Bizna Reporter

Is your loan still expensive? How installments are calculated under new interest rates

BY MUNGAI KIHANYA Direct proportions are very easy to comprehend. This is when a change in one quantity produces a proportional variation in the other. For example, if one tomato costs Sh5, then two tomatoes will be Sh10. The total...

StarTimes Kenya adds new channels on its packages

StarTimes Media has today announced the introduction of four new entertainment channels on its platform with a key focus on documentary and Pan-Africa content. The four include National Geographic Wild, National Geographic channel both of which will feature extraordinary tales...

Portland Cement’s full year net profit falls sharply

East African Portland Cement Company has announced a steep drop in net profit for the full-year ended June attributed to a Sh1 billion fall in the re-valuation gain of its assets. The company's net profit for the financial year stood at Sh4.2...

Why KRA is demanding Sh. 3.4 billion from Zuku

Kenya Revenue Authority has told Richard Bell, the billionaire owner of Zuku, to take responsibility for his various companies in a Sh3.4 billion tax fraud case. An affidavit filed in court last week claims the Briton owns a majority stake...

KQ hires former Qatar Airways top executive

KQ has appointed a former KLM and Qatar Airways executive as its commercial director, filling a critical managerial position that has remained vacant for a year. Vincent Coste, who was hired on November 1, has worked in various senior roles...

Africa Spirits launches new affordable Legend Black brandy

Africa Spirits Limited has launched a new brandy to add to its growing stable. The product known as Legend Black is a blend of European brandies aged 5 years in Oak barrels and assembled by a master blender in...

Prosecute Family Bank over Sh. 1.6 billion NYS theft, says CBK boss

Central Bank of Kenya Governor Patrick Njoroge yesterday said that Family Bank should be prosecuted over the theft of Sh. 1.6 billion NYS money. In a letter to Directorate of Criminal Investigations boss Ndegwa Muhoro and Director of Public Prosecutions...

All Fifa qualification matches on StarTimes Kenya

The world’s top premier leagues take a break this week.  In its place, numerous world teams will be fighting for a chance to participate in the 2018 Fifa World Cup which is scheduled to be held in Russia in...

StanChart CEO Lamin Manjang: why you need your bank to create wealth

Lamin Manjang is the CEO of Standard Chartered Bank Kenya. He joined the bank in early 2014, and led it to a profit before tax of Sh. 14.3 billion that year. He recently led the bank to a half-year...

Meet farmer who makes Sh. 300,000 from passion fruits

In 1999, some 300 farmers in Mutaga village, Nyeri County, were in a booming venture, purple passion fruit farming. Each home had an orchard and they were making a fortune as they sold the fruits to locals and various...

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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...