AGP Executive Report
Last update: 2 hours agoEnergy Expansion: Aliko Dangote has bought a 25% stake in Kenya Pipeline Company for about $327 million, becoming its second-largest shareholder. The deal complements his planned $16 billion refinery in Lamu and expands his energy reach in East Africa. Development Finance: Ghana’s President John Mahama urged African countries to rely less on foreign aid, build domestic financing and expand local production to create jobs. Regional Business: A new study estimates Coca-Cola’s value chain generated $3.6 billion in economic activity across COMESA in 2024 and supported more than 458,000 jobs. Growth Outlook: Africa’s economy is forecast to grow 4.6%, but leaders face pressure to turn investment and resource wealth into local industry and jobs.
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