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Effect Of Prepaid Meters On Revenue Collection At Kenya Power And Lighting Company
No full textKPLC initiated prepaid meters‟system in order to eradicate the challenges in the post-paid system of billing, which included incompetent electricity usage monitoring, incorrect and estimated electricity meter readings, unsuccessful collection of revenue and unproductive consumption of energy.The reason of the study was to establish the effect of prepaid electricity meters on revenue collection at the Kenya Power and lighting company. The objectives of the research study were; to determine the effect of prepaid meters‟ collection costs, prepaid meters‟ reliability and prepaid meters‟ flexibility on the revenue collection at KPLC. Descriptive research design was adopted and the target population was 240 KPLC employees working in seven sub regions in Kiambu County. The sample size was 140 respondents selected using stratified sampling technique. The researcher used descriptive statistics. SPSS was used to assist in data analysis.Regression model was used to determine the relationship between dependent and independent variables. The researcher established through inferential statistics that dependent variables were useful predictors of revenue collection at KPLC. The researcher recommends that KPLC should convert more prepaid meters which are reliable and with enhanced billing accuracy to improve on revenue collection. The analyzed data was presented using pie charts and frequency tables
Effect Of Credit Risk Management Framework On Financial Performance Of Deposit Taking Savings And Credit Cooperatives In Kenya
No full textThe type of business undertaken by SACCOs is so delicate due to the fact that 85 percent of their liabilities are deposits derived from the contribution of the member. Through deposit mobilization, members are able to acquire advances from the SACCO, which for the majority of SACCOs is the primary income-generating activity. This method of credit creation makes the SACCOs vulnerable which may lead to financial distress including insolvency. The Framework for credit risk management enables SACCOs to reduce their credit risk exposure by allowing them to compete in the marketplace with other reputable commercial entities such as banks. Therefore, it’s important to investigate the roles played by credit risk management framework in improving stakeholder value and financial position of SACCOs. The purpose of this study is to evaluate how the financial performance of SACCOs taking deposits in Kenya is affected by credit risk management. This research concentrated on parameters affecting the performance of SACCOs such as credit risk assessment, credit risk monitoring, and recovery processes. This research was guided by the following theories; theory of agency, stakeholder’s theory and the resource-based theory. The study targeted SACCO credit managers in the 166 registered deposit-taking SACCOs in Kenya. The study used a descriptive research design. Census was used where all units were engaged in collecting data. The research used primary collected using questionnaires. Field data were categorized and structured in accordance with study goals and analyzed using the Social Science Statistical Package (SPSS version 2.1). To show the association between the factors, the regression model was used. The research findings revealed a positive relationship linking credit risk appraisal, credit risk monitoring and credit recovery which were the independent variables to financial performance of deposit-taking SACCOs in Kenya. The study determined that 73.8% of SACCOs' financial performance was explained by credit risk management parameters. From the findings and conclusion, the researcher recommends that deposit-taking SACCOs should enhance credit management frameworks such as credit risk monitoring and credit risk appraisal to enhance financial performance. In addition, different types of financial institutions such as microfinance and banks can be used for further research to ascertain whether the current results will change. Other areas that can be investigated are other types of risks such as market risk, interest risk, and liquidity risk and there influence on financial performance
Effect Of Organizational Culture On Knowledge Management Of Non-governmental Organizations In Nairobi
No full textThe most strategic resource of a firm is the Knowledge of its people. The degree of performing well greatly relies on the manner in which the people in the organization can generate new knowledge, share knowledge within the organisation, and apply the knowledge to enhance performance. The purpose of this research was to examine the effect of organizational culture on knowledge management of nongovernmental organizations in Nairobi. The specific study objectives were to examine the effect of shared values on knowledge management of non-governmental organizations in Nairobi; to find out the effect of Organizational structure on knowledge management of NGOs in Nairobi; to establish the effect of leadership styles on knowledge management for NGOs and to examine the effect of control systems on knowledge management for non-governmental organizations in Nairobi. The study used a descriptive research design. The target population entailed 84 NGOs in Nairobi County. A questionnaire was employed in data collection from the NGOs. Inferences were drawn using correlation analysis, ANOVA and Multiple regression modelling techniques. Data was cleaned and coded, pretested after