AGP Executive Report
Last update: 10 hours agoSafaricom Ownership Shock: A Nairobi High Court voided the government’s sale of a 15% stake to Vodacom, ruling Treasury concealed that the deal gave Vodacom effective control of M-Pesa; Vodacom and the Treasury say they will appeal and seek a stay, with shares ordered to revert to the state. Trade Finance Boost: EBRD launched a $100m (Sh12.97bn) dollar funding programme for Kenyan traders and manufacturers, with Co-op Bank executing the first $50m tranche using a cross-currency swap tied to Kenya’s new KESONIA benchmark. Milk Shortage Under Fire: Agriculture CS Mutahi Kagwe faced Senate grilling over the milk crisis, blaming reduced rainfall in high-production areas and promising improvements with rains and better handling of milk for storage. AI Governance Push: Parliament’s Communications committee says AI adoption must come with stronger oversight to protect citizens as automated systems increasingly shape decisions. Digital Infrastructure Investment: The US DFC will invest up to $155m in WIOCC to expand fibre, data centres and undersea cable networks across Africa. Startup Failures: Twiga Foods has entered administration, joining other heavily funded Kenyan startups that collapsed after raising over Sh93bn in total. Aviation Leadership: Kenya Airways named Habil Waswani as acting CEO, focusing on operational efficiency and a clearer turnaround plan. Tourism & Sports: Magical Kenya Open retained on the DP World Tour calendar for 2027, while FKF ex-boss Sam Nyamweya urged an independent caretaker to stabilise football ahead of AFCON 2027.
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.