This study sought to explore the effect of Loan Repayment on financial performance of deposit taking SACCOs in Mount Kenya Region. The target population was all the thirty licensed deposit taking SACCOs in Mount Kenya Region, the sampling technique employed was simple random sampling and the sample size was 92 respondents. This study adopted a descriptive survey in soliciting information on effects of Loan Repayment on financial performance of deposit taking SACCOs in Mount Kenya region. Primary quantitative data was collected by use of self-administered structured questionnaires. The researcher also used secondary data derived from the audited financial statement of the SACCOs and the regulator (SASRA). The data collected was analyzed, with respect to the study objectives, using both descriptive and inferential statistics. The researcher concluded that there is need for the regulator to introduce credit policy for the sector, this will help in controlling credit risks among the SACCOs in the sector and reduce credit exposure on guarantors. Currently huge percentage of credit risk is on the guarantors but since the sector is on upward trend on growth, there is need to strengthen the sector by adoption of better and efficient credit management system and will ensure the sector is competitive across the Kenyan financial sector.

Public procurement is crucial to government service delivery. For decades procurement performance has been attracting great attention from practitioners, academicians and researchers due to poor levels of performance. Despite Government efforts for improvement, it is still marred by shoddy works, poor quality goods and services. Stakeholders complain about poor service delivery. Benefits deriving from improved procurement performance at State Law Office (SLO) are dependent on systems and staff. The general objective of the study was to assess factors influencing procurement performance in Kenyan public sector with specific focus on the SLO. It sought to assess the extent to which records management systems, procurement procedures, information communications technology and staff qualifications influence procurement performance. Descriptive design was used in executing the study. Target population was the 600 SLO staff comprising of 7 departments. Sample size of 60 respondents, 10% of target population, was drawn using stratified sampling method. Primary and secondary sources of data were collected using questionnaires, interviews and observation. Both descriptive and inferential data analysis methods including frequencies, percentages, factor analysis and regression were used in STATA. Data was presented using graphs and figures. Based on the analyses of information presented above, the following findings were noted: Demographic indicators show that majority of the study participants are qualified and have attained education levels sufficient to influence favourably their comprehension of antecedents to effective management of the procurement function. Further findings on years of experience indicate that officers participating in the procurement function in the SLO have long work experience. The results indicate that the SLO is performing on the negative in all the five determinants of public procurement performance studied as they all recorded negative mean scores. Overall records management is most significant driver in procurement performance followed by procurement procedures, procurement staff qualifications and ICT in that order. It is recommended that reforms in the Department be accelerated with a view of streaming procurement processes as well as automating activities and back office operations.

This paper reviews an advanced literature on capital asset pricing model. It starts by a brief introduction in welcoming scholars into the model background and its relevant assumptions and implications. It then explains the model in its real form, both the conceptual and the analytical part of it. The CAPM and the Index Model is then clearly looked at and explained in the dimensions of the Index Model and Realized Returns and also the Index Model and the Expected Return-Beta Relationship. The researchers penultimately look at a number of empirical tests for CAPM to explain the validity of the model. Some of the Empirical tests looked at by this paper are the tests by Lintner, which is reproduced in Douglas (1968), Fama and MacBeth (1973), tests by Black, Jensen and Scholes (1972), tests by Stambaugh (1982), tests by Gibbons (1982), Miller and Scholes (1972) tests and the Roll (1977) Critique. The paper finds that, there is strong empirical evidence invalidating the CAPM and on the other hand it is clear that the empirical findings themselves are not sufficient to discard the CAPM. The paper found out further that CAPM cannot be used for estimating the cost of capital, to evaluate the performance of fund managers or as an aid in event-study analysis. For practical purposes, Merton's (1973) intertemporal CAPM or some form of the APT would have to be resorted to for the purpose of explaining expected stock returns.