The African Development Bank announced it successfully completed its first dirham-denominated bond, worth about $100 million (MAD 1bn), as a private placement with qualified investors. The issue lets the institution diversify its Moroccan funding, which has mainly been in euros and dollars.
The African Development Bank issued a about $250 million (HKD 2bn) five-year social bond due 2031 on 28 October. It is the institution's second public Hong Kong dollar Wonton transaction.
Afreximbank is raising a $1 billion syndicated loan that includes a tranche denominated in yuan, according to a paywalled report. The deal diversifies the bank's funding sources beyond dollar and euro markets.
The African Development Bank launched a HKD 2 billion five-year social bond due November 2031. The issue is a social bond placed in Hong Kong's market.
Afreximbank, as sole lender, has disbursed $980 million to part-finance the management buyout of Oryx Energies SA, the holding company of Addax Energy. The deal brings Oryx under majority African ownership for the first time.
Flutterwave is moving its next growth strategy from digital payments to banking to pursue higher-margin growth across key African markets. The fintech, valued at $3 billion, has been a payments company for ten years.
Ecobank cancelled an October 26 shareholder meeting that was to consider removing several board members, following instructions from its banking regulator. The move follows reported tensions over the chairman's leadership and conflict-of-interest allegations.
Ecobank Group reported profit before tax of $740 million for the nine months to September 2026, up 12% on a year earlier. Net revenue rose 12% to about $2 billion despite inflation, FX volatility and slower activity in parts of Africa.
Africa Finance Corporation and Munich Re have signed a $1 billion risk-sharing programme covering AFC's trade finance lending to African banks. The first phase covers 38 financial institutions in 11 African countries.
Afreximbank's net income rose 24% to $810 million in the nine months to September 2026, while net loans and advances grew 8% to $36 billion. Shareholders' funds reached $9 billion, supported by retained profits and $200 million of new equity.
The African Development Bank raised $2.5 billion through a three-year benchmark bond priced on 21 October, with a 4.875% coupon and orders of $4.8 billion. Settlement is scheduled for 2 November 2026.
The African Development Bank raised $2.5 billion through a three-year global benchmark bond priced on October 21, 2026, maturing January 2030 at a 4.875% fixed coupon. Investor orders reached $4.8 billion, nearly twice the amount issued.
The African Development Bank and UK Export Finance signed an agreement on 21 October to co-finance projects in Africa. The partnership pairs multilateral and export-credit capital.
JPMorgan's Payments Outlook for the Middle East and Africa projects a $1.5 trillion digital payments economy in Africa by 2030, with 64 billion-plus annual instant payments. It also estimates 13x growth in fintech sector revenues between 2021 and 2030.
