Author: Nairobi Business Monthly Reporter

The Government has decided to change its market regulations by giving the Nairobi Securities Exchange (NSE) a go ahead to introduce short selling in the market. This is aimed at boosting liquidity and diversifying the bourse’s services in a bid to attract more investors. Short selling or shorting refers to the sale of a security, which is not owned by the seller at the time of the transaction but rather is borrowed or rented, only to be bought back by the seller at later time in order to repay the lender. The activity is motivated by the belief that the…

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Kenyans now have a chance to take control of their power bills by adopting a solar grid-tied electrical system and harnessing the power of the sun. The innovation by Kenya’s leading water and energy solutions company Davis & Shirtliff is designed to help users who adopt it reduce their electricity overheads. With the fluctuating power bills for not only households but offices and industries as well, the solar grid-tied electrical system that is semi-autonomous in design will ensure users save on power by taking advantage of the sun when it is available. “The main benefit of this system is the…

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The 2018 Global Talent Competitiveness Index (GTCI) report has found that Switzerland still leads the way in terms of talent competitiveness, followed by Singapore and the United States. In general, European countries continue to dominate the GTCI rankings, with 15 in the top 25.  This year’s edition also revealed that the top ten countries have several key characteristics in common and share one major feature: they all have a well-developed educational system providing the social and collaboration skills needed for employability in today’s labour market. On further examination, there are several other characteristics in common between the top-ranking countries: A flexible regulatory and business…

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Guangzhou Automobile Company (GAC Motor), one of the top five biggest Chinese automobile manufacturers, has secured the exclusive rights for the flagship FORBES AFRICA television show, My Worst Day with Peace Hyde. The partnership comes after the successful launch of the first season, which profiled some of the leading business moguls including Aliko Dangote, Folorunsho Alakija, Tonye Cole, Herman Mashaba, Emir Sanusi Lamido Sanusi among many others. “We are very pleased to have this new partnership with GAC Motor. The show has one of the highest viewerships on the Pan-African business channel, CNBC Africa and has set the benchmark as the…

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Global cybersecurity services provider, ESET, has warned that the ransomware menace is likely to continue in to 2018 with further growth in incidents and risks following an increase in, and sophistication of, cybersecurity incidents in 2017.    According to a 2018 cybersecurity trends report named “Cybersecurity Trends 2018: The cost of connected world”, released last month by security experts at ESET, many companies are still prepared to spend large sums in ransom payment as opposed to investing in their cyber defenses. The report focuses on ransomware, attacks on critical infrastructure, malware and combating criminal activity, as well as the cyber…

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The President of the African Development Bank Akinwumi Adesina, has made a compelling case for accelerating Africa’s industrialization in order to create jobs, reduce poverty and promote inclusive economic growth. Citing data from the Bank’s 2018 African Economic Outlook launched in Abidjan, Côte d’Ivoire, last month, Adesina said infrastructure projects were among the most profitable investments any society can make as they “significantly contribute to, propel, and sustain a country’s economic growth. Infrastructure, when well managed, provides the financial resources to do everything else.” Noting that economic diversification is key to resolving many of the continent’s difficulties, he urged African governments to…

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By David Wanjala Traffic congestion in Nairobi City costs the economy upward of Sh37 billion annually according to an interim report by Nairobi County’s Transport and Urban Decongestion committee of 2014. The report attributed this to poor planning of the city, which did not factor in a steady increase in population and vehicles on the road. But the effects of long, unending traffic jams are not only felt in terms of the GDP. Think about a lactating mother who has to be up by 4:30am so as to leave for the city from Kitengela, Rongai or Ruai by 5:15am, to…

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BY ANTONY MUTUNGA Most of the time that protesters have taken to the streets to have their voices heard has usually resulted in disaster as some people take the opportunity to cause chaos. These hooligans end up stealing, causing damage to property and in worse cases they injure innocent bystanders. However out of all the victims affected by demonstrations, one victim is usually given less thought whenever things are back to normal; the transport networks. Over the years, protests have left roads in bad conditions as protesters end up vandalizing road infrastructure furniture and setting fire on the roads. For…

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“It is our right to do business. It is our right to make sure that the people who bring scrap metals to us are fed. Scrap is a cash business. When you bring us the scraps we give you cash, this motivates them to go bring us more. So without this trade, how will they earn a living if not indulge in crime?” Former Embakasi East MP Mr Irshad Sumra, who is also the chairman of the Kenya Scrap Metal Association (KSMA) in 2013 defending his association after the then Nairobi Governor, Dr. Evans Kidero had banned the trade in…

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BY BENARD AYIEKO Africa – home to seven of the ten fastest growing economies as ranked by IMF indicates that the continent performed better economically compared to other regions of the world. This is largely attributed to the continent’s increased regional mobility, rapid urbanization and population growth – leading to increased demand for manufactured products and services.  Most developed countries recorded mixed fortunes in their socio-economic and political front ranging from depressed economic growth, political fragmentation and polarization, among others. Some economies recorded accelerated growth such as; Nauru, Ethiopia Turkmenistan, Qatar, China, Rwanda and Ghana which registered a percent growth…

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