AGP Executive Report
Last update: 3 minutes agoBanking: JPMorgan’s Nigeria launch moved closer after a N50bn deposit with the CBN and a reported $38m payment for a merchant-banking licence. Cross-Border Expansion: Nedbank cleared the final conditions for its R13.9bn acquisition of 66% of Kenya’s NCBA; share transfers are scheduled for November 3. Capital Markets: Nigeria unveiled a 10-year plan to deepen investment and savings, targeting a $1tn economy by 2030 and a tenfold rise in collective-investment assets to $56bn. Private Capital: Southern African dealmakers are upbeat: 63% of surveyed firms expect high or very high deal flow, with R45.4bn available to invest. Mineral Finance: Ghana says 76% of gold exported since August was refined locally, including 95% of October’s shipments, as it seeks to retain more value at home. Payments: South Africa’s Reserve Bank plans a framework to admit nonbank payment providers, aiming to spur competition and lower costs. Climate Finance: Nigeria is developing a system to direct climate funding to smallholder farmers facing floods and drought.
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