investing in Kenya Archives - AfricaBusiness.com

7Sep

By Faizal BhanaNo Comments

Kenya News

Challenges of Governance and Succession; A Focus on the Integration of the NexGen in Family-Owned Businesses in Kenya

Written By Faizal Bhana, Director – Middle East, Africa, and India, Jersey Finance Family-owned businesses in East Africa have been instrumental to the socio-economic development of the region and a catalyst for the growth of the private sector. With a long multi-generational history, their focus has been on manufacturing industries, consumer goods, construction, and agriculture. Hence the need to ensure a more integrated and structured wealth transfer method, particularly with the next family generation (‘the NextGen’) for longevity purposes. According to research by Asoko, there are 645 family-owned businesses earning between US$10m and US$100m in East Africa. Nearly three-quarters of these companies are Kenyan with Uganda, Rwanda, and Tanzania accumulating 2% of the total figure each....

Towards a circular economy for plastics, where it does not become waste

Plastic, plastic, plastic everywhere! Not a place you can turn to without being greeted by the sight of plastic. Plastic is a doubled edged sword. It is very much a part of our lives, being a packaging material for many of the products we consume and also being a primary or secondary raw material for many items including electronics, furniture, motor vehicles, planes and ships. Its affordability and availability makes it the natural go to for manufacturers and producers seeking to maximize return on investment. At the same time, plastic presents serious challenges to almost every nation. Just what do you do with plastic when you no longer need it? Hide it, burn it, bury it, dump it or simply toss it away? Each of these choices comes with a steep price on ecosystem health and environmental ...

The Opportunity Cost of Doing Business for SMEs in Africa

Fintechs are Easing Access to Credit for Small and Medium Enterprises. The African economy has gathered momentum over the years, with an estimated increase of 3.8% of the real output growth in 2017. As the largest economies gradually strengthen, the 2018/2019 performance should reach 4.1% according to the African Development Bank. This economic growth and sustainable development has largely been contributed by Small and Medium Enterprises (SMEs). In Kenya for instance, SMEs contribute approximately 40% to the GDP and employ over half of the country’s workforce. Yet, becoming a profitable SME in the continent is never a smooth sail for many. There’s the presence of stringent government regulations in several countries, though the flexibility of doing business in others is a force to be re...