Author: Khusoko

For most businesses, expansion, especially to a new geographical area is both an exciting but also expensive and nerve-wracking process.  As the global economy is shifting and changing, due to globalization, this is becoming a necessary move for most businesses. And it is no different in the dynamic and agile telecommunications sector which involves building operations from the ground up.  Establishing new networks or infrastructure from scratch in untapped markets requires significant upfront investments, extensive network rollout, regulatory compliance, and patience before profitability can be achieved. In economic terms, this foreign direct investment is known as greenfield operations. From experience,…

Equity Bank, a financial institution that was once considered the least performing among the 66 banks in Kenya in the early 1990s, has undergone a remarkable transformation. From those challenging beginnings, the bank has emerged as an industry leader and has now been recognized as the overall best bank in the country for 12 years running at the 18th edition of the prestigious Think Business Banking Industry Awards. This well-deserved accolade serves as a testament to Equity’s unwavering commitment to transforming livelihoods by offering services that socially and economically empower consumers, businesses, and communities. This year’s Think Business Awards further…

In recent years, the on-demand economy has experienced a significant surge, revolutionising the way people access goods and services. Among the most notable players in this transformation are Glovo, which has reshaped consumer behaviour and disrupted traditional business models. One of the most remarkable benefits of on-demand delivery services is convenience. With on-demand delivery services, consumers can now order food, groceries, pharmaceuticals, and even household essentials from the comfort of their own homes or office, and have them delivered right to their doorstep. This saves valuable time and effort but also allows for seamless integration of services into our busy…

Africa is one of the world’s most vulnerable regions to climate shocks. The continent’s overdependence on rain-fed agriculture and pastoralism exposes it to the vagaries of climate change.  As a result, hunger affects 282 million Africans, a number that will grow to 350 million by 2050. Many of these victims are young people who are increasingly jobless on account of the failing farms and other enterprises across the agricultural value chain. This large youth population is constantly entering the labour market requiring African economies, which are predominantly agricultural, to rapidly create a large number of jobs. This presents structural economic challenges that are exacerbated by pressure from climate change as environmental and agroecological changes result in…

Valine Akoth was named the overall winner of the NCBA-sponsored Saturday Mug at Thika Barracks Golf Club after she carded an impressive score of 43 Stableford points.  The tournament brought together a field of over 73 golfers from Thika and its environs. Christine Kamais with 34 points took home the overall lady winner while William Musili claimed the overall male winner, having garnered 36 Stableford points.  NCBA Bank has been sponsoring golf tournaments in Kenya. The bank is looking at growing the sport from a regional outlook in the counties by creating a platform that enables golfers to swing their…

Economic policymakers in Africa have cited access to reliable, credible and up-to-date economic data as a frustrating challenge in their quest to chart favorable development plans.  Speakers at the 2023 African Econometric Society (AFES) conference led by Kenya’s National Treasury Cabinet Secretary Prof Njuguna Ndung’u and the African Economic Research Consortium (AERC) Executive Director Prof. Théophile Azomahou highlighted the need for reliable economic statistics and related data provided by econometric professionals to aid development planning in the continent. Econometrics uses economic theory, mathematics, and statistical inference to quantify economic phenomena; effectively turning theoretical economic models into useful tools for economic…