- Safaricom announced its decision to change its guard at the helm of its board; a move that would see its founding CEO Michael Joseph end his two-year tenure as the company’s board chairman.
- An East African Breweries PLC (EABL) report shows that Kenyans increased their uptake of various alcoholic drinks in the financial year ended 30 June compared to the previous year.
- An East African Breweries PLC (EABL) report shows that Kenyans increased their uptake of various alcoholic drinks in the financial year ended 30 June compared to the previous year.
- Kenya’s banking sector trailblazer John Ngumi has been named Safaricom’s Board Chairman effective from August 1 replacing the incumbent Michael Joseph.
- Kenya Power has inked a 25-year deal that will see it buy electricity from Ethiopia’s utility Ethiopian Electric Power (EEP) effective from November 1.
- Optimism about Kenya’s economic prospects in the next 12 months is greater this year compared to the levels of optimism marked before the 2017 General Election.
- East African Breweries Limited (EABL) has taken a Ksh.1.5 billion dollar-denominated bank overdraft to plug gaps created by limited foreign exchange supply.
- HFC has launched its premium banking solution Ultimate Banking, a differentiated and personalized service experience with an array of tailor-made banking solutions and services.
- Local traders including manufacturers and merchant traders have continued to experience dollar shortages as the supply of the green buck remains constrained.
- The Kenya Revenue Authority (KRA) raked in Ksh.201.5 billion to set a new monthly tax collection record in June as the taxman surpassed its annual targets.
- The Anti-Counterfeit Authority (ACA) has urged Kenyans to be on the lookout for fake engine oil and machinery-related lubricants that are currently in circulation.
- The Central Bank of Kenya (CBK) is widely expected to lift its benchmark lending rate again when it holds its Monetary Policy Committee (MPC) meeting on Wednesday.
- Kenya’s foreign exchange reserves which are held by the Central Bank of Kenya (CBK) have fallen below an equivalent four and a half months of import cover to breach the first lower limit.
- The National Treasury has rules out further cuts to electricity prices as it reckons a secondary tariff cut would bear a financial burden on utility Kenya Power.
- President Kenyatta has questioned the relationship between elections and the unusual price hike of maize flour as he directed for the reduction of Ksh.100 from Ksh.205.
- The unga subsidy program which has sent the cost of a two kilogram packet of maize flour down to Ksh.100 is expected to cost taxpayers at least Ksh.8 billion.
- Traders affiliated to the Retail Trade Association of Kenya (RETRAK) are seeking in excess of Ksh.175 million from millers to cover losses from selling a two-kilogram packet of maize flour at Ksh.100.
- A new show about a young female attorney has become another South Korean hit on Netflix, giving investors hope that the producer may have another "Squid Game"-like success on its hands.
- 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.
