Bizna Reporter

Safaricom preparing to launch interest-free loans after initial CBK blockage

Telecommunications firm Safaricom is preparing to launch interest-free instant loans that were blockes by the Central Bank of Kenya in 2022. According to Safaricom chief executive officer Peter Ndegwa, the telco has been addressing concerns that were raised by the...

Crisis of Kenyan men who have refused to leave their moms’ house

Josphat Kanyi comes from a long line of wealth. His grandfather owned large tracts of land in Nyandarua, Murang’a, and Kajiado counties. It is a fete Kanyi likes to boast about as he staggers home from his drinking escapades in...

Five farming techniques that will give you more money than you’re making at your farm

Here are five simple techniques that you can easily replicate to boost your earnings from the soil. Tomato jam When there is tomato glut, farmers normally incur losses yet they can make jam out of the fruits and sell it for...

Terry Muchiri: Engineer who runs multiple side hustles for extra sources of income

Terry Muchiri is a director and travel consultant at Razack Holiday Homes. Razack Holiday Homes is a business based in the Mount Kenya region that runs multiple Airbnb luxury homes for local and international tourists visiting the larger Laikipia region including...

Professor Ogola: Man who claimed his Sh. 100,000 salary was poor fired

A professor Fred Ogola who complained that he was earning too little despite having 24 academic certificates has been fired by his employer. Professor Ogola was fired barely months after publicly lamenting that his salary of Sh. 100,000 was too...

Safaricom full year profit drops by Sh. 15 billion on heavy Ethiopia investment

Telecommunications firm Safaricom has released its full year results for the financial year ended March 2023. In the results, Safaricom has recirded a 22.2 per cent profit drop. This drop has seen Safaricom's annual net profit fall from Sh. 67.49...

Local company develops way for M-Pesa users to send money anonymously

Kenyans sending money via M-Pesa will now be able to send money without revealing their details to the recipients. This follows a new innovation by a local start-up that will allow M-Pesa users to send money anonymously. The new innovation is...

Benmark Ng’ang’a: How I started my construction business with Sh. 20,000 loan

Benmark Ng'ang'a is a Civil Engineer by profession. He is the founder and managing director of Lifesize Design and Build (EA) Ltd, a Kenyan design and construction firm. I started this construction business in 2015. At the time, I was...

Angela Kariuki: Why buying land is not always the wisest money decision

Majority of Kenyans want to own a piece of land. Many will take loans to buy plots; others will spend all their savings purchasing plots. Land in Kenya is perceived to be the ultimate investment. But is it? This is...

Businessman Peter Njonjo’s company acquires Maisha Microfinance Bank

A company that is associated with businessman Peter Njonjo has acquired Maisha Microfinance Bank. Peter Njonjo is the founder if Twiga Foods. He has acquired Maisha Microfinance through Cactus Cantina Investments Limited (Cactus Cantina). This is after Cactus acquired a...

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15 Nations sign Mombasa declaration to strengthen fisheries transparency and fight Illegal fishing

Fifteen national governments from across Africa, Asia, the Caribbean, Europe, and the Pacific today adopted the Mombasa Declaration at...