AGP Executive Report
Last update: 2 hours agoDangote Power Push: Aliko Dangote says Dangote Group will invest over $10bn in Africa’s power sector in the next 3–4 years, aiming to tackle the continent’s electricity deficit and spur industrial growth. Trade Finance Boost: Afreximbank and ATDC sign a $500m Global Credit facility to finance buying, aggregation, logistics, warehousing and distribution of “Made-in-Africa” goods, supporting AfCFTA trade. South Africa Deal Scrutiny: Solar SA’s proposed R21.8bn all-cash bid for Omnia Holdings would shift ownership to Indian control and delist Omnia from the JSE/A2X if approved. Nigeria FX Watch: The naira opens largely flat as foreign portfolio investors dominate dollar liquidity, with the official rate edging up slightly while the parallel market gap narrows. Capital Markets Justice: Nigeria’s Investments and Securities Tribunal plans new rules and digitalisation to speed up cases and strengthen capital market justice. Uganda Refugee Funding Gap: Uganda’s parliament urges the EU to increase support as only 12% of a needed $850m refugee response budget is currently funded, straining health and education services. Anti-Corruption Tech: South Africa’s ISS launches an AI-backed Anti-Corruption Tracker to flag early risks linked to state capture and systemic corruption. Banking Expansion: OmniBSIC Bank relocates its Dome branch to a larger facility to improve customer experience. Energy-Climate Mobility: Spiro secures an extra $18m from the AfricaGoGreen Fund to expand electric motorcycles and battery-swapping infrastructure across Uganda and Rwanda.
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