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  • Kenyan Private Investors Concentrate in Africa during Global turmoil, with World’s most Optimistic Outlook

    Kenyan Private Investors Concentrate in Africa during Global turmoil, with World’s most Optimistic Outlook

    Kenya’s wealthy fared better than the wealthy anywhere else in the world during the economic turmoil of 2022, retreating from international citizenships and foreign property in favour of Kenya and Africa as safe havens, according to the 2023 attitudes survey issued today with Knight Frank’s annual Wealth Report.

    The world’s Ultra-High Net Worth Individuals (UHNWIs) saw their fortunes slashed globally by 10 percent last year on a cocktail of post-pandemic property price falls, soaring energy prices, falling stock markets, and surging inflation and interest rates. The wealthy in Europe were by far the hardest hit, due to Russia’s invasion of Ukraine, suffering a fall of 17.3 percent in their fortunes.

    However, Africa’s UHNWIs saw the lowest losses, recording an overall drop of just 5 percent.

    Knight Frank’s Attitudes Survey of wealth managers also found that next to only Australasia, Africa delivered the highest proportion of clients who increased their wealth in 2022, at 64 percent, compared with the global average of 40 percent, and just 24 percent in the Americas.

    Liam Bailey, Global Head of Research and Editor-in-Chief of The Wealth Report at Knight Frank,
    said: “Nowhere in the world was immune from last year’s inflationary trends, or geopolitical risks.
    However, with the wealthy in Kenya and Africa less exposed to overseas property holdings and
    equity markets than HNWIs globally, their assets proved more resilient to the global disruption.”

    At the beginning of 2022, wealth managers reported that about 19 percent of the property portfolios owned by Kenyan HNWIs were held overseas, compared with an average of 32 percent of overseas holdings by HNWIs globally.

    In the year since, Kenyan HNWI’s overseas holdings have fallen further, to 11 percent, as they have actively exited foreign property markets.

    The stronger investment environment in Africa also combined with key changes to investor visas – including the UK’s closure of its Tier 1 investor visa scheme in February 2022 – to reduce the number
    of Kenyan HNWIs planning to apply for foreign citizenship, which fell to 11 percent in 2023, compared to 28 percent a year ago.

    Kenyan HNWIs favourite options for second home purchasing also shifted. Kenya remained the most
    popular choice, named as one of the top 5 locations by 60 percent of HNWIs, followed by the UK by
    50 percent and US by 40 percent.

    Canada also increased in popularity, with 25 percent of the HNWIs including it in their top 5 locations. But, European locations Sweden, Denmark and Monaco disappeared from Kenyan HNWI’s top choices, while Egypt and Tanzania emerged as new entrants.

    Mark Dunford, CEO Knight Frank Kenya, said: “In this general pivot away from international
    exposure and towards investment in Kenya and Africa, Kenya’s HNWIs are also the most optimistic in
    the world, with 50 percent expecting their wealth to increase by more than 10 percent in 2023. This
    compares with just 21 percent of global HNWIs expecting rises of the same level.”

  • Women Leaders Welcome Enhancement of Women Enterprise fund

    Women Leaders Welcome Enhancement of Women Enterprise fund

    Kwale Woman leader Nimusimu Mwasina has taken a moment to share with us her thoughts pertaining the importance of enhancing women participation and inclusivity in all spheres of our nation’s development.

    She says,

    “The month of March is specifically for women since, as women, we celebrate International Women’s Day on ever 8th of March.

    Women have indeed come out in a big way to claim their rightful position in both the socioeconomic as well as political sphere. Socially, women have gone miles to ensure they are recognized in the family circle and community at large. They do engage is socio-economic activities for instance table banking for gains socially, financially and economically. On the political sphere, women have moved ahead and are competing with men for political positions. We do have 7 female elected Governors; the Chief justice; the Registrar of political parties, several female Cabinet Secretaries and Principal Secretaries. Not forgetting that His Excellency the President of the Republic Dr William Ruto has appointed several women to champion leadership in their capacity as Chairpersons and Directors in State corporations.

