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Category: BUSINESS

  • KLM Unveils New Cabin Class, Targets Increasing Demand for Luxury Travel

    KLM Unveils New Cabin Class, Targets Increasing Demand for Luxury Travel

    ·         Kenya will be one of the first countries in Africa to experience the new cabin

    ·         The airline projects that it will register at least 14 per cent more seats in terms of capacity in 2023 than in 2019 largely driven by increased Leisure and business travel.

    Dutch National Carrier KLM has introduced a new cabin class dubbed Premium Comfort In between the economy class and business class.

    Targeted at customers who want to enjoy the luxury of flying comfortably, the new cabin is installed on all Boeing 777 and 787 aircraft flying to international destinations.

    Giving his remarks on the new cabin, Marius van der Ham, Air France-KLM General Manager for East and Southern Africa, Nigeria, and Ghana Marius said the new Premium Comfort Class allows KLM to more closely meet the needs and wishes of leisure and business travellers. 

    “We are thrilled to introduce our new premium comfort cabin class, designed to offer a luxurious flying experience. With this new offering, we can cater to the needs of our customers who value more comfort. Customers in this cabin get to also enjoy sky priority, extra legroom and an extensive menu. We are confident that this new cabin class will elevate our customers’ travel experience, and we look forward to welcoming them on board.” Said Marius van der Ham

    Containing 28 seats on 787-10 and 21 seats on 787-9, the premium comfort cabin comes featuring more legroom than a standard Economy Class seat, more recline, more space between armrests, movable leg- and footrests, In-seat power, and personal entertainment system. Passengers travelling in Premium Comfort will also have access to priority boarding, allowing them to settle in and relax before takeoff.

    With the introduction of Premium Comfort, KLM aims to meet the growing demand for an affordable luxury travel experience. As of 2022, at least 85 per cent of the airline’s capacity in the market was restored against the backdrop of the gradual lifting of the Covid-19 restrictions on passengers.

    Looking into 2023, the airline projects that it will register at least 14 per cent more seats in terms of capacity than in 2019 during the Covid-19 period. This is largely driven by increased demand for Leisure travel and business passenger travel which is expected to grow by upto 10 per cent by the end of this year.

    The Premium comfort is offered daily from Nairobi, five times a week in Tanzania, and two times a week in Zanzibar and will be rolled out in South Africa and West Africa before the year ends.

  • M-PESA Foundation Invests KES 27 million towards a maternal and child health unit in Makueni County

    M-PESA Foundation Invests KES 27 million towards a maternal and child health unit in Makueni County

    Over 15,000 residents to benefit from improved health services at Tawa sub-County Hospital following collaboration between the Foundation and the County Government

    More than 15,000 residents of Mbooni East in Makueni County are set to benefit from improved maternal and child health services after the M-PESA Foundation and the county government opened newly constructed Maternal and Child Health Unit at Tawa sub-County Hospital.

    The Foundation invested KES 27 million in the project while Makueni County government equipped the facility at a cost of KES 4.8 million. The health facility will be crucial in reducing referrals and bringing services closer to residents of Mbooni sub-County. It will also contribute to reducing maternal and child health mortality.

    “In our efforts to curb maternal and infant mortality, the M-PESA Foundation has partnered with several counties to enhance service delivery. That is why we have intervened here in Makueni County to bring services closer to the people and transform as many lives as possible,” said Nicholas Nganga, Chairman, M-PESA Foundation.

    The Foundation has ongoing maternal health projects at Ndhiwa sub-County Hospital in Homa Bay, Makwa Dispensary in Kiambu, Talek Community Hospital in Narok and Brase Clinic in Migori County.

    Meanwhile in Machakos County, M-PESA Foundation carried out a medical camp in collaboration with Zuri Health and Lion First Sight Eye Hospital, which saw over 2,000 people access health services. As part of the exercise, patients from the medical camp will access free follow-up consultations for up to six months via SMS and WhatsApp by sending the word “ZURI” to 40815. The service allows users to add three dependents who will also receive medical advice from doctors.

