22207 Records out of 22207 Records

Strategic responses by Kenyan airlines to the changes in the price of Aviation fuel

Author: Irungu, Eric Ndegwa

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Strategic management/Airline industry/Price increases/Gasoline ;

Abstract:

The study sought to determine the strategic responses by Kenyan airlines to the changes in the price of aviation fuel. It further investigated whether Kenyan airlines had adopted financial and/or non financial strategies, the extent to which these strategies had been implemented and the level of success that they had with these strategies in responses to the changes in the price of aviation fuel. The study was based on a census of the six airlines operating in Kenya. The respondents of the study were the Finance and Flight Operations managers in the respective airlines. A semi structured questionnaire was applied as the data collection tool which contained a mix of open-ended and closed-ended questions. Data was analyzed through the use of The Statistical Package for Social Sciences (SPSS). It was observed that Kenyan airlines have adopted a number of strategies in response to the changes in the price of aviation fuel. These have been through fleet management decisions, weight reduction programs and modification of flight operations procedures. It was further observed that these strategies have been applied in differing degrees by the respective airlines with varying degrees of success based on the total savings achieved. The study suggests further research studies in the area of the air traffic management and different operational practices hold some prospect for reductions in fuel usage or mitigation of environmental effects of aviation.

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.

Perceived challenges of importation through the port of Mombasa faced by countries in the Great Lakes Region

Author: Juma, Caroline Tunu

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Ports/Mombasa, Kenya/Great Lakes Region/Importers/International trade ;

Abstract:

In spite of technological improvements in transport, landlocked developing countries continue to face structural challenges to accessing world markets. As a result, landlocked countries often lag behind their maritime neighbours in overall development and external trade. While the relatively poor performance of many landlocked countries can be attributed to distance from coast, this paper argues that several aspects of dependence on transit neighbours are also important. Four such types of dependence are discussed: dependence on neighbours' infrastructure; dependence on sound cross-border political relations; dependence on neighbours' peace and stability; and dependence on neighbours' administrative practices. These factors combine to yield different sets of challenges and priorities in each country. The study has determined and assessed the importation challenges faced by countries of the great lakes region in East and Central Africa as they import through the port of Mombasa, Kenya. The countries of this region are majorly landlocked and are often faced with great challenges during trade. Consideration was mainly given to import trade since very few-studies have looked at import challenges in the region. The study determined and assessed the challenges of importing in the Great Lakes region guided by the research question. The study used a census survey of 30 respondents which consisted of Kenya Port Authority Managers, the Kenya Custom Authorities, clearing agencies and import clients from the region. The research design was descriptive in nature to portray an accurate profile of persons, events and situations (Robson, 2002). The study concludes with a brief set of policy recommendations. A detailed appendix presents a map of the region under survey and a survey questionnaire which was distributed to respondents on a drop and pick basis.

The factors affecting the implementation of international public sector accounting standards in Kenya

Author: Hamisi, Kuti S

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: |University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Public sector/International accounting standards/Financial management ;

Abstract:

Reforms in Government's financial management systems and processes are becoming critical in response to increasing demands for greater transparency and accountability in the management of the public's finances. In Kenya as is widely acknowledged, there are fundamental problems that currently inhibit the efficiency and effectiveness of the GOK's finance and accounting functions. This is due to poor performance of basic financial functions, poor supervision, inadequate financial information and decision support, poor staff motivation and attitudes to accounting and accountability. These inherent problems have suggested as contributing to the slow progress by the Government of Kenya in implementing its Public sector reforms in Particular the IPSAS compared to other Countries of the W orId. The study sought to established factors affecting the implementation of IPSAS in Kenya hence the level of implementation. This study therefore was a descriptive study. It was designed to describe the extent of IPSAS implementation at the Ministry Finance. The target population was 38 Heads of accounting units and their deputies in 14 key ministries headquarters'. The sampling procedure used the stratified sampling method. This study gathered both primary and secondary data. Primary data was collected at the source by the researcher. Secondary data was data previously collected by other researchers which was also used in this study. This study used descriptive statistics to describe a phenomena or an object. Infereretial statistics regression and con-elations were done to establish the extent to which the factors affected implementation of international public sector accounting standards in Kenya. From the findings, the study established that failure to tackle specific accounting issues, lack of adoption of information technology, lack of international financial support significantly affected implementation of international public sector accounting standards in the public sector in Kenya. The study concluded there are ftmdamental problems that currently inhibit the efficiency and effectiveness of the IPSAS implementation. Low level of technology adoption, poor NPFM reforms and adoption of IFMIS by -the Kenya Government, lack of political and weak legal framework, failure by parliament to enact new Financial management Act 2004 to recognize IPSAS, lack of trained and competent staff on the adoption of IPSAS systems of financial reporting were the factors that affected implementation on IPSAS in the government sectors. The study recommends that a legal framework to be crafted in order to prescribe IPSAS, all stakeholders and partners in the government embrace IPSAS reporting system in order to enhance financial management in the public sector, govennent upgrade Information technology and enhance adoption of ICT in order to cope with the financial data requirements of the IPSAS standards.

