Browsing by Author "Atandi, Fred Gichana"

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Challenges of agent banking experiences in Kenya
(International Journal of Academic Research in Business and Social Sciences, 2013-08-22) Atandi, Fred Gichana
More than ever before there is a global concern to entrench financial deepening access to previously ignored areas due to some areas considered economically unviable where majority of the MSEs operate their businesses. There is an increasing need to promote technological and institutional innovation as a means to expand financial system access and usage, including addressing infrastructure weaknesses and empowering business enterprises by developing financial literacy and financial capability programs to bring all people on board and all to participate in economic development of a country, perhaps agent banking will offer a solution to slow pace of individuals enterprise development especially from the rural areas. The uptake of agent banking in Kenya has not been well appreciated by the target beneficiaries who include among others the micro and small enterprises in the rural areas in Kenya who were expected to benefit from this technologically innovative service. In as much as it has been witnessed that there is an increase in penetration of agent banking services clients have not fully made use of the available agents at their localities to cut down on transaction costs occasioned by travelling to traditional branches and also time wasted on queuing for services. It can also be noted that, the banks have not fully taken advantage of agent banking to explore all market segments at a low operating costs. The researcher also identified some of the factors hindering the well functioning of agent banking despite mounting financial literacy training to Equity bank clients. Lack of mobile network services and float, lack of capital, issues of insecurity and fear of robbery. The paper is based on a study conducted to reveal the challenges which are hindering the rural people of Kenya from benefiting from agent banking.
Effect of Credit on Micro and small Enterprises Performance in Kitale Town
(International Journal of Academic Research in Business and Social Sciences, 2013-09-22) Atandi, Fred Gichana; Wabwoba, Timothy Barasa
The MSEs contribution to the growth of the national economy continue to assume increasing significance especially in job creation . These enterprises are created to fulfill the primary needs of man and are formed under conditions of risk and considerable uncertainty .This sector is encumbered by many problems chief among them being financing. A number of organizations have stepped in to finance their operations and solve this problem and promote their business performance. Its in light of this that this study was carried out with the objective of conducting a study to determine the effect of credit available to MSEs on business performance in Kitale town. More specifically this research sought to establish the effect of credit on kinds of assets acquired , market share served , stock levels held in the business and number of employees added in business.. On the effect of credit available to MSEs on business performance by considering value of assets acquired on accessing credit, it was found that credit available to MSEs does not necessarily lead to addition of assets. The effect of credit available to MSEs on expanding market share, it indicated that credit availability does not guarantee a bigger market share. The effect of credit available to MSEs on business performance by considering stock levels held it revealed that little money was allocated to purchasing of additional stock. On establishing the effect of credit available to MSEs by considering additional number of employees it was found that MSEs do not necessarily lead to good performance.
Effect of Mobile Phone Transfer Services on Performance of Micro and Small Enterprises: A Case of Trans-Nzoia County, Kenya
(International Journal of Academic Research in Business and Social Sciences, 2014-11-22) Makee, Kirigano B.; Muturi, Willy; Atandi, Fred Gichana
Over the last few years, small and micro enterprise owners have innovatively responded to changing market dynamics by adopting innovations in their firms aimed at maximizing on their returns as they minimize costs. Mobile-phone banking, Mobile payments commonly known as “Lipa na M-pesa” and Agent banking for instance are common aspects of these firms. However, the effect this adoption has had on their performance has remained unclear. This is what this study sought to find out. The study sought to analyze the effect of mobile phone transfer applications on performance trends of micro and small enterprises. The sampling frame constituted all micro and small enterprises found in the hair-dressing, carpentry and clothmaking industries in Kitale town. They were estimated at 500 according to county government revenue data. Simple random sampling was used. A list of all the 500 enterprises was compiled; the researcher then made use of random number tables to generate the sample. This was best achieved by the researcher blindly picking a number in the table of random numbers, and then progressed in a random way considering numbers 001 to 500; until a sample of 110 was achieved. A questionnaire was prepared using 1 to 5 point likert scale; with 5 as strongly agree to 1 strongly disagree. The survey was carried out between July 10th and August 5th 2014 in Kitale town. Of the micro and small enterprises surveyed,68 admitted to using the innovations, 30 did not use any of the innovations while 12 did not fill the questionnaire. Mobile phone applications were the mostly used with 46 (65.7%) of those surveyed admitting that they use them in their business, 2 (2. 