2505 Records out of 22207 Records

Informational content of general election results announcement at the Nairobi Securities Exchange

Author: Irungu, Antony Kirugu

Awarding University: University of Nairobi, Kenya

Level : MSc

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Elections/Nairobi Securities Exchange ;

Abstract:

Elections not earnings are now driving financial markets around the world. Price Earnings ratios determine the performance of many stock exchanges and a major source of all that stomach-churning stock-market volatility where the abnormal returns are blamed on elections results announcement. To determine the effects of general results on stock market performance using a case of the Nairobi Securities Exchange. The study adopted event study methodology. The event that affects a firm's market value may be within the firm's control, such as the event of the announcement of a stock split. The target population for this study included: companies trading at the Nairobi Security Exchange as at December 31 st 2007 that compute the NSE 20 share Index. Because of the small number of firms and the fact that the study will use secondary data, the study conducted a census hence there was no sampling. Data was obtained from the NSE covering the period between 31 st December 1997 and 31 st December 2007. The study collected data on NSE 20 share index and market capitalization for NSE for the two general elections results announcement. These dates included 29th December, 2002 and so' December 2007. The study computed the changes recorded in share prices as measured by the market capitalization and NSE 20 Share index. The study concludes that there is a strong relationship between general election results announcement on stock market performance of the Nairobi Securities Exchange. The announcement of general election results brings with it the hope and stability that otherwise the investors were worried of. As a result, the announcement of general election results brings about the stability in the market and allows the forces of demand and supply to drive the operations of the market. The Government of Kenya needs to create complete independence of the Nairobi Securities Exchange so that operations of the securities exchange are not affected because of its key position in the economy especially in the form of raising long term capital.

January effect on stock returns : evidence from Nairobi Securities Exchange

Author: John, Margaret Mwikali

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Rates of return/Stock prices/Nairobi Securities Exchange ;

Abstract:

The presence of the seasonal or January effect in stock returns has been reported in several developed and emerging stock markets. Over the last couple of decades, there has been a steadily growing interest in new and different forms of investment. The objective of this study was to investigate the existence of January effect on stock returns: evidence from Nairobi Securities Exchange. The target population for this study included 50 companies listed in the Nairobi Securities Exchange as at 31 December 2011. The study was carried out focusing on a period of ten years up to 2011. This study utilized secondary data. Data on the market share prices was obtained from the share prices as reported by N.S.E. Data collected was analyzed using simple linear regression and correlation analysis. The study concluded that January effect has no significant relationship with the stock returns at NSE. In particular the study established that although other studies find that volatility tends to be higher in January, this study fmds it to be period-specific and mostly in value-weighted return series, but not in equal-weighted return series. This is true for both the unconditional and conditional return volatility. The study findings indicate that there is no significant relationship between the mean monthly January Effect on stock returns and the mean monthly stock returns of February through December. Comparisons between our economy and other economies and stock exchanges to find out the reasons why the fluctuations are either positive or negative need to be done. A research on the macro-economic and other factors to find out the other causes of these fluctuations should also be done to shed more light on why there are these fluctuations.

Adoption of E-marketing in pharmacies in Nairobi

Author: Idenya, Edith K

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Electronic commerce/Marketing/Pharmaceutical industry/Drug stores/Nairobi, Kenya ;

Abstract:

ABSTRACT NOT AVAILABLE

The impact of inflation on stock market liquidity : the case of Nairobi Securities Exchange

Author: Jepkemei, Betty

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Inflation/Securities markets/Liquidity/Nairobi Securities Exchange/Stock exchanges ;

Abstract:

