AGP Executive Report
Last update: 12 hours agoMarket Turmoil: A sharp tech selloff erased about $2.5 trillion from Nasdaq-listed stocks as investors reassessed AI spending and the risk of tighter data-center rules. Anthropic’s planned IPO is also facing pushback, with prospective investors questioning its $1.5 trillion valuation and whether to delay the offering. Capital Flows: Kenya’s foreign investment inflows jumped 170.5% to a record $2.74 billion, while growth reached 5.2%, according to the World Bank. In India, overseas direct investment rose 40.8% in 2025-26, far outpacing the 8.5% increase in foreign inflows. Banking and Litigation: KPMG agreed to pay $224.5 million to settle claims over its audits of collapsed Silicon Valley Bank. Separately, an Ontario court certified a class action accusing TD Bank of misrepresenting its anti-money-laundering controls. Startup Funding: Sierra Leone is helping local founders prepare for international investment, with a venture capital executive advising them on financial records, market research and credible forecasts.
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