BCCK and KPMG host networking meeting exploring CEO’s agenda for growth and sustainability

British Chamber of Commerce Kenya breakfast meeting
The British Chamber of Commerce Kenya team await the arrival of the breakfast meeting attendees. Photo: Twitter/britchamken

Yesterday, the British Chamber of Commerce Kenya (BCCK) hosted a networking breakfast at the Capital Club in Westlands look at CEO’s Agenda for Growth and Sustainability.

Following opening remarks by the BCCK Chairman Graham Shaw and KPMG East Africa CEO Josphat Mwaura, guests heard from Gerald Kasimu, KPMG East Africa CEO and Senior Partner.

Mr Kasimu shared insights from the KPMG 2018 Global and East Africa CEO outlooks.

Discussing “Realistic Growth: Optimism tempered by pragmatism”, delegates heard how nine out of 10 East African CEOs are positive about their company’s growth prospects for the next 3 years and 70 per cent are confident in the growth prospects for the global economy.

They were also told that a large majority of East African CEOs anticipate moderate increases in both revenue and headcount over the next three years with three-quarters expecting top-line revenue growth for their organisation of 2 per cent of less, while the same proportion expect headcount to increase by less than 5 per cent.

The KPMG East Africa CEO told guests that the top companies in Kenya and across the world are data driven and that 69 per cent of CEOs agree that they are personally prepared to lead their organisation through radical transformation and 73 per cent seeing protecting customer data as a critical and personal responsibility. 

Interestingly, despite fears of job losses caused by artificial intelligence, KPMG’s research found 82 per cent of CEOs expected it to create more jobs than it eliminates.

A panel discussion followed with Kenya Breweries MD Jane Karuku, KEPSA Chairman Nick Nesbitt, Strathmore University’s Vincent Ogutu, Jave CEO Paul Smith and BCCK Chairman Graham Shaw, moderated by David Leahy.

Mr Ogutu told attendees that Strathmore University are getting millennials out of class and involved in developing the soft skills that industry needs. He also said that industry should hold universities more accountable and through feedback, let education establishments know what the market needs, rather than leaving up to the discretion of universities.

Java CEO Paul Smith added that millennials are contributing in the transformation and growth of organisations in different perspectives.

Closing remarks came from Smita Sanghrajka, KPMG East Africa Partner.

Among the takeaways from the meeting were that challenges in the work force included identifying growing staff, giving them more exposure as well as mentoring and encouraging them to think further than their positions.

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