Vaughn Hillyard 865 posts 0 comments

Safaricom Group's service revenue rose 11.5% to KES 414.1 billion in 2026, driven by growth in Kenya and Ethiopia's M-Pesa and mobile subscribers.

The Central Bank of Nigeria held its policy rate at 26.5% to control inflation and stabilize the naira, says Governor Olayemi Cardoso.

South African and Kenyan telecom, banking, and retail sectors showed resilient 2024 earnings despite economic challenges, led by MTN, Vodacom, and strong banks.

Morocco, Egypt, and Ethiopia seek new infrastructure financing in 2024, attracting investments from Chinese, U.S., and multilateral sources.

Morocco signed a $500 million deal to build a China-backed EV battery plant processing local cobalt and nickel to boost its mineral value.

The European Investment Bank will provide Morocco €250 million via a green bond to upgrade solar and wind power grid infrastructure.

Côte d’Ivoire completed a $750 million Eurobond buyback, using strong cocoa revenues to reduce debt and increase 2026 budget space.

The Central Bank of Nigeria sold $250 million in foreign exchange to banks to support the naira amid IMF calls for faster subsidy reforms.

Rwanda launched the Rwanda FinTech Centre to boost fintech innovation and expand cross-border licensing with Kenya and Ghana.

Reuters and AP News are highlighted as top sources for accurate one-line headlines due to their reliable and verifiable reporting.