There may be something wrong at Kenya Airways (KA) investors are yet to know. The region’s leading Airways Company has reported a loss per share of Kshs 2.25 (US $0.025) for the year ended 31st March 2014; a slight improvement compared to Kshs 6.35 in y/e 2013. For published summary financial results, download Table 1. Will KA’s struggles end soon? The performance of KA has been wanting for the last few years despite the high investment. Although the Airline’s net loss reduced from Kshs 7.9 billion to Kshs. 3.4 billion, the current loss is still on a higher side considering the…
Fraud: How URA has lost a lot of revenue to tax defaulters
After Uganda Revenue Authority sent many reminders to the companies to pay their outstanding tax, the body took the necessary steps. Among these, on 6th June 2014, URA finally published a list of the top companies that have deliberately failed to pay their outstanding tax dues. URA has gone as far as imposing travel bans on the business men to move abroad. And by 26th June 2014, five tycoons were blocked by immigration from existing the country. URA claims these businessmen have defrauded the tax body a lot of revenue. This comes at a time donors suspended aid to Uganda…
Three sure strategies to reduce employee turnover
The objective of any great executive is to attract and retain the best staff while letting the incompetent to exit. It is easy to attract incompetent staff and very difficult to get rid of them. Likewise, when you get the best on board, keeping them is very tough. For this reason, you must always ensure quality at the door and have a continuous process of identifying the best folks and doing all it takes to retain them. True, no one is indispensable. But there is always cost in terms of learning curve when you lose a good staff. Now you’ve…
Success in your marriage insights from President Museveni
How would you feel if the President of your country appeared at a wedding you are attending? It is both good and bad. The good side is that everything is upgraded to high alert and great class. The downside is that security is over tightened that you get self-restraint to move freely. That is what happened at the wedding of Kenneth Baija, a statehouse employee, a friend,and brother to Robson Aine, one of my colleagues at Summit Consulting. At about 10:20pm, on Saturday 21st June 2014, at UMA main hall, the President arrived. The President’s presence is always a tense…
Overcoming rejections: here is how to excel at face-to-face job interviews
On 16th June 2014, a young man who has just completed a bachelor’s degree in Computer Engineering requested for an appointment with me via email. I agreed because I found his email outstanding: “Dear Mr. Mustapha, My classmates call me Mr. Ethical Hacker due to my demonstrated skills in the use of Linux and Mac OS. I know you already work with some of the best folks in the field of computer security. But this is technology. Today is not yesterday as many things have so far changed. I want to meet and explore my value to your team. Any…
Stop being misguided; some grammar mistakes in your CV are good for you
Mistakes I must admit that I was once a victim of folks who spread the gospel of perfectionism and no grammar mistakes. You have probably met those ‘experts’ who advised against applying for a job for which you lacked a small specified requirement or they made you re-edit your CV several times that you even missed the deadline! You are not alone. After getting a US $ 60 per week part-time University teaching job in September 2004, I continued exploring how to fully exploit all my strengths. When you have loans and bills to pay, any income gets used up…
