AGP Executive Report
Last update: 2 hours agoCrisis Financing: The World Bank is discussing potential aid with 30 to 40 countries facing energy shocks and rising prices, as developing economies brace for higher diesel and fertiliser costs. Fintech Listings: OPay has filed for a US IPO and won approval to pursue a secondary listing on Nigeria’s NGX; first-half revenue more than doubled to $467.1 million. African Credit: The African Union has launched a homegrown credit rating agency, aiming to strengthen financial sovereignty, though officials caution it will not lower borrowing costs immediately. Bank Results: Zenith Bank reported first-half pre-tax profit of N637.6 billion, up 1.9%, while its non-banking subsidiaries also posted gains. Investment: The World Bank Group says it has mobilised nearly $6.7 billion in private capital for Egypt since FY2022, including funding for renewables, ports and housing.
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