Chevron Nigeria to lay off 25% of its workforce
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Chevron Nigeria to lay off 25% of its workforce

ByBrian Kithinji

Chevron’s Nigerian subsidiary has announced that it will slash its local workforce by 25% in order to offset costs and minimize losses. The oil firm has been operating a joint venture with Nigeria’s state-owned Nigerian National Petroleum Company (NNPC) for decades, but this year has been the toughest financially owing to the weak demand for…

Kenyan private sector activity hit record 29 month-high in September – PMI
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Kenyan private sector activity hit record 29 month-high in September – PMI

ByBrian Kithinji

Kenya’s private sector activity rose by the fastest rate in 29 months in September according to a report released by the Markit Stanbic Bank Kenya Purchasing Managers’ Index (PMI). PMI jumped to 56.3 in September from 53.0 in the previous month, driven by an increase in firms resuming operations after President Uhuru Kenyatta eased some…