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Libya becomes shareholder in Afreximbank amid economic recovery

Shell acquires stake in Nigerian deepwater asset from TotalEnergies, valuing it at $4.08bn

Access Bank completes acquisition of National Bank of Kenya from KCB Group

Adesinaโ€™s 10-year AfDB legacy: $273B raised, progress mixed

Jumia loses largest investor, as Baillie Gifford dumps its entire shares

Zambia remains in default to Afreximbank, TDB as $583m debt talks stall

A โ€œdebtโ€ wrecking ball swinging towards the Zambia flagged framed in the countryโ€™s shape

Meet the AfDB presidential contenders, and their plans for Africa’s financial future

Nigeria moves to close liquidity gap in Islamic finance with new non-interest instruments

A Nigerian flag on a pole placed on a image of a close up shot of a 100 dollar bill

Meet Nigeriaโ€™s10-member asset management board poised to salvage $2.5bn in bad loans

What you should know as South Africaโ€™s Transnet secures $2.8bn guarantee to avert collapse

South Africaโ€™s Investec announces $139 million share buyback

Dangote signs polypropylene export deal with Vinmar, signals forex and trade balance gains for Nigeria

European lender approves Nigeria, Ivory Coast and Benin for investment rollout

The logo of the European Bank of Reconstruction and Development on a glass structure

Dangote-backed Alterra Capital buys Pollmanโ€™s Tours as part of a $500m Africa investment strategy

Kenya ditches IMF loans, taps World Bank and AfDB for next three years

The International Monetary Fund logo on a wall

Namibiaโ€™s largest pension fund raises payouts by 4% as assets reach $8.8bn

A table clock behind stacks of silver coins, symbolizing retirement savings

J.P. Morgan pulls support for Nigeriaโ€™s carry trade as oil slumps, global risks rise

JP Morgan headquarters, New York City

Inflation fears push Nigeriaโ€™s $14.6bn pension fund to rethink investment strategy

A table clock behind stacks of silver coins, symbolizing retirement savings

Nigeria posts $6.8bn BoP surplus on hot money inflows, but FDI slump signals caution

A Nigerian flag on a pole placed on a image of a close up shot of a 100 dollar bill

Nigeria misses Eurobond coupon deadline, settles days later

Libya officially became the 52nd shareholder of the African Export-Import Bank (Afreximbank) on May 13, 2025


The $510 million deal reflects diverging strategies as TotalEnergies retreats from high-emission assets, while Shell doubles down on upstream growth in Africa.


Access Bank has acquired National Bank of Kenya from KCB Group in a $102 million deal, expanding its presence in East Africa. NBK will operate independently for now, pending full integration.




Zambia remains in default as debt restructuring talks with regional lenders Afreximbank and TDB stall, prolonging economic uncertainty and challenging the countryโ€™s path to debt sustainability.



In a landmark move, Nigeriaโ€™s central bank has launched three new Islamic finance instruments to improve liquidity management and deepen non-interest bankingโ€”addressing long-standing structural gaps.


The Federal Government has inaugurated a new 10-member Board of Directors for the Asset Management Corporation of Nigeria (AMCON), signalling a renewed commitment to financial sector reforms.

 


South Africa extends a $2.8 billion guarantee to Transnet to cover funding and debt servicing amid years of decline, corruption, and theft. The move aims to stabilise key logistics and protect the economy


South Africaโ€™s Investec Ltd. plans a $139.2 million share buyback over the next year, aiming to boost shareholder returns and strengthen investor confidence amid a challenging economic environment


Dangote Group has signed an export deal with Vinmar International to supply polypropylene from its $2 billion Lagos plant.


Nigeria, Cรดte dโ€™Ivoire and Benin have formally joined the European Bank for Reconstruction and Development as recipient countries following an upgrade on Thursday, paving the way for fresh investments in West Africa.

 

 


Dangote-backed Alterra Capitalโ€™s acquisition of Pollmanโ€™s Tours showcases a strategic push into East Africaโ€™s booming consumer experience economy.


