AGP Executive Report
Last update: 9 hours agoEnergy Finance: Afreximbank and the African Petroleum Producers’ Organisation launched the $5bn Africa Energy Bank in Abuja, naming Helmy Ghazi its first president as it targets a $200bn energy financing gap. Telecoms: Airtel Africa’s half-year revenue climbed 28% to $3.82bn and profit rose 20.5% to $452m, with its customer base reaching 193.9 million. Tanzania Gas: State petroleum firm TPDC reported a 73bn-shilling profit and said gas royalties and profit-sharing contributed 142bn shillings to public revenue, as it plans to expand production and distribution. Corporate Results: PZ Cussons shareholders approved a ₦9.93bn dividend after the company reported a return to positive equity. Ghana Outlook: Fitch expects growth near 6% in 2026 but forecasts a slowdown in 2027. Senegal Economy: The Youth Olympic Games have opened amid rising living costs and youth unemployment of about 23%; the country has allocated $60m to the event while seeking a $2.2bn IMF loan.
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