BY WILLY MUTUNGA Let me begin by expressing my sincere gratitude to the National Council of Administration of Justice (NCAJ), the Commercial & Admiralty Division led by Justice Fred Ochieng, the Kenya Association of Manufacturers (KAM), and the team working alongside them, for conceiving the idea, that there is need to have a Court Users Committee (CuC) involving stakeholders in the Business Community. CuCs are part of the Judiciary transformation program and they are designed as an accountability forum for better service delivery. I urge all private sector organizations throughout the country to join CuCs within their areas of operations…
Author: Editor
BY VICTOR ADAR Keeping on top of costs of running business, paying salaries and ensuring that money is funnelled back to savings proved difficult for players in the hospitality sector over the past two years. But with festivities now with us, stakeholders are looking at increasing their numbers at a time when the question that many people are asking is how the tourism picture will look like in the next three months or so. Sarova Hotels, Resorts & Game Lodges Managing Director, Jaideep Vohra, who also doubles up as the chairman of the Kenya Association of Hotelkeepers and Caterers (KAHC),…
Financial Year (FY) 2015 is jogging to a close. Managers and executives ponder over priorities for the new calendar year. This involves umpteen meetings with decision makers to lobby for buy-in and consensus. But as one visionary once remarked, “A goal without a plan is just a wish.” Growth and success mean different things to different businesses. Your plans could be as grand as multi-million-dollar turnover in the next three years, or looking to expand across different market segments. Most business goals are backed by incomplete or intrinsic cues, rather than linking to company strategy – inclusive of vision, governance…
To say that we are living in uncertain times is an understatement. Never before has the rate of change been so swift and unrelenting. Business Intelligence, a term that encompasses all the capabilities required to turn data into intelligence, has emboldened companies to strive for the ultimate goal: getting the right information to the right people at the right time through the right channel. The result is an information explosion. New sources, channels, and applications are being created, automated, and accessed every day. This abundance of information and the new opportunities it creates places unprecedented pressure on companies to reexamine…
By Antony Mutunga Imagine being able to own a faction of buildings such as Kenyatta International Convention Centre (K.I.C.C), Sarit centre or Greenspan mall. This dream of many may soon become a reality thanks to the introduction of Real Estate Investment Trust (REITs) in Kenya. As Kenya’s economy grows so does its property sector necessitating the need to innovate and enhance management in the sector to international standards. The establishment of REITs will interest a lot of potential investors to the country, as it is one of the best investments being used in countries like United States of America, United…
By Antony Mutunga The telecommunication sector is one of the most one-sided industries in the country with Safaricom dominating all the other mobile telephone operators. Other operators like Airtel, yuMobile and Orange group (France Telecom) are by far outclassed with Safaricom owning almost 63% of the market share as the rest shared the 37% among themselves, according to Communications Authority of Kenya report of 2014 Things turned south with the exit of Essar’s yuMobile in September 2014 from the market. It could turn for worse. Orange group has also entered a binding agreement with Helios Investment Partners, a UK company…
Although the 2015 Excise Duty Bill is not yet a law but if passed, Kenyans are expected to dig deeper into their pockets. The Excise Duty is currently 20% of the Excise Value. When the Excise Duty Bill is gazetted, the Excise Duty will not be a percentage of the Excise Value, it will be a fixed rate of Sh200, 000 for cars that are over 3 years old from the date of first registration. Cars whose Current Retail Selling Price, as set by Kenya Revenue Authority value is over Sh6, 000, 000 will benefit as the Excise Duty at…
CEO of Access Leo Burnett, Annette Martyres, plays a complimentary role for businesses. Her industry entails the combination of smart strategy and great creative ideas executed beautifully, with an aim of achieving positive results. The latest satisfying thing in her industry is recognition in an international competition that saw them bag medals in October this year. When the Publicis Africa Group, a network that birthed Access Leo Burnett, upped the ante at the African Cristal Awards by scooping African Network of the Year, the Chief Executive touched the sky. They walked away with 16 medals (including one gold) from 50…
Pioneer Gulf FZE has unveiled a new range of car entertainment products as it seeks to increase its market share in Kenya. The 36 new models launched by the company with an aim of tapping into the Kenyan market consist of 23 head units, 12 car speakers and 1 car amplifier. The new products range has fascinating features like dual Bluetooth technology, special head-unit with 3 pre out for matatus and 5 channel Amplifiers. Speaking during the launch, Pioneer Senior Sales Manager, Anwar Hussein, disclosed that the company has a vibrant dealership network that has made Pioneer products available to…
A tour to Olkaria, organised by Kenya Electricity Generating Company Limited (KenGen) for some of its 300 shareholders proves biggest entry point to educate the masses. The lucky lot, who were selected through a raffle draw in November, garnered much needed exposure and had the privilege of seeing a drilling rig, wellheads and the recently completed Olkaria IV in real-time, which together with Olkaria I Additional Units (AU), produce 280MW of geothermal power. The tour is one of KenGen’s initiatives to enhance shareholders’ capacities by increasing their knowledge of the business and strategy as well as the company’s achievements and…