Looks like this is the new trend as most Media houses are sacking their employees. Royal Media Service is the latest media house to execute a layoff targeting top journalists. This is after the Standard Group KTN laid off a number of staff last year, and so too did Nation Media’s QTV, QFM and NTV as well as Radio Africa (which runs Kiss TV, Kiss FM and Classic 105 among others) and Mediamax’s K24 and Milele FM.
Kenya’s leading broadcast house started retrenching yesterday and sent home big names from its Citizen TV station, on the first day, surprising staff and media, which had believed it was the most stable in the industry.
Among those pushed to the streets are news reporters Kendagor Obadiah, Evelyne Wambui, Pheona Kenga and Patrick Injendi. The TV station, the most popular in the country with close to 50% viewership, has also fired a number of camera people as it moves to cut costs and reposition itself for the next elections and growing competition.
Hundreds of billions were wiped off world’s financial markets on Monday 24th August as the world markets take a nose dive initiated by panic selling in China.
The Chinese stock market closed alarmingly lower on Tuesday, 24 August, after massive panic sell offs that have brought widespread fear across global markets.
Bank CEOs to Meet Governor of CBK after Shilling Falls to Ksh 105 per Dollar
The central bank of Kenya (CBK) has called for a meeting with the chief executives of commercial banks for an emergency meeting to discuss the exchange rate as the shilling depreciates against the dollar towards 107 units.
As the market opened on Monday, the dollar traded for 105.54 Kenyan shilling in commercial banks while forex bureaus sold the sae for as high as Sh 107.
However, banks rates depreciated further on Monday afternoon to as low as 106.60, which is the lowest seen since October 12, 2011.
Kenya does not have that many successful women entrepreneurs. Some unique exceptions include Tabitha Karanja, CNBC Business Woman Of The Year 2014 winner, her daughter Anerlisa Muigai, Olive Gachara of Couture Adrica, and Eve Muraya of Brand Strategy and Design.
However, there is a lady trying to change that named Ruth Mawia, the Director of Koola Waters.
County governments have failed to engage the public in using social media especially in internet marketing.
However, judges of the Olx 2015 awards who appreciate and recognize active institutions and public figures on social media noted that governors have done a great job in engaging the public. It is for this reason that nominees will be awarded in October.
Active governors nominated for the Social Media Governor Award include Hassan Joho (Mombasa), Mwangi wa Iria (Murang’a), Dr Alfred Mutua (Machakos), William Kabogo (Kiambu) and Evans Kidero (Nairobi).
Uhuru Kenyatta is in Uganda for his three-day state visit. His three-day state visit is expected to enhance the communication and cooperation between Kenya and Uganda.
Equity Bank Group has forwarded a protest letter to the Central Bank of Kenya (CBK) objecting Safaricom’s anticipated increase in Bank-Mpesa transfer charges. The new charges, according to Safaricom will be effected on 1st of December 2015.
Normally Safaricom charges banks a flat rate of Ksh 33 for clients who transfer money from their bank accounts to their Mpesa or to third parties.
The Kinddom of Dubai has has laid the ground work for buiding Meydan One, which will have the world's tallest building, the world's longest indoor ski, the world's highest restaurant, and world's largest fountain.
The Kingdom of Dubai is in the initial stage of building the world’s largest indoor ski slope and the World’s tallest building in a new ambitious project to be referred as Mayden One. The Ski Slope and the residential building is part of a larger project that will feature dozens of attractions, including the world’s largest fountain, all within a single project.
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