Safaricom's largest shareholder, Vodafone, is set to sell 35 per cent of its stake for Sh. 266 billion.
The company, which owns a 40 per cent stake in Safaricom, will sell the stake to its South African subsidiary Vodacom.
It will retain...
The Wananchi Group has issued a letter to all its employees indicating that it will be sending an unspecified number of staff home.
Wananchi Group is the parent firm of Zuku.
According to the letter obtained by Bizna Kenya, the employees...
The National Bank of Kenya has revealed that it lost about Sh. 300 million to theft by employees and cyber attacks from hackers.
“Operational losses including fraud losses (were) recorded at 3.0 per cent of total revenue made in 2016,"...
BY ODHIAMBO RAMOGI
Warren Buffet, the world’s second richest man, was 40 years old in 1970.
He had graduated from Columbia University and gone to New York to learn about investments.
He worked in several firms before starting his own — Buffet...
The Mercedes-Maybach S600 (there's no "Benz" in the name, officially) stays under the Mercedes brand umbrella and is related to the current generation S-Class, but its purpose is still to take on Rolls-Royce and Bentley for the world's best...
A Sh. 1 billion fertilizer granulation plant is will be set up in Nakuru. This is after the Fertiplant East Africa Limited received a Sh. 1 billion investment from the International Finance Corporation.
The plant is expected to have an annual capacity...
Entrepreneurship and money are like a game of chess, riddled with traps and opportunities. Your success in the game largely depends on how you make your move: a smart move could break you even while a rookie move could...
Kenya’s largest bank by assets, KCB, has recorded a profit dip in the first quarter of 2017.
The bank posted a net profit of Sh. 4.54 billion in the three months to March 2017 compared to Sh. 4.63 billion in...
The demand for prefabricated items for houses and road construction, like blocks and culverts, has increased tremendously with the growth of Kisumu’s real estate sector. This increase has been the gas fueling Ms Christine Jackino's firm, Building Construction Concepts...
Household goods, crops and livestock will now be used as security against bank loans.
This is after President Uhuru Kenyatta signed into law a bill allowing the use of these commodities as security against loans.
The new law is aimed at...
