AGP Executive Report
Last update: 8 hours agoEnergy Investment: Kenya Pipeline is weighing infrastructure bonds and bonus shares to preserve cash for major projects, including a planned Sh35 billion Mombasa oil-trading hub. The company reported an 13% rise in earnings, but a proposed Sh6 billion dividend would reduce its Sh20.5 billion cash balance. Manufacturing Costs: Manufacturers are asking the High Court to overturn a 433% excise-duty increase on imported industrial sugar, warning that the jump to Sh40 per kilogramme will raise costs, threaten jobs and weaken exports. Clean Technology: Finnfund has committed €10 million in debt to Bisedge Holdings to expand its electric forklift services in Kenya, Nigeria and Tanzania. Refinery Plans: A court has cleared the way for Aliko Dangote’s proposed $16 billion refinery project in Lamu, though a land dispute remains. Fuel Prices: Higher petrol, diesel and kerosene prices are adding pressure on households and businesses after the fuel subsidy ended.
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