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NBM September 2020-Press-Reduced www.nairobibusinessmonthly.com COMPANY & INDUSTRY COME THE WAY YOU ARE - WHERE HOS- PITALITY MEETS INCLUSIVITY HALFWAY PROPERTY & INVESTMENTS A ROUND UP OF RECENT EXCITING DEVELOPMENTS IN THE REAL ESTATE SECTOR POLITICS, POLICY & LAW LSK AND JOMO KENYATTA: ERA COMING FORWARD BROUGHT WHEN THE SOCIETY PAID FOR ITS ME BACK TO MYSELF P. 5 2 www.nairobibusinessmonthly.com COLONIAL SINS Vol 10 • Issue No. 2 • September 2020 | Ksh300.00 • Tsh5,000.00 • Ush8,000.00 • RFr2,000.00 CRISIS LOOMS IN FUTURE PENSION Recession strangles retirement savings as employers have suspended a total of Sh2.1b across the economy in contributions to schemes since March The perfect supply chain partner for your business WHY CHOOSE US? Industry experience Real-time cargo tracking Customer service focus Logistics lead-time reduction We have invested heavily in We utilize a highly We understand our customers We have significantly reduced infrastructure and human sophisticated web-based needs and ensure that we our clients’ lead-time by pro- resources to match our cargo tracking system that practice good customer actively co-ordinating all the clients’ needs and changing links with major carriers – sea service logistics process from origin to supply chain requirements. freight & air freight. destination. ACCELER TOWERS – 1st Freight Lane, Jomo Kenyatta Int’l Airport, P.O. Box 11364 - 00400 Nairobi, Kenya. Tel: 020-2427496 | 254 703 059 000(30 Lines) Wireless: 254 20 242 7255 Mobile: 254 720 607 070, 254 734 607 070 Fax: 254 20 827 128 Email: [email protected] tech@WORK Africa should take a leaf Contents from China in technology and innovation Nairobi Business Monthly September 2020 P. 51 BRIEFING COVER STORY & FEATURES COMPANY & INDUSTRY Lorna Safaris: Where hospitality meets inclusivity halfway P.14 EXECUTIVE ARENA: Gad Ouma, Managing partner, G.M Gamma Advocates P.20 CORPORATE SCENE Building Africa’s network P. 4 IFC partners with DTB to assist SMEs P.5 New Nanyuki Law Courts opened by the PROPERTY Chief Justice David Maraga P.6 & INVESTMENTS Unity Homes hands keys to buyers P.7 Development partners welcome Round up of exciting developments in move to mainstream alternative the real estate sector P.42 justice systems P.8 DATAVIZ: Banking sector p.11 TECHNOLOGY & INNOVATIONS CRISIS LOOMS IN FUTURE PENSION AS POLITICS,BUSINESS A windfall for fintech in Covid-19 RECESSION STRANGLES SAVINGS P.32 & LAW pandemic P. 48 The perfect supply chain LAST WORD: Realty of Africa’s harsh Era when the society paid for its colonial sins P.22 pest load P.60 SOCIETY partner for your business & CULTURE MONEY & MARKETS Bold WHY CHOOSE US? Business restructuring options P.38 Industry experience Real-time cargo tracking Customer service focus Logistics lead-time reduction Our neighborhood was ruptured by violence and We have invested heavily in We utilize a highly We understand our customers We have significantly reduced ruled by fear, and life as ENTERPRISE I’d once understood it had infrastructure and human sophisticated web-based needs and ensure that we our clients’ lead-time by pro- disappeared. resources to match our cargo tracking system that practice good customer actively co-ordinating all the & IDEAS clients’ needs and changing links with major carriers – sea service logistics process from origin to supply chain requirements. freight & air freight. destination. Why it’s customer experience that Seeking justice with social shapes perceptions of the brand in a service business P.46 Chanel Miller’s experiencemedia being P.52 assaulted P. 52 ACCELER TOWERS – 1st Freight Lane, Jomo Kenyatta Int’l Airport, P.O. Box 11364 - 00400 Nairobi, Kenya. Tel: 020-2427496 | 254 703 059 000(30 Lines) Wireless: 254 20 242 7255 Mobile: 254 720 607 070, 254 734 607 070 Fax: 254 20 827 128 Email: [email protected] September 2020 | Nairobi Business Monthly | 1 Editor’s Note Nairobi Business Monthly Nairobi Business Monthly magazine is published monthly by Al-Nur Media Africa Limited, Mayfair Office Suites, 1st Floor Suite A1, Parklands Road, P.O. Box 57731 – 00200, Nairobi, Kenya Email: [email protected] [email protected] Why wasted 2020 has potential Published by Al-Nur Media Africa Limited Managing Editor of ruining a couple more years David Wanjala Staff Writers Victor Adar Antony Mutunga David Onjili airobi has remained a shell of its usual self during the day and a ghost town at night. Shadrack Muyesu Being Kenya’s capital and its heartbeat from where the rest of the country draws Contributors her life, it is an indication that indeed the entire nation’s economy is on its knees. Peter Wanyonyi Gad Wesonga Gilbert Ng’ang’a TheN otherwise bustling and vibrant streets are agonizingly slow, with crestfallen faces of a work- Jacob Oketch Kosta Kioleoglou force that is evidently worried of the uncertainty of their very survival. A city that has always been up and running as early as 