    Meanwhile, we can see several women have been shortlisted for Cabinet Administrative Secretary and these women are going to square it out with men. Women are aggressively fighting for their space and they are making it. It can only get better.”

    Hon Nimusimu’s remarks comes a day after his excellency the President Dr William Ruto re-launched the women fund.

    The President acknowledged that Kenyan women had demonstrated their determination in entrepreneurship and noted that almost 97,000 women groups have been integrated in the Women Enterprise Fund, thus it was high time that “women were brought on board the technology platform in the lending of the money by the Women Enterprise Fund.”

    He reiterated that the remodelled WEF will no longer use Financial Intermediaries, rather funds will be released directly to women groups instantly thus eliminating the 45 days loan processing period. This will be implemented within the next one week, he announced.

    The President committed to increase the WEF allocation from Kshs.4.5Billion to 13.5Billion.

  • Huawei eyes Ksh 500 billion data center and cyber security market with new solutions

    Huawei eyes Ksh 500 billion data center and cyber security market with new solutions

    Huawei technologies has set a new trend for Africa’s Ksh 500 billion data centers and cyber security industries as storage and computing power becomes core strategic areas for organizations. Focusing on data center infrastructure innovation, the firm is leading the development of capabilities to process massive and diversified computing power in data centers and helping enterprises against cyber threats.

    Addressing the 5th Industry Digital Transformation Summit at the 2023 Mobile World Congress, David Wang, Huawei’s Executive Director of the Board, Chairman of the ICT Infrastructure Managing Board, and President of the Enterprise BG outlined the firm’s strategy, pointing out that digital technologies are expected to progressively affect the future – from the development of the world economy, through to global cultures, societies, and the environment.

    “Based on the requirements and pain points of enterprise network management efficiency, connection experience, data center (DC) security, and computing power, we have rolled out a new series of advanced solutions for to simplify these networks, with which DCs can build a solid network foundation, leading to the development of new DCs, and unleashing digital innovation”, he said.

    Wang’ added that digital technology is the right way to help industries go digital. Huawei, he noted, will focus on connectivity, computing, cloud, and other digital technologies. The firm will also continue inspiring innovation to drive industry digital transformation as organizations across the African continent deepen their investments in data centers and cyber security, with available statistics showing that it could reach Ksh 500 billion by end of 2026.

    With connectivity remaining crucial to digitalization and networks central to connectivity, the company will work with enterprises to build intelligent cloud-networks with cloud-network synergy, simplified architecture, and energy-saving features, thereby maximizing digital productivity and creating the ultimate experience.

    The new solution includes a smart campus which is designed to redefine campus networks and a Next-Generation enterprise flagship core switch called CloudEngine S16700. Others are an Easy Branch, the industry’s first simplified hyper-converged branch solution and Single Optix, the first end-to-end optical service unit (OSU) product portfolio.  

    The new range also includes the industry’s first multi-layer DC ransomware protection solution powered by network-storage collaboration, the industry’s first unified DC DR product portfolio featuring storage and optical connection coordination (SOCC),and CloudEngine 16800-X, which is the industry’s first DC switch designed for diversified computing power.

    For SMEs, Huawei also launched OceanStor Dorado 2000 and OceanProtect X3000, which are the industry’s first entry-level storage combination based on the active-active architecture.

    Through these solutions, government offices will get more efficient, and offer a better user experience for public services.

  • Veronica Maina wishes all women a happy international women’s Day

    Veronica Maina wishes all women a happy international women’s Day

    Senator Veronica Maina is very kind. Taking to her social media platform, the eloquent senator took a moment to wish all women a happy international women’s Day. She said.

    “Happy International Women’s day to all women . As we celebrate this day let’s ponder on the theme of the event DigitALL innovation and technology for gender equality. Technology is empowering and has the ability to open a wider space in economy and in sharing of information that can propel growth . No women should be left behind . Let’s catch up with the rest innovate , engage technological approach and open the that close circuit space around you !”

