...provision of public services and planning. The policy did however fail but the DDCs remained and continue to lead development planning and implementation at the district level. Decentralization policy: Adopted in 1982, the decentralization policy is implemented in Kenya through the District Focus for Rural Development (DFRD). The District Commissioners (DCs) are responsible for implementing all government development programs and handling the related funding from the district to the grassroots level. The Development Committees, set up at the district, division and location levels, not only implement programs identified by the Government but also spearhead similar programs and recommend them to the Government for financial and technical support. The District Focus for Rural Development (DFRD), adopted in 1983, was an attempt to coordinate development activities and service delivery at the district level. The DFRD has been until recently the key system for the planning, implementation and management of development activities. However, it has been argued that, “the DFRD was a mere dispersal of Central Government control outside the national capital without tangible transfers of powers to make decisions at local level” (Kenya Community Driven Development: Challenges and Opportunities, Report 24688, World Bank, June 27, 2002). As a reaction to the failure of DFRD, there has been a renewed interest in the service delivery capacities of Local Authorities. The Kenya Local Government...
Words: 1432 - Pages: 6
...FACTORS INFLUENCING E-PROCUREMENT PRACTICES IN PARASTATALS IN KENYA. (A Case Study of the New Kenya Cooperative Creameries.) BY KINYUA ANTONY NJERU BBM/5285/12 A RESEARCH PROPOSAL SUBMITTED TO KARATINA UNIVERSITY, SCHOOL OF BUSINESS IN PARTIAL FULFILMENT OF THE REQUIREMENTS FOR THE AWARD OF A BACHELORS DEGREE IN BUSINESS MANAGEMENT. JULY, 2015 DECLARATION I hereby declare that this research proposal is my original work and has not been presented for a degree in any other university. Sign……………………………… Date……………………………….. Antony Njeru Kinyua BBM/5285/12 This proposal has been submitted to the School of Business for examination with my approval as University supervisor. …………………………………….. Date…………………………………….. Ms Ester Maina. DEDICATION I dedicate this work to my parents, brothers and sister. I also dedicate this work to my fiancée and to all my business partners. ACKNOWLEDGEMENT I hereby take this opportunity to acknowledge with gratitude Karatina University for providing me with the opportunity to pursue my bachelor’s degree in Business Management. My special thanks go to my supervisor Ms. Ester Maina for the invaluable support and insightful guidance in the production of quality work. I acknowledge my colleagues for their encouragement during the time of study. I am highly indebted to my family for their facilitation and encouragement, in ensuring that I carried up with the course and project preparation successfully. Most...
Words: 5174 - Pages: 21
...POLICY AND PEACEBUILDING FINAL PAPER University of Notre Dame THE LAND QUESTION AND DISPLACMENT IN KENYA: SUPPORT FOR EFFECTIVE IMPLEMENTATION OF THE NATIONAL LAND POLICY By William Kiptoo EXECUTIVE SUMMARY In 2010 Kenya enacted the National Land Policy following the promulgation of the new through the referendum. This was achieved through many years of consultation between the government and stakeholders of the land sector, mainly civil society organizations. The need for land reform was also identified by the Kenya National Dialogue and Reconciliation as key to long-term peace and reconciliation. The policy aims to address Kenya’s land tenure problems that have caused political violence during elections and mass displacements of the local population due to unresolved land grievances. Internal displacement and land problems in Kenya are a product of the colonial legacy, where the land policy favored the white settlers against the African natives. After independence successive governments inherited these policies and land became political tool to rewards loyalties further creating divisions and discontent. A myriads of land-related conflicts followed pitting communities against each other as political elites continue to benefits. The inability of the government of Kenya to adequately address the land question has implied that the basic needs of significant proportion of the Kenyan population are not met. The basis of the new law is address the root causes of...
