AGP Executive Report
Last update: 7 hours agoEnergy Finance: Africa’s long-delayed Energy Bank has launched with $5bn in capital, aiming to fill a funding gap as Western lenders retreat from oil and gas. Major Investment: Namibia has launched Dangote’s proposed $2.5bn fuel-storage and pipeline project, while Mozambique is seeking more than $5.5bn for its Beira and Nacala logistics corridors. Business Lending: Afreximbank approved a $28m facility for Uganda’s DOTT Services to pursue a $550m regional infrastructure project; Nigeria’s Bank of Industry and IFC also signed a $50m loan to expand MSME financing. Markets: Tanzania and Kenya led Africa in financial-services shareholder returns, at 59% and 36% respectively over three years, according to BCG. Fintech: OPay’s planned US listing and Standard Bank investment are on hold amid a Chinese inquiry, raising uncertainty over the Nigerian fintech’s expansion plans.
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