Unlocking Success: How Businesses & Startups Thrive in Kenya's Economy! ??
Startup failures are a global phenomenon, affecting around 90% of startups worldwide, even in Silicon Valley, where the failure rate is 83%. Key factors contributing to these failures include internal challenges like performance pressure, talent issues, inadequate business models, and underutilization of data. External factors, such as economic downturns and market challenges, also play a significant role. However, startups like Little, without VC funding, have thrived by focusing on sustainable growth, customer value, and strong business models. These failures can be valuable learning experiences for startups, helping them adapt and succeed in the evolving business landscape. Delve deeper into the insights and strategies that can guide startups on their path to success in a challenging business landscape. — Read More —
Nairobi Business Venture (NBV) is joining the local electric motorcycle assembly market to tap into the growing global e-mobility trend. Their plans include setting up an assembly line at the Mlolongo facility, putting them in competition with Roam, Kiri EV, and others, and targeting Nairobi's bodaboda (motorcycle taxi) sector. Tax incentives for local assemblers align with the 'Buy Kenya, Build Kenya' initiative. While motorcycle registrations have fluctuated recently, they remain vital for urban transportation and deliveries, offering significant employment opportunities. Electric bikes present a solution to rising fuel costs, although pricing remains a challenge. Explore NBV's exciting entry into the electric motorcycle assembly market and the potential benefits for Nairobi's bodaboda sector and beyond. — Read More —
Individuals with intermediate rather than advanced levels of scientific knowledge tend to exhibit overconfidence, which subsequently results in a negative view of science and data. Click the link below to read the full article and explore strategies for fostering an evidence-based approach to decision-making in our workplaces and communities. — Read More —
Alex Musyoka's journey with Viebeg Medical Supplies illustrates the significance of data analytics in solving healthcare challenges in rural areas. Viebeg's health demand simulation models improve medical supply procurement, ensuring timely availability for clinics and hospitals while reducing risk. Alex's story emphasizes perseverance, team building, and innovative financing for business growth. Viebeg's success showcases the effectiveness of data-driven strategies and a commitment to addressing healthcare needs. Discover how data analytics is revolutionizing healthcare supply chains and improving access to essential medical supplies in rural areas. — Read More —
Africa's vast renewable energy potential, including solar and wind resources, could be a crucial player in the global sustainability movement. However, realizing this potential requires significant investment in infrastructure, including grids and storage facilities. Favorable policies, regulations, and affordable financing mechanisms are essential for attracting investments. Clean energy can reduce reliance on unsustainable fuels, enhance energy security, and offer cost-competitive solutions. Collaboration through cross-border energy networks can improve efficiency, and regional security, and provide electricity access to millions in Africa, significantly improving lives. Explore how investments in infrastructure, favorable policies, and cross-border collaboration can unlock the continent's clean energy resources, benefitting both Africa and the world. — Read More —
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Burning bridges in the workplace refers to leaving with immediate effect or when you are not on good terms with your employer. Curious to learn more about managing workplace challenges and difficult decisions, and how employees navigate complex situations and their implications? — Read More —
Kenya's approval of its first-ever Sukuk bond issuance, backed by Linzi Finco Trust, marks a significant milestone in the country's financial landscape. This Shariah-compliant bond, with an impressive 11.13 % internal return rate, aims to raise Sh3 billion for the development of over 3,000 institutional housing units. Keen to delve deeper into Kenya's groundbreaking Sukuk bond issuance and its potential impact on the country's housing sector? — Read More —
The Kigali Bulk Water Supply (KBWS) project stands as a successful water PPP pioneer in East Africa. This 40,000 cubic meters/day facility, with a 27-year concession term, defied water scarcity in a changing climate. Kenya could learn from KBWS to tap into PPP potential for drinking, irrigation, sanitation, and hydropower. Dive deeper into this innovative water solution. — Read More —
The Ksh7.97 billion guide price means the properties on sale have a market price worth more than Ksh10 billion given that auctions are by law allowed to pick a reserve price that is 25% below the market value. Economic challenges are reshaping Kenya's property landscape, leading to a surge in auctions of houses, offices, and land. — Read More —
After a decade of devolution, the bulk of the counties are yet to achieve their own-source revenue targets. Only four of the 47 counties made it in the financial year ended June 2023 highlighting the continued underperformance of the devolved units in revenue collection. Explore the challenges and implications of counties in Kenya struggling to meet their own-source revenue targets, and how this affects their financial independence and ability to fund development projects. — Read More —