Bizna Reporter

How Chinese woman became the world’s richest self-made billionaire

Zhou Qunfei is the world’s richest self-made woman. Ms. Zhou, the founder of Lens Technology, owns a $27 million estate in Hong Kong. She jets off to Silicon Valley and Seoul, South Korea, to court executives at Apple and...

National Oil reduces diesel prices by Sh. 3

National Oil Corporation has announced a fuel pump price reduction of Sh3 on diesel effective Tuesday (today). The oil marketer said the price cut will run until the next petroleum prices review on Friday, August 14. "With the discount, National Oil...

To buy KQ or not?

The following feature by investment expert Rufus Mwanyasi was first published in the Business Daily. Jaws dropped as fast as Kenya Airway’s fortunes last Thursday. The airline stock fell a whopping eight per cent in that single trading session after...

James Mwangi: What I’ve learned from leading Equity Bank

Equity Bank CEO James Mwangi: Many African countries have made positive strides in lowering poverty levels, but despite several Government and donor-assisted programmes launched across the continent, it is still our number one enemy. Africa is a big paradox; it...

Equity Bank posts Sh. 8.5 billion half year net profit

Equity Group posted an 11.8 per cent net profit growth in the half-year ended June on the back of higher interest and transaction-based income. The bank’s net profit in the six months to end of June stood at Sh8.5 billion...

Equitel gains market share as Airtel, Safaricom decline

Equity Bank's recent entry into Kenya's mobile telephony sub-sector has disrupted the market share of traditional mobile service providers. This is as the bank shares the spoils in a crowded market. According to the latest data from industry regulator, Communications...

Analysts: KQ needs Sh. 100 billion bailout

National carrier Kenya Airways requires up to Sh100 billion new funding to stay afloat, Standard Investment Bank analysts have estimated. The amount is required in the form of fresh capital injection to reduce the carrier’s debt burden. KQ may also need...

Mobile transactions in Kenya hit 1.3 trillion in 6 months

Money transacted through mobile phones hit Sh1.3 trillion in the first half of 2015 compared to Sh1.1trn at the same period last year. This was helped by increased adoption of the service, growing integration with other financial and non-financial services...

Remote controlled greenhouses launched

Greenhouse farming: Farmers are set to cut farming expenses following the launch of a remote monitored greenhouse. Synnefa Green Ltd has come up with sensors that monitor temperature, humidity, soil moisture, water supply and much more. These statuses are transmitted to...

Government to probe KQ over mega loss ahead of Sh. 60 billion bailout bid

The National Treasury will scrutinise Kenya Airways before any bailout plan is put in place after it emerged the firm will require Sh60 billion to bring it back to profitability. The airline has sought the services of both Mackinsey and...

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KMTC reopens portal for students who missed March intake

The Kenya Medical Training College (KMTC) has opened a deferment window for students who secured admission for the March...