AGP Executive Report
Last update: 39 minutes agoMobile Money: Safaricom named Boniface Mungania chief financial services officer as M-PESA revenue topped KSh100 billion in the first half and group net income rose 36% to KSh58.2 billion. Outsourcing: Kenya ranked the cheapest English-speaking call-centre destination among 18 countries, at about $9 an hour, strengthening its pitch to global firms. Investment: British International Investment plans to invest about KSh864 billion in Africa and attract a further KSh684 billion in private capital; US investors’ Kenyan portfolio holdings also climbed 45% to KSh258 billion in 2025. Trade: Kipchimchim Group opened a green orthodox tea factory in Nandi, aiming to reach premium markets and improve returns for smallholder suppliers. Refinery: A tribunal dismissed a consumer group’s petition seeking disclosure of details around Dangote’s planned Lamu refinery, but other legal hurdles remain. Public Finances: A study estimates illicit cigarette sales cost Kenya KSh47 billion in taxes from 2021 to 2025, with illegal products making up 45% of consumption last year.
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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