AGP Executive Report
Last update: 2 minutes agoBanking & Fintech: Flutterwave is moving beyond payments into deposits, savings and lending after securing a Nigerian banking licence, with Ghana and Kenya in its sights. Capital Markets: Dangote Refinery’s $1.6bn IPO closed with applications from 120 countries, including all 54 African nations, and lifted Nigerian exchange investors’ holdings by N1.75tn. Trade Finance: Africa Finance Corporation and Munich Re launched a $1bn risk-sharing programme to expand lending by African banks. Monetary Policy: Namibia raised its repo rate by 25 basis points to 7% to protect reserves and the currency peg, adding pressure to borrowing costs. Investment: Morocco moved ahead of South Africa to rank fourth in RMB’s Africa investment survey, backed by manufacturing growth, infrastructure spending and economic stability.
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.