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iGrand Business RadioAdvertising Feature: Business Systems That Win By EinsBrand DigitalIn May 2022, iGrand Business Plans Limited launched Dira La Biashara App 1.0 as part of its commitment to democratize access to business support services. The App has so far been rated as user-friendly, navigable and with real solutions for anyone in business, working or aspiring to be either. In this month’s column, I would like to use this space to give credit to EinsBrand Digital. The agency that supports website, Application and Systems development at iGrand Business Plans Limited. EinsBrand is the agency behind the beautiful brand that iGrand is becoming. It is Gideon, the Creative Lead of EinsBrand wh...2022-07-0602 min
iGrand Business RadioBook Review | THE LEADER WHO HAD NO TITLE – ROBIN SHARMAThis is a modern fable on real success in business and in life. The author delivers his work in a fictional story involving a hero, Blake Davis who is a student to his mentor, Tommy Flinn who then introduces him to four teachers, who teach him profound leadership insights in form of conversations summarized by acronyms. The main theme of the book is summarized by the letters LWT i.e. Lead Without a Title. While titles and structures help to maintain order, each one in any team ought to always assume personal responsibility, by becoming the CEO of their...2022-05-1703 miniGrand Business RadioHealth Column | MARKET INFLATIONS CRIPPLES KENYAN’S FOOD SECURITYMany Kenyans are currently caught in the grip of heightened food prices engendered by the currently market inflations that have steadily been escalating. Kenyans have protested on social media about the high cost of living using the #LowerFoodPrices in vain. They criticize the government for failing to stem the rise in the prices of everyday items. In March, the Kenya National Bureau of Statistics (KNBS) reported a 9.2% food inflation rate, which is predicted to increase further with the increase in fuel cost. This means a greater majority of Kenyans are and will be unable to put food on the...2022-05-1703 miniGrand Business RadioIndustry Review | REMAKING TWITTER & BECOMING ELON MUSKIn the just ended decade, big names in digital media ownership included Mark Zuckerberg of Facebook, Larry Page of Alphabet, Bill Gates of Microsoft and Jeff Bezos of Amazon. These among others in big-tech companies have shaped how information is organized and consumed around the world.They have also added impetus to conversations around data privacy, freedom of speech and e-commerce from their innovative applications such as Facebook, YouTube, LinkedIn and Amazon that bring communities together. These companies have grown their shareholder’s equity majorly from advertisements and selling of data. Between 2011 and 2020, most of these companies were in th...2022-05-1703 miniGrand Business RadioAdvertising Features | THE CHECKLIST FOR CHOOSING YOUR NEXT HOMEWhat questions do you ask yourself when buying chocolate or a favorite snack? Are you fascinated by the colour, packaging, taste and how it is displayed in the candy shop? At what point do you evaluate the prices? How do you feel when you try a new brand that is highly priced but delivers little or no satisfaction? Your answers are not different from mine. In my explanation, a rational person is a utility maximizer. This is why we sometimes find ourselves moving from one shop to the next to just get a pair of black leather shoes. When...2022-05-1702 miniGrand Business RadioLaw Review | THE COPYRIGHTS (AMENDMENT) ACT 2021 A BIG WIN FOR ARTISTS IN KENYAKenyan artists now have a big relief after the Copyrights (Amendment) Bill 2021 was signed into law on 4th April 2022. Section 2 of the Act defines ring-back tunes to mean subscription music or a tone that is played by a telecommunication operator to the originator of a call. The Act also contains a new revenue sharing formula between the artists and other stakeholders in the industry. Pursuant to section 30C of the Act, the parties to a ring-back tune are to share the net revenue from the sales of the ring back tunes at different percentages with the artists getting the...2022-05-1703 miniGrand Business RadioBusiness Biography OF TRAILBLAZING LEGACIES! - Sanda OjiamboMs. Ojiambo comes from a family of achievers, but not just any kind; the trailblazing ones. Her late father, Dr. Hillary Ojiambo, was Kenya’s first cardiologist. Her mother, Prof. Julia Ojiambo, was Kenya’s second female elected Member of Parliament and the first female assistant minister. Sanda has three siblings consisting of a doctor, a lawyer, and a consultant management trainer. She speaks highly of her upbringing and attributes the support and inspiration she received to her success, now being the first African CEO of the UN Global Compact.
Sanda did her O levels in England and...2022-05-1703 miniGrand Business RadioBusiness Biography :THE NITTY-GRITTY OF A SCIENTIFIC BANKER Jeremy AworiJeremy Awori was born in Kenya in 1971 to a Kenyan father and a British mother. Whilst his father was an engineer, his mother practised law. He has two siblings; a sister and a mentally handicapped brother, whose condition he says has highly contributed to how he (Jeremy) views life and people. In his early years, Jeremy was extremely shy and started swimming to hide it. At the age of 9 he was already a professional swimmer and competed for Kenya while boosting his confidence.
After his secondary school education, Jeremy flew out to the University of Manchester and...2022-04-0902 miniGrand Business RadioLaw Review: TRANSFORMING OWNERSHIP OF SECTIONAL PROPERTY IN KENYA Sectional Property Act 2020The repealed Sectional Property Act of 1987 was unpopular to developers because of its harsh provisions favouring the property's purchaser.Before the enactment of the Sectional Properties Act of 2020, developers of off-plan townhouses and sectional units used to register the specific units under long term leases which amounted to ownership. The current law is appealing and attractive to the developers due to modification of harsh provisions such as the one that required the property buyers to deposit the initial amount with a trustee instead of paying it directly to the developer.
The Sectional Properties Act, 2020 applies in respect...2022-04-0902 miniGrand Business RadioEconomy Watch: GLOBAL TRADE AMIDST RUSSIA -UKRAINE WARThe war between Ukraine and Russia has yet again put the global economy at the verge of collapsing even before the world fully recovers from disruptions caused by the COVID19 pandemic. For the past two years, unexpected events have significantly changed the way we do our things. The International Monetary Fund has warned that the fight between Russia and Ukraine could pose a great economic threat that could hurt the anticipated post-covid 19 recoveries. Global economy profoundly remains affected by the negative impact of the pandemic. However, there is slight stability in the second half of 2021 amid Omicron that threw...2022-04-0902 miniGrand Business RadioBook Review: START WITH WHY by SIMON SINEK How Great Leaders Inspire Everyone to Take ActionSinek describes his book as one ‘about a naturally occurring pattern, a way of thinking, acting and communicating that gives some leaders the ability to inspire those around them’. He depicts different situations where one person or group got ahead of another just because they started with the end in mind. Martin Luther King, the Wright brothers, and Apple are such examples. He later goes on to explain why inspiration, as opposed to manipulation, is a long-term strategy in any endeavour. Unlike inspiration, manipulation of employees and consumers can only last so long and needs to be repeated over and...2022-04-0903 miniGrand Business RadioAdvertising Feature: ERUKO SACCO: DEEPENING FINANCIAL ACCESS IN TURKANA COUNTYAvailability and equality to access financial services is key for development of grass-root economies across the country. Access to timely, appropriate and affordable financial products and services promotes financial inclusion which is a key enabler for growth of businesses and for personal development of individuals. In Turkana County, Eruko SACCO Limited is on the frontline to register members, mobilize savings and pursue economic opportunities in the agribusiness sector to maximize returns for members. The SACCO which has its offices in Lodwar town has seen its membership growing overtime and is now present in all the seven sub-counties of Turkana.2022-04-0903 miniGrand Business RadioWebinar Review: FUNDAMENTAL INSIGHTS ON PROPERTY INVESTMENT IN KENYA Hosted by Chams Media in partnership with Purple Dot International on 26th January, 2022The webinar presenters were: Renu Hunjan a real-estate marketing strategist, Austin Waga head of mortgagees Stanbic bank and Adeel Madhani a legal expert practicing with Mohamed Madhani & Co Advocates. Together, these panelists equipped attendees with critical information on matters property investment. An investment possession is a real estate property, purchased with the intention of earning a return on the investment, either through rental income, the future resale of the property, or both. The property may be held by an individual investor, a group of investors, or a corporation. For third parties, a license allows access to a property at...2022-04-0903 miniGrand Business RadioHealth Column: Nutrition Awareness Month: “Eat right with a Nutritionist’s advice”A long time ago, Hippocrates, the father of modern medicine said, “Let thy food be thy medicine, and thy medicine be thy food.” This sentiment still rings true in our modern day. Every year in March, the Academy of Nutrition and Dietetics observe a “Nutrition Month” that stresses the importance of a balanced diet and exercise. It promotes the transformative powers of healthy food choices, by encouraging using a registered dietitian (RD) to develop and stick with a healthy eating plan.
