Bizna Reporter

Kountable CEO: 7 ways I grow my wealth

Chris Hale is the founder and Global CEO of Kountable, a technology trade platform based out of San Francisco, US, which facilitates international trade for SMEs. Greatest milestone: Closing a $150,000,000 line of credit with a US based alternative credit...

Co-op Bank shareholders to get dividend pay after AGM approval

Co-operative bank shareholders are set to get a dividend payout of Sh. 0.80 per share. This follows the approving of the dividend pay during the bank’s Annual General Meeting which was held on Friday in Nairobi. The dividend pay comes...

How 2 sisters, brother got Sh. 637 million maize scam pay

Two sisters and a brother were paid over half billion by the National Cereals and Produce Board (NCPB). This has been revealed by the Standard Media Group, which says it has documents showing the payments. According to The Standard, the...

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...

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Airtel Africa becomes the first operator in Africa to commercially launch Starlink mobile in DRC

Airtel Africa and Starlink have launched satellite-to-mobile service in the Democratic Republic of the Congo (DRC), marking the first...