AGP Executive Report
Last update: 39 minutes agoDigital Finance: M-KOPA says it has reached 10 million customers and record revenue of $600 million, underscoring the scale of demand for inclusive finance. Credit Markets: The African Union has launched its credit rating agency in Mauritius to offer investors more context on African risk. The UN estimates inaccurate ratings cost African economies $74.5 billion a year, though the AU cautions the new agency will not quickly lower borrowing costs. Investment: Dangote Refinery’s IPO has opened to investors in Kenya and Uganda, extending its $1.6 billion share sale across East Africa. Growth Outlook: The World Bank raised its 2026 growth forecast for Africa to 4.3%, while Moody’s turned positive on its sub-Saharan outlook, citing reforms and strong commodities but flagging debt risks. Fuel Costs: Nigeria announced a 30-day petrol discount through NNPC for public transport operators as prices surge, while ruling out a return to costly subsidies.
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