Bizna Reporter

Uhuru appoints Francis Muthaura, 71, KRA chairman

President Uhuru Kenyatta has appointed former head of Public Service Francis Muthaura as the new chair of the Kenya Revenue Authority (KRA). In a gazette notice dated May 25, President Kenyatta further revoked the appointment of Edward Sambili as KRA...

Kenya to start regulating ‘predatory mobile loans’

BY REUTERS Kenya built a reputation as a pioneer of financial inclusion through its early adoption of a mobile money system that enables people to transfer cash and make payments on cell phones without a bank account. Now, a proliferation of...

3 Chinese contractors get Sh. 4.1 billion tenders to repair Nairobi roads

Three Chinese firms have been awarded contracts worth Sh. 4.1 billion to repair roads in Nairobi that have been damaged by the on-going heavy rains. According to Transport and Infrastructure secretary James Macharia, the government has struck a deal with...

Power games behind multi-trillion coal in Kenya

BY JOHN KAMAU / NMG On Saturday May 10, 2014, Chinese premier Li Keqiang was driven to Nairobi’s State House to formally sign the agreement on the multibillion-shilling standard gauge railway project — one of Jubilee government’s flagship projects. Tied to...

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...

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PS Kello Harsama assures Kenyans of stable fuel supply and adequate petroleum stocks

The Principal Secretary for Petroleum, Kello Harsama, has assured Kenyans that the country continues to maintain adequate petroleum stocks...