Africa has the most profitable banking sector in the world and its massive unbanked population is creating enormous opportunities for incumbent banks and fintech companies alike.
Saudi Arabia is hosting its first ever Africa Summit, underscoring Crown Prince Mohammed bin Salman's (MbS) growing focus on African affairs.
China has forged deep economic ties with countries in sub-Saharan Africa over the past 20 years, making it the region's largest single country trading partner so China's economic slowdown will hurt Africa.
Moody’s, which rates Kenyan debt ‘B3’, cut its outlook to negative, as Nairobi will face 'substantial' debt-service costs even after redeeming notes. S&P, which also has a negative outlook on the credit, will release an update on Aug 25.
Russia and Africa can work together to protect national sovereignty and put an end to colonialism, Russian President Vladimir Putin told African delegates at the 2023 Africa-Russia summit in St. Petersburg.