AGP Executive Report
Last update: 11 hours agoCEMAC Currency: From November 1, coins from the 1958, 1959, 1971, 1976 and 1985 series will no longer be legal tender in Equatorial Guinea and the bloc’s five other members. BEAC says holders will have a one-year exchange period, but has yet to announce where to exchange them. Gas Strategy: Equatorial Guinea is aiming to turn Punta Europa into a regional gas-processing and LNG hub. Alba, Alen and the planned Aseng tieback could lift feed gas from about 175 million cubic feet a day to more than 300 million, but further supply will be needed to sustain the facility as Alba declines. Business Credit: CEMAC’s average effective lending rate fell to 10.94% in the second quarter of 2026. Equatorial Guinea’s rate was 13.82%, above the bloc average. Regional Outlook: The World Bank raised its 2026 growth forecast for Sub-Saharan Africa to 4.3%, but projects per-capita GDP growth of just 1.8% and poverty at 47.8%, underscoring the challenge of turning economic growth into broader gains.
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