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Board attributed the decline in NMG profit 2023 to the rise in the cost of imported raw materials, especially newsprint which is it the main input in newspaper production, and the depreciation of the Kenya shilling against the US dollar.
The Standard Group CEO staff communication meeting, scheduled for Wednesday 16th August 2023, is expected to be a turning point for Standard Group, Kenya’s second biggest newspaper company that is facing financial difficulties.
Mark Masai, the veteran TV anchor who was recently laid off by Nation Media Group, has quit the screen to try his hand at agency public relations and communications.