AGP Executive Report
Last update: 10 hours agoBanking & Capital Markets: Standard Bank posted record R26.1bn interim headline earnings, with Africa Regions contributing N$10.4bn (40% of group earnings), and announced a major dividend after strong ROE. Energy & Industry: NUMSA warned Eskom’s planned unbundling could weaken the utility and open the door to private capture, as Ramaphosa stressed affordability is now the key test for electricity reforms. FX & Monetary Policy: Nigeria’s naira strengthened after the CBN eased FX and securities restrictions and reopened access to its discount window. Trade & Development Finance: Africa Finance Corporation led a $2.5bn Dangote refinery equity raise, oversubscribed 3.7x, as capacity targets move toward 1.4m bpd. Fintech & Payments: XTransfer says it served over 1m enterprise clients globally in 2025, processing $60.5bn in cross-border payments. Climate Finance: Access Bank Ghana secured certification as a carbon credit broker, positioning it to intermediate ITMOs and other carbon assets. Governance & Social Protection: South Africa’s ETA flagged 6,126 fraudulent travel applications, while Malawi admitted its social protection system still suffers coverage gaps and donor reliance. Water & Accountability: Tougher water laws could expose municipal managers to personal criminal liability, but SALGA says systemic funding and infrastructure backlogs are being ignored.
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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