- The CPF Group Pension Funds – The Local Authorities Pension Trust (LAPTRUST), the County Pension Fund, and the CPF Individual Pension Plan demonstrated sustained growth and resilient performance in 2022.
- The Kenya Tourism Federation (KTF) has assured that the country is still safe for travel amid ongoing anti-government demonstrations over the high cost of living.
- Safaricom is set to revolutionize internet connectivity in the country with its upcoming launch of satellite Internet services in the second half of 2023.
- The International Monetary Fund's executive board on Monday signed off on nearly Ksh.141.4B in new funding for Kenya that could ease pressure on government finances in East Africa's largest economy, the global lender said in a statement.
- US automaker Tesla on Saturday announced that its first electric pickup -- a slick-looking silver Cybertruck -- had rolled off the assembly line at its huge plant near Austin, Texas.
- The Kenya Revenue Authority (KRA) recorded a 6.7% growth in tax collections, collecting Ksh.2.166 trillion in the financial year 2022/2023, compared to Ksh.2.031 trillion in the last financial year.
- Jack Ma’s fortune is estimated to be worth less than half of what it was just three years ago, when he made a pivotal speech that derailed what was supposed to be the world’s biggest share sale at the time.
- Equity Group Chief Executive Officer Dr. James Mwangi has been awarded the prestigious Lifetime Achievement Award at the All-Africa Business Leaders Awards held at Sun City, South Africa by the Africa Business News.
- In less than 48 hours, Meta’s Twitter rival Threads has surpassed 70 million sign-ups, upended the social media landscape and appears to have rattled Twitter enough that it is now threatening legal action against Meta.
- Twitter is threatening Meta with a lawsuit after the blockbuster launch of Meta’s new Twitter rival, Threads — in perhaps the clearest sign yet that Twitter views the app as a competitive threat.
- A litre of petrol retailed at Ksh.182.04 in Nairobi where transport charged for its piping from Mombasa should be cheaper compared to what would be charged in Kisumu where it retailed at Ksh.181.87 per litre.
- Established in 1974, the sacco has a membership count of slightly over 123,000 as of June 2023 starting out with just nine members, all Teachers Service Commission (TSC) employees.
- Kenyans will have to part with more money when purchasing a vehicle in the country after the East African Community council of ministers approved an application by Kenya to raise duty on motor vehicles under the common external tariff.
- Tea growers’ representatives are now appealing to the Kenya Tea Board regulatory body to deregister or revoke the licenses of those companies that have been exploiting farmers by buying their crops at throw-away prices from the farms.
- Tea growers’ representatives are now appealing to the Kenya Tea Board regulatory body to deregister or revoke the licenses of those companies that have been exploiting farmers by buying their crops at throw-away prices from the farms.
- Telkom has been marred by interruptions and customer complaints after claims that it failed to pay American Tower Corporation Ksh.200 million in rental fees for 723 masts.
- Central Bank of Kenya Governor Dr Kamau Thugge says that there will be little to no inflationary pressure on Kenyans as a result of the new taxes in the Finance Act 2023.
- Kenyans will now start paying more for their loans after the Central Bank of Kenya increased the central bank’s base lending rate to 10.5% from 9.5%.
- Air France KLM sees potential for further expansion in its main Africa region thanks to growing demand, with the continent a strategic priority for the group.
- The government is racing against time to extract oil from the Turkana oil fields with the hopes of the entire project pegged on a field development plan to assess the viability and profitability of the whole project.
- Business rivalry seemingly isn’t enough for two of the tech industry’s most powerful billionaires. Now Elon Musk and Mark Zuckerberg say they want to settle their scores in a cage fight.
- Aspira and Loxea Limited, the leasing arm of CFAO Group, have partnered to enable small and medium enterprises (SMEs) in the country to acquire new vehicles with 100 percent financing from Aspira through leasing.
- China’s central bank has cut its main benchmark lending rates for the first time in 10 months, in its latest effort to bolster growth as the world’s second largest economy falters.
- Schneider Electric Kenya Limited and ACTOM Kenya Ltd. have joined forces in a groundbreaking agreement that confirms ACTOM’s intent to take over the production of Schneider Electric’s BlokSeT type tested switchboards.
- The European Union and Kenya are set to announce a trade deal on Monday, EU officials said, in a coup for Brussels as it seeks deeper economic ties with Africa.
- The Cereal Millers Association (CMA) has launched a food fortification index in collaboration with the international non-profit TechnoServe to address malnutrition in Kenya.
- The European Central Bank raised interest rates by a quarter of a percentage point Thursday, unmoved by recent data showing a mild recession last winter in the 20 countries that use the euro.
- Kenya is set to host the prestigious Africa Energy Forum (aef) from June 20th to June 23rd this year at the Kenyatta International Convention Centre (KICC) in Nairobi.