Words: 4527 - Pages: 19
...THE IMPACT OF PENSION SECTOR REFORMS ON THE FINANCIAL VIABILITY OF PENSION PLANS IN KENYA By Akwimbi Ambaka William March 12, 2011 Department of Business Administration, School of Business, University of Nairobi, Kenya Electronic copy available at: http://ssrn.com/abstract=1784297 TABLE OF CONTENTS Declaration List of Tables List of Figures Appendices Abbreviation CHAPTER ONE: INTRODUCTION 1.0. 1.1. 1.2. 1.3. 1.4. 1.5. 1.6. Background of the Study The Conceptual Basis of Social Security Schemes The Kenyan Contextual Basis of Social Security Problem Statement Research Questions and Objectives Research Hypotheses Importance of the study 1 3 10 19 22 22 23 CHAPTER TWO: LITERATURE REVIEW 2.0. Introduction 2.1. Review of Theoretical Literature on Financial Viability of Pension Schemes 2.2. Review of Empirical Literature of Studies on the Solvency of Pension Schemes 2.3. Models for Evaluating the Financial Viability of Pension Schemes 2.4. A Summary of the Knowledge and Research Gaps 25 25 46 60 68 REFERENCES APPENDICES i Electronic copy available at: http://ssrn.com/abstract=1784297 GLOSSARY CAC CALPERS CAPSA CBS C-D CEO CGE CSR DB DC E.T.I EME ERISA FMA GASB GDP GSP INPFRS INSS IPD IRA IRBS KNAO KNBS LUPFUND NSE NSSF NYSCRF OECD OSFI PBGC PLC PPF PPR PROST PRPOPS PSPS PSSS RBA SAM SIPO SOX SSNIT SSS Commonwealth Authorities and Companies Act CEO California Public Employees Retirement System The Canadian Association of Pension Supervisory Authorities Central Bureau...
Words: 37595 - Pages: 151
...than three billion people live on less than $2.50 a day which is approximately half the world’s population. In 2005, the developing world had about 72 million children of primary school age not enrolled in school; of this 72 million, 57 percent of them were girls. Each year, 2.2 million children die because they lack immunisation (Globalissues.org, 2013). This essay will discuss the fundamental determinants of poverty with the two main contenders being geography and institution. It would also discuss the proximate determinants of poverty in Kenya. What causes poverty is an important question when trying to explain poverty, but it is not one which can easily be answered. These causes can be grouped into ‘proximate’, ‘intermediate’ and ‘fundamental’ causes of poverty. The proximate cause is the ‘nearest cause’ in the chain of causation, ABCDE. The fundamental cause is what sets the chain of causation in motion. The fundamental cause of E is A, and B, C and D are intermediate causes (Rycroft 2009, p.232). In order to design a policy to reduce poverty, identifying the fundamental causes of poverty is essential. When explaining the fundamental determinant of poverty, the two main contenders that cause a difference in the prosperity of countries are geography and institutions (Acemoglu, as cited in Banerjee et al 2006, p19). The geography hypothesis...
Words: 2058 - Pages: 9
...1.0 INTRODUCTION Kenya Vision 2030 is based on three pillars;economic, social and political. The social pillar seeks to build a just and cohesive society with social equity in a clean and health environment. The pillar aims to transform eight key social sectors including; education and training, health, water and sanitation, environment, housing and urbanization. The Kenya Vision 2030 identifies the education sector as key within the social pillar to steer Kenya into middle-level income country in 20 years. 1.1 Overall Goal on Education and Training Under education and training, Kenya aims to provide a globally competitive and quality education, training and research. Kenya aims to be a regional centre of research and development in new technologies. This will be achieved through: i) Integrating early childhood education into primary education ii) Reforming secondary school curricula iii) Modernizing teacher training iv) Strengthening partnerships with the private sector v) Developing key programmes for learners with special needs vi) Rejuvenating ongoing adult training programmes vii) Revising the curriculum for university and technical institutes to include more science and technology; and viii) In partnership with the private sector, the Government will also increase funding to enable all these institutions to support activities envisaged under the economic pillar 1.2 Medium Term Plans Vision 2030 is being implemented...
