AGP Executive Report
Last update: an hour agoDangote Refinery IPO: Aliko Dangote launched the “people’s IPO” for Dangote Petroleum Refinery, aiming to raise up to $2.1bn and prioritise retail and small investors if oversubscribed, as the offer targets broader public ownership of Africa’s biggest refining bet. Red Sea Energy Shock: Houthi moves around Yemen’s Zuqar and the Bab el-Mandeb area are tightening control of a key shipping chokepoint, raising risks for global fuel flows and adding pressure to already strained supply routes. South Africa Gas Cliff: South Africa is racing to secure gas as Mozambique-linked supplies decline, with industry warning that bridging plans won’t solve the long-term risk; the issue is set to dominate the Africa Gas Forum alongside Africa Energy Indaba 2027. South Africa Hydrogen Momentum: Ramaphosa launched the first wave of green hydrogen projects, while a green hydrogen deal book highlights developer-investor push for hydrogen-enabled industrial decarbonisation. South Africa Grid & Storage Policy: A new internal appeal process is proposed for disputes involving NERSA decisions, and local battery makers secured a 15% import tariff win as they push for stronger inclusion in renewable energy programmes. Renewables Industrialisation (Egypt): Egypt signed a deal to build a 2,000MW wind project with local turbine manufacturing in the Gulf of Suez, positioning the model as a template for Africa’s renewable buildout. Oil & Services (Cyprus): Halliburton won a well services contract for Eni’s Cronos ultra-deepwater project offshore Cyprus, covering drilling, automation and completions. Kenya Port Fuel Inflows: Kenya Ports Authority says 51 vessels are set to dock at Mombasa and Lamu, including multiple fuel tankers delivering base oil, motor gasoline, fuel oil and gasoil.
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