Ethiopia: Fitch Ratings has upgraded Ethiopia’s local currency issuer default rating to ‘CCC+’ from ‘CCC-‘, driven by easing financial pressures and improved macroeconomic stability. According to Africa News Agency, the upgrade is driven by reforms by the National Bank of Ethiopia, including the adoption of a market-based exchange rate, facilitating greater economic transparency and increasing the availability of foreign exchange

Zimbabwe: On 30 October, the Government of Zimbabwe and the European Union signed four financial agreements totaling £75 million to support the country’s development. The agreements aim to facilitate a green transition by bolstering agricultural value chains, renewable energy initiatives, biodiversity conservation, and community resilience. Additionally, the agreements focus on enhancing transparency, promoting gender equality, and economically empowering women and

Morocco: Acwa Power and Gotion Power Morocco have signed an agreement to develop a 500 MW wind power plant and a 2,000 MWh storage system, supplying the Gotion electric vehicle battery plant, operational in 2026. This project, with an initial investment of $800 million, is part of Morocco’s energy transition strategy. According to Africa News Agency, the collaboration between Acwa

Riyadh: At the New Africa Summit held in Saudi Arabia, the Kingdom unveiled plans to invest $45 billion in sub-Saharan Africa over the next five years. This significant financial commitment is spearheaded by Minister of Finance Mohammed bin Abdullah Al-Jadaan. The initiative is set to focus on transforming infrastructure, energy, and innovation sectors, with the goal of fostering stronger connections

Tangier: On the occasion of the release of ‘Drawing from Above’, a collective work published by the association Je m’engage pour l’Afrique, Iliass Tanouti, aerospace engineer and vice-president at Constellr, shares his vision of the African space industry as a catalyst for sustainable development. Born in Tangier in 1997, Iliass Tanouti is a pioneer in the African space industry. With

Ethiopia: Fitch Ratings has upgraded Ethiopia’s local currency issuer default rating to ‘CCC+’ from ‘CCC-‘, driven by easing financial pressures and improved macroeconomic stability. According to Africa News Agency, the upgrade is driven by reforms by the National Bank of Ethiopia, including the adoption of a market-based exchange rate, facilitating greater economic transparency and increasing the availability of foreign exchange

Zimbabwe: On 30 October, the Government of Zimbabwe and the European Union signed four financial agreements totaling £75 million to support the country’s development. The agreements aim to facilitate a green transition by bolstering agricultural value chains, renewable energy initiatives, biodiversity conservation, and community resilience. Additionally, the agreements focus on enhancing transparency, promoting gender equality, and economically empowering women and

Morocco: Acwa Power and Gotion Power Morocco have signed an agreement to develop a 500 MW wind power plant and a 2,000 MWh storage system, supplying the Gotion electric vehicle battery plant, operational in 2026. This project, with an initial investment of $800 million, is part of Morocco’s energy transition strategy. According to Africa News Agency, the collaboration between Acwa

Riyadh: At the New Africa Summit held in Saudi Arabia, the Kingdom unveiled plans to invest $45 billion in sub-Saharan Africa over the next five years. This significant financial commitment is spearheaded by Minister of Finance Mohammed bin Abdullah Al-Jadaan. The initiative is set to focus on transforming infrastructure, energy, and innovation sectors, with the goal of fostering stronger connections

Tangier: On the occasion of the release of ‘Drawing from Above’, a collective work published by the association Je m’engage pour l’Afrique, Iliass Tanouti, aerospace engineer and vice-president at Constellr, shares his vision of the African space industry as a catalyst for sustainable development. Born in Tangier in 1997, Iliass Tanouti is a pioneer in the African space industry. With