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Category: BUSINESS

  • LG Electronics Cut Home Appliances By 21 Percent Ahead of Easter Celebrations

    LG Electronics Cut Home Appliances By 21 Percent Ahead of Easter Celebrations

    Customers will be able to save between Kes 7,000 and Kes 50,000 on select refrigerators and washing machines.

    The move aligns with LGs unwavering commitment to providing customers with the latest technology at affordable prices, meeting their needs, and exceeding their expectations

    LG Electronics East Africa has announced price cuts of its home appliances by up to 21 percent ahead of the Easter season.

    This means customers will be able to save between Kes 7,000 and Kes 50,000 on select refrigerators and washing machines. The highest save is Kes 20,000 (21%) on an 8KG Front load washing machine.

    The price cuts, applicable on refrigerators and washing machines will apply between 27th  March 2023 to 7th May 2023 and are aimed at ensuring customers receive not only quality but also affordable appliances that will help them to live the life that they deserve.

    Giving his remarks while making the announcement, LG Electronics East Africa Managing Director Dong Won Lee said, “As we approach the Easter Holiday, this is our way of showing appreciation to our loyal customers and welcoming new ones into our family. We believe that everyone deserves to have access to quality home electronics and appliances, and we are committed to making that a reality by offering these price reductions. Besides, this move aligns with our unwavering commitment to providing our customers with the latest technology at affordable prices, meeting their needs, and exceeding their expectations. We encourage everyone to take advantage of these price reductions and experience the LG Electronics’ differences”

    Other washing machines with a reduced-price tag include the 15kg/8kg front load washer and dryer that will retail with a Kes 29,000 price cut, and the 12kg front load washer which has an 8% price cut tag (Kes 13,000) embedded on it.

    Refrigerators retailing with a reduced price within the discounted period include the Instaview door-in-door and also side-by-side 635L refrigerator that will retail at Kes 50,000 less, the side-by-side 634L refrigerator that will retail atb14.1% reduced price (Kes 40,000) and the Top Freezer 254 L Refrigerator that has a 10.8% reduced price tag (Kes 10,000) among others.

    The discounted products will be retailed across all LG Electronics brandshops and leading electronic stores country-wide.

  • LG East Africa Eyes Reals Estate Market with Energy Saving and Sustainable Innovative Solutions

    LG East Africa Eyes Reals Estate Market with Energy Saving and Sustainable Innovative Solutions

    ·         LG’s smart home solutions seek to enable more Kenyan homeowners to control their appliances remotely, using their smartphones or voice commands.

    ·         The move is anchored on LGs 2023 blueprint that seeks to create innovation for a better life and ensure a sustainable future for all.

    LG Electronics East Africa has today reaffirmed its continued commitment to reimagining the future of the real estate sector in Kenya with innovative solutions that are helping to shape the way people live and work.

    The move is anchored on LGs 2023 blueprint that seeks to create innovation for a better life and ensure a sustainable future for all.

    Speaking during the 2023 Kenya Property Developers Association (KPDA) Conference LG Electronics East Africa Commercial Air conditioning Sales Director Mr.Erick Kiprono said, “We are excited to be part of Kenya’s growing real estate sector, which presents immense opportunities for innovation and development. So far, our contributions to the Kenyan real estate sector have been focused on providing smart home solutions, digital signage, and energy-efficient HVAC systems, that have helped to create a more sustainable and connected environment for homeowners, businesses, and property owners alike. Moving forward we are confident that our innovative solutions can help transform the sector by providing not only energy-efficient but also comfortable, and technologically advanced homes and commercial spaces.”

    Recently, LG’s smart home solutions have enabled Kenyan homeowners to control their appliances remotely, using their smartphones or voice commands. This has helped to create a more energy-efficient and secure living environment, which is a key selling point for real estate developers and property owners.

    Some of the solutions include LG’s digital signage technology. This can be used in commercial real estate to create dynamic and interactive displays that can attract and engage customers. It seeks to serve retail stores, shopping malls, and other commercial spaces by providing a unique and immersive experience for customers.

    Additionally, LG’s energy-efficient HVAC systems have helped Kenyan property owners to reduce energy consumption and costs. These systems can be integrated with smart home solutions to provide greater control over temperature and air quality, which can help to create a more comfortable living or working environment.

