Category: BUSINESS

  • “Live Vivid, Let’s Vibe” Xiaomi Celebrates Xiaomi Fan Festival 2023

    “Live Vivid, Let’s Vibe” Xiaomi Celebrates Xiaomi Fan Festival 2023

    Xiaomi kicked off its annual ” Xiaomi Fan Festival” with the theme of “Live vivid, let’s vibe” on April 1st. The Xiaomi Fan Festival (XFF) event that celebrates Xiaomi’s founding anniversary of April 6th, 2010. This year marks the 13th anniversary of the company, and it’s also a special event for both Xiaomi and its community of dedicated fans worldwide. Throughout the festival, Xiaomi aims to reward Xiaomi Fans with exclusive discounts, promotions, activities, and giveaways.

     

     

    Great fun, Great gifts

    In Kenya, we are celebrating Xiaomi Fans Festival 2023 with various promotions and great giveaways. Xiaomi customers can win a fun novelty gift when they deliver their phone for repair at the Xiaomi service center or if they post photos taken with Xiaomi 12 or 12Pro with a watermark then post on social media and tag Xiaomi Kenya or if they follow all Xiaomi Kenya social media handles and share a screenshot. In addition to the fan festival giveaway, Xiaomi has discounted some devices – Redmi A1+ has been discounted by 5% and the Redmi 10A (4+128) comes at a discounted price and with a free pair of earphones. Check out Xiaomi Kenya social media pages to learn more.

     

     

     

    History of Xiaomi Fan Festival

    Xiaomi Fan Festival (XFF) is celebrated each year on April 6, the anniversary of Xiaomi’s founding, to show appreciation for the supporting fans of Xiaomi.

    The first XFF was held in 2012 in Mainland China when Xiaomi decided to launch an event to celebrate the two-year anniversary of its founding. 100,000 Xiaomi smartphones sold out in just 6 minutes and 5 seconds on that day. Outside of Mainland China, XFF was first held in India and Indonesia in 2015, and launched in European markets in 2018, beginning in Spain. Now XFF is available in more than 40 countries and regions around the world.

  • Farmers Urged to Do integrated farm management

    Farmers Urged to Do integrated farm management

    The Chief Executive Officer of the Pest Control and Products Board Dr. Esther Kimani advises:

    “Farmers need to do integrated farm management (IPM). Plant plants that repeal insects at the edge of fields or some rows in between. Remove disease or affected plant materials, bury them in a pit, or burn them. Encourage multiplication and Use beneficial insects that feed on pests, keep your field weed free for weeds to serve as hosts of some pests, regularly scout your field for pests and pest symptoms and only spray pesticides when you must. To prevent pest spread. Don’t wait for pests to build up before taking action. However, you can also establish a spraying regime in your IPM program to prevent pests from damaging your crops”

  • Willstone Stands Out as a Real Estate Developer of Choice

    Willstone Stands Out as a Real Estate Developer of Choice

    In Kenya, we have several real estate companies that have mushroomed to scramble for a piece of the lucrative cake.

    But one developer stands out and this is Willstone Homes.
    Willstone Homes are offering modern and contemporary living in Kenya, KENYATTA ROAD. These 4 BR Maisonettes with a Dsq, sit on a 50×100 plot of land. Ejidio Gitau is the director of Willstone Homes and in a recent press briefing, he is fully behind self-regulation of the industry.

    “It’s true we have some fraudsters in the sector maligning our good reputation. The best approach is for us to come together as an organization and police ourselves so that we can be able to eliminate the few bad elements. Under our organization of about 500 members, we will enact a policy framework that will win back public confidence in this sector. We as Willstone Homes are therefore in full support of this.” He noted.
    Willstone Homes have a very clean record of prompt delivery of it’s projects to clients. This is because Willstone sticks to the ethics and principles of integrity, trustworthiness, and customer satisfaction.

    Sasanews.co.ke wishes Willstone Homes success in whatever they shall do from now henceforth

  • Mizizi Africa Homes Laud Government’s Move To Set Aside Free Land For Private Developers

    Mizizi Africa Homes Laud Government’s Move To Set Aside Free Land For Private Developers

    Mizizi Africa Homes Chief Executive Officer (CEO), George Mburu has commended the Government’s move to set aside prime land for free to private developers which will help to significantly lower the overall cost of home ownership in Kenya.

