AGP Executive Report
Last update: 5 hours agoCocoa Price Shock: Ivory Coast will keep the cocoa farmgate price at 1,200 CFA francs per kg for the main harvest, a move that disappoints farmers after months of sector turmoil and a near-60% cut in March. Ride-hailing Shake-up: Uber has shut down operations in Nigeria and Uganda effective Sept. 2, ending services after more than a decade in Nigeria and about ten years in Uganda, while saying the retreat is limited to those markets. Urban Mobility Safety: Yango says its 2024–2025 safety upgrades cut reckless driving incidents across Africa by 38%, with Côte d’Ivoire down 35%, alongside privacy tech and 24/7 emergency support. Creative Economy & IP: Ivorian designer Loza Maléombho is expanding beyond fashion with Pokou, an African creative universe blending Baoulé heritage and AI for digital experiences and intellectual property. Cocoa Belt Finance: In Côte d’Ivoire’s cocoa-growing Bringakro, women’s savings groups supported by Nestlé and the International Cocoa Initiative are helping fund borrowing, businesses, and household resilience. Oil & Gas Project: Wison New Energies has started first steel for Eni’s Baleine Phase 3 FPSO offshore Côte d’Ivoire, targeting major oil and gas output once on stream. Mining Update: Aurum Resources reports high-grade gold intercepts from ongoing drilling at Boundiali (BST1), supporting potential resource growth ahead of a future MRE update. Business & Markets: Foreign investors sold shares worth Sh4.55bn on Kenya’s Nairobi bourse in August as blue-chips rallied, a reminder of shifting regional capital flows.
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.