Bizna Reporter

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

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 thinking that...

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...

Expansion of Nairobi-Mombasa highway to kick off next week

Construction of a 41.7 kilometre stretch of the Mombasa-Nairobi highway is set to kick off next week. Work on the Mombasa-Mariakani segment of the highway is the first phase in an infrastructural plan to upgrade the 485 kilometre road, a...

CEO Phyllis Wakiaga: why saving is the key to wealth

Phyllis Wakiaga is the Chief Executive Officer at Kenya Association of Manufacturers. Saving to build wealth: There is no better way to multiply wealth than by learning how to save. I learned how to save from my very first job....

When you wake up to find your chickens dead

Can you imagine waking up to find all your chickens dead? This is what happened to one farmer identified as Mrs. Muthee. According to Tony Kiragu, a veterinary surgeon and runs Nature Kuku, a farm in Naivasha that produces...

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