By David Wanjala Nairobi has remained a shell of its usual self during the day and a ghost town at night. Being Kenya’s capital and its heartbeat from where the rest of the country draws her life, it is an indication that indeed the entire nation’s economy is on its knees. The otherwise bustling and vibrant streets are agonizingly slow, with crestfallen faces of a workforce that is evidently worried of the uncertainty of their very survival. A city that has always been up and running as early as 3:00am, 24/7, now wakes up as late as 6:00am. You can…
Author: NBM CORRESPONDENT
KCB Group has reported a 40% drop in net profit for the first half of 2020. The huge drop follows the effects of the Covid-19 pandemic that have hit hard the global economy. This comes after the lender posted Sh7.6b in after-tax profits for the first six months of 2020, marking a 40% decline from the Sh12.7b in 2019. The lender attributed the dip to increased provisions in the wake of higher credit risk due to the Covid-19 pandemic. KCB boss Joshua Oigara said “The March to June period has been the most difficult quarter for nearly ten years at the…
Traditional KPIs are sometimes narrow in their focus: they might not catch the real issues affecting business performance, may focus only on one dimension, or might not be useful for making predictions about the future BY NIKKI SUMMERS We all know how the coronavirus pandemic has brought uncertainty to people’s lives and business’s operations throughout Kenya over the course of the year. We also understand that Kenya’s economy is likely to remain under pressure for some time. In these uncertain conditions, business planning based on accurate and up to date information is even more important than it usually is. Businesses,…
BY JACOB OKETCH This is a book you will want to read if you are deeply disturbed by the cancer of corruption and how it has ravaged the African continent. It is a detailed account of how the continent has been and continues to be exploited by global business leaders and rapacious leaders who have abandoned the quest to improve the lot of millions of Africans living on less than a dollar a day. Much focus on matters corruption has too often put the lens on public servants who plunder state resources. In fact, political leaders have borne the brunt…
BY JACOB OKETCH To be an alcoholic is to be dependent on alcohol. That is, without alcohol, you cannot effectively function as a human being. You are not able to perform the normal functions expected of a person. These may include, work, leisure or even sex. It means that you must induce yourself with liquor to be seen to be doing anything meaningful. Without it, you cannot perform as simple a task like just conversing with someone freely. To be an alcoholic is to be forgetful. It is legendary how alcoholics can actually forget an entire scenario in a bar,…
In Angola, for instance, for as long as the emergency measures remained in force, appeals and enforcement of consumer credit contracts, and in the case of mortgages, evictions, are prohibited BY CHRIS BAIRD AND JAMES KAMAU Nowhere in the world will the global humanitarian challenge of COVID-19 be felt more acutely than in Africa. In a continent of approximately 1.2 billion people, almost all of its 54 countries have confirmed cases of coronavirus, with numbers likely to continue rising into the future. While a number of African governments have moved quickly to introduce some of the most stringent lockdown restrictions,…
Infinix, a premium online-driven smartphone brand designed for the young generations, and Infinix NOTE 7, a newest smartphone model targeting the mid-to-high end market segment, comes in with a 6.95”HD Infinity-O display, the biggest Infinity-O display ever from Infinix; MediaTek Helio G70 CPU performance, ideal for elite mobile gamers; a 48MP Quad AI Camera, boasting the highest pixel count in its price range; industry leading 18w super charge 3.0, and XOS 6.0 operating system based on the latest Android™ 10 system, elevating global users’ smartphone experience to a whole new level. Launching the NOTE 7 is a key milestone for…
BY ANDREW BOURNE Over the past few years, tech-savvy customers and younger, more dynamic, employees have forced businesses in all sectors to completely change their way of operating. But with that transformation has come an unprecedented threat in the shape of the harvesting and misuse of personal data by technology vendors. For their part, customers expect every company they interact with to use technology in a way that makes their lives simpler and more efficient. After all, if they can change insurers or buy groceries with a few taps of their smartphone, why shouldn’t they be able to do the…
The challenges in Africa’s digital space, as unveiled by the pandemic, have been percieved to be slowing down the expected utilization of technology on the continent however, the awareness of these problems present endless opportunities BY OPEOLUWA RUNSEWE It is no news that the outbreak and proliferation of Covid-19 have had some of the most acute implications on global economies in recent times; the vast majority of private and public institutions has been put on edge and is being forced to mitigate these unforeseen contingencies by adopting the swiftest and most dynamic mechanisms. Gradually, the virus has spread to 188…
BY VICTOR ADAR Enterprises that seek to bring social change in communities are known to receive mentorship from moguls and as always end up scaling, and creating sustainable jobs. The fact that picking an area you are comfortable venturing in is enough to be on the right track, it is better to have an internal drive and a bit of focus. With various inventive technologies available in the world, those who are ready to jump into the ring are truly spoilt for choice. One can accelerate access to credit by creating affordable and efficient money lending app, delve into healthcare,…
