Technology & Innovation: The Great COVID-19 Innovation Challenge

Technology & Innovation: The Great COVID-19 Innovation Challenge

The COVID-19 pandemic has impacted how we live, learn and work, with populations in most countries under a form of stay at home order, creating unemployment, especially to a majority in Kenya who depend on daily wages from trade and other entrepreneur activities. While the pandemic is already creating untold suffering, Kenya has the unique opportunity to turn the economic tide, if personal safety measures are enhanced and its young population incentivized towards harnessing technology and innovation. It is universally acknowledged that COVID19 has fundamentally changed the world where technologically enhanced modes of living, learning and working environment will be the new normal, where digitization will become a priority, especially […]

Is Corruption in Nairobi Grease or Sand on the Wheels of Economic Development in Kenya

Is Corruption in Nairobi Grease or Sand on the Wheels of Economic Development in Kenya

Corruption remains a strong constraint on growth and development whilst others argue that corruption can be grease to the wheels and that it helps overcome cumbersome bureaucratic constraints, inefficient provision of public services, and rigid laws especially when countries’ institutions are weak and function poorly. In places where bureaucracies and organizations are inefficient, corruption is said to improve efficiency and growth. Bribes can act like a piece rate or price discrimination and give faster or better service to the firms with highest opportunity cost of waiting. However, has this worked positively for African Countries? More so Kenya, where a quick review of Kenyan daily newspapers confirms that corruption is an […]