African markets and business updates

FCMB Group Plc reported a profit before tax of N202.100 billion for the year ended 31 December 2025, according to its audited financial statements just released.

The Africa Centres for Disease Control and Prevention (Africa CDC) ( www.AfricaCDC.org ) and the World Health Organization (WHO) today launched a joint continental preparedness and response plan on the ongoing Ebola outbreak caused by the Bundibugyo virus. The plan aims to raise US$ 518 million to support African countries together with partners to prepare for, rapidly detect and respond to the outbreak. The six-month plan, covering June to November 2026, brings together governments…

The commission said the M-SIDP programme, which aims to foster safety and sustainability mechanisms for the ecosystem and technology, is structured around governance, research and development.

In commemoration of World Environment Day 2026, the UBA Foundation, the Corporate Social Responsibility arm of United Bank for Africa (UBA) Group, has reinforced its commitment to environmental sustainability through a tree-planting exercise at two of Lagos’ most iconic educational institutions – King’s College, Lagos, and CMS Grammar School, Bariga. The exercise marks the commencement […]

The Executive Secretary of the West Africa Telecommunications Regulators Assembly (WATRA), Aliyu Yusuf Aboki, has urged Nigeria to build on the gains of its telecommunications reforms by focusing on economy-wide digital transformation as the next phase of development.

Payaza Africa Limited has secured upgraded credit ratings from four...

The Group Managing Director of Zedcrest, parent company of Zedvance, Adedayo Amzat, has announced a strategic shift in the firm’s asset deployment, committing 100 per cent of its active loan portfolio to small and medium enterprises and critical ecosystem enablers. This is in a major move to address the financing constraints plaguing Nigeria’s mid-market enterprises. […]

The Catholic Bishops of Africa have received with profound shock, sorrow, and indignation the news of the violent killing of Bishop Osório Afonso in his episcopal residence in Quelimane, Mozambique. This heinous act, perpetrated against a shepherd of God’s people, constitutes not only an attack on the life and dignity of a devoted servant of the Gospel but also an assault on the values of peace, justice, human dignity, and religious freedom that are essential for the flourishing of every society.…

Blnk , an Egyptian fintech that enables consumers to request loans during point-of-sale (PoS) checkouts, has raised $37.1 million in equity and debt financing to expand its lending to consumers with little or no formal access to credit. The raise includes a $12.5 million Series A equity round led by Algebra Ventures, with participation from SANAD Fund for MSME, Endeavor Catalyst, and existing investor Emirates International Investment Company. Blnk also secured $24.…

This is Follow the Money , our weekly series that unpacks the earnings, business, and scaling strategies of African fintechs, financial institutions, companies, and governments. A new edition drops every Monday. Deposits at the Kenyan subsidiaries of three of Nigeria’s biggest banks have more than doubled over the past five years, signalling growing customer uptake as the lenders expand their East African footprint through acquisitions and organic growth.…