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…
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 investme…
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 A…
