AGP Executive Report
Last update: 6 hours agoCapital Markets: Dangote is exploring ways to open his $1.6bn refinery IPO to other African exchanges after Nigerian investors placed $4.77bn in orders. A 10% fall in Dangote Cement shares also erased about $1.6bn from his stake and helped drive a ₦3.28tn loss on the Nigerian Exchange. Energy Investment: AngloGold plans to invest $900m expanding mines in Tanzania and Guinea, while Namibia says projects worth N$38bn are expected to support growth. Creative Economy: Afreximbank is targeting more than $540m in deals at Lagos’ CANEX, as Nigeria offers tax incentives to qualifying small businesses and creators. Startups: African ventures raised $183m in October, down 58% year on year, highlighting tougher fundraising conditions. Regional Infrastructure: A 330kV power link connecting Nigeria, Benin, Burkina Faso, Niger and Togo is 75% complete, but security and delivery delays threaten the project.
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