AGP Executive Report
Last update: 8 hours agoLamu Mega-Refinery: Kenya officially broke ground on Dangote’s $16bn, 700,000 bpd refinery in Lamu, targeting 40-month completion and linking the project to industrial jobs, petrochemicals and power generation. Project Finance & Tech: Dangote selected Honeywell Technologies for a ~$300m scope, with the deal designed to speed delivery using proven designs; Honeywell UOP is also set to earn a commission per barrel processed. Regional Energy Trade: Rwanda received its first petroleum shipment via Kenya under a new government-to-government framework, with Mombasa expected to handle more volumes through the Northern Corridor. Shipping & Connectivity: Hyundai Merchant Marine plans a weekly Mombasa–India service via Nhava Sheva, reinforcing the port’s role as a regional hub. Business Climate Warning: The World Bank cautioned that Kenya’s high taxes, bribery risks, licensing hurdles and utility costs are weighing on private investment. Digital & Consumer Risks: Kenya Power confirmed its X customer-care account was hacked, urging customers to use official channels. Governance & Compliance: The High Court dismissed Kiambu Governor Wamatangi’s bid to stop an EACC KSh813.1m asset recovery case. Health Oversight: Concerns rose over lab inspections relying on virtual reviews, with fears over safety and quality control.
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