Dr. Suman Sorout
Mohamed Mohamud Hussein
Abstract:
This article explores the cross-border business potential within the Mandera Triangle, a region formed by the borders of Kenya, Ethiopia, and Somalia. The article provides a comprehensive examination of the region socio-economic opportunities and challenges, with a particular focus on agriculture and livestock trade. Utilizing a thorough desktop review of existing literature, policy documents, and reports, the article highlights the critical role of agriculture and livestock in local economies, emphasizing the impact of innovative practices and development projects like BORESHA. The findings reveal significant socio-economic opportunities driven by agricultural trade and livestock activities, which support food security and income generation. However, the region faces substantial challenges, including the pervasive nature of informal trade, political instability, and inadequate infrastructure. The informal trade, while essential for local livelihoods, often escapes regulatory oversight, complicating efforts to formalize the economy. Political and security challenges, including inter-clan conflicts and border disputes, further disrupt trade and development initiatives. Additionally, infrastructure deficits, such as poor road networks and limited access to healthcare and education, hinder economic growth. The policy and institutional framework section reviews current policies impacting cross-border trade, highlighting the effectiveness and gaps in regulatory environments. The role of various institutions, including government bodies and NGOs, is analyzed, showcasing successful collaborative efforts that have positively impacted the region. The study concludes with a summary of findings and actionable recommendations aimed at enhancing trade policies, supporting informal trade, and prioritizing infrastructure development.
Carmella TOGOGO MUGOLI, Dr. Joseph Macheru & Dr. Thomas Githui
Abstract:
In the contemporary financial landscape, the integration of technology into finance has emerged as a pivotal factor driving growth and efficiency. This study investigated the impact of Fintech services on the growth of asset management firms in Kenya. The research focused on how specific Fintech services, including Robo-advisors, mobile applications, and cybersecurity solutions, influence the operational and financial performance of these firms. A correlational research design was employed, incorporating both qualitative and quantitative methodologies to provide a comprehensive understanding of the subject matter. Data was collected from a sample of 160 managers from various asset management firms that have integrated Fintech services into their operations. The findings indicated that Robo-advisors significantly enhance investment returns and client satisfaction, with 64% of respondents reporting positive impacts on their financial performance. Mobile applications were found to be effective in increasing user engagement and transaction efficiency, with 67% of participants acknowledging their user-friendly nature and impact on client retention. Cybersecurity services were also shown to play a critical role in safeguarding client data and ensuring regulatory compliance, with 71% of respondents expressing confidence in their firm cybersecurity measures. These underscored the transformative potential of Fintech services in the asset management sector.
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