- Keroche breweries has urged the Kenya Revenue Authority (KRA) to comply with a High Court order issued on July 14, 2022 that mandated the taxman to reopen the beer maker's brewery in Naivasha which has been closed periodically over pending tax arrears.
- Investors in government securities have snubbed Treasury bonds on offer this month after bidding just Ksh.10.6 billion for the issue against a target of Ksh.40 billion.
- The government is set to withdraw the fuel subsidy by the end of December this year as part of interventions to ease fiscal pressures created by the fuel price stabalisation mechanism.
- In an early victory for Twitter, a judge on Tuesday ruled that the company's lawsuit against Elon Musk over their acquisition agreement should go to a five-day trial in October.
- The Kenya Revenue Authority has asked the High Court to vacate and set aside an order issued by the same court last week which ordered the tax man to open Keroche Breweries.
- Tobacco manufacturer BAT Kenya Plc has posted a 7.4 per cent rise in net profit through the first six months of the year to Ksh.2.9 billion from ksh.2.7 billion previously.
- Manufacturers of zero-rated supplies risk seing their request for input VAT reinbursements frozen should they fail to transition to the modern Tax Invoice Management System (TIMS).
- The International Monetary Fund (IMF) has welcomed monetary policy tightening by the Central Bank of Kenya (CBK) as an effective measure to check inflation.
- Ride-hailing company Uber will offer several million dollars in compensation to tens of thousands of passengers with disabilities who were charged extra fees, US prosecutors said Monday.
- The price of a two kilogram packet of unga will not fall to Ksh.100 as widely reported with the Ministry of Agriculture failing to tie down millers to a new proposal.
- Electricity prices are set to go unchaned for the seventh month in a row this July as the government safeguards its 15 per cent tariff cut announced in January.
- New excise taxes on imported cellular devices/mobile phones are expected to hit the adoption of 4G devices or smartphones as the cost of devices soars.
- China's economy has recorded its worst quarterly performance in over two years, after months of harsh Covid lockdowns wreaked havoc across the country.
- Safaricom’s rivals Airtel and Telkom are now pushing to share M-Pesa agents and merchants in what could be a tertiary scaling of mobile-money interoperability.
- The Ministry of Industrialisation, Trade and Enterprise Development, in partnership with the United States government, has officially launched the Kenya - U.S. Strategic Trade and Investment Partnership (STIP).
- The government has held back against plans to phase out the fuel subsidy with petrol prices having threatened to breach the Ksh.200 mark without the support mechanism.
- DataMuse and French tech giant Criteo have signed a new partnership that will allow marketers across Africa to boost the commercial value of their products and services.
- Fuel prices are set to go unchanged for the first time in five months as the government allocates a further Ksh.16.7 billion to the fuel stabalization mechanism.
- Another fuel shortage crisis has been witnessed in some regions within Kisii County as Energy and Petroleum Regulatory Authority (EPRA) is expected to announce new fuel prices today.
- Foreign exchange inflows from international travel/transport rose to Ksh.109 billion ($922 million) in 12 months to April 2022 from a lower Ksh.63.6 billion ($538 million) previously.
- The continued rise in the cost of living or inflation coupled with a weaker currency is now set to see the Central Bank of Kenya (CBK) pull its support for the economy through monetary policy.
- For the first time in 20 years, the exchange rate between the euro (EUU) and the US dollar has reached parity -- meaning the two currencies are worth the same.
- Asset manager ICEA Lion has earned a ratings upgrade for its underwriting businesses represented by ICEA Lion Life Assurance and ICEA Lion General Insurance.
- Leading telco Safaricom Plc is set to digitize SIM-swapping processes in a move widely seen as a cure to curb fraud through illegal sim replacements.
- E-recruitment and Human Resource Services platform BrighterMonday has been named the most outstanding e-recruitment platform in 2022 by Pacesetter Award Kenya (PSA).
- The International Monetary Fund (IMF) Executive Board is expected to meet on July 18 to approve the disbursement of Ksh.28.8 billion ($244 million) loan to Kenya.