AGP Executive Report
Last update: a minute agoConsumer Credit Crackdown: A Kenyan court has slammed Mogo Auto Limited for “exorbitant” and “exploitative” interest on a Ksh400,000 loan, citing an effective 86.4% rate and applying the in duplum rule to cut the lender’s claim. Trade Finance Boost: The EBRD approved a $20m trade finance line for Bank of Africa-Benin to back imports/exports and help local firms access regional and international markets. Pharma Rules Under Fire: Morocco’s dietary supplement industry is pushing back against a proposed change to pharmaceutical law that would give pharmacies exclusive rights to sell certain therapeutic-effect supplements. Morocco Informality Diagnosis: Economists warn the informal sector won’t shrink just from growth; they point to a mismatch between the costs and benefits of formal status. Morocco-China Trade Talks: Rabat is weighing China’s free-trade offer, with impact assessments and safeguards for sensitive sectors. Digital Payments Race (Nigeria): Monnify says its payment gateway processed N25tn in 2025, intensifying competition over Nigeria’s payment “rails.” HIV Prevention Rollout (South Africa): SA committed R1.3bn to expand Lenacapavir twice-yearly HIV prevention injections via public clinics. Banking Fraud Pressure (South Africa): A Belgium court ruling could shift how banks handle fraud disputes, with implications for consumer protection. Infrastructure & Retail: Liquid expands Zimbabwe connectivity with 26,000km fibre and 261 LTE sites; Vertiv’s ThermoKey acquisition closes. Automotive Launch (Nigeria): Carloha Nigeria unveiled the Chery Tiggo 9 PHEV and signalled the arrival of the Chery Q brand.
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.