- 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.
- The Competition Authority of Kenya (CAK) has unconditionally approved the proposed acquisition of Shanta Gold Limited’s full shareholding by Saturn Resources Limited.
- The Code is a principles-based collective action Initiative that aims to promote and enhance the ethics of business conduct in Kenya in line with the Ten Principles of the United Nations Global Compact on Human Rights, Labour Standards, Environment, and Anti-corruption.
- Democratic Republic of Congo is pushing Apple Inc for more information about its supply chain over concerns it may be tainted with conflict minerals sourced from the country, international lawyers engaged by Congo said on Thursday.
- The Kenya Revenue Authority (KRA) says over 500,000 taxpayers have benefited from the ongoing Tax Amnesty Programme, saying it has enabled individuals to rectify their tax compliance status.
- In recent years, institutional investment in the cryptocurrency market, particularly in Bitcoin, has seen a remarkable shift from skepticism to widespread adoption.
- Pan-African social impact organization, Power Learn Project (PLP), has appointed a new Board of Trustees, which will be led by former ICT and Youth Chief Administrative Secretary Nadia Ahmed Abdalla.
- Tesla (TSLA.O) said it would introduce "new models" by early 2025 using its current platforms and production lines as it retreated from more ambitious plans to produce an all-new model that had been expected to cost $25,000.
- Kenya expects to produce over $1 billion (Ksh. 133 billion) in textile and apparel exports by 2027, President William Ruto said on Tuesday, citing current potential and investment growth.
- In a strategic plan to make clients reach their financial goals Chumz, a saving and investment app enables one to save money from discounts for making certain purchases. The saving can be from as low as Ksh.5.
- In an effort to incentivise boda boda riders to increase their uptake of electric-powered motorcycles, the ride-hailing platform Bolt is set to pay Ksh.50,000, an equivalent of 20 per cent of their acquisition cost.
- In an effort to incentivise boda boda riders to increase their uptake of electric-powered motorcycles, the ride-hailing platform Bolt is set to pay Ksh.50,000, an equivalent of 20 per cent of their acquisition cost.
- The CAMON 30 Series introduces advanced imaging capabilities, including a 50MP Eye-tracking Autofocus Front Camera and a Sony IMX890 50MP OIS Main Camera that produce stunning images in any lighting condition.
- Female entrepreneurs gathered at an event, ’ Empowering Female Healthcare Entrepreneurs’ where they discussed crucial opportunities and barriers in accessing health financing.
- Kenya Power on Monday announced it seeks to invest up to Ksh.258 million in the next three years to drive the uptake of electric vehicles (EVs) in the country.
- South Africa faces upside risks to its inflation outlook, Central Bank Governor Lesetja Kganyago said, but the latest data has not shown evidence of price pressures from food despite adverse El Nino weather wreaking havoc across Africa.
- Google fired 28 employees following a disruptive sit-down protest over the tech giant's contract with the Israeli government, a Google spokesperson said Thursday.
- Kosala Hewamaddumathe, Upfield’s Chief Marketing Officer for Africa, the Middle East and Asia, has challenged businesses to seek to create sustainable value in their activities.
- Sugarcane farmers in Kisumu are now seeking intervention from the courts to revoke the new prices announced by the Agriculture and Food Authority last week on Monday.
- American video streaming company Netflix, technology giant Apple and British oil multinational Shell are among the top global companies capitalising on Kenya’s voluntary carbon market (VCM), a new report by the World Bank shows.
- The Central Bank of Kenya (CBK) has released its latest Agriculture Sector Survey, highlighting a general decline in prices of key food items in March compared to February 2024.
- Boeing defended its safety practices Monday, touting aircraft testing protocols as it girds for a tough congressional hearing featuring critics of the embattled aviation giant.
