AGP Executive Report
Last update: 8 hours agoDangote IPO: Nigeria’s refinery is aiming for 10 million retail investors—more than double Saudi Aramco’s record—as it seeks up to $1.6 billion to double capacity. Uganda and Kenya have cleared access for local investors, though Kenya’s minimum purchase of KES 107,000 may limit participation. Infrastructure Deals: Brookfield committed ₹4,300 crore to acquire and develop eight Indian logistics parks, while AT&T, BlackRock’s GIP and CPP Investments are forming a U.S. fiber venture to accelerate network expansion. Capital Raising: Pennon plans a £550 million investor cash call as South West Water’s owner funds a £1 billion infrastructure overhaul, following a record sewage fine; the company has also cut its dividend. Markets and Spending: The U.S. dollar rose with oil prices as investors awaited Fed minutes, while rising bond yields are drawing money away from equities. Grid Investment: McKinsey sees annual global spending on power transmission and distribution potentially reaching $970 billion by 2050, more than twice its 2025 level, as electricity demand grows.
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