AI Everything MEA 2026: Egypt paves the way to become Africa’s AI epicenter
Already ranking top 10 globally on AI usage, Egypt is inviting players in the emerging tech to explore best use cases even as it woos investments in deep tech as Cairo evolves into hub of innovation. Organised by GITEX GLOBAL, flagship Ai Everything MEA expo...
Banker Sidi Ould Tah eyes reforms, stronger partnerships as he takes charge at AfDB
New AfDB President Ould Tah has set out a four-point agenda including, listening intently; fast-tracking reforms; deepening partnerships and accelerating real solutions as his core priorities. Mauritanian, Dr. Ould Tah, was elected on 29 May 2025 with over 76% of shareholder votes—the highest margin for...
Tanzania unit fuels Equity Group to $267 million half-year net profit
Equity Group CEO Dr. James Mwangi says regional lender experienced the biggest transformation in Tanzania business, hitting 4% return on assets and 27% return on equity during the six months ended June 30, 2025. Equity’s Tanzania subsidiary’s net profit surged by 75% to $8.5 million...
Blockchain fintech Shiga Digital eyes firms in Africa, deepens reach with Tether deal
Shiga Digital has unveiled its new Android and iOS apps, expanding access to its end-to-end digital finance platform for businesses and individuals across Africa. Plan will see fintech make it simpler for businesses and individuals to send and receive stablecoin payments, manage cross-border transactions, and...
Afreximbank leads $4 billion Dangote Refinery refinance plan
Afreximbank has signed a $1.35 billion loan financing for Dangote Industries Limited (DIL) as part of a larger $4 billion syndicated credit plan. Syndication of one of the largest loans in recent African financial markets that aims refinance construction of the Dangote Petroleum Refinery and...
South Africa eyes October exit from illicit flows dirty list
South Africa has made progress in addressing most of the technical compliance deficiencies that were previously identified on illicit flows. It now has a change to exit the FAFT list by October. The country was flagged in February 2023 for deficiencies in combating money laundering,...
IMF’s blueprint for Africa’s debt sustainability
The IMF counsels that successful debt stabilization requires measures to strengthen public finances and institutions, alongside pro-growth structural reforms and a sound macroeconomic environment. Fiscal adjustment is likely to result in stronger, more durable reductions in debt when complemented by pro-growth structural reforms and by...
African leaders call for U.S. tariff reforms, investment-led ties
“It is time to replace the logic of aid with the logic of investment and trade,” says Angolan President João Lourenço. “We should review the high tariffs on African countries. What is needed is more trade between Africa and the U.S., not less,” said AfDB...
Policymakers bet big on Islamic finance to reshape Africa’s MSME economy
Policymakers aim to direct Islamic finance away from passive monetary markets and toward productive enterprise, especially MSMEs in Africa. Islamic financial institutions urged to allocate at least 20% of their loan portfolios—an estimated US$1 trillion—toward MSME In Africa, lack of affordable financing is a persistent...
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