- Leading telecommunications operator Safaricom has reversed the pricing of post-pay subscriptions as it eyes growth in the number of its customers on the service.
- The National Treasury has cushioned itself from a potential cash crunch as investors agree to roll over Ksh.49.1 billion worth of Treasury bills and bonds which were set to mature on January 9.
- Former Capital Markets Authority (CMA) Chief Executive Officer Paul Muthaura has been shortlisted as a candidate for the vacant Central Bank of Kenya-CBK Deputy Governor post.
- Active SIM cards (mobile subscriptions) grew to 65.5 million from 64.7 million in the three month period to September 30 which coincided with the staging of the August General Elections.
- The Kenya Reinsurance Corporation- Kenya Re has kicked off the search for its next Managing Director following last week’s departure of Jadiah Mwarania.
- Electricity generating company KenGen has recorded a Ksh.4.7 billion profit in the year ending June 30, 2022, which is more than double its 2021 profit of Ksh.1.8 billion.
- Absa Bank Kenya says it has delisted nearly 300,000 Kenyans negatively listed by Credit Reference Bureaus (CRBs) as it implements the CBK backed credit repair program.
- Suppliers and customers of Kenyan e-commerce and food distribution platform Twiga Foods will benefit from Ksh.300 million Hustler Fund loans at lower interest rates to grow their businesses.
- Hotels have posted a more than three-fold growth in bookings for the month of December ahead of the Christmas and New Year festivities in contrast to the same time last year.
- Stanbic Bank Kenya has reported a 37.3 per cent rise in profits through nine months to September as net earnings hit Ksh.7 billion from Ksh.5.1 billion.
- NCBA Group has nearly doubled its profits through nine months of operations to September, posting a 97 per cent rise in net profit for the period to Ksh.12.8 billion.
- A cash-strapped National Treasury has issued a switch bond as it plans to push payments to holders of government securities maturing at the start of January.
- The National Treasury is seeking to tap Ksh.40 billion from the domestic credit market through bonds in December to close off local borrowing in the calendar year.
- Standard Chartered Bank Kenya has posted a 36 per cent rise in earnings through nine months to September with its profit rising to Ksh.8.7 billion from Ksh.6.4 billion.
- Lender Family Bank has posted a 39 per cent growth in earnings through nine months to September with profit at Ksh.2.5 billion from Ksh.1.8 billion previously.
- Investment firm TransCentury is expected to open its rights issue to shareholders on December 29 as it seeks to raise Ksh.2.1 billion from its shareholders.
- Telecommunications operator Safaricom has set an expiry date for Bonga Points- its customer loyalty scheme that sees subscribers earn points for using its network.
- The Central Bank of Kenya (CBK) has been tipped to take a pause from further interest rate increases when it holds its end year Monetary Policy Committee (MPC) meeting on Wednesday.
- I&M Group Plc has posted a 25.9 per cent growth in net profit after nine months to September with earnings at Ksh.6.8 billion up from Ksh.5.4 billion previously.
- The Kenya Revenue Authority (KRA) has fallen behind its target for revenue collection in the 2022/23 financial year despite recording improved collections in the opening quarter of the fiscal year.