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Bizna Reporter

Kengen rights issue timetable

  ACTIVITY TIME AND DATE Books closure (Record Date) 3:00 p.m. Monday, 16th May 2016 Rights Issue offer Opening Date 9:00 a.m. Monday, 23rd May 2016 Commencement of Trading in Nil Rights at the NSE 9:00 a.m. Monday, 23rd May 2016 Last day to immobilize 3.00 pm Friday 27th...

Jamii Bora Bank to launch own ATMs

Jamii Bora Bank is set to roll out its own ATMs network across its branches at a cost of Sh. 13 million. The bank, which has been riding on the Kenswitch ATM network has already installed the ATM machines at...

Why your fuel gauge is lying

Few things are as frustrating and worrisome as running out of fuel. Most people will do their best to make sure that they always have some fuel in the tank. However, if there is an issue with the fuel...

Stanchart net profit jumps 44pc in three months

Standard Chartered Bank has recorded 44 per cent growth in after-tax profit in the first quarter of 2016. The bank announced a net profit of Sh2.6 billion compared to Sh1.8 billion posted in a similar period a year earlier. It's...

KQ suspends 6 senior staff over loss of money

Kenya Airways has suspended a number of its senior staff over pilfering of funds. This follows a report presented to KQ by audit firm Deloitte Consulting. The six employees were apparently found to have taken advantage of system and internal...

8 things you must consider when buying day-old chicks

Process of production of day old chicks Poultry and poultry houses are known to harbour bacteria that cause zoonotic infections. Such include salmonellosis and shigellosis. Such bacteria like salmonella can breach the shell integrity into the egg-causing early infections. Research Due to...

Tanzania slashes power imports from Kenya by 67pc

Tanzania's imports of goods from Kenya have continued to fall, with Dar es Salaam cutting its purchase of electricity from Nairobi for the first time in two years. Data from the Ministry of Energy already shows that power exports to...

Safaricom’s battle against corruption

About two weeks ago, a controversial Safaricom internal audit draft report by audit firm KPMG was leaked to the public and later handed over to parliament. While the debate has raged regarding this audit report on Safaricom's multi-billion tenders,...

Millionaire’s 4 key time management rules

There’s really only one life hack you need to sit up and pay attention to when building your business: time management. It’s a ridiculously vital skill, yet many of us are guilty of falling behind. I think entrepreneurs are...

CBK cuts key lending rate, cost of loans expected to fall

Central Bank of Kenya (CBK) has cut its key lending rate. This follow's CBK's Monetary Policy Committee (MPC) decision to cut the Central Bank’s benchmark lending rate by 100 basis points to 10.5 per cent. The cut sets in motion...

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High grand falls hydropower project lol loo by gains momentum

The Government’s proposed High Grand Falls Hydropower Project is gaining momentum after the Cabinet Secretary for Energy and Petroleum,...
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