and growing exposure to distressed sovereign borrowers like Ghana and Zambia.


The International Monetary Fund (IMF) has commended President Bola Tinubuโ€™s tax reforms, describing them as a crucial step toward strengthening Nigeriaโ€™s fiscal position and boosting economic growth


Ghanaโ€™s annual inflation dropped for the sixth consecutive month in June to 13.7%, marking the lowest level recorded since December 2021, according to official data released Wednesday.


Ghana’s central bank has launched corporate governance guidelines for licensed payment service providers, demanding stronger board oversight and clearer management structures.


South Africa has secured additional funding to tackle its long-standing energy and logistic bottlenecks, following the approval of a $475 million loan by the African Development Bank on Tuesday.


South Africa is seeking an extension to US President Donald Trumpโ€™s 90-day tariff pause, aiming to avoid a 30% hike as it negotiates a new trade deal that includes LNG supply.


Namibia has entered Africaโ€™s $3.4 trillion free trade zone with a 45,000 tonne salt shipment to Nigeriaโ€”its first under the AfCFTAโ€”highlighting modest gains amid a sluggish and uneven rollout across the continent.


Nigeriaโ€™s June PMI fell to 51.6, the lowest in 2025, despite easing inflation. Business confidence rose to its highest since August 2022.


Kenyaโ€™s central bank has revoked the licence of Pakistanโ€™s Bank Al-Habib following its planned exit, marking another step in the wider retreat of foreign banks from African marketss.


Absa Group, South Africaโ€™s top lender, aims to more than triple its green loan book in Mauritius to $664m by 2030, as part of efforts to curb investment risks linked to climate change


Kenyaโ€™s 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.


BREAKING: President Bola Tinubu has signed into law four tax reform bills that are set to transform Nigeriaโ€™s fiscal and revenue framework.


Kenyaโ€™s President Ruto has signed three key fiscal bills into law, ushering in broad tax reliefs and activating a $14.5bn spending plan as his government moves to ease living costs and attract investment.