AGP Executive Report
Last update: 11 hours agoEV Investment: Spiro secured a $215m equity round to scale electric mobility across Africa, using the funds to expand its battery-swapping network, grow manufacturing/assembly, and push into new markets; it already operates in Benin, Nigeria, Kenya, Rwanda, Uganda, Togo and Cameroon. Regional Diplomacy: Benin’s new president Romuald Wadagni is resetting ties with Sahel states, visiting Niger and Burkina Faso and backing a plan to reopen the Benin–Niger border via a joint expert mechanism. Trade & Industry Deal: Wilmar and TGI Group agreed a 50:50 joint venture covering upstream agriculture through processing and distribution across Nigeria and Benin, aiming to close food production and distribution gaps. Public Sector Skills: Edo State (Nigeria) launched digital workforce training for civil servants, focusing on digital literacy and public service delivery. Energy & Business Environment: Nigeria’s Discos collected N196.13bn in March against N246.43bn billed, leaving about N50.3bn uncollected, underscoring pressure on power-sector cashflow. Security & Governance: Nigeria’s Supreme Court justice warned that democracy weakens without judicial reforms, while protests over school abductions and calls for security overhaul spread nationwide. Drug Enforcement: Edo NDLEA reported 48 arrests and 541.47kg of drugs seized in May.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.