
AfricaWorks Insights
May 27, 2025 at 02:29 PM
📈 Pepkor saw a 12.4% rise in earnings and 12.8% revenue growth in H1, driven by strong retail, 17% growth in handset sales, and a 34.5% surge in fintech revenue. 🛍️📱FinTech and cellular units are booming, now powering 8 out of 10 prepaid handset sales in SA, while brands like PEP and Ackermans continue to gain market share. 🇿🇦🚀 The group plans to open up to 300 new stores in 2025, banking on lower inflation, easing load shedding, and rising consumer relief.
💸 The African Development Bank's capital soared by 241.9%, growing from $93B in 2015 to $318B in 2025, under President Adesina’s leadership. 🌍 As he exits after a decade of impact, reaching 500M+ Africans, a new leader will be elected at the 2025 Annual Meetings in Abidjan, with 5 candidates vying to shape the Bank’s next chapter. 🔁👥
🌍 Blockchain.com is expanding into Ghana, Kenya, and South Africa, with plans to open a physical office in Nigeria by Q2 2025, marking it the first foreign crypto firm to do so. 🇳🇬 With Africa’s crypto market projected to hit $2.9B in 2025, this move underscores growing regulatory clarity and foreign confidence in Africa’s digital asset future. 🪙
📈 Ghana’s exports hit $9.33B in April 2025, driven by gold ($5.24B) and cocoa (€1.84B), boosting the trade surplus to $4.14B (4.7% of GDP) 🌍. Gold surged on rising global prices, while strong exports lifted reserves to $10.67B, enough for 4.7 months of imports, though risks from global shocks remain. 🌐

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