AGP Executive Report
Last update: 31 minutes agoDevelopment Finance: CBN Governor Olayemi Cardoso was named chair of the Africa Finance Corporation board, which has invested more than $20 billion across 36 countries. Digital Banking: Standard Bank agreed to invest in OPay around its planned NYSE listing and explore partnerships linking its regional network with the fintech’s customer base. Capital Markets: Kenya climbed to fifth in Absa’s African markets index, buoyed by dollar-denominated listings and stronger trading; Nigeria fell to eighth. Cross-Border Investment: Dangote Refinery extended its $2.1 billion IPO to October 27, with Botswana hosting share trading for Southern African investors. Financing Outlook: The IMF and African finance ministers reaffirmed cooperation as the continent’s growth is forecast at 4.5%, while debt costs and declining aid threaten development spending. Ethiopia says it is shifting from debt restructuring toward attracting investment. Payments & Policy: Ecobank’s CIPS link enables yuan settlement for Africa-China trade, while Uganda raised its interest rate to 12% at an emergency meeting.
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