Kenya has indicated that it has no plans to finance its budget for the next three years with funds from the International Monetary Fund (IMF), marking a significant departure from the countryโ€™s previous reliance on the multilateral lender.

 


Namibiaโ€™s largest pension fund has raised pension payouts by 4% from April 1 2025, citing strong financial health and inflation trends.


J.P. Morgan has withdrawn support for Nigerian T-bills, warning that falling oil prices and renewed global tensions could expose Africaโ€™s largest economy to deeper macroeconomic risks.


Nigeriaโ€™s pension regulator, PenCom, has disclosed plans to restructure its investment strategy in response to mounting inflationary pressures.


Fresh central bank data shows Nigeria posted a Balance of Payments (BoP) surplus of $6.83 billion in 2024, marking a sharp reversal from consecutive deficits in the previous two years.


Nigeria has confirmed payment on a $4bn Eurobond coupon after initially missing its 28 March deadline, citing public holidays and โ€œtransition issuesโ€ for the delay.


Libya becomes shareholder in Afreximbank amid economic recovery

Libya officially became the 52nd shareholder of the African Export-Import Bank (Afreximbank) on May 13, 2025.

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Shell acquires stake in Nigerian deepwater asset from TotalEnergies, valuing it at $4.08bn

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

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Access Bank completes acquisition of National Bank of Kenya from KCB Group

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.

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Adesinaโ€™s 10-year AfDB legacy: $273B raised, progress mixed

Dr. Adesinaโ€™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.

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Jumia loses largest investor, as Baillie Gifford dumps its entire shares

The Amazon of Africa, has just lost its largest backerโ€”after a Q1 revenue drop of 26% and only $110m left in the tank.

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Zambia remains in default to Afreximbank, TDB as $583m debt talks stall

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.

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Meet the AfDB presidential contenders, and their plans for Africa’s financial future

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 Africaโ€™s growth through tough global financial waters. The current president, Dr.…

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Nigeria moves to close liquidity gap in Islamic finance with new non-interest instruments

By boosting liquidity management for Islamic banks, the CBNโ€™s latest move marks a major step toward mainstreaming non-interest finance in Nigeriaโ€™s financial system.

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Meet Nigeriaโ€™s10-member asset management board poised to salvage $2.5bn in  bad loans

In a bold reform push to stabilize Nigeriaโ€™s financial landscape, the Federal Government has inaugurated a new 10-member board for AMCON

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What you should know as South Africaโ€™s Transnet secures $2.8bn guarantee to avert collapse

The governmentโ€™s $2.8 billion guarantee to Transnet targets debt relief and urgent infrastructure repair

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South Africaโ€™s Investec announces $139 million share buyback

Investec Ltd. has announced a $139.2 million share repurchase set to begin in May 2025 on the Johannesburg Stock Exchange.

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Dangote signs polypropylene export deal with Vinmar, signals forex and trade balance gains for Nigeria

Dangoteโ€™s new polypropylene plant, backed by a global export deal with Vinmar, signals Nigeriaโ€™s shift toward value-added exports.

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European lender approves Nigeria, Ivory Coast and Benin for investment rollout

The upgrade marks a significant shift in the lender’s expansion strategy beyond its traditional markets in Eastern Europe, Central Asia, and parts of the Middle East.

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Dangote-backed Alterra Capital buys Pollmanโ€™s Tours as part of a $500m Africa investment strategy

Alterra Capital, backed by Dangote and Rubenstein, has acquired Kenyaโ€™s iconic Pollmanโ€™s Tours โ€” a bold private equity move into East Africaโ€™s recovering tourism sector.

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Kenya ditches IMF loans, taps World Bank and AfDB for next three years

Although the eastern African leader has no plans to seek further funding from the IMF in the near term, its outstanding obligations to the lender, currently over SDR 2.8 billion, remain a concern.

