Bizna Reporter

Sameer to launch real estate docket in diversification plan

Sameer Africa is set to launch a real estate division to develop commercial property in an effort to diversify from its core business, which has recorded a sharp decline. “To cushion the group’s profitability against the volatility of its tyre...

KQ gets Sh. 10 billion to fund turnaround strategy

Kenya Airways has received Sh10 billion soft loan from the National Treasury. The loan is expected to give the troubled airline cash to implement its turnaround strategy. The national treasury borrowed the cash from China’s Afrexim Bank. “We have already...

Safaricom pilots new ‘Lipa na M-Pesa’ payment card

Safaricom has started testing a new Lipa na M-Pesa pin-based card that is linked with Safaricom customers' M-Pesa accounts. The ‘Lipa Na M-PESA’ debit card is currently undergoing a pilot phase amongst Safaricom staff with plans to extend the service...

Acting NOCK CEO appointed as Sumayya Hassan-Athmani resigns

The controversial tenure of National Oil Corporation of Kenya (NOCK) CEO Sumayya Hassan-Athmani has ended. In her position, an acting CEO has been appointed. According to Nock, Ms. Hassan-Athmani, whose second three-year term was due to end in April 2017,...

Small nutrients your cow needs in order to give you more milk and beef

They are only needed in small quantities; farmers may think they are inconsequential judging from their minute quantities on the ingredient list but these micro-nutrients play an equally important role just like the major nutrients in the league of...

KMC fires 119 employees to cut wage bill

Kenya Meat Commission (KMC), has sent home 119 employees following staff rationalization programme meant to cut operation costs. KMC says the latest turnaround plan aimed at cutting costs goes hand in hand with its ongoing Sh1.8 billion modernization programme. “KMC has...

2016 Toyota Wish: photos and review

Engine and Performance The new Toyota Wish offers two engine options. The first option is a 1.8 liters four cylinders’ engine that is capable of producing 142 horsepower and a torque of 130 pounds per feet. The second option is...

Kenyan banks made Sh. 38.4 billion profit in Q1

Banks’ profits before tax in the first quarter of the year hit Sh38.4 billion, despite a rise in provisions for bad loans. According to the latest Quarterly Economic Review, which is prepared by the Central Bank of Kenya (CBK), banks...

Portland Cement to sell Sh. 10 billion land to settle debts, revamp old plant

East African Portland Cement Company (EAPCC)is seeking an approval by the cabinet to sell a Sh. 10 billion piece of land. The funds generated from the sale of 13,000 acres in Athi River will be used to retire a Sh3.8...

I earn Sh. 120,000 from rearing and selling dogs

For the past eighteen years, Margaret Mutua has been earning a living from rearing and selling dog breeds. She rears two breeds of dogs — the German Shepherd and Rottweiler at her home in Nyeri Town. Currently, she has...

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tabb launches Kenya’s first Fuel Credit Facility launches at scale

tabb has today announced the launch of Kenya's first fuel credit line at scale in a strategic partnership with...