AGP Executive Report
Last update: 6 hours agoEnergy Infrastructure: Meridiam, a French infrastructure investor, has agreed to buy a controlling stake in the company behind the Cyprus-Greece Great Sea Interconnector, a major step toward ending Cyprus’ electricity isolation and boosting cross-border power flows. Public Finance Digitisation: Cyprus’ gov.cy now lets eligible government workers and pensioners change the IBAN for salary or pension payments online, cutting paperwork via a verified CY Login and uploaded proof. Wealth & Banking Deals: FNZ will sell its German FNZ Bank business to Advent International and HarbourVest, with completion expected in 2H 2027, while keeping the partnership in Germany. Markets & Macro: Gold and silver slipped as oil rose and Treasury yields firmed, while investors weighed Middle East deal uncertainty; the yen also weakened. Investor Base Growth (Pakistan): Pakistan’s PSX crossed 600,000 investors in July, driven by Gen Z and first-time retail participation. Corporate Earnings: Sun Life Financial reported Q2 profit up 41% to $1B, supported by favourable public equity markets. Trade Finance (Kenya): KNCCI and Co-operative Bank of Kenya expanded their push to widen access to trade finance for farmers and MSMEs. FX Watch (Nigeria): The naira extended depreciation at the official market, trading around N1,364.88 per dollar. Wealth Management Hiring: Tufton Investment Management appointed a new head of investor relations as it expands its natural resources strategy.
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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