AGP Executive Report
Last update: 9 hours agoAU Conflict Prevention Push: African leaders meet in Luanda for the AU’s 21st Extraordinary Summit focused on strengthening conflict prevention and resolution, with Morocco urging a prevention-first approach and financing that follows AU budget rules. Nigeria–South Africa Xenophobia Row: President Tinubu formally raised recurring xenophobic and Afrophobic attacks against Africans in South Africa at the AU, calling for urgent collective action. Peace Funding Agenda: President Mahama urged predictable, sustainable global financing for African-led peace missions and backed UN assessed-contribution frameworks. Nigeria FX & Remittances: Nigeria hit $947m in July formal remittances, nearing the $1bn target, while the naira strengthened to about N1,337/$ as reserves rose to $53.3bn. Uganda Pension Fund Scrutiny: Uganda’s NSSF faces oversight concerns after an Auditor General probe flagged weak board-representation guidelines and insufficient collateral on a Uganda Clays loan. Fintech Leadership Move: MoMo Payment Service Bank appointed Bode Abifarin as CEO effective September 1 as MTN Nigeria restructures its fintech operations. Green Energy Deal: SBM Bank Kenya signed a $17m financing package with Safer Power to expand green energy manufacturing and build a factory. Housing Finance Innovation: AXP Africa unveiled a new housing model linking developers, mortgage banks, employers and tech to tackle Nigeria’s housing deficit.
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.
Perspectify News
