AGP Executive Report
Last update: 8 hours agoRailway Liability: An international tribunal has ordered the Ethiopian Railway Corporation to pay Turkish contractor Yapı Merkezi $213.7 million in damages, plus $29.1 million in advance payments, over the suspended railway project—about $242.8 million in total. Cross-Border Payments: Ethiopia has joined the Pan-African Payment and Settlement System, opening a route for local financial institutions to make payments with participating African partners; access depends on each institution’s implementation. Capital Markets: Ethiopia’s securities regulator has limited Dangote refinery share purchases to 100 qualified investors unless it approves more, as the company’s $1.6 billion IPO roadshow targets African markets. Growth and Prices: The IMF projects Ethiopia’s economy to grow 9.2% in 2026, slowing to 7.8% in 2027, while warning that higher fuel and fertilizer costs could stoke inflation. Tigray Transition: A six-month federal caretaker administration is tasked with restoring services, rebuilding infrastructure and preparing the region for elections.
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