AGP Executive Report
Last update: 2 hours agoSME Trade & Finance Push: ITC and Access Bank signed a three-year plan to expand SME financing, skills and market access across 14 African countries, starting with a Ghana pilot before rolling out elsewhere; Cameroon is included, but funding amounts and rollout dates for Cameroon weren’t specified. SME Growth Through Payments: J.P. Morgan selected Thunes to power Xpedite Remit, aiming to speed cross-border payouts for about 94 million Chase consumer and small business accounts—an example of how faster rails can matter for merchants and SMEs. SME Support in Cameroon’s Roads: Access Bank Cameroon is in talks with the Ministry of Public Works on financing road projects with completed studies, potentially unlocking new public-infrastructure opportunities for local suppliers. Energy for Business Continuity: USTDA will fund a feasibility study with Anzana Electric Group to expand hydropower and upgrade distribution in DRC and Zambia along the Lobito Corridor, targeting more reliable power for mines and millions of residents. Cooling for Livelihoods: Shell Foundation’s “Cooling Dividend” report finds affordable cooling can protect incomes for low-income workers and micro-entrepreneurs in Nigeria and Ghana, improving earnings and margins. Policy Pressure on SMEs (Nigeria): Nigeria’s digital tax compliance drive may raise first-year costs for SMEs, even as reforms aim to improve transparency. Entrepreneurship Infrastructure (Nigeria): Tinubu welcomed the $12m Abuja Centre for Entrepreneurship (ACE) to support 500 entrepreneurs, 400 start-ups and 1,500 MSMEs with training, tech and enterprise support.
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