  • Africa’s Journey to Self-Sufficiency: The Power of Intra-Africa Trade

    Africa’s Journey to Self-Sufficiency: The Power of Intra-Africa Trade

    Africa, with its vast agricultural resources and untapped potential, holds the key to overcoming food security challenges and achieving self-sufficiency. The continent possesses an immense capacity to feed itself and even become a major player in global food markets. However, the continent has long been dependent on external markets for its food needs. Africa spends approximately $50 billion annually on food imports. This heavy reliance on imports creates a sense of vulnerability and dependency that hinders Africa’s progress towards self-sufficiency and economic prosperity.

    Presently, regional trade within Africa stands at just 14.4% of total African exports, indicating an underutilization of trade opportunities within the continent. However, there is immense potential for growth and collaboration through increased inter-Africa trade. According to UNCTAD forecasts, implementing the African Continental Free Trade Area (AfCFTA) could boost regional trade by about 33% and reduce the continent’s trade deficit by 51%. These statistics highlight the urgent need to prioritise and invest in continental trade as a pathway to self-sufficiency and economic growth.

    Promoting intra-Africa trade is a powerful strategy that can unlock Africa’s agricultural potential, reduce import bills, and strengthen local economies. By prioritizing trade within the continent, African nations can maximise local production and consumption, harness their unique agricultural resources, and create a self-reliant and resilient food system. This shift away from heavy reliance on external markets empowers African nations to tap into their capabilities and address food security challenges.

    Intra-Africa trade fosters the development of resilient supply chains capable of adapting to local conditions, reducing Africa’s vulnerability to external disruptions. Robust supply chains facilitate the efficient distribution of agricultural products, minimize post-harvest losses, and ensure timely access to nutritious food for all Africans. By incentivizing farmers to produce higher-quality crops and meet market demands, regional trade integration drives innovation, investment, and job creation within the agricultural sector. This enhanced productivity not only benefits local markets but also positions African farmers as key players in the global agricultural landscape.

    The AfCFTA presents a unique opportunity to boost regional economic integration, reduce import bills, and drive transformative economic growth. However, the wins under the AfCFTA would be at the back of strong policy measures to improve the trade environment including the removal or non-tariff barriers to trade, improving trade infrastructure and logistics, telecommunication infrastructure for digital trade, and access to productive and trade finance.

    Governments, regional organizations, and stakeholders must prioritize and invest in initiatives that promote trade integration. By fostering an enabling environment, harmonizing regulations, and investing in infrastructure, African nations can create a conducive ecosystem for intra-Africa trade. It is essential to seize this moment and unite, trade together, and pave the way toward a prosperous and self-reliant future.

    AGRA recognizes the transformative power of trade amongst African nations and plays a pivotal role in driving policy reforms and institutional support. AGRA’s efforts focus on strengthening trade relationships, harmonizing regulations, and addressing cross-border barriers. Through its advocacy, capacity-building programs, and knowledge-sharing platforms, we empower farmers and agribusinesses to actively participate in trading. By creating an enabling environment that encourages investments, innovation, and entrepreneurship within the agricultural sector, as an organisation, AGRA contributes to the realisation of Africa’s self-sufficiency and economic growth.

    Our approach also involves promotion of sustainable agricultural practices, investment in public and private trade institutions and companies to strengthen their capacities to participate in trade, generating data and evidence to inform policy and investment decisions, as well as create platforms for knowledge sharing and policy advocacy. For instance, AGRA’s market shaping investments aim to strengthen suppliers and off-takers’ capacities to comply with food safety requirements such as aflatoxin levels through trainings on post-harvest management including warehouse and storage management, Good Agricultural and Hygiene Practices, etc.

