 Business & Macro🇬🇭 The IMF approved the release of $385 million to Ghana after its latest review of its $3 billion program that began in 2023, bringing total disbursements to $2.8 billion. 🇿🇦 South African group Nedbank said its earnings per share, a key profitability measure, will drop by at least 20% for the year to December after completing its divestment from Ecobank. Climate & Energy🇿🇦 South Africa awarded deals for solar energy projects to produce 890 megawatts of electricity to four companies, with the total cost of the projects at nearly $1 billion. Geopolitics & Policy🇬🇭 Ghana’s parliament revised the central bank’s ability to exceed a lending cap tied to 5% of the previous year’s revenues, mandating that only force majeure events can be exemptions to the rule. 🇳🇬 🇧🇫 Nearly a dozen Nigerian Air Force officers detained by Burkina Faso after their aircraft made an emergency landing in Burkina Faso’s second-largest city were released after “sustained dialogue,” Nigeria’s foreign minister said. Tech & Deals🇿🇦 FinDev Canada, a development financier, invested $20 million in a private credit fund by South African firm Ninety One that aims to raise about $400 million by early 2026. |