- Vehicle financing company MOGO has launched a financial literacy tool in a bid to educate its Kenyan clients about personal budget planning and making informed financial decisions.
- Leading insurance firm Directline Assurance has awarded its top performing agents in the inaugural Directline Wakala Awards held at the company's Nairobi headquarters.
- June Chepkemei, who is the head of Marketing and Communications at the Konza Technopolis Development Authority (KOTDA) has been appointed as the Managing Director in an Acting Capacity, at the Kenya Investment Authority (KENINVEST).
- Safaricom CEO Peter Ndegwa has come out to address social media reports that he is set to exit the telco giant following the election of a new Board Chairman.
- Safaricom CEO Peter Ndegwa now says if a new proposal by KRA to monitor its systems is passed and adopted into law, then the telco will comply with it.
- Toyota’s longtime president and CEO Akio Toyoda is stepping down and handing over the reins of the world’s largest automaker to Lexus chief Koji Sato.
- Yara East Africa has announced plans to partner with local farmers to implement carbon trading as a way of supporting the Government’s efforts to combat climate change.
- The US Justice Department sued Google on Tuesday for its dominance of the online advertising market, launching a fresh legal battle against the California-based tech giant over its world-leading search engine.
- Tala has increased its loan limit amount to Ksh. 50,000 as consumers are drawn to its flexible repayment options and fast-growing loan limits amid high inflation and concerns over the increasing cost of credit from traditional financial institutions.
- The national treasury will seek an additional Ksh. 900 billion from Kenyans in the next financial year by expanding its tax base and introducing a raft of new taxes to reach this target.
- KCB Bank Kenya has partnered with Mang’u High School to scale its aviation training programme in what will see hundreds of students benefit in the next five years.
- In a move that will see Schneider Electric Kenya strengthen its assembly and manufacturing operations and resultant services and products to its partners, the company is transferring its manufacturing operations, assets, and people who currently operate the manufacturing and assembly plant to a key…
- Logistics firm Mitchell Cotts Freight Kenya Limited has unveiled a Ksh.30 million modernized vacuum cooling service at the landside of an air cargo terminal within the Jomo Kenyatta International Airport (JKIA) to enhance the preservation of horticultural exports and tame losses.
- Facebook’s parent company Meta is considering whether to allow former President Donald Trump back onto its platforms and is due to announce its decision in the coming weeks, a company spokesperson told CNN on Monday.
- The Kenya Tea Development Agency (KTDA), has released a Ksh.5.5 billion bonus payment, for the half year ended December 2022, to smallholder farmers affiliated to its factories.
- The seven countries that make up the East African Community could soon have a common currency as well as an East African Central Bank should the council of ministers adopts the proposal.
- Ten Kenyan-based startups addressing food losses and by-products are set to benefit from a tailored program that will help them define their circular solutions, strengthen their business models, and access grant funding of up to 50,000 euros (Ksh.6.6 million).
- Treasury Cabinet Secretary Prof. Njuguna Ndung'u has warned Kenyans to brace themselves for tough times ahead saying the country's financial crisis is rising to unimaginable levels.
- The Kenya revenue authority is looking to collect more taxes after the tax changes passed in the Finance Act 2023 for the 2022/2023 financial year took effect from the 1st of January.
- The Competition Authority of Kenya (CAK) has appointed Dr Adano Wario to serve as the acting Director-General following the lapse of the exiting chair's term, Wang'ombe Kariuki.
- Kenya Airways now says the current flight disruptions being experienced by the airline are a result of delays in getting back its aircraft which are undergoing scheduled maintenance.
- The Nairobi Securities Exchange (NSE and the Capital Markets Authority (CMA) are fast-tracking reforms that will break the dominance of a few big firms at the bourse.
- The union representing 15,000 American Airlines pilots has voiced concerns regarding the new cockpit protocols enforced by the airline, without adequate training.
- Samsung Electronics said Friday it expected its fourth-quarter operating profits to plunge 69 percent to an eight-year low as the global downturn hammers demand for memory chips and smartphones.
- Amazon.com Inc's (AMZN.O) layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday.
- Dubai announced a bold plan aiming to boost foreign trade and investment in the United Arab Emirates' financial hub and "double the size" of its economy by 2033.
- Trading in Kenya Airways shares has been suspended for another year, the local stock exchange said Wednesday, as the troubled national carrier battles to return to profitability.
- Dubai has dropped a 30 per cent tax on alcohol sales in an apparent bid to lure tourists as competition rises between major cities in the wealthy Gulf.
- In a report on the economy's performance, the Central Bank of Uganda said the rising cost of debt repayments meant there was growing "liquidity pressures on the domestic revenues to finance the domestic debt liabilities at the expense of other priority budgetary items."
- President William Ruto has scored poorly on economic pledges made during the campaign trail according to a survey assessing his first 100 days in office.
- The National Treasury has ended its domestic borrowing program for the year on a whimper, raising a mere Ksh.10.8 billion against a target of Ksh.20 billion on an infrastructure bond tap-sale.
- Kenya has struggled to meet its quota of sugar imports from the regional market with exporters favouring exports to other countries at favourable prices.
- Beleaguered national carrier Kenya Airways (KQ) is in default of Ksh.24 billion in liabilities out of Ksh.44 billion in payables due at the end of October.
