AGP Executive Report
Last update: 10 minutes agoBanking: Onafriq will wind down its Baxi agent-banking business in Nigeria, citing naira depreciation, inflation, competition and shifting payment habits. Sovereign Finance: Uganda is seeking a new IMF programme to secure cheaper long-term funding and bolster investor confidence as borrowing costs rise. Capital Markets: Dangote Cement is reportedly preparing a $1 billion London share sale; existing shareholders would sell about 10%, with proceeds going to them rather than the company. Regional Investment: West African leaders and business figures are backing a $15 billion infrastructure pipeline aimed at turning regional ambitions into investable projects. Payments: Ghana is discussing links between digital payment systems and more than 10 African countries, building on pilots with Nigeria and Rwanda to cut costly cross-border transfers; Ethiopia has also joined the Pan-African Payment and Settlement System. Economic Outlook: The IMF lifted its 2026–27 growth forecast for sub-Saharan Africa to 4.5%, while warning that persistent inflation and shrinking aid could strain public finances.
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