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Business Monthly

Reducing the effect of disturbances during construction

Construction can hurt busi- nesses badly, leading to a drop in sales as great as 40 per   cent,  as   access roads get blocked to premises, goods vehi- cles struggle to get in and out, and customers presume businesses are closed for the duration, or simply cannot see a way to get in. Such hindrances are a global phe- nomenon, with ...

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Ad blockers shaking up the industry

The advertising industry in Kenya has been on the move in recent years as the demand for print advertising has declined, with marketers shifting to online platforms as a way of reach- ing their target audiences. But marketers now face a new challenge, as global consumers adopt ways of blocking these very same digi- tal advertisements and campaigns. “In Kenya, ...

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Farm machinery is the new driver for asset financing

Kenyan banks are moving to expand their lending base, previously domi- nated by loans to for- mal sector employees, by moving to finance farmers’ equip- ment purchases, as one of the ways of capturing the growing agribusi- ness sector. Traditionally, banks have held a minor position in financing agribusi- ness, providing just 14.2  per  cent of the sector’s finance, compared ...

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Embracing new technology for affordable housing

Kenya’s lack of low cost housing has been decried for decades, yet develop- ers still seem as stuck as ever  in  delivering truly cheap homes. Elsewhere in africa, however, the story is different, with countries such as South africa and Ghana now forging ahead with low cost projects.   In South africa, the moladi housing technology system has emerged as ...

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Kenyan internet fastest in africa

Kenya’s Internet was last month ranked the fastest in africa, with an aver- age speed of  15mbps,  at a time when research shows that faster Internet speeds can save employees as much as one week a year in productivity. The speed ranking by content delivery firm, akamai, confirms an emerging Internet lead for Kenya that now looks set to create ...

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Kenyan businesses struggling to stay afloat in south sudan

Businesses in the world’s youngest nation are strug- gling to survive in the face of hyperinflation, the deval- uation of the South Sudanese Pound (SSP), insecurity and drought, which together are making the country into a fiercely difficult operating environ- ment. The cost of commodities and services has climbed sharply in South Sudan, with the cost of living esti- mated ...

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Effects of Brexit starting to be felt

Kenyan agricultural exports have been an early victim of the UK’s vote to leave the European Union, and the consequent slump in the value of the British pound. Producers, however, argue that Brexit could yet deliver gains for Kenya, as the UK seeks to source more from africa as it becomes more isolated from its European neighbours. a post-Brexit vote survey ...

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Giving meals to staff at the workplace

Giving meals to staff is emerging as a fast  track  to a happier, more produc- tive  company.  In  a survey conducted by Peapod, an online gro- cery-delivery service, it was found that companies that provide free meals to their staff have happier employees. “Fifty-six  per  cent  of  the   full time employees we surveyed said that they were extremely or very ...

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Leading Kenyans to shared prosperity

It is much easier to divide people than to unite them, to erode trust between them than to develop it. more so in a generally low-trust society such as Kenya’s – as con- firmed by our unimpressive score on trust levels within the recent World Happiness Report. Not surprising perhaps, where much of our society is not only unusually individualis- ...

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KBA’s PesaLink links 2 million bank customers

A total of 2 million bank cus- tomers have signed up for the newest money transfer service, PesaLink  owned by the bankers’ umbrella body; Kenya Banker’s  association (KBa). The milestone has been achieved barely two months after the initia- tion of the service by local tech firm Financial Technologies (FinTech) solutions delivery firm Integrated Payment Services Limited (IPSL) a company ...

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