The higher power gives us a chance every other sunrise to change our ways, we just don’t take it most of the time and end up thinking that we are forsaken BY JACOB OKETCH It is a very sad moment for me because I am sitting here at the CITAM church along Valley Road Nairobi for the funeral service of my dear uncle who succumbed to cancer. I am keenly aware of relatives and friends surrounding me, something I could not do when I was drinking. I can notice the pain of my cousins and their mother and I am…
Author: NBM CORRESPONDENT
BY JENNY COETZEE The fourth Industrial Revolution is resulting in schools having to relook the way they are educating not only their students, but their parents as well. Kenyan parents have rightfully shown caution over the introduction of digital devices in classrooms. Many schools have noted the concern about the potential negative effects of computer use and have taken a carefully considered route in the introduction of bringing devices to school. This takes place only when parents and children have been educated in the safe usage of such devices. In both the Cambridge-based curriculum (IGCSE) and the Competence-Based Curriculum (CBC)…
Insights for regulating a rapidly growing and dynamic digital economy in Kenya BY CHRISPIN BOSIRE A digital economy is one based on digital technologies or, more broadly, as the entirety of sectors that operate using digitally enabled communications and networks leveraging internet, mobile and other technologies. When, in 2019, Kenya launched the Digital Economy Blueprint, President Uhuru Kenyatta held the opinion that the current and growing digital world presents a future of immense possibilities. He asserted that with every passing year, new technologies and services are emerging and as digital technologies become the cornerstone of our daily activities, governments, businesses…
Student housing, or purpose-built student accommodation (PBSA), refers to housing that has been designed specifically to meet the demands and requirements of the modern-day student. The concept has gained much traction globally and has become a mainstream investment class asset gaining more attention from institutional investors especially in developed European markets and the United States. It is driven by the huge student enrolment numbers and a failure on the institutions’ part to provide accommodation that is commensurate with the increase in student enrolment populations. The US market, for instance, registered 19.8 million students in 2019, of which 1.5 million were…
Currently, Covid-19 has spread to over 104 countries with major economies such as Italy, Japan, South Korea, France, Spain, Australia, and the US reporting thousands of cases of the virus within their borders, and deaths. The first case of infection within Kenya’s borders was reported on the 13th of March 2019. The impact felt in the local financial market mirrors what has equally been witnessed in the global setting. The uncertainty brought about by the disease, more so with World Health Organization (WHO) declaring it a pandemic, has seen investors selling-off risky assets such as equities in favor of safe havens…
By Alexandra Sutton As with every other industry, insurance is becoming more technologically advanced (which some call disruption) by the day. That said, the transformation happening, analysts say, is much too slow. There are several reasons for this, but one that may or may not surprise you is that insurers are struggling to attract and retain top-talent despite insurance being a multi-trillion dollar, high-growth industry. In the last three years, insurtech funding has increased by 60% in the US (from $1.46 billion to $2.44 billion according to CB Insights), while it’s more than tripled in Asia (from $140 million to…
BY GAD WESONGA The United Nations defines disaster as a serious disruption of the functioning of a community or a society. It involves widespread adverse human, material, economic or environmental impacts, which exceed the ability of the affected community or society to cope using its own resources. Disasters come in different forms. These include natural occurrences such as floods, hurricanes, earthquakes and volcanic eruptions. Others are environmentally related such as technological or industrial accidents involving the production, use or transportation of hazardous material that occur where these materials are produced, used or transported. There are also disasters related to irresponsible…
The great thing with high growth companies is that they work out business action plan to progress. Through technology and innovation, it is always easy to come up with ways to achieve more. And whether things go according to plan depend on who is on the driving seat, and the value they add. This is what technology giant, Microsoft Corporation, might be embracing to reach higher heights. The company has appointed Kendi Ntwiga – Nderitu as the new country lead who will be taking over the mantle from Sebuh Haileleul. Having served as the general manager of the East, West…
Investors are now actively seeking ‘new world’ sectors and companies as the world readjusts to life with coronavirus and looks ahead to an economic recovery. The assessment is given by Nigel Green, the chief executive and founder of deVere Group, one of the world’s largest independent financial advisory organizations with operations in 100 countries. “Every economic downturn creates a new normal. The one being triggered by the coronavirus pandemic will be the same. The Covid-19 impact has hit firms across the world – there’s been immense international disruption – with many sectors experiencing major issues of supply, demand, or both. “However…
As technology in aircraft production increases other sectors of the industry like ground support infrastructure and services like fire cover must also be upgraded to meet industry demands The Kenya Airports Authority (KAA) has commissioned four new airport rescue and fire-fighting trucks acquired at a cost of Sh369m. The four trucks are destined for use at the Moi International Airport (MIA), the Kisumu International Airport (KIA), the Eldoret International Airport (EIA) and Lodwar Airport. The firefighting trucks are in addition to two which were commissioned in March last year and at the Jomo Kenyatta International Airport (JKIA) as part of the…