AGP Executive Report
Last update: an hour agoClimate Finance: Ghana urged China-Africa partners at COP31 to turn pledges into affordable funding for bankable projects, while Egypt called for climate finance to move from promises to delivery. Banking Leadership: Nigeria’s Alternative Bank named Gul Khan CEO, bringing experience from I&M Bank Kenya and Airtel Money. SME Funding: Afreximbank committed $75 million to the Development Bank of Nigeria for SME lending, including working capital and export support for creative businesses. South African fintech Yoco also secured a $100 million credit line for small-business lending. Infrastructure Capital: Nigeria’s pension industry and FSD Africa signed a deal to establish a $750 million infrastructure fund. Capital Markets: Dangote Refinery’s IPO attracted N5.85 trillion in orders, reported as 172% oversubscribed; Nigeria also proposed a unified bond-market framework for 10 West African countries. Trade Finance: The African Development Bank and Trade and Development Bank expanded a $200 million credit line for businesses and essential imports.
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