AGP Executive Report
Last update: 10 hours agoSmall-Business Lending: Banks extended Sh424.7 billion in new loans to MSMEs in the nine months to September—30% more than in all of 2025. Equity and Co-operative Bank supplied nearly half, highlighting both rising credit and its concentration among major lenders. Markets: Quickmart shares jumped 33% on its NSE debut, valuing the retailer at about Sh40 billion, as MPs called for a special audit of the share sale. Co-op Bank also reported a 19.6% rise in third-quarter profit to Sh35.9 billion. Tax Compliance: KRA is tightening checks on VAT registrations to target businesses suspected of facilitating false claims, while reviewing procedures amid complaints of delays. Digital Economy: Oracle and the government are advancing plans for a local cloud region and training for 30,000 Kenyans, aiming to build local hosting capacity and digital skills. Trade: Sudan has lifted a 20-month ban on Kenyan tea, reopening a market after talks between President William Ruto and Sudan’s prime minister.
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.
Perspectify News
