Sh2.5bn State debt choking media, NMG boss Kiboro says
Nation Media Group chairman Dr Wilfred Kiboro awards this year’s Nation Classic Golf Series overall winner Robin Magerer from Kericho with 46 points at the Nyahururu Country Club in Laikipia County on June 8, 2024.
Photo credit: Boniface Mwangi | Nation Media Group
Dr Kiboro said digital disruption has made NMG to reposition itself in the business.
He also faulted the tax regime being pushed by the Kenya Kwanza administration.
Nation Media Group Chairman Wilfred Kiboro has said that the media in Kenya is reeling from a Sh2.5 billion unpaid debt by the government.
Dr Kiboro said the current lay-offs and restructuring being experienced in the media industry are partly attributed to the advertising debts owed by the national and county governments dating back nine years.
