Johannesburg approved a R3.8 billion KfW loan to settle its R5.2 billion Eskom debt. Dangote is preparing a $40 billion multi-exchange IPO. The AfDB Governors’ Dialogue convened in Brazzaville. JNIM’s blockade ruined Eid al-Adha in Bamako. The SARB decides tomorrow at 15:00. Today’s Africa intelligence brief covers the continent’s finance, markets, economy, politics, and security tape.
South Africa
Johannesburg / Eskom — R3.8bn KfW Loan Approved
Johannesburg approved a R3.8 billion KfW loan to settle its R5.2 billion Eskom arrears. Electricity Minister Ramokgopa and Mayor Morero announced a formal partnership agreement.
Eskom’s deadline is July 8. Failure means power cuts heading into peak winter demand.