9%) of those surveyed said they use Agent banking while 3 (3.1%) applied M-banking; 9(12.9%) applied all the three innovations mentioned. A sizeable group 10 (14.3%) said they used other innovations not listed for instance internet applications to get the latest fashion trends. The respondent expressed their views with 5 (strongly agree) to 1 (strongly disagree). Completed questionnaire was then collected for coding and analysis. Descriptive and statistical analysis was carried out from which the researcher was able to compute the Pearson product moment correlation (r) to establish relationship. The study revealed that there is indeed an effect of the mobile phone transfer services innovations on enterprise performance .Of the 66.3% of enterprises surveyed ,did indicate that when innovations are used they help bring more customers leading to more business income, 69.4% indicated that the innovations save time and money while 59.2% observed that the innovations contributed to their profits and that the more they invested in them the more the profits. Based on the findings, the study recommends a tax waiver on all mobile phones and related paraphernalia to enable majority apply them even in enterprises. Entrepreneurship policies on the other hand should be well researched before implementation to guarantee sustainability.
Exploring the Effect of Entrepreneurial Savings Incentives as Determinant of Savings Mobilization among Micro and Small Enterprises
(International Journal of Academic Research in Business and Social Sciences, 2017-02-12) Atandi, Fred Gichana; Bwisa, Henry; Sakwa, Maurice
The outcome of research conducted on financial institutions across the world have indicated mixed findings on the effect of savings incentives in increasing savings mobilization among MSEs. Despite that other study findings have shown that savings incentives initiatives from financial institutions have encouraged consumers of financial products and services to increase savings mobilization, financial institutions offering automatic bank savings incentive programs report positive results. However, for any savings initiative to create an impact on the expected beneficiaries, savings incentives ought to meet the unique needs of their diverse consumers for them to be motivated to save even more with their respective financial institutions . The target population for this study was members registered with Kenya National Chamber of Commerce and Industry Trans Nzoia county and therefore were conducting business within the county. The design used for the study was mixed method The study used stratified sampling to categorize MSEs into three strata’s namely service manufacturing and commerce or trade and then random sampling was used to get the actual target population to be used in the study . To test the reliability and validity of research instruments pilot study was conducted and all the research instruments met the threshold of cronbach alpha of 0.70. The study also conducted correlation analysis among the financial literacy factors which were found to be significant to be used in the study. The major findings of the study indicated that there was a significant relationship between gender of entrepreneurs and savings incentives which determined the amounts of savings mobilized and therefore financial institutions to meet their customer’s expectations according to their genders. It was also found that significant relationship between number of family dependents which determined the amount of savings mobilized. There was also found to be a significant relationship between gender of entrepreneurs and the amount of money they mobilized with their financial institutions which depended on saving and withdrawal charges incurred when transacting. It was therefore concluded that financial institutions savings incentives do not necessarily entice customers to save with them but rather focus perhaps more on relationship enhancement to offer differentiated customer experiences to their respective clients. The study recommends that savings mobilizations institutions whether formal or informal should in collaboration with their clients (MSEs) work on viable savings incentives which will eventually benefit both of them because there are various savings incentives and when implemented outcomes are diverse. Therefore the expected beneficiary of the incentive ought to be involved in designing an incentive program for themselves without adversely affecting the gains anticipated from both parties. The study further recommends that financial institutions to design products and services which takes into consideration gender, level of education and the number of dependents in the entrepreneurs household which influences the decision to mobilize savings with financial institutions .
