AGP Executive Report
Last update: 9 hours agoRegional Payments & Trade: Central Africa is moving to cut dollar dependence by integrating BEAC into PAPSS, letting member states settle cross-border deals in national currencies faster and cheaper, with potential savings of up to $5bn a year in fees. Oil & Gas Output: OPEC crude production rebounded in July, rising by about 1.7m bpd; Equatorial Guinea was among the countries that increased output (up 10,000 bpd), while Nigeria saw declines. Aviation Services: RENAC says demand for ground handling is rising at King Mswati III International Airport, with new negotiations underway with a foreign airline operator and continued service for multiple international firms. Cybersecurity Push: Uganda’s police forensics chief warns Africa’s growing digital economy needs stronger “brick wall” safeguards as cybercrime spreads across borders, citing a Rwanda bank attack with funds moved into Uganda. Food Security Focus: Regional initiatives are shifting from emergency food aid to longer-term resilience against climate shocks, with West Africa and the Sahel facing worsening hunger levels. Energy Market Note (Nigeria): A report highlights cooking gas trade imbalances involving imports from the US and Equatorial Guinea, underscoring regional energy supply and pricing pressures.
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