AGP Executive Report
Last update: 11 hours agoDigital Payments Push: Nigeria’s CBN rolled out Payments System Vision 2028, aiming for 95% financial inclusion and faster digital transactions, with tighter controls to cut electronic fraud. Capital Markets Upgrade: Nigeria’s NGX became the first in Africa to move to a T+1 settlement cycle, shortening the time for trades to settle and aligning with global markets. Fintech Leadership Change: Yoco named Carsten Höltkemeyer as CEO, handing over from Katlego Maphai after the firm’s push to democratize payments for small businesses. Consumer Finance Growth: Nigeria’s banks expanded personal loans to about N1.96tn in January 2026, showing consumer credit demand is rising. Fuel & Food Pressure: South Africa’s diesel shock is hitting logistics and production costs, while Nigeria’s petrol prices jumped sharply after subsidy removal and later Middle East disruptions. Agriculture Inputs: Senegalese farmers are shifting toward organic compost as fertiliser prices rise amid global supply strain. Public Services Strain: Johannesburg’s finances are in crisis, with major debts and an emergency loan raising concerns for service delivery. Misinformation Alert: Bolt Kenya denied a fake notice claiming it would exit Kenya on June 8, saying operations remain fully running. Regulation Watch (SA): South Africa’s Conduct of Financial Institutions (COFI) Bill is set to force a major relicensing shift focused on what firms do, not what they are.
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.