Afreximbank successfully raised 2.2 billion yuan (around $303 million) with a bond issuance on the Chinese market, showcasing African institutions' growing ability to diversify funding sources. • The ...

A new piece of legislation, known as the 'CEMAC Act,' is drawing attention to the management of foreign reserves in Central Africa’s six CFA countries—Cameroon, Gabon, Chad, Congo, Central African ...

Africa processed 65% of global mobile money transaction value last year, or $1.1 trillion. • The continent also led in volume, accounting for nearly 82 billion of the 108 billion global transactions.

Mali's inflation rose to 8.3% in February 2025, the highest rate in the West African Economic and Monetary Union (WAEMU). • Rising food, housing, energy, and communication costs continue to push ...

Movis CI will delist from the West African regional stock exchange following sustained financial losses. The company’s majority shareholder is offering to buy back remaining public shares at CFA40,000 ...

On average, African citizens can travel visa-free or get a visa on arrival in only half of the continent. Just five countries have fully opened their borders to all other Africans. Lack of reciprocity ...

Safaricom has launched the Spark Accelerator, a program to help bold, visionary founders grow and scale their startups. It targets early-stage, post-revenue startups in Kenya. Startups must have a ...

Tech development continues to shake up every corner of the global economy. From finance and healthcare to retail and artificial intelligence, big changes are already underway. Research firm CB ...

President Mnangagwa wants to suspend tariffs on American imports • Move comes as U.S. rolls out new duties affecting over 180 countries • Harare eyes stronger ties with Washington under Donald Trump ...

Egypt has launched its first instant international money transfer service through the e& Cash digital wallet, making it easier and faster for users in Egypt to receive remittances from the UAE and ...

MTN Group, the South African telecommunications giant, has announced a partnership with UK-based video software provider Synamedia to develop a new streaming platform. This move is part of MTN’s ...

Commercial banks in Kenya earned record profits in 2024 but are still urging the central bank to lower interest rates. • Loan costs remain high for borrowers, with average lending rates above 16%, ...