Bizna Reporter

Kamau Thugge’s local dollar bond plan will kill Kenya Shilling, warns Njoroge

Central Bank of Kenya Governor Dr. Patrick Njoroge has rubbished a proposal by incoming Governor Kamau Thugge to issue a local dollar-dominated bond to shore up the falling Shilling. Thugge had made the proposal when he appeared before a parliamentary...

Peter Nyakundi: How I raised Sh. 3mn from savings, loans to start my business

Peter Nyakundi is the founder and director of Ebony Resort, a hospitality business that is located along Lord Egerton Road in Nairobi. I started this business with a capital of around Sh. 3 million in 2011. I got this money...

Amakove: Inside murky agency business of sending girls to Arab countries

The unfortunate story of Chepkemoi, a Kenyan girl who was enslaved in Saudi Arabia, raised focus and concern on the murky business of agents who send unsuspecting Kenyan girls to work in Arab countries in the Middle East. This agency...

When Samia Suluhu mocked clueless ‘neighbor’ unable to save his falling shilling

In March 2023, Tanzania President Samia Suluhu threw a jibe at a neighbouring country whose currency was on a free fall against the US dollar. In the jibe that appeared to bave been directed at Kenya's President William Ruto, Samia...

Co-op Bank subsidiaries return Sh. 753.9 million profit in first three months of 2023

Co-operative Bank subsidiaries returned a combined profit before tax of 753.9 million in the first quarter of the 2023 financial year. This performance has underlined the turnaround the bank has injected into the subsidiaries. A spot check by Bizna Kenya shows...

Our business started in Syokimau, now it’s thriving across Africa

Håvar Bauck is the co-founder of HotelOnline, an African yield management company for hotels, involved in provision of hotels, lodges, and vacation rentals across Africa. My business partner Endre and I were former college mates who by coincidence found ourselves...

Felista Nyamathira loses Sh. 102mn gift from Belgium boyfriend to government

The High Court in Nairobi has allowed the government to seize and use Sh. 102 million belonging to Felista Nyamathira. The money that was being held in two accounts at the Co-operative Bank had been sent to Nyamathira by her...

Anga Mbeyiya: How our business raised Sh. 6.7mn capital in four months

Anga Mbeyiya is the chief executive officer at Mwani Blu, a business supporting seaweed farmers with access to technology, infrastructure and marketplace to scale output. Anga is from South Africa. The company was started in September 2022. Since then, we...

Kuria: Small businesses to register with KNCCI at Sh. 5,000 to Sh. 50,000 or close down

Small businesses in Kenya will be mandated to register with the Kenya National Chamber of Commerce and Industrialization (KNCCI). The registration will cost between Sh. 5,000 and Sh. 50,000. According to Trade cabinet secretary Moses Kuria, businesses that fail to...

New Safaricom factory to make 1.4 million smartphones every year

Leading telecommunications firm Safaricom has announced that it will be setting up a new factory from which it will assemble its own smartphones. According to development plans by the telco, the factory will produce 1.2 million to 1.4 million smartphones...

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HELB lists loan requirements for 2025 candidates ahead of portal opening

Students who sat the 2025 Kenya Certificate of Secondary Education (KCSE) examinations and are awaiting placement into universities and...