Nation Media Group (NMG) Sacco has opened a new hotel in Nairobi Central Business District in a new bid to shore up its revenues.
The new hotel is dubbed as Nascos. It is located at the junction of Moi Avenue and Kenyatta Road at HH towers.
“This facility is part encouraging to help our employees to have a good working environment,” NMG chief executive officer Stephen Gitagama said.
The Nation media house chief urged it’s employees to support the new business by taking their meals and beverages there.
“In a nice clean environment, you can get an affordable meal,” said Jane Muiruri, head of Human Resources at NMG.
In its latest financial results for the full year ended June 30 2022, NMG reported Sh. 247.8 million. This was a decline from the Sh. 285.2 million the company recorded the previous year.
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The Nation media company’s turnover fell slightly from Sh. 3.72 billion to Sh. 3.695 billion.
“The steady turnover was mainly attributable to growth in broadcast business, increased revenue from digital products and services and growth of our niche print products – Business Daily, The EastAfrican and Taifa Leo. The Group’s digital footprint grew to 52.2 million users compared to 44.9 million users the same period last year,” said NMG in a statement.