Bizna Reporter

KRA nets 7 containers in tax evasion racket, suspends 4 customs officers

The Kenya Revenue Authority (KRA) has seized seven containers suspected of tax evasion that were being removed from Kilindini Port. The containers had been released before the vessel carrying them docked at the port. Following the incident, KRA suspended four...

Co-op Bank Q1 net profit grows to Sh. 3.44 billion

Cooperative Bank has posted Sh. 3.44 billion profit after tax in the first quarter of 2016. This was a 8 per cent improvement from the Sh. 3.1 billion the bank posted in the same period last year. The bank's...

Burning ambition sees widow triumph in business

FOR SUSAN Akinyi Nyamai, losing her spouse did not kill her dream of investing in education. Ms Nyamai owns a thriving enterprise at the heart of Nakuru town that is fast becoming the envy of many in the increasing...

I started with 30 layers now I get 80 trays daily

Fundi started in 2008/09 with 30 layers in a makeshift chicken house at a cost of KES 300 each. At the time eggs were retailing at KES 150 - 180 a crate and feeds at shs 1700 per sack....

Uchumi makes deal to pay Sh. 50 million Taj Mall rent arrears

Uchumi has reached a deal with its Taj Mall branch landlord over Sh. 50 million rent arrears that would have seen its seized goods auctioned. In a statement to newsrooms, Uchumi announced that it had been allowed to sell...

I quit my job to start high-flying Black-Forest cake business

Alice Simba has made it her business to tease tastebuds with all things sweet and tasty. When you enter her business establishment, BlackForest House on Koinange Street, the first thing that greets you is her warm smile and then...

9 things that will kill your career

1. Over-promising and under-delivering. It’s tempting to promise the moon to your colleagues and your clients, especially when you’re honest and hardworking and believe that you can do it. The problem is that there’s no point in creating additional pressure...

Taking my real estate business global at only 31 years

At 31, many women are content working routine jobs as employees. This option is preferred because it affords them the convenience to work and take care of their families. Not so for Faith Mwaura. For the mother of two, a...

Storm at Safaricom over Sh. 289 billion ‘disputed’ tenders

Revelations continue to emerge from a dossier leaked less than a fortnight ago on alleged irregularities in issuing of multi-billion tenders at Safaricom. Last evening, a news report presented on local television channel NTV said that audit firm KPMG had...

‘Smuggled’ vehicles in KRA list of cars under investigation spotted

Some of the vehicles that were reported by the Kenya Revenue Authority as being under investigation for tax evasion have been spotted on Kenyan roads. This follows an advertisement that required 124 top of the range vehicles in the...

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Ruto government loses Sh16 billion in rush to sell Safaricom stake

The government of President William Ruto has sold a 15 percent Safaricom stake to South Africa's Vodacom Group. This...