AGP Executive Report
Last update: 2 hours agoDangote Refinery: The company reported $22.5 billion in revenue and $4.7 billion in profit for the nine months to September, and extended its $1.6 billion IPO to October 27 to give more African investors time to participate. Nigeria’s Outlook: The IMF raised its 2026 growth forecast to 4.2%, but warned that high food and energy prices could deepen poverty and food insecurity. Currency Pressure: Ghana’s cedi has fallen more than 11% against the US dollar this year as demand for foreign exchange rises. Africa–China Trade: Ecobank has integrated with China’s CIPS system to enable yuan settlements across Africa, easing payments for businesses trading with China. Power Access: The World Bank and African Development Bank say their efforts have connected 64 million Africans to electricity, a key step toward expanding business and industry. Regional Finance: The African Union launched its own credit rating agency in Mauritius, aiming to challenge high borrowing costs and improve how the continent’s credit risk is assessed.
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