AGP Executive Report
Last update: 2 hours agoElectrification 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, nearly doubling the pace since launch and aiming for 300 million connections by 2030—an approach that funds generation, transmission and last-mile distribution. Borrowing Costs in CEMAC: A BEAC report shows lending rates across Central Africa climbed in Q1 2026, with Gabon hit hardest as average rates jumped to 21.51%, reinforcing pressure on households and businesses. EU Support for Digital, Cocoa and Timber: Cameroon received EU grants worth over CFA37 billion to boost its digital economy and strengthen cocoa and forestry value chains, with spillover plans that include Gabon. Air Connectivity for Trade: Air Peace will add new scheduled routes from Lagos to Douala, Libreville, Bamako and Conakry starting August 1, 2026, boosting regional business and tourism links. Gabon Oil Update: VAALCO reports progress offshore Gabon, including production from the Ebouri-5H well and rig moves to continue drilling on the SEENT platform. Public Health Research: KNUST joined the DENSTAR project to advance a dengue vaccine, with Phase III trials planned in Africa and funding topping €11 million.
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