Africa: Ethiopia’s Financing Framework Puts Private Capital in Focus.

Africa: Ethiopia’s Financing Framework Puts Private Capital in Focus.

We read a concise report on Africa as communicated by Stears

Key Event: Ethiopia plans to seek an indicative $13.4 billion in International Development Association financing between 2027 and 2036 under a proposed World Bank country partnership framework. The framework also targets $10.9 billion in private capital mobilisation, creating a potential combined financing envelope of $24.3 billion.

By Stears

Other Country Highlights: Egypt’s urban inflation accelerated to 14.9% in July, while core inflation reached 14.7%. The country also brought the final phase of its 1.1 GW Obelisk solar project into commercial operation.

South Africa’s unemployment rate rose to 33.6% in Q2 from 32.7%, while manufacturing output fell 1.7% and mining production declined 4.0% year on year in June. Traxtion also outlined ZAR3.4 billion ($208 million) for 46 locomotives and 920 wagons. Tunisia recorded 2.3% year-on-year Q2 GDP growth as its trade deficit widened to TND14.96 billion ($5.11 billion).

Weekly currency update: Ghana’s cedi appreciated 7.41% to GHS10.96/$, while the Seychelles rupee depreciated 3.90% to SCR15.16/$. The Congolese franc weakened 2.41% to CDF2,316.65/$, and the South African rand appreciated 0.91% to ZAR16.17/$.