[ad_1]
– State broadcaster reportedly faces huge debts and mbadive losses
– Recurring monthly expenditures estimated at 180 million KSh, double what it generates [19659002] – KBC must also repay the loan it took The broadcaster would also have failed to pay 205 million shillings to KRA
– employee payroll deductions and pension contributions were not paid
– Delays in processing and In addition, the Senate Committee noted that the state-funded broadcaster was behind the competition
Kenya Broadcasting Corporation (KBC), the country's oldest broadcaster. once a pioneer in the local broadcast industry, is on the verge of collapse.
Huge debts and mbadive losses threaten to completely cripple operations within the Even though it struggles to recover its lost glory amid fierce competition from private sector players.
Send "NEWS" to 40227 to receive all important news of last hour
The Kenya Broadcasting Corporation (KBC), most of whom are correspondents, pay seven months. Photo: Kahawa Tungu.
Source: UGC
ALSO READ: KBC employees paid a portion of their salary the day after TUKO.co.ke exposed
appearing before the Senate Committee on Information Technologies and Information Technology. Communication (ICT) On Tuesday, July 3, KBC officials admitted that the company was experiencing a major financial crisis
The committee, chaired by Baringo County Senator Gideon Moi, learned that KBC has not not yet discharged its debt from the Overseas Economic Cooperation Fund. READ ALSO: Citizen TV Swahili anchor Swaleh leaves the station amid allegations of receiving bribes from politicians
Officials also revealed in the Senate They had not yet paid 205 million Kenyan shillings to the Kenya Revenue Authority (KRA) and had not remitted their deductions to savings and credit cooperatives (Saccos) and even pension contributions.
The recurrent monthly expenses of the company, revealed the officials, were 180 million Kenyan shillings, which is twice what the broadcaster had generated in a month
ALSO READ: List of all channels in Kenya
who are correspondents, also spent months without receiving a penny in their bank accounts.
TUKO.co.ke had previously exposed the serious wage crisis to KBC, after which the senior officers of the corporation were forced to move into action in what seemed like a desperate attempt to save face.
After seven months of hard work without pay, between November 2017 and June 2018, some 77 employees received a temporary stay.
Media house disbursed part of its subscription
READ ALSO: We win peanuts – Citizens' television corresponents call for fault, demand better wages
Senate committee members are shocked by reports how KBC managed its finances and resources
KBC officials had trouble explaining why the company had subjected its employees to so much suffering and what they were doing to put money in Order in their affairs
. The media house is not competitive and does little to catch up with the rest of the industry players.
ALSO READ: The moving words of Lulu Hbadan to co-present Kanze Dena after her appointment to State House
officials said that they had put in place restructuring plans that, according to them, will help the broadcaster to become competitive again.
The Senate Committee ordered the beleaguered broadcaster to come back with these restructuring plans and to be ready to convince the House why the taxpayer should continue to fund the corporation.
Do you have a story or a scandal? You want us to publish, please join us via [email protected] or WhatsApp: 0732482690 and Telegram: Tuko news.
Joab Okeya: How Tuko Improved My Business – on Tuko TV
Source: Tuko.co.ke
[ad_2]
Source link
