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Nigeria, Kenya, Morocco lead Africa’s stock market gains in Q3

Author

Pelumi Davis

Pelumi is a freelance writer with over five years of experience spanning content, creative, and academic writing. His work cuts across lifestyle, cryptocurrency, self-improvement, and technical documentation, and he has published academic papers that reflect his blend of curiosity and research. He currently collaborates with Finance in Africa, covering stories on the continent’s financial landscape. Connect with him on LinkedIn and explore his portfolio on Muck Rack.

Author

Pelumi Davis

Pelumi is a freelance writer with over five years of experience spanning content, creative, and academic writing. His work cuts across lifestyle, cryptocurrency, self-improvement, and technical documentation, and he has published academic papers that reflect his blend of curiosity and research. He currently collaborates with Finance in Africa, covering stories on the continent’s financial landscape. Connect with him on LinkedIn and explore his portfolio on Muck Rack.

Man raising hand with stock market figures in background

Sub-Saharan Africa’s first fintech IPO: Optasia’s JSE listing puts capital markets to the test

Author

Emmanuel Paul

I’m building Finance in Africa, a platform making financial information on banking, insurance, capital markets, and fintech across the continent more accessible and actionable. My work sits at the intersection of journalism, finance, technology and storytelling—with a focus on driving industry insight and professional relevance.

Previously, I was Brand Storyteller at Moniepoint, where I led thought leadership and business storytelling that shaped investor conversations and unlocked partnerships. I also served as Managing Editor at Techpoint Africa, where I directed coverage of Africa’s fintech and innovation economy. I’ve developed industry reports, interviewed global tech and finance leaders, and co-produced events and podcasts that reached hundreds of thousands.

Let’s connect on LinkedIn or Twitter (sorry X), or send tips to emmanuel@financeinafrica.com.

Author

Emmanuel Paul

I’m building Finance in Africa, a platform making financial information on banking, insurance, capital markets, and fintech across the continent more accessible and actionable. My work sits at the intersection of journalism, finance, technology and storytelling—with a focus on driving industry insight and professional relevance.

Previously, I was Brand Storyteller at Moniepoint, where I led thought leadership and business storytelling that shaped investor conversations and unlocked partnerships. I also served as Managing Editor at Techpoint Africa, where I directed coverage of Africa’s fintech and innovation economy. I’ve developed industry reports, interviewed global tech and finance leaders, and co-produced events and podcasts that reached hundreds of thousands.

Let’s connect on LinkedIn or Twitter (sorry X), or send tips to emmanuel@financeinafrica.com.

Inside Ghana’s push to bring more banks to the stock exchange

Author

Bunmi Bailey

Bunmi holds a degree in Economics from the University of Lagos and has over seven years of experience in content writing.

Her career includes roles as a financial and business journalist at BusinessDay Media and TechCabal, as well as leading the research team at SBM Intelligence—an Africa-focused market intelligence and strategic consulting firm.

She currently serves as Editor at Finance in Africa, a subsidiary of BusinessFront, publishers of Techpoint Africa, Energy in Africa. Catch up with her on Linkedin Bunmi Bailey.

Author

Bunmi Bailey

Bunmi holds a degree in Economics from the University of Lagos and has over seven years of experience in content writing.

Her career includes roles as a financial and business journalist at BusinessDay Media and TechCabal, as well as leading the research team at SBM Intelligence—an Africa-focused market intelligence and strategic consulting firm.

She currently serves as Editor at Finance in Africa, a subsidiary of BusinessFront, publishers of Techpoint Africa, Energy in Africa. Catch up with her on Linkedin Bunmi Bailey.

People walking in front of the Bank of Ghana headquarters in Accra.

Foreign investors’ activity on Kenya stock market slumps to 15-year low

Author

Bunmi Bailey

Bunmi holds a degree in Economics from the University of Lagos and has over seven years of experience in content writing.

Her career includes roles as a financial and business journalist at BusinessDay Media and TechCabal, as well as leading the research team at SBM Intelligence—an Africa-focused market intelligence and strategic consulting firm.

