- Alcoholic beverages manufacturer East African Breweries Limited (EABL) saw its market capitalization at the NSE rise by Ksh.25.2 billion to Ksh.134.3 billion on Friday.
- Kenyans living and working abroad sent home a record Ksh.369.4 billion ($3.053 billion) in nine months to the end of September according to new CBK data.
- To commemorate the World Sight Day happening on 13th October 2022, Directline Assurance Company, the Kenya Association of Opticians, Novartis and other key stakeholders have rolled out an eye screening campaign dubbed “Dereva Hodari”.
- Treasury Cabinet Secretary (CS) Ukur Yatani has come out to say that Kenya has never defaulted on any loans borrowed from external creditors and foreign nations.
- The Local Authorities Pension Trust (LAPTRUST) is set to come to the market through the planned issuance of a Ksh.7 billion income- real estate investment trust (i-REIT).
- Kenya’s fuel import bill hit an estimated Ksh.1.5 billion a day in the opening six months of the year to mirror the outcome of elevated global oil costs.
- The country’s current account balance improved to a deficit of 4.6 per cent of GDP in June against a provisional estimate of 5.3 per cent by the CBK.
- The Kenyan economy expanded by a slower rate of 5.2 per cent in the quarter ending June from 11% marking the lowest quarterly growth since March last year.
- The International Monetary Fund has once again downgraded its forecast for the global economy with a sharp warning: “The worst is yet to come, and for many people 2023 will feel like a recession.”
- The Nairobi Securities Exchange (NSE0 rose back above Ksh.2 trillion as investor wealth improved by Ksh.44 billion on the signalling of new listings to the bourse.
- Mara, the Pan-African digital finance ecosystem has announced the appointment of Pauline Siteyi as the company’s new Vice President of People and Culture.
- Salaries and spending on development projects are likely to take a hit as the National Treasury moves to effect a Ksh.300 billion cut to the 2022/23 budget.
- The countdown is now on for Elon Musk and Twitter to close their $44 billion (approx. Ksh.5.3t) acquisition deal by October 28 or be forced to again prepare for a trial after a judge agreed on Thursday pause the legal proceedings.
- Kenya has fallen short in its quest to strike oil at the Mlima-1 well in the Lamu Basin, a 100,000 square-kilometres coastal strip which has been at the centre of a border dispute between Nairobi and Somalia since 2014.
- The UK government could award oil and gas companies more than 100 new licenses to drill in the North Sea, as it looks for ways to bolster energy security amid a global supply crunch.
- New excisable goods have also been spared from KRA's excise duty increase this week to join petroleum product on the list of goods exempted from higher rates.
- Insurance firms have trimmed their holdings of quoted ordinary shares to Ksh.25.3 billion in the period ending June 2022 in the face of turmoil in the equities market.
- Local investors in government securities have heavily snubbed re-opened bond issues this month as Treasury taps a mere Ksh.15.1 billion from a target of Ksh.40 billion.
- Kenya, which is among six countries selected to participate in the pilot phase of the AfCFTA Initiative on Guided Trade, exported its first goods under the African the Africa Continental Free Trade Area (AfCFTA) agreement to Ghana in late June.
- Apple (AAPL.O) will have to change the charger for its iPhones in the European Union from autumn 2024 to comply with new rules introducing a single charging port for most electronic devices.
- KCB Bank Kenya and e-mobility firm BasiGo have reached a deal through which the lender will provide financing options to buyers of electric buses in the PSV industry.
- Financial services providers will resume their access of borrowers credit information from Credit Reference Bureaus (CRB) from Saturday as a freeze instituted a year ago lapses.
- The cost of living has remained at a five year high for the third straight month with September inflation coming in at 9.2 per cent, a new high for the five-year period from 8.5 per cent in August.
- The Central Bank of Kenya (CBK) has paid Ksh.4 billion to the consolidated fund at the National Treasury representing the reserve’s bank equivalent dividends for the 2021/22 year.