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NMG shareholders miss out on dividends after record $1.9m loss

NMG shareholders miss out on dividends after record $1.9m loss

Nation Media Group (NMG), Kenya’s largest independent media outlet, has reported a record $1.9 million (KES254.4 million) loss for 2024, hit by falling advertising revenues and a costly restructuring process.  The loss is a 27% increase from 2023’s $1.5 million (KES 205.7 million) loss despite an 11% growth in online subscriptions. The company’s board has […]

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F-35 nations prize spare parts, as US dismisses kill-switch angst

F-35 nations prize spare parts, as US dismisses kill-switch angst

MILAN — Norway became the first F-35 partner nation to fulfill its program of record with the delivery of the last two F-35A airframes this month, marking the completion of the Scandinavian country’s order of 52 aircraft, manufacturer Lockheed Martin said. The announcement followed the establishment last month of a new F-35 maintenance centre in

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Vast signs three more payload partners for Haven-1

Vast signs three more payload partners for Haven-1

COLORADO SPRINGS — Commercial space station developer Vast has signed three more payload customers for its Haven-1 station set to launch in a little more than a year. Vast announced April 8 that Japan Manned Space Systems Corporation (JAMSS), Interstellar Lab and Exobiosphere will fly research payloads on the Haven-1 station launching no earlier than

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Fairmont Hotels & Resorts Expands in Europe with the Opening of Fairmont Golden Prague

Fairmont Hotels & Resorts Expands in Europe with the Opening of Fairmont Golden Prague

Fairmont Hotels & Resorts, part of the world-leading hospitality group Accor, is pleased to announce the debut of Fairmont Golden Prague, bringing a new chapter to one of the city’s most iconic and historic buildings. Located at the gate of prestigious Pařížská Boulevard on the banks of the Vltava River, the hotel unveils a multi-million

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Hospitality Asset Managers Association (HAMA) Releases Spring 2025 Conference Industry Outlook Survey Results

Hospitality Asset Managers Association (HAMA) Releases Spring 2025 Conference Industry Outlook Survey Results

Source: Hospitality Asset Managers Association (HAMA) USA CAMBRIDGE, Mass. —The Hospitality Asset Managers Association (“HAMA”) today provided the results of its Spring 2025 Industry Outlook Survey. The semi-annual report conveyed the latest opinions, experiences and predictions of 80 hotel asset managers on topics ranging from forecast predictions to recession concerns. Conducted in conjunction with HAMA’S

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Public relations at a crossroads

Public relations at a crossroads

Amidst a volatile geopolitical and economic backdrop, communications leaders around the world are grappling with complex challenges, from rapid technological disruption to the erosion of public trust. Yet, despite these pressures, the industry remains cautiously optimistic. The report reveals that a majority of PR leaders anticipate growth and improved profitability. What’s driving this confidence? A

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Africa: Nigeria Signs Ecowas Tariff Offers, Waives Taxes On 90% of Goods Traded in Africa

Africa: Nigeria Signs Ecowas Tariff Offers, Waives Taxes On 90% of Goods Traded in Africa

Nigeria has officially gazetted and transmitted the ECOWAS Schedule of Tariff Offers for Trade in Goods under the African Continental Free Trade Area (AfCFTA) to the AfCFTA Secretariat. This move comes ahead of the 16th Council of Ministers Meeting on Trade scheduled for April 15 in Kinshasa, Democratic Republic of Congo, and marks a significant

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ACID, Cannes Parallel Section, Announces Selection

ACID, Cannes Parallel Section, Announces Selection

ACID, a Cannes Film Festival parallel section, has announced its 2025 selection consisting of nine feature films.  That includes “L’aventura” by Sophie Letourneur, Aurélien Vernhes-Lermusiaux’s “The Black Snake,” “Drifting Laurent” directed by Anton Balekdjian, Léo Couture and Mattéo Eustachon, Lucio Castro’s “Drunken Noodles,” Pedro Cabeleira’s “Entroncamento” and “A Light That Never Goes Out” by debuting director

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