Forensic Audit Practices and Financial Accountability of Technical and Vocational Education and Training Institutes in Kenya
(International Journal of Research and Innovation in Social Science, 2025-03-22) Katana, Cosmus Karisa; Atandi, Fred Gichana
Forensic audit practices play a crucial role in fostering transparency and accountability in government institutions, particularly within the education sector. This paper investigated the relationship between Forensic audit practices and financial accountability in Technical Education and Vocational Training (TVET) institutes in Kenya. Two theories anchored this study which included fraud triangle theory and institutional theory. The target population comprised of 2287 principals where the sample size was arrived by using Yamane formula. This study relied on primary data and secondary data. The primary data was collected through structured questionnaires where 340 questionnaires were distributed through stratified random sampling out of which 327 questionnaires were returned and analysed. The study found out that adherence to forensic auditing practices significantly improves financial accountability in TVET institutions, as measured by transparent financial reporting, effective resource utilization, and reduced misuse of funds. The study recommends that TVET institutions should ensure that internal audit functions operate independently, free from management influence, with unrestricted access to financial records to improve fraud detection and accountability.
Improving Savings Mobilization of Micro and Small Enterprises through Entrepreneurial Financial Literacy
(International Journal of Academic Research in Business and Social Sciences, 2017-04-22) Atandi, Fred Gichana; Bwisa, Henry; Sakwa, Maurice
Study findings from past studies and experts have indicated that financial literacy has enabled MSEs make informed financial decisions on savings mobilization in their respective financial institutions based on knowledge and skills attained during financial literacy trainings which has gone a long way in enhancing their entrepreneurial growth. The financially literate entrepreneurs is more likely to trust financial institutions because they well comprehend the financial products and services provided by these institutions. To better study this subject matter the researcher employed mixed research design to conduct the study among 339MSEs who are registered with KNCCI Trans Nzoia county. The study used stratified sampling was used to categorize MSEs into three strata’s namely service manufacturing and commerce or trade and then random sampling was used to get the actual target population to be used in the study. Also pilot study was conducted to test the instruments reliability and validity which met the threshold of 0.70. The study also conducted correlation analysis among the financial literacy factors which were found to be significant to be used in the study. The major findings indicated that financial literacy trainings makes entrepreneurs confident to make savings decisions independently after acquiring knowledge and skills in preparing and adhering to savings plan, setting savings goals, financial budgeting and change of attitude on money management behaviors. The study concludes that financial institutions to develop gender based financial literacy training manual and enhance the capacities of trainers to deliver financial literacy training using a gender perspective and to increase on gender dimension of work. Also it concluded that financial literacy training should be provided before entrepreneurs engage in financial contracts such as in schools to offer basic financial literacy to help students/youths to navigate an increasingly complex financial environment as they grow. The study recommends that formal financial institutions to reach out to the informal financial service providers who are still controlling a large clientele of MSE’s and facilitate a financial literacy training program without marketing their respective financial products and services to eliminate any suspicion amongst the potential savings mobilizes through provision of adequate financial information to empower them make informed choices related to financial matters in general.
Influence of Dividend Payout Rate on Financial Performance of Selected Listed Companies
(International Journal of Current Science Research and Review, 2024-06-22) Oundo, Philip Ojiambo; Atandi, Fred Gichana; Singoro, Brian
The purpose of this study was to investigate the effect of dividend payout on financial performance of selected companies listed on the NSE, Kenya. The study was guided by the following specific objectives: Establish the effect of dividend payout rate on financial performance, determine the effect of dividend per share on financial performance, examine the effect of dividend yield on financial performance and determine the moderating effect of company size on financial performance of selected companies listed on Nairobi Securities Exchange. The study used longitudinal research design targeting 57 companies listed on NSE as at 31st December 2020. Purposive sampling technique was used on the target population, whereby 18 least performing companies as at 31st December 2020 were selected. A total of 90 observations were included in the dataset. Secondary data was collected mainly from NSE Handbook 2020-2021 and annual reports of the companies over five years from 2016 to 2020. The analysis involved both descriptive and inferential statistics. An empirical estimation was then carried out involving testing for stationarity of the variables, cointegration and estimating the cointegrating relation. It was expected that the output of this study provided a basis for Board of Directors and managers of companies in Kenya, Investors, Government agencies and regulatory bodies to make an informed decision and develop policies for investments. The study came with findings, made conclusions and appropriate recommendations. Based on the findings, the study concluded that dividend payout rate led to an increase in ROA of selected companies listed on Nairobi’s Securities Exchange. Therefore, dividend payout rate had a positive and significant effect on financial performance of selected companies listed on Nairobi’s Securities Exchange. When companies enhance dividend payout, there is a likelihood of improved financial performance of selected companies listed on NSE, Kenya. The study recommended that companies listed at NSE should ensure that the dividend payout rate is aligned with the company's long-term strategic objectives. For instance, a mature, stable company may prioritize regular dividends to reward shareholders, while a growth-oriented company may reinvest profits for expansion. Furthermore, the study recommends that the government should support companies by ensuring that there are sound decision practices on dividend payout policy for the sustainability of companies. This study should be used by academicians to understand how well management allocates profits between reinvestment and shareholders returns. Dividend payout rate can be used to tell a company’s financial health and examine key financial metrices. Suggestions for further studies to be carried out in the entire East Africa Region to assess the establishment of companies in Kenya, Uganda, Tanzania, Burundi, and Rwanda, and then compare the results of those listed companies in the region. Also, more studies should be carried out in the future to investigate the effect that dividend policy contain on the expansion of the economy.
