Bizna Reporter

Nakumatt closes 2 more branches, more to be shut down

Troubles keep piling on once glorified retailer Nakumatt Supermarket. The retailer has now shut down two more branches. It closed down its Bamburi branch in Mombasa and the Lunga Lunga outlet in Nairobi’s Industrial Area. The branches are the latest in a...

Raila: Why contributors won’t get refund from NASA paybill

Opposition leader Raila Odinga has said that Kenyans who supported his presidential campaign through the NASA pay bill number will not get any refund following his decision to withdraw from the presidential repeat vote. Mr. Odinga, who was speaking on...

Kenyans unable to repay bank loans

Today, at least 135 vehicles bought recently through bank loans, and whose owners have been unable to repay the debt, will start their journey to new owners. Advertisements from two banks in local dailies last week asked Kenyans to send...

Meet 26-year-old youngest self-made billionaire in the world

An entrepreneur from Ireland has been named the youngest self-made billionaire in the world. John Collison who is the co-founder and President of Stripe, the company that lets businesses and individuals easily accept payments over the internet is just 26-year-old, two...

Local airline to launch direct Mombasa-Kisumu flights

A local airline has announced plans to launch direct Kisumu-Mombasa flights. Silverstone Airlines announced that the direct flights will take place from November. The airline Tuesday launched commercial flights from Nairobi to Kisumu and Ukunda, having previously operated as a charter-only...

Raila withdraws from Oct. 26 presidential election

NASA leader Raila Odinga has withdrawn from the October 26 presidential election. The NASA leader announced this move on Tuesday afternoon at the Okoa Kenya offices in Nairobi. Mr. Odinga had announced that he would not take part in the upcoming...

Kittony: interest rates cap doing more harm than good

BY KIPRONO KITTONY Despite the great intention behind the Banking Amendment Act 2016, it is yet to achieve its intended objective one year down the line. The Act, which caps commercial bank lending rates at four per cent above the Central...

Former billionaire Cyrus Jirongo declared bankrupt

BY BUSINESS DAILY Former Lugari MP Cyrus Jirongo has been declared bankrupt after the court found him unable to service his debts. High Court judge Olga Sewe found that Mr Jirongo was unable to pay Sh700 million he owed eight companies. This...

List of all services you can get at a Co-op Kwa Jirani agent

In 2011, Co-op Bank launched agency banking dubbed Co-op Kwa Jirani to enable Kenyans access banking services at their neighbourhoods. "Our agency banking is designed to give majority of Kenyans who reside in remote and unbanked areas access to banking...

Cytonn denies Alma project has construction defects

Real estate firm Cytonn Investments was last week engaged in a back and forth game of accusations and denials with popular blogger Robert Alai over its Alma project at Karen. It all started when the blogger published a post claiming...

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Ochieng: I started furniture business with Sh7k, now I make up to Sh10k daily

Every successful business begins with a single opportunity. For William Ochieng, that opportunity came with little more than determination,...