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Bizna Reporter

Sh. 230bn Mombasa-Nairobi road upgrade into dual carriageway set for next year

The upgrading of the Mombasa-Nairobi highway into a dual carriageway is set to kick off next year. The upgrading of the highway has been estimated to cost Sh. 230 billion. According to Kenya National Highways Authority (KeNHA) director-general Peter Mundinia, talks with...

4 ways to handle money in your business

The make or break point for entrepreneurs is in how they handle money in business. And while many will take varying financial steps, there are prerequisite ways of handling money that the most successful entrepreneurs follow to ensure that...

M-Akiba cash limit to be expanded

The National Treasury is set to expand the cash limit for the M-Akiba bond in its second offer. The Sh. 4.85 billion second offer will be launched this month. According to reports, investors will be able to exceed that daily limit when...

Sh. 1.2 billion Foton car assembly in Nairobi to be auctioned

Foton East Africa’s Nairobi car assembly plant is set to be auctioned to repay debts. The assembly is estimated to be worth around Sh. 1.2 billion. A public auction notice has invited bids for the 10 acres on which Foton’s...

Kenyans to pay Vimal Shah Sh. 113 million

The taxpayer might be set to pay Bidco owner Vimal Shah Sh. 113 million in legal bills incurred during tribunal proceedings over the collapsed 10,000 kilometres roads project. This is after Vimal's Hemby Holdings Limited, and its Singaporean partner ITNL...

Sweets company Kenafric faces closure over pollution

Sweets company Kenafric is facing closure after the High Court dismissed a a case opposing its closure due to pollution. The dismissal has put the jobs of 1,000 employees at risk. The county government had accused the company of failing...

Kenyan billionaires in fight over Sh. 4.1 billion planes

Two rival aviation firms owned by two billionaires are currently engaged in a bitter clash over three planes that are valued at an estimated Sh. 4.1 billion. The dispute is currently threatening to stall the operations of Bluebird Aviation...

How we offer loans to small businesses without collateral

One of the biggest hurdles that confront start-ups is lack of capital and operation funds. Most of them run into a financial storm when their clients do not pay up promptly for services rendered. However, a new firm is bridging...

I don’t regret quitting my finance job for farming

For two years, Rose Wamucii Nderitu worked as a credit officer at a Nairobi-based micro-finance firm. To many people, her job in the financial sector looked enviable. “I was based in Nairobi, and my job majorly entailed field work.”...

Brookside announces plans to increase market share

Brookside Dairy has announced plans to increase market share in the local dairy industry by the year 2021. This came as the dairy firm launched two new yoghurt flavours under its Delamere brands. Brookside acquired rival milk processor Delamere about a...

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