Thesis submitted in fulfilment of the requirements for the degree of Master of Management in Finance and Investment (MMFI) in the Faculty of Commerce, Law and Management Wits Business school at the University of Witwatersrand, 2016 / This thesis studied the effects of terrorist attacks on Kenya‟s financial markets between January 2004 and December 2014. The study uses an augmented asset-pricing model similar to that in Eldor and Menelik (2004). The model includes terrorist attack dummies representing location of the attack, the type of attack, the intended target, number of people injured and number of people killed. Data on the terrorist attacks and share index values and foreign exchange rates variables are used to estimate the model. The results show that attacks carried out using explosives had a positive impact on share prices on the NSE. On the flipside, attacks that were carried out on facilities/infrastructure or on religious figures/institutions as well as those carried out using incendiaries had a negative impact on the NSE. An increase in the number of people injured also led to a greater negative impact on the NSE. As regards the forex market, attacks carried out using firearms and incendiaries led to a depreciation of the local currency. Transport attacks on the other hand led to an appreciation. Similarly, the greater the number of people injured led to a greater appreciation of the KES / GR2018

This study considers the labor organization of a group of northern Kenyan pastoralists. Since 1960, the Samburu have experienced substantial cattle loss and land circumscription and the work focuses both on herding and non-herding labor responses to a changing regional economy. The viability of Samburu pastoralism rests on specific labor forms which permit intensified production and economic diversification. / Based on twenty-four months of fieldwork, primarily during the 1983-84 drought, the study emphasizes the interplay between the social and technical organization of labor. Social institutions of descent and age guide natural resource and delineate work roles, while encouraging the varied forms of cooperation which greatly extend the family workforce. The diversity of technical strategies, which are strongly shaped by cultural preferences, contrasts with the paucity of production materials. / Several key findings have applicability to a range of pastoral locales, particularly proof of the positive relationship between labor input and animal output and of the higher efficiency of labor in larger versus smaller-scale herding units only under stable production conditions. Further, the quantitative material on dry season versus drought labor use as well as evidence for differential livestock survival rates represent unique accounts in themselves. / Beyond insights into pastoralism, however, the analysis is structured so as to contribute to several important issues in small-scale rural production. The accounts of the interconnection of technology and social forms and of the integration of "on-farm" and "off-farm" enterprise have implications for defining the scope of any labor investigation. The discussions of the terms "labor" and "technology" pose wider questions of the content of such basic concepts. Finally, the methodological discourse on labor measurement should assist those similarly trying to distinguish between "use" and "demand" in predominantly noncapitalist societies.

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In 1993, Kenya liberalised its trade policy and allowed the Kenyan Shillings to freely float. This openness has left Kenya's domestic prices vulnerable to the effects of exchange rate fluctuations. One of the objectives of the Central Bank of Kenya is to maintain inflation levels at sustainable levels. Thus it has become necessary to determine the influence that exchange rate changes have on domestic prices given that one of the major determinants of inflation is exchange rate movements. For this reason, this thesis examines the magnitude and speed of exchange rate pass-through (ERPT) to domestic prices in Kenya. In addition, it takes into account the direction and size of changes in the exchange rates to determine whether the exchange rate fluctuations are symmetric or asymmetric. The thesis uses quarterly data ranging from 1993:Ql - 2008:Q4 as it takes into account the period when the process of liberalization occurred. The empirical estimation was done in two stages. The first stage was estimated using the Johansen (1991) and (1995) co integration techniques and a vector error correction model (VECM). The second stage entailed estimating the impulse response and variance decomposition functions as well as conducting block exogeneity Wald tests. In determining the asymmetric aspect of the analysis, the study followed Pollard and Coughlin (2004) and Webber (2000) frameworks in analysing asymmetry with respect to appreciation and depreciation and large and small changes in the exchange rate to import prices. The results obtained showed that ERPT to Kenya is incomplete but relatively low at about 36 percent in the long run. In terms of asymmetry, the results showed that ERPT is found to be higher in periods of appreciation than depreciation. This is in support of market share and binding quantity constraints theory. In relation to size changes, the results show that size changes have no significant impact on ERPT in Kenya.