Between what you hear on TV and read in the news, eating well can seem like a real c...2022-04-0904 miniGrand Business RadioIndustry Review: WORKER COOPERATIVES, ANSWER TO THE FUTUREAccording to the Population and Census survey carried out in 2019, the data from the exercise revealed that individuals under the age of 35 comprised of 75 percent of the 47.6 million total population. The survey also indicated that the labor force aged 15 to 64 years, made up for 57 percent of the total population in Kenya, of which 29 percent comprised of the youth. This shows that youths have potential capabilities of shaking up the cooperative sector and leaving a footprint in the sand of the industry for other youths to follow.
A worker co-op is a form of co-operative where the members...2022-04-0902 miniGrand Business RadioOpinion Column: IS YOUR BUSINESS ONLINE?Digital migration of businesses into the online space is now a survival tactic that must be embraced by every entrepreneur who wants to keep going. You need to market, display goods, order or showcase services and get paid via digital platforms. Online presence does not necessarily imply that one closes their shop, but that you tap into the traffic users on the streets of digital media to get new customers and business partners. With Online, entrepreneurs. With online, entrepreneurs have been able to reach a larger audience and get more customers and with effective digital marketing strategies, most of...2022-04-0903 miniGrand Business RadioFinancial Markets: UNCERTAINTY AND FINANCIAL MARKETSWe live in an interconnected world thanks to international trade. This interconnectedness has always guaranteed free movement of capital and resources thereby meeting the different needs of the world’s population. International trade heavily relies on the concept of free trade and stability. As such, any instance of political instability as well as unfavourable regulations usually results in capital flight. Previously, markets have always reacted to geopolitical events and this is set to continue since political stability and free markets lay the backbone of international trade. We therefore, focus on what happens when there is uncertainty in the financial ma...2022-04-0903 miniGrand Business RadioWebinar Review: IMPLEMENTING A TRIUMPHANT SALES PLANHosted by Bemerc Consults on 13th January, 2022
This was a master class webinar to help any sales person increase their sales from what they’ve previously sold. The presenter was Mercy Maina Kimani, the Performance Coach and Team Leader at Bemerc Consults. In the Webinar, Mercy shared essential pillars necessary for the realization of any business vision, the first one being a consideration of where one is coming from and where they intend to go hence sales goal setting. The goals have to be SMART in that they are Specific in terms of the processes and resources , Me...2022-03-0904 miniGrand Business RadioOpinion Column: HAVE YOU GOTTEN THE JAB?The economic viability of the COVID-19 vaccination program
The emergence of COVID-19 has posed an unprecedented challenge to the world’s economy and the healthcare delivery system. There has been an emphasis on the use of non-pharmaceutical measures such as physical distancing, hand washing, and wearing of masks to reduce the spread, but efforts have been made to produce vaccines that will play a role in reducing transmission.
At the peak of the pandemic, most countries worldwide resolved to a suspension of their economic activities, popularly known as “lockdown” with the aim of stopping the spread...2022-03-0903 miniGrand Business RadioLaw Review: END OF PROXIES IN COMPANY OWNERSHIP IN KENYABrief Overview and Impact on Businesses in Kenya
The Statute Law (Miscellaneous Amendment Act) 2019 amended the Companies Act 2015 to require all companies to introduce a register of beneficial owners. To effect the amendment, the Government enacted the Companies (Beneficial Ownership Information) Regulations, 2020 as subsidiary legislation to the Companies Act on 18 February 2020. The Business Registration Service (BRS) issued a public notice notifying all officers of companies and authorized persons that the beneficial ownership E-Register had been operationalized with effect from 13 October 2020.
Every company in Kenya must now lodge a register of beneficial owners with the Registrar...2022-03-0903 miniGrand Business RadioIndustry Review: COOPERATIVES IN THE CHANGING WORLDOver the years the International Cooperative Alliance (ICA) has acted as the voice of cooperatives worldwide. Established in 1895, ICA represents an estimate of three million cooperatives. It’s a platform for cooperatives to collaborate more effectively through networking and exchange of ideas. ICA has its presence in Africa and the continental headquarters are in Nairobi, Kenya.
A cooperative is a people-centered enterprise jointly owned and democratically controlled by and for its members (with a common bond) to realize their common economic, social, and cultural needs as well as aspirations. Even then, it is important to note that wit...2022-03-0903 miniGrand Business RadioHealth Column: DON’T BUY DECEITS AND SABOTAGE YOUR WEIGHT LOSS PLANSHave you been sipping green tea, lemon tea, been on fad diets, skipped some meals, or been practicing intermediate fasting in an attempt to cut down your weight? As mentioned previously, the basic premises to healthy living is eating a balanced diet while remaining physically active, and burning more calories than those consumed. The seemingly “simple” and healthy road to weight loss is actually an arduous and long-term process. Therefore, it becomes enticing to substitute sensible diets and exercise regimens with unhelpful ideologies such as fad, Paleo, Atkins, etcetera, that promise quick results, but have deleterious outcomes.
A po...2022-03-0903 miniGrand Business RadioFinancial Markets: DAY TRADING AT THE NAIROBI SECURITIES EXCHANGEThe Nairobi Securities Exchange is one of the fastest developing bourses on the African continent attracting foreign investors looking to tap into emerging economies. The last decade saw several listings as well as roll-out of new products such as derivatives and the commissioning of a new trading system. In 2021, the bourse received authorization for launching day-trading. Simply put, Day-trading is the phenomenon whereby an investor/trader buys and sells their shares within the same day. Before, one had to wait for three working days for settlement of any trade. Day-trading is therefore poised to boost trading activity as well...2022-03-0903 miniGrand Business RadioBusiness Biographies: REVISITING PERFORMANCE WITH PURPOSE Indra NooyiFrom being a young ambitious immigrant to rising to the World’s Most Powerful Women lists, Indra has seen it all. Yet despite the challenges she faced under the different labels she wears, she has somehow managed to rise graciously and leave her mark in the corporate world and beyond. But what exactly has her journey been like?
