AGP Executive Report
Last update: an hour agoIndustrial Finance: The African Development Bank signed a $66 million deal for the first phase of an Egyptian solar-and-battery project that will supply power to aluminium producer EgyptAlum under a 25-year agreement. Sustainable Banking: Kenya’s banking industry unveiled a roadmap to expand sustainable finance, strengthen climate-risk management and direct capital toward inclusive growth. Egyptian Lending: IFC is investing $100 million in Banque du Caire’s IPO, with EBRD adding another $100 million to help the lender expand financing for businesses and households. Energy Investment: Afreximbank and the African Petroleum Producers’ Organization formally established a $5 billion Africa Energy Bank in Abuja to support energy projects amid a retreat in foreign financing. Mobile Money: Airtel Africa reported half-year profit of $452 million, up 20.2% year on year, as data and mobile money demand lifted results.
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