For years, businesses in Kenya and beyond have relied on tried-and-tested strategies—price wars, aggressive marketing, and customer loyalty programs—to stay ahead. But what happens when these formulas stop working? When consumers no longer respond to discounts, when competition becomes overwhelming, and when the economy throws unexpected curveballs?
The recent news that commercial banks in Kenya have achieved a record pre-tax profit of KES 262 billion raises questions about the relationship between bank profits and economic performance. This paradox seems counterintuitive given the challenges faced by the broader economy, including slow growth, high unemployment rates, and increased business closures.
The phenomenon of billionaires and established companies facing asset auctions despite apparent wealth can be attributed to a combination of financial strategies, behavioral biases, and systemic challenges.
The public notices issued by CMC over the winding up of operations was sad news and a bitter pill to swallow for many of us. This is the sad and unfortunate reality of many companies where they have to make a decision on whether to keep fighting or to throw in the towel! The sad news comes at the backdrop of another notice issued last year by Mobius, but fortunately, they were saved by a “mysterious investor”. There is not much that has been said since then about Mobius.
To enhance corporate governance, the Capital Markets Authority (CMA) has introduced a cap limiting company secretaries to serving a maximum of three listed firms concurrently. This policy aims to mitigate risks associated with overcommitment and strengthen governance practices across Nairobi Securities Exchange (NSE)-listed companies.
In a thought-provoking episode of Show Me the Market on Horizon TV, financial expert and insolvency practitioner Mohamed Ahmed shared invaluable insights on business rescue strategies. The discussion aimed to equip business owners with tools and approaches for navigating financial distress and achieving sustainable recovery.
