Banking
Nigeria’s Banking Godfather Retires
Jim Ovia steps down as Zenith Bank chairman after 36 years, passing the torch to CEO Adaora Umeoji.
Author: Charles Wachira
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Capital Raising & Corporate Finance
Egypt’s IPO Pipeline Grows as Cairo Courts Private Capital
Egypt, Africa’s second-largest economy after South Africa, plans to list up to four state-owned companies on the Egyptian Exchange (EGX),...
Features
Gulf Investors Fill Africa’s Infrastructure Gap
Gulf investors are rapidly reshaping Africa’s investment landscape, committing billions of dollars to ports, transport corridors, logistics, renewable energy, and...
Features
As Libya Oil Output Hits 12-Year High, Revenues Trickle In
War-torn Libya is pumping oil at its fastest pace in more than a decade, averaging about 1.4 million barrels per...
Capital Raising & Corporate Finance
Vodacom Takes Control Of Safaricom
South Africa’s largest mobile operator, Vodacom Group, announced that it will take control of Safaricom, East Africa’s biggest telecom, in a $2.4 billion transaction.
News
FATF Removes 4 Countries From Watchlist
The FATF removed South Africa, Nigeria, Mozambique, and Burkina Faso from its “Jurisdictions under Increased Monitoring” list, commonly known as "the gray list."
News
Newest Cross-Border Payment System Goes Live
The 21 member states of the Common Market for Eastern and Southern Africa (COMESA) can now trade directly in local currencies rather than the US dollar via its recently launched Digital Retail Payments Platform (DRPP), which went live on October 9.
Capital Raising & Corporate Finance
Swiss-Based Coca-Cola Bottler Expands Footprint
Coca-Cola Hellenic Bottling Company plans to acquire a 75% controlling stake in Coca-Cola Beverages Africa (CCBA) for $2.6 billion from The Coca-Cola Company and Gutsche Family Investments. The transaction is expected to close in early 2026, pending regulatory approvals.
Emerging & Frontier Markets
Kenya: Capital Requirement Rule to Trigger Bank Mergers
The Central Bank of Kenya (CBK) plans to lift its 10-year ban on issuing new banking licenses on July 1.
Economics, Policy & Regulation
Namibia Historic Election Seats First Female President
Namibia marked a milestone in its history on March 21, when Netumbo Nandi-Ndaitwah was sworn in as the country’s first...
Banking
Ethiopia: First Investment Banking Licenses Issued
On March 21, Ethiopia issued its first-ever investment banking licenses, marking a historic shift in the nation’s financial sector. The...
Economics, Policy & Regulation
Nigeria’s Vista Bank Approved To Start Operations In France
Vista Bank, a digital-first Nigerian lender, has received regulatory approval from France’s Prudential Supervisory Authority (ACPR) to establish operations in...