AGP Executive Report
Last update: 8 hours agoAfrica’s Narrative Push: UN Deputy Secretary-General Amina Mohammed, Afreximbank’s Benedict Oramah, Nigeria’s finance minister Taiwo Oyedele and Rwanda Development Board CEO Jean Guy Afrika urged young African leaders to stop acting as recipients and instead build institutions and globally competitive enterprises at scale, at the Aliko Dangote Foundation diaspora leadership convening in Lagos. Rwanda-Linked Biologics Deal: Bio Usawa and Axmed (Switzerland) signed a strategic collaboration to expand access to affordable biologic medicines across Africa, starting with ophthalmology and retinal diseases and linking manufacturing with procurement and demand aggregation. Climate Finance for Farmers: IFAD and Equity Group launched ARCAFIM, a $200m rural climate adaptation finance mechanism for East Africa (including Rwanda), aiming to support 260,000 smallholder producers and 500 rural MSMEs over 12 years. Mobile Network Upgrade: Econet Rwanda says it will phase out 3G by end-December 2027, pushing remaining users to 4G/5G while keeping 2G longer for rural coverage. Private Credit Momentum: Tanzania reported faster private-sector credit growth to nearly 31.2% year-on-year, signalling stronger financing demand across the economy. Trade and Investment Platforms: Pakistan and African partners launched the Pakistan-Africa Economic Council, targeting $15bn trade by 2030 and bringing chambers and private firms into regular deal-making. Dangote IPO Watch: Dangote Refinery opened its order book for a $1.6bn IPO aimed at retail investors across Africa, with proceeds set to fund expansion.
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