Central Bank of Libya governor Naji Issa replaced by interim Fawzi Abukhzam
Appointment · completedThursday 22 October 2026
Libya's House of Representatives accepted the resignation of central bank governor Naji Issa and appointed Fawzi Abukhzam to act as governor. Abukhzam assumed office on 22 October, and the High Council of State backed the appointment while the UN mission called for the bank's independence.
A change of governor at Libya's central bank during an open leadership dispute raises questions about the bank's independence and its policy direction.
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.
