Category: Business Daily

Shares at the Nairobi Securities Exchange (NSE) rewarded investors with the highest returns in the third quarter of the year, eclipsing bonds and cash deposits whose gains dropped in the wake of falling interest rates.

During the three months to September, investor wealth at the bourse, as measured by market capitalisation, rose by 15.1 percent, or Sh367.4 billion, to reach Sh2.78 trillion.

The Employment and Labour Relations Court has faulted Consolidated Bank of Kenya for the unfair dismissal of one of its business development officers over allegations of improper loan approvals totalling Sh102 million.

Justice Monica Mbaru stated that it was improper for the bank to hold Emmanuel Wambua responsible for a non-verified asset used to secure the debt, noting further inconsistencies in the lender’s actions.

Early last month, Karen Thaba, a digital marketer, was approached by an agency to apply for a social media role and content creator. After she shared, the agency wrote back asking for a full social media strategy plus a two-week content creator calendar in 36 hours for a specific brand as an assignment.

“I checked the brand they requested I make the content for and noticed they could be their client,” she recalls.

A judge has reprimanded Kenya Power for repeatedly violating a former employee’s rights by subjecting her to repeated temporary three-month job contracts for eight years.

Employment and Labour Relations Court Judge James Rika said offering short-term contracts to employees for prolonged periods is casualisation of labour, which deprives workers of job security and terminal benefits due to permanent and pensionable employees.