BY DRs SIKOLIA WANYONYI, OSE KAMENWA & MARY MATHENGE Breast milk is the best food for a newborn baby. No commercial-made baby formula, or any other food, or drink can match breast milk. The World Health Organization (WHO) recommends that babies should be breastfed exclusively for the first six months and thereafter continue breastfeeding supplementing with complementary feeds until the baby is two years and beyond for optimal growth and development. The theme for this year’s World Breastfeeding Week “Empower Parents, Enabling Breastfeeding” calls for empowerment of parents to achieve exclusive breastfeeding right from conception. However, the prevalence of exclusive…
Author: Nairobi Business Monthly Reporter
The increased sophistication of online fraudsters is a growing risk to Kenyan businesses and the customers they serve – and businesses that fail to protect their consumers from fraud will ultimately disappear. That’s the warning from Billy Owino, CEO of TransUnion Kenya, who says that with more than9.5 million e-commerce users in Kenya, Kenyan businesses increasingly need to combine top-notch security with a great customer experience if they are to protect their customers and thrive in an increasingly digital world. TransUnion is a leading global risk and information solutions provider to businesses and consumers. The company provides consumer reports, risk…
BY ANTONY MUTUNGA As tech evolves, so do hackers and cybercriminals who find new ways to exploit these new technologies. Increased popularity of cryptocurrencies, for example, has led to the rise of crypto jacking. Most organizations are now focussed on ensuring they are safe from these new cyber risks. Only a few, however, ensure they are fully secure from all cyber-threats. Despite the caution that they need to spend more in terms of cybersecurity, most organizations have failed to do so. In fact, according to International Business Machines Corporation (IBM), only 38% of global organizations claim to have the right…
BY C. M. Rubin “We have invented an extremely powerful way of learning which was not previously possible and the implications can be colossal.” – Christopher Williams Christopher Williams says he initially created Chatta for families of 2 and 3 year-old children to promote “interaction and storytelling.” He’d been commissioned to address the growing issue in the UK, of children starting school well behind in their communication and language development. The Chatta approach was developed based on research with thousands of children in hundreds of schools. The method caught on quickly and began having an impact not just in the…
The semi-finalist judging panel for this year’s Africa Netpreneur Prize Initiative (ANPI) have been announced. The ANPI is a prize competition for African entrepreneurs spearheaded by the Jack Ma Foundation. For the next ten years, the ANPI will be hosted across Africa culminating in an annual finale where ten finalists will compete in a pitch competition. The ANPI aims to support and inspire the next generation of African entrepreneurs across all sectors, who are building a more sustainable and inclusive economy for the future. Applications for the first ANPI officially closed 30 June 2019 and nearly 10,000 applications from 50 African…
BY VICTOR ADAR George Njuguna Nyutu was once a village boy who developed a passion for tours while still in campus. Holding a Bachelor’s degree from University of Nairobi and a diploma in Information Technology, he would work as a systems administrator in an insurance company before he found a home in self-employment. Mr Nyutu, who is now managing Bella Safaris, a tour and travel company that provides both local and international travel services and hospitality to corporates, individuals, couples and even groups, started his entrepreneurship journey in earnest in 2015. Back then, it was all of a courtesy car…
With the advancement in the real estate sector, as well as the various challenges facing the traditional funding methods in the sector, there has been a need to diversify the capital raising methods. This has given rise to innovative ways of funding. Of these new real estate funding options, structured real estate investment solutions have gained the most traction. They are solutions that are packaged by investment professionals to enable an investor access a return, supported by the performance of real estate, in a form that meets an investor’s needs. Structured products tend to have the following characteristics; They involve…
BY BRETT LANCASTER The financial sector is arguably one of the most interconnected worlds — and a clear target for cybercriminals. The World Economic Forum (WEF) has cited cyberattacks as a top global risk for several years running and its analysis shows that, across the globe, the good guys are not winning the fight. In recent years, threats against the financial industry have become more organised, sophisticated, and global than ever before. In early 2016, Bangladesh Bank famously became the victim of a cyberattack that resulted in an attempted theft. While only a fraction of the funds were stolen, the event…
Personal financial planning is a systematic approach towards managing one’s finances in an effort to maximize the use of these resources in order to achieve one’s financial goals and objectives. It is allocating resources optimally so as to realize one’s financial goals. Having a sound personal financial plan helps reduce and possibly eliminate financial distress arising from various responsibilities and unexpected situations. Financial planning, to a large extent, depends on one’s age, the responsibilities at hand, and future objectives. Personal financial planning is a continuous process that can be achieved through the following steps: Assessment This is the first step…
BY NBM WRITER T he National Transport and Safety Authority (NTSA) has been on a journey to transform the transport sector. First came the alcoblow whose lifespan was cut short through a court order. Recently, NTSA launched the use of the smart driving license to pay traffic violations fines instantly. The smart driving license is equipped with a wallet from where the driver will access funds to pay instant fines for the penalties ranging between Sh500 and Sh10, 000, which include speeding, riding motorcycles without protective gear, failure to fasten seat belts, pedestrians blocking free passage of cars, driving on footpaths and…