AGP Executive Report
Last update: an hour agoDangote Refinery IPO: Aliko Dangote has opened Africa’s biggest “people’s IPO” for his Lagos refinery, offering retail investors a 10-share bundle for $4 while keeping 87% control; the offer targets about $1.6bn to expand capacity. Fuel Subsidy Fallout: Nigeria’s petrol reform is biting harder as pump prices climb again, with motorists facing rising costs that ripple through transport, food, power and household spending. Energy Market Shock: Yemen conflict escalation and Houthi attacks on Saudi Arabia are intensifying Red Sea and regional oil-supply risks, adding pressure to global prices and shipping economics. Power Sector Reform (SA): South Africa’s Eskom restructuring moves toward an independent transmission operator, but regulators warn cheaper power is not guaranteed and tariff outcomes depend on approved costs. Digital + Power Convergence: Schneider Electric says electrification and digitalisation are merging into the key lever for resilient infrastructure across Middle East and Africa. Kenya AI Infrastructure: Kenya’s AI ambitions are driving new data-centre plans, including a proposed $1.5bn facility with dedicated generation and cooling. Electrification in Transport: Kenya’s electric mobility is scaling beyond pilots with buses, battery-swapping for riders, local assembly and financing—aimed at reducing reliance on imported petroleum. BRICS Diplomacy: India’s New Delhi BRICS summit reaffirmed priorities including food and energy security, while debates continue over representation and internal cohesion.
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