AGP Executive Report
Last update: 10 hours agoIllicit Finance Crackdown (Liberia): Liberia’s tax authority (LRA) says it will deepen information-sharing and inter-agency cooperation to trace suspicious transactions and recover stolen assets, as it trains with the AU on asset recovery and illicit financial flows. Monetary Policy (Liberia): The Central Bank of Liberia kept its policy rate at 16% and raised the reserve requirement on US-dollar deposits to 12% to support inflation and exchange-rate stability. Credit Ratings Push (Africa): The African Union is set to launch the continent’s first credit rating agency in Mauritius to offer an Africa-rooted alternative to “big three” ratings and cut borrowing costs. Macro Outlook (World Bank): The World Bank lifted Sub-Saharan Africa’s 2026 growth forecast to 4.3% but warned job creation and poverty reduction lag behind, with debt and inflation risks still high. Fuel Shock & Transport (South Africa): Petrol hit R30+ a litre; SANTACO says no taxi fare increase decision has been made yet, pending consultations. Crypto Access (South Africa): FNB now lets customers buy Bitcoin, Ether, XRP, Solana and USDT from R10 inside its investment platform. Industrialisation & Energy (Nigeria/Kenya): Tinubu reiterated Nigeria’s shift from “warehouse” to “workshop,” while Afreximbank says Dangote’s Lamu refinery could conserve Kenya’s foreign reserves. Oil Licensing (Nigeria): NUPRC announced 40 oil blocks for the 2026 licensing round as output rises to about 1.82mbpd.
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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