- Yields on Kenya’s long-dated 25-year Treasury bonds have breached the 14 per cent ceiling as interest rates on government securities continue to soar this year.
- Bank of Ireland Group is offering paid leave for women employees going through menopause, joining a growing list of companies trying to prevent women from exiting the workforce.
- The Unclaimed Financial Assets Authority (UFAA) is betting on the waiver of interest and penalties to grow surrenders of unclaimed financial assets by entities.
- The new government has set an ambitious 22 per cent compounded annual growth rate for the manufacturing sector as it seeks to have the sector contribute to 20 per cent of GDP by 2030.
- The Nairobi Securities Exchange (NSE) is seeking to unwind from a long decline, commonly regarded to as a bear run with stock prices seeking lift-off from recent lows.
- The International Monetary Fund (IMF) has thrown its weight behind budget cuts by developing economies as an intervention to tightening external funding.
- Mobile operators have been directed to deactivate unregistered SIM cards in the next 60 days in a move to enforce compliance with the registration exercise which closed Saturday.
- Debt payments costs in the first three months of the 2022/23 fiscal year have swallowed up half of taxes collected in the same period to the end of September.
- Alcoholic beverages manufacturer East African Breweries Limited (EABL) saw its market capitalization at the NSE rise by Ksh.25.2 billion to Ksh.134.3 billion on Friday.
- Kenyans living and working abroad sent home a record Ksh.369.4 billion ($3.053 billion) in nine months to the end of September according to new CBK data.
- To commemorate the World Sight Day happening on 13th October 2022, Directline Assurance Company, the Kenya Association of Opticians, Novartis and other key stakeholders have rolled out an eye screening campaign dubbed “Dereva Hodari”.
- Treasury Cabinet Secretary (CS) Ukur Yatani has come out to say that Kenya has never defaulted on any loans borrowed from external creditors and foreign nations.
- The Local Authorities Pension Trust (LAPTRUST) is set to come to the market through the planned issuance of a Ksh.7 billion income- real estate investment trust (i-REIT).
- Kenya’s fuel import bill hit an estimated Ksh.1.5 billion a day in the opening six months of the year to mirror the outcome of elevated global oil costs.
- The country’s current account balance improved to a deficit of 4.6 per cent of GDP in June against a provisional estimate of 5.3 per cent by the CBK.
- The Kenyan economy expanded by a slower rate of 5.2 per cent in the quarter ending June from 11% marking the lowest quarterly growth since March last year.
- The International Monetary Fund has once again downgraded its forecast for the global economy with a sharp warning: “The worst is yet to come, and for many people 2023 will feel like a recession.”
- The Nairobi Securities Exchange (NSE0 rose back above Ksh.2 trillion as investor wealth improved by Ksh.44 billion on the signalling of new listings to the bourse.
- Mara, the Pan-African digital finance ecosystem has announced the appointment of Pauline Siteyi as the company’s new Vice President of People and Culture.
- Salaries and spending on development projects are likely to take a hit as the National Treasury moves to effect a Ksh.300 billion cut to the 2022/23 budget.
- The countdown is now on for Elon Musk and Twitter to close their $44 billion (approx. Ksh.5.3t) acquisition deal by October 28 or be forced to again prepare for a trial after a judge agreed on Thursday pause the legal proceedings.
- Kenya has fallen short in its quest to strike oil at the Mlima-1 well in the Lamu Basin, a 100,000 square-kilometres coastal strip which has been at the centre of a border dispute between Nairobi and Somalia since 2014.
- The UK government could award oil and gas companies more than 100 new licenses to drill in the North Sea, as it looks for ways to bolster energy security amid a global supply crunch.
- New excisable goods have also been spared from KRA's excise duty increase this week to join petroleum product on the list of goods exempted from higher rates.