Influence of Entrepreneurial Customer Experience on Savings Mobilization among Micro and Small Enterprises
(International Journal of Academic Research in Business and Social Sciences, 2016-04-22) Atandi, Fred Gichana; Bwisa, Henry M.; Sakwa, Maurice
The study results from various researchers have highlighted mixed findings on the influence of customer experience on savings mobilization among MSEs who mobilize their financial resources in diverse financial institutions at their respective financial institutions, whereas it has generally been argued that satisfying customer experience greatly influences customers repurchase intentions, dissatisfaction has been viewed as the primary reason for customer’s intention to switch to competitors. The current research used mixed research design to conduct the study among 339MSEs who are registered with KNCCI Trans Nzoia county. Stratified sampling was used to categorize MSEs into three strata’s; service manufacturing and commerce or trade, then random sampling used to select the study sample. Pilot study was conducted to test the research instruments reliability and validity and were found to meet the threshold 0.70.The study conducted correlation among customer experience factors which were found to be significant . The main findings of this study showed that customer experience influences savings mobilization among the MSE’s. The financial institutions clients want to feel recognized and valued by the employees of the financial institution when seeking products and services from them. The entrepreneurs expect high quality saving products and services meeting their unique needs, they also need to receive feedback and updates on time from their financial institutions whenever they make enquiries at their respective financial institutions. The competency of the employees in explaining to their clients the features of savings products and services influences savings mobilization as a variety of financial products and services are consumed from the same financial institution. The study also found that bio data’s such as gender, level of education and number of dependents positively affects customer experience which influences savings mobilization among MSEs. The study findings imply that MSEs expect good customer experience from their financial institutions when mobilizing their savings . This research study recommends that for customer experience to affect savings mobilization, conscious efforts should be made by savings mobilization institutions to consider specific social economic conditions and major dominant economic activities in business environment of MSEs, so as to offer them effective and efficient products, services and facilities suiting their peculiarity without compromising on industry policies and procedures rather than using standardized products ,services and facilities which may cause discomfort to certain economically active entrepreneurs. Also the study further recommends that financial institutions to design products and services which takes into consideration gender, level of education and the number of dependents in the entrepreneurs household which influences the decision to mobilize savings with financial institutions
Influence of Entreprenurial Working Environment on Employee Productivity Among Small and Medium Enterprises
(International Journal of Management & Entrepreneurship Research, 2021-02-22) Atandi, Fred Gichana
The purpose of the study was to determine the influence of entrepreneurial working environment on employee productivity among small and medium enterprises in Kitale town, Kenya. The specific objectives of the study were to; examine entrepreneurial working environment, establish employee productivity and to find out the relationship between entrepreneurial working environment and employee productivity among small and medium enterprises in Kitale town. The study used both descriptive, cross-sectional and correlation research designs. A total of 14 SME hotels with a total of 92 regular employees were sampled to participate in the study. The sampling method used was census since the population was small. The research instruments reliability test had a cronbatch’s alpha value of 0.884 which was above the threshold. The results indicated that SMEs hotels have not embraced entrepreneurial working environments in their work places which will allow employees to be motivated to exploit their potential and improve on productivity. The study results also showed that employee productivity is low implying that they may not be achieving their set targets which affects performance of SMEs hotels. The study results also revealed that there was a significant relationship between entrepreneurial working environment and employee productivity. The study recommendations were; the SMEs hotels are facing stiff competition from world class hotels, to remain relevant and in productive operations, they should embrace creation of entrepreneurial environment where their employees will feel motivated and valued. The SMEs hotels should consider recruiting entrepreneurial human resources who will easily utilize their unique skills and talents to benefit the enterprises they work with and the county government of Trans Nzoia and national government should draft a policy to provide incentives to SMEs hotels while operating in uncertain business environments.
