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The fall-out quickly moved to the legal front, as Shaffie through his lawyers sent a demand letter seeking Ksh22 million for unlawful termination, citing various labour laws he believes were contravened. Radio Africa responded with a counter-suit for Ksh150 million, insisting Shaffie disregarded the station's code of conduct in addition to media ethics regulations.
The media firm posted a whooping Ksh434 million pre-tax loss, down from Ksh684 million in 2019 - representing a 36 per cent decline. Like other major players in the media industry, Standard Group was affected by reduced advertising as firms trimmed marketing costs in response to the Covid-19 pandemic.
“We have had an issue with KEMSA, the institution responsible for the distribution, and as you know very well, concerns in particular about corruption that I know the government is working to reform. We have an obligation to our own taxpayers when we’re spending their money to do it in a way that is accountable and fully transparent," Blinken stated.
Eventually, such a company could qualify to list on the bourse, although it is still free to drop out before doing so. NSE chief executive Geoffrey Odundo says companies already in the program are at different stages of compliance as the program is helping the companies meet the required terms
Eyebrows were raised in February when NMG announced plans to buy back 10% of its shares in a share buy-back programme, one of the first in the country since the Companies Act, 2015 took effect creating a framework for share buy-backs by public companies.
There have been 14 million recoveries, and over 20q,000 deaths. The surge has left India's health system stretched even as the PM Narendra Modi-led government races to curb the situation, which has seen several countries introduce flight bans on India. Nations including Kuwait, France, Germany, Maldives, Italy, UAE, USA, Iran and UK have all restricted entry for travelers from India.
The acquisition of WayaWaya comes just one month after Ajua announced its partnership with Nigeria’s MTN for MTN EnGauge, an agile application that offers innovative customer management solutions. The platform enables businesses access to digital payments using a unique USSD code, CRM tools, customer feedback channels, debt management and tracking, business and product promotions through mobile and social media channels.
Keroche CEO Tabitha Karanja alluded to the dominance of imports in the strong beer segment, voicing confidence that Kenyans would support and enjoy the new lager brand. She revealed that Keroche expects the new lager brand to generate as much as Ksh1 billion in tax revenue for the Kenya Revenue Authority (KRA) annually.