The Africa Finance Corporation closed a record $1.5 billion syndicated loan, while markets weighed an expected rate cut in Egypt. Ethiopia moved into formal Eurobond talks, and Equatorial Guinea flagged a 2026 licensing round to bolster upstream activity. Why it matters: A pivot toward looser policy would lower local borrowing costs and shape Q4 carry dynamics across MENA. Why it matters: A credible deal could reopen market access and set a reference for other African restructurings. Africa Finance Corporation: Record $1.5bn syndicated loanAFC closed its biggest-ever three-year facility to expand infrastructure financing across member states.