Bizna Reporter

Chris Kirubi makes Sh. 2.3 billion in 6 months on NSE

Billionaire industrialist Chris Kirubi has raked in Sh. 2.3 billion in the last six months. Mr. Kirubi made the amount on the NSE following a share rally that followed the outcome of the General Election. Chris is the majority individual shareholder...

Owners of 15,000 uncollected logbooks to face NTSA fines

Owners of 15,000 uncollected logbooks might face fines for failing to collect their documents from the NTSA. This is according to the transport authority. According to NTSA, Nairobi leads with 8,763 uncollected logbooks followed by Mombasa with 5,998. Kisumu and Nyeri follow...

Mortgage financier HF’s profit falls by 74 per cent

HF Group (previously known as Housing Finance) has recorded a 74 per cent dip in profit for the half year ended June on the back of reduced interest income blamed on rate caps. The lender’s net earnings in the period...

SGR trains online booking to start

Kenyan travelers will now be able to book for the SGR trains starting from two weeks. This is after Kenya Railways addressed hitches that had delayed the roll-out of the SGR online bookings. The firm has also started incorporating details of...

Co-op Bank posts Sh. 6.6 billion net profit in 6 months

The Co-operative Bank has posted a net profit of Sh. 6.6 billion in the first half of this year. The profit came against the backdrop of a tight operating environment especially with the capping of interest rates, general economic slowdown in...

How I handle my money to grow wealth

Wambui Muriithi is the Managing Partner at Leed Business Corporation Ltd, an investment and business advisory firm that connects investors, international private equity and venture capital firms to high-growth African businesses with proven concepts and global prospects. Biggest money mistake:...

Pesa Link moves Sh. 8 billion in 5 months

Pesa Link moved Sh. 8 billion in the five months to August 4 since it was launched. The interbank money transfer platform was expected to rival telcos’ mobile money service currently dominated by Safaricom’s M-Pesa.  KBA manages the switch and facilitates...

Kenneth Matiba awarded Sh. 504 million for illegal detention

Veteran politician Kenneth Matiba has been awarded Sh. 504 million by a Nairobi court for his detention. Although the 85-year-old former Kiharu MP will not regain his health, Justice Isaac Lenaola said, the award should act as a reminder of...

Nakumatt employees now go to court over unpaid salaries

Troubles at Nakumatt appear to be mounting. This is after workers went to court to protest over unpaid salaries. Nakumatt is also accused of not remitting pensions, pay as you earn (PAYE) deductions, loan repayments, sacco contributions, private insurance schemes...

DStv increases number of channels in its packages

MultiChoice has increased the number of channels available on its DStv family package to lure more customers following increased competition from Internet TV. DStv will offer the Spanish league La Liga on its Family Bouquet beside BBCLifestyle, Food Network, Cbeebies, Trace...

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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...