Sixty-six-year-old Indra Nooyi was born in Madras State in India. After her secondary school education, she attended the Madras Christian College and graduated with a Bachelor’s degree in Physics, Chemistry, and Mathematics in 1974. Two years later she got her...2022-03-0903 miniGrand Business RadioBook Review: REVERSE INNOVATION – Vijay Govindarajan & amp; Chris TrimbleCreate far from home win everywhere
Reverse innovation is the main subject to this exquisite book as the authors strongly believe it is the pathway to success, especially for emerging economies. History has it that multinationals would innovate in wealthy countries like the USA and then sell their products to poor countries like India; reverse innovation according to the two authors is working against that historical grain by doing the exact opposite. They believe it is time that innovation begins in developing economies as it trickles up to developed countries.Therefore, instead of exporting, why not innovate...2022-03-0903 miniGrand Business RadioAdvertising Feature: DO I NEED AN ACCOUNTANT IN MY BUSINESS?Bigger companies set up accounting departments which are fully supported to execute book keeping, recording of transactions, reconciliation of books and preparation of financial statements consistently and continuously. They also set up control mechanisms through policies that govern the management of resources, procedures for resource utilization and a calendar for performing functions such as budgeting, large scale purchasing, stock taking and reconciliation of bank statements. Internal audit teams are also key in helping the accounting department and other personnel involved in operations to adhere to policies of your business regarding financial management.
Regardless of size, the accountant...2022-03-0903 miniGrand Business RadioAdvertising Feature: MINERAL WATER BOTTLING AT THE TURKWEL GORGE, LODWARLodwar is the administrative capital of Turkana County in North-Western Kenya which is characterized by moderate to high temperatures throughout the year. When driving in the roads of this vast county, you’ll meet epic scenes of hills, semi-desert vegetation, cluster settlements and goats enduring the heat and sun that falls in this semi-arid region. The lands of this sunny countryside are split by great rivers and boarders the shores of the world’s largest desert lake. When touching down at Lodwar Airport, you’ll see the magic Turkwel River flowing across the town. This is a scene to behold...2022-02-0902 miniGrand Business RadioBook Review: THE POWER OF HABIT by CHARLES DUHIGGHappy New Year! Yes, another year full of hope, ambition and determination…not forgetting New Year Resolutions. Some structured and well written down, others as vague ideas in our minds of dreams we hope to realize. The underlying factor to their success or failure is our habits and Duhigg helps us unravel this aspect in a captivating and unforgettable manner.
First off is understanding what habits really are. To explain this, he summarizes every habit into a ‘Habit Loop’. These are the 3 stages that are critical in forming a habit, good or bad: A cue, a routine and a...2022-02-0903 miniGrand Business RadioEconomy Watch: KENYA: GRANARY WITHOUT FOOD.What makes a country great? Is it the authority of its government, size of its economy, power of its military, unity of its people, riches of its national culture or there’s something else? In the East African Region, Kenya is envied for its fast growing economy characterized by vibrant towns and busy ports of call for road, rail, sea and air travelers. On the flip side, 35.5% of Kenyans live below a dollar each day thus falling into the category of poor humans. Kenya’s poverty index is worsening by day and food insecurity has become a threat to live...2022-02-0903 miniGrand Business RadioBusiness Biographies THE BLACK DRAGON, Vusi ThembekwayoBusinessperson, entrepreneur, international public speaker and author Vusi Thembekwayo was born in 1985 in South Africa. He comes from a poor Christian family and was raised by his mother after his father was killed in front of him when he was only 13. Barely managing to get through his preliminary years in school, his dire financial situation caused him to drop out of his first year in university. His first company, Global Professionals South Africa, was then birthed, allowing him to get through his Management Advanced Program at the University of Witwatersrand. Immediately after that, in 2010, he enrolled for a PDBA a...2022-02-0903 miniGrand Business RadioFinancial Markets: FINANCIAL TRENDS TO WATCH OUT IN 2022In 2021, news of the GameSpot's short squeeze and the collapse of Bill Hwang's Archegos Capital hit headlines of financial papers as top and remarkable stories. This got me curious on what to anticipate in 2022 for African Capital and Money markets. Here are some of the trends to watch out this year;
Foreign Direct Investments in African Start-Ups: The year closed on a high with Nigeria and Kenya attracting huge funding from global venture capital firms. In 2022, we expect to see more fundraising as these start-ups scale-up their operations. In January alone, Kenyan start-ups; Zanifu Capital, Poa Internet...2022-02-0903 miniGrand Business RadioHealth Column: Behavior change -The Nutrition Approach to weight managementThe principle of weight gain is simple, Energy intake exceeds energy expenditure. Energy intake is measured by the amount one takes in food, whereas expenditure is determined by the amount the body utilizes and physical activity levels.
The majority of the Kenyan urban population is obese. Studies relate 60.3% of urban residents and about 19.5 % of rural to be obese. Overweight and obesity are a result of complex set of interactions among genetic, behavioral, and environmental factors. Hundreds and thousands of weight-loss strategies, diets, portions and devices being offered to the overweight public, prove ineffective. The percentage of individuals...2022-02-0903 miniGrand Business RadioLaw Review: THE IMPACT OF ELECTIONEERING PERIOD TO THE ECONOMYKenya will be going into polls in 7 months’ time hence there is a feeling of anxiety on who will be the next head of state and government. The uncertainties that come with the campaign period and the aftermath of the voting day impact negatively on the country’s economy. The country is already experiencing economic growth slow down since most investors are not assured of the peace and political stability. The worry is as a result of repeated violence occurring after each general electioneering period.
Electoral laws and the electoral justice system of a country plays a cruc...2022-02-0903 miniGrand Business RadioWEBINAR REVIEW: PERSONAL AND BUSINESS BRANDING Hosted by CPF Consulting on 30th November, 2021.The guest speaker in this webinar was Mary Kimonye the Principal Secretary State Department of Public Service and also the CEO of Brand Kenya.
Branding is the purposeful and deliberate process of distilling, defining, creating and packaging one's self-identity and image which are the two key pillars of branding. Branding allows one to tell their story as they'd want it to be told as well as establish oneself as an expert and leader while connecting with others in the industry. It is critical to mention that branding equals identity plus image. Identity is internal, it is about...2022-02-0903 miniGrand Business RadioIndustry Review: WHAT’S HAPPENING IN KENYA’S COTTON GROWING DISTRICTS?Cotton was once referred to as white gold in Western parts of Kenya where it was grown by many farmers. In the year 1985, national cotton production hit an all-time peak of 14,000 MT. This was however not to Kenya’s full production potential which is now estimated at 50,000 MT when some 350,000 ha of the country’s land is put under cotton growing. Production of cotton in Kenya has continued to fall for reasons such as liberalization of the sector and withdrawal of government from the provision of credit facilities, farm and industrial inputs. Collapse of cotton prices both locally and in g...2022-02-0903 miniGrand Business RadioAdvertising Feature Secure Your Premises With Idar Group Security ServicesSecurity is one of the most critical components of our socio-political and economic environments. Security is however not a product, but a process of continued reduction of the likelihood to lose your valuable items. While social and business goals maybe distinct in many respects, safety and security remains a common concern to both an estate owner and a commercial institution such as a construction site, school, hospital and administrative office of an organization. While at home, try simple measures to enhance your security such as getting a security system, posting security signs, and lighting up your home exterior, testing...2021-12-3002 miniGrand Business RadioThe Law Review The Game Changing Legislation In The Digital Lending SectorDigital lenders have been on the spot since their inception into the banking and finance industry due to indulgence in unscrupulous business practices. Some of the unfair trade practices the Digital lenders are accused of engaging in are predatory lending tactics, exorbitant interest rates, sharing and misuse of customer data in the name of ‘debt shaming’ among others. The above-mentioned misdeeds violate the constitutional rights of the consumers especially the rights under Article 46 on consumer protection and right to privacy under Article 31 of the Constitution of Kenya 2010. Digital lenders have also constantly violated the provisions of the Competition Act, Data...2021-12-3003 miniGrand Business RadioBOOK REVIEW BUSINESS STRATEGY - JEREMY KOURDI A Guide to Effective Decision MakingJeremy outlines nuggets in his book meant to help managers take their businesses forward by helping them learn strategies for effective decision making. The book is divided into two parts with the first addressing the forces at work and the other expounding on the concepts and tools for strategic decision making.