which it was analysed using SPSS version 25. Results show that shared values provide guidance for organizational decision making and also provide a kind of ethical compass for organizational action. To strengthen organizational structure, non-governmental organizations in Nairobi had adopted various styles such as transactional, transformational and charismatic leadership styles. Nearly all the NGOs adopted preventive measures such as monitoring and evaluation measures and risk analyses. The study concludes that shared values, strong leadership styles, strong control systems and strong organizational structure have positive significant influence on knowledge management by non-governmental organizations in Kenya. Moving forward management of NGOs must come up with new policies and operating procedures that shape the organisational culture towards the desired direction again. NGO leaders should continually develop their own style of leadership based on factors like experience and personality, as well as the unique needs of their organisation and its organizational culture. NGO need to have strong controlling systems in place, this will facilitate coordination among the departments and employees and consequently provide unity of direction. The NGOs control systems should allow executives to track how well the organization is performing, identify areas of concern, and then take action to address the concerns
Challenges Facing Micro Finance Institutions In Providing Access To Housing Finance To The Urban Poor In Nairobi County
No full textHousing finance is a major platform through which credit facilities for housing can be accessed by low income households. Housing micro finance institutions aim at providing financial access to the low income earners for purposes of land acquisition, house renovation or building new homes. The study examined the factors affecting micro finance institutions (MFIs) in providing access to housing finance to the urban poor in Nairobi County. To do so, the study sampled a list of 15 MFIs selected from a list of 59 as per the Association of Microfinance Institutions in Kenya (AMFI-K), with the last MFI being used for conducting a pilot test. The study undertook four objectives: establishing the various institutional legal and regulatory and the extent to which they influence the access to housing finance products by the urban poor, examining how interest rates affect the access to housing facilities, evaluating how the level of households‟ income affects access to housing finance products and establishing how land ownership in the urban areas influences the capacity of the urban poor to access housing finance. The study used a descriptive survey design. This research relied purely on primary data which was collected using a structured questionnaire. A multiple regression analysis was conducted to check if there is a significant relationship between the three independent factors; interest rates, income levels and land ownership against the dependent variable access to housing finance to the urban poor. The study findings show that while access to financing especially meant for house ownership by the urban poor is critical for the nation‟s development, there exists hurdles which if, well maneuvered will greatly enhance access to funding and thus an increased ownership of decent housing for all. The study therefore recommended the formulation of policies that promote the HMFIs capacity to provide housing finance and that of the urban poor to access credit facilities, the reviewing of the extant regulatory frameworks to shrink the long process undergone by the urban poor in an effort to access housing finance and a downward review of the current interest rates to lessen the burden carried by the urban poo
Effect Of Corporate Governance Practices On Financial Performance Of Government Managed Micro Finance Institutions In Nairobi Cosmopolitan, Kenya
No full textThis paper discussed the effect of corporate governance practices on financial performance of Government managed MFIs (MFI) in Kenya. The main focus of the study dwelt around three MFIs that is Uwezo fund, Women enterprise fund and Youth enterprise fund. The general objective of the study was to determine the effect of corporate governance practice on financial performance of Government managed MFIs in Kenya. Good governance practices in terms of accountability, managerial responsibility, companies’ governance problem, weak Board of Directors (BODs) and protecting minority shareholders and investor were proposed as key elements in the literature in relation to MFIs performance. Sound corporate governance practices is increasingly becoming more important because for the demand for accountability and transparency of funds utilized in MF activities. The study targeted all government managed MFIs in Nairobi Cosmopolitan. The research used a descriptive cross-sectional survey. Questionnaire were used as a research instrument which encompassed both open and closed ended questions in order to collect primary data. The research data collected was edited then coded categorized and keyed into Statistical Package for Social Sciences (SPSS) for the final data analysis. Descriptive analysis together with frequencies, mean and percentages was applied in profiling the respondents. Regression analysis was used to establish the relationship between the independent and dependent variables. The study drew conclusions on the MFIs corporative governance practices in terms of governance structure, independent BOD and board composition had a positive and significant influence on financial performance. The study recommends that for MFIs to realize better financial performance, policy makers must pay attention to the MFIs governance structure
