AGP Executive Report
Last update: 6 minutes agoUnilever Nigeria Results: Unilever Nigeria reported H1 2026 revenue of ₦119.9bn (+22%) and approved an interim dividend of ₦2.00k per 50k share (total ₦11.5bn), despite pressure from input costs and softer consumer spending. Electricity Tariff Clarity: Nigeria’s power adviser says there’s no planned tariff hike for electricity consumers across bands, while critics allege DisCos and government want subsidy removal to “share proceeds,” keeping the consumer impact debate hot. US Forced-Labour Tariffs: The US imposed a 12.5% tariff on Nigeria and seven other African countries over forced-labour claims, raising export-risk concerns for manufacturers and traders. Digital Connectivity Push: ATU members adopted the Abuja Declaration to cut internet and smartphone costs via technology-neutral regulation, better spectrum/fibre access, consumer protection, and inclusion. Ethiopia Horticulture Exports: Ethiopia earned $490m from horticultural exports in 2025/26 and targets $575m in 2026/27, with flowers leading. Kenya Retail & Dining: Artcaffé plans new outlets in Eldoret and Mombasa as middle-class dining demand grows. Kenya Consumer Promotion: Nestlé Nigeria launched MILO’s nationwide Text & Win campaign for over 2m consumers, running July–September 2026. Conservation & Wildlife: An orphaned rhino calf in South Africa is receiving specialised care after poachers killed her mother. Morocco Natural Resources: A Sahrawi official says protecting natural resources is key to challenging Morocco’s economic control in Western Sahara. Ethiopia Weather Tech: Ethiopia and China are deepening AI-enabled meteorology and early-warning systems to improve disaster response.
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