The forces any business faces are likely to fall under the social, cultural or commercial category. Knowledge (intellectual capital which includes experience and expertise) and leadership matter a great deal in trying to address these forces. It is important that an organization’s knowledge remains as un...2021-12-3003 miniGrand Business RadioWEBINAR REVIEW SUCCESSFUL RESOURCE MOBILISATION FOR NGOs HOSTED BY STRATEGIA NETHERLANDS AND CAPACITY AFRICA ON 19TH OCTOBER, 2021.There is a great need for funds now more than ever before, resources are shrinking while needs are growing by day. Unfortunately, international donors are now investing in their own economy in the bid to realize the SDGs rather than the developing world, especially as we approach 2030. This therefore calls for a paradigm shift from money to the targets. Is it possible to meet the target with the available resources without necessarily looking for money? Coalition building, networking and leveraging on other organization resources are therefore important alternative strategies to achieve organizational goals.
This webinar was more...2021-12-3003 miniGrand Business RadioThe Health Column Behavior Change: A Catalyst for Weight ManagementHave you ever been told “you look thin” or “you look fat?” how did you feel about it? What is a healthy weight and why is it important to maintain it?
What does a healthy weight mean?
Research has attempted to define healthy weight based of parameters that measure body fat composition. In this article, we will use two parameters: the Basal Metabolic index (BMI) and the Waist Circumference (WC).
BMI is determined by your weight and height. It doesn’t measure body fat but correlates with direct measures of body fat. A higher BMI...2021-12-3003 miniGrand Business RadioOpinion Column | Dilemma On Proposed Review Of NHIF Contributions BiannuallyThe National Health Insurance Fund (NHIF) is a scheme that was established under the NHIF Act of 1998 to provide health insurance to Kenyans. The eligibility criteria for enrolment are any ordinary citizen in Kenya who has attained the age of 18 and is either in active employment or self-employment. Members of Parliament passed the NHIF bill on September 29th, 2021, stating that every adult in Kenya over the age of 18 is required to purchase NHIF coverage. There is a provision for the informal household to sign up for the NHIF and pay 6,000 Kenyan shillings annually. It is helpful as it will...2021-12-3002 miniGrand Business RadioEconomy Watch Kenya, The 6th Wealthiest Nation In AfricaDuring the 8th state of the nation address H.E Uhuru Kenyatta presented his speech based on Economy, social structure, and democracy. President Kenyatta stated that amid Covid 19 pandemic there were interventions set in place to reinforce the resilience in the economy while cushioning millions of households against harsh effects. He further stated that economically Kenya had become 6th wealthiest nation in Africa in terms of GDP of 11 billion Kenya shillings.
The Kenyans GDP currently stands at Ksh 11 billion shillings up from 4.74 billion shillings. On the 2nd quarter this year the economy grew by 10.1 % being the highest...2021-12-3003 miniGrand Business RadioFinancial Markets: Global Remittances… What way for Africa?Foreign remittances to Africa have increased over the years as more Africans are absorbed into the world’s job markets. To illustrate this growth, more than $540bn crossed borders to low and middle-income countries in 2020, surpassing development aid and FDI. The amount remitted to Sub-Saharan Africa (SSA) was a paltry $42bn with $17.2bn remitted to Nigeria alone. These amounts have been resilient despite the pandemic that left many jobless in the host countries.
Also, worth noting from the world bank report were the remittance costs. Africa had the highest remittance costs with a $200 transfer costing about 8.21%. This is...2021-12-3003 miniGrand Business RadioBOOK REVIEW | THE 5 AM CLUB by ROBIN SHARMAA frustrated artist and a haunted entrepreneur find themselves at a motivational talk by The Spellbinder that leaves them alive and hungering for more. Each finds hope when he says that the place of one’s greatest discomfort is also where one’s largest opportunity lives. When a seemingly homeless yet vibrant and knowledgeable man invites them for a get-away to re-discover themselves, they hesitate only for a minute. Armed with the curiosity and willingness to join the 5 AM Club as he called it, the journey to Mauritius where their previously ‘homeless’ billionaire mentor awaited.
Every 5 AM for the...2021-12-1602 miniGrand Business RadioThe Law Review | TAPPING OPPORTUNITIES OF KENYAN LABOUR EXPORT TO THE MIDDLE EASTGovernment set to initiate reforms in labour laws and policies to protect migrant workers
Saudi Arabia, United Arab Emirates, and Qatar are among the largest importers of labour globally. A thousand migrant workers leave the country annually to seek opportunities as domestic service workers in Saudi Arabia due to the Kafala system which makes the process affordable. The female migrant workers do not incur migration costs since they migrate on a sponsored visa and air ticket funded by the employer. The kafala system is however disadvantageous on the employees since upon arrival they are held in slavery-like...2021-12-1603 miniGrand Business RadioADVERTISING FEATURE | Elegant Fashions By Jemmy’s & Young SelectionAs a little boy growing up, I remember looking forward to holidays away from school. There was so much to be eager about when the festive season of Christmas began. I knew it was the time to meet my cousins on safaris that had been planned for a long time. Other days my grandfather would slaughter one of his turkeys and invite his large family to feast. We also recited Christmas carols and made presentations in church during a Sunday school service. Such are the memories of December holidays from my days in primary school. It’s a time fo...2021-12-1602 miniGrand Business RadioBUSINESS BIOGRAPHY | A MAN OF INVENTION, RE-INVENTION, AND STAMINA -Reed HastingsA worldwide household name, Wilmot Reed Hastings Jr. was born in Massachusetts in 1960. He graduated from college in 1983 with a BA in Mathematics, after which he joined the Marine Corps. He however did not finish his training and instead joined the Peace Corps. Drawn by the thrill and adventure, he spent two years in Swaziland, teaching Mathematics. He then proceeded to earn a Master’s Degree in Computer Science from Stanford University in 1988.
Hastings worked at Adaptive Technology up-to 1991, when he founded his first company, Pure Software. Up to this point, Hastings had been involved in product de...2021-12-1602 miniGrand Business RadioEconomy Watch | Impact of 5G Network in Kenya’s EconomyWe are living at a time when speed matters a lot in our daily business activities. When it comes to the internet, they say slow WIFI is worse than no WIFI. COVID has taught us that companies can still work remotely and deliver 100% service to their clients. This is only possible with good connectivity of the internet. The 5G future is here. Years in the making, the long-buzzed-about fifth generation of wireless connectivity has become a reality, ushering in an era of radical new possibilities in many industries.