    Similarly, to support a more predictable environment for regional food trade and provide some flexibility in reducing the time and costs of trading, AGRA through the Common Market for Eastern and Southern Africa (COMESA) is implementing the Mutual Recognition Framework/Agreement to remove the need for multiple inspections and testing in the exporting and importing countries thereby contributing to increased trade flow. To forester evidence-based decision-making, AGRA through its regional food trade flagship and in collaboration with regional bodies such as the COMESA has rolled out the Regional Food Balance Sheet (RFBS) to support governments in their market intervention decisions on the back of food security reasons. AGRA continues to produce its monthly Food Security Monitor shedding lights on global and national food security issues, again, to support governments’ decisions on food security and investment decisions in the agri-food sector. By fostering collaboration among African nations and supporting policy reforms, AGRA aims to create a conducive ecosystem for regional trade.

    AGRA’s efforts in driving regional trade integration are invaluable and contribute significantly to Africa’s journey towards self-sufficiency and improved livelihoods. Together, with visionary leadership and collective action, we can unlock Africa’s full potential, ensuring food security, reducing poverty, and fostering inclusive development and shared prosperity for all Africans.

    The road to self-sufficiency may have its challenges, but the rewards are immense. Africa has the capacity, resources, and determination to chart its path towards a resilient and prosperous future. By embracing the power of intra-Africa trade and investing in agricultural development, Africa can rewrite its narrative and become a beacon of hope, resilience, and self-reliance for the world. Now is the time for African nations to unite, trade together, and build a continent where food security is a reality, economic growth is sustainable, and the well-being of its people is secured.

    The Writer, Daniel Njiwa,  is the Head of Regional Food Trade and Resilience at AGRA

  • Pwani Oil Diversifies to Home Care and Personal Care Manufacturing, Invests in State-Of-The-Art Plant

    Pwani Oil Diversifies to Home Care and Personal Care Manufacturing, Invests in State-Of-The-Art Plant

    ·    The company anticipates that this new investment will contribute more than 20 per cent of its overall business by the year 2032.

    ·   The Homecare and Personal care manufacturing plant boasts an impressive production capacity, enabling the manufacturing of 40 tonnes of Homecare products and 12 tonnes of personal care products daily

    Leading edible oils and detergent manufacturer Pwani Oil Limited has announced a significant investment in an ultra-modern Home Care and Personal Care manufacturing plant, the first of its kind in the East Africa Region.

    Located inside the Kikambala factory, the plant is an addition to the edible oils and soap plant and is part of Pwani Oil’s commitment to proactively meet the ever-evolving needs and preferences of Kenyan consumers.

    As a liquid detergent plant, the additional establishment will focus on manufacturing an extensive range of home and personal care products, a diversification moves away from Pwani Oils’ renowned oil-based products.  This will include an array of innovative solutions such as dishwashers, floor pastes, fabric softeners, milking jelly, shower gels, hand and body wash, shampoo, conditioners, and body lotions, among others.

    Speaking at the new plant, Pwani Oil Commercial Director Rajul Malde said, “With this expansion, we are not only diversifying our product offerings but also demonstrating our commitment to safety, sustainability, and innovation. We are excited to bring these high-quality, environmentally friendly products to Kenyan households and contribute to a greener future.“

    The liquid detergent plant boasts an impressive production capacity, enabling the manufacture of 40 tonnes of dishwashing pastes, dishwashing liquid, and floor cleaners daily. Additionally, it will produce 12 tonnes of personal care products per day, encompassing milking jelly, petroleum jelly, lotions, creams, and an assortment of soaps. These high-quality products are expected to have a shelf life exceeding 2.5 years, ensuring long-lasting freshness and effectiveness.

    With a vision for growth and a commitment to innovation, Pwani Oil anticipates that this new investment will contribute more than 20 per cent of its overall business by the year 2032.

    Pwani Oil’s decision to expand into the liquid detergent market was driven by extensive consumer research, which identified a gap in the industry for products that offer enhanced freshness and additional features. The company responded to this demand by developing floor cleaners that repel insects, providing consumers with an added benefit to their cleaning routines.

