AGP Executive Report
Last update: 12 hours agoOil & Gas: VAALCO Energy says it has completed offshore Gabon Phase 3 drilling, with the ETSEM-3H development well placed on production and an initial stabilized flow of about 2,000 gross bpd (1,140 bpd net to Vaalco), while Côte d’Ivoire’s Baobab Phase 5 drilling has started and first production is expected near end-2026. Public Health & Trade: A UNODC/WHO/CEMAC report warns that medicine trafficking is a major Central Africa threat, citing at least 251 tonnes of seized medicines across Cameroon, CAR, Chad, Congo, Equatorial Guinea and Gabon from 2020-2025, including counterfeit and unapproved drugs. Governance & Finance: BEAC reports CEMAC banks’ non-performing loan ratio fell to 15.4% at end-June 2026 from 17.4% a year earlier, signaling improving credit quality. Regional Economy: The World Bank raised its 2026 Sub-Saharan Africa growth forecast to 4.3% (+0.3 points), pointing to reforms and stronger domestic demand. Business & Mobility: Egypt signed cooperation deals with South Africa and Equatorial Guinea covering trade, investment and sectors including agriculture, tourism, aquaculture and pharmaceuticals. Energy Deals: African Energy Week 2026 (Oct 12-16, Cape Town) is set to bring thousands of delegates for investment forums and deal-making across Africa’s energy value chain.
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