Journal Articles

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    Co-creating human-centred climate solutions through challenge-based learning: Insights from Kenya–UK learning and design lab
    (British Educational Research Journal, 2026) Mwangi, Renson M; Muthuri, Judy N.; Kutuk, Gulsah; Muriithi, Betsy; Kamere, Grace; Faßbender, Karina
    The global climate crisis calls for innovative educational approaches that empower individuals to critically engage with its complexities and inequalities. Climate change education (CCE) is a key strategy to foster the knowledge, agency, and action needed for such engagement, particularly within higher education. Yet, traditional content-driven approaches often fail to address the dynamic and context-specific nature of climate change impacts. This article explores the potential of human-centred challenge-based learning (HCCBL) to promote equitable and inclusive CCE through transdisciplinary co-creation and Global North–South dialogue. We draw on findings from the UK-Kenya University Partnerships: Learning and Design Lab, a British Council project that involved undergraduate and postgraduate students from universities in Kenya and England in the United Kingdom. Sixty (60) university students collaborated in intercultural teams across three labs to co-create solutions for real-world climate resilience challenges identified by three (3) industry partners in Kenya. The findings highlight HCCBL's value in bridging theoretical knowledge and real-world application as well as enhancing students' problem-solving and intercultural competencies. However, challenges such as cultural dynamics, time constraints, and asymmetric travel opportunities underscore the need for adaptive and equitable facilitation. This study positions HCCBL as a transformative pedagogy in CCE that supports co-creation, knowledge exchange, and sustainability leadership among university students in high-vulnerability contexts. It also discusses implications for educators, policymakers, and industry stakeholders who are committed to inclusive, justice-oriented climate action through education.
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    Transformational leadership and its impact on student Outcomes, mediated by teacher motivation in secondary schools In Nairobi county
    (Edward Elgar Publishing, 2026) Mwangi, Renson M; Muthuri, Judy N.; Ntara, Caroline
    Sustainable entrepreneurship education holds great potential to drive sustainable development in Africa through imparting entrepreneurial knowledge and skills, nurturing social innovations that tackle community challenges and create employment, and promoting ethical and sustainable business practices. Unfortunately, this value is not realised because many business schools in Africa that offer entrepreneurship education at most have prioritised the use of traditional teaching models and curriculum content largely disconnected from the reality of entrepreneurship and sustainability. This chapter focuses on a comprehensive framework for developing an entrepreneurship education curriculum using a case study of KCA University in Kenya and leveraging the power of North–South cooperation and collaboration between academia and industry in an entrepreneurship ecosystem in Kenya. The case study used collaborative curriculum design methodology, using appreciative inquiry as a mediating tool for collaboration, to revamp the entrepreneurship curriculum by integrating sustainability and ethical business practices, embracing experiential learning, and fusing case study methodology.
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    Analysing Volatility Persistence in the Nairobi Securities Exchange: The Role of Exchange and Interest Rates
    (Statistics, Optimization & Information Computing Journal, 2025) Mulinge, Anthony; Moyo,Edwin; Jere, Stanley; Kasumo, Christian; Nwokolo, Peter C.; Mwaanga, Clement; Mushala, Wamulume
    In this paper, the main objective was to analyse the influence of exchange and interest rates on volatility persistence using asymmetric GARCH models (EGARCH and TGARCH) on NSE data. The analysis of the relationship between stock return volatility, exchange, and interest rates on volatility persistence was performed using the models ARMA (1, 2) -EGARCH (1,1) and ARMA (1, 2) -TGARCH (1,1) under the student t distribution and the generalised error distribution assumption using the NSE daily 20-share price index, interest rates, and exchange rates from 02/01/2015 to 31/12/2024 accounting for 3106 observations. The degree of persistence in the conditional variance equations slightly increased for the ARMA(1,2)-TGARCH(1,1) model and there was a slight reduction for the ARMA(1,2)-EGARCH(1,1) with the inclusion of interest rate and exchange rate which was consistent regardless of the error term distribution assumption. Generally, information shocks increase volatility persistence, and negative shocks have a greater impact than positive shocks. The coefficient of the exchange rate ($\delta_2$) is positive and statistically significant for ARMA (1,2)-TGARCH (1,1). Hence, we deduce that the volatility in the NSE can be explained by the exchange rate, and there exists a positive relationship. Therefore, it is evident that stock returns are positively related to changes in exchange rates. The government should implement policy measures to control the exchange rate, such as real-time disclosure of financial information, trading volumes, and corporate actions, as these affect stock returns.
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    Inflation Rate and Financial Performance of Investment Firms Listed at the Nairobi Securities Exchange, Kenya
    (Scholarnest Publishers, 2026) Miriti, Brenda K.
