Employee ownership schemes and their effects on firms
Aug 9, 2015
Having recently introduced a share ownership plan for all Cytonn staff, we focus on the topic to demonstrate its importance to growing businesses in the country. At Cytonn, staff have both a grant of shares, at no cost, and a share purchase plan at a discounted rate. Employee ownership schemes are an attractive form of giving employees an opportunity to participate in the ownership and decision making of their company. An employee share ownership plan (ESOP) is an arrangement between an employer and an employee, whereby the employee is granted rights to own a defined number of shares in the company, usually at a discounted price and upon fulfillment of pre-set conditions. A company can implement ESOPs in a number of ways including; (i) issuing shares directly to its employees, (ii) allowing employees to buy into the shares of the company, often at a discount, and (iii) grant its employees an option to buy shares in the company at some future date. For any ESOP, there...The effects of the Global Entrepreneurship Summit being held in Kenya
Jul 12, 2015
The Global Entrepreneurship Summit (GES) is a global forum that brings together business owners, young innovators, educationalists, policymakers, thought leaders and investors from across the globe to support developing regions. Since 2010, the U.S has elevated entrepreneurship to the forefront of its engagement with the world and the GES is a formal annual forum for the engagement. The 6th annual gathering is being held in Kenya on 25th - 26th July 2015, and is being co-hosted by U.S. president Barrack Obama and Kenyas president Uhuru Kenyatta. This will be the first time that the summit is held in Sub-Saharan Africa, and the decision to hold it in Kenya showcases the countrys huge economic potential. Kenya joins Turkey, UAE, Malaysia and Morocco as previous hosts of GES. The country is blessed in numerous enviable ways a great geographical location that makes it a regional hub; great weather; an educated, numerate, literate and welco...Entrepreneurship, its drivers and challenges
Jul 26, 2015
Entrepreneurship is the capacity and willingness to develop, organize and manage a business venture along with any accompanying risks. Over the years, entrepreneurship, along with innovation, has carved its role in the economic and social development of the society, transforming the lives of millions of people around the globe.The stand-alone trait that makes an entrepreneur is the entrepreneurial spirit that inspires one from within to be the best they can be. It develops within an individual who demonstrates a true passion for building something great from nothing and the will to push themselves to the limits to achieve their goals. An entrepreneur (i) is always passionate about what they do, (ii) always welcomes improvement in every aspect of their lives, (iii) optimistic about all possibilities, while taking challenges and obstacles as learning opportunities, (iv) takes calculated risks, and above...The performance of the Kenya Shilling
Jul 19, 2015
Emerging market currencies have been under pressure during the year because of the US Federal Reserve’s announcement of an intention to raise interest rates. The expectation of a rate hike by the Fed has sent capital flowing out of emerging markets, causing a depreciation of most currencies. Additionally, the possibility of a “Grexit” is exacerbating the need for investors to invest in safer regions, such as the US. As expected, the impact of this on the currencies differs from country to country depending on the strength of the country’s macroeconomic fundamentals, with countries that have weaker fundamentals experiencing higher currency volatility. The Kenya Shilling has witnessed a downward pressure against the dollar since the beginning of the year, losing 13.0% YTD to close at 102.5 as of Friday 17th July from a rate of 90.6 at the start of the year. The depreciation of the shilling can be attributed to a number of factors, namely:...The effects of the Global Entrepreneurship Summit being held in Kenya
Jul 12, 2015
The Global Entrepreneurship Summit (GES) is a global forum that brings together business owners, young innovators, educationalists, policymakers, thought leaders and investors from across the globe to support developing regions. Since 2010, the U.S has elevated entrepreneurship to the forefront of its engagement with the world and the GES is a formal annual forum for the engagement. The 6th annual gathering is being held in Kenya on 25th - 26th July 2015, and is being co-hosted by U.S. president Barrack Obama and Kenyas president Uhuru Kenyatta. This will be the first time that the summit is held in Sub-Saharan Africa, and the decision to hold it in Kenya showcases the countrys huge economic potential. Kenya joins Turkey, UAE, Malaysia and Morocco as previous hosts of GES. The country is blessed in numerous enviable ways a great geographical location that makes it a regional hub; great weather; an educated, numerate, liter...