Afreximbank profit surges 19% to $1.2 billion amid rating disengagement

Net profit rose 19% to reach a record $1.15 billion in 2025

Total assets expanded by 21% to $48.5 billion, fueled by trade lending

Afreximbank terminated Fitch relationship following a "junk" rating downgrade and methodological dispute

Asset quality remains resilient with a stable non-performing loan ratio of 2.43%

Afreximbank profit surges 19% to $1.2 billion amid rating disengagement

Net profit rose 19% to reach a record $1.15 billion in 2025

Total assets expanded by 21% to $48.5 billion, fueled by trade lending

Afreximbank terminated Fitch relationship following a "junk" rating downgrade and methodological dispute

Asset quality remains resilient with a stable non-performing loan ratio of 2.43%

Economy

Uganda appoints Citibank to lead financing for €2.7 billion rail project

Politics

Malema sentenced to five years in prison over firearm conviction

Finance

Nigeria central bank mops up ₦4.48 trillion in aggressive two-session liquidity tightening

Economy

Nigeria’s Inflation rate hits 15.38% in March amid rising consumer costs

Economy

Nigeria’s economic chiefs meet World Bank president to bolster reform support

Economy

Nigeria’s public debt hits N159.28 trillion in Q4 2025 DMO

Economy

Kenya raises fuel price by 24% as Middle East Conflict enters 46th day

Finance

Nigeria Central Bank mandates mediation to boost lending and decongest courts

Beyond the Red Carpet: The UK State Visit is an Investment in Nigeria’s Future

24 March 2026

South Africa to scrap its prime lending rate with central bank policy rate

18 February 2026

Nigeria Industrial Giant BUA Partners Abu Dhabi’s AD Ports to Revolutionize West African Logistics

17 February 2026

Nigerian Breweries Swings Back to Profitability in 2025 After 2 years losing streak

13 February 2026

AU Summit: Nigeria Secures Permanent Seat on African Central Bank Board

13 February 2026

Nigerian Naira anchors as foreign reserves hit 8-year peak of $47b

10 February 2026

Economy

Nigeria seeks global support amid energy shocks at 2026 spring meetings

Economy

Nigeria’s oil company remits record N1.8tn to federation account following policy shift

Economy

Moody’s revises Ghana’s outlook to positive as fiscal recovery gains momentum

Business

Manufacturing leads Nigeria’s N9.21 trillion corporate tax surge in 2025

Economy

South African manufacturing slumps 2.8% as industrial contraction deepens

Economy

Middle East aftershocks: World Bank slashes Africa growth forecast as Iran war blunts recovery

Economy

Kenya central bank ends 22nd-month easing streak as 40-day Iran war sends oil shocks to Nairobi

Economy

World Bank: Nigeria’s growth stays on track despite Iran War and price hikes

Business

WTO Faces “Disorderly Collapse” as Reform Deadline Looms in Cameroon

Business

Nigeria scraps FX limits, grants oil firms 100% access to export proceeds

Business

Kenya Airways reverses profit with 17.93 billion Shilling pre-tax loss in 2025

Business

Nigeria Launches Digital Portal to Slash Port Delays by 60%

Business

Nigeria’s stock regulator issues 6-Week ultimatum for broker recapitalization plans

Business

Ghana’s central bank eases policy rate to 4-year low on favorable macro conditions

Business

Nigerian businesses signal resilient optimism amid high operational costs

Business

World Bank bans PwC Rwanda, regional affiliates for 21 months over fraud

Book Review

The Oil Curse: How Petroleum Wealth Shapes the Development of Nations

Book Review

Reforming the Unreformable – Lessons from Nigeria

Book Review

Why Growth Matters – How Economic Growth in India reduced poverty and the lessons for other developing countries

Book Review

Cobalt Red – How the blood of the Congo Powers Our Lives

Book Review

Rule Breaker: Rebellious Leadership for the Future of Work

Book Review

Collapse and Recovery: How the Covid – 19 pandemic eroded human capital and what to do about it.