Fri, 27-Feb 2026

Search news articles
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics
  • Kenya Business NewsAfrican Business NewsGlobal News
  • Press Releases
  • Shows
  • Best Places to Work 2026
Subscribe
Events
Subscribe
  • Home
  • AllAgricultureBankingAviationEnergyManufacturingTechnologyStartups
  • Geopolitics

    Contact Us

    Media Queries & Partnerships:[email protected]

    About Us

    We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe.

    Disclaimer

    The information contained in this website is for general information purposes only.
    © 2026 Wallstreet Africa Technologies LTD.. All Rights Reserved.
    1.0.32

    Fairmont Closes its Hotels and Fires all Employees

    Mwakaneno
    By Mwakaneno Gakweli
    - May 28, 2020
    - May 28, 2020
    Kenya Business newsTourism
    Fairmont Closes its Hotels and Fires all Employees

    Today, Fairmont announced that it has closed its Norfolk and Mara Safari Club hotels and fired all the employees due to the pandemic. The hotel cites the current impact of the coronavirus on travel and the uncertainty as reasons behind the closure. The termination will be effective on June 5th, 2020, upon which Fairmont will issue termination letters.

    “It is regrettable that our Hotels, Fairmont The Norfolk and Fairmont Mara Safari Club have since ceased their operations as a spiral effect of the COVID-19 and the recent flooding of Fairmont Mara Safari Club. These unprecedented natural causes have resulted in disruption of our business now and in the foreseeable future,” reads a memo from the Fairmont.

    Employees of the hotel with more than five years of service will receive a gratuity. Those with less than five years will receive a month’s pay in lieu of the notice.

    SEE ALSO: Kenya’s Travel, Tourism Most Battered by Global Pandemic

    Kenya’s tourism sector is the worst hit by the pandemic as passenger flights remain grounded. Experts predict that revenues will drop by at least 60% by the end of 2020, which will trigger massive job cuts.

    The industry is set to benefit from KSh 2 billion soft loans in the recently launched economic stimulus package.

    The Kenyan Wall Street

    We are a leading integrated digital content platform providing in-depth business and financial news across Africa & the globeSubscribe
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...
    Loading...

    Your edge in markets, powered by AI

    Explore cutting-edge insights with our AI assistant, delivering real-time analysis, personalized news, and in-depth answers at your fingertips.

    Sign Up

    Show me today’s top trades

    Explain the market in simple terms

    What’s my next smart move?

    Report Issue

    Wall Street Africa Business Intelligence

    Access exclusive news, expert analysis, and tools designed to give investors an edge.

    Fixed Income

    Real-time bond pricing with instant calculations, auction data, yield curves, and trend analysis for Africa’s fixed-income markets.

    Local and Global Insights

    Unique perspective with a blend of local and global news and analysis, tailored for African investors.

    Real-Time Economic Indicators

    Monitor inflation, currency movements, and other key economic indicators for African countries.

    Interactive Data for Local Markets

    Visualize trends and compare markets across Africa with interactive charts and tools.
    Wallstreet Africa
    Wallstreet Africa
    Wallstreet Africa