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Nigeria's Securities and Exchange Commission says banks raised 2.2 trillion naira from the capital market in 2024 to meet the Central Bank of Nigeria’s new recapitalization requirements. 

Recapitalisation: Banks raised ₦2.2trn from capital market in 2024

Mansa has closed its 10-million-dollar funding round as it seeks to address liquidity challenges facing global payment companies in cross-border payments. Mouloukou Sanoh, CEO and Co-Founder of MANSA, joins CNBC Africa for this discussion.


Mansa raises $10mn to tackle cross-border payment hitches 

The United Nations says record inflation, climate shocks and on-going conflicts are projected to push the number of food insecure Nigerians to 33 million in 2025. 

WFP: 33 Million Nigerians will face food insecurity by August 2025

Nigeria is urging China to remove trade tariff in extension to the gesture given to 33 other African countries, stating that the move will deepen economic cooperation and boost trade in areas critical to Nigeria’s development goals. 

China-Africa tariff exemptions: Why is Nigeria excluded? 

The Director-General of South Africa's National Treasury, Duncan Pieterse delivered the official opening remarks for the G20 Finance Central Bank and Deputies Meeting currently underway in Cape Town. 

Cape Town hosts G20 Finance Central Bank & Deputies Meeting

Sasol has reported a 31 per cent decline in its headline earnings per share for the 6-months to December 2024 - largely due to further write-downs of its Secunda and Sasolburg facilities. 

Sasol skips H1 dividend on lower demand 

Raenest, a platform offering multi-currency accounts for African businesses and individuals, has raised $11 million in funding, boosting investor confidence in Africa’s fintech sector. 

Raenest raises $11mn in funding to expand global multi-currency accounts platform

As Africa seeks industrial growth, the U.S. has an opportunity to deepen economic ties through regional value chains.

Strengthening U.S.-Africa economic partnerships in regional value chain development 

The ride-hailing sector is a vital SME employer and a significant economic contributor across Africa. While taxi-hailing apps have transformed transportation, safety concerns for both drivers and riders remain a major challenge. 

Bolt's strategy on business and safety in Africa's ride-hailing sector

World Trade Organisation Director General Ngozi Okonjo-Iweala says ``cool heads'' are required to deal with the tariffs that U.S. 

Okonjo-Iweala: Let’s all calm down

Big tech’s grip on the market is showing cracks as earnings fell flat with the Magnificent 7 earnings reports having had muted stock reactions. 

U.S tech valuations: Overcooked or underdone?

Mining companies dominated local headlines this week. The world’s biggest miners were hurt by China’s economic struggles. 

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