AGP Executive Report
Last update: 6 hours agoSeychelles Economic Financing: The African Development Bank has approved a $34m loan for Seychelles’ Economic Resilience and Green Recovery Support Programme, the third phase of a wider $84m package since 2024, targeting economic governance, a better business environment, and climate resilience, with digital public financial tools like e-invoicing and e-procurement plus a one-stop investment portal. Crypto & Courts: Canada’s Supreme Court will review whether an Ontario court had jurisdiction to impose a statutory freeze in an alleged cryptocurrency fraud case tied to Seychelles-based Nest Exchange Ltd. Banking & Digital Assets: Absa says it has become Africa’s first bank to offer institutional crypto custody in South Africa, aiming to tap a $1.5bn market and expand across Africa subject to regulators. Seychelles in Maritime Response: India credits Seychelles with swift life-saving help for 17 fishermen after an engine failure off the Seychelles high seas. Tourism Connectivity Test: Seychelles tourism officials say aviation disruptions have reinforced the need to keep routes open, noting many visitors connect via Gulf hubs. Cybersecurity & Crypto Exchanges: Bitget says withdrawals resumed after a $388m hack, with customer withdrawals stabilising as it processes phased exits. Global Sanctions Watch: The US Treasury sanctioned Russia-linked A7 Network after tracing over $17bn in transactions, moving funds outside normal channels.
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