AGP Executive Report
Last update: 8 hours agoSouth Africa’s Local Elections: More than 29 million voters are choosing municipal councils in a test of ANC support, amid anger over unreliable water and electricity, unemployment and crumbling infrastructure. Major cities, including Johannesburg, could face fresh coalition battles. Trade and Industry: Washington plans to end South Africa and Rwanda’s duty-free access under AGOA from January 2027, putting pressure on exporters and jobs. Namibia has separately halted livestock movements, slaughtering and meat exports after foot-and-mouth disease reached its commercial livestock zone for the first time in 60 years. Regional Integration: ECOWAS experts are working to harmonise monetary and financial statistics, aiming to improve economic monitoring and support closer integration. Mozambique’s Growth Plans: Investments of about $4.5 billion are under way in the Nacala corridor, alongside major projects in the Maputo and Beira corridors. The African Development Bank says Mozambique needs roughly $11 billion a year to meet its development goals. Economic Outlook: The IMF expects sub-Saharan Africa to grow 4.5% in 2026, but warns that inflation, debt costs and climate shocks threaten the recovery.
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