Author: Khusoko

Unga Group Plc, a Kenyan-based holding company with its investments in the business of flour milling and manufacturing of human nutrition products has issued a profit warning as profit for the six months ended 31 December 2018 fell 40% to Ksh306.3 million. “Based on the company’s unaudited financial results for the first six months ended 31 December 2018 and the company’s second-half forecast, profit for the full year is likely to be at least 25% lower that prior year. “Volumes and margins declined in the human nutrition business due to increased competition and depressed consumer demand,” company secretary W Jumba said in…

President Uhuru Kenyatta on Friday reshuffled his Cabinet with the dismissal of Sports Cabinet Secretary Rashid Echesa. He will be replaced by Amina Mohammed who has been moved from the Education Ministry. “In accordance with Article 152(5)  of the Constitution, as read together with Artice 152(1)(d) of the Constitution, the appointment of Mr. Rashid Echesa Mohamed, as Cabinet Secretary has been vacated,” read part of the  Executive Order issued from State House. The Kenya National Examination Council (KNEC) Chairman George Magoha has been nominated to replace Amina as the Education CS. The President re-assigned six Principal Secretaries through Executive Order…

Ogilvy Africa, the most awarded creative agency in Africa, has named Brett Wild as its new Regional Creative Director. He takes over from Joao Espirito Santo, who is moving back to Portugal for a new assignment. In his new role, Brett will be expected to spearhead the Pan-African agency’s quest to deliver award-winning and effective communication work for clients in line with growing demand for strategic communications services especially by global multinational brands now present in Africa. While announcing the appointment, Ogilvy Africa Chief Executive Officer (CEO) Mathieu Plassard said, “We are delighted and honoured to welcome Brett Wild to…

Safaricom (NSE: SCOM) on Wednesday announced the deployment of 400G network link at the Mobile World Congress (MWAC) show in Barcelona, Spain. This makes its network among the first in the world to commercially deploy the solution. “The 400G solution will support the continued growth of our network which is being driven by an explosion in internet usage. Mobile data usage on our network has been doubling year-on-year while our fibre network now reaches more than 220,000 homes and 17,000 businesses across more than ten towns. It was therefore prudent to invest in the latest network technology to ensure that…

Family Bank has appointed Rebecca Mbithi as Chief Executive Officer after serving as Company Secretary and Director of Legal Services for four years. She replaces David Thuku who resigned in September last year. The Bank’s Board Chairman Wilfred Kiboro said Mbithi’s appointment is subject to approval by The Central Bank of Kenya. “Rebecca is a highly experienced professional with an extensive background in leadership in various organizations at director level specializing in law, project finance, Corporate Restructuring, Equity/Debt raising and Governance,” said Kiboro. Mbithi holds a Masters in Business Administration (Strategic Management) from United States International University and an LL.B degree…

Knight Frank LLP, the leading independent global property consultancy ’s (Y)OUR SPACE report, real estate is now a strategic priority for occupiers as the workplace represents an additional lever for business leaders in pursuit of competitive advantage. “In this respect, real estate decisions influence and reinforce an array of business priorities – from talent management, corporate and social responsibility, inclusion and diversity, to the transformation of corporate culture and brand or the restricting of business models in light of rapid technological advances,” the report states. The (Y)OUR SPACE report notes that the five themes that will shape future occupational demand…