BUSINESS72 Videos

East African Portland Cement fires all 2000 employees

East African Portland Cement (EAPCC) is set to lay off all employees in the company. The company is said to have been making massive losses of approximately Sh8 million per day. The losses have affected the operations when it comes to sales. The Chief Executive Officer, Stephen Nthei, said all job positions in EAPCC have […]

255 workers to lose jobs at Stanbic Bank, Kenya

Up to 225 employees of CFC Stanbic Bank are facing layoffs under an early retirement scheme in a bid to cut on cost and increase the company’s profits. The Bank’s management said those affected will get a favorable payment, at the rate of 1.5 month’s salary for each year they have served in the company. According to a […]

KEMSA spent KSh765m on unnecessary staff – Ouko

Kenya Medical Supplies Authority (KEMSA) spent KSh765.6 million on employees they did not need, the auditor general’s report shows. The agency allegedly hired 418 staff members over and above the required staff number. Auditor-General Edward Ouko said in a qualified audit tabled in Parliament that, “the authority had 759 employees on June 30, 2018, against an approved […]

Six things you should do to boost your online business

Online business has become increasingly important for many people over the past two decades. Here are the six things you should do to boost sells of your online business according to e-trade for All:- Empower different groups which will help you network and build trust among your customers. Developing online trust will help your consumers […]

Where to buy ‘cheap’ land in Nairobi in 2019

Property consulting firm HassConsult has released Land Price Index report for the first quarter of this year, indicating that Nairobi has become the best place to have land as an investment option. The report shows that a good number of areas in Nairobi that were selling land expensively have decided to lower their prices to […]

Sh35m Nike shoe causes a stir at auction

A pair of shoe designed by Bill Bowerman, a track coach who co-founded Nike has made history by selling at Sh35 million. Noah Wunsch, Sotheby’s global head of e-commerce said the 1972 Nike Waffle Racing Flat Moon was the only remaining hand made pair of shoe among the 12 of its kind that were handed […]
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