AGP Executive Report
Last update: an hour agoBanking: Afreximbank’s nine-month net income rose 24% to US$813.5 million, with assets and contingencies topping US$54 billion. Energy Deals: Amsons Group bought Oryx Energies’ Tanzanian downstream business for US$230 million, lifting its fuel storage capacity to 800,000 tonnes and its regional retail network to 300 stations. Digital Payments: Airtel Money’s first-half revenue climbed 34% to US$830 million; Togo’s mobile-money transactions reached CFAF 4.4 trillion in 2025, up 7.9%. Industrial Growth: BUA Group chairman Abdul Samad Rabiu urged Nigeria to focus on production and build 100 more major industrial companies to create jobs and boost exports. Green Investment: Nigeria’s sovereign wealth fund and Africa50 launched a US$300 million fund to expand renewable energy access. Insurance: Kenya’s APA Apollo took control of two Tanzanian insurers, extending its regional footprint.
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