Peter Gitonga News Today

Years ago back pain was a disease of the elderly and the business of the back was not as lucrative.

At least 10 new chief executives joined corner offices of Nairobi Securities Exchange-listed firms in 2022, taking up substantive or temporary roles.

Sameer Africa has appointed John Mugo as the new managing director effective January 1.

THE STANDARD CENTRAL The casket bearing the remains of the late Catherine Nyokabi  [Mose Sammy, Standard] A somber mood engulfed her home at Gatei in Kieni East, Nyeri County as mourners paid their last respects. Speakers at the funeral called for justice for their kin, allegedly killed by Evans Karani who is in police custody. Jastus Wambugu, the family spokesperson, asked the State to ensure justice prevailed for their daughter. Wambugu said the dream of a young woman who worked in the hote...

Very passionate A decision, however, that had to be made despite dedicating a huge part of their lives and billions of shillings into growing the business.  “Merali was very passionate about it … all of us were,” he told  Financial Standard in an exclusive interview. Subscribe to Our Newsletter “We came here very young, got married and raised families.” Merali entered the tyre business in the late 1980s after acquiring Firestone, which was incorporated in Kenya in 1969. To observer...

“The board’s decision to return to the tyre business reverses the earlier communicated decision made on April 20, 2020, to exit from the tyre business,” said the firm. “This change has been justified by the sustained demand for the Yana brand and the success of the company’s turnaround efforts in 2020.” The decision followed a meeting on January 22 where the board gave nod to a four-year strategic plan that lays out the firm’s renewed growth. Subscribe to Our Newsletter Subscribe ...

Sameer makes U-turn on tyre business after shutting it down Monday February 08 2021 A worker at Sameer Africa. Sameer has returned to the tyre business after exiting it in May 2020. FILE PHOTO | NMG By HELLEN GITHAIGA Sameer Africa #ticker:SMER has returned to tyre distribution after shutting down the division in May last year to tame a loss-making streak amid efforts to cut costs, including outsourcing production to Asia. At the time, the Nairobi Securities Exchange-listed firm told its share...