Author: NLM Correspondent

By Anthony Mutunga Technology has managed to be a problem solver over the years but it has the potential to do more, and that is exactly what Web 3 is about. Web 3 is considered to be the next big thing as it stands for the future of the internet – it is all of users operating in a decentralized manner rather than relying on major commercial enterprises, or centralized organizations. However, it remains popular only among technology professionals and those looking to make a profit from it. Most users at the moment have only interacted with the internet through…

By Hyther Nizam The workplace today is vastly different than it was a few years ago. The pandemic has accelerated the adoption of digital technologies by businesses, both for their customers and employees. Today, the majority of businesses operate on a hybrid model, and as a result, internal collaboration – both digital and in-person –, has become critical for business success. When it comes to creating an environment that supports online and offline employee collaboration, many businesses continue to fall short and work in restricted silos. In this day and age, companies need to think about implementing effective collaboration platforms…

By Ruth Ruigu If you think online communities are just for personal use, think again. Communities that straddle the digital landscape through myriad social networks are extremely beneficial to businesses and the society in general. They are the power behind the context that enables exploration of real people in real life to gain in-depth understanding of needs, drivers, and motivations for key audience segments, brands, or categories. Online communities are also the minefields of consumer-driven insights that businesses can use to guide early or late-stage innovation initiatives for products and services in consumer-packaged goods, retail, tech, finance, healthcare and more.…

BY NBM WRITER If you have been in entrepreneurship long enough, you have heard that the essence of strategy is choosing what not to do. For Nicodem Mayison, director and founder of Palma Group Limited, it made sense not to give up on his business which had been disrupted by war. Since 2010, the supply and logistics firm had been operating mainly in South Sudan, though registered in Kenya as well. Business was flowing until conflict broke out in 2016, causing the entrepreneur to lose about $1.2 million worth of equipment and ongoing contracts, leading to a shutdown. While waiting…

BY RAPHAEL KIOKO In 2017 Kefa Nyakundi’s brainchild, Centerprise Holdings Ltd (CHL), which comprises of 3 companies, Centerprise Africa Limited (CAL), Africa Risk Institute (ARI), and Mtaji Technologies, suffered a market downturn because of the prolonged general elections. This led to most of the company’s shareholders jumping ship as the business was almost going under. Consequently, as the managing director and vision carrier, this was a call to restructure the company to adjust to the changing business terrain. Hardly had the business picked up when Covid-19 hit in 2020. This blow came on the back of an already depressed business,…

The phase one, Mzizi Court Housing projects, has so far attracted nearly twice the number of homebuyers targeted, meaning that the project is already overbooked. It will consist of one, two and three-bedroom units with prices starting from Sh4.9 million with a flexible payment plan. Centum RE managing director Kenneth Mbae said 450 customers have already paid cash deposits by coming to buy the apartments, overshooting the phase one supply by more than 66%. He said that pre-bookings by prospective buyers of at least one third of units is a requirement set by Centum before groundbreaking. He added that the…

The new mortar product is produced from carefully sourced raw materials, including chemical admixtures, cement and sand By victor adar Bamburi Cement has entered into the specialized mortar sector by launching a ready-to-use tile adhesive into the Kenyan market by the brand name “Bamburi TectorCeram SETI 300”. Designed for placement of porous tiles including ceramic, terracotta, earthenware and natural stone tiles, the new product is not only in line with the firm’s vision to provide innovative solutions but also a result of continuous investment in research and development coupled with paying close attention to customers’ needs. The company’s head of…

Elon Musk, Tesla chief executive and the world’s current richest person, has clinched a deal valued at Sh5.09 trn ($44 bn) with Twitter that will see him take over the popular social-media network. Mr Musk bought the company at $54.20 a share, a 38% premium over the firm’s share price in April. This was after the company had at first decided to rethink the move, even going as far as adopting a limited duration shareholder rights plan, often called a poison pill, before the offer was made. This is only possible if a party acquires 15% of the stock without…

BY ANTONY MUTUNGA On April 2 of this year, National Treasury Cabinet Secretary Ukur Yattani presented before Parliament a Sh3.3 trn budget for the next financial year. The national budget for the year 2022/23, which was presented two months earlier than usual because Kenyans will be going to the polls come August, has hit a new high as its total estimates stand at Sh3.3 trn, an increase from Sh3trn FY’2021/22 outlined in June last year. The upward trend has been witnessed ever since the current government took over – the budget has increased about three times from Sh1.3 trillion FY’2013/2014.…

By Antony Mutunga In 2018, Africa decided to overcome tariff and non-tariff barriers to create a single market for goods and services, leading to the foundation of the African Continental Free Trade Area (AfCFTA). This was a chance to promote intra-African trade and, as a bloc, give Africa more power in terms of negotiations with other blocs or developed countries. It was set to be implemented in 2020, but the pandemic delayed the process, leading the trade to start in earnest in January 2021. Since then, more countries have sent in their instruments of ratification. The number stood at 41…