- Safaricom’s M-Pesa has signed an international money transfer agreement with digital payments network Onafriq to help streamline remittance flows to Ethiopia.
- Kenyan lender KCB Group (KCB.NR), is set to announce the sale of its subsidiary National Bank of Kenya (NBK), the Daily Nation newspaper reported on Wednesday, citing unnamed sources.
- The number of Kenyans seeking loans from the fintech credit provider Tala to pay school fees has seen a year-on-year increase since 2022, a new report released Tuesday shows.
- Kenya Bureau of Standards (KEBS) Managing Director Esther Ngari has emphasized quality excellence as a critical driver for sustainable business growth and a competitive edge for African enterprises.
- Kenya Airways (KQ) has increased its weekly flights to New York City in the United States from seven to nine in a bid to cater for travel demand and boost tourism during the summer.
- The European Union launched a probe Thursday into Big Tech’s use of artificial intelligence and its handling of computer-generated deepfakes, ramping up scrutiny of a technology officials fear could disrupt elections.
- The Moi International Airport has been feted with the 2023 Best Airport by Size and Region award for Africa in the Under 2 million Passenger Per Year category, by the prestigious Airports Council International (ACI World).
- The Energy Petroleum Regulator Authority (EPRA) has announced a reduction in the prices of Super Petrol, Diesel, and Kerosene in its latest monthly price review.
- Tradewinds Training Services Ltd in Nairobi, Kenya has been awarded the International Air Transport Association (IATA) Competency-Based Training and Assessment Center (CBTA Center) Best Performance Award.
- To catch up with the ever-changing demands, M-Zawadi now started targeting other sectors, among them the service industry and Fast Moving Consumer Goods.
- The Competition Authority of Kenya (CAK) has conditionally approved the proposed acquisition of certain assets of Style Industries Limited by Hair Manufacturing Kenya Limited.
- Nineteen more digital credit companies have been approved by the Central Bank of Kenya (CBK), bringing to 51 the total number of providers licensed to operate in the country.
- Kuramo Capital Management has called on investors and financiers to invest in DRC terming the investment opportunities in the region as low-hanging fruits that have the potential to generate attractive risk-adjusted returns.
- The Co-operative Bank of Kenya has been named as the Overall Winner of the Banking Industry Customer Satisfaction Survey conducted by the Kenya Bankers’ Association (KBA).
- Chinese money is pouring into funds invested in offshore assets at breakneck speed, butting up against outbound investment limits and complicating Beijing's efforts to revive domestic markets and stabilise the yuan.
- Equity Bank on Monday announced instant PayPal withdrawals, down from the initial 24-hour settlement period for the lender's customers who receive payments through the international payment solutions provider.
- The Kenya Revenue Authority (KRA) has announced that all businesses, including those in the Informal Sector and Small Businesses, must electronically generate and transmit their invoices to KRA via the electronic Tax Invoice Management System (eTIMS).
- Tech firm DigiTax has unveiled new solution to help businesses comply with the Kenya Revenue Authority (KRA) electronic tax invoice management system (eTIMS).
- The Budget Policy Statement appears to have revealed a puzzling inconsistency and conflicting data in the figures regarding the total budget for the next financial year.
- Stakeholders in the avocado value chain are now calling for stern measures to be taken against individuals involved in the harvesting of immature avocados in the country.
- Bitcoin hit a two-year high on Tuesday, on track for its biggest two-day rally this year, on signs large players were buying the cryptocurrency, while smaller rival ether topped $3,200 (Ksh.468,800) for the first time since 2022.
- The Kenya Revenue Authority (KRA) has announced a substantial response from taxpayers towards the ongoing Tax Amnesty Programme introduced by the Finance Act, 2023.
- Volkswagen is recalling more than 260,000 compact cars in the United States because a pump located inside the gas tank could leak fuel, possibly leading to a fire.
- The industry-wide adoption of the revised accounting practices on bond valuations is expected to provide pension funds with a more accurate depiction of their financial health.
- Boeing (BA.N), opens new tab said on Wednesday it was replacing the head of its troubled 737 MAX program effective immediately, the first major executive departure since the Jan. 5 mid-air panel blowout of a new Alaska Airlines MAX 9.
- Over 1000 bolt drivers are set to benefit from Bolt’s asset finance program that the company intends to roll out before the second quarter of this year.
- Ford Motor Company on Tuesday said it had cut prices on its Mustang Mach-E electric SUV by up to $8,100 (Ksh.1.2 million) after sales fell sharply in January.
- Kenya Power connected 256,206 new customers to the national electricity grid in the half-year period to December 2023, bringing its customer base to 9,454,819, the utility said on Tuesday.
- The Blockchain Association of Kenya (BAK), Kenya’s leading digital asset industry lobby group, has extended the feedback period on its community-led draft Virtual Asset Service Provider (VASP) bill.
- The dollar was steady on Monday after data last week showing U.S. inflation remained sticky cast doubts on when the Federal Reserve would start its easing cycle, while the yen remained rooted near the psychologically key 150 per dollar level.
- Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African Development Bank Group (AfDB) said in its latest Macroeconomic Performance and Outlook of the continent released on Friday.
- The Kenya Climate Innovation Center (KCIC) has unveiled 'Sustainable Waste Innovation for a Future in Transition (SWIFT)', a waste management programme targeting Small and Medium Enterprises (SMEs) operating in the waste management sector in Kenya.
- A former Goldman Sachs analyst was convicted Thursday of using inside information to buy shares in listed companies and make more than 140,000 pounds (approx. Ksh.25.6 million).
- The United Kingdom has slipped into recession just months ahead of a general election, official figures showed Thursday, derailing Prime Minister Rishi Sunak’s pledge to generate economic growth.
- KQ has announced the reintroduction of direct flights to Mogadishu, Somalia, marking a significant milestone in regional connectivity and development.