Influence of Employee Competencies Management on Employee Performance in Public Universities in Kenya
No full textGlobalization, the proliferations of technology, workforce diversity, and the knowledge society have sparked a
wave of learning, training and workplace education in organizations from all sectors. Descriptive research design
was applied to examine the influence of employee competencies on employee performance in public universities
in Kenya. Descriptive and inferential statistics analyzed the data. It was found that there was positive and
significant influence of employee competencies management on employee performance in public universities in
Kenya
Factors Affecting Project Performance In Selected State Departments In Kenya
No full textFor long-term development projects to flourish and attain required outcomes, different project management methods need to be adopted that are known to lead to optimum project performance. Optimal project performance is a major challenge and most development programmes are implemented with huge budget that leads to difficulties in achieving profitability. The study sought to establish the factors affecting projects performance in selected state departments in the public sector, in Kenya. The study was guided by the following specific objectives: To establish the effect of stakeholder participation on projects performance in selected state departments in the public sector, in Kenya; To assess the effect of staff competency on projects performance in selected state departments in the public sector; To examine the effect of automation of processes on projects performance in selected state departments in the public sector, in Kenya and to find out the effect of project planning on projects performance in selected state departments in the public sector, in Kenya. The study adopted a descriptive research design. The target population of the study comprised of 43 project managers, project coordinators, project ground supervisors and operating staffs from 43 state departments in Kenya. The sample size of the study was determined using Yamane (1967) formulae which shall be equal to 207 respondents. Stratified random sampling technique was used to select respondents. The study collected primary data using questionnaires. The analysis of the collected data was done using mean, standard deviation and regression analysis. The findings were presented using Tables and Figures. The study established that an increase in stakeholders’ participation would significantly reduce project performance, staff competency has a positive and significant effect on project performance, automation process has no significant effect on projects performance, automation, Project Planning, and stakeholder involvement and staff competence of processes has effects on parameters of performance. The study concluded that that an increase in stakeholders’ participation would significantly reduce project performance, staff competency has a positive and significant effect on project performance, automation process has no significant effect on projects performance, automation, Project Planning, and stakeholder involvement and staff competence of processes has effects on parameters of performance. The study recommended that proper procedures and policies should be formulated to control their involvement on project implementation and every state department should also involve stakeholders’ right from the foundation of the project. Qualified staff should be employed, this can be done by setting up recruitment rules and regulation and ensuring that the employees get constant training on the latest development of the project and technology that is used to increase effectiveness of the employees performance
Effect Of Asset Allocation Strategies On Financial Performance Of Insurance Companies In Kenya
No full textAsset allocation is an important aspect in financial planning and if ignored it can prove fatal to an investment portfolio. Asset allocation strategies tend to balance returns and risks in an organization by making adjustments in the mix between cash, equities and bonds. In the insurance industry, the process of asset allocation is complicated given that the core business of insurers is settlement of claims to policyholders and yet at the same time, maximization of investment returns is crucial as investment income acts as a buffer from underwriting losses characteristic of the industry. Therefore, this study sought to determine the relationship between asset allocation and financial performance. A descriptive research design was used for the study. The study‟s target population was all 165 heads of finance, investment and risk departments in the 55 insurance companies in Kenya. Stratified random sampling technique was used to select 50% of the target population. The study‟s sample therefore was 83 respondents. The research primary data was collected by use of semi-structured questionnaires. Both quantitative and qualitative data was generated from the collected questionnaires. Thematic analysis was used to analyze the quantitative data and the result communicated in prose form. Analysis of quantitative data was based on descriptive and inferential statistics through the help of statistical package known as STATA 12. Descriptive statistics included percentages, frequencies, mean and standard deviation. The results