Markets
Ghana’s tourism earned GH¢15.42bn (≈USD1.1bn) from 901,448 arrivals, avg spend USD1,200/visitor. Revenue rivals cocoa (LSE:HOTC) & oil, easing FX strain (GHS/USD=X) and Eurobond risk (LSE:GHANA31) but depends on policy to sustain yield.
Markets
Kenya’s bond market (CBK:KENBON) has smashed the KSh 2 trillion turnover mark in record time, signaling unprecedented liquidity. But beneath the milestone lies a fiscal tightrope—depth may fuel volatility if maturities strain (NSE:KCB, NSE:EQTY).
Markets
Standard Chartered (LSE:STAN), SocGen (EPA:GLE) and BNP Paribas (EPA:BNP) are retreating from Africa as costs rise and margins shrink. Equity (NSE:EQTY), KCB (NSE:KCB) and Access Bank (NGX:ACCESSCORP) are expanding, reshaping credit flows and investor dynamics.
Markets
Standard Chartered (LSE:STAN), Société Générale (EPA:GLE), and BNP Paribas (EPA:BNP) are scaling back in Africa. Rising costs and shrinking margins push exits, while Equity (NSE:EQTY), KCB (NSE:KCB), and Access Bank (NGX:ACCESSCORP) expand, redefining market dynamics for investors.
Markets
Tanzania’s Eurobond trades at 9.2%—close to Kenya and Ghana. AfDB’s Exim Bank guarantee is too small to shift flows, but its signaling value could shape spreads, SME risk premiums, and investor sentiment.
Markets
Barrick Gold (NYSE: GOLD; TSX: ABX) faces a Malian clampdown that froze 600k oz of output worth USD 1.4bn, pulling shares near USD 18.86. Arbitration at ICSID looms, but sovereign defiance adds risk as bullion (XAUUSD) trades above USD 2,400 and peers like Newmont (NYSE: NEM) outperform.
Markets
Equatorial Guinea is betting on its 2026 oil licensing round to reverse a collapse from 400k bpd in 2004 to just 50k today. Success could ease fiscal strain and tighten credit spreads; failure risks deeper recession and IMF dependence.
Markets
Afriland Bank and a Gagan Gupta-linked firm are eyeing Cameroon’s 1+ bn tonne bauxite reserves, blending finance and infrastructure to challenge Guinea’s 90m+ tonne exports. Success could reshape Africa’s aluminium future; failure risks another stalled mining dream.
Markets
CNMC’s US$85.8m expansion of DRC’s Kambove mine deepens China’s grip on copper and cobalt. By upgrading shafts, plants, and ESG systems, CNMC signals that mid-tier projects matter in the race to control minerals driving the energy transition.
Markets
DTB Kenya’s sale of its 83% Burundi stake signals a shift in African banking: capital is being pulled from small, high-risk markets toward stronger hubs. For investors, it mirrors global retrenchment trends and highlights frontier fragility.
Markets
Alios Finance’s CFA 9 bn raise signals nonbank finance’s growing role in Cameroon. As sovereign yields top 10% and credit access lags at 19%, the firm’s bet on leasing and SME lending could redefine CEMAC’s financial future—or expose systemic fragility.
Policy & Economy
EXIM’s $100M guarantee for Côte d’Ivoire’s digital sector, executed via Cybastion, signals U.S. intent to de-risk African tech finance. Yet its modest scale versus $100B needs raises doubts over whether it’s a catalyst for scale or just geopolitical signaling.