    “Embracing innovation in property design and developments has been critical in providing our clients with the best real estate solutions,” said KPDA Chair Mr. Ken Luusa. ” Looking ahead, we look forward to LG’s innovative solutions helping us to optimize our properties for maximum ROI while providing a more comfortable and technologically advanced environment for our tenants.”

    According to the Built Environment Report 2023 by the Architectural Societies of Kenya, the Kenyan real estate industry recorded a bounce back in 2022 after two years of a sharp drop during the COVID-19 pandemic. The report finds that there was an annual 6.8% rise in property sales from March 2022, which resonates with findings from Kenya National Bureau of Statistics (KNBS) which recorded a 6.4% growth in the construction industry in the same period.

  • COCA-COLA Rewards First Winner With A Year’s Worth Of Food Shopping

    COCA-COLA Rewards First Winner With A Year’s Worth Of Food Shopping

    The Coca-Cola system in Kenya awarded the first winner with a year’s worth of food shopping in Nairobi.

    Kevin Mituga, a Saika resident in Nairobi was announced as the winner in the ongoing promotion.

    Speaking at the award ceremony, Kevin Mituga said, “It’s a once in a lifetime chance to be able to win a shopping voucher for me and my family. I participated at least seven times but was not lucky. I emerged victorious on the eighth chance. I urge Kenyans to continue participating in the promotion for a chance to win big.”

    The campaign, which runs for 12 weeks, offers consumers a chance to win over 50 million Kenya Shillings worth of prizes, including cash (mobile money), airtime, and shopping vouchers.

    To participate, consumers need to buy a 1L, 1.25L or 2L bottle of Coca-Cola, Fanta, or Sprite and check under the green cap for a code. They will then need to send an SMS with the unique code found under the green cap to 40111 for a chance to win instant prizes and be entered into a draw for more prizes. The SMS to 40111 is free.

    In addition to the grand prize of a year’s worth of food shopping other prizes include instant cash, airtime and shopping vouchers, enabling consumers to share meal moments with their loved ones. The promotion seeks to inspire Kenyans to continue enjoying meal moments together with a Coca-Cola.

    Grand prize winners will be contacted through a dedicated customer care number to be advised on their winnings. To take part in the competition, consumers must be eighteen years and above and registered users of Safaricom, Airtel & Telkom.

  • Huawei roots for Cloud and Solar Technology to scale up forest conservation

    Huawei roots for Cloud and Solar Technology to scale up forest conservation

    Huawei technologies has announced plans to scale up the use of cloud and solar technology to deepen environmental conservation at a time when Kenya is determined to expand the national forest cover to 10 per cent from the current 7.2 percent by 2030 by planting nearly 2 billion tree seedlings.

    Speaking at the Connected Summit in Kwale, Adam Lane, Huawei Kenya’s Deputy CEO Government Affairs, stated that modern technology is capable of boosting the overall conservation efforts with clear data that can be used for prevention of further destruction.

    “Artificial Intelligence (AI) -powered acoustics solutions deployed in tree canopies can detect the sounds of chainsaws and trucks associated with illegal logging in rainforests and send real-time alerts to rangers in the field,” he explained noting that while technology underpins nature conservation, suitable partnerships between technology players, conservationists and governments will deliver the results.

    In addition, infrared camera technology analyzed by cloud AI, for example, is helping to track and monitor species that are close to extinction. Lane pointed out that there is a clear growing momentum and buy-in from the conservation community to use more technology but also to develop and create new ways it can be applied. The appropriate deployment of technology will help ensure more sustained benefits from its application to achieve fair and effective conservation action

    This includes initiatives such as the use of AI and big data analytics powered by Huawei Cloud to monitor biodiversity and protect ecosystems around the world. By harnessing the power of sound, conservationists are able to track thousands of species globally and automatically detect the presence of illegal activities. It works by building weather-resistant sensors hidden inside different parts of the forest and upload all the sounds recorded to a cloud-based server and can detect illegal logging over a kilometer away.

    “For nature conservation, we must develop solutions that can understand the world’s ecosystems and form the basis of effective protective measures. With our partners, including the International Union for Conservation of Nature (IUCN), we have been developing solutions under our Tech4Nature and TECH4ALL initiatives to make this possible in ecosystems around the world, from rainforests, mountains, and plateaus to wetlands, rivers, and oceans,” said Lane.

