The Nairobi Stock Exchange: Still a Pit of Vipers

What’s this in the Daily Nation? It appears a bunch of brokers at the Nairobi Stock Exchange (NSE) are bitching and moaning about the onerous regulations under which they are being forced to operate. It could cause the market to fall again, they say. They weren’t consulted properly, they whine. It’s all just sooo hard!
What [...]

So, What Might Foreigners Think About Doing Business in Kenya?

Seeing as I’m not in the land of my birth, I thought it would make little sense for me to continue mouthing off about the state of the business environment in Kenya, especially as I’m not doing anything there right now. What I can do, on the other hand, is try to find out potential [...]

Doing Business in Kenya: Better, But Still Not Great

I have to thank my father for being the person who first alerted me to the Economist Intelligence Unit, all those years ago when I needed research material as MUN ambassador to Sudan (tough gig). The unit is an offshoot of the Economist magazine, and offers all sorts of useful analysis throughout the year. Yesterday, [...]

Kenyan Insurance’s Blind Item

Do you read gossip websites? Every so often, they will have a “blind item” post where they will detail the scurrilous goings-on in a celebrity’s life, but will not name the star for fear of being sued. That could be the same reasoning behind an article that appeared in the Daily Nation over the weekend.
Apparently, [...]

Remittances Decline, Economic Gloom Could Get Worse

Yet more bad news for those of us who are waiting for the Kenyan economic renaissance. According to the latest figures from Bloomberg’s office in Nairobi, remittances from the diaspora are down 9.4% this quarter. In total, $148.24 million was sent home in the first three months of this year, compared to $163.65 million in [...]