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Business Monthly

Why social Media Day 2016 was relevant for Kenya

June 30th 2016 marked the  world’s seventh social media day, an annual event commemorated globally   that   is   quickly   gaining traction after being launched by lead- ing tech blog Mashable in 2010 as a way to recognize and celebrate social media’s impact on global communi- cation. For Kenya, there was no better time to take stock of the huge impact social ...

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Taxman’s bold strategy needs innovative approach to implement

In   light   of   increased   pressure   to collect more revenue, the Kenya Revenue authority has set its sights on   the   informal   sector,   which   is colloquially known as the  Jua  Kali  sector. It  is  also  seeking  powers  to gain unfettered access into taxpayer mobile and banking records to smoke out cheats. However, implementing this bold strategy will require more  than  just a ...

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Budget 2016/17: Key highlights

Kenya’s sh2.26 trillion 2016/17 budget, which was read in parliament in June, was more definitive    than    any     other before it. Not only was it the largest in the country’s history, but it came right before an election year.  the  pressure for the incumbent government to avoid stepping on the wrong toes was palpa- ble. Likewise, the pressure to balance the ...

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New vehicle assemblers need more support

Assembly of new motor vehicles declined in the first quarter of 2016 by 35.3 per cent. this decline is alarming as  motor vehicle assembly is the only path through which Kenya will  transition into a motor vehicle manufacturer and ultimately get a step closer to becom- ing  an  industrialized nation. Despite the general weakness in vehicle assembly in the first ...

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Education reform key to Kenya’s industrial future

Kenya has prioritized industrializa- tion as a key component of its broader development agenda, including  laying  out  an  elaborate and ambitious Industrialization blueprint. as compelling as this plan may be, its successful implementation will in a fundamental way be contingent on the strides Kenya makes in reforming its educational system, putting the spotlight on the country’s top intellectuals and thinkers. ...

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Budgetary support not enough to prop up tourism sector

Tumultuous doesn’t  even begin   to   describe   the state of  Kenya’s  tourism  sector in the years following its 2011 peak. although tourism sector stake- holders have tried to put on a brave face—as well they should—they have not been able to elude the reality that things are tough. Over the past half-decade, the tourism sector has recorded a sus- tained decline ...

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looking at corporate governance in Kenya

Corporate   governance   as   an academic study is  a  highly  dynam- ic field. although its fundamen- tal    principles   are   immutable, the manner in which different scholars approach it varies greatly. Consequently,  the implications for industry (directors and managers)  also vary. scholars generally agree that corporate governance involves the processes, policies, structures and actions employed by  a  board to oversee and monitor ...

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Used car dealers bullish about future

Kenyan used car dealers are exceedingly bullish  about the future, projecting an 80 per cent bump in sales in  the   remaining   six   months of the year. this positive sentiment is timely as it comes at a time when the used car business has slumped. It also raises interesting points for consider- ation, such as the role of used cars in ...

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understanding Kenya’s used car market

Kenya is africa’s biggest importer of used  cars  and is ranked the fourth  larg-  est    market    globally     for the lucrative Japanese used cars, according to data from Japanese used Motor Vehicles Exporters association   (JuMVEa).   JuMVEa was established on september 14, 1995 and formerly recognised by the Ministry of International trade and Industry of Japan on June 1  1997. the purpose ...

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