Nation Media Group CEO Stephen Gitagama. Photo: Nation Media Group. Combined, these factors have led to depressed consumer spending and increased cost of doing business," the company said. Nation Media Group Issues Profit Warning. Photo: Nation Media GroupSource: UGCThe company further stated that mitigating the incremental costs by passing the increased costs to consumers by increasing costs is not feasible in the industry.

Source: Daily Nation October 31, 2023 12:12 UTC