
It’s an interesting photograph. In the middle there is a sparkling new Rolls Royce parked in a city street; clearly, the owner is doing very well. But wait, to the left there seems to be an open drain running alongside the glittering car. And to the right of the limousine a very young child is […]
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The other day, and much to my surprise, I came across a public servant who seemed to take enormous pride in just doing his job well. In Kenya. If you’ve picked yourself up from the floor, let me continue. I encountered a thorny issue, and contacted the relevant government department to try and sort it […]
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An employee of Trader Joe’s recently filed an unfair labour practices charge against the company in the US. Thomas Nagle was reportedly fired by Trader Joe’s in September; his offences apparently included an “overly negative attitude” and not smiling warmly enough. In his performance reviews Nagle had been criticized for not greeting a manager with […]
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I love visiting Cape Town. During a recent business trip, I paid more attention to exactly what I like about that city. Certainly, it has a beautiful setting, where a raucous ocean meets the majestic Table Mountain. Certainly, it is a culinary capital and has great food choices. Certainly, it is one of the best-run […]
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Donald Trump is now the world’s most powerful man, put there willingly by the world’s most successful nation. There were people who saw this coming, but I wasn’t one of them. I did not believe that a majority of voters would install this man as their leader. Consider what has just happened. Americans have voted […]
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I was asked to speak at a conference for insurers recently, and I decide to rattle their cage. Their old business model, I told them, is already over. It’s just that they may not know it yet, because the many changes that will upend their business are invisible right now. To understand why insurance must […]
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Predictably, my column last week brought on a storm of responses. I wrote then that we might soon all be considering universal basic income (UBI) a possible response to a changing world. We might think it appropriate to give every person in the country an income to cover essential needs – without linking that income […]
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What would you say if I told you we might soon be giving every adult a basic income – whether they work or not? You would think I’ve finally flipped and lost my marbles after coming close to doing so many times in the past, yes? Well, allow me to explain a little further before […]
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Nairobi in October is a sight to behold. It is as though a giant hand descends from the heavens wielding an artist’s brush, and paints vast swathes of the city a beautifully subtle shade of purple. I am referring, of course, to the fact that we have so many Jacaranda trees in our city. They […]
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In the early 1990s, IBM was a company in deep trouble. From being a globally dominant vendor of information technology, it was floundering. It was trapped in the thinking of its past, and failing to move with fast-changing trends in technology. An outsider, Lou Gerstner, was brought in to revive the giant corporation. In his […]
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Two years ago I wrote on this page about Uber, the taxi-hailing app that has taken the world by storm. At the time, Uber had not entered these shores. It did so shortly after, and as predicted, overran the local taxi industry. One year ago I wrote that it was time to start thinking about […]
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In her book Signals, author Pippa Malmgren asks us to understand how the world economy works by going back to the ancient Greek concepts of Hubris and Nemesis. Hubris is what happens to people when they overdo it. They succeed, and therefore they become overconfident. They think they have unusual powers. They imagine they are […]
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A few weeks ago I warned on this page that Kenya’s banks faced a ‘new normal’ – an era in which they would have to respond to tighter regulation, as well as innovate furiously just to survive. Well, that was before rate-capping knee-capped the industry. The recent Banking Amendment Act has ensured that banks in […]
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“There are no circumstances in which you should be seen here in brown shoes.” Those were the words uttered by one of the old warhorse bosses in my first-ever job. He was talking to a group of us who had started out straight from university, in a global consulting firm located in the City of […]
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Mark Zuckerberg, founder of Facebook, was in Nairobi the other day. I thought we would note that and get on with our lives, but quite a sensation was created. I am really reluctant to add to the commotion, but I feel a couple of observations are necessary. Facebook is undoubtedly one of the most important […]
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Image: Tenz1225 / Flickr I was using the mobile app of a top-notch global newspaper I subscribe to, and noted a prominent new feedback button. It asked for any thoughts, insights or ideas about the user experience on the app. I clicked it and shot off a quick point: that their app (unlike their cutting-edge […]
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At the start, it looked like a fearsomely crowded field. There seemed to be a dozen or so highly talented fellows who could win this thing. I knew we had an outstanding man in the race, but I was afraid. There were many others there who looked equally well prepared and in prime physical condition. […]
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Many years ago I visited a European capital after a travel hiatus, and tried to rent a car from the airport. To my surprise, none of the car-hire companies would accept my money. Cash, in their own currency. Legal tender. No deal. When I asked why, I was told it simply wasn’t worth their while […]
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For many people, the pinnacle of their existence occurs when they rock up at the village of their birth in a gleaming new 4WD. Or when they hold the housewarming party (which, let’s admit it, is just a house showing-off party) at their new abode. Or when they place that new iPhone on the table […]
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Criticism stings. It really does. When someone criticises us, our ego reacts immediately. We feel as though we are being belittled. Our efforts seem to be going unappreciated. We feel judged. We think we are being put down, made to feel inferior. For all those reasons our mental walls come up. Much of the criticism […]
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Technology threatens to upend our assumptions about work, employment and income. Is this a real threat to society, or just hyperbole? First, the optimistic scenario. When I was a young man in an economics class many moons ago, I was introduced to the “lump of labour fallacy.” This is the idea that there is only […]
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You know that the employment landscape is undergoing fundamental upheavals, right? You appreciate that the advent of robotics and artificial intelligence is going to give automation a big push, I hope? You realise that some studies suggest nearly half of all today’s jobs could be lost to automation – yes? And that it won’t take […]
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It starts as a pulsating thud in the evening and gets progressively louder as the night goes on, often going into the early hours of the morning. Many, many Nairobians lie on their beds wide awake because of this noise, wondering what happened to good neighbourliness. The noise I refer to is the music being […]
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A bank is a very special institution. When you become a custodian of other people’s money, you become bound by very particular regulatory rules to ensure you do not misuse the privilege. When you lend that money out to others, society must ensure you do not use that power to bring those others to ruin. […]
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The market reactions said it all: the pound plunged to levels last seen in the 1980s. British shares endured a bloodbath, some losing a third of their value. That tells you that no one had factored in a ‘Brexit’ – Britain voting to exit the European Union. I know I hadn’t – I never thought […]
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This is a story about two mothers. The two women live side by side. They are neighbours. Each has a child, of similar age. The children go to the same school. The two mothers are often at each other’s houses, since they have much in common. They discuss the school, its teachers, their children’s nutrition, […]
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We are constantly peering over fences and into windows. The lives of others fascinate us. We have a lifelong obsession with knowing what they are doing; how they do it; what we need to copy from them. What are they wearing? Where do they get that stuff? How do they look so effortlessly stylish? I […]
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Ernest Hemingway’s The Old Man And The Sea was probably the first proper work of literature I read in school. Its vivid descriptions of ocean life and the ultimate heartbreak of the old fisherman stayed with me for long afterwards. I am always drawn to the sea, and for the past few years I have […]
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