AGP Executive Report
Last update: 6 hours agoAfDB Annual Meetings in Brazzaville: Africa’s growth is projected at 4.2% in 2026 (up to 4.4% in 2027), with leaders pushing a shift toward mobilising development finance at scale amid tighter global conditions. Financing Gap Focus: The AfDB and partners unveiled frameworks to tackle Africa’s roughly $400bn annual development-financing gap, including efforts to unlock $250bn from development finance institutions and support Mission 300 power access. Water & Sanitation Urgency: ECA’s Claver Gatete warned Africa needs $50bn a year for clean water and sanitation but invests only $12–15bn, leaving hundreds of millions without safe services. Trade Finance Pressure: AfDB data shows Africa’s trade finance shortfall at $74–92bn (2024) and warns it could widen again by 2027 as correspondent banking tightens. Aviation Deal Momentum (Nigeria): Nigeria signed an LOI/partnership with the AfDB to modernise aviation infrastructure and connectivity under a $7bn integrated aviation transformation programme, with Festus Keyamo highlighted as the programme champion. Congo Banking Liquidity: BEAC injected CFA500bn liquidity into Cemac banks, keeping the offer steady despite shifting demand. Debt Management Example (Angola): Angola reported a $750m tender buyback for 2028/2029 Eurobonds, echoing a broader regional push to extend maturities. Ebola Policy Clash (Kenya/US): A Kenyan court suspended a US plan for an Ebola quarantine facility for Americans, pending hearings.
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