Innovative use cases such as autonomous drones and smart...2021-12-1603 miniGrand Business RadioFinancial Markets: How can Capital Markets Support Climate change interventions?Climate change poses an existential threat to mankind with developing countries set to face the toughest impacts that comes with it. To put this into perspective, in the current year, the prolonged drought situation in Kenya has predisposed close to 2.1 million people (from the ASAL regions) to food insecurity. Other than prolonged droughts, the rainfall patterns have also changed resulting to low rains in the food producing counties. Also, torrential rainfalls and floods experienced across East Africa in 2019 and 2020 could be attributed to climate change. The threat to our people’s livelihoods is real despite Africa having contributed only 3% of...2021-12-1603 miniGrand Business RadioIndustry Review | Why Kitui is Kenya’s Next Industrial HubThe MADE IN KENYA narrative that aims at producing goods locally is not possible without building industries to process and manufacture what we consume. This year in the devolution conference 2021, various counties had exhibition booths where they showcased produce from local industries with the aim of mobilizing support from partners and expanding markets for their locally made goods. For counties with something to showcase, the conference is a huge platform to let their local industries known. Kitui County is one of the counties that has a variety of locally made goods gaining market acceptance thanks to the devolution conference.2021-12-1603 miniGrand Business RadioOpinion Column | Is fuliza beneficial to Kenyans?There has been a remarkable increase in the number of Kenyans utilizing the Safaricom overdraft facility service of fuliza. It was introduced in the year 2019 to aid the customers who required urgent cash that is below 2000 and it has gained popularity among the Kenyans as they can complete their transaction and buy what they need as much as they may be having less cash in their account.
The rate of borrowing from this facility has increased greatly by 1.34 billion daily in the last six months. The number of Kenyans signing up daily for fuliza is 700,000 making the...2021-12-1602 miniGrand Business RadioWEBINAR REVIEW | DRIVING CHANGE IN COMMUNITIES THROUGH FINANCIAL EDUCATION. HOSTED BY BANKING TRANSFORMED ON 1ST SEPTEMBER, 2021“If everyone, including political leaders, is given the opportunity to learn the essential principles to smart money management, it will enable them to better plan ahead and keep their financial house in order and help others to do the same” Michael Ochieng Nyawino (2019). What the Executive Director at Christian Community Healthcare Foundation says was the heart of the webinar that was presented by Industrial Bank in collaboration with EVERFI.
According to the Global index report; women in the developing nations, such as Kenya, have a 20% less likelihood of owning a bank account in a formal financial institution and...2021-12-1603 miniGrand Business RadioADVERTISING FEATURE: A CONVERSATION WITH KAKUMA’S PREMIER POULTRY FARMERKakuma is a fast-growing town in North-Western Kenya hosting refugees, humanitarian workers
and native Turkana people. It is approximately 120km from Lodwar airport linked by a tarmac road
that has been newly constructed. There are
also other groups of people living in Kakuma
for work and business-related pursuits. The
town is mostly hot with temperatures ranging
from 280 C to as high as 360 C and the land is
arid with little vegetation. In such a climatic
zone, one would first presume pastoralism is
2021-11-0303 miniGrand Business RadioFINANCIAL MARKETS:Let’s buy you out… we’ve got enough cash!Kenya’s corporate scene was transformed significantly in 2015 following the amendment of the company’s act. This saw many listed public companies change their names with most now ending with the term ‘Plc’. Another newly introduced amendment, the first in East Africa was share buybacks. This clause gave leeway for companies to buy their shares in the open market. What followed was several companies amending their articles allowing them to buy their shares as early as 2017.
In the recent past, two closely related entities announced their intentions of buying up to 10% of their issued shares in the next 18 months...2021-11-0304 miniGrand Business RadioTHE LAW REVIEW:The Minimum Tax Burden Is No More The Constitutionality of Minimum tax provisionIn a Constitutional Petition filed early this year, The High Court in Machakos declared section 12D of the Income Tax Act unconstitutional and hence null and void. Section 12D had introduced Minimum Tax as a blanket target on all taxpaying business entities at a rate of 1% on net sales regardless of whether they made losses or profits. Justice George V. Odunga while delivering the judgement on 20th September 2021 noted that the Minimum tax provision was in contravention of Article 201 (b) (i) of the Constitution of Kenya 2010 for subjecting taxpayers to double taxation hence punitive in nature. The Kenya Revenue Authorit...2021-11-0303 miniGrand Business RadioECONOMY WATCH: Position Of Cooperative Movement in Kenya’s EconomySavings and Credit Cooperative Organizations (SACCOs) are arguably the oldest form of banking in Kenya. Most of these organizations began as traditional table-banking groups with little or no formal organization but with structures of leadership, unwritten policies and a circuit of meetings in which deposits were received from members. Today, many such groups have formalized and are registered with Sacco Societies Regulatory Authority (SASRA). This development in the financial service sector has transformed Kenya’s economy through the convenience of savings and access to credit that is in SACCOs. In rural areas where agriculture creates the most number of jobs, the c...2021-11-0303 miniGrand Business RadioBOOK REVIEW: How Rich People Think – Steve SieboldA story is told of a horse once stuck in a pond filled with mud and could not get out. When a few herdsmen inspected the place, they saw the mud would not allow the horse to come out; it was only the strength that the horse could gain mentally and not give up that would bring him back to his feet. They then invented a plan to get their herd of horses to run around the pond to mentally inspire the stuck horse. As the horse saw his friends gallop around the pond, he mentally decided to give hi...2021-11-0303 miniGrand Business RadioWEBINAR REVIEW: Leadership Is Essential For Business. Hosted By Co-Operative Bank Of Kenya On 15th July 2021The webinar focused on addressing the place of effective business leadership, it aimed at equipping entrepreneurs with essential leadership skills necessary for any successful Micro, Small and Medium Enterprises (MSMEs). Statistics as of July 2021 show that there are 7.41 million MSMEs that have employed 14 million workers in Kenya. This means that 80% of businesses in Kenya are MSMEs granting the need for essential leadership skills for business.
According to Max De Pree, a leader’s first responsibility is to define reality and their last is to say thank you; in between the leader is a servant. This, therefore, means that lead...2021-11-0303 miniGrand Business RadioHEALTH COLUMN:HEALTH-CARE SEEKING BEHAVIORHealth seeking behaviour (HSB) is a sequence of remedial actions that individuals undertake to
rectify perceived ill-health. It refers to action(s) by individuals who perceive themselves to have a
health problem or to be ill for finding an appropriate remedy. Health behaviours (HBs) are direct
factors helpful in maintaining a healthy lifestyle and do not occur in isolation. Social, cultural, and
economic factors influence them. Individual
choices and/or external constraints shape
HBs in most cases.Positive HSB promotes health, prevent
diseases, and ensures...2021-11-0303 miniGrand Business RadioINDUSTRY REVIEW: TOPOGRAPHY OF KENYA’S NEW MEDIAMedia has traditionally been a communication
platform in diverse dimensions including
advocacy, news sharing, entertainment,
education, and awareness creation. Media
Coverage in Kenya has grown with the
increase in vernacular radio stations and
the rise of social media since 2009. Today,
social media has replaced radio as the first
channel of information sharing and as the
most widely used platform thanks to a mobile
phone penetration rate of more than 70% and
a high broadband subscription. Television
...2021-11-0304 miniGrand Business RadioOPINION COLUMN: TIME FOR KENYA TO GO BIG ON EXPORTSExport trade begins when a country has produced
more goods and services than its domestic
demand. It is penetration into new markets
away from home. This does not come without
challenges as many trade agreements need to be
entered before goods and money is allowed to flow
from source to a foreign market. It is therefore a
game of industrial development, building of trade
relationships with other countries and creation of
sound policies to regulate cross – border trade.
The st...2021-11-0303 miniGrand Business RadioBUSINESS BIOGRAPHIES: Africa’s Business Magnate- Alhaji Aliko DangoteFrom being awarded Nigeria’s second-highest honour to being the richest man in Africa 10 years standing, Aliko Dangote seems to be an ever-expanding brand; an empire all by himself. Industrious (quite literally), innovative and entrepreneurial are a few words to describe him, especially since we keep discovering greater depths to his abilities and vision.
