AGP Executive Report
Last update: 4 hours agoFinancial Crime Reform: Kenya says it has addressed 13 of 21 deficiencies and is seeking EU support to exit the FATF grey list and the bloc’s high-risk list. Fintech Funding: South African startup Lumepay raised $6 million to build cross-border payment rails for African businesses. SME Finance: Afreximbank committed $75 million to the Development Bank of Nigeria to expand funding for small businesses and the creative sector. Local Capital: Shelter Afrique closed a CFA60 billion sustainable bond to finance affordable housing across eight West African countries, with proceeds raised in regional currency. Infrastructure Investment: Nigeria’s pension industry and FSD Africa are working to establish a $750 million infrastructure fund. South Africa Reforms: The African Development Bank approved a $503.75 million loan to support reforms aimed at attracting private investment in electricity, freight transport and water. Climate Finance: African negotiators are pushing for a formal COP31 process to track a pledge to triple adaptation finance by 2035.
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.
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