AGP Executive Report
Last update: 7 hours agoIndustrial Solar: Egypt’s Dandara project secured $66 million in AfDB financing for a 500MW solar plant and battery storage, supplying aluminium producer EgyptAlum under a 25-year deal. The project is expected to start operating in 2028. Power for Industry: South Africa’s Boshoek and Wonderkop ferrochrome smelters are restarting after new electricity-price agreements with Eskom. Merafe’s output was still down 46% in the first nine months of the year, with production expected to ramp up through year-end. Energy Finance: Afreximbank and the African Petroleum Producers’ Organisation have formally established a $5 billion Africa Energy Bank in Abuja to help fund energy projects as international financing becomes harder to secure. Regional Expansion: Kenya Pipeline is targeting KSh68 billion in annual revenue by 2030, looking beyond fuel transport to storage, trading, LPG, LNG, biofuels and power generation.
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