    Abstract Financial performance is a critical indicator of organizations’ overall profitability and health. Return on equity (ROE) is a crucial metric that reflects a firm’s operational efficiency and attractiveness to investors and is commonly used to assess performance across industries. Recent trends in Nairobi Securities Exchange (NSE)-listed investment firms show a concerning decline in ROE, dropping from 10.3% in 2019 to 4.2% in 2022, before a slight recovery to 7.2% in 2023. If unaddressed, the declining ROE may discourage investment, reduce market liquidity, increase borrowing costs, and slow economic development. The study aimed to assess the effect of inflation rate on the financial performance of NSE-listed investment firms. The Quantity Theory of Money guided the research. A descriptive research design was employed to analyze secondary data collected from reliable sources, including the Central Bank of Kenya (CBK), NSE reports, company websites, and Capital Markets Authority (CMA) handbooks. The target population consisted of five NSE-listed investment firms: Olympia Capital Holdings Ltd, Centum Investments Co Ltd, Trans-Century Ltd, Kurwitu Ventures, and Home Afrika Ltd. Given the small number of firms, the study adopted a census approach, analyzing all five companies. Data was processed using Microsoft Excel to compute descriptive statistics, including frequencies, percentages, and measures of central tendency, providing insights into financial trends and macroeconomic influences. The findings indicated that inflation rate had a statistically significant relationship with financial performance, with the model explaining approximately 74.8% of the variation in ROE. The study concluded that inflation rate played a key role in influencing firm performance. The study recommended that investment firms should incorporate macroeconomic indicators into decision making, while policymakers were encouraged to maintain economic stability. The findings benefit investment firms by improving risk management strategies and operational efficiency. Policymakers and regulatory bodies gain insights into external economic factors affecting investment firms, enabling them to formulate policies that foster financial stability. Additionally, academics find value in this study as it expands the body of knowledge on macroeconomic influences on financial performance in emerging markets such as Kenya.
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    Auditors’ Professional Experience and Financial Sustainability of County Governments
    (International Journal of Finance, 2026) Kiarie, Anthony N.
    Purpose: This study investigated the effect of an auditor’s professional experience on the financial sustainability of county governments in Kenya. Methodology: A descriptive research design was employed, targeting all 47 counties in Kenya. A sample of 123 respondents was selected, and data were obtained through structured questionnaires utilizing a five-point Likert scale. Instrument reliability was verified through a pilot test, yielding a Cronbach’s alpha of 0.7. Data analysis was conducted using SPSS, applying both descriptive and inferential statistics, including multivariate regression and structural equation modeling. Findings: The findings established that auditors’ professional experience exerts a positive and statistically significant effect on financial sustainability. It concludes that sustained investment in auditor capacity-building is vital for improving governance and ensuring long-term financial sustainability within devolved government units. Unique Contribution to Theory, Policy, and Practice: The study extends on the existing public sector auditing and financial sustainability literature by empirically demonstrating, within the Kenyan county government context, the significant linkage between auditors’ professional experience and financial sustainability, while reinforcing legitimacy, stewardship, and inspired confidence theories in public financial management discourse. The study further provides empirical evidence to county governments and policymakers that auditors’ professional experience is a critical governance resource for enhancing financial sustainability, thus justifying greater investment in auditor capacity development, retention, and professional training within devolved units.
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    Influence of Governance Practices on Sustainable Development of the Sub-Saharan African Countries
    (International Journal of Scientific and Research Publications, 2026) Mbugua, James C.N.; Tirimba, Ibrahim; Sporta, Fred O.
    The study sought to assess the influence of governance practices on sustainable development of the Sub-Saharan African countries. The research was guided by legitimacy theory. The study used a longitudinal panel design and incorporated both the descriptive and explanatory elements that looked at sustainability dynamics in the Sub-Saharan African region. The study adopted a positivist research philosophy. It sourced data from 49 Sub-Saharan African countries over 24 years, from 2000 to 2023. The study relied on secondary data from the World Bank Data Bank (2025), UNDP (2025), Fund for Peace (2025) and Sustainable Development Report (2024). Descriptive analysis and regression models were used for analysis. The study found that governance improvements in areas of control of corruption, voice and accountability and government effectiveness did not directly contribute to sustainable development in Sub-Saharan Africa. Practical interventions should focus on enhancing governance effectiveness through capacity building and institutional reforms.
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    Sustainability reporting and financial performance of listed financial firms in Kenya
    (Scientific Publishing Institute., 2023) Wanyoike, Charles Githira.; Omollo, Joel Agutu.
    Financial sector stability is vital for the realization of economic development. Failure to incorporate environmental, social and governance (ESG) elements into corporate strategies can lead to corporate failure. Through the adoption of a descriptive research design, this study aims to determine the relationship between sustainability reporting and the financial performance of financial companies listed on the Nairobi Securities Exchange (NSE) in Kenya. Through the census method, the study population of twenty-three listed financial firms was obtained, and secondary data for the period from 2015 to 2021 was extracted through content analysis. Data on predictor variables were obtained through a document check index utilizing a non-refined exploratory factor analysis, while data on the response variable were obtained directly from annual reports. The data were analyzed through descriptive and inferential statistics. Modelling was further adopted through feasible generalized least squares (FGLS) to counter the problem of first order serial correlation. The findings indicate a positive and significant relationship between ESG reporting and the financial performance of listed financial firms in Kenya. The results imply that firms should embrace sustainability since ESG drives corporate strategies and will help firms to improve their performance, which will bring improved resilience. Focus on the triple bottom line enables value maximization for the three Ps – profit, people, and planet – thus facilitating sustainable development. The harmonization of reporting guidelines which is process-driven rather than content-driven will minimize greenwashing by firms. Lastly, industry players should ensure the availability and quality of ESG data.
