Scenarios for Kenya in 2040 | Business Redefined
What are the prospects for Kenya's economy in the medium-term? The Institute of Economic Affairs, IEA Kenya, posits that there are four possible scenarios that could materialize. The first is the 'Madaraka Realized' scenario where state capacity improves and there is greater economic freedom with a private sector led economic growth model; the second is the 'Jua Kali Kingdom' where there are favorable policy reforms but the state is ineffective and institutions are weak preventing the implementation of the favorable reforms; the third is 'Managed Stagnation' where state capacity improves but policy direction is not supportive of a well developed private sector leading to failure in Industrialization of the economy & finally the 'Eastern Sunset' scenario where the state is ineffective and policy environment is not conducive to development of a vibrant private sector. For more on this, we speak to the IEA Kenya CEO, Kwame Owino.
The State of Financial Markets | Business Redefined
This week, we had a conversation with Stella Mambo - Director of Global Markets on a raft of issues including:
- Unpacking the nuances of the 8th Edition of the ABSA Financial Markets Index
- The Issuance of Kenya's bond issuance calendar & what it means for the market
- Rethinking distribution in solving for retail investors in Kenya's & East Africa's, capital markets
- Emerging issues such as the proposed withholding tax on infrastructure bonds
50/50 Women On Boards | Business Redefined
Governance is emerging as a key pillar of sustainability in businesses with a growing focus on the need for gender parity across leadership and operations. 50/50 Women on Boards is a global nonprofit founded in 2010 with a mission to accelerate gender balance and diversity on corporate boards. With a vision for women to hold 50.0% of corporate board seats & women of colour to hold 20.0% of all corporate board seats, the non-profit invests 84.0% of our funds in its educational programs & advocacy efforts to empower women to lead as board directors. Business Redefined hosted the co-founder of the Africa Chapter, Philana Mugyenyi, & the Nation Media Group COO, Monicah Waceke, to explore what this means Kenya & Africa
November 25, 2024
Proposed Tax Laws Amendments | Business Redefined
The government is in search of Kes 174.0 billion in additional revenue in 2024/25 through the raft of revenue raising proposals contained in the Tax Laws (Amendment) Bill 2024, the tax procedures (Amendment) Bill 2024 & the Business Laws (Amendment) Bill 2024. This episode we delve deep into the 3 bills & what the proposals mean.
November 13, 2024
Unlocking Trade Finance | Business Redefined
On this episode, we talk about growing trade & bank intermediated trade finance with Absa Kenya & KAM. A deep dive into, among others, letters of credit, structured commodity finance arrangements & supply chain financing.
November 7, 2024
Kenya Power Full Year Earnings | Business Redefined
Kenya Power has posted a shock Kes 30.0Billion in FY2024 net earnings & resumed dividend payment (KES 0.70/share first & final) after a 7 years drought. On this episode we have one -on-one with Kenya Power's General Manager Finance, Stephen Vikiru, with all the details on the earnings.
October 31, 2024
Public Service Superannuation Fund | Business Redefined
On this episode, taking stock of the 3 years of the Public Service Superannuation Fund.
On the agenda:
· From defined benefit to a contributory scheme. The experiences, challenges & learnings
· Growth in assets under management & the investment mix
· The search for yield & portfolio diversification opportunities beyond traditional asset classes
· Legal Notice No.18/2024 from the Retirement Benefits Authority, government paper valuation & impact on the portfolio
October 28, 2024
Bancassurance in Kenya | Business Redefined
On this episode, Bancassurance lived up to the roll out hype? Has it significantly changed the distribution & retail push for insurance deepening in Kenya? What does the transition from IFRS4 to IFRS17 mean for the insurance sector from a capitalization standpoint?
October 16, 2024
Sustainable Finance | Business Redefined
On this episode, the sustainable finance landscape in Kenya & the region:
- Standardization & emerging regulatory guidelines
- Data & capacity gaps & their impact on sustainable finance taxonomies & disclosure requirements
- Availability of funding & the search for a steady pipeline of bankable green projects
- Climate related risks, the existing prudential toolkit & progressive development of tools for assessing associated financial risks
Kenya's US$ 3.6 Billion IMF Programme | Business Redefined
On this episode, the IMF has concluded a staff visit to Kenya (see quoted tweet) even as the 7th Review & to the anticipated Executive Board meeting remains pending. In this conversation with Peter Doyle - Independent Economist, we take stock of the programme 3.5 years since its start & explore what options exist as it gets to its sunset.
September 24, 2024