The relationship between inflation and stock market performance has intrigued researchers who have attempted to explain how a nominal variable such as inflation should determine a real variable (asset prices). Recent research findings have established the existence of a negative relationship between stock market performance and inflation. These findings contradict the hypothesis by Fisher (1930) who argued that stock returns should be positively related with expected inflation, providing a hedge against rising prices. This study investigated the relationship between inflation and liquidity of the Nairobi Securities Exchange. Liquidity of the stock market is vital if the market is to play a significant role in the development by facilitating mobilization of long-term capital. This therefore shows the immense potential that the Nairobi Securities Exchange may have towards fostering the country's economy should the Kenyan government promote a saving culture and consequently improve investments income of the populace through appropriate policies. The study's objective was to determine the impact of inflation on the liquidity of Nairobi Securities Exchange thus assess the validity of the Fisherian hypothesis using turnover rates at the Nairobi Securities Exchange and to draw policy conclusions and recommendations based on empirical findings. The study was conducted using annual data on selected stocks from a sample of twenty companies listed at the Nairobi Securities Exchange, for the period 2002-2011. Descriptive statistics and simple regression analyses were employed to estimate a single equation with stock market liquidity as the dependent variable and explanatory variables as inflation, interest rates and GDP growth. The study reports a negative relationship between stock market liquidity and inflation contrary to Fisher's hypothesis. The findings of this study shed light on the price discovery process at the Nairobi Securities Exchange indicating that investors fail to factor in the effect of inflation on stocks at the securities exchange. The study recommends increased investor education to remedy this anomaly.

Strategic responses by Aga Khan University Hospital to brain drain in the health sector in Kenya

Author: Imbuye, Isabel Injete

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Strategic management/Aga Khan University Hospital, Nairobi, Kenya/Brain drain/Human resource management/Medical personnel/Hospitals ;

Abstract:

Organizations are environment dependent since no organization can survive without interacting with its environment. This dependency calls for organizations to tailor their strategic planning in line with changes in the environment. The objective of this study was to determine the strategic responses by Aga Khan University Hospital, Nairobi (AKUHN) to brain drain in the health sector in Kenya. A case study design was used where qualitative data was obtained by the respondent through interview method. An interview guide was used to guide the researcher as the study sought to get information from the senior management of AKUHN. The senior managers interviewed were, the Chief Executive officer, Marketing manager, CT manager, Human Resource manager, Finance manager and the chairs of academic programs. The data collected was analyzed through content analysis. The results of the study demonstrated that AKUHN is an open system organization and it responds to challenges in its internal and external environment. Brain drain phenomenon is a challenge in the health sector in Kenya and AKUHN responded by diversifying its core business by opening the Aga Khan University ,Opening up new sites, use of modem technology, introducing new products ,using collaborations and alliances, and finally by backward integration of labour.

Determinants of residential real estate prices in Nairobi

Author: Julius, Susan Makena

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Real estate/Residential buildings/Property values/Nairobi, Kenya ;

Abstract:

Residential properties are properties that serve as housing or a dwelling and encompass single-family, duplexes and other multi-family homes. In Nairobi real estate industry has played a key role in the growth of the economy due to its high multiplier effect through increased investments in production and marketing of building materials, employment generation and wealth creation. In Nairobi real estate market, little has been done to check the set of forces behind the housing prices. As such the study sought to investigate the determinants of residential real estate prices in Nairobi. In this study a quantitative approach was followed. The researcher used data for the main players in the financial sectors which are mainly concerned with the regulation of the real estate industry. The study used secondary data which were largely quantitative and descriptive in nature. Data analysis was carried out by use of simple mean, standard deviations, percentages, regression and correlation analysis by use of Statistical Package for Social Sciences (SPSS) Version 21. The study found that the level of money in supply information can give economists and financial analysts a better understanding of the real estate market and its influence on real estate prices. To the financial analysts, it is important to realize the need to sensitize their clients to do more investment in real estate in municipality areas like Nairobi because there is need for more residential real estates. Further, they need to let financial institutions realize that real estate investment in such metropolitan and municipalities is not exhausted in financing so that they can open up possibilities for their client who would like to venture in the same.

