AGP Executive Report
Last update: an hour agoCredit Markets: The African Union has launched the Africa Credit Rating Agency in Mauritius, aiming to bring more context to assessments of African borrowers and reduce financing barriers. Its test will be whether investors trust its ratings. Growth Outlook: The World Bank raised its 2026 sub-Saharan Africa growth forecast to 4.3%, while warning that jobs and incomes remain weak; Kenya’s forecast also rose, to 4.6%. Dangote IPO: Uganda has cleared access to the refinery’s planned $1.6 billion share sale for high-net-worth and professional investors, following Kenya’s approval. A proposed regional structure would use Botswana as a trading hub for Southern African investors. Banking: Five Nigerian lenders made Africa’s top 100 ranking as their combined Tier 1 capital climbed 48% to $15.2 billion after recapitalisation. But risk firm DataPro says banks must now show they can turn stronger balance sheets into productive lending and durable earnings. Digital Finance: Liberia is seeking Ghana’s expertise to expand interoperable payments, building on its instant-payment system linking mobile money operators.
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