- Kenya's inflation (KECPI=ECI), fell in March compared with a month earlier, driven by falling prices of some food items and transport costs, the statistics office said on Friday.
- Stima Sacco has recorded 21% growth in revenue to Sh8.96 billion for the financial ending December 31, 2023, compared to Sh7.5 billion the previous year.
- The Medium Liquor Traders Association (MELTA) of Kenya has criticised the six-hour opening time imposed on bars nationwide, labelling it extremely unfair.
- Japanese carmaker Nissan Motor plans to introduce its e-power hybrid technology car in Tunisia, its Africa head said on Tuesday, as part of plans to test demand in the African market for electric vehicles.
- The name BlackRock has been tossed around in Kenyan business circles in the last few days after the Central Bank of Kenya (CBK) governor was quoted saying the American multinational investment firm BlackRock has invested in the Nairobi Securities Exchange (NSE).
- The Kenya Electricity Transmission Company (KETRACO) has announced the successful energization of the 220/66kV Kimuka Substation transmission line, marking a milestone in the region's power supply.
- Equity Bank has posted a 5 percent drop in profits for the year ending December 2023, recording a net income of Ksh.43.7 billion compared to Ksh.6.1 billion profit posted in the year ending December 2022.
- Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs Musalia Mudavadi on Wednesday opened a two-day conference bringing together agricultural sector stakeholders to discuss financing the sector and appropriate models for funding agricultural activities in Kenya.
- Agriculture Cabinet Secretary Mithika Linturi on Wednesday opened a two-day conference bringing together agricultural sector stakeholders to discuss financing the sector and appropriate models for funding agricultural activities in Kenya.
- A proposal by France, Denmark and Sweden to restrict used clothing (commonly known as Mitumba) exports from the European Union could hurt the clothing resale industry in Kenya, which employs 2 million Kenyans, a representative of second-hand clothes sellers said.
- Boeing's board has begun the search for a big-hitter to take the helm of the troubled planemaker following the turbulent tenure of CEO Dave Calhoun, with many industry executives and analysts predicting it will seek an outside remedy.
- From his experience working in the internet service market, Adunga says that by understanding customer needs and delivering a satisfactory and distinctive experience, companies can achieve a competitive advantage and increase the percentage of repeat and sustainable customers.
- The government has recorded an increase in repayment of the Hustler Fund, noting that out of a disbursement of Ksh.49 billion, Kenyans have repaid more than Ksh.37 billion.
- The Competition Authority of Kenya (CAK) has issued a stern warning regarding the rise of impersonators defrauding businesses across the country under false pretences.
- Turkey's central bank unexpectedly hiked interest rates by 500 basis points to 50% on Thursday, citing a deteriorating inflation outlook and pledging to tighten even further if it expects the price situation to worsen significantly.
- The US Justice Department and more than a dozen states filed a blockbuster antitrust lawsuit against Apple on Thursday, accusing the giant company of illegally monopolizing the smartphone market.
- June Chepkemei, the former Acting Managing Director at the Kenya Investment Authority (KenInvest) has been named Chief Executive Officer of the Kenya Tourism Board (KTB).
- Kenyan agricultural startups now stand a chance to access capital under the Regenerative Agricultural Practices for Improved Livelihoods and Markets project.
- As President Ruto spoke, KRA had the eTIMS ready for roll-out and in a short while it had deployed “an army” of paramilitary trained tax assistants to ensure compliance to the new way of paying tax especially among the small traders, “mama mboga”, “fundi wa mtaa,” kinyozi, boda-boda riders among…
- Safaricom’s M-Pesa has signed an international money transfer agreement with digital payments network Onafriq to help streamline remittance flows to Ethiopia.
- Kenyan lender KCB Group (KCB.NR), is set to announce the sale of its subsidiary National Bank of Kenya (NBK), the Daily Nation newspaper reported on Wednesday, citing unnamed sources.
- The number of Kenyans seeking loans from the fintech credit provider Tala to pay school fees has seen a year-on-year increase since 2022, a new report released Tuesday shows.
- Kenya Bureau of Standards (KEBS) Managing Director Esther Ngari has emphasized quality excellence as a critical driver for sustainable business growth and a competitive edge for African enterprises.
- Kenya Airways (KQ) has increased its weekly flights to New York City in the United States from seven to nine in a bid to cater for travel demand and boost tourism during the summer.
- The European Union launched a probe Thursday into Big Tech’s use of artificial intelligence and its handling of computer-generated deepfakes, ramping up scrutiny of a technology officials fear could disrupt elections.
- The Moi International Airport has been feted with the 2023 Best Airport by Size and Region award for Africa in the Under 2 million Passenger Per Year category, by the prestigious Airports Council International (ACI World).
- The Energy Petroleum Regulator Authority (EPRA) has announced a reduction in the prices of Super Petrol, Diesel, and Kerosene in its latest monthly price review.
- Tradewinds Training Services Ltd in Nairobi, Kenya has been awarded the International Air Transport Association (IATA) Competency-Based Training and Assessment Center (CBTA Center) Best Performance Award.
- To catch up with the ever-changing demands, M-Zawadi now started targeting other sectors, among them the service industry and Fast Moving Consumer Goods.
- The Competition Authority of Kenya (CAK) has conditionally approved the proposed acquisition of certain assets of Style Industries Limited by Hair Manufacturing Kenya Limited.
- Nineteen more digital credit companies have been approved by the Central Bank of Kenya (CBK), bringing to 51 the total number of providers licensed to operate in the country.
- Kuramo Capital Management has called on investors and financiers to invest in DRC terming the investment opportunities in the region as low-hanging fruits that have the potential to generate attractive risk-adjusted returns.
- The Co-operative Bank of Kenya has been named as the Overall Winner of the Banking Industry Customer Satisfaction Survey conducted by the Kenya Bankers’ Association (KBA).
- Chinese money is pouring into funds invested in offshore assets at breakneck speed, butting up against outbound investment limits and complicating Beijing's efforts to revive domestic markets and stabilise the yuan.
- Equity Bank on Monday announced instant PayPal withdrawals, down from the initial 24-hour settlement period for the lender's customers who receive payments through the international payment solutions provider.
- The Kenya Revenue Authority (KRA) has announced that all businesses, including those in the Informal Sector and Small Businesses, must electronically generate and transmit their invoices to KRA via the electronic Tax Invoice Management System (eTIMS).
- Tech firm DigiTax has unveiled new solution to help businesses comply with the Kenya Revenue Authority (KRA) electronic tax invoice management system (eTIMS).