She currently serves as Editor at Finance in Africa, a subsidiary of BusinessFront, publishers of Techpoint Africa, Energy in Africa. Catch up with her on Linkedin Bunmi Bailey.

Author

Bunmi Bailey

Bunmi holds a degree in Economics from the University of Lagos and has over seven years of experience in content writing.

Her career includes roles as a financial and business journalist at BusinessDay Media and TechCabal, as well as leading the research team at SBM Intelligence—an Africa-focused market intelligence and strategic consulting firm.

She currently serves as Editor at Finance in Africa, a subsidiary of BusinessFront, publishers of Techpoint Africa, Energy in Africa. Catch up with her on Linkedin Bunmi Bailey.

The image shows the Nairobi Securities Exchange (NSE) trading bell, a symbol of the start or close of a trading session.

Africa’s biggest cement maker, Dangote, hits ₦11trn market cap as shares rally

Author

Bunmi Bailey

Bunmi holds a degree in Economics from the University of Lagos and has over seven years of experience in content writing.

Her career includes roles as a financial and business journalist at BusinessDay Media and TechCabal, as well as leading the research team at SBM Intelligence—an Africa-focused market intelligence and strategic consulting firm.

She currently serves as Editor at Finance in Africa, a subsidiary of BusinessFront, publishers of Techpoint Africa, Energy in Africa. Catch up with her on Linkedin Bunmi Bailey.

Author

Bunmi Bailey

Bunmi holds a degree in Economics from the University of Lagos and has over seven years of experience in content writing.

Her career includes roles as a financial and business journalist at BusinessDay Media and TechCabal, as well as leading the research team at SBM Intelligence—an Africa-focused market intelligence and strategic consulting firm.

She currently serves as Editor at Finance in Africa, a subsidiary of BusinessFront, publishers of Techpoint Africa, Energy in Africa. Catch up with her on Linkedin Bunmi Bailey.

Africa's richest man, Aliko Dangote speaking at an event

Africa’s newest stock market eyes 9 IPOs by year-end despite sluggish start

Author

Amarachi Orjiude-Ndibe

Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Author

Amarachi Orjiude-Ndibe

Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

CEO Ethiopia Securities Exchange Tilahun Kassahun speaking at a press conference

Nigeria’s first rate cut in 5 years seen lifting equities as yields fall

Author

Amarachi Orjiude-Ndibe

Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Author

Amarachi Orjiude-Ndibe

Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Kenya’s NCBA shares jump 8% amid rumoured merger talks with Stanbic

Author

Ernest Favour

Author

Ernest Favour

Joshua Oigara, CEO of NCBA Group, speaking at an event.

Nigeria’s Stanbic IBTC stock gains 6% after leading UAC’s CHI deal

Author

Ernest Favour

Author

Ernest Favour

Nigerian Stock Market Weekly Outlook —Third Week of October 2025

Author

Frederick Eghosa

Author

Frederick Eghosa

Analysis of the NGX September end and Third week of October

Nigeria returns to Eurobond market with $2.3bn offer

Author

Amarachi Orjiude-Ndibe

Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Author

Amarachi Orjiude-Ndibe

Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Nigeria re-enters Eurobond market with $2.3bn offer

Global AI fintech to list on South Africa Exchange, targets $375m raise

Author

Ernest Favour

Author

Ernest Favour

Nigerian Stock Market Weekly Outlook — Second Week of October 2025

Author

Frederick Eghosa

Author

Frederick Eghosa

nigerian stock market analysis week 2 october

Banking Index debuts in Kenya as industry assets hit $61bn

Author

Ernest Favour

Author

Ernest Favour

Kenyan Family Bank nears stock market listing as profit rises 39%

Author

Ernest Favour

Author

Ernest Favour

An image showing the structure of Family Bank Kenya

Ethiopia’s Abyssinia Bank gets regulatory nod for investment banking push

Author

Ernest Favour

Author

Ernest Favour

Algeria floats first $2.3bn Sukuk as fiscal pressures mount

Author

Amarachi Orjiude-Ndibe

Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Author

Amarachi Orjiude-Ndibe

Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

People walk through a main square in the capital Algiers.

