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Bizna Reporter

Ex Nakumatt head Ramamurthy succeeds Vimal Shah as Bidco CEO

The immediate former long serving Nakumatt boss Thiagarajan Ramamurthy has been appointed as the new group chief executive officer at Bidco Africa. Ramamurthy takes over from Vimal Shah who moves on to become the chairman of Bidco Africa. “Ramamurthy is a...

Co-op Bank rises to second in 2017 list of best banks in Kenya

Co-operative Bank of Kenya has risen to the second best bank in Kenya in the full year 2016 ranking of Kenyan banks by investment firm Cytonn Investments. Co-operative Bank scored a total franchise value of 59, a total return of...

Why long-serving Nakumatt director has quit the retailer

The long-serving Nakumatt Supermarket director Thiagarajan Ramamurthy has left the retailer. The director, who was always seen as the public face of Nakumatt left a few months before a major shake-up that will see the introduction of a new strategic...

KCB fires 223 employees

At least 223 employees were sent home from KCB last year in a move that saw the bank spend Sh. 186 million to settle their retrenchment dues. The bank closed the 2016 year with 7,192 employees compared to 7,415 the previous...

Mortgage vs Tenant Purchase: which is better home buying option

The requirements in a tenant-purchase scheme are not as stringent and as detailed as those in a mortgage. The homebuyer in a tenant-purchase enjoys a grace period, the period between payment of the deposit and when the house is ready...

Why you need to switch from daily bundle to FLEX bundle

When Safaricom launched the FLEX bundle, it promised to give at least 35 per cent more value to what customers were getting before. Well, today, we breakdown the Daily FLEX bundle, and take a comparative look at the additional...

Tenant-purchase way of owning a home in Kenya

The tenant purchase scheme is an alternative payment method for property acquisition whereby the home buyer makes a down payment and is able to access the facility before fully paying for it within an extended period of time. In November last year,...

Do you have a retirement plan? This is what you need

BY WACEKE NDUATI-OMANGA Your company pension fund will not fund your retirement. I could end this article right now having said that because that is the key message I would like you to appreciate. A lot of us are living life...

Kirubi’s Centum set to make Sh. 1 billion from sale of shares bought at Sh. 12 million only

Billionaire businessman Chris Kirubi's Centum Investments is set to make an 8,000 per cent gain from the sale of its minority stake in alcohol firm KWAL. Centum on Tuesday announced that it is selling its 26.43 per cent stake in...

Why Sportpesa forced senior manager out

Sportpesa has fired its chief marketing officer in what has been interpreted as a surprise move. Although the betting giant has remained silent on the sending home of its marketing chief Kester Shimonyo, it has been reported that he together with...

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