South Africa: SA-Based Ai Diagnostics Raises $5.2m to Expand TB Screening Tech

AI Diagnostics has raised ZAR85 million, or about $5.2 million, to scale its tuberculosis screening platform. The funding will support clinical research, product development and… Read more »

Nigeria: Renew Capital Launches Venture Lab to Back African Fintech Founders

Renew Capital has launched a new programme to support startups building financial products for small businesses. The initiative, called the Renew Venture Lab: EmFi Series, aims to… Read more »

West Africa: Nigeria Inflation Hits Two-Decade High As Fuel Costs Surge

Nigeria's monthly inflation rate rose to a more than two-decade high in March, driven by higher fuel costs linked to global energy tensions. Consumer prices increased 4.2%… Read more »

Cote d'Ivoire: BOA Côte d'Ivoire Sets May 6 Dividend Payment Date

BRVM said Bank of Africa Côte d'Ivoire (BOAC) will pay a dividend of 594.528 FCFA per share for the 2025 financial year, according to a market notice released on April 17. Read more »

Cote d'Ivoire: Genesis Capital Advises On $65m Green Bond for Ivorian Solar Project

Genesis Capital has advised on a CFA42.65 billion, or $65 million, green bond issuance to finance a solar power project in Côte d'Ivoire. The deal reportedly marks the first… Read more »

Kenya: Sama to Cut Over 1,100 Jobs in Nairobi After Meta Contract Ends

Sama will lay off more than 1100 employees in Nairobi after Meta Platforms ended a key content and data annotation contract. The company said it issued redundancy notices to 1108… Read more »

South Africa: South Africa's Refiant Raises $5m to Build Efficient Ai Models

South African startup Refiant AI has raised $5 million in a seed round to develop tools that reduce the size and energy use of artificial intelligence models. The funding will… Read more »

Africa: Dangote Plans to Sell About 10 Percent of Refinery in IPO Across Africa

Aliko Dangote plans to sell about 10% of Dangote Petroleum Refinery and Petrochemicals in a multi-exchange listing across Africa, targeting 2026. The offer is part of a plan to… Read more »

Egypt: Egypt's Invia Raises $1.2m to Scale SME Finance Management Platform

INVIA has raised $1.2 million from angel investors and strategic backers to expand its AI-powered financial platform for small and medium-sized businesses. Founded in 2023 by Yehia… Read more »

Egypt: Edafa Acquires Egypt-Based Cyclex in Push Into Circular Economy

Edafa Venture has acquired Egypt-based Cyclex in a six-figure deal, as it expands its focus on sustainability and circular economy investments. Read more »

Egypt: Raedbots Launches As Egypt's First Local Industrial Robotics Maker

Raedbots has launched in Egypt as a local manufacturer of industrial robots, targeting growing demand for automation across factories and warehouses. Read more »

Egypt: Egypt's Reme-D Raises $500k to Scale Cost-Saving Diagnostics Solution

Reme-D has raised $500,000 from Global Innovation Fund to expand its molecular diagnostics platform across Africa and the Middle East. Read more »

Cote d'Ivoire: Socgen Cote d'Ivoire Profit Holds Flat On Higher Credit Costs

Societe Generale Cote d'Ivoire (BRVM: SOGB) held net profit virtually unchanged in 2025, delivering XOF 101.4 billion ($181 million) against XOF 101.2 billion ($180.7 million) the… Read more »

Benin: BOA Benin Profit Jumps As Strong Revenues Mask Rising Bad Loans

Bank of Africa Benin posted a modest rise in net profit for the year ended December 31, 2025, but the headline masks a story of growing credit stress underneath -- bad loan… Read more »

Cote d'Ivoire: Alios Finance Launches $2.7m BRVM Public Offer to Shore Up Capital

Alios Finance Côte d'Ivoire has launched a CFA1.5 billion capital increase, about $2.7 million, through a public offering on the BRVM. The transaction will involve the… Read more »

Africa: Ecobank Group Posts Record Revenue As Africa's Macro Climate Turns

Ecobank Transnational Incorporated posted its best-ever full-year revenue in 2025, driven by loan growth, higher fees, and a more stable currency environment across sub-Saharan… Read more »

Ghana: Moody's Upgrades Ghana Outlook On Improving Financing Conditions

Moody's Ratings upgraded Ghana's outlook to positive from stable while affirming its long-term sovereign rating at Caa1, citing improving domestic financing conditions. Read more »

Cote d'Ivoire: Ecobank Côte d'Ivoire Proposes Higher Dividend After 10.5 Percent Profit Jump

Ecobank Côte d'Ivoire (BRVM: ECOC) reported net profit of 63.48 billion CFA francs, about $103 million, for 2025, up 10.45% from the previous year. Read more »

Cote d'Ivoire: Setao Narrows Loss in 2025 As Revenue More Than Doubles

SETAO -- Société d'Etudes et de Travaux pour l'Afrique de l'Ouest (BRVM: STAC), a Bouygues Bâtiment International unit listed in Abidjan since 1998, posted a… Read more »

Nigeria: Dangote Plans Pan-African IPO for Refinery in Landmark Listing

Aliko Dangote plans to list shares of the Dangote Refinery across multiple African stock exchanges, in what could become one of the largest and most complex equity offerings on the… Read more »

West Africa: Zenith Bank Enters Francophone West Africa With New Côte d'Ivoire Unit

Zenith Bank will launch its Côte d'Ivoire subsidiary on April 29, marking its entry into Francophone West Africa and one of the region's largest banking markets. Read more »

Egypt: Egypt Inflation Jumps to 13.5% On Food, Transport Costs

Egypt's annual inflation rate rose to 13.5% in March from 11.5% in February, driven by higher food and transport costs, according to CAPMAS. Read more »

Morocco: Casablanca Exchange Launches Futures Market in Derivatives Push

Bourse de Casablanca has launched a futures market and a central clearing house, introducing new infrastructure aimed at improving risk management and liquidity in Morocco's… Read more »

Africa: African Assets Outperform Emerging Markets Amid Iran War Tensions

African assets have outperformed broader emerging markets since the start of the Iran conflict, challenging perceptions of the continent as a high-risk investment destination.… Read more »

Burkina Faso: Onatel Burkina Faso Profit Falls 26% in 2025 As Costs Squeeze Margins

Office National des Télécommunications du Burkina Faso (BRVM: ONTBF), operating under the Moov Africa brand and 61% owned by Morocco's Maroc Telecom, posted a net… Read more »