    Mburu lauded the move saying it will accelerate the construction of affordable housing units and fix housing gaps by bringing more Kenyans into home ownership.

    “This will be a big relief for private developers as the cost of putting up units will reduce significantly since land takes up the largest share of construction costs and this is also dependent on the location of land,” said Mburu.

    The CEO added that the cost of land takes anything between 30-70 percent depending on the location and cost of the development and consequently, consumers will be the biggest beneficiaries as these reduced cost benefits are passed to the buyers.

    “The impact of this deliberate effort is huge with its ripple effects set to be felt across the real estate industry, manufacturing, and financial sectors in terms of increased activities and money circulation into the economy,” he reiterated.

    President William Ruto during the launch of the Listing of Laptrust Imara real estate investment trust (REIT) at the Nairobi Securities Exchange in March 2023, said County governments have already donated to private developers more than 4,000 acres valued at Sh30 billion for construction of affordable housing.

    Mburu noted that the move will also spur economic activities in the counties and open up sleeping towns to create more jobs for residents and income for the government.

    Kenya’s annual housing demand is estimated at 250, 000 units but the market has been supplying just 50,000 new houses every year, leaving an 80 percent deficit.

  • Matonda urges the Government to Establish Fund To Promote Exports

    Matonda urges the Government to Establish Fund To Promote Exports

    Former Kenya National Chamber of Commerce & Industry (KNCCI) Chief Executive Officer, Samuel Matonda has urged the national government to develop a fund that will boost Kenya’s export industry.

    Speaking during a public participation forum on the exports and investments promotion levy held at the Kisii Agricultural Training Center in Kisii town, Matonda said the introduction of the levy would be vital, noting that most developed countries have allocated funding to micro and small enterprises to enable them to add value to the local produce and develop their exports. He further said this is the best practice that needs to be emulated.

    “We produce a lot of agricultural crops, but we lose up to 40 percent during post-harvest thus any value addition which calls for funding should be considered, and that could be done through manufacturing where most of those products are for export,” he said.

    The Former CEO pointed out that Kenya has not fully taken advantage of international trade fairs, exhibitions, and World Expos to market the country’s export products due to a lack of dedicated and reinvested funds.

    Matonda said the fund would provide an opportunity for the development of exports including production, value addition, and packaging and further enable exporters, especially micro and small enterprises to showcase their products internationally thus benchmarking from other leading exporters.

    “The levy will also enable us to focus on import substitution with the products that are manufactured locally and increase the forex revenue,” he added.

    The Ministry of Investments, Trade, and Industry is conducting stakeholder consultation forums within the counties to receive comments from the public and stakeholders regarding the introduction of exports and investment promotion levies.

    The Ministry is also accepting written submissions from members of the public who are not able to physically attend the forum through the email address ps@industrialization.go.ke or through P.O Box 30418-00100 Nairobi by April 14, 2023.

    The proposed levy on certain import goods/products is expected to support local manufacturing and export development, incentivize investment by local SMEs, and contribute towards the reduction of the balance of payment deficit among other benefits.

    The levy will also complement other government policies and initiatives that are currently being implemented to promote local manufacturing such as Buy Kenya, Build Kenya initiative, National Industrialization Policy, and the Manufacturing Priority Agenda.

    Currently, Kenya has an untapped annual export potential of Sh. 450 billion which when fully exploited can create an additional 400,000 direct and indirect jobs, enhance our forex reserve and generate additional revenue for the exchequer.

  • Commodities set to go higher, Economy becomes tougher

    Commodities set to go higher, Economy becomes tougher

    Starting from March 5th April, following the agreement of the Excise Duty Excisable Good Management System Amendment Regulations 2023, prices of bottled water, and beer among 14 other products are set to increase.

    According to Cabinet Secretary Njuguna Ndung’u, In the regulations gazetted, new excise stamp fees were published

    This means consumers will have to dig deeper into their pockets to access the products, at a time when city residents and parts of the country are struggling to access clean water

    Bottled water will now have a new exercise stamp of 0.5 shillings per stamp while a 3 shillings per stamp fee was imposed on beers, ciders, and mixtures of fermented beverages.