Influence of Repayment Period on Choice of Loan Packages by Sacco Members in Kakamega Central Sub County, Kenya
(International Journal of Latest Technology in Engineering, Management & Applied Science, 2025-02-22) Wanzetse, Everlyn Aluoch; Atandi, Fred Gichana
This study examined the influence of repayment period on loan package choices among SACCO members in Kakamega Central Sub-County, Kenya, addressing the challenge where members struggle to access loans despite substantial deposits due to repayment constraints. The objective was to determine how repayment period influences loan package selection, guided by Agency Theory which explains the relationship between SACCO management and members in setting loan terms. Using a descriptive survey design, data was collected from 374 respondents selected from a population of 9,758 SACCO members through structured questionnaires out of which 346 questionnaires were filled and returned. Regression analysis revealed that repayment period significantly influences loan package choice (R²=0.232, β=0.482, p=0.004), explaining 23.2% of variation in selection. The study concluded that members favor loan packages with repayment terms aligned to their income patterns and loan purposes, with 44.5% preferring development loans offering 36-48 month terms. Key recommendations include implementing flexible repayment options, aligning periods with member income patterns, and considering loan purpose when setting terms.
Influence of Strategic Partnerships on Service Delivery of Public Water Service Providers in Kenya
(Journal of Business and Strategic Management, 2025-04-22) Wamalwa, Martin Richard; Atandi, Fred Gichana; Owino, Moses
Purpose: This study examined how strategic partnerships affect the service delivery of public water providers in Kenya, aiming to improve access to safe, reliable, and affordable water. Methodology: The study employed a mixed-methods research design, integrating both quantitative and qualitative approaches. The quantitative phase involved a survey of 184 personnel from 46 randomly selected public water providers, with data analyzed through regression analysis to examine relationships between variables such as strategic partnership, resource distribution, diversification, and innovativeness. Following this, qualitative data were collected via semi-structured interviews with key stakeholders to provide in-depth contextual insights. The target population consisted of 88 public water service providers, with a sample size determined using the Krejcie and Morgan formula to ensure representativeness. Findings: The data analysis revealed a significant positive influence of strategic partnerships on service delivery outcomes. The regression analysis (F = 94.509, p = 0.000) demonstrated that strategic collaborations are crucial in improving service quality, reliability, and efficiency among public water providers in Kenya. These findings highlight the importance of fostering strategic alliances to address infrastructural, operational, and financial challenges faced by the sector. Unique Contributions to Theory, Policy, and Practice: Theoretically, this study extends the Resource-Based View (RBV) framework by applying it to the public utility sector, emphasizing strategic partnerships as valuable resources that enhance organizational performance. Policy-wise, the findings support the need for an enabling regulatory environment that encourages collaboration, innovation, and digital transformation within the water sector. Public water providers should strengthen partnerships to enhance service delivery, financial sustainability, and access to safe, affordable water in Kenya
Navigating Economic Transformations: Accounting for Paradigm Shifts in Post Covid-19 in Listed Companies in NSE, Kenya
(International Journal of Latest Technology in Engineering, Management & Applied Science, 2024-04-22) Nyongesa, Lydia Nanjala; Atandi, Fred Gichana
The COVID-19 pandemic fundamentally reshaped the global economic landscape, forcing businesses to adapt to unprecedented challenges. This study examines the paradigm shifts witnessed among companies listed on the Nairobi Securities Exchange (NSE) in Kenya. By drawing on reputable sources like the Capital Markets Authority (CMA) and Kenya Institute for Public Policy Research and Analysis (KIPPRA), the research explores the prevalence of digital transformation initiatives, the adoption of remote work policies, the assessment of financial resilience strategies employed by these companies and the adaptive strategies for resilience and growth. The findings reveal a significant push towards digitalization, with 76% of NSE-listed companies actively pursuing digital transformation initiatives. The shift to remote work was also widespread, with 68% of firms implementing formal remote work policies. However, challenges such as skill gaps, cybersecurity risks, and maintaining productivity in remote settings were identified. The analysis of financial resilience highlights the varying impact on different sectors, with some experiencing declines in revenue, profitability, and liquidity ratios. The study concludes by emphasizing the need for further research into sector-specific transformations and the long-term effects of the pandemic on NSE-listed companies
