- 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.
- President William Ruto has directed that the cost of sexed semen be slashed from Ksh.8,000 to under Ksh.3,000 in a move aimed at empowering dairy farmers to boost milk production.
- On this day, she has guests from the World Bank and scientists from the ‘Accelerating Impacts of CGIAR Climate Research for Africa’ (AICCRA) project. A team of agro-ecologists, gene-bank experts, seed breeders, and economists joins over two hundred farmers at her farm.
- The World Bank on Thursday approved the first of three budget support packages for Kenya worth $1.2 billion (Ksh.156 billion), to help the country address short-term fiscal pressures and accelerate green policies.
- President William Ruto has committed Kenya to a USD 100 million investment over the next three years in the continent's multilateral financial institutions.
- Dr Kamau Thugge, the Governor of the Central Bank of Kenya, has been named the African Central Bank Governor of the Year by the African Banker Magazine.
- Stakeholders, experts, development actors, and research institutes gathered in Nairobi on the margins of the 2024 African Development Bank Annual Meetings to discuss innovative credit rating solutions aimed at empowering governments to access critical financing for development initiatives.
- Barely a week after Kenya Power called for some radical reforms to streamline scrap metal business in the country, players in the sector have come out guns blazing to defend their turf.
- EABL is warning of massive job losses in the alcoholic beverage value chain if the government pushes through with its intention to increase taxes on the industry in the coming financial year.
- Deputy President Rigathi Gachagua now says that Kenya is committed to the use of renewable energy in line with global efforts to combat climate change.
- The Kenya Bankers Association (KBA) now says the government could lose up to 10 percent of its tax revenue that comes from the sector, which is an equivalent of 180 billion shillings of its revenue if the Finance Bill 2024 sails through.
- The one-year transition period for Corporate Trustees to register with the Retirement Benefits Authority (RBA), as stipulated in Legal Notice No. 103 of 21st July 2023, is nearing its end on 21st July 2024.
- Kenya has developed a Quality Policy to guide local enterprises into entrenching sustainable quality improvement practices in order to enhance their competitiveness at overseas markets.
- The Kenya National Chamber of Commerce and Industry (KNCCI) has raised concerns over the proposed imposition of a Ksh.2 million penalty for non-compliance with the Electronic Tax Invoice Management System (eTIMS) as outlined in the proposed Finance Bill 2024.
- The Kenya Bankers Association is calling on the Government and the National Assembly to reconsider the proposed 16% Value Added Tax on financial transactions in the Finance Bill 2024.
- Exchange-traded funds offer a budget-friendly option to access a diverse range of securities. Investors have the flexibility to construct a portfolio that includes a variety of ETFs or focuses solely on them.
- Meta Platforms' social media sites Facebook and Instagram will be investigated for potential breaches of EU online content rules relating to child safety, EU regulators said on Thursday, a move that could lead to hefty fines.
- DIB Bank Kenya (DIBBK), a wholly owned subsidiary of Dubai Islamic Bank PJSC (the largest Islamic bank in the UAE), announced its results for the period ending March 31, 2024.
- The China-Kenya Tea Trade Centre was officially launched on Wednesday in Shanghai in a move seeking to boost bilateral trade and strengthen the tea industries of both nations.
- Digital credit providers have raised concerns over the increasing indebtedness in the country, which has been occasioned by the harsh economic times.
- It may take nearly a month to fix the submarine cable damaged over the weekend, causing internet outage across Kenya and other East African countries.
- Kenya will be seeking to attract trillions of shillings worth of investment during the President’s State visit to the US later this month, with trade negotiations and trade exhibitions set to take centre stage during the week-long trip.
- The journey to establishing the County Aggregation and Industrial Parks (CAIPs) in all 47 counties has received a major boost after the government injected more money into the programme.
- Kenya's Equity Group Holdings (EQTY.NR), opens new tab said on Monday first-quarter pretax profit rose 21% to 20.4 billion shillings ($155.73 million), helped by growth in interest income.
- Aircraft delivery delays from Boeing (BA.N) are "extremely annoying" and cost Lufthansa (LHAG.DE) lots of money, but the U.S. planemaker should be able to resolve its problems, the German airline's CEO said in a newspaper interview.
- Safaricom PLC recorded Ksh.139.9 billion in earnings before interest and tax (EBIT) in the period ending March 31, 2024, financials released on Thursday showed.
- The Ministry of Health and the tobacco industry have locked horns over the use of graphic images as health warnings on the packaging of tobacco products.
- Barely three weeks after sugarcane farmers secured a victory in the corridors of justice, sugar millers have now come out guns blazing threatening a shutdown of operations beginning this week Friday.
- About 40 kilometers from Nairobi’s bustling Central Business District lies Witethie village. In this tranquil setting rests a modest 40 ft. by 80 ft. piece of land, roughly 460 square meters in size.
- The Kenya Revenue Authority (KRA) and the Kenya National Chamber of Commerce and Industry (KNCCI) have announced a collaboration aimed at promoting tax compliance and sustainable business practices within the Micro, Small, and Medium-sized Enterprises (MSME) sector in the country.
- The Kenya Revenue Authority (KRA) gave March 31, 2024 for all businesses to on-board the eTIMS system for easy verification of transaction records and specifically proof of client invoicing.
