AGP Executive Report
Last update: 4 hours agoGuinea’s Investment Push: Guinea is promoting its 15-year Simandou 2040 programme, centred on sustainable development and major infrastructure, including a planned 650-kilometre railway. Borrowing Costs: The UN says African countries lose an estimated $74.5 billion a year through credit ratings that can inflate borrowing costs; a new Africa-focused agency aims to offer assessments grounded in local conditions. Great Green Wall: A $78 million UN-backed programme will restore more than 270,000 hectares across nine countries and support livelihoods for five million people. Growth Outlook: The World Bank expects sub-Saharan Africa’s growth to reach 4.3% in 2026, but warns that global tensions, high financing costs and climate shocks threaten gains; Kenya’s forecast is also 4.3%. Ethiopia’s Cabinet: Prime Minister Abiy Ahmed appointed Fitsum Assefa Adela as finance minister as the country restructures debt and opens its economy to more private investment.
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