3:00am, 24/7, now wakes up as late as 6:00am. Advertising and Marketing Manager Roselyne Okayo You can leave Embakasi by 6:30am on a weekday and be at the office in Parklands via Mombasa Business Executives road by 7:00am, 30mins later for what has normally taken not less than two hours before. No, it Meresha Ogutu Almasi Usama is not more for the 9:00pm - 4:00am curfew as it is for the reduced economic activity in the city. Design and Layout Save for fintech, most other sectors including education, health, hospitality, media, property, Denet Odhiambo and transport, are struggling, with many companies resorting to restructuring to maintain cash Circulation flow. A majority of the workforce is on unpaid leave. Those that are still working are mostly on The Newspoint - TNP pay cuts. Only a lucky few are still working on full terms. Administration Samah Hassan The heightened activity in the moving industry in the city in both the residential and commercial Fatma Yusuf segments bears witness to the fact that all is not well. Every other person is moving houses to cut Photography on costs. The same trend has picked up in office space with companies opting to constrict space NBM Library and save on rent even as they embrace the working from home phenomenon. Printing Emirates Printing Press, LLC, Dubai, UAE Besides, many other Kenyans, especially those that are on unpaid leave or who have lost their jobs and businesses, have opted, with extinguished savings, to move upcountry altogether. Sadly for Kenyans, it is a double tragedy with the entrenched kleptocracy in the bureaucracy, where those in position of power compete to wipe clean the coffers of funds set aside to mitigate the effects of the pandemic. Nairobi Business Monthly may not be copied and or transmitted or stored in any way or form, electronically or otherwise, without the prior and written consent of Even if the Covid-19 pandemic were to be conquered today, say by discovery of both cure and the publisher. Nairobi Business Monthly is published at Parklands Road, by Al-Nur Media Africa Limited, P.O. Box vaccine, it would take more than a year or two to bring life back to normalcy. I say this well aware 57731 – 00200, and Telephone 0735 701702, 0715 061658. Registered at the GPO as a newspaper. that there are many Kenyans out there whose course of life has changed forever with deemed All correspondence to the editor is assumed to be prospects of redemption. intended for publication. Nairobi Business Monthly admits no liability for unsolicited articles or pictures, which must be accompanied with a self-addressed, stamped envelope. Whilst every effort has been made to ensure the accuracy of the information contained in this book, the authors, publishers and editors accept no responsibility for any loss, financial or otherwise, sustained by any person using this publication. No David Wanjala part of this publication may be reproduced, stored MANAGING EDITOR in retrieval systems or transmitted in any form by any means, without prior written permission of Nairobi — [email protected] Business Monthly. All rights are reserved. 2 | Nairobi Business Monthly September 2020 WE'D LOVE TO HEAR FROM YOU: Send your letters to, [email protected] Submission of a letter constitutes permission to publish it in any form or medium. Letters may Mailbox be edited for reasons of space and clarity. DISCLAIMER: Letters submitted to Nairobi Business Monthly Magazine are presumed to be intended for publication. The editor reserves the right to edit them. Readers are advised to submit their names and addresses even when these are not to be published. email: [email protected] www.nairobibusinessmonthly.com COMPANY & INDUSTRY BUSINESS UNUSUAL AS LENDERS RETHINK THE AUCTION PATH PROPERTY & INVESTMENTS RESIDENTIAL REPORT: PRICE, RENTAL YIELDS AND MARKET UPTAKE EXPERT OPINION WHY SOME THINGS CAN BE TACKLING COVID-19 SOCIO- ECONOMIC CHALLENGES P. 5 2 www.nairobibusinessmonthly.com MONETISED; PERSONAL DATA SHOULD NOT BE ONE OF THEM Vol 10 • Issue No. 1 • August 2020 | Ksh300.00 • Tsh5,000.00 • Ush8,000.00 • RFr2,000.00 Comments on our stories and topical issues THE STRUGGLE OF KEEPING KQ IN THE SKIES AMID COVID-19 HEADWINDS The industry faces its gravest crisis. Within a matter of a few weeks, our previous worst-case scenario is looking better than our latest estimates. Without immediate government relief measures, there will not be an industry left standing Users should have a say on how their — IATA director-general and CEO Alexandre de Juniac information is being used. In addition, organizations that need some of the user’s data, need to ensure it is safe from hackers to avoid the issue of sensitive data ending in the wrong hands. – Steven Wekesa, Nairobi PERSONAL data SHOULD not BE MONETISED importance and how it can improve their option, and most papers are going that route Not long ago was oil the most valuable daily operations.
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