- The East Africa Breweries Plc (EABL) slashed by half its payout to shareholders from Ksh.11 to Ksh.5.50 per share on drop in earnings to Ksh.12.3 billion, the listed company has said in its audited financial statement.
- Starting August 1, 2023, DSTV for Business customers will have to spend more to access the pay TV service following price adjustments by parent firm Multichoice.
- As the scarcity of job opportunities looms in Kenya, the burden of debt has trapped students who used money from the Higher Education Loans Board (HELB) to fund their college and university education.
- The Kenya Pension Funds Investment Consortium (KEPFIC) and the Fund Managers Association (FMA) have signed an agreement to share expertise in pursuing diversified investment opportunities for local pension schemes.
- The economy grew by 3.8 percent in the fourth quarter of 2022 supported by robust activities from the services sector as compared to 8.6 percent in a similar quarter of 2021.
- Billionaire Elon Musk’s decision to rebrand Twitter as X could be complicated legally: companies including Meta and Microsoft already have intellectual property rights to the same letter.
- Less than six months after ChatGPT-creator OpenAI unveiled an AI detection tool with the potential to help teachers and other professionals detect AI generated work, the company has pulled the feature.
- TotalEnergies announced Tuesday it had started drilling wells for oil in Uganda as part of a huge project condemned by environmental and rights groups.
- The CPF Group Pension Funds – The Local Authorities Pension Trust (LAPTRUST), the County Pension Fund, and the CPF Individual Pension Plan demonstrated sustained growth and resilient performance in 2022.
- The Kenya Tourism Federation (KTF) has assured that the country is still safe for travel amid ongoing anti-government demonstrations over the high cost of living.
- Safaricom is set to revolutionize internet connectivity in the country with its upcoming launch of satellite Internet services in the second half of 2023.
- The International Monetary Fund's executive board on Monday signed off on nearly Ksh.141.4B in new funding for Kenya that could ease pressure on government finances in East Africa's largest economy, the global lender said in a statement.
- US automaker Tesla on Saturday announced that its first electric pickup -- a slick-looking silver Cybertruck -- had rolled off the assembly line at its huge plant near Austin, Texas.
- The Kenya Revenue Authority (KRA) recorded a 6.7% growth in tax collections, collecting Ksh.2.166 trillion in the financial year 2022/2023, compared to Ksh.2.031 trillion in the last financial year.
- Jack Ma’s fortune is estimated to be worth less than half of what it was just three years ago, when he made a pivotal speech that derailed what was supposed to be the world’s biggest share sale at the time.
- Equity Group Chief Executive Officer Dr. James Mwangi has been awarded the prestigious Lifetime Achievement Award at the All-Africa Business Leaders Awards held at Sun City, South Africa by the Africa Business News.
- In less than 48 hours, Meta’s Twitter rival Threads has surpassed 70 million sign-ups, upended the social media landscape and appears to have rattled Twitter enough that it is now threatening legal action against Meta.
- Twitter is threatening Meta with a lawsuit after the blockbuster launch of Meta’s new Twitter rival, Threads — in perhaps the clearest sign yet that Twitter views the app as a competitive threat.
- A litre of petrol retailed at Ksh.182.04 in Nairobi where transport charged for its piping from Mombasa should be cheaper compared to what would be charged in Kisumu where it retailed at Ksh.181.87 per litre.
- Established in 1974, the sacco has a membership count of slightly over 123,000 as of June 2023 starting out with just nine members, all Teachers Service Commission (TSC) employees.
- Kenyans will have to part with more money when purchasing a vehicle in the country after the East African Community council of ministers approved an application by Kenya to raise duty on motor vehicles under the common external tariff.
- Tea growers’ representatives are now appealing to the Kenya Tea Board regulatory body to deregister or revoke the licenses of those companies that have been exploiting farmers by buying their crops at throw-away prices from the farms.
- Tea growers’ representatives are now appealing to the Kenya Tea Board regulatory body to deregister or revoke the licenses of those companies that have been exploiting farmers by buying their crops at throw-away prices from the farms.
- Telkom has been marred by interruptions and customer complaints after claims that it failed to pay American Tower Corporation Ksh.200 million in rental fees for 723 masts.
- Central Bank of Kenya Governor Dr Kamau Thugge says that there will be little to no inflationary pressure on Kenyans as a result of the new taxes in the Finance Act 2023.
