AGP Executive Report
Last update: 6 hours agoPayments: Ethiopia has joined the Pan-African Payment and Settlement System, enabling local financial institutions to connect to a network for cross-border payments and trade. Rail: An arbitration tribunal ordered Ethiopian Railway Corporation to pay Yapı Merkezi $213.7 million in damages, plus $29.1 million in advance payments, over the suspended Awash–Woldiya railway project. Investment: NGX Group is promoting Dangote Refinery shares across African markets, but Ethiopia has limited the offer to 100 investors and set a 10 million birr minimum net-worth requirement. Industry: Ethiopia’s new $50 million gold refinery aims to build local processing capacity as gold exports rise. Agriculture and logistics: Researchers reported productivity gains in teff and wheat, while Maersk warned that heavy rains could disrupt roads and port-bound cargo across the region through December.
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