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Publisher to reward workers with share offer

BUSINESS
By Standard Reporter | March 14th 2016

Moran (EA) Publishers Ltd is looking for a consultant to advise on how to allot shares to senior managers as part of a new scheme to reward loyalty and boost staff morale. This comes as the regional publisher embarks on an elaborate succession plan to steer the performance of the company to a new level.
“Time has come for me to think of transition. In my opinion I want the young people working with me to take the mantle and take this company forward. I’m now exploring the opportunities for my employees particularly the senior employees to own a share of the company,” said David Muita, the company’s managing director, adding that: “This is going to happen this year or next year.”
Muita is the proprietor of the regional publisher after acquiring it from Macmillan Publishers in 2010.
“I want to reward the loyalty of my staff who have worked for me for so many years. This is only an internal arrangement to and an offer to my staff. I’m going to look for people to advise on the best way this should be done,” said Muita.
The company has partnerships in Zambia, Malawi and is eyeing the South Sudan market where it does not have a physical presence but has been trading with clients. The company is now banking on digital publishing and a curriculum review to grow its earnings.

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