- Directly or indirectly, the strength or lack thereof of the Kenya shilling may play a role in the interest rate you pay on your mortgage, the returns pegged on your investment portfolio, the price of groceries at your local supermarket, and the prospects of getting a job locally.
- Bitcoin fell to a seven-week low on Monday, hovering below $40,000 for the first time since the launch of 11 spot bitcoin exchange-traded funds on Jan. 11.
- National Treasury CS Njuguna Ndung’u now says the Kenya Kwanza administration did not admit to failure of the government-to-government oil arrangement with Saudi Arabia.
- Kenya is seeking to exit the Government to Government (G2G) deal with Saudi Arabia saying that it is distorting the forex market admitting that it has failed to ease the pressure on the dollar.
- Kenyan Originals has responded to online claims of toxicity in their range of cider beverages after several consumers took to the internet to share their horrid tales after consuming the drink.
- The Competition Authority of Kenya (CAK) has approved Heri Holdings Limited’s acquisition of 100 per cent shareholding of Nova Academies Tatu City Property Limited.
- The Anti-Counterfeit Authority (ACA) and the Pharmacy and Poisons Board (PPB) have signed an MoU aimed at strengthening the war against counterfeit trade.
- The Tanzanian skies are all clear for Kenya Airways just hours after the Tanzania Civil Aviation Authority suspended the national carrier from flying in its airspace in a tit-for-tat move.
- Tanzania has decided to suspend all Kenya Airways (KQ) flights starting from January 22, citing a reciprocity dispute after Kenya refused a request for all-cargo flight operations by Air Tanzania Company Limited.
- Since 2020, these billionaires’ net worth has skyrocketed 114% to a total of $869 billion (Ksh.139 trillion), after taking inflation into account, according to Oxfam’s annual inequality report, released Sunday. If current trends continue, the world could see its first trillionaire in a decade.
- Snapchat will now give parents the option to block their teens from interacting with the app’s “My AI” chatbot following some questions about the tool’s safety for young people.
- Alphabet's (GOOGL.O) Google said on Wednesday it is laying off hundreds of employees across multiple teams, with Fitbit co-founders James Park and Eric Friedman also leaving the company, as the tech giant continues to cut costs.
- The government has set aside Ksh.500 million for the renovation New Kenya Co-operative Creameries (KCC) in the country to boost milk production and create efficiency.
- A recent dip in Apple's (AAPL.O) stock over worries about iPhone sales has left the Silicon Valley tech heavyweight in danger of being overtaken by Microsoft (MSFT.O) as the world's most valuable company.
- Co-operatives and MSMEs Cabinet Secretary Simon Chelugui on Tuesday launched the Coffee Cherry Advance Fund, which could see coffee farmers reap big from the state’s new reforms in the sector.
- Samsung Electronics said Tuesday it expected fourth-quarter operating profit to drop by more than a third, as the company struggles with weak demand for consumer electronics.
- The cockpit voice recorder data on the Alaska Airlines Boeing 737 MAX 9 jet which lost a panel mid-flight on Friday was overwritten, U.S. authorities said, renewing attention on an industry call for longer in-flight recordings.
- The Wings to Fly scholarship programme has offered full scholarships to 1,000 bright children from financially disadvantaged backgrounds who took their KCPE exams last year.
- Nigeria's naira and the Kenyan and Ugandan shillings are expected to weaken in the next week to Thursday, while Ghana's cedi and Zambia's kwacha could be steady, traders said.
- Carrefour (CARR.PA) is telling customers it will no longer sell PepsiCo products like Pepsi, Lay's crisps and 7up because they had become too costly, in the latest tug-of-war over prices between retailers and global food giants.
- As the world moves towards cleaner cheaper technology in the transport sector to heighten efficiency, safeguard lives and protect the environment, Kenya is taking part.
- Digital payments platform Sasapay has announced a three-month temporary suspension of transaction fees for its platform users, aiming to offer financial relief over the upcoming three months.
- Honda is recalling about 2.6 million vehicles in the United States to replace fuel pumps and address a defect that increases crash risk, according to the Japanese automaker.
- Equity Bank Kenya has been recognized as the top global performer by the International Finance Corporation (IFC), a member of the World Bank Group, for the 2023 Climate Assessment for Financial Institutions (CAFI) Awards for Climate Reporting.
- Kenya Investment Authority (KenInvest) will on Wednesday launch the 3rd cycle of its Strategic Plan that will be implemented in the next five years from 2023–2027.
- Pope Francis has called for an international treaty to regulate the use of Artificial Intelligence, warning that the new technology risks causing a “technological dictatorship” which would threaten peace and democracy.
- African e-commerce firm Jumia Technologies will close its food delivery business in all seven countries in which the unit operates by the end of the year to focus on growing its core online retail business, it said on Wednesday.
- Tesla is recalling nearly all 2 million of its cars on US roads to limit the use of its Autopilot feature following a two-year probe by US safety regulators of roughly 1,000 crashes in which the feature was engaged.
- Argentina will devalue the peso by more than 50% as part of emergency measures to help the nation’s struggling economy, the country’s Economy Minister Luis Caputo announced Tuesday.
- Kenya's private sector activity declined for a third straight month in November, a survey showed on Tuesday, as businesses struggled with soaring costs.
- The dollar regained some ground on Tuesday and hovered near a one-week high against major peers, while bitcoin extended its momentum on optimism that U.S. regulators could soon approve exchange-traded spot bitcoin funds.
- Spotify will lay off around 1,500 employees to reduce costs in a third round of job cuts this year, CEO Daniel Ek said Monday as he announced a “significant” strategy shift for the music-streaming company.
- The yearly event which is meant to recognise the special creativity and ability of young marketers under the age of 35, was graced by top Chief Executives and Managing Directors of top companies in Kenya and from across the border - Uganda, Tanzania and Rwanda among other countries.
