Bizna Reporter

Kenyans to send, receive money across all networks in real time

Kenyans will soon be able to send and receive money across networks in real time. The Communications Authority of Kenya (CA) said mobile money operators would today start implementing mobile money interoperability, enabling users to make money transfers across networks. “One...

Kenya’s NSE is fifth best stock market in Africa, says Barclays Africa report

The Nairobi Securities Exchange has emerged as the fifth best stock market in Africa. The ranking has come in a report on the state of securities markets by Barclays Africa Group. This saw the local bourse beat former securities giants...

Kenyans to borrow and lend each other shares on NSE

Kenyans will now be able to borrow and lend each other shares on the Nairobi Securities Exchange (NSE) from June this year. This follows the installment of an upgrade system that will facilitate this new investment feature. The upgrade will...

Cabinet Secretary: I invested in Bitcoin and reaped big

Cabinet Secretary for Information, Communication, and Technology Joe Mucheru has revealed that he had invested in bitcoin and reaped hugely. "I exited and I am not complaining,” he said during the opening of the Nairobi Innovation Week. He added that the ministry is...

Kenya’s GDP to grow by over 5 per cent, says Barclays Africa report

Kenya is set to record a gross domestic product (GDP) growth of over 5 per cent this year. This is according to a newly released economic projection report. The gross domestic product (GDP) represents the total value of goods and...

Youth, women funds among six agencies to be merged into mega bank

The Government is set to merge six financial agencies into one major bank. This is in a move that is aimed at increasing efficiency, resolving overlaps and instilling better utilization of resources. The institutions that are set to be merged into...

Sam Githungo: 7 things I know about career, money and wealth

Sam Githungo is a Governance Officer at VisionFund International which is a subsidiary of World Vision International. He’s tasked to offer governance advice and support to microfinance institutions owned by World Vision across Africa, Asia and Middle East and...

You can now get Visa services on your mobile phone

Kenyans can now be able to access Visa services through their mobile phones. This follows a product by Co-operative Bank that is modeled to allow users access and carry out Visa services from the comfort of their mobile handsets. This...

Pain as fuel prices rise sharply

Kenyans will have to cough up more to meet their fuel demands. This is after the prices of fuel rose sharply. Super petrol increased by Sh. 2.13, diesel Sh. 2.39 while kerosene shot up by Sh. 3.36 per litre respectively. Nairobi...

Igathe resigns as Deputy Governor after fall out with Sonko

Nairobi Deputy Governor Polycarp Igathe has resigned following a major fallout with Governor Mike Sonko. “Dear Nairobians, it is with a heavy heart that I resign my seat as elected Deputy Governor of Nairobi City County effective 1pm on 31st...

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