Five African countries among highest IMF borrowers

Standard Bank Becomes The First Bank On The Continent Authorised To Clear Renminbi Transactions

Standard Bank, the biggest bank in Africa by assets, and the Industrial and Commercial Bank of China Limited (ICBC) have been jointly authorised by the People’s Bank of China (PBoC) to clear Renminbi (RMB) in Africa. Standard Bank is the first African based bank to receive this authorisation. In November 2025, the bank also became []

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

Libya Records Africa’s Highest Foreign Exchange Reserves

Libya ranked first among African countries in foreign exchange reserves at the end of 2025, according to the African Trade Report 2026 published by the African Export-Import Bank (Afreximbank). The report showed that Libya’s foreign exchange reserves reached 87.9 billion, the highest level on the continent. The figure represents around 17 of Africa’s total foreign [] The post Libya Records Africa’s Highest Foreign Exchange Reserves appeared first on LibyaReview.

Morocco among Africa's top three hubs for ultra-wealthy individuals, report says

Africa's largest concentrations of ultra-high-net-worth individuals are found in just three countries — South Africa, Egypt and Morocco, according to The Wealth Report 2026 published by international real estate consultancy Knight Frank. The report found that South Africa remains the continent's leading wealth hub, with 1,347 individuals holding net assets exceeding 30 million, placing the ...

For every ₦1 Nigerian banks lent consumers, corporates got ₦10 

Four of Nigeria’s biggest banks held 89.94 trillion (65.63 billion) in customer deposits in 2025. Much of that money came from the millions of retail customers who save, transact, and bank with them every day.