500 to lose jobs in Telkom Kenya layoffs

Five hundred employees of Telkom Kenya could lose their jobs in a restructuring plan announced by the company which is in acquisition talks with private equity fund Helios Investment Partners. Telkom Kenya has indicated that the layoffs are set to be effected in the first three months of next year [...]

Tuskys launches monthly bonus for star employees

Tuskys Supermarkets has introduced a monthly staff bonus payoff that will be based on branch performance.  High-performing staff shared out Sh3.3 million last month in the commission-award scheme. The bonus introduced in October rewards hard-working employees, motivates staff and also boosts performance of the retail chain [...]

Tullow share price jumps 1.4pc on new oil find in Turkana

The price of Tullow Oil stock at the London Stock Exchange (LSE) has risen by 1.4 per cent in the past five days after announcing it discovered new Turkana reserves running into a depth of 102 metres at the Etom-2 well in Block 13T. Tullow Oil said it had discovered new Turkana reserves running into a depth of 102 metres at the Etom-2 well in Block 13T [...]

New geothermal plants tender set for February

KenGen will issue tenders for the construction of two new geothermal plants in Olkaria in February, setting the stage for the injection of an additional 210 MW of power into the grid by 2018. KenGen managing director Albert Mugo said on the sidelines of the firm’s annual general meeting on Wednesday that the 140 MW Olkaria V and 70 MW Olkaria I unit VI will take two years to complete with the ground breaking set for June next year [...]

EA seeks common warehouse rules to plug revenue leakages

The Treasuries of the East African Community states are seeking common rules to tighten supervision of customs warehouses and stem tax evasion. Regional treasuries push for unified regime to ensure tighter inspection and stop diversion of goods at ports of entry [...]