AGP Executive Report
Last update: 11 hours agoAfrica Energy Bank: Afreximbank and APPO formally launched the $5 billion institution in Abuja, naming Egypt’s Helmy Ghazi as its first president. It aims to help close Africa’s estimated $200 billion energy investment gap and finance projects across the value chain. Nuclear Power: Ghana says Russia will support development of a proposed 2,000 MW nuclear plant to bolster power security and industrial growth; talks are under way, but no construction contract was announced. Rosatom also says it is in advanced talks with Egypt, Namibia, Tanzania and Togo on floating nuclear stations. Nigeria’s Refining Push: Seven modular refineries are expected to start operating in 2027, adding a projected 83,000 barrels per day of capacity. Dangote Refinery says its IPO attracted ₦2.15 trillion in applications from investors across all 54 African countries. Upstream Growth: Oando reported a 14% rise in average production to 42,985 barrels of oil equivalent per day in the first nine months of 2026, alongside higher revenue and improved operating performance.
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