Abstract Over the past decade, insurance and banking firms have undergone transformation in the manner they offer their products and services in a bid to remain relevant in the insurance industry. Kenya, just like many developing countries is still at the infancy stages of absolute insurance cover. Records indicate that majority of Kenyans are presently not under any insurance cover. The study assessed the effect of financial factors on insurance penetration in Nakuru town, Kenya. The financ...
Abstract For any economic development it is important to finance infrastructure such as water and sanitation. Water has historically been viewed as public good not as a market commodity and thus water utilities have not been able to generate sufficient internal revenue to ensure sustainable financial investment. There is a low level of investment in the sector by both public and private players especially in peri-urban areas in Kenya. Many people in these areas still do not have access to ba...
The study provides a focused analysis of Kenya’s determinants of debt sustainability owing to its consistent budget deficits and higher debt servicing costs. Unlike broader studies, this research focuses on Kenya's unique economic conditions and talks about the consequences of unchecked debt servicing payment failures in Kenya that could undo macroeconomic progress if unchecked. The study deploys a single equitation regression analysis followed by a series of robustness checks and a genera...
A general conception is that investment induces economic growth, but there is still debate over which type of investment contributes more to economic growth. The disaggregation of investment into public and private components allows estimation of the impact of the two types of investments on economic growth. This research, therefore, empirically estimates the relationship between each investment component against economic growth by constructing panel data for Ghana and Kenya from 1991 to 202...
The prospect of decoupling economic development from CO2 emissions in Ghana is examined in this paper, with an emphasis on the manufacturing, export, and adoption of renewable energy sectors. The paper investigates the long-term and short-term correlations among CO2 emissions, renewable energy consumption (RNE), population growth (POP), manufacturing value-added (MVA), Economic growth (GDP), and exports (EXP) using an Autoregressive Distributed Lag (ARDL) bounds testing method using tim...
The grant difference of lifestyle indices which constitute moral hazard discussed between other ministries who hold health insurance policy and ministry of Justice who don’t is significant (75). If I have health insurance that takes care of my bills, then I have less incentives to invest in maintaining my health because when I get sick the financial consequences will be borne by someone else, therefore, I am going to eat, smoke more, drink more, exercise less and be merry. I am going to cho...
Abstract Savings and credit cooperatives (SACCOs) form an integral part of the financial sector across the globe. However, in pursuit of their wealth creation goals, these cooperatives are exposed to numerous risks that threaten their performance and survival. One such risk is interest rate risk arising from variations in interest rates as a result of unpredictable movements in interest rates. This variation in interest rates may adversely affect the value of such institutions. In spite of t...
Abstract Based on a panel data of 19 Sub Saharan countries for the years 1982-2000, this study explores the determinants of economic growth in the region. Given that economic growth is essentially seen as a dynamic phenomenon, the study employs the Generalized Method of Moments (GMM) to account for the factors that influence the growth of economies in the region. The study results indicate that physical capital formation, a vibrant export sector and human capital formation significantly cont...
Abstract Developing countries are facing a formidable unemployment challenge due to a combined effect of slow economic growth and rapid increase in population. In Kenya, Economic Recovery Strategy (ERS) estimates that 500,000 jobs would be created annually with 88% of these generated by small and medium size enterprises. Yet, the attrition level is alarming. It has been shown that for every 100 new enterprises started in a year, 60 percent close down within the first year, and those that sur...
Abstract The governance of tea factories managed by Kenya Tea development Agency (KTDA) is by factory company directors who are elected by tea farmers (the shareholders). The major expectation from the directors by the farmers is high returns from the tea sales. Since tea industry in Kenya is a price taker, the directors cannot determine the price of the tea in the international market and are not able to meet the farmers’ expectations. To improve the returns, the directors can improve the...
Abstract This study aims at determining the influence of county cash management on household effects in Kenya. This is a qualitative research that has utilized both primary and secondary data from county governments and the National Treasury respectively. The sample has been developed from the Kenya National Bureau of Statistics list of households in Kenya. The result indicates that effective cash management would enhance household welfare, leakages and lack of prioritization among others no...
Abstract ixed assets form a significant portion of a company’s expenses and instrumental in shaping probable returns for organizations. Capital intensity for manufacturing companies is vital in informing cost management and investment decisions. Companies are given tax allowances on fixed assets in the form of wear and tear, investment and industrial building deduction which provide tax credits with consequential effects of increasing organizational after-tax returns. Manufacturing sector ...
Abstract The public sector, including the county government, has undergone massive changes over time amid the existence of several regulations and laws. The realization of efficiency and effectiveness has been a tall order. This study, therefore, sought to establish the effect of procurement planning on procurement function performance in Kakamega County Government. This study was guided by one null hypothesis. The review of the literature consisted of a theoretical review and an empirical r...
Abstract In recent years, Kenya has witnessed significant growth in both the quantity and scale of diversified equity mutual funds. Despite this expansion, their performance has not surpassed that of their benchmark, specifically the market return on a risk-adjusted basis. This assessment is based on various performance measures, including the Sharpe ratio. Poor performance of mutual funds in Kenya discourages individual and corporate investors, in addition to hindering the realization of Vi...
Abstract The contribution of Micro, Small, and Medium Enterprises (MSMEs) to economic development as well as the role of digital technology in MSME performance are underscored in many studies globally. MSMEs provide over 70% of employment, contribute to national revenue, and are considered key to increasing productivity. In Africa, MSMEs are also recognized for skill development and upward mobility in diverse geographic areas and economic sectors, provide livelihood and income for diverse se...