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Bizna Reporter

HF CEO Frank Ireri quits amidst falling profits

Mortgage financier Housing Finance (HF) is set to embark on a hunt for a new Group Managing Director (GMD) after its current boss Frank Ireri opted not to renew his contract paving way for the recruitment of a new...

Most small business owners are four form leavers

Best small businesses in Kenya: Majority of the micro, small and medium sized enterprises (MSMEs), are operated by individuals whose highest level of education is secondary school, fresh data on this important sector of the economy shows. The recently released Economics Survey...

Nairobi to introduce car-free days to curb traffic jams

BY DAILY NATION Private motorists in Nairobi will soon be required to use other means into the city on some days as Nairobi County plans to regain its lost glory as a green city under the sun by introducing car-free...

How to choose the best medical cover

BY FELISTA WANGARI The one thing about illness is that it can creep up on you after years of relatively good health, leaving you physically, emotionally and financially drained. In the absence of a buffer, you might be forced to sell...

Bank to send 7,000 home

Deutsche Bank has said it will cut more than 7,000 jobs as Germany's biggest lender attempts to return to profit. The bank said it would reduce global staffing levels from just over 97,000 to "well below 90,000". Following a review of...

Co-op Bank’s net profit rises to Sh. 3.4 billion in 3 months

Cooperative Bank of Kenya's net profit for the first three months of the year has grown to Sh. 3.4 billion compared to Sh. 3.2 billion in the previous year. This has followed a 9 percent growth in its pre-tax profit...

Britam CEO Benson Wairegi earns Sh. 69.6 million per year

BY BUSINESS DAILY Britam’s chief executive officer Benson Wairegi earned Sh. 69.6 million in the year ended December, the insurance firm has disclosed in its latest annual report. Mr Wairegi’s pay increased only marginally from Sh69.2 million the year before. Britam...

Kenyans under 35 may no longer be blacklisted on CRB for defaulting loans

BY DAILY NATION Young people will no longer be registered under the Credit Reference Bureau (CRB) for defaulting on loans, Youth Fund Chairman Ronnie Osumba has said. Speaking during the Youth Economic Dialogues in Nairobi on Tuesday, Mr Osumba said his...

Kenyan small businesses, tender winners can now get easy funding from Kountable

Many small and medium businesses have been going through a major financing struggle. This has been aggravated by the tightening of credit offering by a majority of Kenyan banks following the introduction of a law that capped interest rates...

Billionaire Humphrey Kariuki to build Sh. 40 billion gas power plant in Mozambique

Little-known Kenyan billionaire Humphrey Kariuki has entered into an agreement that will now see him construct a Sh. 40 billion gas power plant in Mozambique. Kariuki has struck the deal through his Great Lakes Africa Energy (GLAE) firm, which is...

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NCBA Group reports KSh 23.4 Billion profit for FY2025 as dividend jumps 30%; new strategy unveiled

NCBA Group PLC has posted a net profit of KES 23.4 billion for the full year ending 2025, marking...
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