Bizna Reporter

8 M-Pesa agents sue Safaricom over contracts

Eight M-Pes agents have moved to court seeking orders to reverse the termination of their contracts by Safaricom. Walts Ventures, Connect Hub Enterprises, Maxmillian Agency, Midax Petroleum, Lemiz Inter Traders, Kaiwan Enterprises, Real Technologies and Da Carlsam Limited claim that...

StanChart to offer unsecured personal loans of up to Sh. 7 million each

Standard Chartered Bank has set Sh. 10 billion to be given as unsecured loans. This move comes at a time when local banks have been shying away from issuing unsecured loans. StanChart says it has done its homework in terms of...

Prices of used Mercedes, Mazda cars to rise after KRA raises their taxes

The Kenya Revenue Authority (KRA) has revised its taxation of used car imports, raising the duty payable on prices of some Mercedes and Mazda models by more than 50 per cent. The new move is expected to increase the prices of the...

Safaricom pays Sh. 270 million fine for poor calls

Giant telecommunications firm Safaricom has been fined Sh. 270 million for poor calls. This is according to the Communications Authority of Kenya (CA). “Safaricom has already paid. The other two licensees are yet to pay due to issues they have raised,...

Jimi Wanjigi in Sh. 16.5 million debt row

Businessman Jimi Wanjigi is currently embroiled in a debt row with helicopter charter service firm Lady Lori. The business is said to owe the firm Sh. 16.5 million in debt and hanger fees. Consequently, the firm is holding on...

Vehicle owners in Kenya to buy new vehicle ID stickers by October 1

Over 300,000 vehicle owners in Kenya are required to buy new car identity stickers by October 1. The stickers will cost Sh. 700 each. They are meant to make it hard for drivers to get away with traffic offences and...

My simple, low cost and profitable zero-grazing

Four years ago, Rose Chepkwony owned three cows, which she grazed along the village paths because her small plot would not produce enough pasture for the animals. Today, curious visitors throng her farm at Tirgaga Village of Bomet County daily...

NASA strategist David Ndii calls for secession, mass action

Controversial economist David Ndii has hit the headlines after making controversial calls for secession of some parts of the Kenya. Mr. Ndii, who is also the head of opposition coalition NASA's technical team, further called for mass protests against what...

Family Bank ridiculed after suspending office tea

Family Bank has suspended afternoon tea in all its branches in a move it terms as a cost-cutting measure. In a memo from the bank's procurement and logistics department, the tea suspension took effect on Tuesday August 22. The memo yesterday found...

Equity Bank to stop giving salary loans

Equity Bank is set to stop giving out salary loans under its docket for unsecured and micro loans. This is a move that is expected to affect salaried workers and owners of small businesses. According to Kenya's Business Daily, the bank...

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Safaricom doubles Home Fibre speeds to power smart living customers to enjoy faster internet at no extra cost across all plans

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