Ethiopia
AFC commits $600mn to back $7bn Dangote fertiliser expansion in Nigeria and Ethiopia
Dangote Group aims to triple urea production capacity in Nigeria to 9mn tonnes per year and build a new 3mn-tonne plant in Ethiopia.
Ethiopia grants first foreign investment banking licence to Nigeria's United Capital
Nigeria's United Capital Plc (NGX: UCAP) is the first foreign institution to secure an investment banking licence in Ethiopia, a milestone in the country's capital market liberalisation programme.
China’s BYD captures 35% of Africa EV market, as latecomer rival Tesla bets on Morocco
Chinese EV giant BYD upped its market share from just 4% in 2023 as electric vehicle sales on the continent accelerated. Tesla is betting on Morocco, Africa’s leading EV manufacturing hub.
Chinese mining giant Zijin wins Canadian approval for $4bn takeover of Africa-focused Allied Gold
Allied Gold operates producing gold assets and development projects across Côte d’Ivoire, Mali and Ethiopia
Argentina is the IMF biggest debtor followed by Ukraine
Argentina remains by far the largest debtor to the International Monetary Fund, underscoring the depth of its long-running financial crisis and its dependence on multilateral support.
Developing countries skip landlines and go straight to mobile phones - OWID
The concept of “leapfrogging” is popular in development. It suggests that, as they develop, lower-income countries can skip intermediate technologies or systems and go straight to the modern equivalent, Our World in Data (OWID) reports.
Ethiopia secures $13.1bn in deals led by $10bn Ming Yang investment into green ammonia project
Ethiopia has signed investment agreements and MoUs worth $13.1bn, including a $10bn planned investment by a Chinese company in green ammonia production and electrical equipment manufacturing projects.
Africa’s ports and airlines gain as Red Sea crisis reshapes global trade routes
Some African economies are winners from the Iran war. From Kenya to Nigeria, they are registering sharp gains in trade, aviation and energy revenues as the conflict between the US, Israel and Iran disrupts traditional shipping.
African food security threats spike as Iran war strangles fertiliser supplies, prices soar
Disruptions to fertiliser exports via the Strait of Hormuz have pushed urea prices above $700/MT, raising the risk of food inflation – and hunger – across Africa, where application rates are far below global norms.
African food security threats spike as Iran war strangles fertiliser supplies, prices soar
Disruptions to fertiliser exports via the Strait of Hormuz have pushed urea prices above $700/MT, raising the risk of food inflation – and hunger – across Africa, where application rates are far below global norms.