Bizna Reporter

PrideInn Hotels face closure over Sh. 87 million leasing debt

The PrideInn Group of hotels is facing closure. This is after a Mombasa hotelier asked the High Court to wind up the PrideInn Group of Hotels over a Sh. 87 million debt which is linked to a lease row. Salim Sultan...

Bob Collymore’s term at Safaricom extended

Safaricom chief executive officer Bob Collymore's term at the helm of Safaricom has been extended by two more years. His contract was due to expire in August after it was renewed for two years in May 2015. "He has successfully navigated...

You’ll be fined Sh. 20,000 if you don’t file your taxes

The Kenya Revenue Authority (KRA) has raised the amount of fine individual Kenyans who don't file their taxes will be fined. KRA has raised the amount to Sh. 20,000 from Sh. 10,000 fine that was imposed last year. “We are reminding...

NSE CEO: 7 things I know about money and creating wealth

Geoffrey Odundo is the chief executive officer at the Nairobi Securities Exchange (NSE). He has been the CEO at the NSE since 2015. Greatest financial milestone:  My greatest milestone has been making a conscious decision to invest in East African...

Tips to starting successful pig farming

When looking to venture into pig farming, the beginning point is to have good gilts (female pigs yet to give birth) and nice boars (male pigs). So what do you look for when selecting this stock? A good gilt Good gilt...

Troubled Nakumatt shuts down more branches

Nakumatt Supermarkets has announced that it will shut down more branches beginning this month. the branches will be closed in both Kenya and Uganda. The first to be axed will be Nakumatt Haile Selassie Avenue branch in Nairobi,. This branch located...

Dairy farmers in West Pokot earn Sh. 330 million

Dairy farmers in West Pokot are smiling all the way to the bank. This follows a payment of Sh. 330 million from the supply of raw milk to Brookside. The earnings represented a 10 per cent jump over income in...

Dairy farmers earn low as processors inflate milk prices

Yesterday, the price of half a litre of milk hit an all-time high of Sh. 70. In what has been seen as a windfall for milk processors, the prices of milk have been rising dairy at the supermarkets. However, there...

Tuskys shuts down another popular branch in Nairobi

Tuskys Supermarkets has closed its popular Beba Beba branch on Tom Mboya Street after 11 years, marking the second store shutdown by the retailer since the beginning of the year. The supermarket chain Tuesday announced that Bank of Baroda, the...

Costly mistakes that nearly killed my business

MONA OMBOGO / STANDARD Many of us have a dream, a calling, something we feel complete doing. For Ann, food was it. She was the head caterer at a high school in Murang’a for 12 years before she decided to...

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Kenya’s automotive leap: KVM commissions shs2.3B Toyota Hiace assembly line in Thika

Kenya Vehicle Manufacturers (KVM) today officially commissioned a new Toyota Hiace assembly line at its Thika manufacturing facility, marking a...