AGP Executive Report
Last update: 6 hours agoInvestment Climate Watch: Nigeria surged four places to 8th in Bloomberg’s 2026 Africa investment risk ranking, with gains in economic strength, fiscal strength and external vulnerability; Botswana slipped two places as its growth outlook weakened. Capital Markets & Banking: Letshego Africa seeks P800m from shareholders to cut expensive borrowing and diversify funding, while Wise (with Capitec) prepares to expand in South Africa after conditional Reserve Bank approval. Pension & Finance: Pension fund assets keep rising, with offshore equities driving gains; Capricorn’s profit fell to N$1.87b as bad loans and credit impairment pressured earnings. FMD Shock to Trade: Namibia’s foot-and-mouth outbreak triggered an EU suspension of beef imports, with Cabinet approving a containment buffer zone and border fencing—an economic hit felt across the livestock value chain. Botswana Business & Growth: Statistics Botswana reported 8.7% GDP growth in Q2, following a prior-year contraction—two straight quarters of growth. Mining & Exploration: Jacaranda Natural Resources eyes an $8m–$10m IPO to fund gold and copper exploration in Botswana and Queensland. Tech & Connectivity: Paratus Namibia launched Eutelsat OneWeb LEO satellite services, targeting both residential and business connectivity. People & Policy: Pensioners and asylum seekers face ongoing pressures as welfare and refugee reception systems come under strain.
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.