- German carmaker Mercedes-Benz reported a jump in profits for 2022 on Friday thanks to strong demand for high-end and electric models, but warned of a sluggish start to the new year in Europe.
- Seed, a Stanford Graduate School of Business-led initiative, has renewed its collaboration with the African Management Institute (AMI) in its ongoing effort to partner with entrepreneurs to help them build thriving enterprises that transform lives.
- The Kenya Investment Authority (KenInvest) has renewed its eight-year bilateral partnership with the Japan External Trade Organization (JETRO), reaffirming its commitment to collaborate in the areas of promotion and facilitation of investments between Kenya and Japan.
- The Norwegian Development Finance Institution has a portfolio of Ksh.46 billion ($372 million) invested in Kenya across various sectors of the economy and invested Ksh.4 billion in the country in 2022.
- A jersey worn by US basketball legend Kobe Bryant -- who died three years ago in a tragic helicopter accident -- sold at auction for $5.8 million (Ksh. 726.2 million) on Thursday.
- Turkey’s stock market has sunk 15% in the three days since a devastating earthquake hit parts of the country’s south, piling further pain onto an already fragile economy.
- The Moja Expressway Company has registered over 10 million users in the 7 months that the Nairobi expressway has been in operation resulting in revenue collections of Ksh. 2 billion during the period .
- The National Treasury has tabled the first supplementary budget to the National Assembly with a raft of new allocations and reallocations, with the Hustler fund getting some Ksh.12 billion.
- The Africa Digital Media Institute (ADMI) and the Global Opportunity Youth Network have signed a two-year partnership deal to help up to 600 out-of-school and unemployed youth tap into Africa’s multi-billion-dollar film and audiovisual industry.
- Every so often I get questions from first-time NSE investors asking about which shares to buy, so when my younger sister approached me with numerous questions about opening a brokerage account, it did not catch me by surprise.
- NCBA Managing Director John Gachora has admitted that the bank benefited from Ksh. 350 million tax waiver during the merger between NIC Group PLC and Commercial Bank of Africa (CBA) back in 2019.
- Europe’s two largest central banks raised interest rates sharply on Thursday, opting for a bigger rise than the US Federal Reserve as inflation in the region remains near historically high levels.
- FedEx Corp (FDX.N) on Wednesday said it would cut its officer and director ranks by more than 10% as part of a broad cost-reduction effort that has reduced staffing at the delivery giant by 12,000 workers since June, a spokeswoman said.
- Digital credit provider, MyCredit Limited has signed an agreement with OikoCredit International which will see the financial service institution receive Ksh.325 million for onward lending to its Small and Medium Enterprise (SME) customers.
- Vehicle financing company MOGO has launched a financial literacy tool in a bid to educate its Kenyan clients about personal budget planning and making informed financial decisions.
- Leading insurance firm Directline Assurance has awarded its top performing agents in the inaugural Directline Wakala Awards held at the company's Nairobi headquarters.
- June Chepkemei, who is the head of Marketing and Communications at the Konza Technopolis Development Authority (KOTDA) has been appointed as the Managing Director in an Acting Capacity, at the Kenya Investment Authority (KENINVEST).
- Safaricom CEO Peter Ndegwa has come out to address social media reports that he is set to exit the telco giant following the election of a new Board Chairman.
- Safaricom CEO Peter Ndegwa now says if a new proposal by KRA to monitor its systems is passed and adopted into law, then the telco will comply with it.
- Toyota’s longtime president and CEO Akio Toyoda is stepping down and handing over the reins of the world’s largest automaker to Lexus chief Koji Sato.
- Yara East Africa has announced plans to partner with local farmers to implement carbon trading as a way of supporting the Government’s efforts to combat climate change.
- The US Justice Department sued Google on Tuesday for its dominance of the online advertising market, launching a fresh legal battle against the California-based tech giant over its world-leading search engine.
- Tala has increased its loan limit amount to Ksh. 50,000 as consumers are drawn to its flexible repayment options and fast-growing loan limits amid high inflation and concerns over the increasing cost of credit from traditional financial institutions.
- The national treasury will seek an additional Ksh. 900 billion from Kenyans in the next financial year by expanding its tax base and introducing a raft of new taxes to reach this target.
- KCB Bank Kenya has partnered with Mang’u High School to scale its aviation training programme in what will see hundreds of students benefit in the next five years.
- In a move that will see Schneider Electric Kenya strengthen its assembly and manufacturing operations and resultant services and products to its partners, the company is transferring its manufacturing operations, assets, and people who currently operate the manufacturing and assembly plant to a key…
- Logistics firm Mitchell Cotts Freight Kenya Limited has unveiled a Ksh.30 million modernized vacuum cooling service at the landside of an air cargo terminal within the Jomo Kenyatta International Airport (JKIA) to enhance the preservation of horticultural exports and tame losses.
- Facebook’s parent company Meta is considering whether to allow former President Donald Trump back onto its platforms and is due to announce its decision in the coming weeks, a company spokesperson told CNN on Monday.
- The Kenya Tea Development Agency (KTDA), has released a Ksh.5.5 billion bonus payment, for the half year ended December 2022, to smallholder farmers affiliated to its factories.