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Kenya Airways CEO resigns

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Kenya Airways Chief Executive Officer Sebastian Mikosz has resigned on “personal grounds”, effective December 31.

In an internal memo to staff, Mr Mikosz said he had decided to shorten his contract.

“It is my personal decision and I have obviously discussed it with the board as well as my family,” he said.

He noted that he had informed the Capital Markets Authority and the Nairobi Securities Exchange of his decision, in line with regulations since KQ is a listed company.

Mikosz, who speaks fluent French, English and Russian in addition to his native Polish, was appointed in 2017 and was seen as the fresh hire who would stop the airline’s loss-making.

This was due to his experience turning around LOT Polish Airlines, the flag carrier of Poland.

The CEO noted that he remains “fully determined” to the plans for the national carrier’s turnaround that were rolled out three years ago.

“I believe this is the ideal timing to begin a transition process to find someone who will continue with the turnaround initiatives,” he said.

Mr Mikosz noted that the efforts have seen the company decrease its losses from Sh25 billion in 2014 to Sh7.5 million currently.

“I am convinced that KQ is on a good path for a full recovery,” he stated.

The CEO also informed staff that he would be travelling to China to work on the launch of directs flights to Beijing.

He will also attend the International Air Transport Association General Assembly and carry out a business review in Bangkok.

Mr Mikosz has been pushing the Kenyan government to take decisive actions – to either nationalise the airline or change its mandate in a way that would remove the dividend-paying requirement from its shoulders, given its main competitors are State-backed.

“We must be given a different mandate,” he said when he visited Nation Centre this week.

The CEO and group managing director has argued that the ground for Kenya Airways is uneven owing to the shareholding structure of its rivals.

Its main competitors – Ethiopian, RwandAir and the three Gulf carriers – are all 100 per cent State-owned.

This means that to compete with them, Kenya’s national carrier needs the kind of muscle that only the government can offer.

Mr Mikosz’s biggest blow came recently when the government appeared to have had a change of heart on its planned merger with Jomo Kenyatta International Airport (JKIA), which it was hoping to use to turn around its fortunes.

Kenya Airports Authority (KAA) did not help as it questioned the financial viability of the deal given KQ was the one in problems.

Unions have never been on its side – they have been demanding the removal of Mr Mikosz as well as the management team.

Instead of focusing on the turnaround strategy, the chief executive has found himself having to explain just how much he and his expats earn.

Mr Mikosz flew in with a team of polish expats, described by insiders as his ‘kitchen cabinet’ that were initially thought to have been needed for just six months.

Their skills have remained wanted at the airline almost two years later, to the chagrin of union officials.

Mr Mikosz defended his strategy, which he maintains is working, but it has not worked at the pace he needs to fly KQ out of the loss-making territory.

His quick wins include finalising the deal that saw banks convert their debt into equity, lifting a repayment burden that was choking its cash flows.

He also counts the direct flights to the US as another feather in his cap.

source:nation.co.ke

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Business

Safaricom achieves 50pc female employees target

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Safaricom says it has achieved 50 percent share of female employees on its payroll, coming amid an increase in the number of direct and indirect jobs it sustained in the last financial year growing nine percent to 979,000.

This is according to the telco’s 2019 Sustainable Business Report released on Thursday in which the firm also announced a plan to plant five million trees in the next five years as part of a carbon offset programme.

“We have achieved a 50:50 gender balance among our employees and 34 percent of senior management are women. In addition, 2.1 percent of our staff are persons living with disabilities,” the report notes.

In the year under review, the firm says 178 women-owned businesses were pre-qualified under its Women in Business initiative.

The firm supports 167,083 M-Pesa agents, 433 dealers, 1,138 suppliers, 4,503 permanent employees as well as other stakeholders.

The company had a staff headcount of 6,323 (permanent and contract staff) as at March 2019, an increase from 6,130 in 2018.

The latest Sustainable Business Report also notes that the telco disciplined 78 staff in the last financial year, even as an earlier released annual report had indicated that Safaricom fired 31 employees in the year ended March 2019 over fraud.

“We consistently review our compliance with regulatory obligations, particularly those surrounding fraud, corruption and anti-money laundering legislation,” the report adds.

by nation.co.ke

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Business

Job Vacancy: Business Manager

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We are seeking an experienced Business Manager to lead and oversee the work of employees in our Optiven Construction company.  The eligible person will be responsible for ensuring the efficiency of business operations as well as setting strategic goals for the future.

Optiven Construction Company is based in Kitengela, Namanga Road, Acacia Junction, we are known to be the leading manufacturing company in construction items majorly Cabros, Hollow Blocks, Paving Slabs, Road Channels, Road Kerbs, Wall Copings, Culverts, Louvers, Fencing poles and many others.

The successful candidate will be a competent leader able to provide guidance that enhances performance in a manner which incorporates the company’s vision and culture. The goal will be to ensure the profitability of our company’s activities to drive sustainable development and long-term success.

