Africa: Adenia Raises $180m for Fund Targeting African Mid-Market Companies

Adenia Partners reached a first close of $180 million for its Adenia Entrepreneurial Fund I, hitting its hard cap less than a year after launch. The fund is the first in a new… Read more »

South Africa: Happy Pay Raises $5m to Expand Ad-Subsidised Payments Model

South African startup Happy Pay raised $5 million in a seed round to scale its ad-subsidised payments network, a model that removes interest and fees from consumer finance. Read more »

Africa: Yassir Acquires Kawarizmi to Build Retail Media and Adtech Platform

Yassir has acquired Kawarizmi as it expands into advertising and retail media across Africa, the Middle East and Europe. Read more »

Egypt: Egyptian E-Commerce Startup Mitcha Acquired By US Firm Converted

Converted has acquired Mitcha as it expands its data-driven commerce ecosystem in emerging markets. Read more »

Africa: Moniepoint Acquires Orda to Embed Payments Into Restaurant Operations

Moniepoint has acquired Orda in a move to integrate payments directly into merchant operations and expand its business management platform. Read more »

Central Africa: BGFI Holding Raises FCFA 45bn in BVMAC IPO With Strong Retail Demand

BGFI Holding Corporation raised 45.32 billion FCFA after closing its initial public offering on the Bourse des Valeurs Mobilières de l'Afrique Centrale, according to the… Read more »

Botswana: S&P Downgrades Botswana With Negative Outlook On Diamond Weakness

S&P Global Ratings downgraded Botswana's sovereign credit rating to BBB- from BBB and assigned a negative outlook, citing prolonged weakness in global diamond demand. Read more »

Rwanda: Fitch Revises Rwanda Outlook to Stable, Affirms B+ Rating

Fitch Ratings revised the outlook on Rwanda's long-term foreign-currency sovereign rating to Stable from Negative and affirmed the rating at B+. Read more »

Kenya: ALP Reit Lists On NSE As First USD-Based Security

The Nairobi Securities Exchange listed the ALP Industrial Real Estate Investment Trust on March 11, marking the first U.S. dollar-denominated security to trade on the Kenyan… Read more »

South Africa: JSE Lists China-Focused Active Etf Under Panda Ticker

The Johannesburg Stock Exchange has listed the Prescient China Balanced Feeder Actively Managed Exchange Traded Fund, trading under the ticker PANDA, marking the first actively… Read more »

Nigeria: Dangote Nears Refinery IPO in Deal That Could Reshape Nigerian Market

Dangote Group has appointed Stanbic IBTC Capital, Vetiva Capital Management and FirstCap to lead the planned initial public offering of its refinery business on the Nigerian… Read more »

Kenya: Kenya Pipeline Lists On Nairobi Exchange in $823m IPO

Kenya Pipeline Company began trading on the Nairobi Securities Exchange on March 10 after completing an oversubscribed initial public offering, marking Kenya's largest equity sale… Read more »

Ghana: Ghana Stock Exchange Index Surges Past 15,000 in Record Rally

The Ghana Stock Exchange Composite Index crossed 15,000 points for the first time, closing at 15,185.49 on March 10, as Ghana's equity market extended its rally. Read more »

Ethiopia: Ethiopia Launches Neway Trading App to Expand Access to Capital Market

Ethiopian Securities Exchange has launched Neway, its first web and mobile trading platform, as the country builds out infrastructure for its capital market. Read more »

Senegal: Bank of Africa Senegal Net Profit Rises 10% to 21.9b Xof in 2025

Bank of Africa Senegal, a unit of Morocco's BMCE Group, posted a net profit of 21.9 billion XOF ($38.5 million) for the year ended December 31, 2025, up 10% from 19.98 billion XOF… Read more »

Cote d'Ivoire: Ivorian Rubber Maker Saph Posts Record $44m Net Profit in 2025

Societe Africaine de Plantations d'Heveas (SAPH), Ivory Coast's largest natural rubber producer, posted a net profit of 24.97 billion XOF ($43.8 million) for the year ended… Read more »

Africa: Morocco Awarded Afcon 2025 Title After CAF Overturns Final Result

Confederation of African Football awarded the 2025 Africa Cup of Nations title to Morocco after its appeal board overturned the final result against Senegal and ruled the match a… Read more »

Central Africa: Cameroon to Launch First Census in Two Decades Next Month

Cameroon will begin its fourth General Population and Housing Census on April 24, with field operations running through May 29, marking the country's first full census since 2005. Read more »

Niger: Republic of Congo Debt Rises to 92 Percent of GDP After Eurobond Issuance

Republic of Congo's public debt rose to 8,943.97 billion FCFA at the end of 2025, equivalent to 92.46% of GDP, according to data from the Caisse Congolaise d'Amortissement. Read more »

Cote d'Ivoire: Moody's Affirms Côte d'Ivoire Ba2 Rating With Stable Outlook

Moody's Ratings affirmed Côte d'Ivoire's long-term sovereign rating at Ba2 with a stable outlook, citing strong economic growth and improvements in public financial… Read more »

Africa: Bank of Africa Niger Says Profit Dropped 92 Percent As Credit Risk Rises

Bank of Africa Niger reported a 92% drop in net profit for 2025, according to a statement from its board dated 20 February 2026. Read more »

Nigeria: Nigeria Central Bank Mandates AI Tools for AML Monitoring

The Central Bank of Nigeria has formally incorporated artificial intelligence into its anti-money-laundering framework, requiring banks, fintech firms and payment companies to… Read more »

Africa: Nsia Group Creates Financial Holding to Centralize Banking Operations

NSIA Group is restructuring its financial services business with the creation of NSIA Holding Financière, a new entity designed to centralize its banking and financial… Read more »

Nigeria: Nigeria Launches Idice Startup Bridge With $100,000 Ticket Size

Nigeria's federal government launched the iDICE Startup Bridge, a new program that offers grants and equity investment for early stage startups. The initiative will provide grants… Read more »

Nigeria: Foreign Music Distributors Control 68% of Nigeria Streaming Market

Three global music distribution companies accounted for 68% of Nigeria's total streaming volume in 2025, highlighting the role of foreign firms in the country's music market.… Read more »