Thesis (MBA (Business Management))--University of Stellenbosch, 2005. / ENGLISH ABSTRACT: Kenya has historically depended on its coffee industry as a major contributor to foreign exchange earnings and farm incomes. Between 1975 and 1986, coffee was Kenya's leading foreign exchange earner, contributing over 40 percent of total foreign exchange earnings. But since 1988, the Kenya coffee industry has undergone a rapid decline, characterised by very low export earnings, a huge decrease in production and productivity and consequently, increased poverty amongst coffee farmers. By 2000, it contributed only 10 percent of total foreign exchange earnings. This decline has arisen due to the global coffee crisis, in other words, the persisting large imbalance between supply (production) and demand (consumption), that has led to a major collapse in world coffee prices. Given the fact that the coffee crisis is expected to persist for several years to come, this study attempts to formulate coffee industry proposals that would lead to the optimisation of Kenya's coffee potential, as well as increased international competitiveness. Towards this end, it evaluates the intricate supply and demand patterns in the world coffee market to try to identify where the opportunities lie. It is found that even though the overall demand for coffee is growing slowly, there is an emerging niche or specialty coffee market that has arisen owing to new consumption patterns and increased awareness and preference by consumers of premium coffee origins. This niche market offers a route to rising standards of living to farmers, such as those in Kenya, who grow premium quality coffees. It is recommended that Kenya should pursue intense value addition of her coffee to enable her capture a bigger portion of her export sales. Similarly, Kenya will need to alter her production and marketing strategy to feed the emerging niche market instead of the mainstream market, as is currently the case. Furthermore, it is suggested Kenya should strive to increase domestic consumption, which is currently negligible. Other proposals that will support increased competitiveness of Kenya's coffee industry include reducing the cost of coffee production and improving the efficiency and performance of producer organisations. / AFRIKAANSE OPSOMMING: Kenia is baie afhanklik van hul koffie-industrie aangesien dit 'n wesenlike bydrae tot die land se buitelandse valuta en binnelandse boerdery-inkomste lewer. Tussen 1975 en 1986 het koffie die meeste buitelandse valuta vir Kenia gegenereer. Hierdie prestasie kon egter nie volgehou word nie en sedert 1988 het Kenia se koffie-industrie agteruit geboer. Hierdie tydperk is gekenmerk deur verlaagde uitvoerverdienstes, en afnames in produksie en produktiwiteit wat grootskaalse armoede onder koffieboere teweeg gebring het. In 2000 het koffie-uitvoere slegs 10 persent van Kenia se buitelandse verdienstes bygedra. Hierdie negatiewe tendens is veroorsaak deur die globale koffiekrisis, oftewel die wanbalans tussen vraag (verbruik) en aanbod (produksie), wat internasionale koffiepryse tot baie lae vlakke gedryf het. Aangesien dit blyk asof die globale koffiekrisis vir nog 'n hele paar jaar sal aanhou, gaan hierdie navorsingsprojek poog om voorstelle vir Kenia se koffie-industrie te formuleer. Die voorstelle is gemik op die optimalisering van Kenia S8 koffie-industrie en om die land in staat te stel om internasionaal te kompeteer. Die navorsing evalueer ook die heersende intrinsieke patrone van vraag en aanbod in die wereld koffiemark en probeer om geleenthede te identifiseer. Dit is byvoorbeeld bevind dat alhoewel die totale vraag na koffie wereldwyd stadig toeneem, daar ontluikende nismarkte vir spesiale koffies onstaan het as gevolg van nuwe verbruikspatrone, asook 'n toenemende bewustheid van top gehalte koffie. Dit is veral verbruiksvoorkeure vir topgehalte koffie van 'n spesifieke gebied van oorsprong wat baie relevant is vir Kenia en dit is juis hierdie nismarkte wat 'n guide geleentheid bied aan Kenia se topgehalte koffieboere. Dit word dus aanbeveel dat Kenia op waardetoevoeging tot hul bestaande koffiebronne fokus, wat groter buitelandse valuta teweeg kan bring. Kenia sal egter hul produksie- en bemarkingstrategiee dienooreenkomstig moet aanpas om die fokus van die hoofstroom koffiemark na die ontluikende nismarkte te skuil. 'n Verdere voorstel is dat Kenia sy plaaslike koffie-verbruik vergroot en stimuleer aangesien dit tans baie laag is. Ander voorstelle wat Kenia se mededigingsvermoe in die koffiemark kan verbeter, sluit in inisiatiewe om produksiekostes te verlaag, asook om die effektiwiteit en prestasie van produsente-organisasies ta verbeter.

This paper examines the Harambee Movement and how it affected Kenya's economic development. Before 1963 Kenya was a British colony and economic development favored the colonial government. At Independence the new government tried to restructure the economy for the Kenyan people. Recognizing the lack of adequate capital and a rural development program, the movement became a means by which people could provide services for themselves. These services included schools, technical training, water supply and health facilities. Sources of data were books, articles, government publications and papers published by the Institute of Development Studies, Nairobi University. The Harambee Movement flourished in the provision of educational opportunities, clean water supply and health facilities. Problems included planning, coordinating and duplication of services.

