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Bizna Reporter

Scandal forces Elon Musk to resign as Tesla chairman

Elon Musk to Resign: Tech billionaire Elon Musk agreed Saturday to step down as chairman of Tesla and pay a $20 million fine in a deal to settle charges brought this week by the Securities and Exchange Commission. Under the...

All about Toyota’s Valvematic engine system

Valvematic Engine System represents a positive evolution of Toyota’s patented variable valve timing with intelligence technology (VVT-i ), allowing for throttle-free control of engine speed. This may seem confusing – if more air isn’t allowed into the intake manifold, either manually or...

I started my business with Sh. 2,000 loan from a friend

BY LILYS NJERU: Business loans in Kenya: “My name is Patrick M. Mwiti. I am the Managing Director of Newskin Media Limited. I started my first business with Sh. 2, 000 that I borrowed from a friend in November 2005 after dropping...

Cost of living in Kenya rises to one-year high

The cost of living in Kenya has hit a one-year high. In the month of September, inflation in the country increased to 5.7 per cent 4.04 per cent the previous month. This rise has been attributed to the rise in...

Senators get Sh. 1.4 million each to watch volleyball, players get Sh. 3,800

Five senators have been cleared to fly to Tokyo, Japan for a 14-day trip to watch the Women’s World Volleyball Championships which starts tomorrow. The five are Irungu Kang’ata (Murang’a), Christopher Lagat (Bomet) and nominated colleagues Beatrice Kwamboka, Victor Prengei...

How Magufuli frustrated Sylvia Mulinge’s Vodacom job

Safaricom's Sylvia Mulinge is the new director in charge of special projects at Safaricom. This comes months after her appointment as the Managing Director of Vodacom Tanzania failed to take off. Before her appointment to the big position in Tanzania,...

CBK targets diaspora cash in debt payment plan

The Central Bank of Kenya is now counting on diaspora cash as it seeks to build reserves to pay debts and service imports. CBK Governor Patrick Njoroge said remittances jumped 41 per cent in the seven months to July and...

Kenya hits Tanzania with new tariffs in growing trade war

Kenya vs Tanzania: Kenya has imposed new tariffs on Tanzania products like flour  in what is being widely seen as retaliation in a growing trade war. This is after the neighbouring country ignored a deal that granted Kenyan-made chocolate,...

EACC launches bible study to fight corruption

EACC Bible Study: The EACC has embarked on the use of Bible study to boost the commission's fight against corruption. The commission, chaired by retired Anglican Archbishop Eliud Wabukala, launched the Bible Study Guide together with the Inter-Religious Sector on...

Michael Kors to buyout rival for Sh. 200 billion

Michael Kors is going high end. The handbag maker is acquiring the Gianni Versace fashion house for $2.1 billion, including debt, providing Kors a launching pad into the exclusive European luxury market. Shares of Michael Kors were down slightly near...

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Grounded in error – Ten fallacies acout 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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