AGP Executive Report
Last update: an hour agoLamu Refinery Contracts: Construction of Dangote’s $16bn, 700,000-bpd East Africa oil refinery in Kenya’s Lamu has kicked off, with early engineering and technology firms winning major roles—India’s EIL as project management and Honeywell supplying process technologies and catalysts—aiming to cut build timelines and create up to 60,000 jobs. Land & Legal Tensions: The project’s launch comes amid protests and court action over land acquisition and compensation, including a Malindi court order tied to disputed plots. Regional Energy Push: Leaders from across East Africa backed the refinery as a self-sufficiency drive, with feedstock expected from neighboring producers and plans for power generation and fuel supply across the region. Burundi-Tanzania Cooperation: In Bujumbura, Burundi and Tanzania began a two-day Joint Permanent Commission meeting to review trade, transport, agriculture, energy, minerals and other cooperation areas. Finance Expansion: NCBA Group signals a push into DRC and Ethiopia via acquisitions as it expands beyond its current East African footprint. Trade & Transport Link: Kenya announced plans to extend the Standard Gauge Railway from Voi toward the Tanzania border to boost cross-border freight and passenger movement. Burundi Alcohol Controls: Burundi suspended production and sale of certain high-alcohol beverages, requiring affected operators to re-register and apply for licenses under tighter enforcement.
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