Bizna Reporter

Accounts fraud at Haco costs SA firm, Chris Kirubi Sh. 312 million

An accounting manipulation at Haco Tiger Brands of Sh. 768.5 million has resulted in a loss of Sh. 312 million that has been shared by its owners — South Africa-based Tiger Brands and Kenyan business tycoon Chris Kirubi. The Sandton-based multinational says...

How Murang’a farmers are reaping big from milk model

Murang’a County is reaping big from betting on backing a cooperative society to drive milk production for 43,000 dairy farmers as output shoots to the roof. The rise in output has lined the pockets of the county’s farmers and milk...

CBA caps interest rates at 12.9pc to become lowest lender in Kenya

Commercial Bank of Africa has become the lowest lender in Kenya after capping its interest rates at 12.9 per cent. This comes after the bank opted to use the Kenya Bankers Reference Rate (KBBR) as a means to determining its...

Bob Collymore: Facebook isn’t buying M-Pesa

Safaricom CEO Bob Collymore has dismissed as fake the Internet story that Mark Zuckerberg and Facebook want to buy M-Pesa. Collymore said Zuckerberg, who is Facebook co-founder and CEO, could hire developers and build a payment platform if he really...

7 secrets for growing your business quickly

New business owners have numerous goals when they're starting out, including rapid growth and recognition for their fledgling venture. But overnight success isn't often the standard: There's no specific "special sauce" to add to the recipe for instant results,...

How to start trading on Nairobi Securities Exchange

Buying and selling shares is one of the easiest ways to make money. 2014 was a good year for stock exchange investors as stocks gained more than 50 per cent in value. In that year, the NSE proved the  How...

Troubled Eveready issues profit warning

Eveready East Africa has issued a profit warning indicating that it will be falling deeper into losses.According to the battery firm, earnings will drop by at least a quarter. The loss-making Eveready has issued a profit warning saying earnings for the...

Mobile bonds to be finally launched

Treasury Secretary Henry Rotich has said the government will launch the much awaited mobile-traded government securities, M-Akiba bonds, in a months’ time offering an alternative savings option to retail investors. It will be operated by the Nairobi Securities Exchange (NSE),...

3 beliefs you need to drop to succeed

Limiting beliefs can keep you small and stuck, but they don’t have to. You can drop those beliefs with just a little bit of awareness, and live the life you were meant to live. Your brain is a wonderful...

Photos: Nairobi’s FEM church multi-million architectural masterpiece

JD Construction unveiled the magnificent interior design of the Faith Evangelistic Ministries at Karen. Below are photos showing the interior masterpiece: Main entrance Lamu door Altar The altar bulkhead Main Sanctuary: Overview of the church   Executive Lounge I. Reception The executive lounge comes complete with a spacious bathroom....

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Italian Artist Franz Cerami Brings “Jute Portraits” to Kenya in Celebration of Coffee, Culture, Diplomacy and the Mattei Plan.

Internationally acclaimed Italian visual artist Franz Cerami has unveiled Jute Portraits, a powerful cultural art project that celebrates the...