The top gainer of the day on Monday at the Nairobi Securities Exchange (NSE) was Standard Group with 9.79 percent at the price of 24.10 shillings per share. Kenya Re-Insurance was the second top gainer of the day with 9.00 percent at the price of 2.18 shillings per share followed by Uchumi Supermarket with 5.71 […]
A Kenya Airways plane in flight. Court has stopped the national carrier from sacking employees. PHOTO | FILE | NATION MEDIA GROUP The carrier is expected to resume operation of local flights on July 15 and intends to cut costs by retaining only staffers essential to keeping KQ planes in the air. But the court […]
Uganda Development Bank (UDB) has entered a partnership with the Nation Media Group, Uganda, (NMG-U), in a bid to enhance its visibility and mandate. A team of UDB’s top officials who paid a courtesy call to the Daily Monitor offices in Namuwongo, Kampala, yesterday, said majority of the people think the bank is like other […]
Kenya Airline Pilots Association (Kalpa) wants ongoing staff layoffs, which include sacking of pilots by Kenya Airways (KQ) stopped, terming the exercise illegal. PHOTO | FILE | NATION MEDIA GROUP Kenya Airline Pilots Association (Kalpa) wants ongoing staff layoffs, which include sacking of pilots by Kenya Airways (KQ) stopped, terming the exercise illegal. The carrier […]
Uchumi supermarket on Aga Khan Walk Nairobi. The retailer has been ordered to clear Sh4.7 billion debts in six months. PHOTO | FILE | NATION MEDIA GROUP The retailer last week got a reprieve from the High Court, which marked an insolvency petition against Uchumi as settled and withdrawn following an out-of-court deal with suppliers. […]
Villa Rosa Kempinski Kenya General Manager Roberto Simone after he was unveiled to the media at the facility on August 13, 2019. PHOTO | DIANA NGILA | NATION MEDIA GROUP Five-star hotel Villa Rosa Kempinski will send home an undisclosed number of its workers, underlining the worsening unemployment crisis. In a retrenchment decision that comes […]
A man shops for maize flour at a supermarket in Nyeri, County. Most supermarkets have recorded low numbers of customers, a trend they blame for their failure to pay suppliers. PHOTO | FILE | NATION MEDIA GROUP The Competition Authority of Kenya wants to protect businesses, especially small enterprises, from collapse due to constrained cash […]
Longhorn Publishers CEO Maxwell Wahome. PHOTO | DIANA NGILA | NMG Longhorn Publishers #ticker:LKL has issued a profit warning for the year ending this month, preparing investors for a fall in earnings for the first time in five years on account of disrupted learning caused by Covid-19. The firm says the pandemic and the related […]
Pierre Nkurunziza was a dominant figure in Burundi’s politics in the last 26 years. PHOTO | FILE | NATION MEDIA GROUP In life, he always maintained that he had lived part of his youthful years in Kenya, and even mastered the diverse cultures of its people. Yet he still had a stunning attachment to his […]
An elephant walks past a car filled with tourists in South Africa’s Kruger National Park on December 10, 2009. With borders closed and airlines grounded due to the Covid-19 pandemic, Africa’s multi-billion-dollar safari industry is unravelling. PHOTO | FILE | NATION MEDIA GROUP Mabarhule, When Khimbini Hlongwane spent most of his small safari tour company’s […]
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