AGP Executive Report
Last update: 10 hours agoDigital Payments: Mastercard and Moovn signed a five-year deal to expand digital payments across East Africa, including merchant services and transfers. South Africa also plans to let licensed non-banks connect directly to its national payments system from 2027, potentially lowering costs and widening access for small firms. SME Finance: Capitec and GoTyme are using business cash-flow data, rather than traditional collateral, to assess loans for South African small businesses. In Nigeria, FCMB and the European Investment Bank will provide €85 million for agricultural value chains, with at least 70% directed to cocoa and dairy businesses. Business Skills: Lagos’s employment trust fund and Canva will offer 5,000 businesses free platform access and training in digital marketing, branding and AI. Township Economy: A South African commentary warns that complex, costly compliance can hurt informal traders and spaza shops; simpler rules could help businesses formalise without undermining their ability to survive.
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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