Angola's kwanza credit to economy rises 11.9% in September
Analysis$8.3bnThursday 29 October 2026
Kwanza-denominated credit to the economy reached about $8.3 billion (Kz7.6trn) in September, up 11.9 percent from a year earlier, according to central bank data. Gross credit to the non-financial sector rose 12.2 percent to about $10 billion (Kz9.5trn), with the private sector taking 85 percent of it.
Steady credit growth to private borrowers is a useful monthly read on lending momentum in Angola's banking sector.
MTN Ghana and its separately incorporated Mobile Money Fintech Limited posted a combined profit after tax of about $670 million (GH₵7.75bn) for the nine months to September 2026, up 43 percent. The results cover the telco and its mobile money business, which became a separate company in March 2026.
Zenith Bank reported a nine-month profit before tax of about $690 million (N929bn), up 1.24 percent from the same period of 2025. Gross earnings fell 15 percent to about $2.1 billion (N2.87trn), while impairment charges dropped sharply.
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.
Nigeria-focused fintech OPay sold 16 million American depositary shares at $19 each, raising $300 million and valuing the company at about $4 billion. It rang the NYSE opening bell, but ThisDay reports that trading was temporarily held over an outstanding regulatory clarification in a foreign jurisdiction.
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.
