How weak financial data costs East Africa billions in lost FDI

Workers dig trenches to lay fibre optic cables outside Nation Centre along Kimathi Street in Nairobi. FILE PHOTO | NMG   

By CHARLES MWANIKI More by this Author

External investors looking for merger and acquisition deals in East Africa are facing challenges when conducting due diligence and valuing potential targets due to low-quality financial data, potentially costing the region valuable foreign direct investment inflows.

State to pay pension savings for 15m Jua Kali workers

Jua Kali Artisans who specialize in making Jikos at the workshop located along Landhies Road on May 11, 2022. PHOTO | FRANCIS NDERITU | NMG

By CONSTANT MUNDA More by this Author

The Kenya Kwanza regime has pledged to top up by half the retirement savings made by workers in the informal sector in an ambitious plan aimed at more than doubling national savings in the near term.

How M-Tiba penetrated the Nigerian market

Moses G. Kuria, Managing Director, M-Tiba. PHOTO | POOL

By Winnie Onyando More by this Author

When health tech firm M-Tiba entered the populous Nigerian market, it achieved what has remained an elusive goal for most Kenyan companies.

Why the absence of a dedicated ministry is good for devolution

Leaders during the 7th and annual devolution conference held at Makueni County on Wednesday, November 24, 2021. PHOTO | DENNIS ONSONGO | NMG  

By COLLINS ODOTE More by this Author

When President William Ruto announced his Cabinet a few days ago, one of the things that stood out was the omission of the position of a Cabinet Secretary

Don’t drive your employees nuts, experts ask employers

PHOTO | SHUTTERSTOCK

By LYNET IGADWAH More by this Author

Employers have been asked to prioritise early diagnosis of mental health problems among staff in order to reduce productivity losses that negatively impact company performance.

Varsities plan to tap innovations for more revenue

The University of Nairobi. FILE PHOTO | NMG

By JOHN MUTUA More by this Author

Public universities are targeting commercialisation of their innovations and research, and creation of endowment funds to help diversify revenue and ease the cash-flow woes that have forced them into painful reforms.

How new inflation taxes will slash 35,000 jobs

PHOTO | SHUTTERSTOCK

By ELIZABETH KIVUVA More by this Author

Manufacturers estimate that Kenya will lose over 35,000 jobs and billions in taxes if the Kenya Revenue Authority (KRA) implements the 6.3 percent inflation adjustment on excise duty expected to push goods out of the reach of many consumers.