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Business Monthly

Ethiopia to play greater role in East Africa

For a long time, the East African region has been synonymous with Kenya, Tanzania and Uganda, though   the   East African Community trading bloc also includes Rwanda and Burundi. Ethiopia has largely been a marginal player. This, however, is changing. The nation of 95 million citizens is becoming increasingly involved in regional matters. It is a cardi- nal player in maintaining ...

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Vital governance lessons after Pope Francis visit

It is undeniable that the great- est threat to the stability of businesses and even the   government in Kenya is poor governance. This is something that has received significant mention from local and global leaders, includ- ing none other than Pope Francis, the leader of the Roman Catholic Church. His November 2015 visit to Kenya offers a chance to deeply ...

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Vivo’s ambitious expansion strategy

There are a total of 97 oil marketers in Kenya. Out of these, however, it is Total and Shell, the mar- ket leaders, which are most cumulatively controlling about 40 percent of the entire mar- ket, according to industry data from 2014. Although Total has a 20 per- cent market share, compared with Shell’s 19 percent, the latter has been ...

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Victory for the WTO,Trade and for Africa

When all was said and done, the Nairobi Ministerial Conference will undoubtedly be remembered as one of the most successful since the creation of the WTO in 1995. Amina Mohamed, who is the Cabinet Secretary for Foreign Affairs and International Trade and was the Chairperson of the 10th WTO Ministerial Conference, stated that they were able to do more than ...

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KENYA REAL ESTATE MARKET REVIEW

The Real estate market of Kenya has been under a microscope for the last years. All interested parties trying to identify the opportunities as well as the risks involved in the market, and of course everyone is trying to make the right speculation concerning its future. Several companies and organizations are trying hard in order so as to create market ...

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Banks mull new options as growth slows

Kenya’s banking sector is going through a phase of sluggish growth. In the six months ended June, the sector’s overall profitability grew at the slowest pace in six years. In light of this increasingly tougher operating environment, banks have been compelled to look at new ways of making money. BUSINESS MONTHLY compiled this report. The combined profit of the 43 ...

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Insurance: Mergers and acquisition way out of trouble

Kenya’s insurance sector is going through a prolonged period of weakness. The insurance industry tends to grow in step with the broader economy. The recent slowdown in the economy has therefore made growth harder for insurers. Similarly, the problem of fraud still persists and earnings have generally declined across the sector. The Insurance Regulatory Authority (IRA), however, expects that the ...

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TRADE

Investing in a sustainable world As the world transitions from the 8 Millennium Development Goals (MDGs) to the 17 Sustainable Development Goals (SDG), a new challenge has emerged for businesses, economic planners and policy makers. How can investment be made in a manner that reflects the world’s commitment to sustainability? United Nations Conference on Trade and Development (UNCTAD) recently published ...

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Mombasa: Africa’s gateway

No other place has played a bigger role in shaping the history of Kenya and indeed East Africa than Mombasa. While the coastal city has assumed multiple identities over the centuries, it is its identity as a trading hub that has remained constant over this long period. In more recent times, however, attention has shifted to Nairobi, the capital, due ...

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Kenya’s expanding online market place

Kenya has one of the highest internet penetration levels in Africa, with around 16 million of its 40 million citizens enjoying access to the worldwide web. Consequently, the internet is no longer just a tool for discovery for Kenyans, but also a thriving online market place. Individuals and brands are using the internet to sell goods and services. Similarly, some ...

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