AGP Executive Report
Last update: 5 hours agoElectricity Access Push: World Bank and AfDB’s Mission 300 says it has connected over 50 million people to electricity across 40 African countries, delivering power access at nearly double the pace since the initiative began, with Tanzania (7.5m) and Ethiopia (4.6m) among the biggest gains. Borrowing Costs in CEMAC: BEAC data show the cost of credit is rising across Central Africa, with Gabon posting the steepest jump in average lending rates to 21.51% in Q1 2026, reinforcing pressure on households and businesses. Cocoa Price Slump: CEMAC agricultural export prices fell sharply in early 2026, with cocoa driving the decline as cocoa prices dropped 24.6% and analysts point to shifting global supply conditions. EU Support for Digital, Cocoa and Timber: The EU approved grants worth over CFA37bn for Cameroon, including programs to boost the digital economy and support sustainable cocoa farming and forestry—also benefiting Gabon and other Central African states. Air Connectivity for Trade: Air Peace announced new scheduled routes linking Lagos with Douala, Libreville, Bamako and Conakry from August 1, 2026, aiming to strengthen regional business and tourism links. Gabon Oil Focus: Record Resources says it sold non-core rights at Lake Temiskaming to prioritize its Gabon oil and gas assets, including the Ngulu block.
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.
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