AGP Executive Report
Last update: 10 hours agoFood Production: Algeria’s “Made in Algeria” agri-food fair brings about 100 companies together to showcase local dairy, drinks, pasta, confectionery and other products. Import Reliance: Nigeria spent $1.19bn on food imports in the first half of 2026, up 11.4% year on year, highlighting the challenge of replacing foreign supplies with local production. Consumer Safety: NAFDAC destroyed counterfeit and substandard goods worth ₦2.6bn in Rivers State; South African authorities are also warning that unapproved weight-loss drugs are being sold by social media influencers and others. Retail: Shoprite’s sales rose 7.2% to R270.8bn in its latest financial year, while its Sixty60 delivery service grew 34.5%. Payments: Onafriq is shutting its Baxi agent-banking business in Nigeria, giving agents 30 days to withdraw funds, but says it will continue other payment services. Fuel Prices: Nigeria’s new petroleum-trading platform aims to improve price transparency, but regulators say it does not guarantee cheaper petrol or set a price cap.
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.
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