These are interesting times in world business. In the early part of this year, the international corporate community was gripped by the audacious bid by Mittal Steel, the world’s biggest steelmaker by volume, for Arcelor, the second-biggest producer. Arcelor’s strongholds are in Europe; Mittal’s are in emerging markets and in America. So the two companies […]
Read MoreA couple of weeks ago, I wrote about the remarkable charitable efforts of the world’s two richest men, Bill Gates and Warren Buffet. In particular, I enthused about the new business-like and systematic approach to philanthropy being pioneered by the Gates Foundation. I almost regret writing that article. My in-box has been inundated with mail […]
Read MorePatriotism is back on the agenda. We are at that stage in our evolution where we need to define what a ‘Kenyan’ is. Nations only prosper when its people possess common cause and unity of purpose. But what, exactly, is a Kenyan? Is it something defined by your passport or ID card? Your domicile? By […]
Read MoreSo our five tumultuous by-elections are done. Did we learn anything, and are we moving forward? I am afraid the answer to both questions may be “no”. Like a tape running on rewind, we may actually be unlearning what we know whilst driving backwards. How can we be said to be moving forward when we […]
Read MoreThe man who amassed the biggest fortune in history is going to devote the rest of his life to giving it away. The man who amassed the second-largest fortune in history is joining him. If there was bigger news than that this year, I must have missed it. This is remarkable stuff. Bill Gates, the […]
Read MoreLast week this column highlighted the issue of transparency as a key weapon in the war against corruption. Here’s some more evidence. Researchers recently set up a secret experiment at the University of Newcastle in the U.K. Work colleagues were asked to put money into an ‘honesty box’ to pay for their hot drinks, rather […]
Read MoreThe World Bank likes to conduct a little test. Imagine you are the last person to leave work late in the evening. You approach your vehicle in the secluded car park. You see a white envelope lying on the floor. You pick it up and find that it contains twenty $100 notes. No one is […]
Read MoreThe facts so far: two “brothers”, both calling themselves “Artur” arrived in Kenya some months ago. They were purportedly “investors” – something that was confirmed by senior government officials. Later, we discovered that these “Armenians” seemed to have all sorts of amazing powers in this country. They appeared to have the freedom to do whatever […]
Read MoreEvery four years Africa goes to football’s World Cup. Every four years Africa returns empty-handed. Perhaps it’s time to ask why. The first rays of hope emerged in Italia 1990, when Cameroon arrived at the tournament with a bang. They managed to progress beyond the group stage – from a group that contained holders Argentina […]
Read MoreIn which language do you think? When I was ten years old, it became clear to me that I generally think in English. Many years later, the repercussions of this seemingly innocuous discovery became apparent. Since then I have tussled with the idea of ‘my’ language, and its loss. ‘My’ language is Punjabi. But Hindi, […]
Read MoreLast week Mr. Amos Kimunya was the youngest Finance Minister in my memory to present the country’s annual budget. And it showed. KPMG Kenya’s Richard Ndungu, writing in The EastAfrican, entertainingly described Mr. Kimunya as our Chief Plucker – a play on the meaning of his name in Kikuyu. And the Minister certainly proceeded to […]
Read MoreNot too long ago, an offer of a position as a non-executive director was one you would accept with alacrity. Power without responsibility? Just four or five meetings a year? The company’s management does all the work, while I ask a couple of intelligent-sounding questions here and there and play the wise and experienced sage? […]
Read MoreThe Economic Survey is not a best-seller. Produced annually by the Central Bureau of Statistics, it is our main compendium of numbers about the economy. Most people do not have the time (understandably) or the inclination (less so) to trawl through it. Fortunately, some mugs can be persuaded to do it on your behalf and […]
Read MoreThe dramatic KenGen flotation story is far from over. A quarter of a million Kenyans stepped up to partake in the buying frenzy that was the country’s biggest-ever Initial Public Offering (IPO), and became shareholders. For some it was their first venture into stock-market investment; other, more grizzled investors tapped their noses wisely as they […]
