africafinancialnews

79 Articles

Egypt Looks to Secure Remaining €4 Billion EU Aid by 2027 as Economic Pressures Mount

CAIRO — Egypt has signalled strong confidence that it will receive the remaining €4 billion from a major European Union…

Tunisian Olive Oil Set to Outpace Italy After Bumper Harvest, Offering a Boost to North Africa’s Economy

TUNIS — Tunisia’s olive oil sector — long a cornerstone of its agricultural economy — is on the brink of…

Global Markets Defy Geopolitical Shocks as Investors Kick Off 2026 With Cautious Confidence

Global financial markets showed remarkable resilience on Monday, January 5, 2026, with major stock indices, bond markets and oil prices…

Kenyan Farmers Turn to Family and Customers as Banks, SACCOs Shut Lending Doors

NAIROBI — Struggling to access affordable credit from banks and savings cooperatives, Kenyan farmers are increasingly turning to informal finance…

Kenya Tax Ruling Boosts Revenue Authority’s Compliance Powers, Signals Shift in Tax Enforcement

NAIROBI — In a decision that could reshape Kenya’s tax compliance landscape, the Tax Appeals Tribunal has upheld expanded powers…

Airtel Africa and Starlink Ignite Connectivity Revolution: Satellite Direct-to-Cell Service Set to Transform Digital Access in 14 Countries

Nairobi — In a landmark move poised to reshape connectivity across sub-Saharan Africa, Airtel Africa has teamed up with SpaceX’s…

Kenya’s Private Sector Credit Hits KSh 4.15 Trillion as Lending Momentum Returns, Signalling Economic Confidence

Nairobi — Kenya’s private sector lending rebounded sharply in late 2025, with credit extended by commercial banks climbing to KSh…

Mastercard’s Strategic Surge: African Acceptance Network Expands by 45%, Igniting Growth Across the Continent’s Digital Economy

In a transformative milestone for Africa’s digital payments landscape, Mastercard has announced a 45 percent expansion of its acceptance network…

Africa’s Top 10 Must-Visit Cities in 2026: Where Culture, Adventure, and Beauty Collide

Africa is a continent of breathtaking diversity, from sun-drenched beaches to ancient cities steeped in history, wildlife safaris to luxury…

Kenya Secures Strategic Export Push with China Deal as Trade Barriers Ease

NAIROBI — In what analysts are calling a timely boost to Kenya’s battered export economy, Nairobi has successfully secured a…

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