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AGP Executive Report

Last update: 2 hours ago

Banking Expansion: Standard Bank’s Stanbic Bank Kenya plans to double its retail footprint by 2029, adding outlets and agent banking while pushing digital channels to grow small business, consumer lending and wealth segments. Digital Investing Push: Absa teams up with EasyEquities to let its 12m clients invest through its app, deepening Absa’s push into accessible, integrated digital wealth services. Tech Spend & Cyber Risk: Nigerian banks’ Q1 2026 tech spend jumped 30.8% to N177.91bn, led by Zenith’s near-doubling IT budget, as cyber threats and data-breach concerns keep rising. Healthcare Finance Tech: Kenya’s Social Health Authority (SHA) rollout is driving multimillion-shilling hospital upgrades in electronic records, diagnostics and revenue systems to meet faster, data-linked reimbursement. Energy Deal: Uganda and Tanzania sign with Vitol Bahrain to develop the Tanga Regional Energy Hub, aiming to strengthen storage, refining and regional fuel trade ahead of Uganda’s 2026 oil production. Capital Markets Innovation: Nairobi Securities Exchange plans East Africa’s first AI-themed ETF before end-2026, targeting firms tied to AI platforms and tools. Energy Investment Outlook: Nigeria expects $30bn–$50bn in offshore oil and gas investment by 2030 as 22 deepwater projects move toward production. Islamic Finance Connectivity: Standard Chartered says only 6% of global sukuk reaches South Asia and Africa, arguing the UAE can bridge liquidity to growth markets via stronger financial and digital links.

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.

AGP Wire

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7 hours ago

AI in fintech market seen reaching $72.96 billion by 2035

AGP

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14 hours ago

Totlesoft sets August 15 virtual AI summit for Africa’s workforce

AGP

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Aug. 5, 2026

EMY Africa deepens UK-Africa ties with London events at Parliament and Hilton

AGP

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Aug. 5, 2026

Central bank wording can move currencies even when rates hold steady

AGP


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Africa50 pledges to prepare more bankable projects to attract investors, financing

Africa50 pledges to prepare more bankable projects to attract investors, financing

Africa advised to measure its progress through benefits delivered to its citizens not number of deals signed 

Africa advised to measure its progress through benefits delivered to its citizens not number of deals signed 

Africa50 notes success in capital mobilization, infrastructure projects over past decade

Africa50 notes success in capital mobilization, infrastructure projects over past decade


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7 hours ago

AI in Fintech Market Projected to Hit USD 72.96 Billion at a 16.9% CAGR by 2035

EIN Presswire

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8 hours ago

ASP Isotopes Inc. Announces that Renergen Limited’s Subsidiary has Entered into a Take-or-Pay Contract for the Supply of Liquified Natural Gas to Be Produced at the Virginia Gas Project in South Africa

GlobeNewswire, Inc.

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9 hours ago

Ocugen Provides Business Update with Second Quarter 2026 Financial Results

GlobeNewswire, Inc.

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9 hours ago

Generate Biomedicines Inc. Reports Second Quarter 2026 Financial Results and Provides Business Update

GlobeNewswire, Inc.

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13 hours ago

Valeura Energy Inc.: Record Operational and Financial Performance in Q2 2026

GlobeNewswire, Inc.

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14 hours ago

Totlesoft Announces ADLAS 2026 to Advance Africa's AI Workforce

EIN Presswire

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