AGP Executive Report
Last update: 8 hours agoCEMAC Lending Pressure: Gabon is seeing the steepest jump in borrowing costs in the region, with average bank lending rates rising from 14.48% in Q1 2025 to 21.51% in Q1 2026, making the country the most expensive credit market in CEMAC. Cameroon Credit Market Shift: In Cameroon, commercial banks still dominate lending (99.65%), but among financial institutions the leadership changed: SCE surged to 41.05% market share while Alios Finance Cameroon fell to 25.83% after an ownership change. EU Support for Digital and Forests/Cocoa: The EU signed three grant deals in Yaoundé worth over CFA37bn to boost Cameroon’s digital economy and strengthen cocoa and timber value chains, with spillover support for Gabon and other Central African states. Mission 300 Electrification Milestone: The World Bank and AfDB say Mission 300 has connected over 50 million people to electricity across 40 countries, nearly doubling the pace since launch, with 4.5m Nigerians and 7.5m Tanzanians among the beneficiaries. Air Peace Adds Gabon Route: Air Peace will launch Lagos–Douala–Libreville–Douala–Lagos flights from August 1, 2026, expanding links across West and Central Africa. Offshore Gabon Oil Update: VAALCO reports encouraging early results from the Ebouri-5H well offshore Gabon, now on production with an initial flow rate above 8,000 bbl/d and low water cut.
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