According to statistics, more than 400,000 small business start every month, but only a small percentage thrive to 10 years and beyond. Research by KNBS on survival rates of small business states that 46 percent fail in the first year, 4 percent during the 5 years and 11 percent during the first 10 years and sadly only a small percentage make it through to 15 years. What causes the failure and how can you mitigate the issues that cause the shutdown to ensure your business become a corporate giant. In this article, we will go through some of the major…
Author: Khusoko
Khusoko
Khusoko provides market insights into Africa's business investment as well as global trends that impact East African businesses.
Toyota Tsusho Corporation is aiming at integrating its operations in East Africa under the CFAO Group. Japan’s Toyota Group bought French distribution company CFAO in 2012, giving it access to businesses ranging from mobility, healthcare, consumer goods as well as technology and energy. The integration process which began in December 2017 has created a conglomeration of 140 companies across 36 nations and a presence in 53 of the 54 African countries. According to CFAO Group Chairman and Chief Executive Richard Bielle, the Group has 15 production facilities across the continent and intends to increase its local manufacturing, assembly and value…
Safaricom (NSE: SCOM) has acquired the Tier III Design Certification from Uptime Institute for the Thika Data Center. The certification was achieved after a thorough forensic assessment of all aspects of Safaricom Data Center design by Uptime Institute experts’ team. Thika Center is the main data center for Colocation services demonstrating the telco’s commitment to offering added value to its large Enterprise customers. “We want to provide our customers with the best connection, in the best facilities, no matter where they are. We are glad to have an independent verifier declare that our facilities are up to scratch and are…
New statistics show that the life expectancy of people living in Kenya has increased in the last 8 years from 57 in 1991 to 67 in 2017. “Between 1990 and 2017, Kenya’s life expectancy at birth increased by 9.8 years, mean years of schooling increased by 2.8 years and expected years of schooling increased by 3.0 years,” according to the United Nations Human Development Indices and Indicators: 2018 Statistical Update. Many factors like improved nutrition, access to fresh water, recovery from HIV epidemics and decreases in child mortality have led to an increase in life expectancy to 60.7 years compared…
The second edition of the Chapa Dimba Na Safaricom youth football tournament season two has partnered with Spain’s top football league, LaLiga. The partnership involves a scouting program that will see certified LaLiga coaches travel to Kenya to search for talented players, both boys and girls, who will make up an all-star team. “We are very excited to be bringing on board LaLiga to add to the already existing partnership we have with FKF for this second season of Chapa Dimba Na Safaricom. As you know LaLiga is home to some of the best footballers in the world including five-time…
The European Commission wants a new ‘Africa – Europe Alliance’ to deepen economic relations and boost investment aimed at creating up to 10 million Africa-based jobs in the next five years. “Africa does not need charity, it needs true and fair partnership. And we, Europeans need this partnership just as much. Today, we are proposing a new Alliance for Sustainable Investment and Jobs between Europe and Africa. This Alliance, as we envision it, would help create up to 10 million jobs in Africa in the next 5 years alone,” said President Jean-Claude Juncker. The EU’s foreign policy chief Federica Mogherini…