Ethiopia
China’s Africa investment surge shifts the contest from capital to value
Africa’s pipeline is expanding rapidly at a time when officially measured Chinese investment across the wider BRI is declining.
Chinese BRI investment announcements in Africa rise 254% y/y in H1 to record $33.5bn
Africa’s surge in Belt and Road Initiative (BRI) investment was driven by several unusually large renewables, green ammonia, metals-processing and manufacturing projects, particularly in Ethiopia and Egypt.
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World Bank backs Eastern Africa power grid integration with $1.6bn programme
The World Bank Group has approved a $1.6bn financing package for the RETRADE-EA, a 10-year initiative aimed at expanding cross-border electricity trade in east Africa and strengthening regional grid integration.
World Bank, AfDB joint initiative Mission 300 connects 50mn people amid African electrification drive
Mission 300 has connected more than 50mn people to electricity across 40 African countries since its launch in 2024, marking a key milestone towards its target of reaching 300mn people by 2030.
World Bank cuts Sub-Saharan Africa growth forecast as energy shock bites
The World Bank warns that higher energy costs and weaker external demand stemming from the Middle East conflict are outweighing the benefits of structural reforms, stronger commodities prices
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.