Kenya’s second-largest retailer Tuskys has fired hundreds of employees as part of its strategy to stay afloat besides having announced receiving Ksh 500 million to cover its immediate working capital requirements. According to sources, in a letter addressed to the affected employees, Tuskys Human Resources General Manager Francis Kimani said the company will abide to labour laws including accrued leave days and severance pay. “Due to the ongoing business realignments, Tusker Mattresses Limited hereby informs you that it will no longer continue to offer you employment and will terminate your employment contract with effect from September 22,” the letter reads…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
The Programme will be flagged off in Nairobi, Kenya and will be implemented in Kenya, South Africa, Tanzania, Nigeria, Zambia, Zimbabwe, Malawi and Zimbabwe Ksh 93 million worth of seeds to be distributed among 200,000 smallholder farmers in ten counties in Kenya Bayer, a multinational pharmaceutical and life sciences company, will provide free seeds to 700,000 farmers impacted by COVID-19 in Africa. The company has launched Better Farms, Better Lives initiative to assist smallholder farmers in Africa who are facing additional challenges resulting from the COVID-19 pandemic, by providing seeds and giving them market access. This is line with the company’s…
IMMMA Advocates, a law firm in Tanzania has parted ways with Fatma Karume where she has served for over 10 years as a senior partner. Ms Karume posted on her Twitter account a letter addressed to her by the law firm’s Managing Partner Sadock Magai. “Please be advised that the equity Partners (other than yourself) met on September 16, 2020, to deliberate the relationship which subsists between them and yourself and resolved that they no longer wish to carry on the business of IMMMA Advocates in common with you..” reads a part of the letter. “You will be compensated in…
Article 27(8) of the Constitution of Kenya 2010 provides that the State shall take steps to ensure not more than two-thirds of members of all elective and appointive positions are not of the same gender. Ten years after the promulgation of the Constitution of Kenya 2010, there is yet to be enacted a specific legislation to operationalise this constitutional provision on gender equality. Consequently, the Kenyan Parliament has been wrongly castigated for failure to enact the relevant legislation. The high-level criticism levelled against Parliament is somewhat misplaced in my considered view, for a variety of reasons: To begin, it is…
Daauus, a top tier Somali creative advertising and communications agency, is looking to expand its presence in Kenya by setting up an office in the country. According to the company, their entry into the Kenyan will focus on Somali(a) related network of business. “As you know, Kenya has been the second home for Somalis. And Many international institutions operate from their Nairobi offices,” says Mohamed Bashir Osman, Co-Founder and Managing Director of Daauus Advertising Agency. “We have been serving our Kenya based clients for the last four years from Mogadishu. Now is the time to invest in Kenya’s market to…
Zhejiang Export Online trade fair started Monday with as many as 50 companies from East Africa are showcasing their products. The trade fair has been organised by China’s Department of Commerce of Zhejiang Province, and Zhejiang Broad International Convention and Exhibition Co. Ltd providing a unique opportunity for stakeholders in the Consumer Goods industry to meet and generate business. The expo targets the Consumer Goods industry of Kenya and East Africa and will be conducted from 21st to 25th September 2020 at 11:00 – 13:00 Hours EAT. “This is an excellent platform to strengthen the trade between Africa and China.…