Africa’s $7bn sukuk milestone masks structural constraints, says Fitch
Outstanding African sukuk exceeded $7 billion in August 2026, led by Egypt, Nigeria, South Africa, and Benin, but structural constraints limit market growth.
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Egypt central bank approves digital financial identity platform regulations
The Central Bank of Egypt approved regulations for its Digital Financial Identity Platform to enable remote bank account opening and digital financial services.
CBN Moves to Raise N700bn From Nigerian Treasury Bills as Liquidity Tightens
The Central Bank of Nigeria auctioned N700bn in Treasury Bills with 91, 182, and 364-day tenors to manage tightening liquidity.
South Africa rand strengthens as gold and softer US inflation weigh
The South African rand rose to 15.99 per dollar on August 21, 2026, boosted by higher gold prices and softer U.S. inflation data.
CBK survey shows Kenyan firms turn to cash as loan costs curb borrowing
A CBK survey reveals Kenyan firms favored internal funds over bank loans in September 2025 due to high borrowing costs and strict credit conditions.
PwC projects 4.2% H2 growth for Nigeria, warns food and energy costs may undermine gains
PwC forecasts Nigeria’s real GDP growth at 4.2% in H2 2026, citing oil production gains but warns of risks from rising food and energy costs.
Nigeria bets on mining grants to unearth its untapped mineral riches
Nigeria’s Ministry of Solid Minerals launched the EMERGE grant to fund early-stage mineral exploration and research projects nationwide.
SARB Holds Interest Rates as Oil Prices Threaten South African Inflation
The South African Reserve Bank kept the repo rate at 7% on July 25, 2026, citing inflation risks from volatile oil prices amid Middle East tensions.
CBN Interbank Rates Steady as Nigeria System Liquidity Tops N4.9 Trillion
Nigeria’s interbank rates remained steady at 22% on August 20, 2026, as system liquidity increased to ₦4.93 trillion following a ₦2.22 trillion OMO repayment.
AfCFTA’s Wamkele Mene to Headline PMI Global Summit in Cape Town
AfCFTA Secretary-General Wamkele Mene headlined the PMI Global Summit in Cape Town, emphasizing project management's role in Africa's economic growth.