FACTORS AFFECTING FINANCIAL PERFORMANCE OF CEMENT MANUFACTURING COMPANIES IN KENYA: A CASE STUDY OF MOMBASA CEMENT ATHI RIVER MACHAKOS COUNTY.

Abstract

The main purpose of the study was to investigate factors affecting financial performance of cement manufacturing companies in Kenya a case study of Mombasa Cement Company which is geographically located at Athi-river along Namanga road at shalom hospital in Machakos County. The firm was used to carry out the research on the above stated topic. The specific objectives of the research were; to establish the extent to which information technology affect financial performance in cement sector in Kenya, to evaluate how government policies affect financial performance in cement sector in Kenya, to determine the extent to which employee competency affect the financial performance in the banking cement sector in Kenya, to investigate the extent to which innovation affects financial performance in the cement sector in Kenya. The expected beneficiaries of study carried out were; the management of Mombasa cement company in understanding the factors affecting financial performance of cement companies in Kenya, other financial institutions in understanding factors affecting financial performance of cement in their firms and other researchers who may wish to pursue further research in this area. The study used Descriptive Research Design, where the targeted population was 120 employees. The researcher also used Stratified random sampling procedure to select a sample size of 60 respondents which represented 50% of the target population. Questionnaires were adopted in collecting data which was later analyzed both quantitatively and qualitatively and presented using pie charts and tables.