Kenya is moving fast to claim a bigger role in Africa’s digital trade, targeting infrastructure gaps and payment hurdles through state and international alliances.
PawaPay landed a payment service provider licence from Mozambique’s central bank, clearing the way to sign up local businesses and process payments under direct regulatory oversight.
Kenya’s central bank has left its main lending rate unchanged at 8.75 percent, holding off on more hikes even as inflation pushes higher and household budgets feel the strain.
Kenya’s Central Bank has kept its key rate unchanged at 8.75 percent, resisting calls for cheaper credit as inflation edges close to the government’s upper target.
Kenya’s central bank left its main interest rate unchanged for the fourth meeting in a row, even as inflation climbed to its highest level since early 2024.
Financial professionals have until 9 October to lock in discounted rates for the 7th Annual ETFGI Global ETFs Insights Summit. The event brings together industry leaders from Europe and Africa in London and online this November.
Finserve Africa is testing Emma, a new mobile wallet app in Kenya. Details on fees and features remain scarce for now.
Egypt is rolling out new long-term financing tools to back national and private sector projects, aiming to reshape its economy and boost private business.
Ethiopia's central bank will put 840 million US dollars up for grabs in six foreign exchange auctions during the second quarter of the 2026/27 fiscal year.
Egypt is setting up a Unified Licensing Window to cut red tape for investors. The move is part of a three-year plan to boost private sector growth.
Ethiopia’s central bank is shaking up the foreign exchange market with scheduled USD 125 million auctions. Banks and businesses now get a clearer shot at hard currency.
Somaliland is stepping up its bid to take charge of its airspace and border entry, openly challenging Somalia’s authority and pressing ahead with its own state functions.
Emerging-market assets are falling. Investors are reacting to higher oil prices and mixed signals from central banks. Inflation and debt risks are back in focus.
The IMF is pushing South Sudan to freeze non-essential spending and speed up reforms. Sudan’s war is driving up prices and deepening the crisis.
Ethiopia has secured a currency swap agreement with China, enabling trade in Ethiopian Birr and Chinese Yuan as both countries seek to deepen economic ties and address foreign exchange shortages.
Zambia is moving to restrict the use of the US dollar in domestic transactions, signalling a decisive shift towards local currency and echoing BRICS-led de-dollarisation trends.
Libya stands at a crossroads. Oil riches and deep political rifts threaten both new prosperity and another round of chaos.
Egypt’s net international reserves climbed to $57.35 billion at the end of September 2026. The jump from last year cements the country’s financial buffer.
Kenya’s private sector is feeling the sharpest jump in costs in nearly three years. Inflation and supply snags are putting the country’s economic recovery at risk.
Eric Muriuki leaves NCBA to head Absa Group’s digital growth strategy from Johannesburg, as African digital banking faces major changes.
Airtel Money is set to launch a Mastercard virtual card in Kenya. The move will let users pay for international online shopping and digital subscriptions straight from their mobile wallet.
