Bizna Reporter

Equity Bank: board members not allowed to trade with bank

Equity bank's board members are not allowed to trade with the bank. This is according to Mary Wamae, the Equity Bank Group secretary. Speaking during the release of the bank's quarter one results, Mrs. Wamae further noted that no individual...

Equity Bank Q1 net profit rises 20 per cent to Sh. 5.1 billion

Equity Bank has posted a 20 per cent increase in net profit for the first quarter of 2016. The bank's profit after tax stood at 5.1 Billion  while it's profit before tax was 7.3 billion. In the same period in...

Landlord to auction Uchumi assets to recover Sh. 50 million rent arrears

Uchumi Supermarket is facing auction of its goods and equipment assets held at the closed Taj Mall branch in Nairobi following a debt of Sh. 50 million in rent arrears. According to a report appearing in Kenya's Daily Nation newspaper,...

How 31-year-old built his multi-million real estate empire

Brian Gacari has lived the good life, but has also had it yanked away from him. He grew up in affluence, attending top schools and living in an upmarket neighbourhood in Nairobi. But then life took a turn. His parents...

How former athlete built multi-million dairy farm, real estate

Former 5,000m   world record holder Moses Kiptanui has transformed himself from an athlete to an astute milk producer in the North Rift and big time real estate owner. He produces over 500 litres of milk daily from 20 lactating breeds...

Photos: Part of 6 storey Nyali Mall building collapses

A part of a 6 storey building collapsed in Nyali Mombasa. The six storey building that houses Nyali Mall caved in on Monday morning at around 4am. Mombasa County Urban planning executive Francis Thoya said sections of the premises, including...

I’m not corrupt: Bob Collymore distances himself from fraud report

Safaricom CEO Bob Collymore has denied involvement in fraudulent activities by some of Safaricom employees and business partners. This follows the publication of an internal audit report that was leaked to bloggers late last week. “I commissioned the report sometime...

World’s top businessmen: how we survive ups and downs of our businesses

The businesses in this article are included in the Entrepreneur360™ Performance Index. When you’re in startup mode, daily bumps and bruises are a way of life. But every now and then you’ll run into challenges that feel akin to a devastating...

M-Pesa system upgrade drives transactions to Sh. 15 billion daily

M-Pesa transactions have now hit Sh. 15 billion daily. This follows a system upgrade carried out by Safaricom last year. According to a Safaricom report, Kenyans last year transacted Sh. 4.1 billion from the Sh. 2.8 billion transacted in 2014...

2016 Toyota Corolla: photos and review

Many of the current Corolla's strengths can be found inside. The overall design is fresh and brings, dare we say it, a stylish edge to the traditionally staid small sedan class. The interface for the infotainment system is easy...

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HELB opens 2026/2027 subsequent loan applications; how to apply

The Higher Education Loans Board (HELB) has announced the opening of the 2026/2027 subsequent loans for continuing students. In a...