AGP Executive Report
Last update: 8 hours agoGrowth Capital: Kenya’s Kenafric Group launched a $10 million fund offering $100,000 to $2 million to established African consumer businesses ready to scale. Tech Finance: Ethiopia’s IT Park and Awash Capital agreed to improve financing and investment access for technology startups and SMEs. Markets: Nigeria’s NGX hit a record, adding ₦779 billion as the index rose 0.47%; Dangote Cement led gains. Economic Outlook: South Africa’s rebased economy is 5.3% larger, at R8.044 trillion, while the revised figures widen its lead over Nigeria. Major Deals: Dangote Refinery’s $1.6 billion IPO drew investors from across Africa and around the world. In Ethiopia, Dashen Bank and the EIB signed a €20 million deal to expand long-term SME credit. Lending Capacity: The Africa Finance Corporation and Munich Re are deploying a $1 billion risk-sharing scheme to help expand bank lending across the continent.
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