AGP Executive Report
Last update: 2 hours agoDangote Lamu Refinery: Aliko Dangote and Kenya’s William Ruto broke ground on a $16bn (about Sh2.2trn) East Africa refinery in Lamu, targeting completion in 40 months and 700,000 barrels per day, with promises of major jobs and an industrial ecosystem. Local Industry Contracts: Early engineering and technology deals are already landing, including Engineers India and Honeywell, as the project ramps up. Equity and Financing: Kenya says it may increase its stake beyond 10% if neighbours opt out, while the project is largely borrowings-backed. Land and Protests: The launch comes amid court and community challenges over land acquisition, displacement and compensation. Elections and Peace: AU and C5 leaders, including Ramaphosa, urged South Sudan to uphold the 2018 peace deal and fix remaining electoral issues ahead of December polls. Banking and Staff: The Bank of South Sudan honoured 11 veteran retirees, marking leadership transitions in the financial sector. Cross-Border Trade: Abyei’s Ngok Dinka and Misseriya peace committees agreed to reopen the Amiet market under UNISFA monitoring after deadly violence. Regional Energy Links: Kenya and Rwanda’s fuel corridor moved forward with the arrival of a first refined fuel cargo via Mombasa.
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