AGP Executive Report
Last update: an hour agoNairobi Export Push: Kenya’s capital is emerging as a hub for high-value professional services, with firms like Woodrow expanding across 13 countries and winning Africa Agency of the Year 2026. Sustainable Banking: Bank ABC says it mobilised $3bn in sustainable finance in 2025, with 71% directed to emerging markets, and boosted green/social/sustainable Sukuk underwriting. Private Credit & Funds: TLG Capital marks a second close of a new Africa-focused private credit fund, while South Africa’s Capitalworks launches its fourth flagship fund with IFC backing. Development Finance for Agriculture: Kenya’s FINAS 2026 summit spotlights a $100bn annual agriculture financing gap, highlighting AFC’s wholesale model to reach smallholders, youth and women. AfCFTA Acceleration: Nigeria’s trade minister urges faster AfCFTA implementation, including digital public infrastructure, interoperable payments and better access to finance for MSMEs. South Africa Policy & Markets: Court dismisses SALGA’s urgent bid to halt AARTO Phase 2, while a Competition Commission case on rand currency manipulation fails for some banks. Digital Payments & Fraud: Cybersecurity experts warn crypto scams are surging, and analysts flag “airtime advance” micro-lending as a potential debt trap outside credit rules. Energy & Infrastructure: Fitch warns climate risk is rising for African banks, and a new concessional loan targets Johannesburg’s electricity maintenance shortfalls. Regional Business Moves: Diageo appoints John Musunga as Africa MD from July 1, and Shell nears a ~$1bn sale of South African fuel stations to Adnoc’s unit. Migration Tensions: Anti-migrant protests and repatriations continue across South Africa as a June 30 deadline looms, with security forces on high alert.
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