Bizna Reporter

Chris Kirubi buys back South African company in multi-billion deal

Kenyan billionaire Chris Kirubi has bought back a 50 per cent stake in South African Haco Industries. This buyout comes eight years after Mr. Kirubi sold his stake to South Africa's Tiger Brands for an estimated Sh. 363 million. His initial...

Meet 30-year-old making Sh. 150,000 from bulb onions

Ian Mutisya is bubbly as he walks on his 1.5-acre onion farm at Miwani on the outskirts of Machakos town. He uproots two bulb onions from the soil and examines them carefully. “I grow them under drip irrigation and they will...

Equity to roll out agency banking in Zanzibar

Less than a week after opening its first branch in Zanzibar, Equity Bank has announced that it will be opening its agency banking in the island. The latest branch brough Equity's total branches in Zanzibar to 14. According to Equity Bank...

KCB to fire hundreds of employees

Kenya Commercial Bank is set to fire over 500 employees. The bank will start by offering the employees the option of early retirement. Those who don't opt for this option will be subjected to a review process that could narrow...

My 6 ways of handling money and creating wealth

Bryan Kariuki is CEO at Cellulant Corporation (Kenya), a mobile commerce company with branches in 10 African countries.   Biggest money mistake: I’ve been lucky that I’ve earned relatively well all through my career. However, at some point this served to...

Shark Tank multi-millionaire’s 5 rules for making it in business

Prolific inventor and multimillionaire investor Lori Greiner who is a 'shark' on the popular show Shark Tank wasn’t born a successful inventor. Nobody taught her how to be an entrepreneur. It all started 17 years ago with a simple idea...

Cost cutting, Nakumatt, force Unga Group to shut down bakeries

A cost cutting operation and renovations being undertaken by Nakumatt Supermarkets have forced Unga Group to shut down a number of its bakeries. The manufacturer will closing more than five of its in-store bakeries in favour of supplies from its central...

You can now invest in gold bars and coins on NSE

Kenyans can now invest in gold bars and coins on the Nairobi Securities Exchange (NSE). This is after the markets regulator allowed South Africa’s NewGold Issuer (RF) Limited to list its secondary assets at the bourse. “This is a critical milestone...

New effective chicken Gumboro vaccine launched in Kenya

Poultry producer Kenchic has launched a new vaccine against the deadly Gumboro chicken disease. Kenchic launched the vaccine in partnership with Ceva Sante Animale, a French global animal health product laboratory. The new vaccine which is administered subcutaneously –under the skin- has...

How I make Sh. 10,000 daily from green house, dairy and chicken farming

My name is Susan Chesyna. I became a farmer 10 years ago after I relocated from Baringo to Nakuru County and settled at Kiamunyi, in Rongai. When I arrived in the county, where I had earlier bought land, I could...

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Consignments of meth worth Sh21.8 million seized at JKIA

Anti-narcotics officers in Nairobi have intercepted and seized methamphetamine drugs worth an estimated Sh21.8 million. The consignments of meth...