African financial markets

The Egyptian pound has emerged as the world's best-performing currency in recent weeks, delivering a sharp turnaround that reflects improving investor sentiment and easing pressure on one of Africa’s largest economies. According to recent…

Africa’s economic growth is projected to slow slightly in 2026, according to the African Development Bank (AfDB), as global geopolitical tensions continue to disrupt supply chains and increase costs. The continent’s growth rate is expected…

South African retail giant Pepkor has announced plans to launch its own bank by April 2027, marking a major step in the company’s strategy to expand beyond traditional retail into financial services. The move reflects a growing trend among…

Nigeria’s second-richest man, Abdulsamad Rabiu, is edging closer to a historic financial milestone, with a net worth of $19.7 billion, according to the Bloomberg Billionaires Index. The latest valuation places him just $300 million short of…

Vodacom Group has taken a decisive step to strengthen its position in East Africa with a multibillion‑rand agreement that would increase its ownership of Safaricom from 35 percent to 55 percent, pending regulatory approval. The deal, valued…