    On Safety and environmental responsibility, the plant is designed to be environmentally sustainable and adheres to stringent manufacturing standards as this was a central consideration in its establishment. It complies with Home Care and Food Care regulations, ensuring the highest level of safety for consumers.

    “We have implemented rigorous quality control measures throughout the manufacturing process, ensuring that the products remain uncontaminated by bacteria. The entire production process is automated, eliminating the risk of human contact”. Said Malde.

    In addition, Sustainability is at the forefront of the plants and the entire Pwani oil operations. The company has made substantial investments to minimize its environmental impact. The liquid detergent plant incorporates a water treatment facility, enabling water recycling and conservation. Rainwater harvesting, in conjunction with water purifiers, helps to replenish the plant’s water supply.

    Moreover, Pwani Oil has demonstrated its commitment to renewable energy by installing solar power plants across the facility, generating 1.2 megawatts of solar power and 1.4 megawatts of steam turbine-generated power. These initiatives highlight Pwani Oil’s dedication to sustainable practices and its contribution to a greener future.

    The inauguration of Pwani Oil’s liquid detergent plant and the introduction of its diverse range of home and personal care products represent a significant milestone for the company and the Kenyan market.

  • Kajiado North Constituency Witness a new dawn as Kindiki makes his entry to launch an historical Police station

    Kajiado North Constituency Witness a new dawn as Kindiki makes his entry to launch an historical Police station

    Decorated Contractor Mungai Accompanies CS Kindiki for Kiserian Police Station Launch
    Decorated Contractor Mungai with CS Kindiki at Kiserian Police Station Launch

    Kajiado North Constituency, witnessed a momentous occasion as Interior boss Kindiki Kithure led the official launch and commissioning of the newly constructed Kiserian Police Station .

    The event marked a significant step in enhancing security measures within the region.

    Kiserian Police Station is a testament to the government’s commitment to ensuring public safety, is equipped with state-of-the-art facilities and technology to enhance the efficiency and effectiveness of law enforcement operations.

    It’s strategic location in Kajiado North Constituency will enable the police to respond swiftly to incidents and provide rapid assistance to the community.

    The area Member of Parliament Hon. Onesmus Ngogoyo thanked the government for it’s support towards completion of the station where the CS also gifted him with Ksh.1million to buy seats for a school project underway.

    The contractor of the construction Engineer Peter Mungai lauded the government for it’s continued efforts to develop the country where he urged fellow engineers to work for government projects under given budgets because the country is undergoing difficult economic times which have also left the treasury with few funds to spare for the many projects awaiting completion.

    Mr. Mungai further touched on the rising cases of collapsing buildings and from his expertise he called on the government to also conduct thorough site investigations of what could cause a construction to collapse before arraigning it’s constructor in court.

    Much as the industry still has some reckless engineers, Mungai noted that in some cases the constructor carries the burden but with research alot of reasons could lead to buildings collapsing such as building on previous riparian land where a water body dried indefinitely ,owners giving workers limited time to complete projects among others.

  • Summit urges African Governments to Promote Sustainable and Humane Animal Production Systems

    Summit urges African Governments to Promote Sustainable and Humane Animal Production Systems

    The 2nd Africa Protein Summit organized by World Animal Protection has called on the African Governments to promote sustainable and humane animal production systems to promote climate restoration.

    Dr. Victor Yamo, The Farming Campaigns Manager at World Animal protection said; “The rapid growth of the human population particularly in Africa, coupled with increasing affluence, has led to a surge in demand for animal products. Consequently, intensification of livestock production is gaining popularity to meet this demand. However, intensive livestock production is associated with significant animal abuse, water and environmental pollution, deforestation, biodiversity loss and increased greenhouse gas emissions, making it an unsustainable method of food production.”

