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The capital injection comes as fiscal uncertainty deepens over Ethiopia’s stalled Eurobond restructuring, which analysts say could complicate access to external funding.
Africa’s largest banking group by market value has voiced concern over the United Kingdom’s newly proposed £11bn ($14.7bn) car loan compensation scheme, warning that it could expose lenders — including its UK subsidiary, MotoNovo Finance — to significant financial risks.
Banks from Ethiopia recorded the most representation among Africa’s top 10 biggest risers in 2025, as the ongoing deregulation of the banking industry and increased competition within the financial services sector boosted their rankings.
The central bank said the upcoming auction, which marks the tenth since the East African nation launched its new foreign exchange trading system in August 2024, follows months of robust inflows and rising reserves.
GTCO’s challenges mirror broader macroeconomic trends across Africa, where high inflation, rising interest rates, and currency volatility have eroded bank margins and dampened consumer spending.
Wegagen’s management attributed the capital surge to strategic balance-sheet strengthening, business diversification, and an accelerated digital rollout.
This marks VFD’s second major capital raise in two years. At its eighth AGM in 2024, shareholders had approved a ₦30bn ($20.3m) capital raise, of which ₦12.5 billion ($8.45m) was successfully secured.
The contraction marks the third year of consecutive decline and the lowest level since 2014 when the sector’s assets stood at Ksh 56.9 billion ($422 million) .
Stanbic IBTC, Nigeria’s priciest banking stock, has named Chukwuma (Chuma) Nwokocha as Group Chief Executive after a year under interim leadership.
The Nairobi Securities Exchange (NSE) has unveiled a Banking Sector Index to give investors a sharper view of Kenya’s largest and most liquid sector, with a cumulative total asset of KSh 7.9trn ($60bn).
Ethiopia’s interbank money market has passed the $6.9 billion mark less than a year after launch, underscoring progress in monetary reforms and investor confidence in financial liberalisation drive.
From Lagos to Kigali, women are steadily reshaping Africa’s financial landscape, leading some of the continent’s largest and most influential banks. Nigeria stands out with nine women at the top of major institutions.
Ecobank Transnational Incorporated (ETI) has completed the sale of its 98.8% stake in Ecobank Mozambique to Malawi’s FDH Bank Plc, ending its 11-year presence in the Southern African country.
TAJBank Limited, Nigeria’s fast-growing Islamic lender, has surpassed the Central Bank’s minimum capital requirement for regional non-interest banks, well ahead of the March 2026 deadline.
Pearl Nkrumah takes the helm of Access Bank Ghana on October 1, 2025, becoming the lender’s first female chief executive, amid accelerating the lender’s local and global footprint.
The government’s immediate plan is to raise $122 million through three yet-to-be-named domestic lenders to refinance part of the obligation due next month.
The growing interest follows sweeping reforms designed to open up the economy to the global market after decades of tight state control.
Behind every selfie and ID check lies the hidden machinery powering Africa’s digital finance. Find out how KYC fuels trust, scale, and inclusion.
Kenya’s Kamau Thugge and Morocco’s Abdellatif Jouahri have earned top marks in Global Finance magazine’s 2025 “Central Banker Report Cards,” placing ahead of peers from Egypt, Ethiopia, South Africa and Uganda in the annual global ranking.
Guaranty Trust Holding Company (GTCO) Plc reported a 50% drop in profit as non-core income slumped, reflecting a broader slowdown across Nigeria’s largest banking group.