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Bizna Reporter

KCB posts Sh. 29.9 billion half year net profit; to pay Sh. 1.50 interim dividend

KCB Group has announced a half year net profit of Sh. 29.9 billion for the period ended June 30, 2024. This was a growth of 86.4 per cent from the Sh. 16.1 billion that was reported in the same...

Kenya to pay German firm G+D Sh. 14.2 billion to print new money

The Central Bank of Kenya has announced that the country will pay German firm Giesecke+Devrient Currency Technologies (G+D) Sh. 14.2 billion to print new money that will replace current old notes. This has been announced by the CBK Governor Kamau...

Bidco acquires company that owns Ribena and Lucozade in multi-million deal

Bidco Africa Group has acquired the manufacturers of the popular drinks Ribena and Lucozade in a deal that is estimated to be worth millions. Bidco has made the acquisition through its joint venture with the Danish company known as...

Breakdown of nearly Sh. 200 million salary Paul Russo earns as KCB Group CEO

KCB Bank Group chief executive officer Paul Russo is one of Kenya's highest paid executives. Latest salary earnings show that Mr. Russo took home an annual gross pay of Sh. 177.6 million last year. This was however a dip from...

KCB fires 22 employees over fraud, blocks fraud attempts on Sh. 362.7 million

KCB Group has announced that it fired 22 employees over fraud. These occurred in the financial year ended December 2023. The sackings were a sharp increase of up 175 per cent from the 8 employees that were sacked in...

High school fees arrears block needy student from joining UoN 2yrs after his KCSE

A needy student from Kenyolok in Kilgoris Constituency has been unable to join the University of Nairobi, two years since he sat for his KCSE exams and scored an impressive grade of B Plain. Ambrose Kiplangat Korir was admitted at...

21 managers and workers at NHIF hold fake KCSE certificates

An audit of academic papers at the Ministry of Health has revealed that 21 managers and workers at the National Hospital Insurance Fund (NHIF) hold fake KCSE certificates. According to a report that was published by the Standard Media Group's...

Cambridge cancels exam results for all students at Nairobi’s Light International School

Examination results for all students who sat their IGCSE, AS, and A Level examinations at the Light International School in Nairobi have been canceled. The examination results were canceled in a decision that was communicated to the school by...

Eldoret churchgoers in losses after investing millions of cash, loans in pastor’s scam

Churchgoers in Eldoret are counting millions of losses after investing their savings in an investment scam that was being operated by their pastor. The churchgoers at the Rofam Centre Christian Church say that they took Sacco loans and dug out...

Ruto, Mbadi to reintroduce taxes, 49 amendments in rejected Finance Bill 2024

The Cabinet for the National Treasury John Mbadi has confirmed that the government is planning to reintroduce the rejected Finance Bill 2024. This comes days after President William Ruto said during public rallies in Western Kenya and in Uasin...

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Shock as Gaucho, Ken wa Maria appointed to hospital boards in Nairobi

Benga musician Ken wa Maria whose real name is Kennedy Wambua Ngunze and vocal Orange Democratic Movement (ODM) Calvince Okoth...
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