    The two-day Protein Summit highlighted the urgent need to mitigate the adverse environmental impacts of intensive livestock production systems and emphasized the importance of preserving traditional, resilient, and humane production systems that support small-scale farmers in the region.

    In the summit, presenters highlighted numerous negative impacts associated with intensive livestock production systems, including compromised animal welfare, public health concerns, and adverse effects on the environment and climate such as increased greenhouse gas emissions through deforestation for animal feed production and high fertilizer use. The excessive nutrient excretion from overfed animals further contributes to higher emissions. These negative externalities are often overlooked, particularly in developing nations striving to combat poverty and achieve food security.

    The Summit recognized that Africa’s green house gas emissions are mainly from the Agriculture, Forestry and other land-use change estimated at 65% of the continent’s emissions. It was further recognized that whilst there is room for the lowest meat consumption countries in Africa to increase rates of meat consumption to meet nutritional needs, embracing intensive livestock production systems will not only endanger food and nutrition security but also the livelihoods of small holder producers while worsening the superbug crisis and the climate crisis.

    The meeting agreed to call on African governments to:

    1. Acknowledge and regulate the green house gas emissions from animal agriculture and hold agricultural companies with high emissions accountable for their carbon footprint and low regard for animal welfare.
    2. Protect small holder livestock producers by empowering them with animal husbandry knowledge and skills while providing them with timely climate information and early warning systems to stay competitive in the market.
    3. Redirect subsidies provided to large agribusinesses towards smallholders, who are the backbone in feeding the growing population in Africa.
    4. Increase awareness on alternative protein sources that can be used to meet nutrition requirements while directing resources towards awareness creation to achieve attitude and behaviour change from intensive meat consumption to alternative protein sources.
    5. Finally, African governments need to bring stakeholders together to create a policy statement on sustainable agricultural production. All food systems actors must be engaged in a dialogue towards a humane and sustainable food system.
  • Huawei eyes automated transport sector with 5.5G connectivity

    Huawei eyes automated transport sector with 5.5G connectivity

    Huawei technologies is tapping into the burgeoning smart transport sector with its new 5.5G network capability that has been built to drive the accelerated digitalization of vehicles and intelligent traffic management systems.

    The firm said in a statement that the 5.5G deterministic network guarantees ultra-high reliability and reduced latency down to 4 milliseconds in a high-concurrency environment. Lower latency refers to a minimal delay in the processing of computer data over a network connection. The lower the processing latency, the closer it approaches real-time access.

    Li Peng, Huawei’s Senior Vice President and President of the Carrier BG was quoted saying that 5.5G will help cars sense their surroundings much more clearly, as the market quickly embraces the Internet of Vehicles (IoV), Vehicle to Everything (V2X), and connected intelligence.

    “An IoV with advanced sensing is a core component of intelligent traffic light systems, navigation on rainy and foggy days, beyond-line-of-sight sensing, and more. Level-4 autonomous vehicles are expected to hit the commercial market in 2025 and will require massive amounts of computing power and strong networks,” said Li.

    Pointing out that constant progress is being made in the areas of connected vehicles, Li stated that autonomous cars generate hundreds of terabytes of data each day that need to be uploaded to the cloud to support AI model training and algorithm updates. Since ICT services are essential for intelligent connected vehicles, Huawei will deepen its partnership with the transport industry to support these huge demands for computing power on clouds and intelligent real-time computing.

    He added the industry needs to innovate together with technology firms such as Huawei to meet increasing digital requirements in both the consumer and industrial markets.

    “The future is now. New business scenarios for people, homes, businesses, and vehicles are delivering new experiences. This is raising higher requirements for network capabilities. Enhanced network capabilities, like 10 Gbps downlink, 1 Gbps uplink, and 100 billion IoT connections, are creating a vast market space in 5.5G for carriers,” stated Li.

    He explained that the pursuit of the ultimate experience by a large number of users is driving the development of innovative content and applications, demanding that network operators deliver a 10 Gbps experience.

