Bizna Reporter

Why Uchumi is not releasing financial results

Although Uchumi Supermarkets was supposed to release its full year financial results last year, it is yet to do so. Last week, the retailer postponed the releasing of the results for the second time. It announced that the results will...

4 things everyone in business needs to do this week

4 things everyone in business needs to do this week Now that the holidays are over and the new year is in full swing, it’s time to head back to the lab to formulate fresh, smart, and effective ideas that...

Aly Khan Satchu: Investment lessons from 2016

BY ALY KHAN SATCHU 2016 was surely an extraordinary once in a life-time type of year. Big headline events like Brexit and the election of Donald J Trump spoke to a new normal. It certainly felt like the disruption of...

KQ announces flight disruptions to Europe, Dubai

Kenya Airways has announced flight disruptions for flights heading to parts of Europe and Dubai. This comes after KQ flight KQ112, 5Y-KZB from Nairobi to Paris, reportedly suffered pressurization failure. The plane turned back. The national carrier said that is flights going...

Insurer Sanlam Kenya issues full year profit warning

Nairobi Securities Exchange listed insurer Sanlam Kenya has issued a profit warning for the full year 2016. The insurer said that it expects its profits to drop by at least 25 per cent, citing lower income from sale of properties and...

Millionaires share 7 ways to plan your day for success

Here are the top seven keys to success from world millionaires on structuring your day in order to produce your best work and become your best self. 1. Start your day earlier. We’ve heard the "start early" advice a million times. The...

Cost of living drops in December as price of cooking gas falls

Cost of living fell to 6.35 per cent in December from 6.68 per cent in November. This followed a drop in the cost of cooking gas. However, during the month, food, fuel and electricity prices continued to increase. According to Kenya National...

Large depositors at Imperial bank to get cash

Large depositors at the collapsed Imperial Bank are set to start accessing their money. This is after the Kenya Deposit Insurance Corporation (KDIC) announced that it will immediately pay verified depositors up to a maximum of 10 per cent of their balances. “Verified...

KQ seeking to acquire stake in Air Madagascar

National carrier Kenya Airways has been shortlisted among seven airlines that are seeking to acquire a minority stake in Air Madagascar. This comes as Air Madagascar which is currently flying through cash strains, looks for a strategic partner. It currently...

Kenya Power’s debts hit Sh. 105 billion

Kenya Power’s debts have grown to Sh. 105 billion. This is after the power company took on debts to fund its large infrastructure projects. According to the company’s 2016 financial statements, KPLC debts shot from 53 billion to Sh. 105...

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Building Wealth: Smart investing for young professionals

Geopolitical events and macroeconomic shifts continue to shape the global investment landscape, influencing interest rates, inflation, currency stability, and...