AGP Executive Report
Last update: 5 hours agoLeadership Transition (Banking): UBA confirms Tony Elumelu will retire as Group Chairman on Aug 21, 2026, with Emmanuel Nnorom set to take over the same day, closing a 12-year tenure that expanded the bank across 20 African countries and serves 50m+ customers. Capital Markets (Kenya): Kenya’s CMA licenses three new fund managers—ADAR, Entrust Advisory, and Everstrong—widening access to professional asset management beyond basic savings. Fintech & Inclusion (Nigeria): PufferPay CEO Emmanuel Ovaga will keynote Nigeria’s Business Journal Fintech & Financial Inclusion Roundtable on July 31, spotlighting digital payments for emerging markets. SME Support (Ghana): Advans Ghana runs an SME Growth Clinic in Kumasi focused on business formalisation, continuity planning, and bookkeeping basics to help firms scale. Energy & Infrastructure (East Africa): EACOP hits 90% completion, moving into final phases toward Uganda-to-Tanzania crude exports. Payments & Trade (Africa/China): Standard Bank of South Africa and ICBC are authorised as RMB Clearing Bank for Africa, aiming to cut FX frictions and speed China-Africa RMB settlements. Public Health (DRC/Ebola): Africa CDC urges speed and sustained support as Congo’s Ebola toll surpasses 500, with frontline workers warning of strike action. Debt (Ghana): Ghana settles a $700m Eurobond obligation ahead of schedule, paying $2.1bn to bondholders since Jan 2025.
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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