Bizna Reporter

NSE issues profit warning as prolonged bear run hits hard

Self-listed NSE has issued a profit warning. The bourse announced that it expects profits to decline by at least Sh. 76.4 million. NSE said that it sees the profit expected next month to be more than 25 per cent lower...

Why I no longer make the millions I used to make from farming oranges

When one thinks of oranges in Mahiga village, Kieni Constituency, one man comes to mind. Cyrpriano Mugo has been growing oranges in his five-acre farm since 1980 and it has been a long and arduous journey to keep the venture alive. “When my wife...

What that burning smell from your car means

There could be several reasons behind a car burning smell. Such a smell usually comes when two surfaces rub against each other. Stop your car immediately the moment it happens. Here’s what could have possibly happened to your car if...

How to succeed in chicken broilers farming in Kenya

Broilers are meat birds often referred to as fryers in some places. They are bred to grow fast so that they are ready for the dinner table between 4 and 10 weeks of age. Currently in Kenya there seems...

Millionaire Ndindi Nyoro: why ‘Deals’ won’t give you long-lasting wealth

Often times, we confuse some aspects of making money. My opinion may not necessarily be the correct version but possibly I’ve learnt a thing or two about business especially thorough failures. I got a question from my friend around...

I can’t tell if money was lost at Afya House, now says whistleblower

The auditor behind the leaked Afya House dossier on a disputed Sh. 5.1 billion has said that he can't establish whether the money was lost or not. Mr. Bernard Muchere, the Head of Internal Audit at the Ministry, told Senate’s Health...

Airtel to pay KRA Sh. 531 million after losing tax case

Airtel Kenya is set to pay Kenya revenue Authority Sh. 531 million in back taxes relating to the acquisition of its operating licence in 2000 after losing a landmark  case against the tax man. KRA successfully petitioned the High Court that...

Mauritius firm to buy-out Fidelity Bank

Mauritius firm SBM Group is set to acquire Kenya's Fidelity Bank by the end of December. In a statement, Central Bank of Kenya (CBK) said it has been advised by both SBM Holdings Limited (SBM Group) of Mauritius and Fidelity Commercial...

8 things to learn from these billionaires on growing a business

Success doesn't happen by chance. It takes hard work and a large dose of good luck. Here are eight of the best tips on building businesses--apply them all and you'll be on the fast track to making your own...

An eight of an acre plot hits Sh. 18 million in Ruaka

Land prices in Ruaka town has shot p by over 125 per cent over the past one year. report by land-buying firm, Property Reality Company, attributes the jump in prices largely to heavy infrastructure development in Kiambu county. This includes...

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Jubilee Health targets uninsured communities with pay-in-instalments health insurance model

Jubilee Health Insurance is expanding an instalment-based premium payment model in Nairobi as part of a broader effort to make...