AGP Executive Report
Last update: 8 hours agoOil & Gas Deal: Galp is in talks to make its official debut in Equatorial Guinea by signing a tentative MoU for offshore exploration studies covering blocks EG-02, EG-09 and H, with work focused on prospect studies ahead of a possible production sharing contract. Regional Finance: Afreximbank appointed Peter Adeshola Olowononi as director of regional operations for Southern Africa, effective May 1, moving from client relations in Anglophone West Africa where he managed risk assets above US$12bn and helped expand financing for major projects. Trade & Agriculture: China will allow eligible coffee bean imports from all 53 African countries with diplomatic ties starting July 20, using unified phytosanitary requirements; Sao Tomé and Príncipe is among the applicants. Diplomacy for Business: South Korea’s Foreign Minister Cho Hyun held bilateral talks with counterparts including Sao Tomé and Príncipe to expand cooperation across economy, maritime security and development. Debt Watch: A roundup highlights African countries with relatively low IMF debt, pointing to more fiscal space for investment in services like healthcare and education.
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