AGP Executive Report
Last update: 35 minutes agoEV Industry Push: A Chinese auto executive at Ghana’s Investment Trade Week urged African governments to back private-sector-led EV adoption, starting with fleet demand and then scaling charging infrastructure. Cross-Border Banking Reality Check: A new analysis says Africa’s payments still route through correspondent banking, often via London/Paris, driving delays and high transfer costs that can tie up working capital. Energy Risk Tooling: South Africa’s Florion launched an energy intelligence platform to help firms manage the new, more complex energy contracting and risk landscape. Pay-TV Deal Fallout: Canal+’s completion of its $3bn takeover of MultiChoice is already triggering restructuring claims in Uganda, with staff severance and service-centre changes reported. Fintech Shutdown: Nigeria’s Gigbanc is winding down after three years, citing fundraising strain and rising costs; customers have until July 31 to withdraw. South Africa Governance/Finance: The Madlanga Commission’s work is spotlighting loopholes in public financial disclosures, while the finance minister says it’s too early to cost the recommendations. Debt Burden: UNESCO reports developing countries spent more on external debt than education in 2025, with sub-Saharan Africa hit hardest. Infrastructure Financing Watch: Kenya’s Treasury hinted it may issue an infrastructure bond, pending Treasury-Central Bank decisions. Oil-Backed Financing: South Sudan partially restores advance crude financing after a London court dispute with BB Energy is relaxed through end-November 2026. Renewables for Mining: Siyanda Bakgatla Platinum Mine signed a renewable supply deal with NOA to secure 288GWh annually, aiming for cost certainty. Dangote Refinery Investor Interest: Tanzania’s Mohammed Dewji says he’s open to co-investing $100m in Dangote’s planned East Africa refinery, preferring Tanzania but willing to back Kenya.
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.