By BONIFACE NGAHU
Posted Monday, August 4 2014 at 15:53
Posted Monday, August 4 2014 at 15:53
In Summary
We discussed the shortage of technical skills. I
mentioned the Mombasa-Nairobi standard gauge railway construction will
require thousands technical workers, meaning the supply for such skills
in Kenya will be tested by the project.
Recently I called my fundi to repair a roof that was
leaking. He assessed the damage and gave an estimate of the cost. He
then offered to buy nyama choma (roast meat) since he wanted to consult
on some issues.
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He spoke about a business he recently opened in Kitui County
and an order for doors and windows he had secured from a construction
company there. His dilemma was that a wielder he had employed eloped
with a girl and disappeared after doing half the work. Getting a
replacement has been quite difficult because, “people are not enrolling
for those courses nowadays,” he said.
We discussed the shortage of technical skills. I
mentioned the Mombasa-Nairobi standard gauge railway construction will
require thousands technical workers, meaning the supply for such skills
in Kenya will be tested by the project.
The number of universities in Kenya seems to be
rising more than that of technical institutions. However, the government
is addressing this worrying trend in plans to fund expansion of
polytechnics and technical institutions. The ongoing construction
projects and devolution will increase demand for such skills and the
market might just correct in the medium term.
It appears that such technicians may also need
training in soft skills such as customer service and life skills so that
they are prepared for the real world of business and entrepreneurship
which provides most jobs in Kenya. Good work ethics will ensure that the
future technicians will be sustainable and improve their image.
During the discussion, the technician also sought
to find out the best bank for a small firm. I told him that Chase Bank
is said to be doing well in serving SMEs. I also mentioned Faulu’s Chini
kwa Chini advertising drive on low interest rate. However, we finally
settled for Equity Bank since they also have a branch in Kitui.
He also talked about plans to open a showroom in
Eastleigh, Nairobi. After his curiosity about his business was
addressed, he decided to ask about mine. He said he knows I conduct
research and wondered whether we have carried out any study on women.
Apparently women intrigue him by the way they make personal and business
decisions.
I told him that understanding women is quite an
uphill task but we have conducted a lot of research. As Market Talk has
indicated in the past, women control more than two-third of buying
decisions and their purchasing power has been increasing over time.
He said he had some high-end women clients and his
friend who sells land along Kangundo Road in Nairobi told him that three
quarter of land buyers in his venture were women. I mentioned a handbag
content research we carried out some time back and the interesting
things we found in Nairobi women’s handbags.
He asked why nowadays there are so many girls
wearing tight clothes and short skirts. I responded that women are very
expressive and their dress code indicate how they could be feeling
inside. The more liberal they dress the better the economy is likely to
perform, I observed.
Shorter average length of skirts on the street
indicates better the economic prospects. I explained how I presented
that concept at a fun research competition in Switzerland. One of the
lady judges indicated that as far as she was concerned women dress
according to the weather — if it is cold they dress warm, if it is hot
they dress light.
I responded that some analysis of stock prices at
the New York Stock Exchange over time found that on sunny day investors
were more willing to pay higher prices for stocks and the index would
trend upwards compared to cold days when they would be more bearish. The
mood boosting ability of the sun means we should always enjoy a bit of
it when it shines.
Society responds to simple things which have deep meaning for business and the economy.
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