- SBM Bank in partnership with the Centre for the Promotion of Imports (CBI), a program funded by the Dutch Ministry of Foreign Affairs has announced an initiative that will see women taking up valuable global trading opportunities.
- Kenya recorded a decrease in the number of Automated Teller Machines (ATMs) last year as customers shifted from ATM and physical bank branches to internet and mobile banking, a new Central Bank of Kenya report shows.
- JPMorgan Chase, the largest bank in the United States, has appointed the Central Bank of Kenya (CBK)’s former deputy director of financial markets, Sailepu Montet as its country manager for Kenya.
- Capital A Investment Bank, formerly Securities Africa Kenya Limited, has unveiled a new brand identity, marking a significant milestone in its journey after being upgraded from a licensed stockbroker to an investment bank by the Capital Markets Authority (CMA).
- Africa-focused e-commerce retailer Jumia Technologies will close its South African online fashion retailer Zando and its Tunisian operations by the end of the year to sharpen its focus on its other markets, the CEO told Reuters.
- A $1.5 billion (Ksh. 194.1B) loan that Kenya is discussing with the United Arab Emirates is a commercial one with an 8.25% interest rate and a seven-year tenor, Kenya's Finance Minister John Mbadi said on Wednesday.
- Bolt Kenya is gearing up for the launch of a new safety campaign as part of its continued commitment to enhancing security for its passengers and drivers.
- Kenyan government last week signed a Ksh.95 billion ($736 million) power transmission deal with Adani Energy Solutions to develop and maintain key transmission lines and substations across the country.
- The tea industry is one of the biggest contributors to Kenya’s economy, with data from the Tea Board of Kenya showing that tea contributes 23% of total foreign exchange earnings.
- Super petrol, diesel and kerosene prices went down by Ksh.8.18, Ksh.3.54 and Ksh.6.93 per litre respectively in the latest Energy and Petroleum Regulatory Authority (EPRA) review announced on Monday.
- The upcoming eCommerce Day East Africa 2024 will be held in Nairobi from November 18-20, 2024, with the central event taking place on November 19 at the Emara Ole Sereni Hotel.
- Small and Medium-sized Enterprises are likely to shy away from using mobile payment platforms like PayBill and Till numbers following the President’s Senior Economic Advisor Moses Kuria's announcement to collect taxes on payments made via these platforms.
- Elon Musk showcased a robotaxi with two gull-wing doors and no steering wheel or pedals at a splashy event on Thursday and added a robovan to the roster as Tesla's goal shifts from low-priced mass-market automaker to robotics manufacturer.
- Residents of Kakamega County are calling on the Kenya Airports Authority (KAA) to rehabilitate the Kakamega Airstrip to provide a lifeline to hundreds of businesses that relied on flight operations in and out of the airstrip.
- Kenya expects more money from the International Monetary Fund by the end of the year and is in talks with the Fund about combining the seventh and eighth reviews of its support programme.
- The Central Bank of Kenya slashed its benchmark lending rate to 12.00% from 12.75% on Tuesday, in a move aimed at stimulating credit to the private sector, the bank's Monetary Policy Committee (MPC) said in a statement.
- Adani Group is negotiating a $900 million (about Ksh.116 billion) deal to upgrade Tanzania’s electricity transmission line, Bloomberg reports, citing a top government official familiar with the matter.
- Kenya Power and Lighting Company (KPLC), the nation's electricity provider, has announced that customers will soon begin to monitor power outages and apply for electricity connection through its revamped digital self-service platforms.
- The government has asked the International Monetary Fund to conduct an official assessment of corruption and governance issues, the IMF told Reuters, after a push by Western nations.
- AirAsia X (AAX) has announced the launch of its first-ever direct flights connecting Kuala Lumpur to Nairobi, a strategic move expected to significantly boost Kenya’s tourism sector.
- Asset financier Mogo has issued a statement in response to a recent ruling by the Competition Authority of Kenya (CAK), which found the company liable for false and misleading representation toward its customers.
- Kenya's economy expanded by 4.6% year-on-year in the second quarter of 2024, down from 5.6% in the corresponding quarter of the previous year, the national statistics office said on Wednesday.
- The Central Bank of Kenya (CBK) should start lowering its lending rate due to falling inflation in recent months, Treasury Cabinet Secretary John Mbadi said on Wednesday.
- Absa Bank Kenya has renewed its commitment to the evolving needs of modern-day customers while reaffirming its focus on the affluent segment with an expanded, differentiated offering.
- A group of friends was enjoying their drink in a garden in Nairobi when they discovered that most of the ingredients in their drink were sourced from Africa and taken to Europe to make gin.
- The Central Bank of Kenya (CBK) has announced the licensing of 27 additional Digital Credit Providers (DCPs) as part of the government's efforts to safeguard Kenyans from unethical digital lenders.
- The forum, part of the Absa Business Club engagements, provides SMEs with an opportunity to learn about the latest industry trends, financial solutions, and networking opportunities to encourage long-term business growth.
- Kenyan lenders have stayed ahead of the curve in compliance with environmentally sustainable goals, applying global best practices and pre-empting regulatory changes ensuring stability despite evolving changes.
- The CBK says the move to the new standard seeks to streamline Kenya’s National Payments System (NPS) and concurrently achieve the transmission of high-value, time-sensitive international and domestic payments.
- Chris Diaz, Executive Chairman of Adili Group, is currently participating in the 79th session of the United Nations General Assembly (UNGA) in New York, engaging with global leaders at key forums.
- The Nairobi Securities Exchange (NSE) and the UK government’s Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) programme (MOBILIST) have announced a new partnership to improve investment towards sustainable development in Kenya via the listed market.
- With the number of electric vehicles on Kenyan roads growing annually, the challenge for owners has been how to maintain and service the electric batteries. This is what pushed Professor Geoffrey Gitau to start making electric batteries targeting the e-mobility sector.
- According to the airline’s CEO, Allan Kilavuka, the one-day strike resulted in an estimated KES 80 million in revenue loss and additional operational costs.
- Bata on Friday marked a significant milestone by celebrating 130 years of global success and 85 years of operations in Kenya with a special event held at Mathare North Primary School in Ruaraka Constituency.
