9 h. ago Why Zenith, Access, other big African banks are racing to Kenya

East Africa is rapidly emerging as the new battleground for Africa’s banking heavyweights, with Kenya at the centre of an read more Why Zenith, Access, other big African banks are racing to Kenya

Politics

63 h. ago Africa Finance Brief: Regional banks step in as global lenders retreat

African finance is being reshaped by a shift toward regional capital as global lenders retreat, with Nigerian and South African read more Africa Finance Brief: Regional banks step in as global lenders retreat

Politics

3 d. ago Afreximbank terminates credit rating relationship with Fitch

African Export-Import Bank (Afreximbank) on Friday officially terminated its credit rating relationship with Fitch Ratings. The decision follows a review read more Afreximbank terminates credit rating relationship with Fitch

Politics

4 d. ago Nigeria’s big banks tighten grip on African expansion as global lenders retreat

…Recapitalisation, profit pressure, foreign exits reshape continental banking As global lenders retreat from Africa, some of Nigeria’s biggest banks have read more Nigeria’s big banks tighten grip on African expansion as global lenders retreat

Politics

1 week ago Former Nigeria statistics chief warns inflation overhaul may mask real cost

Yemi Kale, group chief economist at the African Export-Import Bank (Afreximbank) and the architect of Nigeria’s 2014 GDP rebasing, has read more Former Nigeria statistics chief warns inflation overhaul may mask real cost-of-living crisis

Events

2 w. ago Levene Energy To Acquire Stake In Axxela Limited With $64M Afreximbank Facility

Levene Energy Development Limited is pushing to acquire a 30 per cent stake in Axxela Limited. The deal is being finalised with USD 64 million financing facility by African Export–Import Bank (Afreximbank), to back its equity commitment to Bluecore Gas Infraco Limited, the acquiring entity. Axxela is one of West Africa’s leading gas and power […]

Politics

2 w. ago Transmission Company, Partners Educate Abia, Imo, Anambra Communities On Line Upgrades

The Transmission Company of Nigeria (TCN), in partnership with the African Development Bank (AfDB) and the Federal Ministry of Finance have carried out a sensitisation programme for Project Affected Persons (PAPs) on the proposed reconstruction and upgrade of the Alaoji–Onitsha 330kV Single Circuit Transmission Line line. The sensitisation exercise, which took place from January 6 […]

Politics

3 w. ago JEWELRYBYQUILA Inks Expansion Deal In Nigeria, Banks On African Luxury’s Resilience

In a move that signals a significant shift in the West African retail landscape, luxury jewelry house JEWELRYBYQUILA has formally announced the expansion of its operations into Nigeria. This strategic pivot is more than a simple geographical move, it represents a high-stakes vote of confidence in Nigeria’s burgeoning creative economy and its status as a […]

Politics