AGP Executive Report
Last update: 10 hours agoNigeria Banking: The CBN granted JPMorgan approval-in-principle to establish a merchant bank, opening a path to wider corporate finance, capital-markets and advisory services. The licence is not yet final. East African Expansion: South Africa’s Nedbank has taken a 66% controlling stake in NCBA, adding a major East African network while the Kenyan lender remains listed. Industrial Finance: Dangote says his $50 billion investment programme for 2026–30 will back industrial growth, calling for stronger financing institutions, reliable power and policies that support local manufacturing. Capital Mobilisation: The African Development Bank and UK Export Finance signed a framework to co-finance projects and attract more capital for African infrastructure. Energy Funding: Seplat Energy says transparent governance and strong management are essential to winning investor confidence and unlocking structured finance.
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