AGP Executive Report
Last update: 12 hours agoVision 2060 Consultations: President William Ruto has kicked off a nationwide conversation on Kenya’s development beyond Vision 2030, gathering 5,000 delegates from all 47 counties at KICC to shape a long-term economic blueprint meant to outlast election cycles. IMF Talks: Kenya has revived discussions with the IMF for a new support programme, with CBK saying an IMF team is expected in Nairobi soon, potentially bringing tougher fiscal and reform conditions. Mombasa Port Efficiency: KRA and Kenya Ports Authority agreed to fast-track cargo clearance at Mombasa Port, including harmonised shifts and 24/7 gate operations, to ease congestion and support trade. Banking Results: Co-op Bank posted record H1 performance, with profit up 28% to Sh18b, driven by subsidiary revenue growth and an improving loan book. Regional Finance: KCB regained top spot as East Africa’s largest bank by assets, reporting stronger deposits, lending and profit growth. Tech & Privacy: A German rights group filed a criminal complaint against Meta over smart glasses privacy concerns, adding pressure to camera-enabled wearables. Road Safety Funding: NTSA told lawmakers it collects about Sh9–10b annually but can retain only a small portion, limiting its road safety interventions.
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