- Despite fuel price reductions announced by the Energy and Petroleum Regulation Authority (EPRA) on Sunday, there remains a conundrum on why the Road Maintenance Levy Fund (RMLF) has been increased.
- Safaricom has rescheduled a planned system maintenance set for Sunday, July 14 to Monday, July 15 to allow customers to continue enjoying their mobile services.
- Kenya and China are forging a new partnership in the fashion industry, aiming to leverage each other's strengths and become major players on the global stage
- Volkswagen shares slipped on Wednesday after an overnight profit warning triggered in part by the possible closure of an Audi plant and a 3.8% drop in second quarter sales dented by China.
- Global rating agency Moody's on Tuesday downgraded Kenya's credit rating, painting a bleak picture of the country's economic status in terms of fulfilling debt obligations.
- Moody's cut Kenya's sovereign rating deeper into junk territory on Monday, citing diminished capacity to implement a fiscal consolidation strategy to contain its debt burden.
- Investors in Kenya’s tourism sector have been encouraged to seize the opportunities presented by the Magical Kenya Travel Expo (MKTE) to network and explore partnerships with global buyers, in a quest to improve tourism business in the country.
- Samsung Electronics is expected to post a 13-fold increase in second-quarter profit from a year earlier as demand for artificial intelligence technology fuels a rebound in memory chip prices.
- Tesla's best-selling Model Y was included in a list of electric and plug-in hybrid models that a local government in China can purchase as a service car, according to the official Chinese media outlet the Paper on Thursday.
- Raphael Owino has been appointed as the new Director General of Public Debt Management at the National Treasury, taking over from Haron Sirima who left the exchequer in January.
- A workers' union at Samsung Electronics in South Korea has called a strike for July 8-10, a union official said on Tuesday, as it steps up industrial action against the country's most valuable company.
- The violent unrest that forced Kenya's president to withdraw support for a finance bill has left the country's efforts to meet International Monetary Fund targets in doubt and could make borrowing more costly, investors and analysts said.
- The ongoing discourse on Finance Bill, 2024 has brought to the forefront a number of other issues that the public has expressed skepticism about, among them the proposal to amend the Land Act of 2012.
- The Public investments Committee on Commercial Affairs and Energy led by Chair, Pokot South MP David Pkosing has made a fact finding visit to Geothermal Company drilling sites in Paka Tiaty, Baringo County.
- Kenyan companies, particularly MSMEs, have been urged to invest in bettering their employee welfare in order to improve their customer experience in the long run.
- Women entrepreneurs have been urged to embrace competence, confidence, resilience and hardwork in the day to day running of their small and medium enterprises (SMEs).
- In a statement to the media on Tuesday, Family Bank said Mungai who served the Board of Family Bank Limited since 2016 died while undergoing treatment in the United States.
- RwandAir expects Qatar Airways to finalise its purchase of a major stake in the central African country's carrier as early as next month, chief executive Yvonne Makolo told the Financial Times.
- In Kenya, general commerce and traditional retail activities have long been plagued by inefficiency, with large, contemporary retail outlets unable to reach rural areas effectively or in time.
- The desire by the Kenya Kwanza administration to increase the tax to Gross Domestic Product (GDP) ratio will see the administration squeeze Kenyans further to achieve the dream.
- The cost of fuel across the country is set to go down further following the latest fuel prices review by the Energy and Petroleum Regulatory Authority (EPRA).
- Tesla shareholders voted in favour of a huge compensation package for CEO Elon Musk, endorsing the potential windfall after a Delaware court invalidated it, a company official said Thursday.
- Owning and insuring a vehicle in Kenya may now be a costly affair after Treasury Cabinet Secretary Prof. Njuguna Ndung’u on Thursday announced the introduction of the motor vehicle tax.
- Treasury CS Njuguna Ndung’u now says the country’s economy is growing at a stable rate, revealing that it is expected to rise by 5.5% in the 2024/2025 financial year.
- Absa Bank Kenya and the International Trade Centre (ITC) SheTrades Kenya Hub is set to host the biggest meeting of women entrepreneurs in the continent, targeting over 10,000 women entrepreneurs across Africa.
- The Cabinet chaired by President Willaim Ruto on Tuesday approved the hosting of the two major conferences; the Blueinvest Africa Forum in July 2024 and the World Congress of the International Union of Forest Research Organization (IUFRO) in August 2024.
- Kenya Power has directed customers of its prepaid power plan to update their meters, commonly known as token meters, by August to continue accessing electricity.
- Developing economies are projected to show a slight growth this year than they did before the onset of the COVID-19 pandemic, the latest report by the World Bank states.
- After an unusually long wait, the country has reached a staff level agreement with the IMF, finally unlocking the disbursement of USD 976 million, or roughly Ksh.126.2 billion.
- The legal team that voided Elon Musk's record Tesla pay package deserves a tiny fraction of the $5.6 billion (Ksh.732.6 billion) legal fee they requested because their lawsuit provided almost no benefit for the company, the electric automaker argued in court papers on Friday.
- At least 200 youthful entrepreneurs taking part in the Jiinue Growth Program (JGP) were taken through specialised business training on the sidelines of the first day of the inaugural Eldoret Business Summit 2024.
- Digital taxi-hailing companies have warned that the six per cent Significant Economic Presence (SEP) tax proposed in the 2024 Finance Bill will adversely affect customers if the bill is passed.
- Digital taxi-hailing companies Uber and Bolt are warning that they could exit the Kenyan market over high operating costs due to a new tax proposal if the 2024 Finance Bill is passed.
- A safety test scandal at Japanese automakers widened on Monday, with Toyota Motor and Mazda both halting shipments of some vehicles after Japan's transport ministry found irregularities in applications to certify certain models.
- KBA Acting CEO Raimond Molenje has spoken on the negative impacts of increasing tax rates on financial transactions as proposed in Finance Bill, 2024.
- The South African rand fell on Tuesday as uncertainty around possible coalition partners persisted, a week after an election which saw the African National Congress lose its parliamentary majority for the first time in 30 years.
- The furniture, woodwork, interior design and finishing industries are set to undergo a significant metamorphosis in line with the fast-paced digital era thanks to Fintex East Africa.
- Murang’a County Government Governor Irungu Kang’ata has reiterated the need to pursue a manufacturing and industrialisation economic agenda at the national and county levels to foster accelerated development.
- Boeing executives are unlikely to be criminally charged over fatal crashes in 2018 and 2019 that killed 346 people as the statute of limitations has likely passed, U.S. Justice Department officials told victims' family members in a meeting.
