AGP Executive Report
Last update: 11 hours agoIndustrial Investment: Kenya is promoting a Sh2.6 trillion investment pipeline, while a proposed $700 million power and AI-data-centre project in Mombasa’s Dongo Kundu zone could add up to 1,000 megawatts of capacity. Fintech: South African startup Lumepay has raised $6 million and secured Central Bank of Kenya clearance for its cross-border payments platform, now serving businesses in Kenya and other African markets. Banking: Co-operative Bank’s nine-month profit rose 27.2% to Sh27.43 billion, prompting a 50% increase in its interim dividend. Absa, meanwhile, has added five investment funds to its digital platform as Kenya’s unit-trust market nears Sh1 trillion. Trade: Sudan has lifted its 20-month ban on Kenyan tea imports, reopening an export market after high-level talks. Retail Watchdog: The Competition Authority is investigating major supermarkets over alleged unfair supplier terms; violations can attract fines of up to 10% of annual sales. Digital Payments: Airtel Money users can now transfer funds to bank accounts through Pesalink, which connects 30 financial institutions.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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