Microbial quality, strain distribution and enterotoxigenicity of selected food borne pathogens in relation to the hygienic practices in Industrial area, Nairobi, Kenya

Author: Gitahi, Morris Githaiga

Awarding University: University of Nairobi, Kenya

Level : MSc

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Industrial Area ; Nairobi ; Kenya ; Food service industry ; Food safety ; Food contamination and poisoning ; Microbiology ;

Abstract:

Street foods playa significant role in feeding the urban population with cheap, accessible and nutritious foods. Most street foods vendors are not trained on food hygiene and safety and operate in an unregulated business. Street food can lead to food poisoning and consequent food borne illnesses. Although studies on the safety of street foods have been carried out in most developing countries, not much has been done in Nairobi city in Kenya. This study was carried out to investigate microbial safety and hygiene practices in the vending of street foods in Nairobi city, Kenya. A total of 56 samples classified using seven modified FAO food groups from 29 vending stalls were evaluated. Standard microbiological methods were used for isolation, enumeration and identification of bacteria. No salmonella was detected per 25g in all food samples. Escherichia coli was qualitatively isolated in 3 food samples including mixed dish from Lunga lunga road and vegetables in Lunga lunga and Nanyuki roads. Vegetables from all locations had coliform levels (4.48 mean 10gJO cfu/g) that did not meet the quality standards (4.00 10gJO cfu/g) of ready to eat food. The coliform counts (Iogu, cfu/g) were 3.84 in meats, 2.72 in mixed dishes;, 2.33 in legumes, 2.42 in starchy roots, 2.33 in cereals and below detection limits in beverages. Enterococci were detected (logm cfu/g) in vegetables at 2.5, 2.40 in meats, , 2.04 in legumes, 2.44 in starchy roots 2.66 in cereals but below detection limit in mixed dishes and beverages. Staphylococcus aureus were detected (logJO cfu/g) in vegetables at 4.03, 3.45 in meats, 3.37 in legumes, 3.32 in mixed dishes and 3.27 in cereals. None were detected in starchy roots and beverages. Vegetable foods contained high microbial counts mostly greater than 4.0 10gJO cfu/g) in all the food consumption food groups including Coliforms at 4.48 10gJO cfu/g Staphylococcus aureus at 4.03 10gJO cfu/g, total Enterococci at 2.50 10gJO cfu/g. Vegetables however had acceptable total count of 4.71 10gJO cfu/g against the 6.00 10gJO cfu/g standard limits. Rep peR revealed that isolates from each of Enterobacter aerogenes, Enterococci species and Staphylococcus aureus isolated from street foods of Industrial area in Nairobi and were related strains. The presence of staphylococcal enterotoxins (se); sea, seb, sec, sed, see, seg, sei & sej was also evaluated in Staphylococcus aureus. None of the isolates from street food possessed genes coding for production of the staphylococcal enterotoxins. It was noted that 94% of vending sites were exposed to potential contaminants. A total of76% (22/29) of vendors did not have food handlers' medical certificate. Eighty eight per cent of the sites were clean. A total of 79% of the stalls were constructed using polythene bags. A total of 66% (19129) vendors did not have protective clothing, 79% (23/29) vendors had no training on food hygiene, and 87% of vendors used polythene bags for packaging take away rations. However, 79% of the vendors reported no customer complaints concerning food safety. A total of 69% of vendors dump their wastes into Nairobi city council waste bins, while 79% (23/29) use the Nairobi city council sanitary facilities. It can be concluded that street foods evaluated from food groups consisting of cereals, legumes, starchy roots, beverages and some with meat were considered safe for human consumption as per the data. Vegetables had unacceptable contamination levels of coliforms and Staphylococcus aureus, while meat (fish) from Nanyuki road had unacceptable levels of coliforms. The relatedness of isolates from this study implies possibility of a common source of contamination such as contaminated processing water, or cross contamination of raw materials and cooked food by equipment or vendors. The occurrence of indicator microorganisms in most of the foods indicated a need for improvement in the processing environment hygiene of street food. There is need to provide water, s

Electronic business practices as an operational strategy by commercial banks in Nairobi

Author: Gachara, Joshua Wangai

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Commercial banks ; Electronic banking ; Fraud ; Nairobi ;

Abstract:

Electronic business practices in commercial banks have become an operational strategy to meet business goals and objectives. This is because the operation is able to handle both complex and simple tasks with huge benefits of accuracy. Hence, banks have adopted this mode of operation in both internal and external business activities. The purpose of this research was to examine how the electronic business practices have become a tool to maximise profit and minimise loss in commercialbanks. Towards this end, the study collected primary data from members of management of commercial banks involved in strategic planning of process models. Primary data was collected by questionnaire method among thirty banks. The result of this study showed that fraud affected the returns because the amounts lost in shillings were high. The trends in branding versus primary responsibility of banks were catching up to creating an impact that rakes in customers' attention for a lasting beneficial period. However, the absolute need to grow viral in positive branding was not achieved. All banks studied were found to involve in training of their work force so as to better the skills to cope with changing working trends and gain more competitiveness. However, few banks had embraced electronic running and assessment and most still engaged in paper work. The implementation of change to new trend such as cloud computing was successful as a result of competition towards gaining market share.

Factors contributing to the penetration and use of smartphones in Westlands Kenya

Author: Gachanja, Joseph Kahora

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Westlands ; Nairobi ; Kenya ; Mobile phones ; Users ;

Abstract:

In order to keep up with the competition and changing consumer needs and wants in the competitive business environment, Smarphone manufacturers need position their products effectively in the market in order to achieve their long tenn objectives. Positioning strategies should be based on the Product, price, place and promotion. The objective of the study was to determine the factors that contribute to the penetration and use of SmartPhones in Westlands, Nairobi Kenya. In methodology, the study adopted a descriptive survey. The target population for this study was Smartphone users and owners in Kenya. This study utilized an online questionnaire as the data collection tool. Data collected was analyzed through descriptive statistics with the help of SPSS. The. study established that most of the consumers were influenced by their friends and family members to purchase a smart phone. The studr identified that the fascinating features of the Smartphone which included aesthetics, design and appearance increased the usage and penetration of the Smartphone in the market. It was established that Social class played a major role in the usage and penetration of the Smartphone in the market. It was established that business application features of the Smartphoned increased the usage and penetration of the Smartphone in the market. The study found out that Smartphones were perceived as expensive and targeted a particular social class. Therefore, the study recommends that the government should intervene by reducing levies charged on mobile phone dealers thus making it easier for ordinary Kenyans to purchase Smartphones.

Factors affecting women entrepreneurs' financial performance in Kenya : a case of Ngara market

Author: Gitari, Caroline Gatakaa

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Women entrepreneurs ; Nairobi ; Credit ; Loan security ; Interest rates ;

Abstract:

The design of this research was descriptive survey research. The researcher targeted a population of 200 but sample 150 was obtained. A descriptive survey research seeks to obtain information that describes existing phenomena by asking individuals about their perceptions, attitude, behaviour or values. The data collected was analyzed using inferential statistics. After the data collection, the researcher was pre-processed the data to eliminate unwanted and unusable data which could have been contradictory or ambiguous, developed a coding scheme by creating codes and scales from the responses which then be summarized and analysed using Statistical Package of Social Science (SPSS). From the findings of the study most women entrepreneurs in the CBD Nairobi are of , youthful ages between 26-35 which is the most productive and energetic age group, in this age brackets is when most of the women entrepreneurs start businesses. At this point they have raised some capital from other sources. Another findings is the accessing of credit particularly for starting an enterprise is one of the major constraints affecting women entrepreneurs. Provision of soft loans is the major factor that hinders the women entrepreneurs in running the businesses effectively. They are either illiterate on how to access this financial aid, . Also lack of tangible security is another major blow to the women entrepreneurs in order to have access to any financial aid by the financial institutions who also charge high interest rates hence repayment and running the business at the same time becomes hard. The study recommends that the financial institutions should set some simple ways of accessing the fmancial facilities for the women entrepreneurs and give them at reasonable rate to enable them to repay with ease. The body of women entrepreneurs should carry out major seminars to educate the women on the major issues in running a business to success. They should also advice the women when it is necessary to take loan facility and how to go about it.