Primary sources were provided by the Kenyan Embassy to the U.S.A., Kenya tourist offices in the U.S.A. and West Germany, the Economics Department at the University of Nairobi, the Ministry of Finance in Kenya, the Institute of South Africa, and the United Nations. The first chapter provides a brief explanation of the historical and economic development Kenya has experienced since independence. Chapter II deals with the historical development of Kenya's economy. Chapter III discusses the major countries' donation of aid to Kenya. Chapter IV focuses upon aid from international organizations. Chapter V develops Kenya's efforts to use foreign aid efficiently. Chapter VI looks into Kenya's prospects for development through foreign aid. Chapter VII is the conclusion.

In the context of growing poverty and sedentarization, the socio-economic status of pastoral women is an important indicator of how pastoralists in northern Kenya respond to social change. Accordingly, this study examines women's position in three communities in distinct settings of sedentarization. One is located in a semi-arid region dedicated to pastoralism and conservation, while the other two are in a moister mountain area where rain-fed and irrigation agriculture is combined with animal production. Analyses of quantitative and qualitative data, gathered from women and men during 2002--2003, indicate that women have largely responded to social change by using two strategies to secure the well-being of themselves and their children. First, despite the cultural assumption that married women are supported by their husbands, they have strengthened their relationships with natal kin, solidifying a support network to carry them through times of difficulty. Secondly, given decline in returns from subsistence pastoralism, women have seized numerous opportunities to diversify their economic pursuits in order to generate steady income. / Essentially, findings illustrate that, in addition to gaining access to various resources through their marital homes and their own efforts, the majority of women receive socio-economic support from their natal kin, especially brothers. In two communities where land is being privatized, most women have been excluded from the land registration process because of traditional and national policies. However, many fathers are awarding their daughters permanent usufruct rights to family land to ensure they do not become landless because of the death of a spouse or negligence on the part of husbands. Although this does not eliminate the discrimination many women face from being excluded from the registration process, it is a move towards the betterment of women's long-term food and financial security. / Besides contributing to domestic activities, women engage in very different forms of income-generating activities; in Archer's Post, they obtain earnings from craft sales or tourist-related services, in Parkishon/Karare they gain income from milk-marketing, while in Songa, women pursue cultivation for subsistence and market sale. It is a positive finding that most women generate steady income over which they have managed to maintain control.

A thesis submitted in fulfilment of the requirements for the degree for the Degree of Doctor of Philosophy University of Witwatersrand, South Africa Wits School of Governance, 2017 / This research addresses three questions: how Internally Displaced Persons (IDPs) following the post-election violence of 2007/2008 in Kenya are recreating their community resilience capacities; how the Kenyan government and non-state interventions are influencing the victims’ livelihood strategies towards their reconstruction and recovery process and how social support and social capital has accelerated their reconstruction and recovery process. It proposes a post-conflict reconstruction and recovery approach based on the research findings. The research adopted Qualitative research methodology and primary data were collected from the month of January, 2015 continuously and concurrently with data analysis. The key findings were that ownership of land is perceived and identified as a milestone in the process of post-conflict reconstruction and recovery, an avenue for community resilience. The main means of livelihood for IDPs are casual labour and other menial jobs. The Kenyan government has made an effort towards resettlement of IDPs although this is ad hoc and ineffective due to lack of experience and a specific framework for any major resettlement. NGOs abandoned the reconstruction and recovery projects as soon as the humanitarian crisis ended. But the United Nations Development Programme (UNDP) had reconstruction and recovery projects which ended in 2011. In displacement, IDPs lost their original support system, but developed new emergent norms to support each other. Integration of IDPs is a better option in the reconstruction and recovery process compared to the government farm resettlement approach. The key recommendations are that government should evaluate the economic loss of every integrated IDP and those resettled in government procured farms should be provided with legal ownership documents. There should be an urgent re-profiling of IDPs in camps and use of UN Guiding Principles on IDPs to re-integrate them into society. The findings of this research bring to light new knowledge on the theory of social capital: victims of displacement develop new emergent norms, values and culture to support each other, which eventually creates a new society/community. Key Words: Post-conflict reconstruction and recovery; integrated IDPs; government resettled IDPs; camp-based IDPs; social capital: social support; livelihood strategies. / E.R. 2019

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