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Bizna Reporter

Co-op Bank added to influential Morgan Stanley markets index as net profit soars

The Cooperative Bank of Kenya has been added to the influential Morgan Stanley markets index, the MSCI Frontier Markets Index. The MSCI Frontier Markets Index, created by Morgan Stanley Capital International (MSCI), tracks the performance of large and mid-cap listed...

JKIA workers: Why we are opposed to Adani’s takeover of Kenya’s top airport

Aviation workers at the Jomo Kenyatta International Airport (JKIA) have opened up on why they are opposed to the controversial takeover of Kenya's top airport by Indian firm Adani. This comes hot on the heels of fears that President William...

MD Gerald Warui leaves Equity Bank Kenya after 28yrs; replaced by Moses Nyabanda

Gerald Warui has left his position as the Managing Director of Equity Bank Kenya. Warui, who has been with Equity Bank since 1998, has left the lender under what has been termed as early retirement. "The Board has today... accepted...

More than 100,000 Metropolitan Sacco members lose Sh. 15 billion

More than 100,000 Metropolitan Sacco members have lost Sh. 15 billion between 2021 and 2023. According to the Sacco's interim chair, this has been caused by the former management that reportedly failed to account for the expenditure and the whereabouts...

Bankrupt Mobius acquired by undisclosed buyer; deal to close within 30 days

Bankrupt local automaker Mobius Motors Kenya Limited has been fully bought off by an undisclosed buyer in a deal that is set to be finalized within the next thirty days. This has been revealed by the automaker through a...

Co-operative Bank announces Sh. 13 billion half year net profit

The Co-operative Bank of Kenya has announced a 7 per cent increase in half year net profit to Sh. 12.9 billion for the period ended June 30, 2024. During the period under review, the bank's total assets increased by 7.8...

Farmers to be fined Sh. 1 million, sent to jail for growing Ndengu without license

Kenyan farmers who are caught by the government growing Ndengu (mung beans) without a license will be slapped with a Sh. 1 million fine or a jail term if a new Bill that is before parliament becomes law. According to...

How Sh. 1.5 billion was stolen from Equity Bank in daring July money heist

A staggering Sh. 1.5 billion was stolen from Equity Bank, the second largest bank in Kenya by assets, in July 2024. According to a shocking investigative report that was published by the Daily Nation on Thursday, August 15, this...

Master the art of pairing whisky with your food

Whisky is incredibly versatile, with distinct and different aromas, flavours and tasting notes. There is something to be said about how great whisky cocktails can go with many dishes, transforming ordinary meals into gourmet experiences, especially when the ingredients...

Aisha Jumwa in soup over Sh. 250 million house she acquired on loan last year

Former Cabinet Secretary Aisha Jumwa is in soup over a multi-million house she acquired. The former CS has been dragged to court by Bejav Furniture Limited over the Sh. 250 million house that she bought in 2023. In the suit,...

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Kinyanjui Kombani Pens a Love Letter to Legacy in New Book, Dear Mama

Kenyan writer and banker Kinyanjui Kombani has published a deeply personal new book, Dear Mama—a work that reads less...
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