Reporting to: Company Directors.
Location: Kitengela

Duties and Responsibilities

Business Development & Marketing

  • Developing business management goals and objectives that lead to growth and prosperity.
  • Designing and implementing business plans and strategies to promote the attainment of goals.
  • Maximizing new business development opportunities for the organization.
  • Gathering, analyzing and interpreting external and internal data and write reports.
  • Coordinating activities that affect operational decisions and business requirements.
  • Representing the company in meetings and events i.e. exhibitions, conferences, Activations and other construction or real estate projects.
  • Identifying and targeting areas in which a business can improve operation

Procurement Management

  • Maintaining relationships with vendors & suppliers.
  • Participating in purchases of materials and services required for production.
  • Ensuring effective purchases of raw materials without compromising quality & with price sensitivity.
  • Ensuring that the company has the adequate and suitable resources to complete its activities (e.g. material, equipment etc.)
  • Sourcing for bids and tenders & coordinating with internal departments for Supply.
  • Proposing the best technical and economic solutions (quality, cost & deadlines)
  • Communicating any changes in the order or delivery date to relevant parties.

Financial Management

  • Assessing overall company financial performance and report on daily sales and production.
  • Monitoring revenue margins, maximizing revenue through innovative sales practices and yield management programs.
  • Preparing financial projections, reports and targets and reporting to the directors on a Monthly at times weekly basis.
  • Advising management on financial related matters.

People Management

  • Ensuring adherence to legal rules and guidelines.
  • Determining hiring needs, overseeing assignment of employees and planning staff development.
  • Overseeing employees’ productivity.
  • Organizing and coordinating operations in ways that ensure maximum productivity.
  • Supervising the work of employees and provide feedback and counsel to improve efficiency and effectiveness.
  • Motivating, mentoring and providing direction to the team

Customer Relationship Management

  • Be fully conversant with the commercial and technical requirements of customers.
  • Discussing monthly customer complaint reports with the management and offer solutions.
  • Meeting existing and potential clients, identifying and gathering their specific needs at an early stage.
  • Securing the relationship with the clients until the achievement of their projects.
  • Be the face of company and day to day point of contact with clients in all regions.

Requirements: – Abilities, Knowledge and Skills

  • Bachelor’s degree in Marketing, Business Administration, Accounting, Finance, Economics or Civil engineering.
  • Great Exposure to Sales and Marketing Initiatives
  • Strong communication, organizational, presentation and negotiation skills
  • Ability to take ownership, working independently and meeting deadlines
  • Possess personal qualities of integrity, credibility, and commitment to company mission
  •  Ability to engage and motivate others.
  • Strong reporting skills.
  • Excellent in developing customer relationships and customer service
  • Professionalism, high level of maturity, good character with positive values

Applicants who meet the above criteria are required to send their applications torecruitment@optiven.co.ke with “BUSINESS MANAGER” being the subject of the email and with detailed CV,names & addresses of three referees.  Only shortlisted candidates will be contacted.

Note: We do not charge any fee for recruitment.

 

 

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Business

DPP Haji now targets Keroche power couple with Sh14 billion tax evasion suit

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DPP Noordin Haji has ordered for the arrest and arraignment of Keroche Breweries directors Tabitha Karanja and Joseph Karanja for allegedly evading taxes amounting Sh14.45 billion since 2015.

In a statement to newsrooms, the DPP said investigations revealed that the directors could be culpable of 10 counts of tax fraud between January 2015 to June 2019.

The DPP said the KRA commissioner general submitted an inquiry file to his office on August 18 and an audit by KRA established that Keroche Breweries had evaded payment of tax tallying to Sh14,451,836,375.

The amount evaded, according to the DPP, included stamps valued at Sh329,424,019, Crescent Vodka brand valued at Sh135,402,950 among other products registered under the company.

The exercise duty evaded on the said products, according to KRA, amounted to Sh2,101,846,768 billion.

IN PUBLIC INTEREST

The DPP says that he is satisfied that there is sufficient evidence and that it is in the public interest to charge the suspects with 10 counts of tax fraud contrary to the Tax Procedures Act of 2015.

For more than a decade, Keroche has been battling with Kenya Revenue Authority over tax arrears the brewer owes the taxman.

In 2017, a three-judge Court of Appeal bench ruled that KRA had abused its powers by sending a tax demand of the three tax heads and penalties amounting to Sh1.1 billion through a letter dated November 29, 2006.

The ruling was the third in the 10-year battle in favour of the brewer, which gave them a fresh lease of life to the 20-year-old Keroche.

The letter was dismissed as unreasonable because it had come without an accompanying schedule of details of the said assessment and without proper notices.

The revenue authority had appealed an earlier decision by the High Court on July 6, 2007, where Justice Joseph Nyamu had prohibited the taxman from demanding the taxes, citing “abuse of powers”.

The taxman, who was also demanding an additional Value Added Tax of Sh305 million, was basing the tax bill on an assessment carried out in 2006, where some Keroche products had allegedly not been given the right classification, hence being subject to lower taxation.

by nairobinews

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