were provided in terms of figures and tables. Inferential statistics entails regression and correlation analysis. The study also used correlation analysis and multiple regression analysis to determine the relationship existing between the independent variables and dependent variable. The study found that integrated asset allocation strategy positively influences the Kenyan insurance companies‟ financial performance. The study also found that strategic asset allocation strategy has a positive influence on financial performance of Kenyan insurance companies. Further, the study established that tactical asset allocation strategy influences financial performance of insurance companies in Kenya. The study further revealed that dynamic asset allocation strategy influences financial performance of insurance companies. According to the findings, there was a positive relationship between integrated asset allocation strategy and financial performance (r=0.6492, p=0.000). The results indicated a positive relationship between strategic asset allocation strategy and performance (r=0.6574, p-0.000). In addition, there was a positive association between tactical asset allocation strategy and financial performance (r=0.6455, p=0.000). Further, there was a positive relationship between dynamic asset allocation strategy and financial performance (r=0.5602, r-0.000). The F-calculated (26.82) was greater than the F-critical (2.46), which showed that the model can be used in predicting the influence of the independent variables on the dependent variable. This study recommends that insurance companies should only use integrated asset allocation strategy when they have enough resources. In addition, insurance companies should only use strategic allocation strategy in the achievement of long-term goals. Tactical asset allocation strategy should be used in achieving the short-term goals is an organization. It should be avoided in volatile markets as changes in the allocation of assets can under perform the averages of the market
Effect Of Asset Restructuring On Financial Performance Of Tier Three Commercial Banks In Kenya
No full textThe study objective aimed at establishing the effect of asset restructuring on tier three commercial banks in Kenya financial performance. Generally, when asset restructuring is employed by the firm‟s management then it should have some effects on the profitability of banks. Therefore, a study was conducted on the tier three commercial banks in Kenya, which is the registered under Central Bank Act and which was in operation during this research period from 2010 to 2019. The ratios that make the variables under consideration on non-performing assets, written off assets, restructured loans and asset assets management level was computed from the data collected and extracted from CBK reports and the respective banks annual financial statements. The data collected from the secondary sources was then cleaned, coded, and analyzed using statistical package for social science. The theories guided the study include gambler‟s ruin theory, free cash flow of cash management theory and the resource-based credit risk modeling theory. The study found out that non-performing loans have a negative and statistically significant effect on the financial performance of tier three commercial banks in Kenya, found that non-performing assets had a statistically positive significant effect on the profitability of tier three commercial banks. The study established that written off assets had a positive and statistically insignificant effect on the profitability of tier three commercial banks in Kenya. The study concluded that financial performance in tier three commercial banks is most likely to be caused by non-performing loans as a variable in asset restructuring. The study recommends that the tier three commercial banks should review their loan criteria and procedures to reduce the cases of default. Additionally, the written off assets criteria needs to examined if the tier three commercial banks are to attain financial stability. The study had a secondary data limitation which was obtained from the supervisory report by the CBK and individual banks audited financial statements. Further, the study recommends that the government should review the liquidity requirements of banks as the liquidity does not help in generating income. The finding of this study will offer insight to fiscally Kenyan distressed banks on the asset restructuring effect in order to enhance the profitability of their financial institutions with an opinion to ensure sustainability in a competitive financial market while meeting their social objective
Travel Time Prediction Model For Nairobi City: An Application Of Machine Learning Algorithms
No full textMost studies done on mobility for Nairobi have sought to identify the causes of time variability in travel for the city but have not quantified the effect nor used them as the foundation of building prediction models. This research paper examines the application of machine learning algorithms in developing models that can predict travel times for Nairobi city based on historical taxi trip data made publicly available by Uber. A total of four datasets for the year 2018 covering weekday hourly travel data were used in developing the prediction models. three machine learning algorithms were used comprising of two ensemble learning methods and one normal standalone algorithms. The ensemble models were found to perform better prediction than the normal standalone model in terms of root mean squared error