    He also outlined the role of solar technology in boosting conservation efforts, stating that solar power can be a productive use of otherwise unproductive land such as hills or deserts. It is also capable of being used to provide affordable and green power to boost local industries and power irrigation for local agriculture.

    These include the range of Smart PV and Energy Storage Solutions, for residential and commercial usage, equipment like inverters and Energy Storage Systems (ESS) for households and Commercial & Industrial (C&I) solar solutions for enterprises, which contribute to reduced power consumption costs by as much as 30 per cent. As of March 31, 2022, Huawei had helped customers generate 535.9 billion kWh of green power, save 16.2 billion kWh of electricity, and reduce carbon dioxide emissions by 260 million tons, which was equivalent to planting 360 million trees.

    “Climate change has now become a huge roadblock for social development so we need to move faster towards low-carbon development and green growth models, protect the environment and promote green economic recovery,” said Lane.

  • Make your Story Eggciting at Achievers Paradise

    Make your Story Eggciting at Achievers Paradise

    Founder and Chief Executive Officer of Optiven Group George Wachiuri says

    “Experience the ultimate opportunity to achieve your dreams this Easter with Achievers Paradise by Optiven. Beautifully set in the heart of Kimuka, this exceptional project offers the perfect blend of convenience and serenity. Wake up to breathtaking sunrise views and enjoy the tranquil ambiance of Ngong hills.

    Choose from a range of residential and commercial plots that come complete with tarmac touch and an additional service lane at the back.

    And that’s not all! This Easter, Optiven is giving you an irresistible offer. For every deposit or installment payment of Kshs 500k, you get a fantastic shopping voucher worth 7k to make your Easter worthwhile.

    Call us today on 0790300300 or 0723 400500 to find out more.

  • Ichoho Crowned With Mandate To Steer Tea Reforms

    Ichoho Crowned With Mandate To Steer Tea Reforms

    Sasanews.co.ke is boldly confirmed and in reporting that the Chairman of Kenya Tea Development Authority David Muni Ichoho has been crowned with the mandate and responsibility to continue the exemplary work of steering the tea sector.

    In a colourful event on Saturday, the described by the community as a humble, down-to-earth and God fearing Ichoho received the elders blessings bestowing upon him the prestigious accolade.

    The ceremony was presided over by the Senior Most Kikuyu Elder respectfully referred to as Matûranguru accompanied by other elders including Mûthamaki Thiong’o wa Gîtaû.

    In his humble acceptance speech, Mr Ichoho vowed to continue with his reforms in the tea sector with the aim of improving the welfare of the farmer.

    Mr. Ichoho has been very keen to look for new markets as well as revamping the existing ones.

    He has also been in the forefront urging farmers to embrace diversification.

    Mr Ichoho has ensured among his work to have a timely distribution of the subsidized fertilizer so that the farmer can improve on his productivity.

    Matûranguru Njathi wa Mbatia in white alongside Mûthamaki Thiong'o Gîtaû (third left) witnessed the installation
    Matûranguru Njathi wa Mbatia in white alongside Mûthamaki Thiong’o Gîtaû (third left) witnessed the installation
  • Castrol And Rubis Energy Kenya Partner To Launch A Wide Range Of Castrol Oil Lubricants

    Castrol And Rubis Energy Kenya Partner To Launch A Wide Range Of Castrol Oil Lubricants

    Castrol and RUBiS Energy Kenya have partnered to launch Castrol oil lubricants products in Kenya. Castrol oils are readily available at the over 260 RUBiS Energy Kenya stations countrywide.

    Castrol has a wide range of oils and fluids suited for the various market segments including car, motorcycle and commercial vehicle engines as well as industrial, marine, technology and innovation applications.

    Speaking during the launch of the partnership, Ed Savage, Castrol Kenya – Country Manager said, “Globally, the Castrol brand is renowned for quality, innovation, and high performance. The brand has been redefining liquid engineering to ensure optimization of engines. The partnership with RUBiS Energy Kenya is timely as customers seek oil products that are designed to suit their everyday mechanical needs. Castrol will leverage RUBiS Energy Kenya’s countrywide footprint to ensure that customers are able to get the oil lubricants at all service stations countrywide.”

    He added, “Castrol also provides a ‘Car Engine Oil Finder tool’ to ensure customers are getting the right oil. The app makes it quick and easy for customers to have all options and make the right choice when it comes to oil. This supplements the owner’s manual and dictate’s the industry specification, type, and grade of oil the manufacturer specifies for the engine.”

