- KRA Commissioner General has been summoned to appear before the National Assembly’s Departmental Committee on Finance and National Planning over the alleged loss of Ksh.62 billion in customs tax revenue due to tax evasion through misdeclaration of palm oil at the Port of Mombasa.
- Chinese leader Xi Jinping on Thursday pledged over Ksh.6.4 trillion ($50 billion) in financing for Africa over the next three years, promising to deepen cooperation in infrastructure and trade with the continent as he addressed Beijing's biggest summit since the pandemic.
- Adani Group-owned Adani Ports and Special Economic Zone (APSEZ), India’s largest ports and logistics company, has acquired an 80 per cent stake in Astro.
- Absa Bank Kenya has launched a new Corporate and Investment Banking campaign themed "Invested in Your Story" that emphasizes moving beyond simply delivering competitive solutions and services to a deeper understanding of client's needs and a dedication to their long-term success.
- U.S.-based Kenyan entrepreneur Margaret Nyamumbo has shared her journey to building Kahawa 1893, a speciality coffee company based in New York City which raked in $3 million (Ksh.387 million) in 2023.
- Businessman Joel Kibe has written to the Capital Markets Authority (CMA) over alleged breaches by Old Mutual Holdings. Kibe wants the insurance company to protect minority shareholders’ company.
- Kenyan firm, Savannah Clinker has placed a Ksh25.4 billion stake to acquire listed Bamburi Cement PLC. The deal came in hot after Tanzania’s Amsons Group put in its bid to take over the firm.
- Nominations for the first NGOs Awards 2024 have been rolled out targeting the top NGOs, journalists, celebrities, donors, public benefit initiatives and community champions across Kenya.
- Steve Ng’ang’a was helping his parents build a house in Nakuru when he struggled to get reliable professionals, especially plumbers and electricians.
- House prices in Nairobi have recorded a notable increase in the past year following the high interest rates that have had a significant impact in the economy.
- Netherlands-based Louis Dreyfus Company (LDC), an agricultural commodities trading firm with operations in Kenya, is at the centre of a storm over alleged importation and tax evasion.
- Kenya Electricity Generating Company PLC (KenGen) has assured the public of a continued stable supply of affordable Hydroelectric Power (HEP) even as the dry season beckons.
- Tesla has issued a recall for about 9,100 Model X sports utility vehicles in the U.S. over trim on the roof that could separate, it said on Wednesday, its second over the same issue since 2020.
- National Treasury and Economic Planning Cabinet Secretary John Mbadi is calling upon the Kenya Revenue Authority to adopt technological modernisation and innovation to enhance revenue collection.
- Ride-hailing platform Uber has announced a new service that lets customers pay Ksh.110 more per trip to increase “the likelihood and speed” of matching to a driver.
- After posting a net profit of Ksh.513 million for the first time in over a decade, the national carrier Kenya Airways now says it will be looking to increase its fleet.
- The Competition Authority of Kenya (CAK) has unconditionally approved the acquisition of Suntory Beverage and Food Kenya Limited’s entire ownership by Bidcoro Africa Limited.
- The Kenya Airports Authority (KAA) has said that it has put contingency measures in place to ensure operations remain uninterrupted amid a strike notice issued by aviation workers.
- First Assurance, a leading insurance company in Kenya, has introduced a new medical insurance product aimed at transforming healthcare access for small and medium-sized enterprises (SMEs).
- Kenya's main aviation union said it would call a strike from next Monday over a proposed deal with an Indian company to develop the country's biggest airport - industrial action that could cause major disruption in the East African travel hub.
- Ethiopia has signed an agreement for the design of a new four-runway airport that will be Africa's biggest when construction is completed in 2029, the head of state-owned Ethiopian Airlines said on Friday.
- Days after hundreds of thousands of people took to the streets across Nigeria to protest against inflation and other economic hardships, clothing seller Michael Nwankwo is still counting the cost of the business he lost.
- The Central Bank of Kenya Governor Kamau Thugge has intimated that Kenya has hired a German money printing firm that will undertake all banknote printing operations.
- News of Mobius Motors's closure is not just a blow to the company’s stakeholders but also to Kenya at large; the automobile manufacturer represented a Kenyan dream.
- It is the same issue at the heart of this latest strike, but this time it is different. A growing number of passengers have complained about cases of harassment by digital cab drivers demanding payment of higher fares across a number of ride-hailing platforms.
- The Competition Authority of Kenya has approved an unconditional establishment of a joint venture between Amstel Trading Company Limited and Kingsbourne Assets Limited.
- Dr. Juma Mukhwana, Principal Secretary of the State Department for Industry at the Ministry of Investment, Trade, and Industry, has called for African economies to adopt internationally recognized and accurate measurement standards
- President William Ruto on Wednesday oversaw the official listing of the Linzi Sukuk bond on the Unquoted Securities Platform (USP) of the Nairobi Securities Exchange (NSE).
- President William Ruto on Wednesday oversaw the official listing of the Linzi Sukuk bond on the Unquoted Securities Platform (USP) of the Nairobi Security Exchange (NSE).
