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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 Lusophone African nation’s latest equity injection brings its total investment in the regional financier to over $200 million, including the $25 million contribution made earlier this year by the Fundo Soberano de Angola, the country’s sovereign wealth fund.
Egypt, one of the biggest economies in Africa, received the most Foreign Direct Investment (FDI) in 2024, pushing it to the top 10 global destinations for FDI
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.
Despite its abundant potentials, some segments of Africa’s creative industry like movies have failed to deliver returns making investors sceptical in committing significant funds to creative ventures.
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.
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 resumption of World Bank support could help ease the country’s mounting fiscal pressure by reintroducing cheaper external financing, particularly in infrastructure and development sectors.
Libya officially became the 52nd shareholder of the African Export-Import Bank (Afreximbank) on May 13, 2025.
In a strategic portfolio shift, TotalEnergies has divested its 12.5% stake in Nigeria’s Bonga, a move from high-cost, high-emission assets, reflecting broader diverging among oil majors
Access Bank has acquired National Bank of Kenya from KCB Group in a $102 million, expanding its presence in East Africa. NBK will operate independently for now, pending full integration.
Dr. Adesina’s AfDB tenure saw $273B+ mobilised for energy, food, and industry, but progress on trade and livelihoods lagged amid conflict, climate shocks and global crises.
The Amazon of Africa, has just lost its largest backer—after a Q1 revenue drop of 26% and only $110m left in the tank.
The latest stalemate between the copper producer and its regional lenders threatens to prolong the country’s economic uncertainty and cast a shadow on its path to debt sustainability.
The African Development Bank (AfDB) will pick its next president on May 29, 2025, at its annual meeting in Abidjan, Ivory Coast. The timing is critical. With a recent $555 million funding cut proposed by the United States, the bank faces pressure to steer Africa’s growth through tough global financial waters. The current president, Dr.…
By boosting liquidity management for Islamic banks, the CBN’s latest move marks a major step toward mainstreaming non-interest finance in Nigeria’s financial system.
In a bold reform push to stabilize Nigeria’s financial landscape, the Federal Government has inaugurated a new 10-member board for AMCON
The government’s $2.8 billion guarantee to Transnet targets debt relief and urgent infrastructure repair
Investec Ltd. has announced a $139.2 million share repurchase set to begin in May 2025 on the Johannesburg Stock Exchange.