AGP Executive Report
Last update: 12 hours agoMobile Money Relief (Kenya): Safaricom cut M-Pesa merchant fees by up to 50% for business till-to-wallet and Paybill transfers, effective 7 August, aligning with CBK affordability goals. Trade Protection (South Africa): ITAC backed a 20% peanut butter import duty to shield local producers after imports rose and domestic capacity fell. Fuel Price Pressure (Nigeria): MRS and AA Rano reduced petrol prices in Abuja, citing depot competition and Dangote Refinery-linked pricing despite higher crude. Power Tariffs & Subsidies (Nigeria): FG says no immediate electricity tariff hike, while setting a 2027 date to remove power subsidies and push prepaid metering. Food Costs Watch (Nigeria): Food inflation hit 17.52% in June, with edible oil among the biggest drivers. Data Privacy Ruling (Nigeria): FCT High Court ordered Stanbic IBTC to pay N15m and delete unlawfully retained customer data after a “right to be forgotten” case. Digital Finance Growth (Nigeria): FirstBank flags that Nigeria’s next test is whether stability turns into jobs and living standards, not just macro gains. Clean Cooking Push (Nigeria): Decade of Gas LPG rollout targets 5m households by 2030, starting with 27,000 cylinders in Bayelsa. Consumer Safety/Regulation (Mozambique): EU-backed WFP food support uses vouchers and retail redemption for 360,000 displaced people in Northern Mozambique.
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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