LAST WEEK IN AFRICA: Ethiopia secures World Bank funding, Ghana’s inflation cools & Kenya’s GDP grows

Ethiopia Secures $1 Billion World Bank Financing Deal
Ethiopia has finalized a $1 billion agreement with the World Bank, comprising both loans and grants to support its ambitious economic reform agenda. The funding will help stabilize Ethiopia’s financial system, improve public sector performance, and support ongoing currency liberalisation measures as the country shifts toward a more open and market-driven economy.

Ghana’s Inflation Slows to 13.7%, Lowest Since 2021
Ghana’s headline inflation rate dropped to 13.7% in June 2025, the lowest since December 2021, according to the Ghana Statistical Service. Food inflation also eased to 16.3%, reflecting the effects of tighter monetary policy and improved agricultural supply. The disinflationary trend provides some relief amid efforts to restore macroeconomic stability.

Kenya’s Economy Grows 4.9% in Q1 2025
Kenya recorded a 4.9% year-on-year GDP growth rate in the first quarter of 2025, driven by strong expansion in the agriculture and manufacturing sectors. However, slower growth in services slightly tempered the overall momentum. The Kenya National Bureau of Statistics credited the growth to favorable weather conditions and resilient industrial activity.