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Over 10 Kenyan companies have sounded the alarm by issuing grim profit warnings, sending shockwaves through the business world. Sanlam is the latest.
A majority of listed companies, which have announced profit warnings have seen their share prices fall by a deeper margin.
Unga Group has been the first to announce redundancies in the coming weeks on account of reduced sales.
Friday, December 1, 2023 – Employees of Unga Group were today treated to a rude shock after the company fired them due to harsh economic times exacerbated by President William Ruto’s high affinity for more taxes. In the notice today, the company announced that employees would be fired across all its branches, including Unga Limited and Unga Farm Care. The…
Africa Climate Summit (ACS) 2023 kicked off in Nairobi on September 4, 2023 as more than 30,000 delegates converged to discuss Africa's green growth potential.