AGP Executive Report
Last update: 5 hours agoStartup Funding: The EU has opened its Innov’action competition for Congolese founders aged 18–35, offering 12 prizes of 1 million to 4.5 million CFA francs and six months of coaching and funding support for 24 entrepreneurs. Eligible fields include agriculture, renewable energy, environmental management and digital technology. Oil and Budget: Congo’s average fiscal oil price reached $91.51 a barrel in the third quarter. The 2027 budget plans 680 billion CFA francs in investment and targets 6.9% growth, with oil a key bet. Regional Business: Congo and Mozambique have signed cooperation agreements covering hydrocarbons, forestry, fisheries, maritime activity and small businesses, aiming to turn longstanding political ties into trade and jobs. Currency: Five older CEMAC coin series lose legal-tender status on November 1. Holders can exchange them through October 2027, with exchanges restricted to BEAC branches from August. Debt Risk: The World Bank lists Congo among countries facing acute debt vulnerabilities, underscoring pressure to restore public debt sustainability.
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