AGP Executive Report
Last update: 5 hours agoDangote Refinery IPO Push: Dangote Petroleum Refinery & Petrochemicals has completed a US$1bn underwriting programme ahead of its planned IPO, including a funded US$600m private placement plus a further US$400m underwriting commitment, with advisers Marob Strategies and Lilium Capital coordinating participation from sovereign wealth funds, governments and institutions. Fintech & Banking Dealmaking: Standard Bank is in early talks to buy a stake in Nigeria’s OPay ahead of a potential US listing later in 2026, as OPay works with major banks on the share sale and targets a valuation around US$4bn. Energy Pricing Transparency: South Africa’s electricity minister unveiled a revised electricity pricing policy for public comment, aiming for transparent, cost-reflective tariffs and reducing hidden costs tied to municipal debt from non-payment. AI in Payments: Fireblocks launched Flow Analytics for real-time stablecoin payment tracking, giving payment providers and fintechs visibility across 800+ wallets and settlement in chosen stablecoins. Insurance Performance: Nigeria’s Heirs Insurance Group reported N19.4bn claims paid in 2025 (up 87% y/y) alongside strong premium growth, despite FX headwinds. Investment Climate Reform: Ghana abolished minimum capital requirements for most foreign investors under the 2026 GIPA Act, removing barriers for smaller firms and knowledge-based businesses. Health Economy Focus: Ethiopia hosts the East Africa Health Federations Conference (Aug 21-23) to boost local production, private investment and regional trade in medicines and medical supplies.
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