Tag: NMG


NMG Profit Warning: Going Gets Tougher For Kenya’s Biggest Newspaper Company

Issuing the NMG Profit warning on 26th October 2023, the board listed a number of reasons for the expected drop in earnings by at least 25%, including higher taxes and the free fall in the value of the Kenya shilling.

Standard Group CEO Sets Off Recovery With Resumption Of Full Salaries

Standard Group CEO, at a meeting held on Wednesday, revealed that new operational structures are being worked on across the organisation to increase efficiency and weed out non-performers.

NMG Half-Year Profit Plunges To Worrying Level, Board Cuts Off Dividend

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.

Silent Cries As NMG Fires Journalists For The Second Time In a Year

Nation Media Group (NMG) has over the past two weeks been silently laying off employees, including journalists, as it consolidates its operations into a converged newsroom.

NMG To Lay Off Editors And Reporters Who Can’t Fit In a Joint Newsroom

NMG is planning to further cut journalists from its payroll, barely six months after laying off a number of employees.

NMG Swiftly Fixes Salaries Mixup After BT Report

NMG on Friday moved swiftly to sort a salary processing mix-up that was touching off disquiet in the newsroom, just hours after Business Today reported on the issue.

Nation’s Govt Advertising Millions Under Threat

In a tweet laced with expletives, Kuria hinted at stopping government advertising with Kenya's largest media company, stating that they could still advertise "auctioneers and funeral announcements."

Payroll Error At Nation Media Leads To a Mixup In Salaries

There was a scare at Nation Media Group (NMG) last week after a section of employees received wrong salary amounts in their accounts, while others missed out completely.

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Amazing Origin of ‘Pesa’ and How Shilling Overtook Foreign Currencies

With the establishment of individual Central Banks for the three East African countries, Kenya began printing and minting its own shilling currency notes under the mandate given to the Central Bank of Kenya in 19676.