Bizna Reporter

Betty Kyalo and Jalang’o hit with major salary cuts at MediaMax

Betty Kyalo and Jalang'o: Popular TV presenter Betty Kyalo and radio presenter Jalang'o are the latest media personalities to suffer salary cuts. Betty Kyalo and Jalang'o who are reported to earn six figure salaries at MediaMax are among employees at...

Thieves in Kenya: Man who deposited Sh. 5mn stolen cash in his accounts every month

Thieves in Kenya: A shocking revelation has been made on how a civil servant at the Ministry of Interior Security managed to deposit an average of Sh. 5 million every month in his 10 bank accounts. A report that appeared...

KRA set to seize Keroche assets over failure to pay Sh. 500 million

Keroche vs KRA: The Kenya Revenue Authority is set to seize the assets belonging to Keroche Breweries. This is after Keroche failed to honour the court deadline to pay Sh. 500 million to the taxman. A court order had required...

283 Kenya Airways cabin crew in mandatory quarantine

Kenya Airways crew: Kenya Airways is emerging as one of the hardest hit businesses by the coronavirus pandemic. On Thursday, it emerged that the national carrier has been forced to ground some of its cargo planes due to a...

Co-op Bank set to deepen lending to small businesses

Co-op Bank SME Loans: The Co-operative Bank will deepen lending to small and medium businesses once it acquires the Jamii Bora Bank. In a market review by global rating agency Moody's, the acquisition of the Jamii Bora Bank will provide...

State to pay tycoon Mike Maina Sh. 859 million for demolishing his house

Nairobi tycoon Mike Maina Kamau is set to receive Sh.859 million as compensation from the State over his eight bedroom mansion that was demolished in Nairobi’s Spring Valley to pave the way for a road. The house was demolished...

Ex PS Lilian Omollo loses Sh. 33 million ‘corruption money’

The High Court has ordered former PS Lilian Omollo to forfeit Sh. 33 million to the government after failing to explain their source. In her ruling, Justice Mumbi Ngugi said that Ms. Omollo did not sufficiently explain the source of...

Kenya’s coronavirus local transmission cases on the rise

Kenya's coronavirus local transmission: Nine more Kenyans have tested positive, bringing the total number of confirmed coronavirus cases to 225. Health Cabinet Secretary Mutahi Kagwe said 803 samples had been tested since Tuesday, when the ministry reported a total...

Co-op Bank investors to get Sh. 5.86 billion dividend pay next week

Co-op Bank Dividend 2020: The Co-operative Bank has become the first bank in Kenya to pay dividends to its shareholders before the Annual General Meeting. Co-op Bank will pay its shareholders a total of Sh. 5.86 billion in dividends on...

World Bank buys Sh. 1.5 billion stake in Naivas supermarket

Naivas Supermarket Shareholders: The World Bank's private lending arm, International Finance Corporation (IFC), has announced that it will acquire a Sh. 1.5 billion stake in Kenya's Naivas Supermarket. The IFC forms part of a group of investors who will pump...

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Parents face higher secondary school fees as principals seek funding review

Parents of secondary school students could soon face significantly higher school fees if a proposal by public school principals...