    The engine oils cater for petrol, diesel, and transmission machinery.

    “In our journey to provide our customers with the best quality products and experience, we are strategically partnering with leading brands that are customer centric and offer quality products to our customers. Through our partnership with Castrol, customers will be able to access a wide range of premium quality lubricants,” said RUBiS Energy East Africa Group CEO and Managing Director for Rubis Energy Kenya, Mr. Jean-Christian Bergeron.

    He added, “Castrol’s world-class innovative products provide oils, fluids and lubricants for every driver, every rider, and every industry. As the exclusive distributor of Castrol Lubricants in Kenya, we will continue ensuring our customer’s oils and lubricants needs are fully met.”

    Castrol oil lubricants will be available at over 260 RUBiS Energy Kenya retail stations, all major lubricant distributors and wholesalers, franchise workshops and spares shops countrywide. The range of products includes Castrol EDGE, Castrol MAGNATEC, Castrol GTX, Castrol VECTON, Castrol CRB and Castrol Transmax fluids.

    Castrol, one of the world’s leading lubricant brands, has a proud heritage of innovation and fueling the dreams of pioneers. Castrol’s passion for performance, combined with a philosophy of working in partnership, has enabled the company to develop lubricants, coolants and greases that have been at the heart of numerous technological feats on land, air, sea and in space for over 100 years.

    Castrol is part of the bp group and serves customers and consumers in the automotive, marine, industrial and energy sectors. The branded products are recognized globally for innovation and high performance through our commitment to premium quality and cutting-edge technology.

  • Marketplace Africa explores Uganda’s plan to bring biotech to farms and fields

    Marketplace Africa explores Uganda’s plan to bring biotech to farms and fields

    In the latest edition of Marketplace Africa, CNN’s Zain Asher learns how Uganda is growing its economy through biotechnology in the agricultural sector.

    “We are prone to natural disasters. We all rely on Mother Nature and if the rains fail, then almost everything fails. And today as we talk, you find out there are other pests and diseases coming up and they’ve been quite detrimental to the environment. You have heard about one, the coffee wilt disease. With that, most production areas, most farms were decimated to 50 per cent back in the 90s,” according to Dr. Ambrose Agona, Director General of NARO [Uganda National Agricutural Research Organisation].

    With around 70% of the country’s working population engaged in agriculture, proponents of biotechnology are hoping these crops will be a growing part of Uganda’s future. According to Erostus W.N Nsubuga, CEO of AGT Group, “. Almost 40% of the food was being lost in the yields because of poor seed and different diseases coming into agricultural food. Tissue culture is a process technology technique you can use and produce plants which are pest and disease free.”

    AGT Laboratories is one of Uganda’s leading agricultural biotech companies, where the growth of plants is accelerated. Farm Manager of Wabiruko Farm, Seguya Isaac, explains “Now we have increased the size of the bunch we sell in the market. Before we could get a small bunch and a small cost. Here, when you sell 100 bunches, you are sure of 5 million. But before, you’d sell 200 or 300 bunches and you couldn’t make 5 million sale.”

    Even though the continent began experimenting with commercial biotech crops in 1998, it was in 2018 when a bill approving the sale of biotechnology crops commercially within Uganda passed, however it is still waiting on the president’s signature. According to Dr Ambrose, “Once we have laws that regulate what we do in terms of genetic engineering then I think the investments in crop improvement or lifestyle productivity will come down.”

    Despite the challenges, including infrastructure as it pertains to electricity, Nsubuga persists on growing Uganda’s economy with the use of biotechnology.

  • Democratizing Healthcare Access in Kenya with Mobile Technology

    Democratizing Healthcare Access in Kenya with Mobile Technology

    Taking care of your health and that of your loved ones can be quite expensive. With the current economic status in Kenya, out-of-pocket spending on healthcare can be a huge financial burden for a household to bear. But with a growing population, an increase in Non-communicable diseases (NCDs), and the emergence of new variants of diseases, healthcare remains to be a necessity rather than an option. Although significant strides have been made to improve access to quality and affordable healthcare, there is a lot to be done, to fast-track care access to the millions of underserved Kenyans, especially in low and medium-income communities.

