NIC Bank which has been recognized for corporate governance awards for financial reporting has now added a new level of director performance by publishing a scorecard of directors attendance of board and committee meetings during the year.
Director attendance is an important measure of their performance, and contribution to the company. They should also be measured by how many other boards they sit and their other executive commitments to determine if they add value to the company.
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20:17
Movements, Mates, Meandering Minds and Mangled Missals
» My part of the world....... In typical African fashion there are still many people who believe that a woman's shining glory should be to whelp out a bunch of brats. But it is good to know that as shown in this article, there are some women who have chosen to go against the grain. Now if you know you are part of the Childfree Movement, do give me a call and we can go out there and build our empire as we enjoy life!
I was talking to my big sister yesterday. She was telling me about how she feels it is important to have someone with you to be your team mate in the game of life, to weather the storms, to rise to the challenges and all that clap trap! Why do I call it clap trap? I agree that it is good to have a mate, but it isn't everything and life isn't unlivable without someone by your side. I think that is because for a long part of my life I was the one who had to be the "man of the house" and over time I got used to doing things by myself or with the help of a few reliable friends (my generals lol). So I got used to bearing alot of the brunts of failure and the joys of success on my own. But that life isn't for everyone, so I can't always knock those who need someone by their side. In spite of this, I think more women should realize that you don't need a special person to go through life, what happens if he never comes? Set up the appropriate support systems in your life, keep on living and forget all that soul mate crap is my piece of advice to all out there!
This week I have been doing some training classes and it is excruciating to say the least! For the last 3 days, I have had to sit in a small class of 12 and be taught for 8 hours with intermittent breaks. The trainer is pretty interesting but not captivating, and unlike high school; there is no-one for me to use for cover so I can sleep (this is a post for some other time). I can't wait till we start computer work because these classes bore me to tears (literally!), I yawned so much that the last time I yawned, so many tears rolled down my cheeks making it look like I had really been moved by the material we were covering in that session. God give me strength to survive the next 2 weeks!
I got this clip from C&D, this dude killed this song! Full marks for trying though!
Prince Phillip Quote of the Day
After accepting a gift off a Kenyan civilian he replied "You are a woman aren't you?"
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15:17 A Modern Indian’s Struggle With Arranged Marriage
» Kenyanentrepreneur.com This Indian writer has a very funny and informative piece on her parents desire to see her married and she chronicles her difficulties with this age old tradition that is now confronting her. The writer is a Jain, a sect of Hinduism that adhere to a strict vegetarian diet. However, as she says….”My father excludes “non-veg” [...]
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15:02
Business Plan Competition in Kenya
» Kenyan Pundit For you budding entrepreneurs, click here to apply. Deadline is 31 May 2007. Hat tip Swamp Cottage!
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13:30
Metabolix Set For Commercialization
» For Love and Money 
It looks like Metabolix is close to commercialization than I had previously thought. On Earth Day they moved one step closer to achieving profitability by solemnizing their alliance with Archer Daniel Midlands. The union has resulted in a newly established venture, Telles™, named for the Roman goddess of the Earth. Telles™ will produce Mirel™ Natural Plastics, a family of high performance natural plastics that are biobased, sustainable and completely biodegradable.
If everything goes as planned, the commercial scale plant in Clinton, Iowa, is expected to start up in 2008 and will produce Mirel™ at an annual rate of 110 million pounds.
Befittingly, MBLX has risen 40% on 10 times the average volume in the last 3 days since the announcement was made.
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11:27
Mbuzi shipped tomorrow in Nairobi?
» RIBA CAPITAL I don't know if anyone else has reviewed the performance of Mamamikes.com but here is a back dated link I got when browsing idly.
Here is another review by tumbuktu chronicles.
These guys are making inroads in the way we transfer money form abroad.
But another innovation that's surely going to blow all the likes of western union and other money transfer businesses is M-Pesa, yes, this uniquely and somewhat 'peculiar' Kenyan initiative is already making head ways in the local money transfer business and is most likely to venture to cross border.
Considering the amounts Kenyans in diaspora are sending back home, I can confidently say safaricom will stay connected for some good returns.
Competition in this segment will mainly be Equity Bank and other banks who are launching online platforms for money transfer since these are the only ones who are likely to bring costs much lower than the traditional money gram or western union's. The major advantage Safaicom will be leveraging is the fact mobile telephony roll out and infrastructure is penetrating the Kenyan grassroots faster than access to Internet and computers. Therefore if these guys play their cards right I will be heavily inclined to add that in my list of reasons why I must own safaricom shares.
