Bizna Reporter

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...

Leak reveals Sally Kosgei’s Sh. 103.66 million apartment purchase in UK

A powerful former minister and head of public service has been linked to offshore transactions based on documents of Bermuda-based law firm Appleby. Apparently, Ms.  Kosgei used a secret Mauritian-registered firm to buy a $1 million (Sh. 103.66 million) apartment in Central...

Departure times for second SGR passenger train

The second SGR passenger train has started running. The new service that commenced on Wednesday, Nov 1, will be an express train set to depart the Nairobi and Mombasa Termini at 3:30 pm. The existing morning train has now been...

How I make millions from mixed farming after quitting my bank job

BY CAROLINE WAMBUI Kagumo Hort-Farm is a three-and-half-acre venture fenced with Tithonia diversifolia (Mexican sunflower). Owner Muriithi Musa, dressed in a blue overall, a matching hat and a black pair of gumboots, is busy feeding chickens when we arrive. “Currently I have...

8 things I know about money and wealth

Paul Muhami is a finance management, entrepreneurship and investment advisor. He is also the managing director of Nairobi Success Academy, a personal development and investment consultancy firm. Building wealth: Learning to pay myself first was my catalyst to meaningful wealth creation....

NRM tells supporters to boycott Safaricom, Brookside, Bidco

Raila Odinga's National Resistance Movement has told its supporters to start boycotting products from Bidco Brookside and Safaricom. NRM says the boycott is an act of economic sabotage against corporates they claim are affiliated to the Jubilee administration. On the eve...

SGR upgrade to electric train to cost Sh. 65 billion

BY THE STANDARD Plans to electrify the Mombasa-Nairobi Standard Gauge Railway (SGR) in four years’ time could cost the taxpayer an additional Sh. 65 billion. The Ministry of Transport had initially put the cost of upgrading the 609km of railway...

Shock as NHIF now downgrades medical cover

THE STANDARD Families are staring at huge medical bills as the National Hospital Insurance Fund (NHIF) rolls out downgraded health cover. The cover will now pay for only four outpatient hospital visits in a year. In what is turning out to...

What it really means to be declared bankrupt

BY ANTHONY NGATIA When faced with overwhelming debts obligations, some people turn to courts of law to file for bankruptcy. They compel the courts to declare them bankrupt and insolvent, meaning that they no longer have capacity to clear their...

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Safaricom doubles Home Fibre speeds Safaricom has announced an upgrade to its Home Fibre offering, increasing internet speeds by up...