NGX Weekly Market Report — Setting the stage for October Open

Author

Frederick Eghosa

Author

Frederick Eghosa

Moody’s affirms Namibia outlook as $750m debt repayment looms

Author

Amarachi Orjiude-Ndibe

Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

Author

Amarachi Orjiude-Ndibe

Amarachi is a finance writer with a knack for turning complex economic data into compelling stories. With over half a decade of writing experience—spanning content creation, journalism, and on-the-ground reporting—she found herself in finance by accident but stayed for the thrill of decoding numbers that shape economies. Now, she covers the policies, trends, and market shifts that drive Africa’s financial landscape, making crucial information accessible to readers across the continent.

At Finance In Africa, Amarachi delivers sharp, data-driven insights tailored for bankers, investors, and finance professionals. She analyses central bank policies, fiscal reforms, and regulatory shifts, translating their impact into actionable intelligence. Her coverage spans banking performance, inflation, currency movements, capital markets, fixed income, and corporate earnings—helping industry players navigate risks and opportunities with confidence.

Connect with her on LinkedIn: Amarachi Orjiude-Ndibe.

The Namibian flag superimposed on an image with the word “BONDS” spelt out on a white piece of paper — behind it is a calculator sitting on a spread of banknotes

Nigerian stock market report for Week Four of August 2025

Author

Frederick Eghosa

Author

Frederick Eghosa

Ethiopia’s newly launched stock exchange is targeting 9 company listings before the end of 2025, as authorities seek to build traction in a market that has seen limited activity since its debut in January.

Analysts expect a rally in Nigeria’s stock market after the central bank’s first rate cut in five years, saying the move could compress fixed-income yields and redirect investors toward equities.

NCBA Group’s share price jumped 8.27% on Tuesday, just a day after the East African region received strong ratings in the African Top 100 magazine, amid rumoured merger talks.

Stanbic IBTC Holdings Plc saw its share price rise by 5.5% on Monday after being confirmed as the lead arranger for UAC of Nigeria Plc’s acquisition of CHI Limited.

Nigeria is preparing to return to the Eurobond market before the end of 2025, seeking to raise up to $2.3 billion as global funding conditions improve following the US Federal Reserve’s first rate cut of the year.

Optasia, a global AI-financial technology firm, has announced plans to list on the South African Securities Exchange, amid a combination of new and existing share issues, to raise $375 million.

Kenya’s Nairobi Securities Exchange (NSE) has launched a Banking Sector Index to spotlight the country’s most influential industry as sector assets near $61bn and lenders post resilient earnings.

Kenyan Family Bank is edging closer to a Nairobi Securities Exchange (NSE) debut as shareholders prepare to vote on a listing proposal, amid a 39% surge in earnings.

Abyssinia Bank, Ethiopia’s second-largest private lender by assets, has formally registered with the Ethiopian Capital Market Authority (ECMA), taking its first step into investment banking within the country’s newly liberalised financial sector.

Algeria will issue its first-ever sovereign sukuk valued at 297bn dinars ($2.3bn) as the government moves to plug a widening budget deficit and expand financing options beyond hydrocarbons.

Moody’s Ratings has affirmed Namibia’s B1 rating with a positive outlook as the country prepares to settle its largest-ever external debt, a $750 million eurobond due in next month.

Top stories

Nigeria, Kenya, Morocco lead Africa’s stock market gains in Q3

African stock markets regained momentum in the third quarter of 2025, with Nigeria, Kenya, and Morocco among the strongest performers.

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Sub-Saharan Africa’s first fintech IPO: Optasia’s JSE listing puts capital markets to the test

Optasia has become Africa’s first publicly listed fintech, debuting on the Johannesburg Stock Exchange in 2025 and marking a new phase for homegrown digital finance.

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Inside Ghana’s push to bring more banks to the stock exchange

The directive comes at a time when investor sentiment in Ghana’s equities market is slowly improving after years of economic uncertainty.

