AGP Executive Report
Last update: 7 hours agoRenminbi Push in Banking: Standard Bank becomes Africa’s first authorised renminbi clearing bank, partnering with ICBC to clear RMB across 19 countries—an upgrade for trade and investment links with China. Energy & Industry: Morocco converts ONHYM into a joint-stock company to back the $25bn Africa-Atlantic Gas Pipeline, while the AfDB urges Africa to stop exporting raw resources and instead process locally. Power Africa Today: At AEW 2026, the new Power Africa Today platform targets energy poverty, grid expansion and multi-resource power strategies for the 600+ million without electricity. Digital Transformation: Ethiopia doubles down on digital transformation for governance and competitiveness, and GSMA reports only 9% of Africans are outside mobile broadband coverage, shifting the focus to internet adoption. South Africa Flashpoints: Anti-immigration protests are driving a growing migrant exodus amid xenophobia fears ahead of June 30, while a separate report says SA’s asylum system has “collapsed,” not just “failed.” Tech & Skills: Nigeria’s banks lift technology spending 43% in Q1, and South Africa’s AMASA relaunches a media planning certificate to match modern digital buying realities.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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