Find all the trending stories on the Fuzu News Centre.
Fuzu News Centre: week of 27th May.
You know how we catch up every Friday! We give you updates on all the business stories that happened during the week to keep you informed. Be sure to find all the trending stories on the ‘Fuzu News Centre’. Here is your week in rewind.
The World Health Organization classifies a new workplace disease...you should be worried.
Have you been feeling exhausted or depleted of energy, feeling distant from or cynical about the job that you were once passionate about and reduced professional efficacy? According to the World Health Organization you are suffering from Burnout.
Earlier this week, The WHO officially included the term ‘Burnout’ in the 11th Revision of the International Classification of Diseases as an occupational phenomenon. This means medical practitioners can now make the legitimate diagnosis of ‘Burnout’. In this classification, burnout is defined as ‘a syndrome conceptualized resulting from chronic workplace stress that has not been managed’.
This could not have come at a better time considering May is the Mental Health Awareness month.
EABL has the best offer and it’s not on beers
Diageo, the British parent company of East Africa Breweries Limited (EABL) has made a bold policy move. Diageo announced that it will be beginning a global roll-out their new generous family leave policy on 1st June 2019. The policy which aims to create a fully inclusive and diverse workforce will see mothers and fathers get six months of paid parental leave regardless of how long they’ve been with the company.
Diageo has at been at it; proving how it values it people. Thompson Reutures ranked Diageo fourth as the most inclusive and diverse company in the world with 40% of Diageo Executive committee and 44% of its board being women.
Who knows if there’s an opening at EABL?
Safaricom, Tusker,Kenya Airways and Bidco rank among the top 25 most admired African Brands
Safaricom had made up their mind to roll up their sleeves and get down to work when they rebranded and changed their slogan to Twaweza (which translates to - We can). According to a report by the African Business Magazine, Safaricom ranked at number 6 out of 25.
Folks at Tusker must also be making a toast (we might as well do it on their behalf) because they ranked at number 9 which is no mean feat. Despite not posting positive financial results in recent months, The Pride of Africa, Kenya Airways managed to scoop number 14 while Bidco came in at number 22. The report was unveiled by Johannesburg Stock Exchange in partnership with Geopoll, Brand Leadership and Brand Africa.
The Pan-African free trade deal comes into effect, finally.
The African Continental Free Trade Area (AfCFTA) agreement came into effect on 30th May. AfCFTA which aspires to create a conducive trade environment by progressively eliminating tariffs, has been signed by 44 African states so far which potentially makes Africa the world’s largest free trade area by population. This makes it easier for African businesses to trade within the continent, take advantage of the African growing population and hopefully create job opportunities.
‘Make your move’ HELB loan defaulters to HELB.
The Higher Education Loans Board (HELB) last month announced it was giving beneficiaries of the State student loans upto mid-May to confirm their repayment status failure to which defaulters risked to be listed on Credit Reference Bureau (CRB). As it turned out, only 1,879 out of an estimated 67,000 beneficiaries started repaying their old loans.65,000 persons remained unshaken by the threats of the board tottering under the weight of 7.2 billion unserviced loans.
While this could be a reflection of the state of the job market which is unable to create as many jobs as the number of graduates churned by institutions of higher education, HELB’s move to list defaulters on CRB could jeopardize the chances of the loan beneficiaries to secure employment. To put this into context, some (if not most) employers in both the public and private sector require shortlisted candidates to present certificates of clearance from the CRB to ascertain their credit background as an indicator of their integrity. So, lack of a CRB clearance certificate reduces ones employability chances and consequently denies them a means of repaying their Helb loan.
However, it is important to appreciate the importance of repaying Helb loans as it goes back to support other needy higher education students.
What’s your take on these stories?
