The African Lions: Kenya country case study

Kimenyi, Mwangi S.; Mwega, Francis; Ndung’u, Njuguna

doi:10.35188/unu-wider/2015/023-2

Cited by 20 publications

(19 citation statements)

References 5 publications

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“…Capital flight has negative impact on economic growth, macroeconomic stability, income distribution and welfare and undermines the effectiveness of poverty reduction policies (Moulemvo, 2016;Nkurunziza, 2012Nkurunziza, , 2015. Fighting capital flight is therefore an important driver of development for poor countries like Kenya whose GDP growth rate has been deteriorating since the 1970s (Kimenyi, Mwega and Ndung'u, 2016). According to Letete (2015) Kenya has faced high corruption levels for the past four decades of the post-independence.…”

Section: Introductionmentioning

confidence: 99%

Relationship between corruption and capital flight in Kenya: 1998-2018

Mwangi¹,

Njuguna²,

Achoki³

2019

IJRBS

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The study established the relationship between corruption and capital flight in Kenya over the period 1998 to 2018. Quarterly time series data for calculation of capital flight and for GDP growth rate and exchange rates were collected from the Central Bank of Kenya and Kenya National Bureau of Statistics. Corruption perception index data was collected from the Transparency International website. Two Autoregressive Distributed-lagged models were fitted. Regression coefficients for corruption were -0.114 and 0.066 in the short run and -0.501 in the long run and the p values were 0.523 and 0.691 and 0.558 respectively, indicating no significant relationship. Regression results showed a coefficient of 0.01 and 0.003 for the Gross Domestic Product growth rate in the short run, and 0.049 in the long run. The p values were 0.670, 0.855 and 0.578 respectively denoting no significant relationship. Regression results showed a coefficient of 0.002 and 0.003 for the exchange rate in the short run, 0.43 for the exchange rate in the long run. The p values were 0.891 and 0.584 and 0.095 respectively indicating that a one % increase in the exchange rate would lead to a 0.043 % increase in capital flight in the long run. Regression results of lagged capital flight on capital flight showed a coefficient of 0.904. The p-value was 0.000 meaning that a one % increase in lagged capital flight would lead to a 0.904 % increase in capital flight. The study recommended that the government devises policies that would prevent further capital flight and generate capital flight reversal.

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Section: Introductionmentioning

confidence: 99%

Relationship between corruption and capital flight in Kenya: 1998-2018

Mwangi¹,

Njuguna²,

Achoki³

2019

IJRBS

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“…The GDP achieved by Kenya ever since the SDGs started in 2015 is below the target set by the World Bank, which is to have a GDP of 7% per year (Kimenyi et al, 2015). What obtains however is declining GDP growth rate.…”

Section: Kenya and The Sdgsmentioning

confidence: 91%

“…Kenya is classified as a lower-middle-income country (Odhiambo, 2008). It became independent on 12 December 1963 after being colonized by the British (Kimenyi, Mwega, & Njuguna, 2015). In the 1980s, the Bretton Woods institutions (World Bank and International Monetary Fund) came to assist developmental efforts of the Kenyan's government.…”

Section: Kenya and The Sdgsmentioning

confidence: 99%

“…In 2005, the GDP rose to 5.9%; in 2006 and 2007, it grew to 6.4% (The Kenya Institute for Public Policy Research and Analysis, ). Although the GDP growth seems to have been much lower (growing at approximately 5%) in the past years (Jerejian, ), the country is considered as the economic and transport hub of the East Africa subregion (Kimenyi et al, ). The discovery of oil in Kenya further reinforces hope about the possibility of raising the country's economic prospect.…”

Section: Kenya and The Sdgsmentioning

confidence: 99%

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So far so good? Tracking the poverty eradication goal of SDGs in Kenya, Nigeria, and South Africa

Mubecua

David

2019

Journal of Public Affairs

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This paper tracks the progress of the Sustainable Development Goals in selected countries in sub‐Saharan Africa, namely, Kenya, Nigeria, and South Africa. The study assesses economic indices such as GDP growth, employment, and poverty rate of each country to understand the present performance of these countries and the feasibility of it attaining the first goal of the Sustainable Development Goals. Considering the current economic outlook and trajectory of these countries, eradicating poverty in 2030 is highly unlikely, unless drastic measures are taken. GDP growth in Kenya is currently low, whereas the poverty and the unemployment rate are very high. Nigeria still battles with economic recovery following the recession since 2016 and a soaring poverty level. Equally, South Africa is saddled with the problem of rising poverty, unemployment, and corruption. The study recommends that cooperation between government, civil society, and the private sector needs to be drastically improved and promptly to meet the poverty eradication goal by 2030.

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“…Also, Kenya is ranked 78 th in the world and third in the Sub-Saharan region after South Africa and Mauritius. Additionally, in East Africa region the sector is the largest with a total asset base of 4.27 trillion, total loans of 2.49 trillion and deposit base of 3.16 trillion (Kimenyi, Mwega, & Ndung'u, 2015).…”

Section: Literature Review the Kenyan Contextmentioning

confidence: 99%

Board Leadership, Chief Executive Officer Optimism and Firm Innovation

Tuwey

Ngeno

2019

SJOM

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Purpose - Following the resource dependence and optimism theory, the study explored whether Chief Executive Officer (CEO) optimism moderates the link between board leadership and firm innovation in the financial sector. Design/Methodology - 130 financial institutions in Kenya were surveyed using cross-sectional and explanatory designs. Hypothesis testing utilized both moderated hierarchical regression models and mod-graphs. Findings - The results revealed that the board member’s openness and independence positively influence firm innovation. The moderated hierarchical regression results and figures in the mod-graphs reveal that CEO optimism enhances the association between the board member’s openness, independence, and firm innovation. Practical Implications - The results suggested that for financial institutions to be innovative, board members should be open to each other in terms of the private ideas as well as being independent about decisions made to spur the growth of the firms. Additionally, such boards should appoint CEOs who are optimistic about being innovative.

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The African Lions: Kenya country case study

Cited by 20 publications

References 5 publications

Relationship between corruption and capital flight in Kenya: 1998-2018

Relationship between corruption and capital flight in Kenya: 1998-2018

So far so good? Tracking the poverty eradication goal of SDGs in Kenya, Nigeria, and South Africa

Board Leadership, Chief Executive Officer Optimism and Firm Innovation

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