AGP Executive Report
Last update: 31 minutes agoCurrency: Five older CFA-franc coin series lose legal-tender status across CEMAC on November 1. Holders in Congo can exchange them through October 31, 2027, with bank and microfinance exchanges ending in July. Oil: Congolese tycoon Lucien Ebata says Trident OGX aims to lift production from about 2,500 barrels a day to as much as 45,000–50,000 within two years, developing the Mengo-Kundji-Bindi fields. Trade: Congo and Mozambique signed cooperation agreements covering hydrocarbons, forests, fisheries, maritime activity and small businesses, with both governments urging stronger commercial ties. Public finances: Congo’s IMF talks on a possible new financing programme are set to continue after an initial round in Brazzaville. Moody’s has also placed Congo among eight sub-Saharan countries with a positive outlook. Investment: The 2027 budget plans 680 billion CFA francs in investment and targets 6.9% growth, with oil central to the outlook.
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