Is Kenya Experiencing An Entrepreneurship Bubble? (Part 1), by JORAM MWINAMO

Posted in Entrepreneurship



Kenyans have a tendency to attack new opportunities in droves. First, it was the stock market IPOs. Then came pyramid schemes, then various multi-level marketing schemes, then came greenhouse farming (remember the tomatoes in your friends' car boot? or your boot?) , then the infamous and magical QUAILS . And now we have the unending land and property buying sprees, despite the fact that some of the property prices make no business or investment sense whatsoever. Some houses have their return on investment pegged on being enjoyed by grandchildren! But that is a story for another day.

Entrepreneurs: Be Brave & Let Go of That Big Unprofitable Client!, by JORAM MWINAMO

Posted in Entrepreneurship



Be Brave
I have worked with many entrepreneurs for over 10 years now. And I have come to see a trend that many of us seem to believe grows our businesses while in actual fact, it may cause a lot more harm than good to our growing enterprises. I have occasionally fallen prey to this trend myself. That trend is that for some reason, many entrepreneurs strongly believe that killing yourself to have that big brand company as a client is good for growing a small business.

HELP! My Cash is Stuck at Chase!

Posted in Entrepreneurship



Dear Chris,

I am an entrepreneur who runs an SME and I was banking with Chase Bank (the only account I have by the way). My clients who had held my funds for over three months had just issued me with a payment this Monday by RTGS. I was paid KShs 2.5Million and on Tuesday I wrote a majority of my suppliers their payment checks as I had promised them and they picked them on Tuesday afternoon. Today they have called to ask for an alternative settlement now that their banks have declined to accept Chase bank checks. What should I do? How soon can I expect my funds to be available?

Management Hubris & the Shock of Capped Interest Rates, by KIRIINYA KITHINJI

Posted in Strategy & Advisory

Management Hubris, Bank Interest Rates


President Uhuru's assent to the law capping interest rates (officially known as the Banking (Amendment) Act, 2015) is the ultimate nightmare for Kenyan banks.


Nevertheless, they should have seen it coming, and I would place the blame squarely on management hubris.


The top management of the banks clearly forgot or chose to ignore the good old "P" in the PESTEL analysis tool commonly used to analyze the attractiveness or otherwise of the overall business environment.

How we are failing Our Children/Students

Posted in Human Capital Development


We get children and send them to school at the earliest possible age since we want them to learn, socialize and get ready for the world they are living in.

In school they meet teachers who are there by mistake or chance, sometimes underpaid, overworked and unappreciated. The few teachers who are teaching because they love children and imparting knowledge.

Ver few teachers chose education for the love of it and so we entrust our children’s learning to these people.

We then proceed to demand a lot from them daily. We abrogate a lot of our parenting responsibility to these people and focus on raising money for fees and other things.\It is not uncommon to hear parents talk of sending their children of to boarding at the earliest possible opportunity so that we can stop worrying about what they are up to.

We judge our children’s development from the report cards given in school and rarely engage the staff beyond the school dairies and infrequent parent teacher conferences. Even then the interaction is rushed and harried since we need to get back to work.

On weekends we are all over, hustling and only spend a few moments with the children on Sundays if any at all. During the week the focus of our interaction with the children is centered around homework and stuff that should be done for school. Some even have house helps handle this.

Our curriculum development/change process and implementation has always been fraught with challenges and we seem are on another trial mode and pilot stage for a new curriculum which sounds good but is already experiencing previous implementation challenges.

The new world is more than school, schooling and grades. It’s about education to meet the challenges of a new world. According to the World Economic Forum Future of Jobs report the nature of work is changing due to: flexible work: Middle class in emerging markets, Climate change, natural resources, Geopolitical volatility, Consumer ethics, privacy issues, Longevity, ageing societies, Young demographics in emerging markets, Women’s economic power, aspirations and rapid urbanization. Technological changes impacting the future of jobs include Mobile internet, cloud technology, Processing power, Big Data, New energy supplies and technologies, Internet of Things, Sharing economy, crowdsourcing, Robotics, autonomous transport, Artificial intelligence. manufacturing, 3D printing. Materials and biotechnology.

Between 2015-2020 the skills that will be in high demand include Cognitive Abilities, Systems Skills, Complex Problem Solving, Content Skills, Process Skills, Social Skills, Resource Management Skills, Technical Skills and to a lesser degree physical Abilities.

How are these being developed in our children? can they only be left to the formal schooling system or should parents take an active role in developing these skills?

From our last children’s camp Early Start we were impressed to see children as young as 7 years when given the opportunity display some of these skills at their age level. Children formed companies, hired help, branded and actively marketed their products and worked towards a profit. They made and lost money, struggled to comprehend some business terms and manners and cope with the hustles of a business simulation.

Let us consciously as parents, teachers, schools, countries and the world prepare the children not for the world of yesterday but for the world of today


The Future of Jobs, Global Challenge Insight Report, Employment, Skills and Workforce Strategy for the Fourth Industrial Revolution for the World Economic Forum January 2016