AGP Executive Report
Last update: 11 hours agoCEMAC Currency: Five older CFA franc coin series will lose legal-tender status across the six-country bloc, including Equatorial Guinea, on November 1. Holders will have a one-year exchange period, though BEAC has yet to announce where and how exchanges will take place. Gas Investment: Equatorial Guinea is seeking to turn Punta Europa into a regional gas-processing and LNG hub. Current and planned supply from Alba, Alen and Aseng is expected to rise above 300 million cubic feet per day, but more gas will be needed to sustain the facility as Alba declines. Borrowing Costs: CEMAC’s average effective lending rate fell to 10.94% in the second quarter of 2026. Equatorial Guinea’s rate was 13.82%, above the bloc average, while rates ranged from 8.31% in Cameroon to 21.51% in Gabon. Regional Outlook: The World Bank raised its 2026 Sub-Saharan Africa growth forecast to 4.3%, but projects per capita growth of just 1.8% and says 47.8% of the region’s population will remain in poverty.
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