AGP Executive Report
Last update: an hour agoPayments & Trade Infrastructure: Afreximbank is pushing AfPAY adoption via commercialisation roadshows, aiming to cut cross-border settlement costs and speed up trade flows; it says AfPAY has linked 400+ banks and handled $32bn in 2024 settlements. Banking & Investor Sentiment: Absa faces shareholder backlash after shareholders voted against its remuneration report tied to a new CEO exit package worth about $9m. Competition & Digital Lending: Nigeria’s FCCPC, directed by President Tinubu, moves to dismantle Optasia’s alleged 12-year monopoly in airtime credit and data advances, a sector estimated at N3tn annually. Capital Markets: Canal+ has listed on the JSE after buying and delisting MultiChoice, giving South African investors rand access to the group’s Africa growth story. Retail & Financial Services: South Africa’s TFG flags store closures after profit falls despite revenue growth, while it continues its push into financial services. Energy & Industry: Tanzania courts investors at Invest Lagos and SPIEF-style forums with the Bagamoyo SEZ pitch, betting on manufacturing and logistics to attract capital. Crime & Enforcement: SARS seized about 90 bricks of suspected cocaine hidden in excavators at Durban Port, handing the case to SAPS for investigation. Housing Finance (Diaspora): Tanzania’s TCB and CPS Africa sign to expand mortgage access for diaspora buyers into Fumba Town.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
