United Bank for Africa experienced a 20.2% rise in pre-tax profit, reaching 603.48 billion naira (about $422 million) in the first nine months of 2024. This growth was driven by strong interest income ...

In its latest report, the Mo Ibrahim Foundation reviewed governance trends in Africa from 2014 to 2023. A total of 33 countries improved, while 21 saw declines. The foundation emphasized the need for ...

In Senegal, SMEs make up 98% of the economy, yet they only access 9% of available credit, largely due to the banking sector's reluctance to lend. The African Guarantee Fund West Africa (AGF WA) has ...

Sub-Saharan Africa continues to capture investor interest, especially in mining, energy, and tech. The region’s natural resources, growing population, and digital shift fuel M&A activity, with more ...

African countries need to reform their tax systems, which currently average around 17% of GDP, according to UNECA. Key priorities include broadening the tax base and integrating the informal sector.

After focusing on North Africa since its launch in 2010, the Egyptian VC firm plans to gradually expand its operations into sub-Saharan Africa, starting with Kenya and some West African countries.