22207 Records out of 22207 Records

Strategic responses by the National Bank of Kenya Limited to challenges of globalization

Author: Ingwe, Kennedy S

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Strategic management/National Bank of Kenya/Globalization/Competitive advantage/Commercial banks/Banking industry ;

Abstract:

Globalization has brought competition to the door steps of most companies in every industry the world over. It is an attempt to reduce the vast world to a mere global village by facilitating interaction of people and business transactions through technological breakthroughs. A gap exists on the strategic measures that a fmancial institution operating locally should take to counter the challenges of globalization without necessarily trading in the international market. The National Bank Kenya thus becomes the focus organization that the study uses to fill up this knowledge gap. The research question therefore is: What strategic responses is the National Bank of Kenya putting in place to arrest the challenges of globalization? The objectives of the study were to establish the challenges of globalization faced by National Bank of Kenya limited and the strategic responses by the National Bank of Kenya Limited to challenges of globalization. The study used the case study design to gather qualitative data using an interview guide and it focused on the National Bank of Kenya Limited. The primary data upon being cleaned and presented according to the study themes was analyzed through content analysis (qualitative analysis). The fmdings reveal that the bank has not reviewed its mission for the last five years. Globalization has had an impact on every single department in the bank. As such, the bank has put in place strategies to counter the challenges of globalization. The study recommends that the bank should embrace the various aspects of globalization in its entire departments as they are mostly 'positive and beneficial to the company.

The relationship between house prices and real estate financing in Kenya

Author: Jumbale, Daniel Kitti

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Real estate financing/Residential buildings/Property values ;

Abstract:

In many countries, house price fluctuations which have been witnessed by the several booms and busts over the past two decades have been associated with fmancial instability. The degree to which such house price booms and busts have led to financial instability differs among countries because of the important differences in countries' housing systems and the role that the government plays. The recent fmancial crisis has led to accelerated housing defaults in the U.S as well as in other countries, with millions of residential properties having negative equity mortgages with the outstanding loan balances being greater than the property value. Property prices in the Kenyan market have not been spared by the crisis being experienced. The Hass property index has been tracking property prices in the 'upper and middle' sectors of the Kenyan property market and has seen the average price in this sector rise from Ksh 15 million in 2006 to Ksh 20 million in 2010. The objective of the study was to determine the relationship between house prices and real estate financing in Kenya. Causal study design was employed in this research. Purposive sampling technique was used to select the sample. The study purposively selected a total of 20 respondents who formed the sample size of this study. The researcher administered a survey questionnaire to each member of the target population. Secondary data was collected for this study. Quantitative data collected was analyzed by the use of descriptive statistics using SPSS latest version (20.0).Regression analysis was done to establish the relationship between growth in Real Estate financing and house prices. The study found that the changes in housing prices are positively and significantly related to the long-term evolution of real estate fmancing. This result suggests that the evolution of housing prices is not triggered by bank real estate lending and that banks just accommodate real estate fmancing to the evolution of house prices. Though the study shows a bi-directional causality it concludes that the real estate market does not really affect housing price changes rather changes in housing prices do affect the amount of real estate fmancing.

Automatic characterization of named entity relational facts in unstructured incident reports

Author: Ikunyua, Edwin Kimathi

Awarding University: University of Nairobi, Kenya

Level : MSc

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Police reports/Relational data bases/Natural language/Information extraction ;

Abstract:

Natural language provides many different ways of expressing facts. These facts can either be explicit facts or implicit facts. Explicit facts could be in the form of entity relations expressed in a single sentence. Many organizations own document corpuses that take the form of unstructured Incident Reports, which contain explicit facts. A key challenge faced by these organizations is finding out how two named entities contained in a unstructured Incident Report corpus are related to each other; a reading problem. In this research we conceptualized the problem as a composition of two sub problems; relational extraction and relational representation. We used Open Information Extraction tools and techniques to extract Entity Relational facts; a dictionary of named entities and a greedy algorithm to tag and characterize the extracted facts and graph algorithms to search through the extracted facts to determine the interrelationship between two (2) named entities in a Test corpus often (10) documents covering Politics, Accidents and Poaching. We came up with a model that harmonizes relation extraction and representation, which was able to address the key challenge of being able to determine how two named entities are interrelated in a unstructured Incident Report corpus. From experiments conducted using a prototype application developed based on the model above it was observed that: the quality of the text corpus, the choice of the underlying POS tagger and English dictionary, the character and size of Named Entity Dictionary and a mechanism to enable document level named entity resolution are key issues that have to be addressed when building a Entity Relation Characterizer. The model developed is a useful tool that can guide in the development of systems that collate information containing named entity relational facts from different sources, addressing the issue of information incoherence within organizations.