    This includes access to new frequency bands, such as the 6 GHz and mmWave bands, as well as sub-100 GHz spectrum. Huawei has already worked with multiple carriers to perform technical verification for the 6 GHz band. Field tests show that 10 Gbps downlink can be achieved on the 6 GHz band and that the band can also achieve co-coverage with C-band for a single site.

  • Global Cyber Security Firm Trend Micro Maintains Lead in Kshs 260 billion Cloud Security Market

    Global Cyber Security Firm Trend Micro Maintains Lead in Kshs 260 billion Cloud Security Market

    A new report from the International Data Corporation (IDC) has ranked Trend Micro, a global cybersecurity leader, as the largest vendor in the cloud workload security market, with a share more than twice that of its nearest competitor for the 5th consecutive year. The data appears in the report titled IDC Worldwide Cloud Workload Security Market Shares, 2022: A Shifting Landscape. 

     

    IDC’s report also highlights surging demand for cloud workload security. The overall size of the market increased by nearly 27% annually to reach Ksh 260 billion ($2.6bn) worldwide. While it did not go into specifics, the report expects that Trend Micro’s cloud-specific revenue is predicted to grow bigger than that of the second and third largest vendors combined.

    “Trend was early to spot the transformational potential in cloud and the need to secure this growing attack surface,” said Gareth Redelinghuys, Trend Micro Country Managing Director African Cluster. “With a 16% market share today, there’s no vendor out there that comes close to the depth of our threat intelligence and geographic diversity of our customer base. Our focus now is to give our customers what they’re increasingly demanding: a broad set of powerful cloud security capabilities delivered seamlessly to protect data no matter where it is.”

    This comes at a time when cloud migration continues its exponential growth in South Africa with 69% of businesses planning to increase their cloud spending in 2023. Seven out of ten chief information and technology officers have said that public cloud applications are key to their organisation’s digital transformation strategy.

    Yet as organisations migrate more of their mission-critical applications and workloads to cloud environments, they risk increased exposure to business disruption and data theft. The growing popularity of containers, and the accompanying move from monolithic to microservice architectures, is also highlighted by IDC as a fast-emerging risk factor.

    In the context of this increasing complexity, he noted that the firm remains committed to its mission to offer powerful protection, detection and response for data in every environment that can be managed from a centralised platform.

    “We also recognise that cloud does not operate in a vacuum. That’s why the cloud-native Vision One platform was built to help SecOps teams prioritize threat signals, increase productivity, and take rapid action to contain threats across email, endpoint, network, server and cloud infrastructure,” he added.

    To read an excerpt of the IDC, Worldwide Cloud Workload Security Market Shares, 2022: A Shifting Landscape, report please visit: https://resources.trendmicro.com/IDC-Cloud-Workload-Security-Overview.html

     