    “In the list are products containing nicotine or nicotine substitutes intended for inhalation without combustion or oral application but excluding medicinal products approved by the Cabinet Secretary responsible for matters relating to health,” read the regulations in part.

    Spirituous beverages of an alcoholic strength not exceeding 6 percent and compounded spirits of alcoholic strength exceeding 6 percent were also included in the list.

    “Regulation 3 of the Excise Duty (Excisable Goods Management System) Regulations, 2017 hereinafter referred to as the principal Regulations, is amended by deleting paragraph (1) and replacing it with the following new paragraph.

    “Every package of excisable goods manufactured or imported into Kenya listed in the first schedule to the regulations shall be affixed with an excise stamp,” read the regulations in part.

    According to the new charges, cigars, cigarettes, and electronic cigarettes were the most affected with a new exercise fee of 5 shillings per stamp.

    Stamps for wines and spirits were also set at 5 shillings per stamp while those of other non-alcoholic beverages will be charged at 2.2 shillings per stamp.

  • Smoke Free Alternatives key in curbing tobacco smoking

    Smoke Free Alternatives key in curbing tobacco smoking

    Ground-breaking success in the fight to reduce the toll of cigarettes in Sweden could provide major benefits for the rest of the world – and save the lives of millions of smokers here in Africa. Dr. Michael Kariuki of the Harm Reduction Society notes.

    “Sweden has begun celebrating its imminent status as the first developed nation in the world to become officially ‘smoke-free.”

    This is under guidelines that classify countries as smoke-free when the proportion of their population that smokes is less than 5%.

    Every country in the European Union has been working towards reaching this milestone by 2040. Most are on track to miss the target, but Sweden will smash it by a staggering 17 years.

    The Swedes have secured this historic achievement by developing a specific policy formula towards modern alternative nicotine products such as vapes and oral pouches for smokers. They have made these products as accessible, acceptable, and affordable as possible to adult smokers.

    The results are remarkable, Fifty years ago, 49% of Swedish men were smoking regularly. In the last decade, smoking rates in Sweden halved and reached a record low of 5.6% in 2022. Soon, that figure will fall below the totemic 5%

    How was this achieved?

    For many years, Sweden was able to reduce its smoking rate slowly through education, tobacco control measures, and the use of snus – smoke-free, oral tobacco.

    https://www.euro.who.int/data/assets/pdf_file/0008/343376/20170428WHOTobaccoFreeGeneration-DRAFT09.pdf Library of Congress, Sweden: New Rules on Smoking in Public Places and Sale of Tobacco Enter into Force, 2019. Statistics Sweden, Use of tobacco and nicotine products (selfreported) by age, gender and year, National Public Health Survey, 2022.

    It was the introduction of modern tobacco-free alternatives – vaping in 2015, and next-generation oral nicotine pouches which followed in 2018 – that turbocharged their smoking decline. In the last decade, smoking rates in Sweden have fallen by an astonishing 55%.

    The impact on public health in that country is evident.

    Compared to the rest of the European Union, Sweden has 44% fewer tobacco-related deaths, a cancer rate that is 41% lower, and 38% fewer deaths attributable to any cancer.

    Last month, global experts in tobacco harm reduction published a report showing that, if every other country in the EU followed Sweden’s example in its approach to tobacco harm reduction, up to 3.5 million early deaths in Europe would be prevented in just one decade.

    So how can we achieve similar success in reducing Kenya’s smoking rates and enjoy the subsequent reduction in the burden on public health?

    Here in Kenya, we are on course to miss our Health Ministry’s target of 9.7% smoking prevalence by 2025.

    Smoking rates remain stubbornly high at 13%( MoH 2022) overall – despite strict restrictions, which include the prohibition of smoking in public places and mandatory health warnings on packaging.

    We must acknowledge that it is immensely difficult for smokers to quit their habit, even when they are desperate to do so.

    The Swedes recognized this and set about increasing the ability of adult smokers to switch to less harmful products.

    Here, our policymakers maintain a ‘quit or die’ approach to tobacco control which is patently failing as it ignores the fact that alternative nicotine products are much less harmful than traditional tobacco products.