Risk Management Practices and Financial Performance of Licenced Microfinance institutions in Kenya
(International Journal of Latest Technology in Engineering, Management & Applied Science, 2025-03-22) Atandi, Fred Gichana; Peter, George Mukanzi
The aim of this study was to investigate the influence of credit risk management practices on financial performance of MFIs in Kenya. The target population was 136 senior and middle level management staff of 14 registered MFIs in Kenya; from where Yamame’s sampling formula was applied to get a sample size of 126 respondents who were selected using simple random sampling. Data was collected using structured questionnaires and computed using SPSS; where descriptive and inferential statistics were generated. A total of 112 out of 126 respondents completely filled online questionnaires depicting a response rate of 88.9% which is good for generalizability of research findings to a wider population. The study concluded that credit risk management practices significantly influence the financial performance of Microfinance in Kenya. The study recommended that managers of MFIs Organizations should provide regular training for credit officers and financial managers to improve their competency in identifying, assessing, and mitigating credit risks.
Role of Entrepreneur’s Competence on Growth of Small and Medium Enterprises
(International Journal of Management & Entrepreneurship Research, 2021-02-22) Atandi, Fred Gichana
The study endeavored to determine the role of entrepreneur’s competence on growth of small and medium enterprises. The specific objectives of the study were to; establish entrepreneur’s competence small and medium enterprises in Bungoma County, examine the growth of small and medium enterprises in Bungoma county and to determine the relationship between entrepreneur’s competence and growth of small and medium enterprises. The study used a combination of descriptive, cross-sectional and correlation research designs and data was gathered using a self-administered questionnaire on 201 SMEs. Data was analyzed using descriptive and inferential statistics. The resource-based theory was used to guide this research. The study findings indicated that the grand mean for entrepreneur’s competence was low with a mean of 2.23 with a SD of 0.50. The implications of the findings is that SMEs operators in Bungoma county lack the prerequisite entrepreneurial skills and knowledge affecting their growth save for resource mobilization. It was also found that the grand mean for growth of SMEs was low with a mean of 1.96 and SD of 0.58. The implication of the findings was that SMEs were performing dismally affecting their graduation/transition to the next higher level. The study results also found that there was a significant relationship between entrepreneur’s competence and growth of SMEs with p. value 0.000. The study concluded that SMEs should embrace relevant competence skills to enable them operated growth oriented enterprises which can graduate to higher levels thereby contributing to improved social and economic life of the operators and the nation at large. The study recommended that owner managers of SMEs to attend trainings on resource mobilization and innovation so as to acquire adequate resource mobilization and innovation skills and differentiate themselves in the market place to grow their enterprises. The study further recommended that government to put in place entrepreneurship policy to nurture business startups through mentorship, motivation and attitude change as they walk through entrepreneurship journey.
Strategic Partnerships and Organizational Performance of Broadcasters in Kenya
(International Journal of Social Science Research and Review, 2023-09-22) Wangila, Brian Mukhongo; Atandi, Fred Gichana; Okonda, Michael Washika
The performance of broadcasters has struggled with the economic implications of the digital disruption, the mobile telephony and the advent of social media compelling managers to rethink and recalibrate their strategies while radio and television stations have shut down their operations in the recent times in Kenya. The overall objective of the study was to determine the influence of strategic partnerships on the organizational performance of broadcasters in Kenya. The study was underpinned by the Igor Ansoff’s theory and resource based view theory. A correlation and descriptive research design was adopted. The target population comprised of 239 radio and TV station mangers drawn from 167 radio and 72 television stations. Simple random sampling was applied. The sample size of the study was 179 respondents. Results revealed a strong significant relationship between strategic partnerships and operational performance (r=0.667; P<0.000). Study concludes: strategic partnership has got a significant influence on organizational performance.
