AGP Executive Report
Last update: 4 hours agoMission 300 Electrification Push: The World Bank and AfDB say their Mission 300 has connected over 50 million people to electricity across 40 African countries in just two years, with progress driven by financing plus policy reforms across the power chain. Central Africa Borrowing Costs: In CEMAC, the cost of credit is rising fast—BEAC reports average lending rates hit 12.38% in Q1 2026, with Gabon jumping to 21.51%, keeping it the bloc’s most expensive banking market. Gabon Oil Update: VAALCO reports strong early results offshore Gabon, including the Ebouri-5H well delivering initial flow rates above 8,000 gross BOPD with low water cut, and notes rig moves to continue the 2026 drilling campaign. Regional Air Connectivity: Air Peace will launch new scheduled routes from Lagos to Douala, Libreville, Bamako and Conakry from August 1, aiming to boost trade and tourism across West and Central Africa. Illegal Fishing Crackdown: A new international push at the Our Ocean Conference targets illegal fishing with pledges focused on enforcement, vessel registries and corporate accountability.
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