Tag: Orlando Lyomu
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.
Tension is high tension within Standard Group top management as the board meets today to chart a new direction for the media company.
The financial situation at Standard Group is getting dire by the week. While employees are getting used to salary delays, the reality is beginning to sink in: day by day they are getting broke and broke.
Standard Group has been struggling financially in the last five years, oscillating between losses and little profits, all blamed on management that has focused so much on expansion at the expense of viability of projects.
Standard’s HR department led by Nicholas Siwatom is having a nightmare managing staff expectations and an even bigger problem when recruiting as the group is increasingly becoming unattractive to top talent.
The company’s management is cautiously optimistic, however, saying the business still faces challenges as Covid-19 continues to shake the country and media consumption and advertising trends shift. Standard Group posted a Ksh434 million pre-tax loss for the year ended 31st December 2020, an improvement from Ksh684 million loss recorded in 2019.
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The lack of a long-term vision and inadequate resourcing of mental hospital infrastructures continues to take a toll on Kenya’s mentally ill patients.
This strategic move is in line with indaHash vision to cement its presence in Africa, following its impactful footprint in South Africa since 2017 and successful collaborations with clients like the South African Tourism Board.
Running from December 4th to 25th, the SportPesa campaign promises daily excitement with six lucky winners expected to walk away with Ksh5,000 daily.
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Captain William Kipkemboi Ruto is officially known by the name William Ruto, which also happens to be President William Samoei Ruto’s official name.
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.