How to Start a Business With (Almost) No Money

How to Start a Business With (Almost) No Money

Are you excited to start a business? Maybe you have an idea, or you’re just fascinated with the idea of launching and growing your own enterprise. You’re willing to take…

6 Simple Strategies for Better Money Management

6 Simple Strategies for Better Money Management

Smart money management is about more than understanding the math. That part is simple: Spend less than you earn, and invest early and often so compounding will make you rich…

The Bribery Bill 2016 prescribes Sh5m fine, 10-year jail term

The Bribery Bill 2016 prescribes Sh5m fine, 10-year jail term

Kenya’s fight against rampant corruption is expected to make a giant leap with the introduction in Parliament of a Bill prescribing severe penalties against public and private sector bribery. The…

CBK seizes Sh8bn from Chase Bank directors

CBK seizes Sh8bn from Chase Bank directors

The Central Bank of Kenya has seized Sh8 billion from disgraced Chase Bank directors who awarded themselves hefty interest-free loans that brought down the mid-tier lender. Kenya’s banking sector regulator…

China wins another sweetheart deal to run new rail

China wins another sweetheart deal to run new rail

Kenya has given China another sweetheart deal after agreeing to have a Chinese company operate business on the standard gauge railway without public bidding. The deal to offer the firm…

Mumias Sugar receives sh1.1 bn bailout cash from Treasury

Mumias Sugar receives sh1.1 bn bailout cash from Treasury

The Mumias Sugar Company (MSC) board announced that the National Treasury had released of the second bailout tranche of Sh1.1 billion to the miller. Mumias chairman Dan Ameyo has said…

M-Pesa Clocks 25 Million users after launches in Albania, Ghana

M-Pesa Clocks 25 Million users after launches in Albania, Ghana

Mobile money transfer service M-Pesa has clocked 25 million subscribers thanks to launches in Albania and Ghana, and increased use in pioneer country Kenya. Vodafone Group, which owns 40 per…

High Interest Rates Restrict Kenyans From Buying Houses

High Interest Rates Restrict Kenyans From Buying Houses

One out of every two million people is servicing a mortgage in Kenya, a report by Cytonn Real Estate says. The survey titled ‘Nairobi Mortgage and Rental Affordability Report’ only…

Bidco starts construction of Sh4bn soda and juices plant

Bidco starts construction of Sh4bn soda and juices plant

Bidco Africa has started construction of a Sh4 billion beverage plant in Thika whose planned commissioning mid next year could upset the industry’s domination by industry bigwigs Coca Cola and…

Auditor accuses Nyachae team of illegal payments

Auditor accuses Nyachae team of illegal payments

The defunct Charles Nyachae-led Commission for Implementation of the Constitution (CIC) illegally spent Sh43.8 million in the year to June 2015, Auditor-General Edward Ouko has revealed in his latest report….

Hooked to Facebook? Now earn money each time you post

Hooked to Facebook? Now earn money each time you post

NEW YORK: Social media giant Facebook is considering rolling out a feature that may allow users to make money from posts by letting them add a “tip jar”. A Facebook’s…

UK-based Goldplat relocates Ghana gold plant to Kenya mines

UK-based Goldplat relocates Ghana gold plant to Kenya mines

London-listed miner Goldplat is set to install a gold processing plant it recently relocated from Ghana at its south western Kenya mines where it targets to double production this year….

Pension scheme assets to hit Sh1trn mark

Pension scheme assets to hit Sh1trn mark

The assets held by pension schemes are forecast to hit the Sh1 trillion mark this year as the industry is expected to maintain the double digit growth rate seen in…

Kenya Airways flies to Cape Town in Africa growth plan

Kenya Airways flies to Cape Town in Africa growth plan

Kenya Airways has introduced a six-hour flight to Cape Town, South Africa as the national carrier seeks to grow its African business. The Kenyan national carrier will route through Livingstone,…

Nyachae-linked bank seeks Sh5.4bn diaspora buyout

Nyachae-linked bank seeks Sh5.4bn diaspora buyout

Nyachae family-linked Credit Bank is seeking an additional Sh5.4 billion from an investment group for it to take control of the third-tier lender. The bank is wooing Fountain Enterprises Programme…

KCB takes over troubled Chase Bank, to reopen next week

KCB takes over troubled Chase Bank, to reopen next week

KCB Group has acquired a majority stake in the fallen Chase Bank, which is now set to reopen on Wednesday next week. The Group acquired the bank – that was…

Treasury CS Rotich eases transfer of bank loans with digital securities register

Treasury CS Rotich eases transfer of bank loans with digital securities register

The cost of transferring loans and mortgages from one bank to another is set to come down under a proposed new law establishing a central depository for loan securities. Treasury…

Denmark  Hair Retailer Launches Services in Kenya

Denmark Hair Retailer Launches Services in Kenya

Good news to all women who love hair extensions! A Denmark-based hair extensions retailer, Beauty Click, formally launched its services in Kenya on Tuesday selling human hair targeting rich and…

Chase Bank put under receivership

Chase Bank put under receivership

The Central Bank of Kenya has put Chase Bank under receivership for 12 months due to what the regulator termed as unscrupulous financial conditions. The regulator said the appointment of…

Kenya Ranks Top Among African Cash-Makers for Multinationals

Kenya Ranks Top Among African Cash-Makers for Multinationals

Kenya is among the top-three sources of revenues for multinational businesses in sub-Saharan Africa (SSA) according to a survey by The Economist Intelligence Unit (EIU) of the UK. The 2016…


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