AGP Executive Report
Last update: 2 hours agoRoad Safety & Licensing: South Africa’s Department of Transport is proposing to extend driving licence card validity from five to 10 years, aiming to cut renewal backlogs and reduce time lost at licensing centres (professional drivers would still renew every two years with medical and criminal checks). Fuel & Cost Pressure: Fuel stations across South Africa are packed as motorists rush to beat midnight petrol and diesel price hikes of more than R3 a litre, with economists warning the shock could feed back into inflation and household food costs. Maritime Trade & Ports: DP World has secured a 10-year extension to its Port of Luanda concession in Angola through 2051 and plans a $90m upgrade, including capacity expansion to over 1.2m TEU and new cranes to handle larger vessels. Logistics Markets: Crude tanker freight rates keep climbing, with the Saudi Arabia–China VLCC benchmark hitting a new all-time high, driving a “cascade” into other tanker segments. Aviation Infrastructure: Nigeria’s government has ordered China’s CCECC to resume work on Abuja airport’s second runway, after decades of delays and rising costs. Energy & Power: Orb Energy won $2m from KawiSafi Ventures to expand commercial and industrial solar across East Africa, targeting Kenya and nearby markets.
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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