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Foreign investors’ activity on Kenya stock market slumps to 15-year low

Data from Kenya’s Capital Markets Authority (CMA) shows that foreign participation in total equity turnover fell to 28.01% in September 2025, down from 31.28% in August. The last time foreign participation was this low was in August 2010, when it stood at 21.8%.

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Africa’s biggest cement maker, Dangote, hits ₦11trn market cap as shares rally

Dangote Cement Plc has seen its market capitalisation exceed the ₦11 trillion mark after its share price rose 2.42% to ₦665.0 ($0.46) on Friday, making it the second most valuable company on the NGX after BUA Foods, which is valued at ₦12.5trn ($8.58bn).

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Africa’s newest stock market eyes 9 IPOs by year-end despite sluggish start

CEO Tilahun Kassahun says the ESX may also deploy an Over-the-Counter platform for firms not yet ready for full listing, describing it as a way to encourage participation.

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Nigeria’s first rate cut in 5 years seen lifting equities as yields fall

The shift in market sentiment comes as yields on government securities continue to fall, narrowing the risk premium between fixed income and equities.

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Kenya’s NCBA shares jump 8% amid rumoured merger talks with Stanbic

Data from the Nairobi Securities Exchange show NCBA’s share price surged to KSh 75.25 ($0.56) at Tuesday’s close — its highest on record. The group, currently the most expensive banking stock on the NSE, maintained strong momentum in Wednesday’s intraday trading.

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Nigeria’s Stanbic IBTC stock gains 6% after leading UAC’s CHI deal

According to data from the Nigerian Exchange Limited (NGX), Stanbic IBTC — the most expensive banking stock on the bourse — gained from ₦109 ($0.07) on Friday to ₦115 ($0.08) on Monday, maintaining that price through Tuesday’s close.

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Nigerian Stock Market Weekly Outlook —Third Week of October 2025

NGX Weekly Outlook: ASI +2.37% to 146,988; market cap ₦93.30trn. Volume 2.29bn, value ₦90.28bn; 51 gainers vs 41 losers. See sector rotations and setups for Oct 13–17.

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Nigeria returns to Eurobond market with $2.3bn offer

The transaction would mark Nigeria’s first Eurobond issuance since December 2024, when a $2.2 billion offer drew strong investor demand, with bids exceeding seven times the amount on sale.

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Global AI fintech to list on South Africa Exchange, targets $375m raise

Optasia, a global provider of AI-driven financial technology, has announced plans to list on the Prime Segment of the Johannesburg Stock Exchange (JSE) Main Board, amid capital raise moves.

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Nigerian Stock Market Weekly Outlook — Second Week of October 2025

NGX Weekly Outlook: ASI +1.02% to 143,584; breadth flipped positive (53–43) as volume rose 9.36% while value fell 76.6%. See sector leaders (Oil & Gas, Banks) and setups for Oct 6–10.

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Banking Index debuts in Kenya as industry assets hit $61bn

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).

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Kenyan Family Bank nears stock market listing as profit rises 39%

Family Bank Kenya is set to debut on the Nairobi Securities Exchange, breaking a long drought of new listings on the bourse, buoyed by its strong earnings performance.

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Ethiopia’s Abyssinia Bank gets regulatory nod for investment banking push

Abyssinia’s registration increases the number of lenders to two, with the intent to establish in its investment market in Ethiopia’s liberalised financial sector.

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Algeria floats first $2.3bn Sukuk as fiscal pressures mount

According to the Finance Ministry document the Islamic bonds will carry a seven-year maturity and pay a fixed annual return of 6% to investors as rental income, in line with Sharia principles.

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NGX Weekly Market Report — Setting the stage for October Open

NGX ends september as liquidity surges: ASI +0.20% to 142,133; ₦494bn value on 7.68bn shares. Oil & Gas led cash, banks led volume. Here’s how month-end flows (Sept 29–30) set up positioning for October.

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Moody’s affirms Namibia outlook as $750m debt repayment looms

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.

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Nigerian stock market report for Week Four of August 2025

The NGX edged up +0.92% on lighter turnover, a classic “quiet-up” tape. Consumer Goods and Oil & Gas led while banks cooled. Selective accumulation ruled; watch breadth and liquidity into the new week.