AGP Executive Report
Last update: 3 hours agoCompliance and AI: A survey of more than 2,000 senior professionals found firms are processing regulatory changes faster, but confidence in compliance effectiveness has fallen. While 59% have embedded AI in core processes, only 34% say they could demonstrate AI governance to regulators. Investment and Jobs: South Africa approved 71 more companies for a scheme that streamlines visa processing, aiming to attract investment and fill skills gaps. Interest Rates: The Bank of England is widely expected to raise rates for the first time in more than three years, lifting its benchmark to 4% as inflation rises. Company Results: Safaricom’s first-half profit rose 36% as losses in Ethiopia narrowed, bolstering its push for growth beyond Kenya. Corporate Restructuring: Siemens Healthineers has begun separating its diagnostics unit ahead of a planned divestment; the business accounts for 17% of group revenue. CVS also plans to split its pharmacy and insurance operations into two companies, with completion expected in 2028. Asset Sales: Kraft Heinz agreed to sell its North American coffee business for $650 million and raised its full-year sales outlook.
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