Bizna Reporter

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...

Local billionaire’s properties to be auctioned over multi- million debts

In 2014, businessman George Kariithi opened a Sh. 250 million supermarket outlet along Nairobi's Moi Avenue. At the time, the businessman who is thought to be a billionaire, said in an interview that the outlet named “Karrymatt Downtown” in KTDA...

Nakumatt goods on 50 percent discount in mega clearance sale

Cash-strapped retailer Nakumatt Holdings has put some of its goods on sale to clear stock as it plans its recovery strategy. It is offering a 50 per cent discount on non-food items to raise cash to shore up operations in...

2018 Fortune 500: These are the world’s best companies

The 64th annual Fortune 500 list is out. With $12.8 trillion in revenue–2/3rds of U.S. GDP–and 28.2 million employees worldwide, these companies remain the most important engine of both the U.S. and the global economy. Some takeaways, provided by Fortune...

Download StarTimes App to watch over 45 free channels, save 40 per cent on data

For a long time, consumers have had to rely on the traditional television set when accessing information and entertainment. With the advent of technology, this reliance has shifted to Pay Tv, with premium pay television service providers setting base...

Safe profit-making investment vehicles to keep your savings

Once you make the decision to start making smart investments, the simplest way of thinking about it when trying to define your objective is asking yourself two simple questions. First, what you are going to use this money for and...

StanChart to open up unsecured loans to individuals, SMEs

Standard Chartered Bank is set to start issuing unsecured loans using a new method. The new method will see the bank track and analyse borrowers’ transactions dating back to 10 years, helping lock out those who do not meet...

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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...