Application of credit default swaps to commercial banks

Author: Ikamari, Cynthia Amai

Awarding University: University of Nairobi, Kenya

Level : MSc

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Credit management/Default/Bad debts/Swap arrangements/Commercial banks/Banking industry ;

Abstract:

Commercial banks contribute significantly to the growth of a nation's economy. The profitability of commercial banks is largely attributed to the interest charged on loans they advance to their customers. If these loans are defaulted, banks face the risk of collapsing and the entire economy will be threatened. Banks use credit derivatives to protect themselves against credit risk arising from loan defaulters. Loan defaulting has been and continues to be a cause of financial distress in the banking sector . both locally as well as globally. More efficient approaches of managing credit risk need to be looked into. In this study, the application of credit default swaps as a credit risk management tool in the banking sector is looked at. Credit default swaps are shown to effectively transfer risk from commercial banks to insurance companies. Data relating to loan facilities sought by individual companies was collected from a local commercial bank. Additional data relating to treasury and corporate bonds was collected from the Nairobi Stock Exchange. Data was analyzed using the Hull-White Model of credit default swap valuation. The study shows that commercial banks are able to manage their credit risk efficiently using credit default swaps. From the data analysis, the results show that by paying a premium 0 f 513 basis points per year for a credit default swap contract, a potential loss of up to Kshs. 17,291,275.61 is avoided. This shows that by using credit derivatives, the profitability ofa commercial bank is increased as large sums of money that would otherwise have been lost to loan defaulters is put into other income generating activities.

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.

The influence of age and length of service on job satisfaction and commitment of public secondary school teachers in Embakasi District, Nairobi

Author: Jepkemoi, Chemase

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Age/Employee attitude/Job satisfaction/Secondary schools/Educators/Embakasi District ;

Abstract:

This study investigated the influence of demographic factors; age and length of service on job satisfaction and organizational commitment of secondary school teachers in Embakasi District. The study adopted survey type of research design. A total of 135 teachers from the six public secondary schools participated in the study. The sampling technique used was the total enumeration technique or census study was carried out. The instrument for data collection was the questionnaire. Data collected were analyzed using descriptive statistics such as percentages, mean score, standard deviation and frequencies. Pearson's correlation analysis was used to establish the relationships. The study also found out that the employees who had high job satisfaction are those teachers who have worked for 31 years and above and those whose age brackets were between 56-60 years. It was found that the teachers who were least satisfied were those who had served between 16-20 years. The study also found out that the majority of the teachers in public secondary schools in Embakasi District are married and the minority is the divorced. In academic qualification, there were diploma holders, bachelor's degrees holders and masters degrees which is evidence of professionalism of teachers in Embakasi District. The study also found out that the majority of the teachers in public secondary schools in Embakasi District are the assistant teachers, while those in the management were few. The results of the correlation analysis revealed that there was positive relationship between age and job satisfaction, there was also a significant correlation between length of service and job satisfaction, there was a positive correlation between age and commitment while length of service had a significant correlation with commitment.

The effect of macroeconomic factors on financial performance of commercial banks in Kenya

Author: Illo, Anne Deraso

Awarding University: University of Nairobi, Kenya

Level : MSc

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Macroeconomics/Economic impact/Financial performance/Commercial banks/Banking industry ;

Abstract:

The aim of this descriptive as well as correlational study was to detennine the effect of macroeconomic factors on financial perfonnance of commercial banks in Kenya. The perfonnance measure of commercial banks used was the Retum on Asset (ROA) which was regressed against the macroeconomic variables including GDP growth rate, the exchange rate (US dollar), the money supply (M3), Inflation (CPI), and Lending Rate of the sampled commercial banks. The period ofthe study was ten years from June 2002 to June 2012. The study employed quarterly secondary data which was obtained from the Central Bank of Kenya, Kenya National Bureau of Statistics and published quarterly financial statements from commercial banks selected in the sample. Data was analyzed using pooled Least Square Method which assumes linearity between the dependent variable and the independent variables and the analysis technique was multiple regression aided by research software 'eviews' version 7. The financial performance of commercial banks as measured by ROA was found to be positively correlated with GDP growth rate, money supply (M3), lending interest rate of individual commercial banks and inflation, and negatively correlated with exchange rate. The findings confinned the researcher's priori expectation that ROA would be both positively and negatively correlated with the independent variables. The rest of the paper is organized as follows: chapter one covers introduction to the study by addressing issues related to background of the study, statement of the problem, study objective and the significance of the study; chapter two focuses on literature review; chapter three is about the research methodology; chapter four covers data analysis, results and discussion; and lastly chapter five addresses summary,? conclusion and recommendation.

