AGP Executive Report
Last update: 2 hours agoFinance: Nigeria’s foreign-exchange reserves jumped $3.73 billion in three days to $58.81 billion, near an 18-year high. CBN Governor Olayemi Cardoso was also named chairman of the Africa Finance Corporation, which says it has invested more than $20 billion across 36 countries. Industry: Ghana is seeking pharmaceutical manufacturers for a planned 2,000-acre park expected to create 30,000 jobs and help replace half of medicine imports by 2030. Energy: Zambia and its neighbours need to expand transmission and regional grid links alongside power generation, officials warn, or new capacity could go unused. Investment: Dangote says IPO applicants investing ₦50,000 or less will get priority as the refinery seeks wider public ownership. Outlook: African economies are forecast to grow 4.5% this year, but the IMF and African finance officials warn that debt costs, energy shocks and shrinking external aid threaten the outlook.
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