The Central Bank of West African States (BCEAO) left its key policy rates steady, saying inflation is projected to be in line with the target in the horizon of 24 months while economic activity is continuing at a "robust pace."

Barclays Plc recently received more than a 100 bids when it sought to sell a 12.2 per cent stake in Barclays Africa Group Limited (BAGL) that owns Barclays Kenya, David Hodnett, a deputy CEO at the unit said in an interview.

African import-export bank Afreximbank has announced in a statement that it has, on May 17, 2016, in London, raised $750 million after issuing a Eurobond. The 5-year bond has a 4% interest rate.

African economies should grow, in average, by 3.7% in 2016 before climbing to 4.5% in 2017, as resilient private consumption and investment offsets the effect of a slump in commodity prices and global headwinds, the African Development bank (AfDB) said on May 23, 2016 in a report.