Creative sparks flew from the moment Jessika met the Tanzanian research assistant assigned to help her with her PhD about the Maasai people. Jessika Nilsson, who spent much of her childhood in Tanzania, and Loserian Laizer, a Maasai elder, quickly formed a friendship that would evolve over time into a business partnership designed to spread the economic benefits of safari tourism. “Loserian had been in tourism for almost 20 years as a ranger and as a tourist guide when we met. We were together all the time doing research for my PhD. We met so many tourists and people in…
Author: Nairobi Business Monthly Reporter
DISCOP Markets, the largest and most reputable content markets across the African continent, is excited to announce a brand new service and innovation in response to the needs of both buyers and sellers of content from Africa and the Middle East. As a way to boost interaction between buyers and sellers before, during, and in-between the four annual DISCOP Markets, DISCOP CLUB is a digital interface and customized service tailor-made for buyers who now can enjoy the ease of having a digital catalogue featuring relevant information and videos for each property offered by DISCOP registered vendors. Registered buyers can also screen full-length versions or…
With the potential of wind as a better way to reduce costs of power in modern times acknowledged, experts say there are important things Kenyans need to know. According to the Lake Turkana Wind Power’s (LTWP) director Rizwan Fazal, the current negative narrative around the cost of energy will only change once all their 365 turbines start to supply power to the grid. By October 9, Mr Fazal points out, there were 225 wind turbines, and the company generated 147 MW thanks to 187 turbines running by end of October. While at a media briefing on the progress of the…
The Nairobi Securities Exchange (NSE) has struggled to attract new listings, having only raised Sh4.2b in two initial public offers (IPO’s) in the last 5-years, with one each in 2014 and 2015 by NSE and Stanlib Investments, respectively. Currently the bourse has 64 listed stocks with a total market capitalization of Sh2.16tn, of which Safaricom controls 44.0% market share. The Capital Markets Authority (CMA) has raised concerns that Kenya has been unable to achieve its projected listings targets as articulated in its Capital Markets Master Plan, which envisions at least four listings on the NSE every year. CMA has also noted that…
Judgment (abridged) of the Supreme Court of Kenya by Justice Smokin Wanjala delivered on October 5, with whom Maraga, CJ & P, Ibrahim, Ojwang, & Njoki, SCJJ agree, being an appeal from the Court of Appeal between Isack M’inanga Kiebia, appellant and Isaaya Theuri M’lintari and Isack Ntongai M’Lintari, respondents On its way to dismissing the appeal and affirming the High Court’s Judgment, the Court of Appeal made what we consider a pronouncement of jurisprudential import. The Court stated thus: “Unless a trust is proved, the respondents have neither possessory nor occupational rights that can be protected as overriding interests……
The NSE market has grown since its registration in 1954 under the Societies Act (1954) as a voluntary association of stockbrokers charged with the responsibility of developing the securities market and regulating trading activities, with the most recent developments being: The introduction of the Growth Enterprise Market Segment (GEMS) in 2013 with the intention of providing more options for SMEs finance, especially long-term funding, by use of favourable listing requirements tailored for SME’s. Currently the segment has five listed stocks, with four having listed by introduction, and one through cross listing; The introduction of NEXT, which is the Nairobi Securities…
BY GILBERT NG’ANG’A Kenya’s financial sector is set for an unsettling future arising from a new regulatory environment that has tightened the operating space. This is likely to test the versatility of the emerging financial technology (fintech) frontier that has been touted as the future of financial services. The Finance Act 2018 and the proposed Financial Conduct Bill, 2018 will redefine the financial services sector, forcing financial institutions and telcos to rethink their game to remain competitive, analysts say. The Nairobi Business Monthly takes a look into the future of the financial services sector under the new operating regime. The…
BY DAVID ONJILI It is self evident that Kenyans are currently going through tough economic times. Job losses, delayed salaries, higher taxes and escalated cost of living are the mare a majority has to put up with. This unprecedented cost of living has not been met by a resultant increase in basic salaries or minimum wages and thus it is time Kenyans really learnt to make do in these harsh times. Frugality must not be confused with being misers or cheap slates. It is time to assess your expenditure budgets with some magnifying glasses. Like any budget, the income and…
BY DR KELLEN KIAMBATI Today, more than ever before, we live in a world faced with enormous social challenges. Recently, the world marked one of the greatest milestones with seven billion people. Out of this total population, 1.8 billion are youth aged 10 to 24 with 90% of them living in developing countries. Research has shown that this generation is the most interconnected and the challenges they face are ever more daunting. It is important to deal with these challenges so that institutions can address them as they frame the stakes of youth policies and programmes. Political ideologies: Young people…
BY KOSTA KIOLEOGLOU Real estate market and a country’s economy are directly correlated and affect each other. For sustainable real estate growth to be achieved, a strong economic environment with positive economic data is required. Equally, real estate investments and prices are good measures for reflecting economic trends and serve as good predictors of economic growth. To see the future of a real estate market, one should start by looking into the country’s economic data. This helps to understand the potential growth or possible shrinkage of a market. Economic growth leads to an increase in affordability within the lower and…