  • Startimes Awards first Lucky Winners of Recharge Buy and Win Promotion 

    Startimes Awards first Lucky Winners of Recharge Buy and Win Promotion 

    The campaign will run for two months from 15th June 2023 to 15th August 2023
    15th July 2023: Startimes Media has unveiled the first lucky winners of highly anticipated and ongoing two-month Recharge Buy and Win Promotion to mark 35 years of being in business.
    The promotion which commenced on the 15th of June 2023 and is set to conclude on the 15th of August 2023 has captivated participants nationwide, offering them an extended period to engage and seize the opportunity to win Motorcycle, Two door fridge and 55 inch smart television.
    Among those who won in the first round includes Kisia Omindo (Nakuru), Jackson Gikoni (Uasin Gishu), Alphani Ndao (Likoni), Paul Saitoti (Narok), Mercy Mueni (Likoni), Mohamed Ismael (Tana River)
    Speaking, Startimes Chief Executive Officer, Carter Luo expressed his utmost satisfaction with the resounding success of the “RECHARGE BUY AND WIN” promotion.
    He emphasized that this promotion stands as a testament to Startimes’ unwavering dedication to investing in top-notch local content and programming, thereby prioritizing their customers’ utmost satisfaction.
    He noted that Startimes Media’s initiative to reward their viewers goes beyond mere entertainment, as it reflects their deep appreciation for the unwavering support they have received over the past 35 years.
     “We will be awarding winners every week as a way of celebrating them as we mark 35 years in the business as we believe in encouraging business interaction and expression as it not only enhances customer satisfaction and well-being but also sparks innovative and fresh business perspectives,” he said.
    Startimes’ Head of Business Development and Marketing, Tamima Ibrahim reiterated the company’s commitment to providing high-quality content and continuously enhancing the viewing experience for their esteemed customers.
    She encouraged all Kenyans to participate actively in the promotion, assuring them that Startimes Media is firmly focused on delivering unparalleled entertainment and rewarding experiences to their loyal viewers.
    “Startimes Media extends its warmest congratulations to all the winners for their outstanding success. We applaud all the participants for their incredible creativity and making efforts in making this campaign a resounding success. Each submission added to the vibrant and adverse tapestry of our organization, ‘she said.
    In addition to the Recharge Buy and Win Promotion, Startimes Media recently introduced flexible subscription payment options, offering customers the freedom to choose between daily, weekly, or monthly payments.
     The pricing structure for both DTT (Digital Terrestrial Television) and DTH (Direct-to-Home) subscribers has been carefully designed to cater to various preferences and budgets.
    For DTT (Digital Terrestrial Television) subscribers, the daily Basic and Classic Bouquets are priced at Ksh65 and Ksh95, respectively. Those who opt for the weekly Basic and Classic Bouquets can enjoy the services for Ksh240 and Ksh360, respectively.
    Similarly, monthly Basic and Classic Bouquet subscribers will be charged Ksh649 and Ksh999, respectively.
    For DTH (Direct-to-Home) offering, the daily Smart and Super Bouquets provide customers with captivating content at Ksh110 and Ksh135, respectively. Weekly Smart and Super subscribers can relish the adjusted rates of Ksh380 and Ksh540, respectively. Monthly subscriptions for Smart and Super Bouquets will be priced at Ksh1059 and Ksh1599, respectively.
    The DTH decoder-only option is available for Ksh1799, while customers who choose to purchase the full kit can enjoy an enticing upgrade to the next best bouquet for a generous duration of 30 days, all at an affordable price of Ksh2999.
  • Mwananchi Credit Limited Shines at 2023 Pacesetter Awards, Winning Two Awards

    Mwananchi Credit Limited Shines at 2023 Pacesetter Awards, Winning Two Awards

    Mwananchi Credit Limited, a leading provider of logbook loans and asset financing, was a big winner at this year’s prestigious Pacesetter Awards Eastern Africa chapter that saw over 150 Leading firms and 10 professionals in Eastern Africa honored. The event gala dinner, held at the Weston Hotel Nairobi, saw Mwananchi Credit honored as a Pacesetter in Asset Financing and the Pacesetter in Enhancing Credit Access. These major international SMEs and Mid-sized firms International Award dubbed Pacesetter Awards recognized Mwananchi Credit’s unwavering commitment to expanding access to credit for individuals across the country. Their unique risk financing model has proven to be a game-changer in providing financial opportunities to a wide range of customers.

     

    The awards are organized by Jubilant Stewards of Africa a Non-Governmental Organization that champions improvement of living standards, social ethics, dignity and empowerment of communities.  It brought together firms from at least 10 countries in the Eastern Africa region including top SMEs and mid-sized top institutions from Kenya, Uganda and Tanzania among other countries. Pacesetters Award (PSA) is an annual Industry leadership Recognition program organized by Jubilant Stewards of Africa (JSA), a Non-Governmental Organization, to celebrate key industry leaders for their innovation, quality products and service delivery, job creation, exemplary leadership, growing the economy, and transforming the society. These awards are based on the economic and social impact rather than the balance sheet. Jubilant Stewards of Africa is dedicated to the improvement of living standards, social ethics, dignity, and empowerment of communities. As part of its Corporate Social Investment (CSI), JSA feels the need to encourage firms and individuals to take leadership in their respective industries and get them into pace.

