Private Sector Hiring Rebounds, Stanbic PMI Hits Five-Year High
Kenya’s private sector recorded its strongest hiring momentum in more than a year in November as firms rushed to expand capacity amid a sharp rebound in demand
Bankers’ Union Blocked From Accessing StanChart's Employees' Data
StanChart Q3 Profit Dips 38% After Booking KSh 2.7Bn Pension Charge
StanChart reported a sharp slowdown in Q3 after profit fell 38% to 9.79Bn, hit by weaker income and a one-off 2.7Bn pension charge linked to the Supreme Court and RBAT rulings. Operating income dropped 17% to 32.43Bn as net interest income fell 10% and non interest income slid 29% on lower volumes and thinner margins. Costs rose 19% to 19.23Bn, driven by the pension expense, while loan impairment fell 11% to 1.74Bn. Net loans eased 3% to 146.4Bn and deposits slipped 4% to 283.4Bn. The lender said it has substantively met the RBAT requirements, with 1.9Bn already paid to affected former employees.
G4S Ordered to Compensate 68 Security Guards For Unfair Dismissal
The Employment and Labour Relations Court in Nairobi has ruled that G4S Kenya Limited unlawfully dismissed a number of its security guards in a protracted disputeThe Kenyan Wall Street and WORKL Crown Kenya’s Best Employers for 2025
The Kenyan Wall Street, in partnership with the world’s largest workplace and employment data company, WORKL, today announced the winners of the highly anticipated ‘Best Places to Work’ 2025 Awards
Kenya Mulls Stricter Local Hiring, Sourcing Rules on Foreign Investors
Without addressing these structural challenges, mandatory quotas and stiff penalties could strain foreign participation and undermine the proposed law’s goals of boosting local industry.Kenya is Ignoring KSh 2 Trillion Worth of Unpaid Household Work, Mostly Done by Women
Former Employee Accuses M-KOPA of Racism in Employee Share Scheme
Fintech giant M-KOPA and its parent company have been accused of running a racially segregated employee share schemeUnpaid wages, Mounting Liabilities: Is Posta Kenya Salvagable?
Postal services in the country remain hobbled as a standoff between the Postal Corporation of Kenya and the Communication Workers Union of Kenya drags onWage Pressures Add Heat to Construction Costs as Steel, Sand Prices Surge
Construction workers are earning slightly more, but their gains are being outpaced by the rising cost of materials and fuel, new data by the Kenya National Bureau of Statistics (KNBS) showsKCB Group Now Employs 12,090 People, Tightens Promotions
KCB Group PLC’s workforce grew 16% to 12,090 employees in 2024, while internal promotions fell 17% amid restructuring and stricter performance targets, the bank said in its sustainability report. Total staff rose [...]SACCOs Face KSh 3.5bn in Unremitted Funds from Employers
Kenya’s regulated savings and credit cooperatives (SACCOs) are facing renewed financial strain as non-remitted funds owed by employers jumped to KSh 3.49 billion in 2024, up from KSh 2.59 billion [...]