Read MoreThe road leading to my office has been full of potholes for years. Negotiating them has always involved remarkable spins of the steering wheel. A few months ago, however, the potholes were filled in and the whole road was given a patching up. We rejoiced. Just one short rainy season later, the potholes are back. […]
Read MoreThe smell of elections is in the air again. Perhaps it’s just the fallout from the Marsabit air crash, and the resultant by-elections. Whatever the cause, the kaleidoscope that is Kenyan politics is rotating again. New parties are being formed, and old ones unceremoniously dumped. Alignments are shifting, and ambitions emerging. Accusations of betrayal assault […]
Read MoreThis country appears to be obsessed with football – as long as it’s not Kenyan. We spend many months engrossed in the ins and outs of the English Premiership, La Liga and Serie A. And now we’re all preparing for the ultimate festival of international football – the World Cup itself. All Kenya, it seems, […]
Read MoreWe’d rather talk about success than failure. The human race gets great succour from tales of greatness. We like to idolise, and we habitually build up our ancestors, our leaders, our managers into mythical figures whose successes become legendary. We would do better to discuss failure, says Paul Ormerod, for failure is a more widespread […]
Read MoreThis Sunday, let’s lift the clouds of gloom that threaten to cover us completely. Just for a day, let’s dare to dream again. What lies ahead for this country? What can we look forward to for our children? Go outdoors and feel the fresh air in your lungs. Find a comfortable patch of grass on […]
Read MoreThere we go again. Another plane fell out of the sky. Only this time it took the lives of many top leaders from a part of Kenya that could ill afford to lose them. May I take you back to January this year? Forgive me for repeating myself, but this is what I wrote then: […]
Read MoreRemember the seventies? Ah, glory days! The streets were clean, and there was always parking to be found. The town and city councils actually did what we paid them to. Nairobi had mayors who were not drawn from the criminal or professional comedian classes. There were streetlights everywhere, and they actually worked. You could walk […]
Read MoreWe are a nation of creative entrepreneurs, we tell ourselves. Our ability to get something from nothing, to create hot air from thin air is the stuff of legends, we tell visitors. A Working Nation, half a million jobs a year? Ha, we tell our leaders: we have no need for the platitudes that feed […]
Read MoreLast week this column featured a ‘discussion’ held in the middle of one of Nairobi’s perennial traffic jams. A number of ‘participants’ from various disciplines put forward their points of view regarding the causes of our gridlocked traffic – and offered various solutions. My mailbox is testimony to the fact that this is a subject […]
Read MoreGreetings, fellow motorists. We appear to be in a traffic jam. Cars ahead, cars behind. Nowhere to go, nothing to do but wait. Perhaps we can have a little discussion as we sit immobile, to help pass the time? We all agree, I’m sure, that the main roads of Nairobi at rush hour are no […]
Read MoreFamily enterprises are the lifeblood of this country. From the humblest kiosk to the most expansive conglomerate: family-owned firms dominate the business landscape. We may imagine that this is a very Kenyan phenomenon, but it is actually true the world over. One-third of the 1,000 largest companies are controlled by families; more than half of […]
Read MoreHi youngsters, it’s nice to have your company again. Many of you have just received your examination results, and are busy planning what to do with the rest of your lives. Careers, occupations and flight paths are on your minds. And I’m sure there is no shortage of advisors: parents, teachers, peers and a variety […]
Read MoreWe are a little crazy about wealth in this country. It sometimes feels like every person wakes up every morning with the same wild-eyed obsession: More money! More property! More everything! A labourer can be found dreaming about when he will be able to move into a permanent dwelling; a junior executive might be in […]
Read MoreFusion music has taken over. Whether it’s in Hindi films, the pop charts, or even semi-classical experimental music, it’s only in if it’s of mixed parentage. The most popular filmi tracks of today sound like rock anthems. The sassy, globalised new generation wants music that’s hip and cool, in your face, funky and fitful. And […]
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