FIRSTIDEA CONSULTING

Risk Management Experts

About
FirstIdea Consulting Limited is an independent risk consulting firm established in Kenya in 2014.

Research indicates the following as the top five risks that organisations face in 2019:
40% business interruptions (including supply chain disruption);
36% cyber incidents (cybercrimes, data breaches, IT failure);
33% natural catastrophes (storms, floods, earthquakes);
27% market developments (volatility, intensified competition, market stagnation); and 
20% change in legislation and regulation (economic sanctions and protectionism).

Management of both upside risks (opportunity) and downside risks (threats) is at the heart of business growth and wealth creation. Risk Management is about controlling the threats as far as possible to enable a business maximize its opportunities and get rid of risks that stifle the source of value creation and upscale potential.

Our risk consulting supports organizations in identifying, assessing, mitigating and monitoring risks. Our approach is to provide risk advisory and training services based on a thorough understanding of our clients’ needs and requirements. We work closely with the clients to ensure smooth implementation of the mitigation plans, while ensuring that risk management practices are well integrated within the organisation’s operations.

FirstIdea Consulting’s fundamental purpose is to help keep risk management processes for the organisation, simple and allow them to focus on their core activities.

Mission:  To help organisations unleash economic and social possibilities by simplifying governance and risk challenges.

Vision: To deliver simple solutions that solve complex governance and risk challenges.

Core Values: In everything:
1. We are passionate about our customers;
2. We deliver greatness;
3. We Value one another; and
4. Act above board.


Now available!

Riskwise e-Magazine 1st Edition

Risk Awareness & Compliance: No longer a good-to-have, but a must-have.








DurationTrainingTarget HoursCost (USD)   
02 December 2020Introduction to Risk
  • Board Members
  • Risk & Audit committee members
  • Senior Management
350REGISTER
03 December 2020Credit Appraisal
  • Credit Staff Members
  • Loan Officers
  • Debt Recovery Officers
340REGISTER
09 December 2020Risk Management Framework
  • Board Members
  • Risk & Audit committee members
  • Senior Management
350REGISTER
10 December 2020Credit Securitization
  • Credit Staff Members
  • Loan Officers
  • Debt Recovery Officers
340REGISTER
06 January 2021Risk Responsibilities
  • Board Members
  • Risk & Audit committee members
  • Senior Management
350REGISTER
07 January 2021Credit Quality Assurance
  • Credit Staff Members
  • Loan Officers
  • Debt Recovery Officers
340REGISTER
13 January 2021Risk Appetite
  • Board Members
  • Risk & Audit committee members
  • Senior Management
350REGISTER
14 January 2021Credit Monitoring & Collection
  • Credit Staff Members
  • Loan Officers
  • Debt Recovery Officers
340REGISTER
20 January 2021Risk Monitoring & Control
  • Board Members
  • Risk & Audit committee members
  • Senior Management
350REGISTER
28 January 2021Risk ConferenceGeneral640
03 February 2021Introduction to Risk
  • Risk Staff Members
  • Internal Auditors
  • Compliance Staff Members
340REGISTER
10 February 2021Risk Management Process
  • Risk Staff Members
  • Internal Auditors
  • Compliance Staff Members
340REGISTER
17 February 2021Risk Management Standards
  • Risk Staff Members
  • Internal Auditors
  • Compliance Staff Member
340REGISTER
24 February 2021Risk Assessment
  • Risk Staff Members
  • Internal Auditors
  • Compliance Staff Members
340REGISTER
03 March 2021Risk Treatment
  • Risk Staff Members
  • Internal Auditors
  • Compliance Staff Members
340REGISTER
10 March 2021Risk Reporting & Monitoring
  • Risk Staff Members
  • Internal Auditors
  • Compliance Staff Members
340REGISTER
  •  12.11.2020 08:30 AM
  • Online Event

Managing Credit Risk in the New Normal

  •  07.10.2020 02:00 PM
  • Online Event

Extreme disasters have had additional shocks for the already struggling SME sector. Building SME resilience to disaster risks like #COVID19 and others requires a strategic approach. You are invited to a dialogue with key stakeholders on understanding Disaster Risks and contributing to strategies that will strengthen disaster preparedness for SMEs. Join this conversation in #IIADialogueSeries to gain insights on risk in all its dimensions and lessons traceable across Africa. #DisasterDialogue Register Today and save your spot.

  •  16.09.2020 11:00 AM
  • Online Event

MASTERCLASS ALERT!! The risks of fraud have been heightened by the #Covid19 economic disruption and it poses a threat to SMEs. As a leader of a small enterprise, what measures have you put in place to mitigate fraud risks? Sign up for our virtual Masterclass on MANAGING FRAUD RISKS FOR SMEs to increase your awareness of potential fraud and enable you to identify the red flags, as well as manage and mitigate fraud risks in your company. Register for FREE and save your spot

  •  26.08.2020 11:00 AM
  • Online Event

As an entrepreneur, how can your business survive the business risks presented by Covid-19? Join us on Wednesday, 26th August 2020, at 11:00AM, for a Masterclass on IDENTIFYING AND MANAGING TOP BUSINESS RISKS FOR SMEs. Gain insights on the risks SMEs are facing in the new business normal occasioned by the Covid-19 pandemic and a framework on how these risks can be mitigated. Register for this Masterclass Today FREE of charge.


Riskwise e-magazine


From the Editor 

This is the first issue of the RiseWise magazine. 

The purpose of this magazine is to amplify and boost risk management practice in Africa. Although risk management is well established in the finance sector, it is not effectively applied in the other sectors. Risk management is important as it identifies critical risks that would have substantial impact in the organization objectives and it supports to prioritize and monitor such risks. 

In this issue we have several outstanding articles including ‘Navigating through COVID-19: A risk management perspective’, an article that underscores the importance of risk management especially after the pandemic. An article on ‘Risk management in the insurance sector’ which speaks to the importance of insurance as a mitigating strategy for risks. Another article on ‘Crisis communication’ underscores the importance of effective communication in risk management. The title article speaks to ‘Risk management as a must have and not good to have’. We believe that these articles will create a good read for this inaugural issue. 

Enjoy the read! 

Caroline

How Not to Waste a Crisis in Your Business

09.09.2020

How Women can Thrive in Business

11.09.2020

Maintaining a Healthy Cashflow During This Pandemic

22.07.2020

Opportunity or risk of the Corona Virus to the Kenyan Economy?

18.03.2020

Minimising risk when doing business with counties

30.01.2020

Invest more in training risk management experts

18.02.2020