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    Do board structure and director compensation influence financial reporting quality? Evidence from nonfinancial listed firms in Anglophone Sub-Saharan Africa
    (Emerald publishing, 2026) Kariuki, Peter W.; Nyakarimi, Samuel N.; Chepkorir, Benaline
    Purpose This study explores the influence of board structure and director compensation on the financial reporting quality of nonfinancial firms listed in Sub-Saharan Africa. Design/methodology/approach Data from 110 firms listed on 10 securities exchanges from 2017 to 2023 were utilized. The Beneish M-Score serves as a proxy for earnings manipulation, employing a limited-dependent-variable estimation methodology with a multi-country panel dataset. Following the model specification tests, a random effect model was fitted. A pooled OLS model was employed for a robustness check. Findings The study finds that larger boards and higher directors' compensation are associated with a lower likelihood of earnings manipulation, indicating improved monitoring efficacy. Additionally, larger firms are less likely to engage in earnings manipulation, underscoring the need to enhance monitoring of smaller firms. Originality/value This study bridges the gap in the literature by providing cross-country evidence of financial reporting quality in Sub-Saharan Africa, an underexplored emerging market context. It contributes to the corporate governance literature by providing empirical evidence on the influence of board structure and directors' compensation on financial reporting quality across countries.
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    Data Mining in Pediatric Radiology in the Era of Artificial Intelligence
    (Springer, 2026) Guarnera, Alessia; Ghosh, Adarsh; Gikera, Rufus; Vahdati, Sanaz; Zhang, Kuan; Gupta, Amit
    Data mining is the systematic process of extracting useful knowledge from large multimodal datasets and is increasingly enabled by artificial intelligence (AI) methods. Pediatric radiology is a natural field for data mining because multimodal data sources, including images, reports, metadata, and electronic health records, together capture rich information on anatomy, disease, treatment, and outcomes. In the current era, the boundaries between data mining and AI are increasingly blurred. AI assists in key steps of the mining workflow through automated labeling, information extraction, and representation learning, while data mining provides the high-quality curated datasets that underpin model performance, generalizability, and safety. This review, therefore, examines both domains together, emphasizing their interdependence in the pediatric context. We describe core concepts and workflows of data mining in pediatric radiology, including data collection, linkage, annotation, analysis, validation, and governance, and outline how modern AI tools such as deep learning, large language models, multimodal fusion, and federated learning support advanced pattern discovery across limited and heterogeneous pediatric datasets. We summarize current and emerging clinical applications across diagnosis, prognosis, radiation dose monitoring, operational analytics, reporting safety nets, and continual learning. We then discuss current challenges related to data quality and standardization, ethics, regulation, workflow integration, resource disparities, sustainability, and explainability. Finally, we highlight future perspectives, including synthetic data generation, foundation models, structured reporting, and pediatric-focused ethical frameworks that aim to enable safe, transparent, and equitable integration of AI-driven data mining to improve outcomes in children.
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    Effect of sustainable development financing on economic growth in Kenya.
    (IOSR Journals., 2024) Wanyoike, Charles Githira.; David, Jeremiah Makanga.
    For any economy to grow, financing is a very vital aspect. This study looks at how Kenya's economy is affected by financial resources for sustainable development. It specifically looks at the impact on Kenya's economic growth of foreign direct investment, remittances, external debt, and domestic credit to the private sector. The study was founded on the four theoretical foundations: Electric Paradigm Theory, Dependency Theory, Financial Intermediation Theory, and Institutional Theory. The study adopted correlational research design. Yearly data was collected from 1990 to 2023 on FDI inflows, remittance, external debt, domestic credit and GDP. The study used time series data since the data was collected on yearly basis. Once the data was collected, it was analyzed using STATA software. Descriptive statistics and inferential statistics were carried out as well as pre and post diagnostics tests. The findings showed that foreign direct investment (FDI) had a favorable effect on economic growth. It was also demonstrated that remittances, which encourage investment and the development of human capital, are essential to Kenya's economy. The findings also showed that, despite the possibility that they would negatively impact economic growth, legislative measures should be implemented to maximize their developmental effects. Based on the results, it can be said that Kenya's external debt is a barrier to its economic development. It was suggested that in order to draw foreign capital into important industries like manufacturing, technology, and infrastructure, governments should concentrate on diversifying investment opportunities. Enhancing financial inclusion initiatives is vital; further research is needed to expand on the discoveries about remittances' impact on development. There is also a need to conduct longitudinal studies to monitor the long-lasting effects of sustainable financial development on sustainability and financial stability.