Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today announced that its Board has approved a commitment of up to US$100 million to invest in Africa-focused technology fund managers.

The South African Rand (ZARUSD) traded in a range against Western currencies on Tuesday, ahead of the April inflation rate figure due for release.

Without peace in the Middle East, global markets have struggled to sustain an uptrend amid geopolitical instability, which has dampened investor sentiment.

Oil prices declined on Tuesday after President Donald Trump announced that he postponed a military strike against Iran after direct appeals from the leaders of Qatar, Saudi Arabia, and the United Arab Emirates.

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Sectoral rotation in the Nigerian Exchange (NGX) trading platform plunged the local bourse’s key performance indicators lower on Monday.

Nigeria’s headline inflation rate edged higher to 15.69% in April 2026 from 15.38% recorded in March, according to the latest data released by the National Bureau of Statistics, marking the highest inflation reading in five months despite remaining significantly below the 26.82% level recorded in April 2025.

Bitcoin (BTC) price declined to $76,179.93, underperforming a broadly weaker market, primarily due to a sharp reversal in institutional demand for exchange-traded funds (ETFs).