Question 1: Briefly explain role of the following Financial Institutions in the economic development of Kenya: a) Kenya Industrial Estates: Kenya Industrial Estates (KIE) Limited was established in 1967 as a subsidiary of Industrial and Commercial Development Corporation (ICDC) with a major role of promoting indigenous entrepreneurship by financing and developing small scale and micro enterprises.
KIE Limited was established to facilitate development and incubation of micro, small and medium enterprises (MSMEs) countrywide by establishing industrial parks, providing credit and business development services (BDS) in a sustainable manner. The services offered by KIE include; * Development of Industrial Estates and Provision of MSMI
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Business SME solution centre’s are facilities that are set up to offer platforms from which entrepreneurs can develop business ideas into profitable business ventures run and owned by individuals. It also provides breeding grounds for existing business for growth and take-off. b) Industrial & Commercial Development Corporation (ICDC):ICDC is the pioneer Development Finance Institution (DFI) established in 1954, to facilitate economic development of Kenya through provision of medium and long-term financial solutions. * It provides equity solutions to entrepreneurs through Joint ventures and Strategic partnerships to promote and encourage private sector investment and entrepreneurship for job and wealth creation. * ICDC also seeks to grow existing businesses and promote establishment of new ones through provision of corporate and wholesale loans at competitive rates and also through asset financing. * ICDC also provides Management and Advisory Services to corporate institutions. The Services offered include: * Corporate Secretarial * Share Registration * Internal audit c) The Agricultural Finance Corporation (AFC): AFC is a wholly owned Government Development Finance Institution (DFI), established in 1963 initially as a subsidiary of the Land and Agricultural Bank. In 1969, it was incorporated as a full – fledged financial institution under the Agricultural Finance Corporation Act, Cap 323 of the laws of Kenya. It
Company has evolved to handle joint ventures, but not all of them turn into successes.
5. Which two institutions have been largely responsible for lending money to developing countries in the era after decolonization?
. The CBE is located in the Ethiopian capital Addis Ababa, which is the center for business in the country. The bank was established in 1963 and is the first bank after Ethiopia’s victory over fascist Italy in
3. What basic economic problem in the newly independent post-colonial countries was foreign assisted development intended to address? (Hint: savings.)
One can get a sense of her self reflection when she questions her abilities after the disappointment in Nairobi "The question was one of leadership, of having the patience and skills to bring people with me - and I had yet to learn that fully" One can easily forgive the poor narrative and be drawn into structure the book follows, A steep learning and gathering of ideas in the first third of the book, the realization of a dream and the disappointment of the failure of the system in the middle, acute action and accomplishment in the last third. Almost like a Business plan carried out with perfection. One can also overlook the fact that many chapters of the book act as individual case studies, outlining the many challenges faced my Entrepreneurs across the developing world. The loan analysis of a fledging Micro Finance in Nairobi, The startup of a new Micro-Finance Organization Duterimbere, Leadership and Entrepreneurial skills while re-inventing the Blue Bakery, Bringing cost effective Maternal and Eye care to India, Developing a brand name in the face of tight competition in
The African Entrepreneur Collective is a 501(c)(3) company that has a commendable and admirable social mission. Essentially their goal is to create jobs in Rwanda, Africa. They believe that the best method to accomplish this is to help the entrepreneurs who are already creating jobs, create more of them. They primarily receive their funding from government grants and private foundations, but they also accept personal donations. Their reliance on these grants and foundations makes the people in charge of retaining and finding new sponsorships extremely vital to the company, and therefore they wield substantially
Bank affects the country of Sierra Leone, it states that the “International Monetary Fund (IMF)
1. He has minimal training in business ownership. He has the background of a computer programmer, and is getting his MBA but he is still in the process of learning and doesn’t have the knowledge to start an internet café.
Small businesses are mighty minnows, reflecting the competitive spirit that a market economy needs for efficiency; they provide an outlet for entrepreneurial talents, a wider range of consumer goods and services, a check to monopoly inefficiency a source of innovation, and a seedbed for new industries; they allow an economy to be more adaptable to structural change through continuous initiatives embodying new technologies, skills, processes, or products (Ibielski 1997, p. 1).
Kenya has often had changes with their government, which is due to the ethnic population from past English colonization and Arabian traders. More recently, Kenya has become the regions geopolitical hub, with the most stable government of the past African colonies. Its political geography is spread into three different time periods. They were known as the late colonial times, the post independent struggle and the two decade struggle Although it has been a long and violent path to come to this, it was well worth it by becoming known as the “anchor of East Africa”.
These are national or regional financial institution designed to provide medium- and long-term capital for productive investment, often accompanied by technical assistance, in poor countries.
The country is a key investor within the East African commmunity, while the largest chunk of intraregional trade is due to Kenya. However, economic
General Motors East Africa Limited was formed in 1975 and is a joint venture between General Motors Corporation (57.8%), Industrial and Commercial Development Corporation (20%), Centum Investments (17.8%) and Itochu Corporation (4.4%).
Formal and informal institutions’ lending policies and access to credit by small-scale enterprises in Kenya: An empirical assessment
Safaricom is therefore a great company to study. Its influence on the Kenyan financial standing cannot be ignored, its boundless innovativeness as well as the fact that Safaricom has now become a company that international investors strongly associate with Kenya. On this paper I have outlined Safaricom’s history as well as Kenya’s history and the codependent relationship their success stories share. Also included are Safaricom products and services as well as the company’s marketing strategy. I have also examined how