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Ethiopia reached a preliminary deal to restructure $1 billion in defaulted Eurobonds, exchanging them for new bonds with reduced principal and adjusted terms.

Afreximbank commits $125 million to Spiro to boost Africa's local electric vehicle battery design, assembly, and manufacturing.

Visa projects 2.4% global economic growth in 2026, driven by AI, digital commerce, and supply chain changes, per its latest economic report.

Standard Chartered plans to focus on debt sales to mid-sized African companies, shifting capital from consumer to corporate banking in 2024.

The Central Bank of Nigeria revoked the licenses of 46 microfinance banks for regulatory breaches, effective July 1, 2026.

Ghana's inflation rate rose to 5.3% in June 2026, marking the third consecutive monthly increase due to a 0.2% rise in the Consumer Price Index.

Cocoa prices dropped as Nigerian exports surged 28% in May to 18,034 metric tons, increasing global supply and triggering futures sell-off.

Ghana faces a potential nationwide shortage of HIV testing kits by end of July due to funding delays and procurement issues.

The Nigerian naira stabilized against the U.S. dollar after the Central Bank's FX market reforms narrowed rate gaps and boosted investor confidence.

The AfDB approved a $20M trade finance guarantee for Access Bank Zambia to support SMEs in cross-border trade over five years.