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AGP Executive Report

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Consumer 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.

AGP Wire

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African nations push to make AGOA a driver of mineral processing and industrial growth

AGP

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Bourse Direct pushes global diversification lens for Moroccan investors

AGP

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TMU to host Global Africa Summit Toronto 2026 on trade and investment

AGP

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Retail fuel stations add EV charging, LNG and digital retail as market heads toward $2.35 trillion

AGP


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14 hours ago

Nigerian Diplomat Named as UN Special Adviser on Africa

MENAFN

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16 hours ago

UN Chief Names Ahunna Eziakonwa as New Special Adviser on Africa

MENAFN

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17 hours ago

Deadly School Attack in Nigeria’s Kogi State Leaves Three Killed

MENAFN

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Jun. 12, 2026

Meat-Based Flavors Market Worth $6 Billion by 2031, Driven by Rising Demand for Flavor-Enhanced Food Products

EIN Presswire

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Jun. 11, 2026

African Nations Push for Critical Minerals and Industrialization at the Center of AGOA Reform

EIN Presswire

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Jun. 11, 2026

African Countries Begin Repatriation of Citizens from South Africa

MENAFN

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