AGP Executive Report
Last update: 10 hours agoAU Conflict Prevention Push: African leaders meet in Luanda for the AU’s 21st Extraordinary Summit focused on strengthening conflict prevention and resolution, with Morocco urging a prevention-first approach and financing that follows AU budget rules. Nigeria–South Africa Xenophobia Row: President Tinubu formally raised recurring xenophobic and Afrophobic attacks against Africans in South Africa at the AU, calling for urgent collective action. Peace Funding Agenda: President Mahama urged predictable, sustainable global financing for African-led peace missions and backed UN assessed-contribution frameworks. Nigeria FX & Remittances: Nigeria hit $947m in July formal remittances, nearing the $1bn target, while the naira strengthened to about N1,337/$ as reserves rose to $53.3bn. Uganda Pension Fund Scrutiny: Uganda’s NSSF faces oversight concerns after an Auditor General probe flagged weak board-representation guidelines and insufficient collateral on a Uganda Clays loan. Fintech Leadership Move: MoMo Payment Service Bank appointed Bode Abifarin as CEO effective September 1 as MTN Nigeria restructures its fintech operations. Green Energy Deal: SBM Bank Kenya signed a $17m financing package with Safer Power to expand green energy manufacturing and build a factory. Housing Finance Innovation: AXP Africa unveiled a new housing model linking developers, mortgage banks, employers and tech to tackle Nigeria’s housing deficit.
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