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Namibiaโ€™s largest pension fund raises payouts by 4% as assets reach $8.8bn

The fundโ€™s latest move aligns with itโ€™s broader goal of protecting the purchasing power of Namibian annuitants amid economic changes.

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J.P. Morgan pulls support for Nigeriaโ€™s carry trade as oil slumps, global risks rise

With Brent crude hovering near the sub-$60 markโ€”Nigeriaโ€™s fiscal break-evenโ€”concerns are mounting that sustained low prices could reopen current account deficits and heighten macroeconomic vulnerabilities.

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Inflation fears push Nigeriaโ€™s $14.6bn pension fund to rethink investment strategy

With 60% of the fundโ€™s pension pot tied up in government debt, retirees remain heavily exposed to the effects of the West African nationโ€™s mounting inflationary pressures.

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Nigeria posts $6.8bn BoP surplus on hot money inflows, but FDI slump signals caution

While Nigeria’s portfolio investments more than doubled in 2024, foreign direct investment plummeted to nearly half of the previous year’s figure.

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Nigeria misses Eurobond coupon deadline, settles days later

The finance ministry says Nigeriaโ€™s delayed Eurobond couponโ€”due 28 Marchโ€”was paid within days. Investors had flagged the missed deadline.

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Libya officially became the 52nd shareholder of the African Export-Import Bank (Afreximbank) on May 13, 2025


The $510 million deal reflects diverging strategies as TotalEnergies retreats from high-emission assets, while Shell doubles down on upstream growth in Africa.


Access Bank has acquired National Bank of Kenya from KCB Group in a $102 million deal, expanding its presence in East Africa. NBK will operate independently for now, pending full integration.




Zambia remains in default as debt restructuring talks with regional lenders Afreximbank and TDB stall, prolonging economic uncertainty and challenging the countryโ€™s path to debt sustainability.



In a landmark move, Nigeriaโ€™s central bank has launched three new Islamic finance instruments to improve liquidity management and deepen non-interest bankingโ€”addressing long-standing structural gaps.


The Federal Government has inaugurated a new 10-member Board of Directors for the Asset Management Corporation of Nigeria (AMCON), signalling a renewed commitment to financial sector reforms.

 


South Africa extends a $2.8 billion guarantee to Transnet to cover funding and debt servicing amid years of decline, corruption, and theft. The move aims to stabilise key logistics and protect the economy


South Africaโ€™s Investec Ltd. plans a $139.2 million share buyback over the next year, aiming to boost shareholder returns and strengthen investor confidence amid a challenging economic environment


Dangote Group has signed an export deal with Vinmar International to supply polypropylene from its $2 billion Lagos plant.


Nigeria, Cรดte dโ€™Ivoire and Benin have formally joined the European Bank for Reconstruction and Development as recipient countries following an upgrade on Thursday, paving the way for fresh investments in West Africa.

 

 


Dangote-backed Alterra Capitalโ€™s acquisition of Pollmanโ€™s Tours showcases a strategic push into East Africaโ€™s booming consumer experience economy.


Kenya has indicated that it has no plans to finance its budget for the next three years with funds from the International Monetary Fund (IMF), marking a significant departure from the countryโ€™s previous reliance on the multilateral lender.

 


Namibiaโ€™s largest pension fund has raised pension payouts by 4% from April 1 2025, citing strong financial health and inflation trends.


J.P. Morgan has withdrawn support for Nigerian T-bills, warning that falling oil prices and renewed global tensions could expose Africaโ€™s largest economy to deeper macroeconomic risks.


Nigeriaโ€™s pension regulator, PenCom, has disclosed plans to restructure its investment strategy in response to mounting inflationary pressures.


Fresh central bank data shows Nigeria posted a Balance of Payments (BoP) surplus of $6.83 billion in 2024, marking a sharp reversal from consecutive deficits in the previous two years.


Nigeria has confirmed payment on a $4bn Eurobond coupon after initially missing its 28 March deadline, citing public holidays and โ€œtransition issuesโ€ for the delay.