James Oundo

Nelson Muguku family selling Watefront Karen Mall for Sh9 billion

The Nelson Muguku family is selling the iconic Waterfront Karen Mall in a deal that is estimated to be worth as much as Sh9 billion. The mega transaction has been confirmed by the property manager Ken Obimbo. Mr. Obimbo, however,...

Private company making billions from SHA exposed

A private company has been making billions of money from the Social Health Authority (SHA) that was controversially started by President William Ruto to replace the National Health Insurance Fund (NHIF). According to a report that was published by the...

Ruto government loses Sh16 billion in rush to sell Safaricom stake

The government of President William Ruto has sold a 15 percent Safaricom stake to South Africa's Vodacom Group. This sale took place barely three days after the Court of Appeal lifted orders that had been issued by the High...

Family Bank shares seesaw on NSE days after historic listing

Days after Family Bank shares started trading on the Nairobi Securities Exchange, the counter has been seesawing from highs and lows as it seeks its actual trading range. A spot check by Bizna Kenya shows that on the first day...

Pain of grounded Kenya Airways Embraer jets, Boeing Dreamliners

The national carrier Kenya Airways is still struggling to get its grounded aircraft up in the air again. The grounded aircraft include three Kenya Airways Embraer jets and three Boeing Dreamliners. The grounded aircraft is currently representing 18 percent of...

Kenyatta family, Ndegwa family to pocket Sh21.9 billion in mega deal

The prominent Kenyatta family and the family of former Central Bank of Kenya Governor Philip Ndegwa are set to receive up to Sh21.9 billion from a trading deal involving the sale of NCBA Group to South Africa’s Nedbank Group. In...

Equity Group emerges as most profitable Kenyan bank in Q1 2026

Equity Group has emerged as the most profitable banking group in Kenya and the larger Eastern Africa region in the first quarter of the current financial year 2026. This is after the banking group returned a net profit of...

Allan Kilavuka walks away from KQ with Sh131 million in pocket

Former Kenya Airways Chief Executive Officer Allan Kilavuka walked away from the national carrier with a pay package of Sh131 million. This amount is inclusive of his pension and benefits and was revealed by the airline in its latest annual...

Ruto govt goes after M-Pesa money transfers in Finance Bill 2026

The government of President William Ruto is planning to slap heavy taxes on M-Pesa money transfers. This follows a taxation proposal that is contained in the Finance Bill 2026. In the proposal, President Ruto's government through the National Treasury...

Inside Equity’s 2025 rise to most profitable bank in East and Central Africa

The signs were there that the 2025 financial year was going to be record breaking for Equity Group. It was the year that Equity would grab the esteemed position of most profitable bank in East and Central Africa. Well, it...

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Kenya does not need second runway at JKIA right now – CS Chirchir

The government of President William Ruto is not planning to build a second runway at the Jomo Kenyatta International...