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- Small and Medium-sized Enterprises are likely to shy away from using mobile payment platforms like PayBill and Till numbers following the President’s Senior Economic Advisor Moses Kuria's announcement to collect taxes on payments made via these platforms.
- Elon Musk showcased a robotaxi with two gull-wing doors and no steering wheel or pedals at a splashy event on Thursday and added a robovan to the roster as Tesla's goal shifts from low-priced mass-market automaker to robotics manufacturer.
- Residents of Kakamega County are calling on the Kenya Airports Authority (KAA) to rehabilitate the Kakamega Airstrip to provide a lifeline to hundreds of businesses that relied on flight operations in and out of the airstrip.
- Kenya expects more money from the International Monetary Fund by the end of the year and is in talks with the Fund about combining the seventh and eighth reviews of its support programme.
- The Central Bank of Kenya slashed its benchmark lending rate to 12.00% from 12.75% on Tuesday, in a move aimed at stimulating credit to the private sector, the bank's Monetary Policy Committee (MPC) said in a statement.
- Adani Group is negotiating a $900 million (about Ksh.116 billion) deal to upgrade Tanzania’s electricity transmission line, Bloomberg reports, citing a top government official familiar with the matter.
- Kenya Power and Lighting Company (KPLC), the nation's electricity provider, has announced that customers will soon begin to monitor power outages and apply for electricity connection through its revamped digital self-service platforms.
- The government has asked the International Monetary Fund to conduct an official assessment of corruption and governance issues, the IMF told Reuters, after a push by Western nations.
- AirAsia X (AAX) has announced the launch of its first-ever direct flights connecting Kuala Lumpur to Nairobi, a strategic move expected to significantly boost Kenya’s tourism sector.
- Asset financier Mogo has issued a statement in response to a recent ruling by the Competition Authority of Kenya (CAK), which found the company liable for false and misleading representation toward its customers.
- Kenya's economy expanded by 4.6% year-on-year in the second quarter of 2024, down from 5.6% in the corresponding quarter of the previous year, the national statistics office said on Wednesday.
- The Central Bank of Kenya (CBK) should start lowering its lending rate due to falling inflation in recent months, Treasury Cabinet Secretary John Mbadi said on Wednesday.
- Absa Bank Kenya has renewed its commitment to the evolving needs of modern-day customers while reaffirming its focus on the affluent segment with an expanded, differentiated offering.
- A group of friends was enjoying their drink in a garden in Nairobi when they discovered that most of the ingredients in their drink were sourced from Africa and taken to Europe to make gin.
- The Central Bank of Kenya (CBK) has announced the licensing of 27 additional Digital Credit Providers (DCPs) as part of the government's efforts to safeguard Kenyans from unethical digital lenders.
- The forum, part of the Absa Business Club engagements, provides SMEs with an opportunity to learn about the latest industry trends, financial solutions, and networking opportunities to encourage long-term business growth.
- Kenyan lenders have stayed ahead of the curve in compliance with environmentally sustainable goals, applying global best practices and pre-empting regulatory changes ensuring stability despite evolving changes.
- The CBK says the move to the new standard seeks to streamline Kenya’s National Payments System (NPS) and concurrently achieve the transmission of high-value, time-sensitive international and domestic payments.
- Chris Diaz, Executive Chairman of Adili Group, is currently participating in the 79th session of the United Nations General Assembly (UNGA) in New York, engaging with global leaders at key forums.
- The Nairobi Securities Exchange (NSE) and the UK government’s Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) programme (MOBILIST) have announced a new partnership to improve investment towards sustainable development in Kenya via the listed market.
- With the number of electric vehicles on Kenyan roads growing annually, the challenge for owners has been how to maintain and service the electric batteries. This is what pushed Professor Geoffrey Gitau to start making electric batteries targeting the e-mobility sector.
- According to the airline’s CEO, Allan Kilavuka, the one-day strike resulted in an estimated KES 80 million in revenue loss and additional operational costs.
- Bata on Friday marked a significant milestone by celebrating 130 years of global success and 85 years of operations in Kenya with a special event held at Mathare North Primary School in Ruaraka Constituency.
- A proposal to amend the Price Control Act (essential goods) of 2011 has stirred significant debate in Kenya, potentially altering the landscape of the country’s open market economy.
- Trade Cabinet Secretary Salim Mvurya now says negotiations are underway to secure a USD 250 million (Ksh.32.25 billion) financing package from India to boost manufacturing here in the country.
- Agriculture Principal Secretary Paul Rono on Thursday flagged off one million bags of fertilizers at the port of Mombasa, targeting smallholder farmers.
- Digital technologies generated USD 16 billion (Ksh.2.06 trillion) in economic activity across Sub-Saharan Africa in 2023, according to a new report released by Google.
- Absa Bank Kenya, in partnership with Visa, a global leader in digital payments, has introduced an exclusive Infinite Card, becoming the first bank in Kenya to launch a card in a metal design.
- In the island county of Mombasa, plastic pollution is one of the primary sources of marine pollution in the Indian Ocean. This has raised major concerns as it endangers marine life and makes coastal beaches inaccessible.
- Corporacion America Airports SA, one of the world’s largest airport operators, has questioned the long-stayed response from the Kenyan government after expressing interest in the nation's airports.
- Counties may have to re-adjust their budgets after Ksh.20 billion is slashed from the Ksh.400 billion equitable share in Financial Year 2024. Still they have to wait longer to get their shareable revenue.
- Kenyan craft beverage producer African Originals, the maker of the popular ‘Kenyan Originals’ range of ciders, gins, and iced teas, has joined the Bar, Hotel, and Liquor Traders Association (BAHLITA).
- Tower Companies (TowerCos) across Africa have received a boost in their efforts to diversify energy sources and adopt sustainable practices in powering telecommunications infrastructure.
