AGP Executive Report
Last update: 2 hours agoConsumer Business: Kenya’s Kenafric Group launched a $10 million fund to back established African food, beverage, beauty and retail businesses, offering investments of up to $2 million. Online Retail: Jumia Nigeria’s Black Friday campaign starts today, with deals across major product categories and brands including NIVEA and Xiaomi. Company Results: Nestlé Nigeria’s nine-month pre-tax profit rose 51.5% to ₦193.88 billion, helped by stronger margins and lower finance costs. Digital Payments: MTN Congo’s MoMo and distributor UbiPharm are digitising payments between pharmaceutical suppliers, pharmacies and customers. Product Safety: Nigeria’s NAFDAC destroyed counterfeit and expired goods worth ₦8 billion in Nasarawa, while the NCC says its new phone checker helps buyers identify counterfeit devices and does not access personal data. Mobile Money: Safaricom’s M-Pesa reached 41.68 million active users in the year to March, up 14.5% year on year.
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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