AGP Executive Report
Last update: 8 hours agoCocoa at Risk: Up to 40% of African smallholder cocoa farmers could lose access to the EU market if they cannot meet new deforestation-tracking rules, industry groups warn. Compliance costs and limited farm-mapping systems threaten export earnings and livelihoods. Industrial Push: Guinea’s $17 billion Simandou project has carried its first passengers, as the government seeks wider economic gains from its new rail corridor. Ethiopia has also opened a precious-metals refinery to capture more value from its gold industry. Dangote Milestone: The refinery reported $22.5 billion in revenue and $4.7 billion in profit for the first nine months of 2026, a sharp turnaround as its IPO draws African investor interest. Growth and Hardship: The IMF raised Nigeria’s 2026 growth forecast to 4.2%, but says high living costs persist and recommends targeted support for vulnerable households. Finance and Trade: African leaders are pressing for stronger intra-African trade and more value-added production, while the new African Credit Rating Agency aims to challenge borrowing costs shaped by global ratings firms.
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