Financial markets, banking, economic policy, and business news.
Kenya's National Assembly has introduced legislation to establish a dedicated infrastructure fund targeting Sh5 trillion in financing, marking a strategic shift away from public debt and taxation toward alternative funding mechanisms for long-term development projects.
Nigeria's House of Representatives has launched a review of tax incentives and waivers amid annual revenue losses of N8 trillion, while the Nigeria Revenue Service sets Q2 2026 deadline for large firms to implement e-invoicing systems.
Ogun State announces clearance of eight years of pension arrears as Nigeria's parliament launches investigation into N8 trillion annual revenue losses from tax waivers and incentives, highlighting contrasting approaches to fiscal management.
Nigeria's headline inflation declined marginally to 15.10% in January 2026 from 15.15% in December, while survey data reveals strong public pressure on the Central Bank to lower lending rates at next week's policy meeting.
Precious metals shares comprising over 25% of the JSE All Share Index create significant concentration risk for South Africa's benchmark, while the potential collapse of sugar producer Tongaat Hulett signals deeper industrial challenges.
Ogun State eliminates eight years of pension backlogs while Nigeria's House of Representatives investigates N8 trillion in annual revenue losses from tax waivers and incentives, highlighting divergent fiscal management priorities across government levels.
Two major corporate legal disputes have emerged across African markets, with Nigerian property firm Familia Limited filing a N5 billion suit against Ardova Plc over prime Lagos real estate, while South African steel manufacturer Cape Gate moves to challenge a Competition Commission warrant.
Kenya's government has introduced legislation establishing a National Infrastructure Fund aimed at raising Sh5 trillion for long-term projects, marking a strategic pivot from debt-driven development financing.
PenCom's upward revision of equity exposure limits for retirement savings funds could release nearly N1 trillion in immediate liquidity into the Nigerian Exchange, while parallel reforms in tax administration and regional banking policy signal broader structural shifts across West Africa's largest economy.
Governments worldwide are intensifying tax pressure on high-net-worth individuals while African financial markets undergo structural shifts, with Nigerian pension funds rotating toward equities and South Africa's central bank mandating greater lending rate transparency.
Nigeria unveiled its Industrial Policy 2025 while confronting ₦8 trillion in annual revenue losses from concessions, as the government pursues trade expansion and energy infrastructure development to stabilize the economy.
The ride-hailing startup's Drive To Own program, supported by a $100 million UBA financing facility, aims to convert drivers from renters to owners while expanding its operational fleet.
Bureau De Change operators report inability to purchase dollars from commercial banks one week after Central Bank of Nigeria announced new foreign exchange guidelines, despite parallel market naira appreciation to N1,385 per dollar.
Continental leaders and entrepreneurs are advancing initiatives to establish independent credit rating agencies and digital platforms, aiming to reduce borrowing costs and amplify African voices in global discourse.
Bank of Industry and MTN Foundation commit N1 billion for women-led enterprises while National Pension Commission licenses first accredited pension agent to expand informal sector coverage.