Africa
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Zimbabwe: Gov’t warns stubborn housing cooperatives
HARARE, February 4, 2026 —The Government of Zimbabwe has warned housing cooperatives that are flouting governance rules, saying mandatory annual audits, elections and general meetings are non-negotiable for their legitimacy and survival.…
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Ethiopia bondholders plan lawsuit as US$ 1bln debt row escalates
ADDIS ABABA, February 3, 2026 — Private-sector investors are preparing legal action against Ethiopia over its US$ 1 billion Eurobond default, after official creditors—led by China and France—blocked a restructuring deal that…
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Regional weatherman warns of heavier rainfall in the months ahead
KAMPALA, February 2, 2026 — The regional body responsible for weather monitoring in Eastern Africa has warned that the region is likely to experience wetter-than-normal conditions from February through to May 2026.…
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S&P assigns ‘A/A-1’ ratings with a positive outlook to AFC reflecting its robust credit profile
KAMPALA, February 1, 2026 — Africa Finance Corporation [AFC], the continent’s leading infrastructure solutions provider, today welcomed the assignment of ‘A’ long-term and ‘A-1’ short-term issuer credit ratings, with a Positive Outlook,…
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AfDB approves new programme to Help African countries turn energy promises into power for millions
ABIDJAN, January 31, 2026 — The Board of Directors of the African Development Bank [AfDB] has approved a new US$ 3.9 million, two-year technical assistance project to support African countries in the implementation of their…
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Afreximbank bolsters Angola’s energy sector with a US$ 1.75bln facility for national oil company
CAIRO, January 29, 2026 — African Export-Import Bank [Afreximbank], working with other mandated lead arrangers, has successfully closed a US$ 1.75 billion syndicated receivables purchase facility for Sonangol, Angola’s national oil company.…
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Uganda ranks third in Africa Financial Markets Index
KAMPALA, January 28, 2026 — Uganda has retained third place in the 2025 Absa Africa Financial Markets Index [AFMI], reflecting continued progress in macroeconomic stability and market transparency. The AFMI assessed 28…
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AfDB approves US$ 16.5mln loan to boost Kenya’s clean energy transition
NAIROBI, January 26, 2026 — TheAfrican Development Bank Group [AfDB] has approved a loan of US$ 16.5 million to support the development of the 35 MW OrPower Twenty-Two [OTTL] Geothermal Power Plant,…
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Africa’s gas monetisation opportunity: Balancing exports and domestic demand
CAPE TOWN, January 25, 2026— Africa’s natural gas potential is undeniably significant, with the continent ranking second globally in terms of discovered but undeveloped gas resources. According to the African Energy Chamber’s…
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Afreximbank terminates its credit rating relationship with Fitch Ratigs
KAMPALA, January 24, 2026 — African Export-Import Bank [ Afreximbank ] has today officially terminated its credit rating relationship with Fitch Ratings. This decision follows a review of the relationship, and its…
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