Africa’s latest financial-markets index shows broad improvement, but shallow trading and limited liquidity still make it…
Finance News
Uganda Raises Benchmark Interest Rate to 12% as Shilling and Inflation Risks Mount
The Bank of Uganda lifted its benchmark rate from 9.75% to 12%, citing currency weakness, rising…
Ghana Tests Cross-Border Digital Payments With Nigeria and Rwanda
Ghana is testing cross-border payment interoperability between mobile wallets and bank accounts in corridors linking Ghana,…
Airtel Money Begins London Trading After IPO Values Business at About $7 Billion
Airtel Money shares began conditional trading in London after an IPO that values the mobile money…
Zambia Reaches Staff-Level Deal With IMF for New $1.5bn Programme
Zambia has reached a staff-level agreement with the IMF on a proposed $1.5 billion, three-year financing…
Zenith Bank’s Pre-Tax Profit Rises 1.9% as After-Tax Earnings Fall
Zenith Bank’s first-half pre-tax profit rose 1.9% to ₦637.6 billion, but higher tax expense and lower…