Words: 2369 - Pages: 10
...issues affecting the implementation of computer-based information systems in the developing countries: a critical review of literature A paper presented to the Journal of library and information science for consideration for publication. Date: November 2015 Author: Daniel Kinyanjui (Bsc-Information Science-Moi University-Eldoret, Kenya and Currently Studying Masters of Library and Information Science at Kenyatta University-Kenya) Daniel is also the editor of institutional in-house publications at Oshwal College-Nairobi and the College Head of Library Services. Abstract Implementation of computer-based information systems (CBIS) has become increasingly important due to the growing reliance on new technologies by organisations in their operations and service delivery. There has also been realisation by individuals and businesses of the inevitability of delivering value-added services without computerized systems. Despite this awareness and the apparent growing readiness to deploy computer-based systems, there still exists a myriad of perennial challenges inhibiting the implementation of these systems. Using insights from previous studies, the paper sums up the legal issues that have been acknowledged by various scholars as major obstacles to the implementation of CBIS in developing countries. Drawing from the understanding of these challenges, the author finally attempts to advance possible strategies that can be used to overcome these challenges Keywords and phrases:...
Words: 3108 - Pages: 13
...BETWEEN CORPORATE GOVERNANCE PRACTICES AND FINANCIAL AND FINANCIAL PERFORMANCE OF INVESTMENT BANKS IN KENYA | NICHOLAS KIPYEGOMEN CHEPKOIWO | FACTORS AFFECTING THE DEVELOPMENT OF EMERGING CAPITAL MARKETS. THE CASE OF NAIROBI STOCK EXCHANGE | KIPKURUI KIMOSOP | THE RELATIONSHIP BETWEEN CORPORATE GOVERNANCE AND FINANCIAL PERFORMANCE OF INSURANCE COMPANIES IN KENYA | OMENDA CHRISTOPHER ODHIAMBO | EFFECT OF STOCK SPLITS ON STOCK LIQUIDITY OF COMPANIES QUOTED AT THE NSE | GEORGE MARTIN NZIVE KASYOKA | THE USE OF STRATEGIC POSITIONING TO ACHIEVE SUSTAINABLE COMPETITIVE ADVANTAGE AT SAFARICOM LIMITED | MUTIE PETER KIOKO | RELATIONSHIP BETWEEN PRIOR PERIOD DIVIDENDS AND FINANCIAL PERFORMANCE OF FIRMS LISTED AT THE NSE | EVANS ODHIAMBO OYIEYO | BALANCE SCORE CARD AS A STRATEGIC MANUFACTURING INDUSTRY IN KENYA | SAMBA STEPHEN MIDEGA | INVESTIGATION OF CAPACITY MANAGEMENT STRATEGIES AND THEIR INFLUENCE ON SERVICE QUALITY: CASE OF NAIROBI SUPERMARKETS. | LUCY MUTHEU KIILU | CAUSES OF INDUSTRIAL DISPUTE IN GARMENT FACTORIES AT THE ATHI RIVER EXPORT PROCESSING ZONES, KENYA | JENIFFER N. MULI | THE RELATIONSHIP BETWEEN HOUSE PRICES AND MORTGAGE CREDIT IN KENYA | LOISE KINYUA WANJIRU | STRATEGIC RESPONSES OF EQUITY BANK TO FRAUD RELATED RISKS | DOMSIANA ANYANGO ONYANGO | THE RELATIONSHIP BETWEEN FINANCIAL PERFORMANCE AND INVESTMENT STRATEGIES OF PENSION FUNDS IN KENYA | MARGARET W. GICHANE | ADOPTION OF SOCIAL MARKETING CONCEPT BY PRIVATE HOSPITALS IN NAIROBI. | SHIUNDU...
Words: 15830 - Pages: 64
...FACTORS AFFECTING E-PROCUREMENT IN PUBLIC INSTITUTIONS IN KENYA (A CASE OF THE NATIONAL MUSEUMS OF KENYA) MICHAEL MWANGADA MGANGA L126/31112/2012 THIS RESEARCH PROJECT SUBMITTED FOR PARTIAL FULFILLMENT OF THE AWARD FOR DIPLOMA IN PURCHASING SUPPLIES OF THE UNIVERSITY OF NAIROBI SEPTEMBER 2015 DECLARATION Declaration by the Student This is my original work and has never been presented to any other institution or any other examination body Name: Michael Mwangada Mganga Signature: ________________ Date: ____________ This research project has been submitted for Examination with my approval as University supervisor. Name: M Sign: _______________________ Date: _________ DEDICATION This is dedicated to the Almighty God for his blessings for the whole duration of my study. Moreover my family members especially my parents for their moral and financial support that they have extended to me throughout my studies. You taught me the value of education and helped me believe that I can make it in life with more effort. I am heartily thankful to my supervisor, whose encouragement, guidance and support from the initial to the final level has enabled me to develop an understanding of the subject. Lastly, I offer my appreciation and blessings to all those who supported me including my fellow students through their encouragement during the completion of the project. You need to use name? ACKNOWLEDGEMENT This project is a success through the...