    As part of this approach, the Kenyan Government classifies vapes and pouches as tobacco products and subjects them to the same high taxes and marketing restrictions that apply to far more harmful cigarettes.

    Ramström, L. (2020) “Institute for Tobacco Studies. Death rates per 100,000 attributable to tobacco Sweden and the rest of the EU in 2019. Compiled from The Global Burden of Disease Study”

    Snus Commission, Snus saves lives. A study of snus and tobacco-related mortality in the EU, 2017

    https://www.health.go.ke/wp-content/uploads/2021/07/Kenya-Non-Communicable-Disease-NCDStrategic-Plan-2021-2025.pdf

    This flies in the face of scientific evidence. Vapes and pouches do not burn tobacco, thereby dramatically reducing exposure to disease-causing chemicals. Global research shows that tobacco-free nicotine products are about 95% less harmful than cigarettes.

    For this reason, we believe that alternative nicotine products should be regulated uniquely within a framework that recognizes their potential to reduce the health burden associated with traditional tobacco products.

    The ‘Swedish Model’ is an example of tobacco harm reduction being used to drive down smoking rates and dramatically reduce smoking-related diseases.

    To beat smoking like Sweden, we urge our politicians to support harm reduction strategies and make smoke-free alternatives more affordable than cigarettes, thereby removing barriers to switching. Similarly, health professionals and smokers should be educated in the science involved, so that they can make informed choices.

    Kenya can – and should – benefit from Sweden’s successful switch to smoke-free status. Our policymakers must simply apply the same evidence-based solutions that have already started to save millions of lives.

    Public Health England, https://www.gov.uk/government/news/e-cigarettes-around-95-less-harmful-thantobacco-estimates-landmark-review

  • KTDA Foundation hands over Ksh 1.44 million library project to Gitugi tea factory

    KTDA Foundation hands over Ksh 1.44 million library project to Gitugi tea factory

    KTDA Foundation head Sudi Matara during the handing over of a library facility to Gitugi Tea Factory in Nyeri County. 

    KTDA Foundation in partnership has handed over a library facility to Gitugi Tea Factory in Nyeri County to help improve the quality of education provided to students in the area.

    The Ksh. 1.44 million project consists of a total of 3143 CBC curriculum books (grade 1- 6), readers, installation of CCTV cameras, and librarian facilitation. All books have already been purchased, cameras installed and a librarian has already been identified.

    The library building where this handover ceremony is taking place was built and opened by the KTDA Foundation in 2016.

    Students from nearby schools have been invited to participate in the handover ceremony.

    Commenting on this Sudi Matara, Head of KTDA Foundation said “Providing students in tea communities with quality education is one of the main pillars of the foundation. In addition to the library project, we have also set up reading tents for students in the community to boost their confidence and expand their minds.”

    On a daily basis, 20-25 students visit the library on normal school terms and 50-75 students during school holidays. With the addition of books and other facilities, KTDA Foundation hopes to see the number of students using this library increase.

    “One of the main aims of this library is to help students revise for their exams by providing the necessary books and past papers. We expect to see the number of students passing exams increase over time.” He added.

    Some of the other projects the Foundation has done in relation to the education pillar include; offering scholarships to needy but bright students, providing adult literacy classes for farmers, and training teachers and students in digital literacy through robotics and coding.

    KTDA Foundation has three other pillars including Health, Environmental Sustainability, and Economic Empowerment and it has worked on a number of projects to fulfill these pillars for example giving grants to farmer groups to help them set up small businesses, setting up medical facilities for farmers and providing farmers with climate resistant tea clones.

  • Business conditions decline at softer pace in March- Stanbic Bank

    Business conditions decline at softer pace in March- Stanbic Bank

    The Kenyan private sector economy continued to run in contraction territory in March, the latest survey data showed, as business activity and new orders decreased for the second month running amid rising prices and cash flow problems. However, the rate of declines lessened somewhat from the initial downturn in February, while businesses signaled renewed uplifts in employment and purchasing.

    Nevertheless, inflationary pressures underlying the deterioration in economic conditions remained exceedingly sharp, with around 30% of businesses reporting an uptick in purchase prices linked to problems accessing US dollars and a worsening of exchange rates. The latest increase in costs sent output price inflation to a five-month high, while related mentions of imported goods shortages led firms to seek safety stockpiles.

