Bizna Reporter

KIPRONO KITTONY: Why suppliers must be paid on time

BY KIPRONO KITTONY As the Kenya National Chamber of Commerce and Industry (KNCCI), we have noted with great concern that the issue of delayed and disputed payments is presently one of the foremost risks for businesses operating in Kenya. This...

Peter Kenneth’s new bank gets CBK licence to operate

A financial institution associated with Nairobi gubernatorial candidate Peter Kenneth has been granted a licence to conduct banking business in Kenya by Central Bank of Kenya (CBK). In a communication, CBK said the license to Mayfair Bank Ltd has been...

SportPesa to withdraw all sponsorships

Giant betting firm SportPesa is set to withdraw all its sponsorship programs in six months time. This follows an announcement that was made by it chief executive officer Captain Ronald Karauri via Twitter on Friday. He said: "As @SportPesa we will be giving...

Jumia to sell 2kg Unga at Sh. 45

Online retailer Jumia is set to sell the 2kg Unga at a 50 per cent discount. The retailer will sell the Unga at the discount between July 3 and July 9. This offer follows a partnership between Jumia and Tuskys Supermarkets. The...

7 things I know about money, wealth and business

Evelyn Karungari Mungai is the executive director of Evelyn College of Design, the very first design college in East Africa which was started 40 years ago. She has also been in property and recruitment business.   Milestone: My biggest financial milestone...

Join new Co-op Bank investments, business opportunities club

Co-operative Bank is set to launch a club that will see members share investment and business opportunities. The club which has been dubbed as Captains Club will be launched to day at 6pm. According to a statement from Co-op Bank,...

Pay for SGR train fare on M-Pesa from today

Kenyans seeking to travel between Nairobi and Mombasa will from today be able to pay for their train fare from the comfort of their mobile phones. This is after Kenya Railways and Safaricom reached a deal for paybill numbers that...

KCB offers 8.5pc interest for money saved in new Savings Account

Kenya Commercial Bank (KCB) has introduced a new savings account that will offer an annual interest of 8.5 per cent on savings. This new rate is currently above the average industry rate of 7 per cent. The new account has...

SGR cargo trains to transport cheap maize

The subsidized maize from Mombasa is set to be transported to nairobi via the Standard Gauge Railway (SGR) in a bid to fasten transportation and ease on the biting maize floor shortage. The cargo trains on SGR were supposed to...

List of banks looking to buyout Chase Bank

France's Societe Generale and Mauritius-based SBM Holdings have joined the list of banks looking to buy out troubled Chase Bank. The other two banks in the race are KCB, I&M Bank, Stanbic, and South Africa’s First Rand. The Central Bank of Kenya (CBK) placed Chase...

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BYD by CFAO: SBM Bank and Avenue Lease & Rentals E.A lead Kenya’s Green Mobility Drive with first fleet of Plug-in hybrid vehicles

BYD by Cfao Mobility Kenya has delivered its first fleet of five plug-in hybrid electric vehicles (PHEVs) to Avenue...