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Bizna Reporter

9 things I know about money and business

Esther Katiba is the founder and director of Career Route Solutions Limited, a Human Resource Consultancy firm which was registered in 2008 and incorporated in 2010. Biggest financial milestone: Since I launched my business, there’s probably nothing that ranks higher...

Banks to demand for KRA Pin before opening accounts

BY THE STANDARD The taxman has finally been granted complete access to snoop into Kenyans’ bank accounts. This is after the Central Bank of Kenya directed all banks to ask for a Kenya Revenue Authority Personal Identification Number (PIN) certificate...

How farmer makes millions from chilli farming

BY AGNES AINEAH When Ruth Kamau made her maiden tour of the outskirts of Ngoliba town, one of the agricultural nerve centres of Kiambu County, her brilliant idea as she planned to venture into agribusiness was to plant onions. She...

Kenya now borrowing from Peter to pay Paul

This article by Jaindi Kisero first appeared in the Business Daily We are truly in the middle of a debt trap. In an interview with Reuters this week, Treasury secretary Henry Rotich disclosed that Kenya has no choice than to...

Co-op Bank posts Sh. 9.54 billion net profit in nine months

Co-operative Bank of Kenya has posted a Sh. 9.54 billion net profit in nine months. During this period, the bank's total non-interest income however increased 3.4 per cent to close the period at Sh. 10.14 billion. This was mostly driven by fees on...

Uchumi now hires fallen Nakumatt’s ex top manager

Uchumi Supermarket ha hired former Nakumatt Supermarket's chief marketing officer Andrew Dixona its new chief operating officer (COO). “The board (of Uchumi) has approved the appointment of Mr Dixon as the chief operating officer of the company,” Julius Kipngetich, Uchumi’s chief executive,...

KCB net profit hits Sh. 15.1 billion in nine months

KCB has posted a a 5.03 per cent profit growth in third quarter net profit to Sh. 15.1 billion. The bank defied a 3.6 per cent total interest income drop to Sh. 46.8 billion to post positive profit growth. “As the business environment...

Vehicles with these South Sudan number plates to be impounded

Cars bearing outdated South Sudanese registration plates on Kenyan roads will be impounded by the National Transport and Safety Authority (NTSA). This follows changes in numbering system by South Sudan. The country has nullified number plates series starting with CE, EE,...

Billionaire Chris Kirubi transferred to US for specialized treatment

Kenyan billionaire Chris Kirubi has flown to the US for specialised treatment after receiving medication in a top local hospital for about two weeks. Centum chief executive James Mworia confirmed the sickness in an internal memo sent to staff late last...

Portland Cement sinks into Sh. 1.4 billion loss

Cement maker East African Portland Cement has recorded Sh. 1.4 billion loss for year ended June 30. The company which recorded a net profit of Sh. 4.1 billion in 2016 blames low sales and excess supply on the loss. The company also...

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Safaricom, Sprite empower youth with digital Sskills at University of Eldoret Masterclass

Safaricom (NSE: SCOM) through its youth platform Safaricom Hook, in partnership with Coca-Cola Company's brand Sprite, yesterday toured University of...
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