ILLICIT FINANCIAL FLOWS ARE DERAILING AFRICA’S FUTURE

The challenge of illicit financial flows (IFF) continues to undermine the future of Africa. This concerning issue hampers our ability to adequately fund education, healthcare, and critical development projects that are essential for lifting our people out of poverty and fostering sustainable economic growth. As business leaders, politicians, academics, and citizens, we cannot sit back….

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RETAIL SALES SURGE IN APRIL

Consumer spending began 2Q25 on a strong note, with retail sales rising by 5.1% y/y in April—up from a revised 1.2% in March (previously 1.5%), and significantly above market expectations of a 3.1% increase. On a monthly basis, retail volumes rebounded by 0.9%, following a 0.3% decline in March. Despite April’s strong performance, retail activity…

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STANDARD BANK LAUNCHES SOUTHERN AFRICA’S FIRST SHARI’AH-COMPLIANT OVERDRAFT

Africa’s biggest lender, Standard Bank, has launched the first-ever Shari’ah-compliant overdraft facility in Southern Africa, marking a transformative milestone for Islamic Finance on the continent. Designed to empower business owners with more Shari’ah-compliant solutions, the product adds to a long list of Standard Bank’s innovative solutions to meet the unique needs of Africa’s growing demand…

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