The news that East African Breweries Limited became East Africa’s first billion-dollar company is indeed noteworthy. It is a milestone that reflects the company’s relentless march to levels of market capitalisation, turnover and profit not seen before in this part of the world. EABL is a path-breaker: it is a great engine in the economy, […]
Read MoreIs our Jua Kali (informal) sector a good thing? Opinion differs. The government clearly takes some pride in telling us that most of the 500,000 jobs “created” every year are in the informal sector. Like it or not, Jua Kali is a fact of life in modern Kenya. It is everywhere: on the streets of […]
Read More“If you want to go east”, a famous Indian sage used to say, “you mustn’t go west.” Underlying this deceptively simple aphorism is the realisation that we often profess to have certain goals, yet all our actions work in entirely the opposite direction. In a week when an international UN study has ranked us 11th […]
Read MoreOh, we’re in big trouble again. Accusations are flying, the mob is baying, the suspects are denying. Investors are nervous, donors are suspicious, civil society is riotous. The Executive sleeps, the economy creeps, and the poor Kenyan weeps. Another fine mess we’ve got ourselves into. What is it with us? Here we are again at […]
Read MoreYes, we need new jobs – half a million of them every year. Yes, we need to boost average incomes and purchasing power in this economy. But we do NOT need to create nonsensical “non-jobs” in order to achieve these goals. This should be obvious but apparently is not, even amongst the powers that be. […]
Read MoreNew York City, 1990: The unofficial crime capital of America, averaging over 2,000 murders and 600,000 serious felonies per year. A place where violence had become a way of life, where you took your life in your hands if you dared venture into the ‘no-go’ zones. A city reeling under the violent repercussions of a […]
Read MoreThe Tanzanian and Ugandan economies have been growing at a brisk pace for five years or more. Kenya, long in the economic doldrums, is showing signs of an ever-so-gentle upturn (shhhh…don’t frighten it). CEOs around the region are bracing themselves for a period of growth. It’s an exhilarating feeling – to be focusing on growing […]
Read MoreOnce upon a time, an East African corporation of substance had precisely that: plenty of physical substance. A major company would own, amongst other things: a resplendent corporate headquarters, complete with flags, statues and fountains; huge manufacturing or assembly plants; conference and training centres; vast fleets of vehicles; clinics and medical centres; kitchens and restaurants; […]
Read MoreThis is the era of good corporate citizenship. As governments are rolled back all over the world, big corporations are rushing in to fill the void. Business is now the principal engine of growth and development the world over, and society demands that corporations contribute to the social, environmental and economic goals of the communities […]
Read MoreDuring the early stages of the African Cup of Nations tournament in Tunisia recently, we learned something important: that the defence of our national team, Harambee Stars, is ‘porous’. This was the adjective favoured by most local commentators, implying that the defence leaks goals. Actually, during the 3-1 and 3-0 thrashings that our boys suffered […]
Read MoreThis week, I’d like to introduce a couple of Kenyans to you. January is traditionally the time of year that many of us try to accumulate calendars to give out to junior employees, underlings etc. This year, a dog trainer did a neat reversal on me. Instead of pleading for a cheap calendar from me, […]
Read MoreWe are in the grip of a peculiar madness. The whole of this year has been marked by agitation for more pay. In sector after sector, strikes and even riots have been witnessed, with the strident call ringing out across the land: ‘pay us more!’ No sector is immune. Whether you are a teacher, a […]
Read MoreThis week I would like to invite you all to a comedy show. Welcome, and please take your seats! Sketch 1: Phase 1 of the National Constitutional Conference is underway. Some interpreters sit in the middle of the auditorium amidst the clamour, translating the proceedings all day long using sign language for the benefit of […]
Read MoreIf you give a man a gun, ask him to risk his own life in order to protect you, and then proceed to pay him just KSh 5,000 per month, the outcome is certain: sooner or later, he will turn the gun on you. Why the government is unable to see this self-evident truth remains […]
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