- The yuan became the most widely-used currency for cross-border transactions in China in March, overtaking the dollar for the first time, official data showed, reflecting efforts by Beijing to internationalise the use of the yuan.
- A new insurance model is using data analytics to reward users who make healthier choices in order to promote behavioural change that promotes healthy living.
- Kenyan business executive Eva Warigia has been appointed Associate Director for Investor Relations in Africa by global investment manager New Forests.
- CMC Motors Group has declared 169 of its workers countrywide redundant after three vehicle brands terminated their distribution deals with the company.
- Avenue Group on Tuesday announced a Ksh.1.7 billion ($12.7 million) investment from the International Finance Corporation (IFC) towards growing its healthcare offering and boosting its patient reach across the country.
- The Kenya National Innovation Agency (KENIA) has officially launched a one-stop shop for innovators, investors, enterprise support organisations and customers dubbed the Kenya Innovation Bridge.
- Consulting and tax firm Ernst & Young has urged the government to maintain the current taxation regime in the next financial year and focus on expanding the country’s tax base to increase revenue collection.
- Cabinet Secretary Njuguna Ndung'u proposes tying the debt limit to no more than 55 percent of the country's GDP in order to increase borrowing capacity.
- Addressing House lawmakers, FTC chair Lina Khan said the “turbocharging of fraud and scams that could be enabled by these tools are a serious concern.”
- The dollar rebounded on Monday and hit a one-month high against the yen, as resilience in core U.S. retail sales and impressive Wall Street bank earnings raised market expectations for an interest rate hike from the U.S. Federal Reserve in May.
- During the drive, dubbed 'Makueni Tourism Circuit', county officials from the Tourism department toured and showcased several sites alongside tour operators, including hotels and country lodges.
- Jumia Kenya has announced the appointment of Charles Ballard as its new CEO, taking over from Juan Seco who recently left to join a pan-African FinTech player.
- Econews Africa and the Kenya Small Scale Farmers Forum have voiced their strong opposition to the ongoing trade negotiations between Kenya and the United States for a Strategic Trade and Investment Partnership (STIP) whose next round of talks is set to happen in Nairobi from Monday, April 17, 2023.
- The taxman advertised the critical job in the local dailies on Wednesday, whose holder serves for a five-year term, signaling the possible end of Mrs Simiyu's tenure since her appointment in October last year to tame a looming leadership crisis.
- Australian broadcaster Sky News has left TikTok because of security concerns that have led several Western governments to ban the video app on devices used by officials.
- In 2022, Kenyans living and working abroad defied the tough economic times to send home a record Sh497.2 billion mostly channelled to families and friends, data from the Central Bank of Kenya (CBK) shows. This was an 8.3 per cent jump compared to Sh458.9 billion sent in 2021.
- Oil prices soared Monday after top producers unveiled a shock output cut of more than a million barrels per day, while equities mostly rose after data showed US and European inflation eased further last month.
- Tesla reported a modest 4% rise in sales in the first quarter compared to the final three months of last year, despite a series of price cuts on its lower priced vehicles and talk by CEO Elon Musk about strong demand at those lower prices.
- The International Monetary Fund said its executive board had approved a four-year $15.6 billion (Ksh. 2.07 trillion) loan program for Ukraine, part of a global $115 billion(Ksh. 15.2 trillion) package to support the country's economy as it battles Russia's 13-month-old invasion.
- HF Group has posted a full-year net profit of Ksh.256.7 million, from a loss of Ksh. 682.7 million in December 2021 which translates to a 939% growth.
- As many as 300 million full-time jobs around the world could be automated in some way by the newest wave of artificial intelligence that has spawned platforms like ChatGPT, according to Goldman Sachs economists.
- The Central Bank of Kenya (CBK) will raise its key policy interest rate by 25 basis points to 9.00% later on Wednesday in its latest move to brake still-rising inflation, a Reuters poll predicted.
- Global cloud communications platform Infobip has launched live video support to help businesses resolve customer queries more quickly and shorten customer wait times.
- The Central bank of Kenya (CBK) has licensed 10 additional digital credit lenders, bringing to 32 the total number of providers cleared to operate in the country.
- First Citizens BancShares Inc (FCNCA.O) said on Monday it will acquire Silicon Valley Bank's (SIVB.O) deposits and loans as well as certain other assets from the Federal Deposit Insurance Corporation (FDIC).
- A Dubai hospital has collaborated with insurance and health advisor Lifecare International towards partnering with local hospitals and doctors to offer patients specialised healthcare and an easy transition to treatment abroad.
- Safaricom Foundation has launched the 2023-2026 strategy which will focus on community investment in education, health and economic empowerment on Thursday at their Headquarters.
- The probe into the Telkom Kenya buyout took a new twist after former Treasury CS Ukur Yatani revealed that the government is the majority shareholder.
- In Kenya, over 80% of the population relies on biomass as the primary source of energy for cooking and heating and according to data from the Kenya Household Cooking Sector Study 2019.
- Cabinet has approved the Privatization Bill 2023 which will see non-performing public entities sold to private actors without the bureaucratic approval process by Parliament.