Words: 11821 - Pages: 48
...CHAPTER ONE INTRODUCTION 1.1 Background to the Study Since the 1960s to date, small and medium sized enterprises (SMEs) have been given due recognitions especially in the developed nations for playing very important roles towards fostering accelerated economic growth, development and stability within several economies (Yitzhaki, 2006). They make-up the largest proportion of businesses all over the world and play tremendous roles in employment generation, provision of goods and services, creating a better standard of living, as well as immensely contributing to the gross domestic products (GDPs) of many countries (OECD, 2000).Over the last few decades, the contributions of the SMEs sector, the development of the largest economies in the world have beamed the searchlight on the uniqueness of the SMEs; and this have succeeded in overruling previously held views that SMEs were only ―miniature versions‖ of larger companies (Al-Shaikh 1998; Gaskill et al. 1993). And although Small and Medium Enterprises have been at the center of the policy debate for quite some time in both developed and developing countries, little analytical work has been undertaken in this area.The dearth information that exists among researchers on Small and Medium Enterprises however provides a sense of how important this sector is for sustainable development in emerging economies (Medina, 2001). For instance, recent studies conducted by United Nations Industrial Development Organization (UNIDO) concur that SMEs...
Words: 21615 - Pages: 87
...KISII UNIVERSITY ELDORET CAMPUS FACULTY OF COMMERCE EVALUATING SERVICE CHARTERS AS AN EFFICIENCY STRATEGY ON EMPLOYEE PERFORMANCE AT WEBUYE SUB-COUNTY HOSPITAL TIMOTHY SHALO CBM12/10693/14 A Research Proposal Submitted in Partial Fulfillment of the Requirements of the Award of a Master’s Degree in Business Administration - Strategic Management option, at Kisii University, Eldoret Campus August 2015 DECLARATION Declaration by the Candidate This research proposal is my original work and has not been presented for a degree in any other university or institution. No part of this project may be reproduced without prior permission of the author and/or Kisii University. Signature: ___________________ Date___________________ Timothy Shalo CBM12/10693/14 Declaration by the Supervisors This proposal has been submitted for examination with our approval as University Supervisors Signature: __________________ Date_____________________ Dr. Osodo Lecturer, Faculty of Commerce, Kisii University. Signature: __________________ Date_____________________ Dr. Okello Lecturer, Faculty of Commerce, Kisii University. DEDICATION This research proposal is dedicated my family for the support and encouragement they gave me throughout the period of undertaking the proposal. ACKNOWLEDGMENT First, I wish to...
Words: 4164 - Pages: 17
...UNCTAD/OSG/DP/132 THE CAUSES OF FINANCIAL DISTRESS IN LOCAL BANKS IN AFRICA AND IMPLICATIONS FOR PRUDENTIAL POLICY Martin Brownbridge No. 132 March 1998 The author thanks Samuel Gayi, Andrew Cornford, Richard Harrington, Charles Harvey and Saqib Jafarey for valuable comments, but accepts sole responsibility for all errors and the views expressed in the paper. UNCTAD/OSG/DP/132 - ii - The opinions expressed in this paper are those of the author and do not necessarily reflect the views of UNCTAD. The designations and terminology employed are also those of the author. UNCTAD Discussion Papers are read anonymously by at least one referee, whose comments are taken into account before publication. Comments on this paper are invited and should be addressed to the author, c/o Editorial Assistant*, Macroeconomic and Development Policies, GDS, United Nations Conference on Trade and Development (UNCTAD), Palais des Nations, CH-1211 Geneva 10, Switzerland. Copies of the UNCTAD Review, Discussion Papers and Reprint Series may also be obtained from this address. New Discussion Papers are available on the web site at: http://www.unicc.org/unctad/en/pressref/prdis.htm * Tel. 022-907.5733; Fax 907.0274; E.mail: nicole.winch@ unctad.org JEL classification: G280 - iii - CONTENTS Chapter Page INTRODUCTION I. II. III. GROWTH AND CHARACTERISTICS OF LOCAL BANKS IN AFRICA MORAL HAZARD, ADVERSE SELECTION AND FINANCIAL FRAGILITY THE CAUSES OF FINANCIAL DISTRESS...
