AGP Executive Report
Last update: 10 hours agoDangote Refinery IPO: Aliko Dangote’s refinery has kicked off its landmark IPO in Nigeria, offering 4.1bn new shares at N525 each, targeting about N2.15tn and broadening ownership in Africa’s biggest capital markets moment. Energy & Trade Security: The U.S. lifted Nigeria’s 12-year port security Condition of Entry, a move expected to cut compliance costs and speed up vessel turnaround, boosting U.S.-Nigeria trade. Banking Access Shift: Nigeria’s banks shut a net 476 branches and cash centres from 2022-2025 as digital banking expands, raising concerns about physical access gaps. Food Systems Resilience: At Rwanda’s Africa Food Systems Forum, governments pushed to scale irrigation—only 5% of Africa’s arable land is irrigated—ahead of climate shocks like El Niño. Regional Investment & Industry: POSCO International plans a Tanzania representative office and more investment in mining, energy, agriculture and digital tech, with the Mahenge graphite project a key priority. Healthcare Expansion: Humanity First opened Abidjan’s Masroor Centre for Healthcare, adding critical-care, cardiology and gastroenterology services for surrounding communities.
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