AGP Executive Report
Last update: 4 hours agoBusiness Costs: Kenya’s private sector expanded for a second month in October, with the PMI rising to 52.5, but higher fuel, transport and purchasing costs pushed firms to raise prices and squeezed consumers. Growth Outlook: The World Bank raised Kenya’s 2026 growth forecast to 4.6%, while warning that corruption is holding back economic progress. Infrastructure: The Bank says Kenya may have overpaid up to Sh117 billion for the Mombasa–Naivasha SGR, citing uncompetitive contracting and problems with land compensation. Banking & Markets: Nedbank took control of NCBA in a KSh107.7 billion share transaction, as the Kenyatta family’s $132 million payout began. Agriculture: Kenya’s macadamia crisis deepened, with 30,000 tonnes reportedly still unsold. Investment: Kenya ranked among Africa’s top financial-services markets, delivering 36% shareholder returns over three years, according to BCG.
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