Access Bank has acquired Standard Chartered Gambia, continuing its Africa-wide M&A spree that includes Kenya’s NBK, South Africa’s Bidvest, Morocco, and Malta expansion.
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Mali, backed by Russian Yadran Group has broken ground on a 200-ton gold refinery outside Bamako, aims to plug $500 million annual revenue leak.
The move comes just days after the European Commission listed the country among high-risk jurisdictions for failing to adequately combat money laundering and terrorist financing.
The lender’s swift clarification comes after its shares tumbled nearly 8% in two days, following the CBN’s directive instructing banks with forbearance exposure to suspend dividend payments.
Fitch has raised Ghana’s credit rating to “B-” from default, citing progress in debt restructuring, easing inflation, and external account surpluses.
The global investment bank says Fitch’s recent downgrade has pushed the yields on Afreximbank’s 2029 and 2031 bonds above peers, making them attractive despite restructuring risks.
The report is the latest to spotlight the unintended fallout of the CBN’s aggressive monetary tightening, with the 50% CRR—the world’s highest—severely restricting banks’ ability to lend and generate income from deposits
For now, inflation appears to be cooling. But how long that relief lasts will depend on how energy markets respond to geopolitical risks—and how much of those costs are passed on to Nigerian consumers, experts say.
Dangote Petroleum Refinery is set to commence nationwide distribution of petrol and diesel from August 15, 2025, a move to reshape Nigeria’s fuel supply chain.
By opening up its mining sector, the OPEC country is betting that foreign capital and technical expertise can help unlock the country’s underutilised mineral wealth—strengthening its fiscal position while reducing exposure to energy market shocks.
Access Bank has officially taken over the operations of Standard Chartered Bank in The Gambia, concluding a transaction that marks the end of Standard Chartered’s 130-year presence in the country. The Central Bank of The Gambia confirmed on Thursday, 13 June 2025, that Standard Chartered’s banking licence had been voluntarily relinquished, following the full transfer…
Despite naira gains in local terms, dollar value of Nigeria’s pension assets dropped from $33.5bn to $15.2bn between March 2023 and March 2025, driven by severe currency depreciation.
Before issuing any ruling, the court says it will hear MTN Nigeria’s side of the story. It has given the telecom service provider five days to appear and show cause why its accounts should not be frozen.
Transnet signs three-year union deal amid renewed push to expand maritime operations and partner with OEMs to diversify and penetrate Africa’s logistics market
The trade deal with Ghana comes just a day after China announced plans to remove tariffs for all 53 African countries with which it has diplomatic ties—excluding Eswatini because of to its support for Taiwan
Aliko Dangote, Africa’s richest man, is stepping down as Chairman of the Board of Dangote Sugar Refinery Plc, a company worth of over $300m (N473.73bn), after two decades at the helm of leadership. His retirement, which takes effect from June 16, 2025, marks the end of a 20-year leadership era during which he transformed the…
The Gambia, Ghana, Liberia, Sierra Leone, and Sudan have collectively contributed $16 million to the African Development Fund, tripling their last cycle’s pledge.
The World Bank’s latest growth forecast marks a sharp upgrade from its 2024 projection, which slashed Egypt’s expected growth to 2.4%, down from 3.8% previously predicted
The $7.3 billion tax revenue target comes amid plans by the Ethiopian government to introduce a series of new tax measures including a 15% VAT, a 15% excise duty on fuel and a higher circulation tax on vehicles.
South Africa’s manufacturing sector contracted sharply by 6.3%, the decline cuts across nearly all major industrial segments, driven by low demand and rising costs
The latest cut marks the sixth consecutive policy easing since August 2024 and comes as annual inflation slowed from 4.1% in April to 3.8% in May