Despite Reforms, Investor Confidence Remains Low

I was well behind on my reading this week and was therefore late in being alerted to the changes at the Nairobi Stock Exchange (NSE). In fact, it was only a brief sentence in one article that set me off investigating what else the Titans of the Kenyan economy have been up to recently.
So the [...]

Can the Insurers Insure Themselves?

Two stories about the insurance industry and the trouble it finds itself in today. The first, in Business Daily Africa, is about the collapse of Standard Assurance, brought down by claims from matatu operators. The second, from the Nation, concerns a ruling by Mr Justice Jacktone Ojwang on the Work Injury Benefits Act 2007, parts [...]

Are Shareholders to Blame for Executive Greed?

Howls of outrage here in the UK, where Sir Fred Goodwin, former head of the Royal Bank of Scotland (RBS) is to receive a pension of £703,000 a year. This is despite the fact that he is widely regarded to have brought the bank to its knees through an ill-advised merger with ABN-AMRO in 2007.
Sir [...]

Why is the ‘Daily Nation’ Covering Up the CMA’s Lack of Credibility?

Quick! Somebody check to see if an NMG reporter has been transported back in time to work at Soviet-era Pravda! Check to see if a journalist was forced at gunpoint to revise their article! Something very strange is going on, and the Daily Nation is doing its best to hide the truth.
I get RSS feeds [...]

Corruption: Not Just for Politicians

The PricewaterhouseCoopers (PwC) report into the collapse of Nyaga stockbrokers has been completed and leaked. From the details made available in the press, it appears that the rot started in the manner in which the Capital Markets Authority (CMA) and the Nairobi Stock Exchange (NSE) are structured and administered.
Apparently the CMA sat on the report [...]