Words: 11598 - Pages: 47
...ASHESI UNIVERSITY COLLEGE INVESTIGATING THE EFFECT OF THE PUBLIC PROCUREMENT LAW ON THE GHANAIAN EDUCATIONAL SECTOR By EYRA LYDIE GNANIH Thesis submitted to the Department of Business Administration Ashesi University College In partial fulfilment of Bachelor of Science degree in Business Administration APRIL 2012 i Declaration I hereby declare that this thesis is the result of my own original work and that no part of it has been presented for another degree in this university or elsewhere. Candidate’s Signature:…………………………………………………………………… Candidate’s Name: Eyra Lydie Gnanih Date: Thursday, 12th April 2012 I hereby declare that the preparation and presentation of the thesis were supervised in accordance with the guidelines on supervision of thesis laid down by Ashesi University College. Supervisor’s Signature:…………………………………………………………………….. Supervisor’s Name: Dr Stephen E. Armah Date:………………………………….. ii Acknowledgement Gratitude goes to my parents for their encouragement, support, and inspiration. To Dr Stephen E. Armah, my thesis supervisor, thank you for the constructive criticisms and timely feedback which were of exceptional help in completing this project. For the reception and openness of the Secretary of the Public Procurement Authority and for the reports and information made available by Mr Alex Osei-Bonsu of the same institution, thank you. This project would not have been possible without the generosity and willingness of the heads...
Words: 14700 - Pages: 59
...MP A R Munich Personal RePEc Archive Attracting Microfinance Investment Funds: Promoting Microfinance Growth through Increased Investments in Kenya Jeffrey Ben Matu Duke University, International Development Program 18. April 2008 Online at http://mpra.ub.uni-muenchen.de/12084/ MPRA Paper No. 12084, posted 12. December 2008 17:42 UTC Attracting Microfinance Investment Funds: Promoting Microfinance Growth Through Increased Investments in Kenya Master’s Project Master of Arts in International Development Policy Terry Sanford Institute of Public Policy Duke University Jeffrey Ben Matu Principal Policy Advisor Dr. Graham Glenday April 18, 2008 Acknowledgements This paper could not have been written without Dr. Graham Glenday who not only served as my policy advisor, but also encouraged and challenged me to do my best. I would also like to thank my other committee members; Dr. Cory Krupp and Dr. Rosemary Fernholz for patiently guiding me through the writing process and for their suggestions and continued support. To my family and friends, I thank you for your encouragement with reading and commenting on the paper. And to my wife Sharon, for believing in me and encouraging me to never accept less than my best efforts. Finally I would like to thank Jennefer Sebstad, Leila Webster, Stefan Staschen, and Jerry Grossman for reading and making comments on my drafts. Thank you all. 2 Table of Contents List of Acronyms…………………………….…………………………………………….……………………...
Words: 22493 - Pages: 90
...State Corporations in Kenya Kenneth Odour Adongo1 Ambrose Jagongo PhD, MKIM2 Abstract The importance of financial stability in enabling an organization to function efficiently and maximize the potential for service delivery cannot be underestimated. The quest for better service delivery under new public management in public organizations in Kenya necessitates the need for public organizations to have proper financial standing in order to run operations and motivate workers through better remuneration as well as improved working conditions. Critique of literature on factors affecting financial performance reveal that gaps remain on the influence of budgetary control on financial performance of public institutions. This study sought to investigate the relationship between budgetary controls and financial performance of state corporations in Kenya. The study sought to determine the salient features of budgetary controls in state corporations, establish the human factors within budgetary controls, establish the process of budgetary control in public organizations, and determine the challenges affecting budgetary control. A descriptive survey design was used to gather data from the state corporation’s managers of the sampled state corporations. 14 corporations were selected from the 138 to participate in the study. Purposive sampling was used to select 42 corporate services manager, finance manager and budget officer from each corporation to participate in the study. A questionnaire,...
Words: 10747 - Pages: 43
