Africa

After exponential growth over the past decade, African fintech hits a slowdown in 2023. 

African sovereigns and banks are looking for alternative funding sources as their access to the eurobond market dries up. 

African entrepreneurs, frustrated by political and economic barriers and reluctant banks, increasingly see VC as the source of the funds they need. 

As multinationals exit or downscale, African-based institutions are taking the lead on the continent.

Abdelatif Jouahri, governor of the Central Bank of Morocco, shares his thoughts regarding the strengths of the bank and the Moroccan economy.

MasterCard will be acquiring a minority stake in the fintech unit of African telecom giant MTN.

Decades of economic restructuring are at stake as Morocco struggles to rebuild from a deadly earthquake.

The institution is Uganda’s biggest lender, accounting for roughly 55% of its multilateral external debt stock.

One of the poorest countries in the world, Niger is the fourth West African country to experience a coup d’état since 2020.

The move, which economists deem positive, is a prelude to needed monetary reform.

The new Central Bank of Kenya governor Kamau Thugge brings with him a stellar résumé of previous experience in government and 25 years at the IMF.

Ethiopia has embarked on a roadshow to sell shares in the Ethiopia Securities Exchange as part of its attempt to build a diversified and vibrant economy.

African banks remain resilient and ready to weather any storm that comes their way.

The IMF has conducted CBDC workshops in Africa covering issues posed by central bank-governed virtual digital assets but adoption has been sluggish.

Shifting to a holding company allows the parent company to coordinate and manage all the units.

The African bond market is heating up again after years of sovereign defaults and Covid-related headwinds.

Nigeria's new president faces a legal challenge to his victory and the arduous task of rebuilding an economy in tatters. 

The digitization of payments is transforming African economies, but challenges remain.

A slew of activity to meet Europe’s war-driven thirst for new sources of hydrocarbons could put long-term development at risk.

India and the UAE combine forces to invest in Africa.