AGP Executive Report
Last update: 11 hours agoEnergy Finance: Afreximbank and APPO have formally established the Africa Energy Bank, with $5 billion in authorised capital to finance projects across the energy sector. The bank aims to help close a funding gap as Africa’s energy investment needs reach an estimated $200 billion. African Investment: Dangote Refinery’s IPO attracted ₦2.15 trillion in applications from investors in 120 countries, including all 54 African nations, with shares offered through banks, brokers and fintech platforms. Digital Banking: Airtel Africa’s half-year revenue rose 28.2% to $3.82 billion, while profit after tax climbed to $452 million. Mobile money customers grew 22.4% to 60.9 million, and transaction value reached an annualised $275 billion. Green Capital: The World Bank’s environment director says overpriced risk and undervalued opportunities are holding back investment in nature-based businesses, including African forestry.
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