- The Co-operative Bank of Kenya has posted a 47 per cent growth in profits through nine months to Ksh.17.1 billion from Ksh.11.6 billion in September last year.
- Hospitality chain Hilton has announced the latest addition to its fold of hotels in the country, one month ahead of the close of its iconic Hilton Hotel at the city centre.
- The Competition Authority of Kenya has ordered local airline Fly540 to stop advertising its flight bookings everywhere following customer complaints filed against the airline.
- KCB Group Plc is set to pay Ksh.3.2 billion in interim dividends representing a pay out of Ksh.1 per share after posting a 21 per cent growth in third quarter profits.
- Investment firm TransCentury will for the second time attempt to raise Ksh.2.1 billion from a rights issue after receiving the nod of the Capital Markets Authority (CMA).
- Roughly three-quarters of people who have bought bitcoin have lost money according to a study published Monday as the cryptocurrency sector reels from the collapse of a major exchange that has sapped confidence.
- The prices of super petrol, diesel and kerosene are set to fall by a further Ksh.1 per litre from Tuesday after the latest maximum pump price review by EPRA.
- The International Finance Corporation (IFC) is expected to loan Ksh.12.2 billion ($100 million) to Safaricom Ethiopia as part of its support for the project.
- The Central Bank of Kenya (CBK) has directed banks to write off at least Ksh.15 billion worth of digital loans which currently stand in default status as part of a credit repair framework.
- The reeling crypto industry faces a 2008-style crisis that will lead to a much-needed regulatory crackdown, crypto CEO Changpeng Zhao warned on Friday.
- China has reduced the amount of time travelers entering the country must spend in quarantine and removed a major restriction on international flights, in a sign of a limited easing of its stringent zero-COVID policy.
- Tax revenues as reported by the National Treasury rose by 8.5 per cent in October to Ksh.142.8 billion from Ksh.131.6 billion at the same time last year.
- Safaricom is set to register its millionth customer in Ethiopia next week as it seeks a buoyant uptake of its recently launched commercial services in the country.
- A total of 7.4 million Kenyans borrowed from Safaricom’s popular overdraft facility between April and the end of September to mark the highest number of users for the service on record.
- Safaricom Plc has posted an 18.4 per cent decline in profitability through six months of operations to September 30 with net income in the period dipping to Ksh.30.2 billion.
- Kenya has recorded a sharp decline in the breeding of new seed varieties of maize, beans, cowpeas, and sorghum seed crops in the last year, a new report by The Africa Seed Access Index (TASAI) has revealed.
- The National Treasury has signalled higher taxes on basic goods and services as the government looks to shore up its revenues to meet expenditure needs.
- Equity Group has expanded its payment partnership with global digital payment provider PayPal allowing for linkages to the bank’s mobile application and internet banking.
- The Kenya Revenue Authority (KRA) has issued guidelines for country-by-country reporting on tax obligations by Multinational Enterprises (MNEs) with residency in Kenya.
- Central Bank of Kenya (CBK) official foreign exchange reserves have dipped to tie to the statutory requirement of four months equivalent of Kenya’s import demand.
- Standard Gauge Railway (SGR) contracts by new Transport Cabinet Secretary Kipchumba Murkomen have fallen short of laying bear the particulars of the contract to include the loan collateral.
- Fuel prices are expected to rise slightly of the approval of new transport and storage tariffs by the Energy and Petroleum Regulatory Authority (EPRA)