     

    Expressing his elation at the award ceremony, General Manager Muriithi Gitonga expressed his gratitude and enthusiasm for Mwananchi Credit’s achievements.

     

    He said, “These awards hold significant meaning for us, as they symbolize our relentless pursuit of expanding credit access to everyone. Our focus on asset financing is also finally reaping rewards, solidifying our position as the preferred Asset Financing partners in the country. We are immensely grateful to God for our journey thus far.”

     

    The Pacesetter Awards recognized Mwananchi Credit’s exceptional performance and unwavering dedication to providing excellent financial solutions to their clients. With their logbook loans and asset financing options, the company has successfully established itself as a trusted partner for individuals seeking convenient and accessible credit.

     

    As a prominent financial institution, Mwananchi Credit has consistently demonstrated its commitment to meeting the diverse financial needs of their customers. They have continuously strived to offer flexible loan terms, competitive interest rates, and excellent customer service, making them a preferred choice among borrowers.

     

    “Pacesetters Awards considers a range of quantitative and qualitative aspects to determine and honor the winners. A novel survey model was initiated in 2020 for the hyperinflationary environment. The model has since been tested and it demonstrated its functionality, elasticity, and robustness. Furthermore, models in various industries such as the financial sector were remodeled to enhance their significance to the current environment, enhance quality and increase the objectivity of results,” said Jared Oundo, Executive Director of Jubilant Stewards of Africa.

    According to Jared Oundo, this year, Jubilant Stewards of Africa in partnership with the United SMEs Association of Kenya are organizing a Tech expo that will take place in Nairobi Kenya from the 3rd to 5th of November 2023. In addition, they are organizing a business trip for all award winners set for next year in either Singapore, Dubai, London, or North Carolina.

     

    Some of the new entrants in the 2023 Eastern Africa Chapter of the awards include Westland Laser Eye Hospital, MP Shah Hospital, Pekan Real Estates Ltd , Nyeri based – Modern Furniture Pacific, Tours and Travel firm – Spoton Vacations Ltd, Jambo Freight Tanzania, Pembe Flour Mills, Air Travel and Related Studies, Joy Millers, EM Primelands LtdThe Mimshack Homes Real Estate firm, AMG Realtors, Simpet Kenya Ltd- Creative Graphics design and corporate branding solutions provider,  Brett and Baileys Limited Tanzania, Eng. Martin David from Tanzania, Pekans Real Estates CEO Peter Kariuki as the most Inspiring CEO of the year among others.

     

    Most of the awardees have been conferred with other awards including the Top KPMG 100 Survey and other international awards. Notable firms that have featured in the Pacesetters Awards Eastern Africa Kenyan Chapter include; Telecommunication giant Safaricom, Ena Coach, City Walk, Avantis Insurance Agency, Certified Homes, Gotovate Africa Safaris Group, GMC place Kitengela, Automotive Doctor Motor Garage, Sung Timber, German Institute of Professional Studies and Joy Millers Limited. New entrants include; Jambo Freight Ltd Tanzania, inter consult Tanzania, Spik n Span Tanzania, and Raphael Logistics Ltd Tanzania.

     

    About Mwananchi Credit Limited:

    Mwananchi Credit Limited is a leading provider of logbook loans and asset financing solutions in Kenya. With a commitment to accessibility and customer satisfaction, they have established themselves as a reliable financial institution, meeting the diverse credit needs of individuals across the country. Mwananchi Credit is dedicated to expanding credit access and empowering customers with financial opportunities through their innovative risk financing model.