The impact of ICT adoption on financial performance of commercial Banks in Kenya

Author: Juma, Moses Wesutsa

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Impact analysis/Information technology/Bank technology/Financial performance/Commercial banks/Banking industry ;

Abstract:

The purpose of the study was to establish the Impact of ICT adoption on financial performance of commercial banks in Kenya. Information and communication technology (lCT) has become the heart of the banking sector, while banking industry is the heart of every robust economy. The research design used was Correlation. The population of study was the commercial banks in Kenya. The data collection instrument used was questionnaire which was administered by the researcher through drop and pick method. Responses were grouped into various categories for analysis using descriptive statistics. Statistical Package for Social Sciences (SPSS version 17) was used to analyze the structured questions while the use of descriptive statistics determined frequencies and percentages. The results were presented in prose, tables, bar graphs and charts. The study found out that ICT improved the operations, improved the liquidity and the asset quality in commercial banks in Kenya. This not only increased their markets but also helped the organizations to remain competitive in the market. ICT also deepen liquidity of banks in existing markets, for example by reducing excessive reliance on a narrow base of depositors for funding and improves on earnings, asset quality and this increased efficiency in the operations as a whole and especially in commercial banks in emerging markets and developing countries such as Kenya. The research indicates that there is need to adopt ICT innovations in order to improve the commercial banks' financial performance. In technological innovations, the banks should introduce ICT products that are relatively simple and standard and that offer clear value added. The rapid proliferation and diffusion of ICT in the Banking Industry in Kenya provides a platform to use modem technologies to develop operational efficiency and quality of service to attain and retain customers and in the process enhance the financial performance of the commercial banks.

Brand rejuvenation strategies and organization performance : a case study of New Kenya Cooperative Creameries Limited

Author: Ibrahim, Mohamed Abdi

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: New Kenya Cooperative Creameries Limited/Dairy industry/Organizational change/Financial performance/Brand image/Repositioning ;

Abstract:

Brand rejuvenation strategy IS considered to have occurred when a firm recovers adequately to resume normal operations often defined as having survived a threat to survival and regained sustainable profitability. In this light of a great brand rejuvenation strategy in terms of profitability and increased market share, this study seeks to document factors that are responsible for successful brand rejuvenation strategy of New KCC from the hitherto years of loss making. This study therefore set out to investigate brand rejuvenation strategies and organization performance at New KCC. This study adopted a case study. The study used both primary and secondary data. The researcher administered the interview guide through personal interviews from the senior management especially the strategic, marketing, operations, finance and procurement in the New KCC who were involved in strategy formulation and implementation process as they are appropriate in decision making as well as resourceful in terms of information on the brand rejuvenation strategies in the New KCC. Content analysis was used for data that was qualitative in nature or aspect of the data collected from the open ended questions. the Company has embraced the rejuvenation strategies to realized better performance after the fall of its predecessor. These techniques of brand rejuvenation illustrate that if the brand message is at the core of the re-branding effort, regardless of wider economic circumstances, consumers will stay true to the brand. Brands are born from competition and they can also die from it. As such, if the rejuvenated brand exists in a family of brands, its new strong and favourable associations can enhance the equity of the other brands in that family. For the Firm to become even more competitive there is need to change the product attribute and bringing out newer products with more uses so that the products can be more marketable. The company should implement more brand rejuvenating strategies which aim to change the perception of the customers' minds. The company should undertake the process in more than a couple of ways. This could be done through entering into newer markets or changing the brand elements and the perception in the minds of the consumers so that the market to enhance its marketing and therefore better performance.

Availability of hydro power plants and electricity consumer prices : a case study of Kenya Electricity Generating Company Limited

Author: Juma, Collins Gordon

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Hydroelectric plants/Electricity generation/Prices/Kenya Electricity Generating Company ;

Abstract:

The objectives of this study were to determine whether the availability of the KenGen Hydropower plants impacts on electricity consumer prices; to determine the general impact of the Power Purchase Agreements on the electricity consumer prices; and to interrogate the impact of liberalization in the electricity subsector on the electricity consumer prices. Primary data was collected by way of questionnaires which were administered to senior KenGen Management Staff while secondary data was obtained from Kenya Power and validated by the same data from Energy Regulatory Commission and KenGen. Primary data was analyzed using descriptive statistics while secondary data was analyzed using regression analysis model. One major finding of the study is that there is a negative relationship between consumer prices and Availability of the KenGen Hydropower plants. The study further demonstrated that Availability of the KenGen Hydropower plants does not affect the consumer prices. The use of the model developed to forecast the consumer electricity price is therefore not recommended as one might get predictions that are inaccurate. The study found that about 70 percent of KenGen's power generation consisting of hydropower was not a good strategy for consumers and KenGen needed to invest more in other energy sources. The study also emphasized that KenGen has the capacity and strategy to bring down electricity prices at the same time electricity prices would be lower if other independent producers also owned hydro power plants. This is also in line with the opinion of majority of the respondents that electricity prices would come down in the future.