AGP Executive Report
Last update: 10 hours agoValue Addition: Ethiopia has launched its first gold refinery, a $50 million venture designed to process domestic and regional gold and keep more refining and sales on the continent. Investment: Dangote has extended its refinery IPO deadline to October 27, giving investors in more African countries time to participate. Finance: Africa’s new credit rating agency aims to tackle high borrowing costs as debt payments squeeze funds for health and education. Skills and Technology: Tanzania is sending students abroad to study fields including AI and data science, while the World Bank urges African countries to adopt affordable AI tools suited to local needs. Poverty: A new UN index finds multidimensional poverty has risen globally, affecting 1.2 billion people; most live in sub-Saharan Africa and South Asia. In Angola and Zambia, poverty rates fell, but population growth drove up the number of people affected.
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