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Company That Makes Sh1.3B Loss Monthly And Still Flies High

National carrier Kenya Airways (KQ) in January issued a profit warning, saying it expects to report an even bigger loss for the year to December 2022, compared to what it made in 2021.

NMG New Business Model Pushes Out More Employees

The restructuring follows a pay cut of 5% for the lower end of the target group and 35% for the high-end effected from May 2020.

Going Gets Tougher as NMG Stares at Massive Drop in Profit

NMG earnings have been on a downfall over the past four years. In 2019, the group recorded a 23% drop in profit before tax to Ksh1.3 billion.

Nairobi Business Ventures Issues a Profit Warning

The announcement was based on the forecasted financial results of the group for the year ending 31st March 2020.

Kenya Power Stares at Bigger Losses as Revenues Shrink

Growth in renewable energy is aimed at enhancing the company’s sustainability and making power affordable while reducing dependency on thermal generation

Home Afrika issues profit warning as property sales decline

Listed real estate developer Home Afrika has issued a profit warning for the financial year ended December 31, 2018 with the firm blaming access to credit and slow real estate growth as the factors behind the revenues decline. In a statement from the Home Afrika...