Born in 1957 in Nigeria, Dangote rose from a wealthy Muslim family. His father passed when he was 8 years old, after which he was raised by his maternal grandfather, the son of West Africa’s richest man then. Despite his wealthy background, what Dangote reaped most...2021-11-0303 miniGrand Business RadioFINANCIAL MARKETS: KENYA’S PUBLIC DEBT STATUS Notes from a presentation by Dr. Patrick Njoroge to the senate.On 15thof September 2021, the Central Bank of Kenya Governor Dr. Patrick Njoroge presented to the senate committee on finance and budget status of Kenya’s public debt. He began by discussing the evolution of Kenya’s public debt. He highlighted that Kenya’s public debt to GDP ratio declined from 64.1% in June 2003 to 38.1% in June 2012, but increased thereafter driven largely by spending on infrastructure and more recently, Covid-19 related spending. Total debt service to revenues on the other hand increased to 57% in 2019 from 17% in 2012 due to increased debt stock and changing terms of new loans including one-off repayment of syndic...2021-09-2804 miniGrand Business RadioLaw Review| THE SMALL CLAIMS COURT: A milestone towards achieving the ease of doing business in KenyaThe Small Claims court is a game-changer to the commercial sector in Kenya. With the introduction of this court, individuals being owed ksh 1 million and below have a reason to smile since they can quickly recover the sum through judgement and execution of orders from the Small Claims Court. This Court was established under the Small Claims Court Act of 2016 which has recently undergone several amendments. The court became operationalized early this year after being launched by the then Ag. Chief Justice Philomena Mbete Mwilu. This is a subordinate court in the structure of the court system under Article 169 (1...2021-09-2803 miniGrand Business RadioBOOK REVIEW : AUGUST 2021 MYTHS AND REALITIES OF TEAMWORK Authored by David WrightMyths and Realities of Teamwork is a library of insights from a man who has spent thirty years building teams in organizations. Mr. David Wright focuses on Key milestones that mark a team’s journey to high performance without failing to not that there are myriad pitfalls and challenges on the way. He underscores that even in a very strong team environment, an individual’s needs cannot be ignored. Myths and realities of teamwork are explained objectively and in a realistic approach. For mature teams, the book gives bearing of what needs to be done in recapturing that early enth...2021-09-2803 miniGrand Business RadioWEBINAR REVIEW : HUMANIZED DIGITAL EXPERIENCE IN BUSINESS HOSTED BY THE FINANCIAL BRAND ON AUGUST 2021.The financial brand is an online publication that focuses on marketing and strategy which aims at delivering ideas and insights on a white range of issues involving the retail banking industry today.
The Webinar presenters were Kris Frantzen (VP Product Strategy Temenos), Joseph Pellissery (CIO Wescom Credit Union) and Jim Marous (Owner Digital Banking Report). Together they took turns to describe the paradigm shift that is being experienced in the digital market where it is no longer all about technology alone but investment in the consumers’ emotions too. While COVID-19 pandemic increased the technological demand of business tr...2021-09-2803 miniGrand Business RadioINDUSTRY REVIEW: AN OVERVIEW OF KENYA’S ART INDUSTRYArt is a rich sector with potential to create employment to many youths and women across all cultures. In this column I will highlight some of the prominent sub-sectors in art, possible returns at an average scale and rate at which opportunities for selling artwork come. The eight most prominent industries in the sector of art include; craft industry, performing arts, designer fashions, photography, music industry, interior design, visual art and film. Some of these sub-sectors are complex while others are simple and less sophisticated yet each has its unique dynamics.
In the music industry, an average...2021-09-2804 miniGrand Business RadioADVERTISING FEATURE | A TEAM THAT PLAYS TOGETHER, WINS TOGETHER: Team Building through Lenses of Vincent the TrainerMy best days in organizations that I have worked with before are those when we went out to play. Playing together as a team does magic in how we relate with one another, how we perceive work and the potential we realize in ourselves. Whether it is in a room somewhere or out in the natural environment, well-organized team building delivers many positive returns in uniting colleagues into one family. It is a sure approach in promoting working relationships that are needed in getting things done. Team building events can be coupled with training sessions where other disciplines like...2021-09-2803 miniGrand Business RadioBUSINESS BIOGRAPHIES | RE-DEFINING GLOBAL INDUSTRY LEADERSHIP-Mary BarraAt Fifty-Nine years old, it is curious to find that Mary Barra, CEO of General Motors (GM), has only ever worked at one company. Hers is a very unique career path, meandering through functions like Operations, Human Resource and Management at various levels. She has earned her spot in several leadership classes as a reference point for young upcoming global leaders and is an encouragement to current industry leaders. The big question at this point is, what exactly makes her stand out and why does she keep going?
Mary joined General Motors as a co-operative education student...2021-09-2803 miniGrand Business RadioOPINION COLUMN | INFLATION IS THE REMEDY FOR UNEMPLOYMENTJimnah Mbaru, a renowned investment banker working with Dyer and Blair provoked a discussion this month on twitter when he tweeted, “The Central Bank of Kenya should reduce the current cash ratio from 4.5% to 0%.” He argued that this measure will result into increased liquidity within banks with a reduced cost of credit. In Jimnah Mbaru’s view, banks would increase lending to private sector at lower interest rates. The investment banker is of the opinion that the existent threat of inflation with such a fiscal policy is not a concern at the moment.
I find Jimnah Mbaru’s opinio...2021-09-2803 miniGrand Business RadioHEALTH COLUMN | Blood Type Diet: Does It Work?Is there a diet for a particular blood group? Do blood types; A, B, or O, chemically interact with particular nutrients in food? And do specific foods for particular blood types get easily digested, aid in weight loss, and help prevent diseases? These are the inquiries made over the years concerning this diet.
A blood type diet is a plan that assumes specific dietary recommendations based on one’s blood group and limits consumers to eating foods that are harmonious with their blood type. These diets have been in existence for more than two decades now. This id...2021-09-2804 miniGrand Business RadioIndustry Review: CASE FOR FUNDING FOOD PRODUCTION IN KENYAThe agricultural sector is the least funded sector in Kenya despite being the largest in terms of GDP contribution (at over 50% GDP contribution, directly and indirectly,). With an estimated 8.5 million people in Kenya engaged in some form of agriculture, the choice of capital to finance agricultural activities has been solely left to credit institutions, thus limiting a farmer's choices, forcing him to put up with the sale of assets, alternative incomes and social networks. Inadequacy of financing tools in aspects such as inputs, working capital, and mechanization leads to inefficiency in the value chain and thus resulting into chronic...2021-08-2704 miniGrand Business RadioBook Review: ART OF WAR Authored By Sun TzuThe universality of this book makes it a must-read. It explains the essential point and tactics in a war that can be utilized to face our day-to-day challenges. Although it was written 2500 years ago it remains to be the most influential book in military strategy and its application is way beyond the military field. It teaches both strategic and leadership qualities to look out for no matter what you do.
The business environment being a modern war fair, some of the insights in this book can be applied by a business leader. Art of war teaches us...2021-08-2703 miniGrand Business RadioAdvertising Feature: AFFORDABLE TECHNOLOGY FOR KEEPING YOUR ROOF CLEANWe all love to feel good about the sweet scent, the warmth of family, and the marvel of architecture that makes our homes. Whenever we arrive, we are greeted by a first impression that is often a blend of buildings and vegetation. The impression goes a long way in determining the quality of life we lead in our homes. In this feature, we have observed that best impressions are inspired by clean walkways, pavements, roofs, walls, and lawns. Without shouting, a clean home promotes relaxation of the mind and adds happiness to life. In Nairobi, a cleaning firm led...2021-08-2703 miniGrand Business RadioWebinar Review: CUSTOMER ACQUISITION, MANAGEMENT, AND RETENTIONHosted By KCB Biashara Club On 7th January 2021.
