AGP Executive Report
Last update: 8 hours agoRegulation & Risk: China’s lawmakers are reviewing a draft financial law aimed at “high-quality” sector development, tightening regulation, and adding life-cycle oversight for financial institutions. Digital Finance in Africa: Uganda’s Centenary Bank launched Gonza Pay, a bank-backed digital wallet meant to pull cash-heavy customers into easier, more inclusive payments. Banking Security: Nigeria’s police opened an investigation after a parcel with two live rounds was delivered to First Bank MD Oluwasegun Alebiosu’s home. Terror-Finance Crackdown: The US blacklisted Nigerian individuals and Bureau de Change firms tied to alleged ISIS money movement across borders. Court & Banking Recovery: UK courts ordered Nirav Modi to repay Bank of India over $10.7m in a personal guarantee loan recovery case. Capital Markets & Deals: Stegra secured €1.4bn to finish Europe’s hydrogen-based steel plant; Arcapita and Hines plan a GCC industrial/logistics real estate platform; Vinpearl raised $255m via convertible dividend preference shares. Central Banking Watch: Bank of Japan Governor Ueda said Middle East developments and AI-related profitability risks must be scrutinized for financial stability. Infrastructure & Inclusion: BRICS-backed NDB approved a $1bn loan for South Africa’s municipal infrastructure upgrades, while Pacific ministers were urged to speed financial inclusion.
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