AGP Executive Report
Last update: an hour agoDigital Payments Push: South Africa’s Reserve Bank Governor Lesetja Kganyago points to India’s UPI as a model for a free, real-time national payments system to cut cash use. Banking Fraud Risk: A Belgian court ruling in Antwerp could reshape how banks handle fraud claims after an elderly couple was tricked into transferring money; South Africa’s banking fraud disputes already skew heavily toward banks. Mobile Connectivity Investment: Liquid expands Zimbabwe’s connectivity with 26,000 km of fibre and 261 LTE base stations, aiming to deepen digital inclusion across underserved areas. Security & State Capacity: Nigeria’s Tinubu warns armed groups to surrender or face full force, announcing major police and defence/security budget allocations amid rising kidnappings. Youth & Jobs Pressure: Stats SA data shows 60.9% unemployment among South Africans aged 15–24 and 37.6% NEET—fueling calls for economic freedom beyond political gains. Regional Health Funding: The EAC signs a €5m KfW deal to strengthen Mpox response and regional health security, including lab capacity and coordinated outbreak systems. Global Growth Headwinds: The World Bank cuts 2026 global growth to 2.5%, citing the Iran conflict’s energy and shipping shock and warning of tighter financial conditions. Kenya Cooperative Finance: President Ruto launches Shirikiana Sacco in Western Kenya, with a Ksh50m commitment to expand savings, credit and financial inclusion. Illicit Trade Crackdown: South Africa’s SARS seizes R245m in illicit goods, targeting smuggling, counterfeits and tax evasion.
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