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HomeDaily NewsWednesday, July 16, 2025Media and Business Challenges
Business & Economy2 stories from 1 sources

Media and Business Challenges

K24 and Kameme FM owner to fire employees amid economic challenges and WPP Scangroup names new CEO as Patricia Ithau exits.

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CCapital BusinessFirst

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Wednesday 12:23 PMCapital Business

K24, Kameme FM owner to fire employees amid tough economic challenges

K24, Kameme FM owner to fire employees amid tough economic challenges

Mediamax Network Limited plans to declare redundancies as part of a strategic restructuring due to tough economic conditions impacting Kenya's private sector.

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Key Highlights

Mediamax Network Limited plans to declare redundancies as part of a strategic restructuring due to tough economic conditions impacting Kenya's private sector.

  • 57 companies have declared redundancies since 2022, resulting in approximately 5,567 jobs lost.
  • Ken Ngaruiya, Chief Executive Officer, addressed the challenges including delayed payments and unfavorable regulations.
  • The restructuring affects various departments and is in response to a significant decrease in clientele and business volumes.
Wednesday 10:05 AMCapital BusinessFirst

WPP Scangroup names new CEO as Patricia Ithau exits

WPP Scangroup names new CEO as Patricia Ithau exits

WPP Scangroup has appointed Miriam Kaggwa as its new CEO following the exit of Patricia Ithau, whose contract has ended.

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Key Highlights

WPP Scangroup has appointed Miriam Kaggwa as its new CEO following the exit of Patricia Ithau, whose contract has ended.

  • WPP Scangroup reported a loss of Sh506.7 million for the year ending in December, a stark contrast to a profit of Sh130 million in the previous year.
  • Patricia Ithau, who served as Chief Operating Officer, will continue in an interim role until a permanent replacement is appointed.
  • Miriam Kaggwa, a finance executive with extensive experience in North America, the UK, and emerging markets, will collaborate with Mr. Vikas Mehta, Ogilvy Africa's CEO.
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