Grower Sasini Plc has returned to profitability booking a Ksh.12.6 million profit for the year running to the end of September 2020. This to reverse a Ksh.337.7 million loss booked in 2019 on the back of improved cost containment. Sasini’s turnover rose by 48 per cent to Ksh.4.1 billion from Ksh.2.8 billion a year earlier […]
NAIROBI, Kenya, Jan 15- Sasini Limited has recorded a profit of Sh12.61 million in its financial results for the year ended September 30 2020, compared to a loss of Sh337.74 million it registered in a similar period last year. The Group’s company secretary Lawrence Kibet through a statement said the rise in profit has been […]
NAIROBI (Reuters) – Kenya Airways plans further pay cuts for employees of as much as 30% after the airline was hit by the coronavirus pandemic that has caused a slump in air travel, an internal memo showed on Friday. A worker walks in front of Kenyan Airways planes during the outbreak of coronavirus disease (COVID-19), […]
The Kenya Aviation Workers Union (KAWU) has rejected a move by national carrier Kenya Airways (KQ) to slash employee salaries by up to 30 percent. In a statement, KAWU secretary general Moss Ndiema said that KQ led by Allan Kivaluka were using imaginary powers to slash the salaries. Ndiema says that salaries of unionisable employees […]
Kenya Airways (KQ) is operating on the red and is unable to fully service its debts, the CEO Allan Kivaluka has revealed. In a letter to employees that is in our possession, Kivaluka informed the staffers that the company would be cutting employee salaries by between 5 percent and 30 percent for employees earning Ksh45,000 […]
A security guard walks past a montage of U.S. dollar bills outside a currency exchange bureau in Kenya’s capital Nairobi, July 23, 2015. REUTERS/Thomas Mukoya/File Photo NAIROBI (Reuters) – Remittance inflows into Kenya jumped by nearly 11% in 2020 to $3.09 billion as technological innovations helped people overcome the economic struggles brought on by the […]
5G is slowly but steadily being launched by different telcos around the world. In Kenya, we are yet to see the so-called next generation of wireless communications or simply 5G. Kenya’s leading telco Safaricom hinted at plans to launch 5G at the end of last year, but that didn’t happen. In a recent update from […]
Safaricom PLC CEO Peter Ndegwa during the telco’s 20 year celebration at the Nairobi Serena Hotel on October 27, 2020. DIANA NGILA | NAIROBI Safaricom had completed testing and trial of the 5G superfast internet service and planned to switch major urban centres to the service before end of 2020. In February, the then acting […]
According to the Buffett-Munger Screener , a Premium feature of GuruFocus, five companies based in Korea, India and Africa with a GuruFocus business predictability rank of five stars and a high dividend yield are Korea Environment Technology Co. Ltd. (XKRX:029960), Power Grid Corp. of India Ltd. (BOM:532898), Safaricom PLC (NAI:SCOM), Soulbrain Holdings Co. Ltd. (XKRX:036830) […]
NAIROBI — Kenya Airways plans further pay cuts for employees of as much as 30% after the airline was hit by the coronavirus pandemic that has caused a slump in air travel, an internal memo showed on Friday. The cuts follow those made in March last year following Kenya’s first confirmed COVID-19 case, which prompted […]
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