NextGen Succession Planning for Kenyan Family Businesses; Including market insights into Waqf Principles

NextGen Succession Planning for Kenyan Family Businesses; Including market insights into Waqf Principles

Recent research conducted by Asoko has revealed that Kenya boasts close to 500 family-owned businesses that generate revenues surpassing the US$10 million mark. This diverse spectrum of businesses spans across various industries, sectors and specialisms. Furthermore, among these businesses, close to 15% achieve annual earnings exceeding US$50 million, a quarter of which exceed the US$100 million threshold. Despite their positive impact on Kenya’s economy, family-owned businesses face several structural challenges, including a lack of robust…

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The role of financial institutions in increasing the pace and scale of Africa’s Renewable Energy Transition

The role of financial institutions in increasing the pace and scale of Africa’s Renewable Energy Transition

By James Agin – Executive – Corporate and Investment Banking Absa Bank Kenya The urgent need to combat climate change has thrust renewable energy into the global spotlight. As governments, businesses, and individuals grapple with the challenges of reducing carbon emissions, the role of financial institutions in supporting and propelling the renewable energy transition is becoming increasingly prominent. The financial services sector, with its financial power, extensive networks, and ability to drive systemic change, has…

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Emerging Markets: A changed asset class – More quality, less risk?

Emerging Markets: A changed asset class – More quality, less risk?

There is a great deal of confusion today about what really constitutes the asset class known as ‘emerging markets’ (“EMs”), and with good reason. The official grouping from index providers such as MSCI contain a hotchpotch of countries across the globe with often very little in common. There is also confusion about the characteristics of the asset class: everyone assumes it is risky, but is it? Is it cyclical, is it correlated to commodities, is…

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Nigeria’s industry is rising to the twin challenge of decarbonisation and energy security

Nigeria’s industry is rising to the twin challenge of decarbonisation and energy security

Nigeria is a major industrial hub. It is home to energy-intensive manufacturing businesses whose operations, and growth potential, are constrained by the weakness of the country’s electricity supply. To mitigate this, industrial companies have been building their own power generation capabilities, but the result has often been the reliance on expensive and polluting diesel generators. As such, the industrial sector represents one of the country’s largest sources of greenhouse gas emissions. In most places in…

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Will Manchester United Become the Most Expensive Sports Club in the World Following a Takeover?

Will Manchester United Become the Most Expensive Sports Club in the World Following a Takeover?

While there is still no guarantee that the Glazer family will sell Manchester United, if a sale does go ahead, Manchester United will instantly become one of history’s most expensive sports teams. According to reports, the bid that is most likely to win will be Qatar’s bid (Sheikh Jassim Bin Hamad Al Thani) or Jim Ratcliffe’s bid. The price for the club is expected to be worth in the region of £6 billion. Find out…

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How Africa’s Financial Sector Can Manage Risk in Volatile Times By Thabo Molefe, Head of Africa Regions, TransUnion Africa

How Africa’s Financial Sector Can Manage Risk in Volatile Times By Thabo Molefe, Head of Africa Regions, TransUnion Africa

Right now, every financial services company in Africa wants the same thing: to grow revenues, and reduce their risk. But with consumers across the continent struggling in the face of rising inflation and interest rates, they’re experiencing a growing wave of non-performing loans (NPLs), which is putting a brake on their growth ambitions. At the same time, regulators and governments across the continent are challenging the financial services sector to drive greater financial inclusion. The…

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Conversational AI: Fighting fraud while reducing friction for customers – Brendan Van Staaden, Managing Executive, MoData Interactive.

Conversational AI: Fighting fraud while reducing friction for customers – Brendan Van Staaden, Managing Executive, MoData Interactive.

The risks of identity fraud remain as high as ever for consumers and banks alike. Global research from Experian shows that 58% of consumers have been a victim of online fraud or know someone who has been a victim, or both. The challenge that banks face is protecting their customers from increasingly sophisticated identity thieves and scammers without adding undue friction to customer experience (CX). One of the most powerful tools institutions can leverage to…

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