Vaughn Hillyard 865 posts 0 comments

Nigeria's Central Bank raised its benchmark interest rate to 28% to combat rising inflation and naira exchange rate volatility.

Zambia and South Africa finalized a $1.5 billion copper export deal under AfCFTA in December 2024, with Glencore leading shipments.

Côte d'Ivoire Ports Authority awarded China Railway Group a $2B contract to build the Abidjan-Lagos rail line under AfCFTA, funded partly by China Eximbank.

MTN Nigeria reported Q1 2026 earnings of $450 million, with CEO Karl Toriola citing fintech growth in Rwanda and Senegal as key drivers.

President Tinubu appointed Taiwo Oyedele as Nigeria's new Finance Minister in a cabinet reshuffle ahead of the 2027 general elections.

Egypt attracted $190M in fintech investments in Q1 2026, led by Flutterwave’s $100M expansion, boosting its position as Africa’s fintech hub.

Ethiopia’s Zemen Bank and EIB disbursed $46.7M to support women-led agribusinesses targeting EU markets through a €40M credit line.

Kenya and Uganda pledged $2 billion to a $4.3 billion oil refinery project in Tanzania to enhance regional oil processing and integration.

Egypt received a $1.2 billion IMF tranche after its central bank raised interest rates to 27% to support economic reforms.

Dangote Refinery plans a $5 billion IPO in 2026 across Lagos, London, and Johannesburg exchanges to fund its Vision 2030 expansion.