Technological Innovation as entrepreneurial Determinant affecting Savings Mobilization among Micro and Small Enterprises in Kenya
(International Journal of Academic Research in Business and Social Sciences, 2016-03-22) Atandi, Fred Gichana; Bwisa, Henry M.; Sakwa, Maurice
The research study aimed at finding the effect of technological innovation on savings mobilization among MSEs in Trans Nzoia county Kenya. Studies from developed world have indicated that the use of technological innovations in savings mobilization improves performance of MSEs leading to better savings mobilized, also, MSEs with superior technological resource will have a competitive advantage leading to entrepreneurial growth of their MSEs and also enhances the efficiency of an enterprise and builds the confidence of entrepreneurs in discharging their responsibilities. The research used mixed research design to conduct the study among 339MSEs who are registered with KNCCI Trans Nzoia county. Stratified sampling was used to categorize MSEs into three strata’s namely service manufacturing and commerce or trade. Pilot study tested the instruments reliability and validity which met the threshold 0.70. Correlation among the technological innovation factors was found to be significant. The major findings of the study indicated technological innovation influences introduction of variety of new product and services offering to customers, drastically reduces the cost of savings mobilization and makes financial products and services appealing/attractive. The study concluded that financial institutions to consistently innovate new technologies of delivering their products and services The study also concludes that gender, level of education and number of dependants positively affects technological innovations which influences savings mobilization among MSEs. The study recommends that prior to the financial institutions introduction of technological innovations, they should create functional infrastructures to operate effectively.
Transformative Technologies and Innovation in Climate Change Mitigation and Sustainable Environmental Stewardship. A Systematic Literature Review
(International Journal of Latest Technology in Engineering, Management & Applied Science, 2024-02-22) Wakasala, Brian; Atandi, Fred Gichana
This systematic literature review bears the objective of exploring the transformative potential of transformative technologies and innovations in climate change mitigation and environmental stewardship. The study provides an overview of the current research trends, practical implications, and implementation of transformative technology and innovation between 2018 and 2024. The methodology entailed a comprehensive search of scholarly databases resulting in the selection and analysis of the relevant studies. The findings reveal that transformative technology and innovations in mitigating climate change play a significant role in ensuring environmental stewardship and sustainability as they lower greenhouse gas emissions, reduce pollution levels, and ensure a strategic balance between profit, people, and environmental consideration in relation to natural resources exploitation. Additionally, it provides for a discussion on the benefits as well as challenges associated with the adoption of transformative technology and innovation to mitigate climate change such as cost implications. The review concludes with recommendations for future research and practical implications for the regulators and industry players.
Tuition Fees Account Receivables Challenges and Management Strategies in Public Institutions of Higher Learning: A Case Study of Malawi School of Government
(International Journal of Latest Technology in Engineering, Management & Applied Science, 2025-03-22) Siame, Christine; Atandi, Fred Gichana
Institutions of Higher Learning, including the Malawi School of Government, rely heavily on tuition fees for operational sustainability. Efficient accounts receivable management is crucial for timely collection of these fees and maintaining financial stability. This paper explores the importance of efficient tuition fee management, examines the challenges faced by Institutions of Higher Learning in managing tuition fee accounts receivable, and proposes strategies for improvement. Findings reveal that Institutions of Higher Learning face challenges such as delayed payments, default, inadequate record-keeping, administrative complexity, high transaction volumes, lack of proactive communication, credit risk, disputes and deductions, cash flow forecasting challenges, inefficient processes, and limited use of technology. This paper recommends implementing strategies such as flexible payment plans, automated billing and payment systems, proactive follow-up mechanisms, enhanced communication with students, and improved record-keeping to enhance tuition receivables management at MSG. By implementing these strategies, MSG can enhance its financial stability and sustainability, improve operational efficiency and provide seamless student experience