AGP Executive Report
Last update: an hour agoCurrency Watch: Nigeria’s naira is ranked among Africa’s best-performing currencies in H1 2026, gaining against the US dollar despite regional pressure from the US-Iran conflict and higher inflation. Capital Markets & Deals: RITES Ltd received acceptance for a $35.82m South Africa locomotive contract with Volantis Asset Finance, with the order set to move into signing and the order book. Digital Finance & Payments: Bitget Wallet says it has crossed 100m users, with daily payment users now outnumbering traders—highlighting growing everyday crypto wallet use across Africa. Energy & Infrastructure Finance: Dangote plans to fund a 700,000 bpd Kenya refinery via internal cash, bonds and a planned IPO, while ADNOC Distribution agreed to buy Shell’s South Africa fuel stations business in a $1bn deal (580 sites), subject to approvals. Banking Regulation & Inclusion: Bank of Ghana joined Digital Assets Summit Africa (DASA) 2026 as an official partner, as Ghana implements its Virtual Asset Service Providers Act. Local Government Finance: South Africa’s National Treasury withheld July equitable share transfers to 69 municipalities, including Johannesburg, citing persistent municipal finance management failures. Social Protection & Cross-Border Learning: Nigeria’s NSITF hosted a Gambia delegation to study employees’ compensation administration under Nigeria’s scheme. Policy & Risk: The Nigerian Senate demanded written safety assurances from South Africa for Nigerians after xenophobic attacks, and called for arrests and prosecutions.
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.