An aerial view of Nairobi, Kenya’s capital city. PHOTO | JEFF ANGOTE | NATION MEDIA GROUP More Kenyan companies are confident of reviving expansion plans after the third wave of coronavirus infections eased amid gradual uptake of vaccinations, raising hopes of progressive recovery in jobs. Findings of a closely-watched private sector survey conducted in May […]
Nairobi Securities Exchange CEO Geoffrey Odundo. PHOTO | NMG BAT Kenya , East Africa Breweries Limited (EABL) and Safaricom led five stocks whose increase in investor wealth at the Nairobi Securities Exchange (NSE) since the start of the year surpassed the remaining 50 companies. The five stocks recorded a combined gain of Sh334 billion since […]
Nation Media Group (NMG) #ticker:NMG returned to profitability in the six months to December 2020 on improved revenue from television and digital products after it recorded a substantial loss for the six months to June 2020 in the wake of Covid-19 disruptions. Total comprehensive income for the year ended December 2020 stood at Sh135.5 million, […]
Kenya Revenue Authority headquarters in Kenya’s capital Nairobi. PHOTO | FILE | NATION MEDIA GROUP The High Court in Kenya has suspended the implementation of a newly introduced minimum tax on businesses following a petition challenging its enforcement. Justice George Odunga granted the conservatory orders on Monday restraining the Kenya Revenue Authority (KRA) from collecting […]
Daily Monitor reporters in the newsroom (courtesy photo) A yet to be revealed number of journalists are set to lose their jobs in the coming days at two leading media houses in the country. At the Nation Media Group Uganda several employees will be laid of by the end of the month, over what the […]
The Daily Monitor newsroom in Namuwongo. Photo: Edgar R. Batte/Uganda Business News Nation Media Group Uganda, the media company, plans to dismiss staff as part of a restructuring seeking to “accelerate our digital transformation” and in response to effects of the Covid-19 pandemic. The company said in an email to staff that its “re-engineering” will […]
In February 2021, Uganda exported 563,763 60-kg bags of coffee worth $50.55 million. PHOTO | FILE | NATION MEDIA GROUP Uganda’s coffee exports have defied coronavirus market disruptions for a straight second month recording growth in value and volume. The Uganda Coffee Development Authority last week released data that shows that the country’s coffee exports […]
In February 2021, Uganda exported 563,763 60-kg bags of coffee worth $50.55 million. PHOTO | FILE | NATION MEDIA GROUP Uganda’s coffee exports have defied coronavirus market disruptions for a straight second month recording growth in value and volume. The Uganda Coffee Development Authority last week released data that shows that the country’s coffee exports […]
Daily Monitor reporters in the newsroom (courtesy photo) A yet to be revealed number of journalists are set to lose their jobs in the coming days at two leading media houses in the country. At the Nation Media Group Uganda several employees will be laid of by the end of the month, over what the […]
The Daily Monitor newsroom in Namuwongo. Photo: Edgar R. Batte/Uganda Business News Nation Media Group Uganda, the media company, plans to dismiss staff as part of a restructuring seeking to “accelerate our digital transformation” and in response to effects of the Covid-19 pandemic. The company said in an email to staff that its “re-engineering” will […]
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