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Tuesday, September 29, 2020
Kenya

How local supply chains might take off in Kenya

Set out in an open field in Nairobi’s plush Karen estate ‘The Waterfront’ was the next frontier for shopping malls in Kenya, they had evolved. Just a few years ago, a mall’s biggest attraction was probably an escalator, ridding through rising floors of shops of every kind selling all manner of things. They were squeezed within the city and Nakumatt...
Huawei Graduates

Online learning offers fully baked graduates

Kenyan employers have always reproached academia for half baked graduates who come out of school without the practical know-how required in the job market. The classroom has been stuck in instructive theory far removed from everyday life and hands-on experience. The problem may be magnified by changing technologies which are being revolutionised each minute and by the time a curriculum gets...
Tuju

The Pain of banking politically exposed persons

Defaulting politicians are becoming a headache for banks. Their mix of political power, wealth and influence is every banks nightmare when enforcing a contract . Regional lender East Africa Development Bank (EADB) is getting a full view of how murky this can get in Kenya. Armed with a favourable ruling from a UK court to...
Turkana

After oil & water, Turkana is now set to discover the magic of 4G

The Turkana region - otherwise referred to as the Cradle of Human Kind following the discovery of one of the oldest human fossils nearly four decades ago, had remained frozen in time. As the rest of Kenya enjoyed high-speed internet connections and quality calls, calls to and from this part of the country were accompanied by crackling background sounds. The reception...
Banks

Are banks using the pandemic to clean their bad books?

Never let a crisis go to waste; Kenyan banks are not. Lenders are taking advantage of the low expectations from shareholders for dividends and the regulator relaxed rules to clean up their houses to start from a clean slate next year. Despite the Central Bank of Kenya allowing banks to restructure their loans that face difficulties, the top seven listed...
Shilling

Kenyans who earned Sh50 billion from shilling weakness are now cashing in

Kenyans are converting their dollars into shillings to take advantage of the huge windfall over the last eight months where the shilling has weakened from 100 units to 108 units to the greenback. At the end of January, Kenyans with dollar accounts had $6.1 billion whose value has grown from Sh611.2 billion to Sh661 billion, a Sh50 billion increase as a result of the...

INSIGHTS

MARKETS

KCB flat profits makes it a darling amidst crumbling lenders

After Cooperative Bank results came in ten percent lower confirming the dismal performance by lenders, focus shifted to Kenya Commercial Bank which remained resilient. KCB...

Agha Khan fund nets over Sh200 million in Jubilee dividends

Jubilee Insurance top ten shareholders will carry home about Sh335 million in total dividends after the company posted a 15 percent rise in after-tax...

BUSINESS AND MONEY

Acclaimed Assets

Surrendered treasure boxes double at assets authority

The number of unclaimed safety deposit boxes holding secret treasures has jumped 65 per cent over the last two years as banks...
SBM

Chase Bank ghosts now haunt successor SBM

The Ghost of Chase Bank which collapsed four years ago is haunting the State Bank of Mauritius (SBM) which inherited the failed...

JOBS

The World Bank is hiring an associate lawyer.

The Associate Counsel will assist the Senior Counsel(s) in providing legal services to project teams and the Country Management Unit. In this context, the...

Boeing says it will fix a software problem linked to the...

Boeing Co. says it will fix a software malfunction on the Boeing 737 MAX aircraft. The software malfunction has been linked to two crashes...

African teams are not playing as well as they should.

The World Cup has been on for almost a week now here Some of the takeaways so far.  At the time of writing, four African...

Mobile operator moves to nip fraudsters

A few years back, the tranquillity of a Sunday afternoon was taken away when this writer received an unexpected phone call.

OTHER NEWS

Governments are taxing the internet to fund ballooning budgets.

Africa is witnessing a reversal of the wave that swept the internet into public and private spaces cumulating to a declaration more...

The cost of a full trade war on tariffs

In a trade war, everyone loses. According to the United Nations Conference on Trade and Development (UNCTAD), exporters will face higher tariffs regardless of whether they...

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