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Jamaica has officially joined Afreximbank, becoming the 13th Caribbean Community (CARICOM) nation to sign the bank’s Establishment Agreement. The milestone unlocks $1.5 billion in new financing for the country.
The tax reforms also provide a dividend withholding tax exemption for NIFC-certified firms that reinvest at least $1.9 million (KES 250 million) of their annual earnings into the Kenyan economy.
The slump in intra-African investments contrasts sharply with Egypt’s rising global profile as a top destination for foreign capital on the continent based on recent data from the UN.
In a statement issued on Thursday, the debt office clarified that the actual amount used for servicing the bond was $44.6 million, not the $401.1 million being cited in some media reports.
Another key factor behind the CBE’s decision to hold rates is the government’s recent VAT reform package, announced on June 29. The amendments seek to broaden the tax base without raising the general 14% VAT rate.
Kenya’s domestic debt market kicked off the 2025/26 fiscal year on a bullish note, as investors continued their pivot toward long-term government bonds in search of higher yields and stability.
AfDB has approved a $50 million Trade Finance Transaction Guarantee Facility for Awash Bank, one of Ethiopia’s largest private lenders, as part of its ongoing efforts to expand access to trade finance for SMEs and local corporates.
Ecobank Transnational Incorporated (ETI), a pan-African banking group, has announced the launch of a $250 million Additional Tier 1 (AT1) capital raise via a private placement of contingent convertible notes.
GTCO saw its valuation rise to the N3trn mark as it listed on the London Stock Exchange on Wednesday, cementing its position as the biggest lender by market capitalisation on the Nigerian Exchange Limited
Ethiopia’s new income tax proposal promises relief for workers through higher thresholds, but raises key questions about its ripple effects on business taxes and government revenue
Ethopia signs $1 billion agreement with the World Bank, in the deal is included a $650 million grant and a $350 million concessional loan, aimed at stabilising the financial sector, boosting economic competitiveness, and strengthen the revenue system
The UK is the second major economy, after China, to move to deepen trade ties with African nations amid a global trade war sparked by U.S. President Donald Trump’s sweeping tariffs announced on April 1.
Kenya’s private sector activity fell to an 11-month low in June 2025, as weak consumer demand, economic headwinds, and renewed protests dragged performance.
The African Development Bank (AfDB) has approved a $400,000 grant to bolster Ethiopia’s nascent capital market ecosystem.
With its latest move, the central bank aims to lower Namibia’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%.
This marks the first time in over four years that current-year inflation projections have dipped below 4%, strengthening the central bank’s case for a lower inflation target.
The lender’s latest move comes weeks after Access Bank’s – Nigeria’s biggest bank — received regulatory approvals from both counties to acquire National Bank of Kenya Limited (NBK) from KCB Group.
Moody’s has downgraded Afreximbank’s 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 Tinubu’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.
According to Government Statistician Alhassan Iddrisu, the continuous decline signals that the underlying causes of the inflation — high food costs, currency depreciation and global supply chain bottlenecks — were easing.