Abstract This work evaluates the trends in the parallel market exchange rate premium, its determination and impact on the foreign exchange market in Nigeria. It examines the impact of existing demand and supply gaps in the overall foreign exchange market on the determination of the parallel market premium. It further examines the impact of the parallel market exchange rate premium on the determination of the official exchange rate and the parallel market rates. The study uses the stock-flow m...
ABSTRACT Effectiveness of monetary policy in stimulating economic growth This study investigates the effectiveness of monetary policy in stimulating economy growth in Nigeria using AK production Function and Vector Autoregressive (VAR) model. The empirical evidence depicts that economic growth in Nigeria is influenced by money supply, electric power consumption, gross fixed capital formation and trade openness. This shows that monetary policy is effective in maintaining economic growth on the...
ABSTRACT Financial performance of County governments in Kenya has been rated to be below average, as is evidenced in the 2017/2018 Auditor General’s report, on County governments’ performance. Available information attests to the fact that Audit practices are an inherent function of the operations of all government activities. Audit provides unbiased, objective assessments of responsible and effective public resources management in an effort to achieve intended results, through accountabi...
ABSTRACT Globally, e-procurement has gained popularity especially with the advent of technology. In United States of America for instance, rapid development of e-procurement was reported in early 2000 just before the recession. By the end of the year 2000, it was reported that all state functions were maintaining web presence in at least some stage of their procurement processes with some participating in online bidding. In Kenya, organizations are adopting e-procurement. County governments a...
ABSTRACT Education contributes to economic growth, enhanced productivity, national and social development, and social equity hence governments and households heavily invest in all forms of education. Despite the heavy expenditure on education by the governments and households, little attention has been given to the unit cost of education of each student and its effect on academic performance. Schools in Vihiga Sub-County charge extra levies besides Ministry of Education(MOE) recommended fee g...
ABSTRACT Public and the private sectors finance Kenyan healthcare system. The public and private sectors contribute34% and 40% of the total health expenditure respectively and the donor contribution is 26%. The total health spending is 6.8% instead of the 15% of the total government expenditure, as per the Abuja agreement to which Kenya is a signatory. The infant mortality rates (IMR) in Kenya is still high, 39 per 1000 live births. While policy and strategy formulation forums pushes for incr...
ABSTRACT Empirical studies shows that distribution logistics impact tremendously on performance of an entire organization as it links the organization to the customers. Kibos sugar company report in 2016 revealed that there was a performance drop from 56% in 2014 to 47% in 2015 and this was attributed to distribution logistics. Therefore this study established factors affecting performance of distribution logistics among production firms in Kenya: a case of Kibos Sugar Company limited and all...
ABSTRACT The study seeks to investigate the causal linkage between financial development and economic growth of 14 Southern African countries over the period 2006-2015. The study utilises static and dynamic panel regression models with private sector credit ratio and broad money ratio as financial development indicators. Mixed findings are found in this study depending on the method used. There is, however, convincing evidence of causality running from financial development to economic growth...
ABSTRACT Strategy Implementation is the process of institutionalization and operationalization of strategies put in place by an organization to achieve its set objectives. Organizational performance is therefore the output or result realized by an organization as a result of implementation of strategies an organization has in place and can be measured against its set objectives or goals. The objective of this study was to determine the relationship between strategy implementation and performa...
ABSTRACT Distributor SMEs provide employment, jobs and support economies. They represent the interest of exporters in their specified territories for agreed range of products. However, a 2016 survey indicated that in 2015 and 2016, distributor SMEs had anticipated growth of 58% and 70% respectively. Yet, 11% was the reported growth totally in line with the plans in 2015. Further, a 2013 report by the ministry of industry and commerce in Kericho County indicated that the distributor SMEs in th...
ABSTRACT The commencement of WAMZ initially scheduled for 2003, was postponed to 2005 and finally for the third time to 2009, due to the tendency of the adopted macroeconomic convergence criteria to lead to indeterminacy. This has become a burning issue, given the persistence of widespread divergence and the weak prospect for mining desired macroeconomic convergence with the current independent national fiscal and monetary policy pursuits of the participating countries. This study therefore c...
ABSTRACT This study examined the extent to which macroeconomic policy shocks had contributed to exchange rate volatility in Nigeria from 1986 to 2009. Specifically, it established the degree and severity of exchange rate volatility in Nigeria and then examined the impact of macroeconomic policy shocks on real exchange rate volatility in Nigeria during the sample period. Furthermore, the study determined the differential effects of both internal and external macroeconomic policy shocks on the...
ABSTRACT Despite the tax reforms that have been implemented in Zimbabwe over the years, tax revenue collections have failed to reach sustainable levels that promote growth, development, improve standards of living and most importantly ease the persistent budget deficit problem. One of the major potential threats to tax revenue performance is the shadow economy; it plays a significant role in deteriorating the tax base and this often diminishes tax potential. This motivated an analysis on the ...
ABSTRACT The Nigerian banking industry has witnessed major changes in the number of participating banks during the period 2000-2012, as it moved from pre-consolidation regime to government-induced and, lately, to market-led consolidation period, with no clear indication of impact on concentration, competition and profitability. This study empirically examines, if changes in structure, proxied by bank concentration and measured by the HerfindahlHirshman Index (HHI), have effect on the degree ...
ABSTRACT In an ardent attempt to put their natural resources into better use, developed and developing countries have given a very high priority to the planning and development of high-level manpower wince the end of World War II. The university, being the capetone of any country's educational system and the main supplier of graduates and allied high-level manpower, undoubtedly assumes a strategic position in any serious endeavour to develop highly skilled personnel. Consequently in Nigeria, ...