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Bizna Reporter

KCB cuts interest paid on its savings accounts

Payable KCB rates on deposits have been reduced. This follows the move by the bank to cut interest rates payable on savings accounts. On Tuesday KCB announced through a public notice that it will now pay 7 per cent per...

Kenya mulls taking Chinese Yuan as a reserve currency

Kenya is considering the adoption of the Chinese yuan as a reserve currency, its central bank governor said on Tuesday. Patrick Njoroge, the Governor of the Central Bank of Kenya (CBK), told journalists in Nairobi that a number of African...

Zuku set to leave Kenya

Wananchi Group, an East African pay-TV and internet company which owns Zuku, has hired Lazard Ltd. to work on a potential sale as some of its investors look for an exit, people familiar with the matter said. Zuku Packages include...

How Jamal Khashoggi was killed inside Saudi embassy

How Jamal Khashoggi was killed: The Saudis are preparing a report that will acknowledge that Saudi journalist Jamal Khashoggi's death was the result of an interrogation that went wrong, one that was intended to lead to his abduction from...

Kenyan diplomats in London, New York pay billions in ‘rent’

BY DAILY NATION: Kenyan embassy in London and US: diplomats in London and New York have been forced to rent homes as residences built by taxpayers fall apart due to neglect, the Auditor-General reveals. Edward Ouko’s audit paints the sorry...

How Cytonn broke the glass ceiling in real estate

Investing in Cytonn: In 2014, a team of four young professionals joined hands and launched Cytonn Investments, a private equity firm. The four professionals, Edwin Dande, Shiv Arora, Elizabeth Nkukuu, and Patricia Wanjama, were venturing into a field they...

Full list of all latest securities prices on NSE

Securities Prices: Below is the full list of all the latest prices for all stocks that are currently trading on the Nairobi Securities Exchange (NSE). AGRICULTURAL Company Last Traded Price(Ksh) Prev Price(Ksh) Change(%) Eaagads Ltd Ord 1.25 AIMS 18.00 18.00 0.00 Kakuzi Ord.5.00 310.00 310.00 0.00 Limuru Tea Co. Ltd Ord 20.00 540.00 540.00 0.00 Sasini Ltd...

Kenya’s 11-year-old golfer making waves internationally

Eleven-year-old Chanelle Wangari has been touted as one of Kenya’s most promising young golfers and is currently Africa’s top-ranked junior golfer. Earlier this year, she beat 117 other contestants in the US Kids Golf World Championship to emerge as the...

Diesel, Kerosene prices rise yet again

Kenyans will now have to dig deeper into their pockets after diesel and kerosene prices were increased again. The average cost of imported super petrol went down by about two per cent last month compared to August. The average landed...

Apartments in Nyayo Highrise to be demolished

Environmental management and Water Resources authorities have given a developer of a residential property in Nyayo Highrise, Nairobi 14 days' demolition notice. The National Environment Management Authority and WRA, in a notice to the Edermann Property on Friday, said the...

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Grounded in error – Ten fallacies about Kenya Airways (Part one)

When Peter Drucker warned that “the greatest danger in times of turbulence is not the turbulence; it is to...
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