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Bizna Reporter

Jamii Bora bank sinks into losses

Jamii Bora Bank has reported a net loss of Sh. 28.4 million for the nine months to September compared to a net profit of Sh.61.97 million in a similar period last year. The loss was attributed to high operating expenses and cost...

5 things not to do when running a small business

BY MARIA RAPETSKAYA, Founder and Creative Director of Undefined Creative I've been a creative entrepreneur since 2005. My first design company was a partnership with my significant other. It was largely a freestyle experiment in running a business, conducted live over...

Millionaire CEO on how handling losses can make or break you

David Zhang is the chief executive officer of StarTimes Media Kenya, a pay television provider. Losses: Losses are inevitable in life and in business. How you handle them can make or break you. I believe any losses you encounter in...

NBK’s profit falls by Sh. 1.7 billion in Q3

National Bank of Kenya (NBK) has posted a mega profit drop in its third quarter.  The bank's net profit fell by 76.8 per cent to Sh. 521 million from Sh. 2.1 billion recorded the previous year. The mid-tier lender’s net...

5 reasons why you may never make that million

“Money isn’t the most important thing in life, but it’s reasonably close to oxygen on the ‘gotta have it’ scale” – so said Zig Ziglar. So the question follows – how does one make money, and loads of it...

Second-hand car buyers paying up to Sh. 200,000 in illegal taxes?

Importers of second hand cars want the Kenya Revenue Authority to withdraw the current template used to calculate duty for commercial vehicles, saying it is against the law. Through their lobby group, Car Importers Association of Kenya, the importers said...

CFC Stanbic posts Sh. 3.4 billion net profit in Q3

CFC Stanbic has posted a net profit gain of 24.1 per cent. The bank announced that its net profit for the nine months ended September this year stood at sh. 3.4 billion compared to Sh. 2.8 billion recorded in...

How to use nappier grass to boost your cow’s productivity

Napier grass, elephant grass or Uganda grass is a favourite of many small holder dairy farmers. There are several reasons for this — the grass grows relatively fast and can give “elephant” feeds after just three months. Napier grass has...

KWFT: We won’t send any of our employees home like other banks

Kenya Women Microfinance Bank will not send staff home despite the harsh economic environment that has seen other financial institutions cut down on costs. Chief Executive KWFT Mwangi Githaiga said his institution would not embark on such extreme measures because...

Safaricom set to recruit interns

Safaricom has announced plans to recruit 62 interns by January 2017 in its agenda to woo more women to the technology field. The Safaricom internships will target 40 female university students under its Women In Technology initiative, with a further...

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Kinyanjui Kombani Pens a Love Letter to Legacy in New Book, Dear Mama

Kenyan writer and banker Kinyanjui Kombani has published a deeply personal new book, Dear Mama—a work that reads less...
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