Ethiopian banks deliver biggest-ever earnings as sector expands
Ethiopia’s banking sector expanded further in the 12 months to June 2025, recording its highest-ever profit alongside rapid balance sheet...
- Thursday, June 04, 2026
BusinessDay
Ethiopia’s banking sector expanded further in the 12 months to June 2025, recording its highest-ever profit alongside rapid balance sheet...
Absa Group is accelerating its expansion across Africa, as operations outside its home market emerge as the bank’s fastest-growing business,...
S&P Global Ratings has cut Botswana’s sovereign credit rating, citing growing risks to fiscal stability as the country grapples with...
Nigeria, Egypt, Ethiopia, and Zimbabwe have raised domestic fuel prices as global oil costs surge and supply disruptions linked to...
Africa’s economic outlook continues to shift as stronger bank earnings, improving growth in key economies and rising commodity prices reshape...
Africa’s billionaires are richer than ever, with their combined wealth surpassing $126 billion, helped by a rally in equity markets...
With gold prices near historic highs, African governments are increasingly treating the metal not just as a mining commodity but...
Benin slipped into deflation in February 2026 for the first time in 14 months as falling food and service costs...
Standard Bank, Africa’s largest lender by assets, posted an 11 percent rise in annual headline earnings as strong growth in...
February marked a strong start to 2026 for African markets, with multiple central banks beginning to cut interest rates after...