AGP Executive Report
Last update: an hour agoSovereign Debt Meets Power Investment: Zambia unveiled a $600m AfDB-backed bond buyback tied to a $275m, 15-year grid resilience programme to modernise electricity distribution—an approach investors will watch for replication across Africa. Energy Transition Push: South Africa launched Eskom Green and plans an initial 2GW renewables pipeline with private partners, alongside smaller in-house projects, as it targets cleaner power by 2040. Macroeconomic Reality Check: South Africa’s GDP grew 0.5% in Q1, but household spending rose just 0.1% as consumers stay squeezed by essentials. Capital Markets: Growthpoint Properties raised R1.8bn via a senior unsecured bond after bids topped R6.5bn, while South Africa’s bond and credit story also got a boost from Fitch’s upgrade coverage. Digital Finance & Payments: SARB deputy governor Rashad Cassim urged faster, cheaper retail digital payments and outlined work on PayShap and CBDC considerations. Financial Inclusion Tech: dLocal expanded BNPL Fuse with eligibility screening and refund orchestration to improve merchant conversion across Africa and other emerging regions. Public Finance & Infrastructure: Nigeria’s NSIA chief called for deeper domestic capital mobilisation for infrastructure, anchored by a proposed $1bn fund. Governance & Risk: South Africa’s NHI Act faces major legal challenges, with the Constitutional Court set to weigh whether Parliament properly engaged the public. Regional Trade & Investment: Lagos hosted Invest Lagos 3.0, with officials pitching the city as Africa’s gateway for global investors and rail/airport upgrades, including a $500m MMIA modernisation approval.
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