AGP Executive Report
Last update: 9 hours agoTrade: Washington plans to remove South Africa and Rwanda from AGOA duty-free benefits from January 2027. South African citrus growers warn the move could threaten exports and jobs, though trade with the US will remain possible under standard tariffs. Beverages: Heineken is reviewing the role of wine in its South African portfolio, saying the category is dragging on performance. No sale of Nederburg or JC Le Roux has been announced. Business Conditions: Nigeria’s October PMI stayed in expansion at 55.7, with manufacturing and agriculture adding jobs, but rising fuel costs pushed up prices. Consumer Goods: Nigerian Breweries’ nine-month profit rose 33%, while foods supported Unilever Nigeria’s growth as personal care sales weakened. Investment: Aliko Dangote hosted an Egyptian delegation as he considers investing up to $15 billion in Egypt, including in industrial and manufacturing projects.
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