    During the post-COVID-19 Pandemic, many Kenyans have been pushed into poverty due to out-of-pocket spending when receiving healthcare when they need to. Statistics read that 2 out of 5 Kenyans are unable to receive medication when they need it due to the high cost of treatment, in most circumstances, individuals are forced to sell off their assets to be able to afford care, which pushes even more Kenyans into poverty.

    7 years ago, M-TIBA sought to address part of this gap and enable access to affordable healthcare not only for individuals but also for SMEs who are our biggest contributors to the economy. Through innovation and technology, M-TIBA’s solution makes it more affordable for millions of Kenyans to access quality healthcare. Through developing a mobile technology solution that allows interaction between insurers, healthcare providers, and individuals, we have enabled accurate, transparent, and predictable information flow across the healthcare value chain, which has improved efficiencies and brought down the cost of care.

    For us, reshaping healthcare means creating opportunities for healthcare providers to expand their businesses and for individuals and groups to easily access quality and affordable healthcare services. For example, Cash Advance, a service for Healthcare Providers(hospitals)  by M-TIBA in partnership with the Medical Credit Fund (MCF)  to provide unsecured loans of up to Kes. 40 million shillings as working capital to private facilities, to help bridge the financial access gap they face.

    At M-TIBA, leveraging technology to streamline processes in healthcare access means being able to track expenditure, manage claims and other processes effectively allowing healthcare providers to focus on their core function, which is offering better care to their patients. For insurers and healthcare providers, digitizing the whole claim process goes a long way in reducing fraud, lowering administration costs, enhancing efficiency and ensuring payments are done on time, which brings down the cost of insurance administration, which is usually the core reason insurance has been significantly costly for many Kenyans to afford.

    Being able to help individuals manage their health plans by enabling them to decide on an insurance plan that is favorable to them, manage expenditure and track it (supporting accessibility in healthcare) is also part of the solutions we offer to empower individuals to access care conveniently, by leveraging the power of technology.

    Through digitizing all end-to-end systems in the healthcare value chain, we ensure that individuals, healthcare providers and insurers are able to interact quite easily, which has significantly translated into a much lower cost of accessing care for thousands of Kenyans every day. For us, it is not just about innovation and tech but also about creating impact, it’s about leveraging technology to democratise healthcare across the region, and to empower millions to access quality and affordable care whenever they need to, right where they are,  and we are quite enthusiastic to be building the future for healthcare.

    By: Managing Director Mr Moses G Kuria

  • French-Based OLEA Insurance Solutions Appoints New CEO for the Kenyan Subsidiary

    French-Based OLEA Insurance Solutions Appoints New CEO for the Kenyan Subsidiary

    Paris-based firm OLEA Insurance Solutions has announced the appointment of a new CEO.

    Mr. Anthony Wachira will replace the outgoing CEO, Herbert Ocholi, the founder of OLEA Kenya Insurance Solutions, effective 1st April 2023.

    Wachira has a solid and proven Kenyan and regional insurance market background. He joined OLEA Kenya in 2021 in a management position. Before then, he worked at Minet and Alexander Forbes. Some of his big wins were steering profitable growth strategies, while forging lasting relationships.

    OLEA Insurance solutions entered the Kenyan market in 2019 after buying a 40% stake in the Kenyan Koolridge Insurance Brokers. The acquisition came with a name change to OLEA Kenya Insurance Brokers.

    “The OLEA Insurance partnership was a great feat for our company,” said outgoing CEO and Founder, Herbert Ocholi. “As fate would have it, the Covid pandemic hit the world a few months later, and our company suffered the same devastation and loss of business as most businesses. But, we managed to survive due to our clients’ utmost confidence in us.”

    In Africa, OLEA Insurance Solutions has a footprint in 38 Countries 24 being subsidiaries and 14 correspondents.  The company recently made a foray into South Africa. Plans are also underway to open offices in Uganda later on this year.

    “Our continental spread allowed us to acquire business from international brokers who do not have a presence in Kenya. That, together with new business opportunities from local companies contributed to our ability to survive the Covid Pandemic devastation. Indeed, we can attribute our continued growth and success to the very same reasons,” concluded Mr. Ocholi.

    One of Wachira’s most significant tasks in his new role is to spearhead business expansion within the country. His focus, amongst other things, will be to identify and maximize new business opportunities in health products, aviation and the hospitality industry.

    Mr. Ocholi will transition to the role of the Executive Director of the OLEA Kenyan Board and the OLEA Group’s Technical Director for East Africa.