- Mara, the Pan–African crypto exchange platform has today announced that Susan Younis has been named the new Chief Marketing Officer effective immediately.
- Local consumer goods manufacturer Pwani Oil has resorted to selling products in US dollars as it seeks to acquire more stock of the currency which it uses to import raw materials with.
- Non-disclosure or confidentiality agreements in employment contracts will not bar employees from blowing the whistle on their employers under new regulations.
- Leading cooking oil manufacturer Pwani Oil has temporarily shut down operations due to what it says is a shortage of raw materials as a result of challenges in accessing dollars to pay suppliers.
- The cost of digital loans is expected to soar even further following the passage of a new amendment which places a 20 per cent rate of excise duty on fees charged by digital lenders.
- Telco operator Safaricom has angled to heighten its global payments business by unveiling a new virtual payments card in collaboration with world leading payment solutions company Visa.
- The Kenya Revenue Authority (KRA) has extended working hours for its tax service offices and contact centres ahead of the June 30 tax returns filing deadline.
- Bar owners have vowed to campaign against Members of Parliament who will support amendments to the Finance Bill 2022 to increases taxes on alcohol, bottles, and advertisement.
- Telco giant Safaricom and lenders Equity and KCB are three of 8 Kenyan brands that have been featured in Brand Finance’s 2022 list of the 150 most valuable brands in Africa.
- The National Treasury has proposed yet another debt ceiling at Ksh.10 trillion as it looks to unlock the window for more borrowing to finance the deficit in the upcoming 2022-2023 fiscal year.
- Consumer prices have registered their biggest jump in more than two years since February 2020 as inflation in May hit a high of 7.1 per cent from 6.47 per cent in April.
- Regional based insurer Sanlam Kenya Plc has posted a narrowed Ksh.542.4 million loss for the year ended December 31 2021 after restating a wider 2020 loss of Ksh.628.3 million.
- The term of Uchumi Supermarkets Chief Executive Officer Mohamed Mohamed has lapsed amidst what has been a delayed start to the turnaround of the troubled retailer.
- The Central Bank of Kenya (CBK) has raised its benchmark lending rate for the first time in nearly seven years in what it has described as an attempt to combat rising inflation.
- The just-concluded Africities Summit that was held in Kisumu a few days ago cost taxpayers Ksh 600 million, according to a report tabled before the National Assembly by the National Treasury.
- The Co-operative Bank of Kenya has posted a 65.7 per cent rise in profits through the first three months of 2022 to Ksh.5.8 billion from Ksh.3.5 billion.
- A recent report by the Public Service Performance Management and Monitoring Unit for the financial year ending December 2021 has exposed some of the State-owned enterprises that have continued to expose the common wananchi to high taxation and poor service delivery.