The effect of lending interest rates on the financial performance of savings and credit cooperative societies in Kenya

Author: Jonah, O George

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Lending/Interest rates/Financial performance/Savings and credit cooperative societies ;

Abstract:

The SACCO subsector is part of the massive Kenyan co-operative movement comprising of both financial and non-financial cooperatives. SACCOs have played an important role in the development of the Kenyan economy which has led to the uplifting of the standards of living for the people. Through their SACCOs members are able to access quality edusation and medicare, funds for enterprise development, home purchase or construction and many other financial benefits through loans at reduced lending rates. The critical role of SAC COs in the country's economy at large has been recognized under vision 2030 for mobilization of savings and investments. Due to the rapid growth, the government committed itself to establish SACCO legislation, implement international financial performance standards and supervising SACCOs aimed at providing incentives for improvement of SACCO management and performance. In light of this, the study sought to establish the effect of the lending interest rates on the financial performance of SACCOs in Kenya. The study used a causal research design which relied on control factors. The study used secondary sources of data from published audited annual reports of accounts for the selected SACCOs. The performance of the SACCOs was analyzed using the net interest income, the net operating income and the return on equity. The SACCO performance for five years was compared against the annual average commercial lending rates as set by the Central Bank of Kenya. Data collected was presented using tables and figures and graphs. The data was analysed in Microsoft Excel 2007 version. The study confirmed that the financial performance of SACCOs is not affected by the changes in the commercial lending interest rates as set by the Central Bank. This is because the realized Net Interest Income (NIl), Net Operating Income (NOI as well as Return on Equity (ROI) for the sampled SACCOS did not increase or decrease with an increase or decrease of the lending interest rates.

International trade finance products provided by Kenya Commercial Bank Limited to small and medium sized enterprises

Author: Inonda, Betty Ongaya

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: International trade/Bank services/Bank loans/Kenya Commercial Bank/Small business/Commercial banks/Banking industry ;

Abstract:

SMEs would rather deal with the dreaded unscrupulous 'middlemen than venture into the murky and deep waters of international trade. None of the studies done has sought to address the problem of inadequate take up of the international Trade finance products by SMEs with specific reference to KCB SMEs. This study therefore sought to answer the question as to why SMEs in KCB are not quickly taking up the International Trade finance products offered to them by the bank. The study used case study research design. The data was collected among interviewees were ten KCB SME customers and five KCB staff members. Data was collected using both primary and secondary data. The primary data was collected using interview schedules data was analyzed using content analysis. From the study findings, the study concluded that their various international trade finance transactions at Kenya Commercial Bank limited. This transactions included issuance of letters of credit, bank guarantees and discounting of invoices among other products. The study concluded that the considerations that KCB gives while dealing with international trade finance products provided to small and medium sized enterprises were collateral requirement, nature of business, number of years that the SME had been a customer at KCB, customers experience in the area of specialization, whether the customer was doing business with a sanctioned country. The challenges facing KCB while issuing international trade finance products to SMEs included knowledge gap, the collateral requirement, the middlemen, impatience among some SMEs and the sanctions. On ways to curb challenges faced by KCB were through conducting awareness campaigns to sensitize SMEs customers about the various international finance products, through implement fully the tiered collateral requirements, and through structuring transactions depending on clients' needs and ability to pay. The study recommends that bank management should review the policies guiding the provision of international trade finance products to the SMEs. The study also recommends that the management should conduct regular awareness campaigns to sensitize SMEs customers on various international finance products. The study also recommends that the management should review the collateral requirement by the SMEs