    The headline figure derived from the survey is the Purchasing Managers’ Index™ (PMI). Readings above 50.0 signal an improvement in business conditions in the previous month, while readings below 50.0 show a deterioration.

    At 49.2 in March, the headline index signaled a slight deterioration in business conditions at the end of the first quarter of the year and the second monthly contraction in a row. However, the rate of deterioration lessened notably from February, when the index dropped to a six-month low of 46.6.

    The softer decline in business conditions reflected weaker falls in both output and new orders during March. While many respondents continued to see demand fall due to high prices and a lack of money in circulation, others saw a recovery in customer orders, particularly from abroad.

    Sector data signaled that the latest contractions in output and sales were centered on wholesale & retail companies. By contrast, manufacturing, agriculture, construction, and services recorded expansions in both metrics.

    At the same time, the latest data signaled renewed rises in employment and purchasing in March, although growth in both cases was only mild. The rise in purchasing reflected some efforts to build inventories of inputs, as firms reported that difficulties accessing US dollars had led to a shortage of commodities and longer delivery times.

    Weakness in the Kenyan shilling against the US dollar meanwhile drove another marked increase in purchasing costs. Around 30% of firms saw purchase prices rise since February, with increased taxes and fuel prices also cited. Overall cost inflation remained among the highest seen since the survey began in January 2014, leading firms to raise their output prices at the quickest rate in five months.

    Finally, while the outlook for future business activity dropped to a three-month low in March, it remained strong and above the level seen throughout much of 2022. Firms often commented on plans to open new branches and increase capacity over the coming year, amid hopes that demand will begin to recover.

  • Introducing Samsung Galaxy A14 – A Phone For All Occassions

    Introducing Samsung Galaxy A14 – A Phone For All Occassions

    Samsung has announced the launch of the new Galaxy A14 featuring the latest innovation and technology that has become synonymous with Galaxy smartphones. This latest Galaxy A series comes with a large screen, an awesome camera, and all the essentials you need to stay connected. It looks and feels awesome as it delivers a truly special performance through its connectivity and design to give its users an overall amazing mobile experience at a great value.

    The Galaxy A14 features the tried and tested Galaxy signature design identity with a refined and polished camera deck. The flat linear camera housing seamlessly blends into the uni-body frame to complete the visually appealing silhouette. With a laser pattern back cover, the phone comes in beautiful colors that include light green, black, and silver.

    Awesome screen

    The Galaxy A14 boasts an enhanced, wider and sharper display with a 6.6” FHD+ large display and high resolution for immersive viewing. This is an improvement on the Galaxy A13 that it replaces, which had a 6.5” HD+ display.

    Awesome camera

    Each picture is captured with all its incredible details by the awesome triple-lens camera supported by the upgraded selfie camera. The 50MP main camera ensures that every detail comes alive in high resolution and you can snap the best of yourself with the 13MP selfie camera. Get a wider perspective and amazing details using the 2MP Ultra Wide Camera or capture the tiniest details, up-close and crisp with the 2MP Macro Camera.

    Large storage

    Enjoy the room to store more of everything you love with 4GB of memory and 64GB or 128GB storage. You can run more apps and save more of your favorite things with the Galaxy A14’s large and expandable virtual memory and storage. Save more photos, videos, music, and documents, and get up to 1TB of extra storage by simply sliding in a micro SD card.

    Longer-lasting battery life

    In life, once a moment has passed, it will never happen again – the Galaxy A14’s battery works tirelessly so you can savor all those priceless moments. You can certainly get more out of life with its 5000mAh capacity and longer-lasting battery. Be it shooting high-quality videos of the fun times or taking clear detailed pictures of yourself, your friends, or family, enjoying your music playlists, or streaming your favorite movies or shows, the Galaxy A14 lets you focus on doing just that and worry less about running out of battery power5, which runs strong for two days on a single charge.

    Privacy & Security

    Enjoy peace of mind in knowing that your device is safe and your privacy is protected with updates to the operating system and security features. Samsung provides 2 OS updates and Security Maintenance releases to maximize your experience with the latest features and the highest level of security.

    Availability

    Starting on 1st April 2023, the Galaxy A14 will be widely available in all Samsung dealer stores nationwide.