EIB Global, Nigeria's BOI Bolster Private Sector, Agri Ties
EIB Global and Nigeria's Bank of Industry have deepened their partnership to drive private sector growth and sustainable agriculture, building on EIB activity in Nigeria dating back to 1978. The move aligns with the EU's Global Gateway strategy.
Kenya's National Bank Doubles Profit to KSh 2.39 Billion Post-Access Acquisition
National Bank of Kenya more than doubled its profit after tax to KSh 2.39 billion in 2025, as operating expenses and loan-loss provisions fell. The lender says it is now focused on accelerating growth.
UBA, BII Ink Africa-Wide Trade Finance Pact
United Bank for Africa and British International Investment have signed a letter of intent to boost trade finance across 20 African countries, targeting the continent's $80 billion gap. The initiative targets SMEs that struggle to obtain letters of credit, guarantees and supply chain finance.
Equity Group Hits Record KSh75.5bn Profit, Up 55%
Equity Group Holdings reported a 55% profit surge to KSh75.5 billion, with profit at its Uganda unit up 500% to KSh3.6 billion. Subsidiaries outside Kenya contributed about half of the group's banking profit.
Standard Bank Funds Enko Education's $22m Africa Expansion
Standard Bank has provided a $22 million multi-currency facility to Enko Education, enabling acquisitions across African borders. Enko operates 16 schools in 10 African countries and aims to reach 20,000 students by 2029.
CBN survey: 42.7% of Nigerians say bank loan rates rose in past three months
The Central Bank of Nigeria's February 2026 Consumer Expectations Survey found most households favour lower interest rates, with 63% saying they would prefer rates to decline.
Nigeria's Recapitalised Banks Drive Push Toward $1 Trillion Economy
Speaking at the Africa Capital Forum in London on March 17, Cardoso highlighted that more than 30 banks have successfully met the Central Bank of Nigeria's new capital requirements.
Fidelity Bank Deepens Ties With Ghana's Electrical Dealers
Fidelity Bank Ghana has reinforced its commitment to customer-centric banking and business growth by hosting a strategic market engagement session with the leadership and members of the Ghana Electrical Dealers Association (GEDA) at Opera Square in Accra Central.
Bank of Tanzania Takes Equity Stake in Africa Finance Corp
AFC described the investment as a reflection of "growing sovereign confidence" in its mandate to channel capital toward critical infrastructure and industrial development.
UK's BII and Deutsche Bank Team Up on $150M Africa Trade Push
British International Investment and Deutsche Bank have launched a $150 million risk-sharing programme designed to expand trade finance into some of Africa's most capital-starved frontier markets.
World Bank Bars PwC Africa Units Over Power Project Fraud
The World Bank Group has imposed a 21-month debarment on three PricewaterhouseCoopers subsidiaries in Africa after the three firms admitted culpability for collusive and fraudulent practices in connection with a major cross-border electricity project linking Ethiopia and Kenya.
South Africa's Major Banks Lift Combined Earnings 9.4%
The combined return on equity for the six lenders reached 20%, up from 19.7% in the prior year.