AGP Executive Report
Last update: 2 hours agoFintech: OPay has filed for a US IPO and plans a secondary listing in Nigeria, as Airtel Money begins trading in London—two high-profile tests of investor appetite for African fintech. Growth Outlook: UNCTAD projects developing-economy growth will slow to 4% in 2026 from 4.7% last year, with energy shocks adding pressure on import-dependent countries. Investment: The World Bank Group says it has mobilised nearly $6.7 billion in private capital for Egypt since FY2022, including funding for renewable power and infrastructure. Chinese firms now own 65% of Africa’s new lithium-mining capacity, with Zimbabwe and Mali leading emerging supply. Financial Markets: The African Union has launched a continent-wide credit rating agency, aiming to offer locally grounded assessments; its impact on borrowing costs will take time to emerge. Nigeria: The NGX All-Share Index fell 0.97% over the week, while the Presidency defended a temporary petrol-price discount amid criticism over its cost and reach.
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