Since the 1990s, poverty reduction has taken priority at both national and international development levels. Within this framework, various initiatives have been taken. Microfinance has caught the attention of many Aid donors, Non-Governmental Organizations and Governments as an effective tool for poverty reduction. The successful use of microfinance is considered as victory for the poor to escape the poverty traps. In the Kenyan context, this same initiative and hope has been adopted. T...
Since independence, Kenya’s banking sector has continued to grow particularly in regard to inclusiveness, efficiency, and stability. However, in the recent past, the sector has witnessed a number of challenges manifesting in some commercial banks posting losses while others collapsing. Organizational alignment as an important factor can explain to a great extent the growth and survival or failure of the organizations in a competitive environment like the banking sector. The present stu...
Internal control plays an important role in preventing and detecting fraud and protecting the organization's resources, both physical and intangible but fraud is still reported. At the organizational level, internal control objectives relate to the reliability of financial reporting, timely feedback on the achievement of operational or strategic goals, and compliance with laws and regulations. Internal control systems provide guidance for management regarding its evaluation and assessmen...
The study analyzed the relationship of WCM on financial performance, taking the case of Firms in the Commercial and Services Segment of NSE, Kenya. Specifically, the study analyzed the effect of accounts receivable, accounts payable, stock conversion period, cash conversion cycle on Return on Asset as measures of financial performance of commercial and services segment listed in Nairobi Securities Exchange, Kenya. The study adopted the following theories to explain the effect of working ...
Water is an important natural resource, indispensable for life and also the backbone of growth and prosperity for mankind. Kenya is a water scarce country with renewable fresh water per capita at 647m3 against the United Nations recommended minimum of 1,000m 3 . Despite the efforts made by the Government of Kenya, Unaccounted-for-Water (UFW) is still high, currently standing at 49%. The overall objective for this study was to assess the strategies for reducing UFW in water supply syst...
A Sacco society is defined as a user-owed, user-controlled business that distributes benefits based on patronage. Direct government regulation of Saccos came about through legislation enacted by the Kenyan parliament, the Sacco Act of 2008. The regulations were necessitated by the need to give proper structures and prudential standards to Saccos especially those involved in deposit taking activities referred to as FOSAs and after the pyramid scheme saga. The FOSAs carry out banking business w...
Working capital management entails the relationship between a firm's current assets and its current liabilities and it plays an integral role in financial decision making. It involves the management of the most liquid resources of the firm which includes cash and cash equivalents, Inventories and trade and other receivables. Majority of firms do not maintain the correct mix of working capital and this has been a major hinder to their overall profitability. The main goal of working capital man...
The ambulance services industry in the country is very competitive, and most of the companies in the industry are facing service delivery challenges. This study analyzed the association between relationship marketing and sustainable competitive advantage in AMREF Flying Doctors, Nairobi. The specific objectives of the study included; determining the effect of use of technology on attaining sustainable competitive advantage, establishing the effect of customer retention on achieving sustainabl...
The telecommunication sector plays a critical role in communication, contributing to the Gross Domestic Product (GDP), creation of economic opportunities through mobile money agents, facilitating economic activities, facilitating the provision of mobile money and internet services. The firm performance of the telecommunication companies are thus important in Kenya's context. However, comparing the firm performance of Telkom Kenya Limited with other mobile phone service providers, Telkom ...
Leadership has the ability to bring a vision into reality by making swift decisions and inspiring others. Leadership is guiding people and the company in the right direction through empowerment and inspiration, objectively enabling people to achieve organizational goals, whereas management is a set of processes that help the company to be reliable and efficient. This study seeks to investigate the influence of leadership on strategic change in Nakuru county government. Four specific obje...
There has been a renewed interest on the role of the boards in the performance of an organization due to various corporate scandals and failures. Corporate governance affects organizations‟ performance as organizations with better corporate governance guarantee increased shareholder wealth and limit the risk of the investment. The study analyzed the effects of board structure on performance of all the listed organizations on Nairobi Securities Exchange (NSE) in Kenya. The specific objective...
Projects are undertaken with the end goal of getting completed someday. Project completion is a collective responsibility among the parties involved. The dilemma and struggle for project completion is a concern in the 21st century. The study intended to find out possible effect of scope changes on project completion among road construction projects in Nairobi County with a distinct case of Langata Sub county. The key variables for the study were; project regulatory compliance changes, project...
Public private partnerships (PPP) are pursued to leverage knowledge, resources, and capabilities to achieve public goals. Despite its strategic role in enhancing optimal benefits of PPPs, synergy is a developing concept in most of the PPPs in developing economies, Kenya included which largely remains untested coupled with lack of models to be benchmarked with. The study investigated the influence of synergy on performance of public private partnerships in Kenya: a case study of the Afya ...
Most capital structure studies to date are based on data from developed countries’ firms and very few studies provide evidence from developing countries. Capital structure of Microfinance banks in Kenya has not been investigated; there is no clear understanding on how microfinance banks construct their capital structure and what internal (firm-specific) factors influence their corporate financing decision. This study attempted to fill this gap by analyzing the capital structure for microfin...
The International Labour Organization estimates that, globally, about 2.2 million people die annually from occupational accidents and diseases another 270 million suffer from serious non-fatal injuries while 160 million fall ill for shorter or longer periods from work-related causes. The estimated costs of occupational accidents and occupational diseases amount to approximately 4 percent of the world’s gross domestic product. This implies a considerable loss resulting to negative impact on ...