Uber is set to face stiff competition from home-grown ride-hailing services such as Wasili Cabs and Rafiki Cabs - which capitalized on the absence of big players such as Uber and Bolt in vibrant but smaller towns and urban centres such as Nakuru, Eldoret and Kisii.
Causing physical damage, business interruption or loss of revenues, civil unrest incidents are becoming a more significant risk for companies in the current environment, as reflected in the findings of the Allianz Risk Barometer 2021. In the annual global risk survey, ‘political risks and violence’ returned to the top 10 risks for the first time since 2018.
The firm expects net earnings to be at least 25 per cent lower than that reported in the last full financial year. In November 2020, the listed firm had caused jitters after releasing its half year results for 2020/21 - posting a Ksh1.7 billion loss for the period ended September 30, 2020 down from a Ksh6.7 billion profit recorded in the same period last year.
Masaki joins the loss-making battery manufacturer from Sameer Group, where he was the Finance Manager. He will perform as Acting MD pending the appointment of a substantive Managing Director by the board.
A keen look at the auction notices tells a deeper story. Auctioneers are struggling to find buyers leaving them stuck with re-possessed properties, with harsh economic times meaning that fewer Kenyans are willing or able to acquire the repossessed vehicles, land, buildings and office equipment
Kalebi's official title was Group Managing Director, CEO and Chief Consultant Pathologist - highlighting the different roles he took on at the organization. The roles will now be split between Mwende Musunga as Group CEO, Matthieu Goge as Group Managing Director and Dr. Charles Wahome as Chief Consultant Pathologist.
Njoroge marked two years since the crash on March 10 with a heartwarming gesture - donating over $440,000 (Ksh48 million) to charities in Bermuda as his way of repaying the outpouring of support he received from Bermudians after losing his family.
While Kenya's public health system is weighed down by corruption, inadequate funding, mismanagement and labour disputes - its private facilities seem to be fairing much better. Ensuring that the country's health facilities - both private and public - meet the highest international standards would open up a multi-billion shilling medical tourism industry in the country.
As the zero-rated transaction period lapsed on January 1, Safaricom cut low value M-Pesa transaction fees by up to 45 per cent in line with a deal agreed with the Central Bank of Kenya (CBK). Withdrawal fees remained in place.
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