Bizna Reporter

How and why Centum pays its employees millions in bonuses

Centum Investment is one of the few firms that offer its employees millions in bonuses. The firm's CEO James Mworia recently explained to the Kenyan business newspaper, Business Daily, on why and how its employees take home millions in bonues. Below...

Photos: Millions lost as fire razes down Gikomba market

Fire has razed down Gikomba market in Nairobi. The Friday morning inferno destroyed property worth millions but efforts are ongoing to contain the situation. In 2015, an estimated 10,000 traders in the popular market lost goods worth millions of shillings...

Auctions rise as borrowers struggle to repay loans

BY REUTERS The Nairobi car auctioneer hopefully scanned empty rows of rickety plastic chairs in a dusty lot for more bids but saw only too many vehicles and not enough buyers, an increasing problem as Kenya’s economy slows and repossessions...

Safaricom sacks 52 employees

Safaricom has sacked 52 employees suspected of involvement in fraudulent activities in the year ended March. The number is 16 more than the 36 it sent home the previous year. “While the number of investigations carried out during the year was...

Ethiopia to overtake Kenya as biggest economy in Eastern Africa

BY THE EAST AFRICAN Ethiopia’s economy is expected to overtake Kenya’s this year, buoyed by massive government spending on infrastructure that has kept the Horn of Africa nation in the list of the world’s fastest economies in the past 10...

Naivas Supermarket to launch online shop

Naivas Supermarket has announced that it wil be launching an online shop next month. The retailer has already committed Sh. 180 million to the opening and running of the e-shop. It has set a target to generate at least seven per...

Alison Ngibuini: My way of creating wealth

Alison Ngibuini is the CEO of Al Is On Production Limited. She is an award-winning communication entrepreneur and a two-time Business Daily Top 40 Under 40 female entrepreneur. Financial milestone: At the age of 27, I resigned from employment to...

Sh. 390 million for Nakuru MCAs’ cars and houses

Nakuru County Members of County Assembly are set to get Sh. 390 million for cars and mortgages. Each of the 78 MCAs will get at least Sh. 5 million to buy a car and a house under the county assembly car loans and mortgage scheme. The County Assembly Service Board has...

List of branches Nakumatt has shut down in Nairobi

Following a burden of debts and cash flow problems, Nakumatt Supermarket has found itself in the unfamiliar territory where it is facing absolute closure. Currently, the retailer that was once the largest in the country is estimated to be suffering...

Issuance of digital driving licences postponed

The implementation of the digital driving licenses that was expected to kick off from October 1 did not take place as expected. According to a press statement from the National Transport and Safety Authority (NTSA), the implementation of the...

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