C
Originally published by Capital Business
📰 Read Full Article
business
July 16, 2025
9mo ago

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

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

NAIROBI, Kenya, July 16 – Mediamax Network Limited has issued a notice of intention to declare redundancies, becoming the latest casualty in a wave of job Kenya breaking news | Kenya news today |..

✨ 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.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article

Part of the Day's Coverage

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.

2 stories in this topic
View Full Coverage
Advertisement
Advertisement