The webinar aimed at equipping entrepreneurs with tactics needed to acquire customers, manage and retain them within the organization. It identified customers as critical people in generating sales that earn the business revenue. To ensure customers are well served, a business needs to adopt processes that help one to serve customers, optimize costs and manage cash flows. These processes need to be executed through people who have the appropriate skills to serve the customer.
The journey of customer acquisition begins with employing the right sales tactics, then...2021-08-2703 miniGrand Business RadioHealth Column: PROTECTING BREASTFEEDING; A SHARED RESPONSIBILITY World Breastfeeding Week 2021World breastfeeding week has been monumentalized every 1st week of August since 1990. This year’s theme was; Protect breastfeeding; a shared responsibility. This advocacy is an initiative by WHO and UNICEF to create a consensus that supports, promotes, and protects breastfeeding because it is the best nutrition tool for the growing baby. The World Alliance Breastfeeding Action (WABA) stated that this year's objective was geared towards informing people about the importance of protecting breastfeeding, anchoring breastfeeding support, engaging with individuals and organizations for greater impact, and galvanizing action on protecting breastfeeding to improve public health.
Benefits.
...2021-08-2705 miniGrand Business RadioOpinion Column: POVERTY AND TRUE AID.Why Aid to the Poor Should Aim At Freeing Them from Poverty
What does it mean to be a Kenyan? And not just any other Kenyan but a poor Kenyan. What chance does a poor person have in life? Born into poverty, hungry from birth, angry and confused. About 35.5% of Kenyan citizens live below the poverty line. If you are constantly struggling financially, you are not middle class, you are poor. The middle class is not a living condition, not a profession, it is the amount of disposable income, not the income you had before you paid...2021-08-2704 miniGrand Business RadioBusiness Biographies: A PORTRAIT OF INTELLECT IN BUSINESS LEADERSHIPAlvin Mbugua
In August 2021, Diageo PLC, a British multinational alcoholic beverage company with operations across the globe, appointed Alvin Mbugua to the position of General Manager in the Caribbean and Central American region. Mr. Mbugua, a Kenyan with experience of over seventeen years in the oil and gas, logistics, and FMCG sectors is rising to the apex of his career with this appointment. Alvin Mbugua has been the Managing Director of Uganda Breweries Limited which is a subsidiary of East African Breweries Limited, EABL. Other key positions held by this corporate titan at Uganda Breweries Limited include...2021-08-2704 miniGrand Business RadioFinancial Markets: LIBERATION OF TELOCOM AND MOBILE MONEY OPERATION IN AFRICAWhen news came in that Africa's second most populated country was liberalizing its telecommunication market, everyone seemed interested. This liberalization, as termed by MTN Group, seemed to be the world's last and largest telco liberalizations in world history. The privatization involved issuing two private telecommunication licenses as well as selling a minority stake in the state-controlled Ethio Telecoms. True to this, Africa's largest telecoms teamed up with financiers with deep pockets to snap up one of the two licenses. Then came the shocker, the operating license did not include mobile money service. The license's attraction diminished, leaving two major...2021-08-2704 miniGrand Business RadioBook Review: THE TIPPING POINT Authored By Malcolm Gladwell.Written in the year 2000, Malcom Gladwell’s book brings out things that are current, relevant and relatable. He brilliantly explores the tipping point phenomenon which is a magic moment when an idea, trend or social behavior crosses a threshold and spreads like wildfire. He highlights the three rules that causes something to reach a tipping point. The three are the law of few, the stickiness factor and the power of context. In this review, I’ll highlight important points that Gladwell made in each of the three defining factors for an idea to grow to the tipping point.
Th...2021-08-0203 miniGrand Business RadioWebinar Review: FINANCIAL CONVERSATIONS FOR COUPLES Hosted by Virginia Credit Union in August 2020.The webinar dissected into the subject of money which has been perceived to be a course of discord among couples. Sylvia Watford who was the presenter in the webinar suggested practical ways of building financial harmony in among couples. Silvia is a Senior Financial Education Specialist and her thoughts in the webinar were as follows:
Foremost, Sylvia Watford recommends partners to understand each other’s relationship with money, how they view it, their biggest financial concerns and their decisions regarding money that they are likely to agree with.
Secondly is value. What are your values an...2021-08-0203 miniGrand Business RadioSector review: REGULATE DIGITAL LENDERS TO CLEAN CHAOSIn a financial world that is increasingly open and subject to technological advancements, modern-day lending has been taken a notch higher with the creation of digital platforms that have made loan acquisition convenient in terms of speed. Mobile money services such as M-Pesa allow customers to deposit, borrow and transfer money. Digital lenders such as Tala and Okash have not been left behind, as they have set up shops in Kenya, offering quick loans usually processed within 24hrs or even less through mobile phone applications. They understand that time is money for individuals and small businesses and that with...2021-08-0203 miniGrand Business RadioOpinion Column: CYTONN? UNDERSTAND PRIVATE EQUITY.Private equity (PE) is a developing feature in many African markets whose growth is facing many lips and bumps in a public that grapples to understand it. Coined from their private nature of raising and investing funds, PE firms, instead of approaching banks and the capital markets to raise funds, approaches sophisticated investors. They promise a return slightly higher than that offered by traditional assets which include government securities among others. Centum, is an example of a private equity firm in Kenya and has historically invested in private companies such as Isuzu East Africa, Almasi Beverages and Nairobi Bottlers.2021-08-0204 miniGrand Business RadioHealth Column: GOOD FOOD CHOICES ARE GOOD INVESTMENTTake some time and reflect on your latest food choices. That plate of food that you last ordered in the restaurant or the stock of food resting on the shelves of your home kitchen. Would you love to change mind about what you are eating? I think you should free yourself from malnutrition by making good food choices.
Food choices are good investment. They yield positive returns in the form of good health and progressive economic outcomes. On the flip side, poor food choices may contribute to incidences such as cardiovascular diseases, diabetes, growth retardation in early...2021-08-0203 miniGrand Business RadioBusiness Biographies: THE MAN THAT MADE KENYAN JOURNALISM Hillary Boniface Ng’wenoHe was everything that a 20th Century parent wanted in their child. The late Hillary Boniface Ng’weno became the first Kenyan to join Harvard University and the first Kenyan to hold a degree in nuclear physics. Contrary to the norms of his times, the Harvard graduate returned to Kenya and found passion in storytelling as a newspaper scribe. He rose in ranks at Daily Nation to become an editor and later founded his own publishing company, Stellescope. Mr. Ng’weno diversified his media empire through publication of the famous Weekly Review and other periodicals including Financial Review, Industrial Revi...2021-08-0203 miniGrand Business RadioiGrand Business Review July 2021 IssueAREA OF FOCUS
UNDERSTAND PRIVATE EQUITY.
GOOD FOOD CHOICES ARE GOOD INVESTMENT
THE MAN THAT MADE KENYAN JOURNALISM | Hillary Boniface Ng’weno
REGULATE DIGITAL LENDERS TO CLEAN CHAOS
FINANCIAL CONVERSATIONS FOR COUPLES
THE TIPPING POINT
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Send in a voice message: https://anchor.fm/igrand-business-radio/message2021-07-2723 miniGrand Business RadioHABITS THAT MADE A CONSUMATE BUSINESSMANThe passing of Dr. Christopher Joseph. Kirubi in June, 2021 ceased a moment for all industrialists to reflect on the habits that made a corporate bigwig. I have taken some time to analyze the demeanor and person in the late Chris Kirubi with the particular objective of highlighting what made him different and successful in building a business empire of his size. Through testimonies shared by some of his family members, friends and employees in memory of their time with him, I have learnt that Chris was truly larger than life. He was a man of style, class and influence...2021-07-1903 min
iGrand Business RadioBook Review- Why The Rich are Getting RicherWhy the Rich Are Getting Richer by Robert T. Kiyosaki. The book review was scripted by Effie Odhiambo.
