Bizna Reporter

Equity targets deep-pocketed customers with ‘branches for the rich’

Equity Bank is set to open four more branches that are aimed at serving deep-pocketed customers. The branches are part of a drive dubbed as 'Supreme Banking' and require customers to maintain a deposit of Sh. 200,000. According to the...

Engine checks to carry out at 200,000 km

Engine checks to carry out at 200,000 km You have a car that is almost clocking 200,000km. You do regular servicing and it is in good condition. What engine checks should you carry out at 200,000km? To begin with, bear...

Top Nairobi hotel to pay woman Sh. 3 million for labeling her ‘prostitute’

A top Nairobi hotel has been ordered to pay a lady Sh. 3 million for labeling her as a commercial sex worker. The Inter Continental Hotel will pay the amount to Winfred Njoki Clarke. Apparently, Ms. Njoki had gone to the...

Kipng’etich replaces Tumbo as Jubilee CEO

Jubilee Holdings chief executive officer Patrick Tumbo has resigned. Tumbo had served as the top chief for 10 years. His resignation was announced by the Jubilee Holdings board on Thursday. The board further annoinced that Tumbo will be replaced by Jubilee...

Fuel prices in Kenya hit four year high

The cost of petrol, kerosene and diesel has gone up yet again. The latest prices mark a four year high for the prices, signaling pain at the pump for consumers. The    Energy Regulatory Commission (ERC) increased the price of...

List of all new budget taxes you’ll now pay

From the 2018-2019 budget that was read yesterday by Treasury CS Henry Rotich, we have listed all the new budget taxes that have been imposed: Import Duties. 1. Steel & Iron productd - from 25 - 35% 2. Paper & paper board...

Shock as Kenya’s public debt now hits Sh. 5 trillion

Kenya's public debt has now hit Sh. 5 trillion and is causing lots of anxiety. The debt adds to the concerns that have been growing on the government's appetite for loans, most of which cannot be fully accounted for. According...

Centum’s annual net profit drops from Sh. 8.2 billion to Sh. 2.7 billion

Centum investment has recorded a drop in its full-year net profits to Sh2.7 billion from Sh8.2 billion in 2017 mainly due to lower property valuation gains and tough business environment in 2017. The Company’s full-year pre-tax profit dropped 64...

Ex KQ boss Ngunze was paid Sh. 105 million to quit

Kenya Airways has announced that it paid its former chief executive officer, Mbuvi Ngunze, a total of Sh.  104.8 million when he left the airline last year. Mr Ngunze earned a total of Sh.  89.9 million in the nine months...

Ex radio host Angela Angwenyi caught up in NYS Scandal again

Former radio queen Angela Angwenyi has been caught up in the NYS cash theft scandal yet again. According to a report appearing in the Business Daily, Ms. Angwenyi's bank account is among the over 115 bank accounts that have been...

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15 Nations sign Mombasa declaration to strengthen fisheries transparency and fight Illegal fishing

Fifteen national governments from across Africa, Asia, the Caribbean, Europe, and the Pacific today adopted the Mombasa Declaration at...