SA government says it is counting on renewable energy to significantly lower the country’s soaring electricity costs

Kenya’s central bank kept its benchmark lending rate at 8.75%

The International Monetary Fund (IMF) has approved a new 38-month programme for Rwanda under the Extended Credit Facility, providing access to about $250 million equivalent (SDR 185 million) to help the country navigate tighter global financing conditions and sustain economic growth.

The African Development Bank (AfDB) Group has approved approximately $111 million (€103.14 million) in financing for Côte d’Ivoire to expand electricity access and strengthen power infrastructure, with a focus on rural and underserved communities.

The World Bank Group and the Government of South Sudan have launched a new Urbanisation Review urging urgent and coordinated action to manage rapid urban growth and turn it into a driver of recovery, resilience and inclusive development.