- The end of fuel and food subsidies is widely expected to weaken the Central Bank of Kenya (CBK) price stabilizing role with inflation tipped to remain north of the 7.5 per cent upper limit in the short-term.
- CPF Financial Services has been granted relief after the Court of Appeal ruled in its favour in a case involving the administering of the Public Service Superannuation Fund.
- Kenya’s dream striking it rich from its crude deposits in Turkana remains with explorer Tullow Oil yet to on board a strategic investor to the project.
- Kenya’s rebounding exports in the opening seven months of the year have helped trim the country’s current account deficit to 5.1 per cent of GDP in the month of July.
- Private firms have led the accumulation of hard currency in the opening half of the year which has seen the Kenyan Shilling remain under pressure from the US dollar.
- World Travel Awards (WTA) will host its Africa & Indian Ocean Gala Ceremony 2022 at the Kenyatta International Convention Centre (KICC), Nairobi, Kenya.
- Ukrainian forces have made sweeping advances in September in their fight against Russia, easing some investor fears of a prolonged war-induced energy crisis in Europe.
- Kenya's tourism earnings more than doubled to 167.1 billion shillings ($1 billion) from January to August from 83 billion shillings in the same period a year ago, Tourism and Wildlife Minister Najib Balala said on Friday.
- Commercial banks retained profits increased by Ksh.49.6 billion in three months to June as the majority of lenders skipped paying interim dividends to shareholders.
- Market performance retreated on Wednesday after back to back days of gains off Monday’s validation of the August 9 Presidential Results by the Supreme Court which signalled the end of the electioneering period.
- The proposed hike of the Kenya Pipeline Company (KPC) transport and storage tariffs is expected to raise fuel prices by a maximum 54 cents per litre in Nairobi.
- KCB Group has acquired a Ksh.18 billion ($150 million) loan from World Bank’s International Finance Corporation (IFC) to finance climate related projects.
- The National Treasury is expected to develop Financial Derivatives regulations ahead of a deadline that will see non-residents gains from financial derivatives taxed.
- Britam has invested the bulk of proceeds from the sale of its stake in Equity Group into fixed income as it seeks to cushion against volatility from its investments portfolio.
- The prolonged election cycle which saw a petition against the August 9 General Elections took a toll on the output of private sector firms last month.
- Major oil marketers in the country have revealed pending bills worth Ksh.59 billion from the petrol price stabilization mechanism (fuel subsidy) alongside difficulties in accessing dollars from banks.
- The cost of fuel in the country is set to tick upwards as KRA includes petroleum products in the inflation adjustments on specific rates of exercise duty.
- Teachers represented by the Mwalimu National Sacco have eased Spire Bank capital woes following their recent conversion of deposits held in the lender into share capital.
- KNBS' Consumer Price Index (CPI) data has revealed the failure of the government backed maize flour subsidy as the cost of unga rose in the month of August.
- Kenyans have had no respite in the cost of basic household commodities as the rate of inflation rose to 8.5 per cent in August from 8.3 per cent in July.
- Underwriter Britam has seen its cost cutting initiatives payoff as its half-year profit jumps 77 per cent to Ksh.667.5 million from Ksh.376.3 million previously.