Celtel though, is not to be left behind and they have hooked up with Krep bank and have introduced a counter product on the same idea though in this case you need an account at Krep bank, thus ruling out business form overseas at the moment.
I hold Safaricom as the most likely dominant player here since they have a more fundamentally stronger product and also have a wide reach in terms of clients on their network (about 6 Million) now and are partnering with CitiBank.
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9:42
Hyping up the Law
» Kenya Imagine The Commissioner of the Kenya Police, taking a break from a campaign to bring peace to our streets has made it an offence to be disrespectful towards the President.The Commissioner's statement was targeted at our politicians, who even the deafest Kenyan must concede comprise people who would do us a national favour by forever holding their peace. This spirit of national reticence however must best extend to Vigilance House for if the Commissioner knows anything, he should know that his was the sort of empty talk that is best suited for politicians, not for civil servants of office as high as his.
Amir Ibrahim on the Kenya Police, "Even greater is the danger that the Kenya Police are portrayed as being anti-politicians, or pro-government. It is this more than anything that the Police Commissioner should worry about."
Read the rest here.
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7:42
Cultural Innovation
» Kenyanentrepreneur.com I just came across an interesting article in the New York Times that discusses this issue of cultural innovation — where it comes from and how it manifests itself. Here are a list of stereotypes that the author highlights (I prefer to call them truism’s because I think that they are largely true). The Chinese [...]
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Why I Will Not Vote for Kibaki
» Kenya Imagine 
Later this year, the President will for one of the few times in his tenure as head of state consider the instruction of our constitution. He will dissolve parliament and call an election. In response, under the fierce December sun, Kenyans will go into a frenzied dance and infused with a sense of mission, political debate in the country will take on an even higher pitch as rival camps debate how best to steer this 'great' nation into the First World. The ritual and the circus surrounding it will be brought to a flourish in the marking of small pieces of paper in an arcane ritual that lends us an illusory sense of empowerment. Later still we will be treated to a flourish of a finish with the announcement of a winner, who if opinion polls are anything to go by, should be Emilio Mwai Kibaki.
Stephen Wanyama, " To give an incumbent credit for reforms and improvements he was only completing or for the outcomes of policies that precede him is perhaps the practice throughout the world of voting nations. In our particular case, it is also incredibly irresponsible, for it forgives and blesses the lackadaisical manner in which the country has been run since 2002."
Will you vote for Kibaki? Join the debate here.
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5:04
Neveready for Mara
» bankelele This is a brief story about why there are no pictures to post from a trip to the latest wonder of the world - the Masai Mara
We were scheduled to leave very early one morning. So the night before, I went to the ATM withdraw some cash to buy some batteries for a digital camera. However, the ATM was acting up (no cash on Sunday night) and so I went to Uchumi with whatever cash I had left in my pocket. I didn't have enough for any of the alkaline batteries (about 230 shillings for 4 AA) and so I settled for some "super heavy duty" Eveready batteries.
Early in the trip, I started taking some pictures of road construction work around Narok area, but soon the low battery prompt began to blink at the corner. I ignored it, as the batteries were new, and continued on taking pictures.
At the gate of the Mara, that garden full of almost every significant animal found on the continent - the camera conked out. The last picture the camera I was able to take was of a group of Masai ladies dancing and trying to sell some beads to a minivan of tourists. So much for the super heavy duty batteries, which only lasted for about a dozen pictures.
Great Mara: Driving through the Mara (no game drives or searching for animals), we were able to see buffalo, zebra, giraffe, waterbuck, baboons, monitor lizard or crocodile (dived into the bush near river as soon as we approached), wildebeest, gazelle, warthog, and ostrich. The only ‘kill’ I saw was a secretary bird stomp a green snake and swallow it in about 3 seconds.
Also encountered, separately walking along the road was a hyena and a jackal, whose odd location could probably be attributed to tourists who had (illegally) thrown scraps of food at them. In addition, outside the park (which is not fenced), there were considerable herds of gazelle, wildebeest and zebra grazing close to herds of cattle watch over by Masai lads. There are no photos of these animals as I was neveready for the Mara.
Tourist economy/inflation: Back to the dead batteries. One peeve of domestic tourists is the inflated price of every day goods sold at (and around) hotels and resorts. The batteries I couldn’t buy at Uchumi for 230/= were being sold at a kiosk outside the park for 500 shillings and at 700/= at the hotel shop. Eventually I had to relent and buy them for 550/= at another shop we stopped at. These 100% mark-ups on the price of everyday items like toothpaste, slippers and batteries are a nuisance and should be cut down as the hotels/vendors don’t add any value to them.
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