- Multinational oil and gas firm Tullow Oil has acquired complete control of the Project Oil Kenya development in Turkana County following the withdrawal of its two joint venture partners.
- In its latest report on the world's most efficient ports, the World Bank has said that the port of Mombasa has been overtaken by Tanzania's Dar es Salaam port posing a threat to Kenya's economy.
- Biden has maintained that default would have "catastrophic" consequences, and is urging Republicans to agree to a "clean" increase to US borrowing limits.
- The National Treasury has reinstated the Insurance Regulatory Authority CEO Geoffrey Kiptum after he was sent on compulsory leave by the authority’s board last week for alleged irregularities in procurement as well as accrued leave days.
- Kenyan tycoon Julius Mwale has been named as one of the investors in the Ksh.109 billion ($800 million) acquisition of US business news and information publisher Forbes.
- Elon Musk on Tuesday said a new Twitter chief executive will let him devote more time to Tesla, but that he will continue to tweet his unfiltered thoughts even if it hurts his businesses.
- America’s CEOs have sent a dire warning to lawmakers that the economy faces potential devastation if Congress and the Biden White House cannot reach an agreement to raise the debt ceiling and avoid a default.
- Equity Group Holdings said on Tuesday its first-quarter 2023 pretax profit jumped 10% to 16.9 billion Kenyan shillings ($124 million), as its loan book rose.
- Ethiopia's central bank said on Thursday it had issued a mobile money licence to Kenyan telecoms giant Safaricom, the first granted to a foreign company in Africa's second most populous country.
- Newly appointed Absa Bank Kenya Managing Director and Chief Executive Officer, Abdi Mohamed, has reaffirmed the bank’s commitment to the growth and development of Small and Micro Enterprises (SMEs).
- Telecommunications giant Safaricom announced Thursday it had recorded a Ksh.52.5 billion profit for the financial year ending March 2023, marking a 22 per cent dip from the Ksh.67.5 billion it recorded last year.
- The proposed housing levy under the Finance Bill seeking to deduct 3% from salaried employees which will be matched by employers but not exceed Ksh. 5000 has been met with criticism from experts.
- The Kenya National Chamber of Commerce and Industry (KNCCI) on Wednesday announced the appointment of Patrick Nyangweso as its Chief Executive Officer (CEO).
- The project is part of President William Ruto’s ambitious plan to solve the housing deficit in the country through the construction of 200,000 housing units annually.
- Avlc Group, a boutique finance entity, has appointed Sheila Kimani as its Head of Business and Operations in a move aimed at achieving its expansion plans and overcoming industry challenges.
- Hackers have seized on worldwide interest in the artificial intelligence-powered tool ChatGPT in an effort to break into people’s devices, Meta has revealed.
- I&M Bank has doubled its unsecured credit limit to Ksh.10 million up from Ksh.5 million, making its credit line the highest for unsecured loans locally.
- The Central Bank of Kenya (CBK) on Wednesday launched the Kenya Quick Response Code Standard 2023 alongside various players in the telecom and banking industries.
- The continued streak of leadership changes at the bank comes on the heels of efforts to reverse the effects of the free fall of the Kenya shilling which hit a low of 136.02 against the dollar on Tuesday
- BlackBerry (BB.TO), will conduct a review of strategic alternatives, which includes the possible separation of one or more of its businesses, the Canadian technology company said on Monday.
- Currencies were in limbo on Monday as holidays in most of Asia made for thin trading, while traders braced for a packed week of central bank meetings that would offer the latest guidance on future rate hikes across continents.
- Land prices in Nairobi’s satellite towns of Ngong, Ongata Rongai, Tigoni and Kiambu went up significantly in the last year, shrugging off fears that a two-year Covid-19 pandemic.
- Samsung Electronics flagged a gradual recovery for chips in the second half of the year after its semiconductor business reported a record loss on Thursday, driven by weak demand for tech devices.
- Japan's Toyota Motor Corp set a global annual output record in the business year that ended in March, just edging past its target of 9.1 million vehicles as factory disruption from global chip supply woes and pandemic lockdowns eased.
