Post by Proshare (@Proshare)

Snapshot on the African Economy as @150526: Dangote Refinery at 99% Capacity. Ethiopia's $14bn Green Hydrogen Play. Egypt's $1.5bn Energy Loan.

Africa's week of May 15 was defined by three converging themes: energy sovereignty, digital transformation, and industrial deepening.

In Nigeria, Dangote Refinery operated at 99.12% capacity, supplying 91.7% of domestic petrol needs as crude supply from the FG and IOCs rose 103.4% in four months, while Dangote rejected NNPC's bid to increase its stake. Nigeria also sealed a €365m Germany investment partnership and added 600MW to the national grid.

In East Africa, Kenya signed a Sh10.6bn sustainable aviation fuel refinery deal, Ethiopia secured a $14.1bn green hydrogen licence from China's Ming Yang, and Djibouti began a $160m fuel hub. Egypt signed a $1.5bn ITFC food and energy loan, announced a Nile Delta gas discovery, and launched a digital visa-on-arrival system. Ghana's economy expanded by 7.7% in February, while Mozambique ended 2025 in recession, with debt at 72.23% of GDP.

https://proshare.co/articles/weekly-snapshot-on-the-african-economy-as-150526?menu=Market&classification=Read&category=Global

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