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Bizna Reporter

Housing Finance full year profit grows to Sh. 1.2 billion

Mortgage Financier Housing Finance Group announced Thursday its profit after tax rose 23 per cent to Sh1.2 billion for the year ended December 31, 2015 compared to Sh975 million during a similar period in 2014. HF Group Managing Director Frank...

Portland Cement issues profit warning

East African Portland Cement has issued a profit warning after it sank deeper into loss owing to higher financing costs and forex losses. EAPCC reported a net loss of Sh531 million for the half year ended December compared to an...

Beijing overtakes New York as world’s billionaires’ capital

Beijing has surpassed New York City to become the "billionaire capital of the world" with 100 resident billionaires to the US business and cultural capital's 95, a survey showed. The number of Beijing billionaires rose by 32 from last year,...

Kenol Kobil exits Tanzania and Congo

Oil marketer KenolKobil has sold its subsidiaries in Tanzania and the Democratic Republic of Congo, marking an exit from the two countries. Selling the subsidiaries now leaves Kenol with a presence in Kenya, Uganda, Zambia, Rwanda, Ethiopia, Burundi and Mozambique...

Barclays Bank targets mobile payments to boost revenues

Barclays Bank of Kenya yesterday launched a mobile card payment solution in a move that will see the lender position itself to grow its revenue. The Barclays Mobile Point of Sale (MPOS) launched is a platform that allows consumers to...

4 signs of a pending bull market

Being able to accurately spot the beginning of a bull market can be one of the most lucrative skills around. This fact alone makes it difficult to achieve, as so many well-educated and experienced investors try to spot the...

Safaricom hires major data firm to enhance revenues

Safaricom has hired big data analytics firm, Flytxt to help monetize mobile consumer data and enhance revenues. The Netherlands based company which provides mobile consumer analytics solution services said it would enable Safaricom to improve customer experience through personalized and...

Easy kienyeji chicken breeding management tips

Management of breeding cocks Introduce one new cock for every 10 hens every two years, in order to avoid inbreeding. Improved indigenous chickens for improving the local breeds can be bought from private breeders (see sources of chicks). Brooding hens · A...

Mumias Sugar seeking Sh. 2 billion additional bailout

Mumias Sugar is seeking an additional Sh2 billion bailout from the government after falling deeper into the red in the six months to December 2015. The troubled sugar miller posted a Sh1.58 billion after-tax loss in the half-year period compared...

5 prominent footballers who went from riches to rags

1. David James Finishing his footballing career in the depths of Iceland may not have been the smartest move, but former Liverpool goalkeeper David James saw his illustrious career literally stop short. Having played both for Portsmouth and appearing at...

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