AGP Executive Report
Last update: an hour agoEbola Response Mobilisation: South Africa’s President Cyril Ramaphosa heads to Kinshasa to back the DRC’s Ebola fight, with the African Union pushing for more political, technical and financial commitments. Energy & Power Policy: South Africa’s electricity tariff hikes (about 9% for municipal customers) are deepening affordability stress for households already forced to cut essentials. Oil & Gas Contractor Finance: Shell Nigeria launches a $3bn contract finance facility with nine banks to fund local contractors in naira and dollars, aiming to boost in-country value. Banking Innovation in Nigeria: Wema Bank opens Hackaholics 7.0 (“Powering Possibilities”), offering tracks for startups, hackathons and social impact. Insurance Sector Signal: Kenya Reinsurance outlines its role as a regional risk buffer as East African insurers expand amid deeper exposures. Tax Administration Push: South Africa’s SARS reports R8bn in tax refunds paid within 72 hours of the 2026 filing season, citing digital automation. Regional Finance Cooperation: SADC finance ministers in Harare call for stronger regional coordination and faster operationalisation of the SADC Regional Development Fund. Digital Learning Scale-Up: MBRGI and The Digital School plan to support 500,000+ learners across six African countries. Home Finance in Kenya: NBK and Centum Real Estate sign an MoU to expand mortgage and construction financing to improve access to home ownership.
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