The coronavirus crisis is expected to drive a 3.3% contraction in sub-Saharan African economies in 2020 and could push 40 million people into extreme poverty, the World Bank said on Thursday.

The African Development Bank Group (www.AfDB.org) Board of Directors has approved a $10 million trade finance transaction guarantee facility for Exim Bank Tanzania Limited to unlock and de-risk trade ...

Tyme Group, a South African fintech, has secured $250 million in a Series D round, pushing its valuation to $1.5 billion. The funding was led by Nu Holdings, which owns Latin America’s most valuable ...

South Africa's state-owned Land Bank could get another bailout this year, after the National Treasury told Reuters it was considering the bank's application for a 7 billion rand ($463 million) equity ...

The Bank warns that costly new loans could heighten default risks and undermine ...

Youth revolts from Morocco to Madagascar highlight public-service shortfalls on the continent, as the IMF and World Bank hold ...

David Hodnett officially steps into the role of CEO at Standard Bank of South Africa, following a distinguished career in the ...

Sub-Saharan Africa has shown significant growth in financial inclusion over the past decade, much of it driven by mobile money account adoption. The region continues to work on promoting more overall ...

African Bank Holdings Ltd., the lender rescued by the South African government almost a decade ago, plans a pre-sale by March as it gears up for a full initial public offering in 2025. The pre-IPO ...