AGP Executive Report
Last update: an hour agoEnergy Finance: Afreximbank and the African Petroleum Producers’ Organisation have formally established the $5 billion Africa Energy Bank in Abuja, appointing Helmy Ghazi as its first president. The lender aims to help close a $200 billion annual energy investment gap as traditional financiers pull back; Ghana is among its first contributors. Digital Payments: From November 2, BCEAO rules make transfers between individuals free up to 8,000 CFA francs per sender daily across its eight-country instant-payment network. Fees on larger transfers are capped at 0.8%, while recipients pay nothing. Banking: Ecobank Côte d’Ivoire reported a 12.3% fall in third-quarter profit year on year. Access Bank named Oluseyi Kumapayi deputy managing director for African subsidiaries and Olanrewaju Bamisebi executive director for technology and digitalisation, as the group focuses on efficiency and returns. Fintech Markets: OPay has halted its planned NYSE offering after a regulatory inquiry in an unspecified jurisdiction, saying the issue does not reflect its financial health. Property Investment: South Africa’s Redefine Properties forecasts 3%–5% growth in distributable income per share for FY2027, after a 7.5% rise in FY2026.
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