AGP Executive Report
Last update: 3 hours agoClean Energy: An EBRD-led financing package of up to $566 million will support a 1.2-gigawatt solar plant and 600-megawatt-hour battery system in Minya, billed as Africa’s largest. The project will sell power to Egypt’s electricity transmission company under a 25-year deal. Climate Risk: The Central Bank of Egypt trained 25 representatives from 11 COMESA central banks on factoring climate risks into financial stress tests. Food and Climate: Global food prices face renewed pressure from drought, higher farming costs and shipping disruptions; the report says bread prices in Egypt have risen by a quarter. Oil and Gas: Egypt reported 113 oil discoveries and brought 591 wells into production over two years, underscoring the country’s continued push to raise fossil-fuel output alongside its renewable-energy expansion.
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