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.
Ethiopia's draft foreign portfolio investment regulation was debated at a public consultation in Addis Ababa on 26 October 2026. The draft sets out various terms for foreign investment in Ethiopia's new capital market but caps foreign ownership in portfolio investments at 15%, raising concerns over capital repatriation and the readiness of local financial institutions.
The MNT-Halan board raised issued capital from about $2.9 million (E£160m) to about $3.2 million (E£176m) by issuing 163.265 million shares at the IPO price of about $0.44 (E£24.5). The decision follows the October 20 EGX listing, in which the parent sold a 20 percent stake.
The Central Bank of Egypt has issued a circular requiring banks to obtain its prior approval before amending investment policies of affiliated investment funds where the change alters the fund's nature. The rule applies to banks operating in the domestic market and was also flagged on the CBE's own search pages.
Banque du Caire will begin trading on the Egyptian Exchange under the ticker BQDC on November 2. The listing follows completion of its public and private offerings on October 29.
The Competition Authority of Kenya approved Credinvest's proposed acquisition of 100 per cent of Rafiki Microfinance Bank, per a Gazette notice under Section 46(6) of the Competition Act. The clearance is a regulatory step before the deal can complete.
MNT Investments BV subscribed to 163.27 million new shares at the EGP 24.50 offer price, and the about $71 million (E£4bn) increase is fully paid. Half of the IPO proceeds are now back inside the listed company.
The Bank of Industry has secured more than €2.22 billion and N250 billion in new funding from transactions concluded between 2024 and 2026. The development lender says the funds will help close Nigeria's industrial financing gap.
UBA says it is the first to enable Google Pay for eligible Visa and Mastercard users. The move extends mobile wallet payments to its eligible card holders.
CBN monetary statistics show net credit to government reached about $29 billion (N39.4trn) in September 2026, up 63.1% year on year. Private-sector credit rose 15.7% to about $62 billion (N83.9trn) over the same period.
Kacha Digital Financial Service has signed a five-year agreement with Mastercard to issue payment cards directly to its customers. The deal also enables card-issuing services for eligible financial institutions across the country.
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.
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.
