Politics and policy
DTB staff follow proceedings during a recent press conference. PHOTO | DIANA NGILA
By NEVILLE OTUKI
In Summary
- The firm wants SMEs to explore innovative ways of boosting cash-flow and inculcating values.
DTB Group has provided a platform for small and medium-sized enterprises to interact and share growth-promoting practices.
The firm on Thursday convened its first meeting with about
40 enterprises from across sectors to explore innovative ways of
boosting cash-flow and inculcating values.
DTB chief executive Nasim Devji, citing the firm’s
humble beginnings, pointed out that every successful business had a
solid value system hence the need to cultivate a set of values.
“A successful company strives to meet excellence,
integrity, meritocracy, customer focus and progressiveness — one cannot
afford to be stuck,” she told the participants at DTB’s offices on
Mombasa Road, Nairobi.
Two other meetings are scheduled for next week.
Ms Devji cited the case of US-based camera firm
Kodak, noting that its lagging behind in embracing new technological
models was its undoing.
Though it invented its first digital camera in
1975, the firm failed to leverage on the new technology to gain a market
edge pushing its cash-flows in the red in 2012.
DTB, which has turned its focus on the broad-base
small and medium enterprises, looks to expand its base to the Democratic
Republic of Congo, Rwanda, South Sudan, Mozambique and Madagascar.
The expansion will be financed partly by the recent
Sh3.6 billion cash call that closed last week. The firm is yet to
disclose the performance of the rights issue.
Ms Devji asked the participants to take part in
assessments such as Top 100 mid-sized surveys to benchmark themselves
against other top industry players.
The annual survey is organised by Nation Media Group’s Business Daily
and audit firm KPMG and identifies fastest-growing mid-sized companies
in Kenya. Application for this year’s edition is ongoing until August
31.
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