This book is definitely a graduate school book, the world is evolving, and yesterday is not like today. We are seeing major clashes in the economy, countries are printing money, globalization happening and technology is dynamic, there is a continuous growth of economy and wealth. Financial Education is currently more important but the question is, what kind of Financial Education? Everyone is talking about money, if it doesn't control the world maybe it runs it.
"Money is a language, learning...2020-12-1504 min
iGrand Business RadioThe Emotionally Intelligent ManagerAuthored by; David R. Caruso and Peter Salovey. The Review was scripted by Effie Odhiambo for the iGrand Business Review magazine November 2020 issue.
This book outlines a prescription for effective management and leadership, it is based on integral role of intelligent use of emotions and its impact on thinking, decision making, being motivated and behaving. Emotional intelligence refers to a person's capacity to effectively reason about emotions and to use emotions to enhance thoughts and solve problems. We are taught that emotions shouldn't be felt and should be expressed carefully and only in a certain environment and...2020-12-1505 min
iGrand Business RadioKenya Next CitiesThis Podcast was scripted by Rick Okinda. It tells where business activity is picking up in Kenya and why the creation of more major towns is key for intra-country trade. The script was published as a column in the iGrand Business Review August 2020 issue.
Nairobi has for a long time been Kenya’s epic city due to its role as the administrative capital of the country and indeed the East African region. It has attracted a large population of Kenyans for hosting administrative offices, academic institutions, industries and for being a key transport hub. This has made th...2020-12-1504 min
iGrand Business RadioOpportunities in the Digital EconomyThis podcast was scripted by Rick Okinda and published as a column in the iGrand Business Review magazine November 2020 issue.
The ongoing industrial revolution swings on the hinges of tech-powered innovation. The rise of big tech companies in California’s Silicon Valley has greatly impacted how business is done and will be done going forward. Google, Microsoft, Facebook, Cisco, Adobe, Oracle, Intel, Apple and Hewlett Packard are some of the companies whose contribution in the fast-growing digital economy is largely significant. These companies, among other non-silicon valley big tech players have set up regional headquarters in Kenya pu...2020-12-1502 miniGrand Business RadioPost COVID OpportunitiesThis podcast asks the question, where should one invest in a crumbled economy? It was scripted by Rick Okinda and first published in the iGrand Business Review Magazine in July 2020.
While economic depression is real, many businesses have shut down and industries are recording losses. The growth rate of economies the world over is decelerating and those with savings are hoarding money from investment. This review identifies with the common cliché that says, “Industries close for new ones to rise.” Safaricom began by selling air talk time then it diversified to short message service and later to M-PES...2020-12-1403 min
iGrand Business RadioReview of the World Investment Report 2020This Report was forwarded by Dr. Mukhisa Kituyi, Secretary General of UNCTAD and Reviewed by Rick Okinda for the October 2020 issue of iGrand Business Review magazine.
Flows of foreign direct investments (FDIs) are falling sharply under severe pressure as a result of COVID-19 pandemic. Export-Oriented and commodity-linked investments are among the most seriously affected. The global financial crisis of 2020 has catalyzed a process of structural transformation of international production and an industrial revolution to scale sustainability.
On the downside, there are likely chances that post – COVID there shall be a record growth in economic nationalism. Th...2020-12-1403 min
iGrand Business RadioWebinar Review- Personal Financial Planning: Debt Management.Hosted by Vasili Africa and Presented by: Daniel Mainye - Brand manager Cytton Investment. The review was scripted by Effie Odhiambo for the November issue of iGrand Business Review magazine.
How can we borrow wisely? Can debt create more wealth? Is debt good or bad? How can we really manage financial distress? Some of the webinar insights include:
Debt can be good or bad. A good debt is a debt taken for investment and should grow in value in long-term, the income earned should be able to repay the loan. A bad debt is loan...2020-12-1402 min
iGrand Business RadioWebinar Review- Personal Financial Management for SMEsThe Webinar was hosted by KCB Biashara Club on the 6th of July 2020 and reviewed by Rick Okinda for the October 2020 issue of iGrand Business Review magazine.
The journey to financial management starts with determining current financial situation. This will give you a platform to develop your financial goals, identify alternative courses of action, evaluate alternatives; consider life situation, personal values and economic factors, assess risks and time value of money (opportunity cost). Once this is done, you will be in the right position to create and implement your financial action plan. To attain precision, it is...2020-12-1402 min
iGrand Business RadioWebinar Review- Single Income TrapThis Making Cent Conversation by Centonomy that was reviewed by Effie Odhiambo for iGrand Business Magazine September issue.
Drawing lessons from the Biblical parable of talents, we are all endowed with abilities in different capacities. It is therefore upon us to put to use what we have to earn profits. Centonomy’s webinar hosted by Douglas and Waceke brings us to light about the wealth creation journey. The two in the September 10th webinar advise that we should look at our resources in a holistic way to be able to diversify our revenue streams.
In the real world to...2020-12-1404 miniGrand Business RadioWhat They Don't Teach You at Harvard Business SchoolAuthored by Mark McCormack and Reviewed by Effie Odhiambo for the October issue of iGrand Business Review magazine.
This book basically talks about the resourceful skills needed to succeed in a business and ultimately grow. It is a "street smart" book that emphasizes on the human aspect of running a business. "Business schools are not meant to teach you everything about succeeding in the real world, personal interactions and self-disciplines are more important than theories, raw data and Excel sheets" Mark McCormack emphasizes on the importance of reading people, creating impressions, taking the edge, getting ahead, making...2020-12-1404 min
iGrand Business RadioWhy Big Companies Need Smaller CompaniesScripted by Rick Okinda, first published in the iGrand Business Review on August 27th 2020. This podcast tells the entrepreneur in the SME category why his/her contribution is key in the business ecosystem.
The traditional approaches that established corporations pursued to build a big clientele included opening of branches in different regions, hiring regional agents and sales representatives, forming an internal distribution department and visiting particular places on market days to sell directly to customers. This has been the organized structure of many corporations in the past decades.
With the onset of e-commerce, these structures...2020-12-1403 min
iGrand Business RadioBuilding A Railway EconomyThis Podcast outlines Why Kenya’s wealth relies on a dense railway network. It was scripted by Rick Okinda and published in the iGrand Business Review magazine on July 27th 2020.
The largest cities in Kenya today have a thing in common, all the three have been important railway terminals for a long time. Nairobi became Kenya’s capital city in early 1900’s when the swampy town became connected to Mombasa port through a railway line. Kisumu on the other hand has expanded in size since 1901 when the railway line was connected to the lake port. The difference in siz...2020-12-1403 min
iGrand Business RadioBook Review EcclesiastesRick Okinda scripted a review of the Book of Ecclesiastes highlighting Biblical insights on investment.
Cast your bread upon the waters, for you will find it after many days. This verse reminds us of the concept of time that is needed for any investment to mature.
Give a portion to seven or even to eight for you know not what disaster may happen on earth. The preacher brings the concept of risk and diversification of investment as its remedy.
He who observes the wind will not sow, and he who regards the clouds will not reap. Solomon addressed...2020-12-1402 min