The Kenya Business and Economics Times

  Driven by the need to cut costs, improve efficiency and at the same time remain competitive, firms across the world have had to keep innovating and leveraging on technology. Will Purcell- a marketing specialist describes innovation as, “… the process that an individual or organization undertakes to conceptualize brand new products, processes and ideas or to approach existing products, processes and ideas in new ways.” Businesses that embrace innovation are likely to enhance their brands, increase efficiency, stay ahead of disruption and ultimately realize growth. If latest developments are to go by, then, there is no gainsaying the fact that technology takes center stage in most innovative processes across firms. A case in point is that of Uber, the popular ride sharing company. By combining modern technology with flexible payment and pricing strategies, while simultaneously offering a beneficial platform for prospective drivers the company was able to take over the taxi indu...

  On 17 th March insiders at Kenya Commercial Bank (KCB) while speaking to journalists revealed that the bank is seriously considering floating a green bond of an upwards of sh114 billion. KCB, which recently announced a record shattering profit of sh34.2 billion for the year ending December 31, 2021 was in 2020 accredited by the United Nations’ Green Climate Fund (GCF) as the first lender in the country to support climate mitigation and adaption projects through green financing. Though still at the beginning of the acceleration phase, green bonds are on track to become a global craze. According to the Climate Bonds Market Intelligence (CBMI), the global green bonds market has exhibited a stellar growth of about 50% in the past five years. In 2020 alone, about $532 billion dollars was raised globally via green bonds- a year on year jump of about 87%. Results of a climate bonds survey carried out in October of 2021 by CBMI indicates that investors expect that global investment in...