AGP Executive Report
Last update: 3 minutes agoEnergy & Regional Trade: Algeria’s state energy group Sonelgaz signed two memorandums with Senegal’s Senelec, aiming to transfer Algerian engineering, equipment and training across Senegal’s electricity and gas value chain—an expansion that already spans Mali, Niger, Cameroon, Benin and Mauritania. Project Finance (Mauritania): Mauritania and France signed a concessional loan for €39.2m to build 10 solar power stations with storage, targeting wider rural access and reducing urban-rural gaps. Water Infrastructure (Mauritania): Abu Dhabi Fund for Development agreed to finance drinking-water supply for Kiffa and nearby towns from the Senegal River, with a $30m contribution toward a larger $320m project. Uranium Development (Mauritania): Aura Energy named its leadership team to move the Tiris uranium project from study to construction; the bankable feasibility study is now due mid-October, with financing targeted before year-end. Banking Deal (West Africa): Société Générale agreed to sell its 60.22% Ghana stake to Attijariwafa Bank (55.22%) and SSNIT (5%), reshaping ownership and operations pending approvals. Mobility & Travel Policy: The US expanded a visa bond programme for B1/B2 visitor visas, with 50 countries listed and 30 African nations affected; Mauritania is among those flagged for potential bond requirements.
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