AGP Executive Report
Last update: 27 minutes agoInsurance & Investment Push: Africa Specialty Risks (ASR) has agreed a strategic investment with Vitruvian Partners to expand speciality (re)insurance capacity across developing markets, including outside Africa and the Middle East. Life Insurance & Protection Gap: South Africa’s BrightRock marks 15 years of growth, touting R388bn cover in force and rising claims, while Momentum Life highlights a growing critical illness burden and a protection gap for serious illness. Household Pressure in SA: Discovery Insure reports South Africans bought 23% less fuel in May as price pressure bites, while Old Mutual flags “silent spending habits” quietly draining savings. Ghana Investment Drive: At the Ghana–UK Investment Summit, Ghana renewed calls for foreign investment and showcased projects like Accra’s Marine Drive as a tourism and real-estate magnet. Capital Markets & Banking Deals: Access Bank Tanzania signed a $500m IFC deal to deepen local-currency financing, and Standard Bank advised CANAL+ on its JSE inward listing to boost liquidity and investor access. EV Funding: Spiro raised $215m equity to scale battery-swapping infrastructure across multiple African markets. Policy & Risk: South Africa moves to allow HPAI vaccination via a new framework, and Tanzania plans an International Financial Centre to attract capital and improve financing access.
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