  • Huawei becomes first firm globally to use 5G in Diamond Mining

    Huawei becomes first firm globally to use 5G in Diamond Mining

    Huawei has made history and stretched its innovation streak to mineral extraction by using 5G technology to smartly connect all the equipment.

    Making the announcement at the ongoing 2023 edition of the Mobile World Congress, Xu Jun, Chief Technology Officer of Huawei Mine BU, said that the company is using its strengths in ICT technologies like 5G, cloud, AI, and IoT to develop smart mine solutions that are based on an industrial Internet architecture for customers in the mining industry worldwide. These solutions make mine production safer, more efficient, and more intelligent.

    In this instance, Botswana’s Debswana and Huawei jointly established the world’s first 5G-oriented smart diamond mine. Located in Jwaneng, it uses hardware equipment including base stations for a holistic digital transformation solution designed to support network upgrades to 5G cutting-edge technologies like autonomous driving.

    Debswana’s Head of Information Management Molemisi Nelson Sechaba explained that the new private network solution developed by Huawei provides stable connectivity for the company’s Jwaneng mine, connecting more than 260 equipment, including drilling rigs, excavators, heavy trucks, and pickup trucks. This enables interconnection between the mine’s production, safety and security systems.

    “Previously, our company had a system that had limited coverage, used public wireless frequencies and had less robust anti-interference capabilities. As a result, the mine’s different types of data could not be transferred stably in real time,” said Sechaba.

    According to Debswana, building on the success of the project in the Jwaneng mine deployed together with Huawei and Botswana local companies, in line with Botswana’s citizen economic empowerment program, the company plans to also deploy the smart mining solution in its Orapa, Damtshaa, and Letlhakane mines in 2023.

    Hon. Thulagano M. Segokgo, Botswana’s Minister of Communications, Knowledge and Technology commended the development, stating that

    Liao Yong, Vice President of Huawei Sub-Saharan Africa Region, added that being an economic backbone of several Sub-Saharan African countries meant that mining plays a significant role in their overall social and economic advancement.

    “We are expanding the degree of local partnership to accelerate mining digital transformation and create more value across the continent,” he noted.

  • Kenyan Private Investors Concentrate In Africa During Global Turmoil, With World’s Most Optimistic Outlook

    Kenyan Private Investors Concentrate In Africa During Global Turmoil, With World’s Most Optimistic Outlook

    Kenya’s wealthy fared better than the wealthy anywhere else in the world during the economic turmoil of 2022, retreating from international citizenships and foreign property in favour of Kenya and Africa as safe havens, according to the 2023 attitudes survey issued today with Knight Frank’s annual wealth Report.

    The world’s Ultra-High Net Worth Individuals (UHNWIs) saw their fortunes slahed globally by 10% last year on a cocktail of post-pandemic property price falls, soaring energy prices, falling stock markets, and surging inflation and interest rates. The wealthy in Europe were by far the hardest hit, due to russia’s invasion of Ukraine, suffering a fall of 17.3 percent in their fortunes.

    However, Africa’s UHNWIs saw the lowest losses, recording an overall drop of just 5 percent.

    Knight Frank’s Attitudes Survey of wealth managers also found that next to only Australasia, Africa delivered the highest proportion of clients who increased their wealth in 2022, at 64 percent, compared with the global average of 40 percent, and just 24 percent in the Americas.

    Liam Bailey, Global Head of Research and Editor-in-Chief of The Wealth Report at Knight Frank, said: “Nowhere in the world was immune from last year’s inflationary trends, or geopolitical risks. However, with the wealthy in Kenya and Africa less exposed to overseas property holdings and equity markets than HNWIs globally, their assets proved more resilient to the global disruption.”

    At the beginning of 2022, wealth managers reported that about 19 percent of the property portfolios owned by Kenyan HNWIs were held overseas, compared with an average of 32 percent of overseas holdings by HNWIs globally. In the year since, Kenyan HNWI’s overseas holdings have fallen
    further, to 11 percent, as they have actively exited foreign property markets.

    The stronger investment environment in Africa also combined with key changes to investor visas – including the UK’s closure of its Tier 1 investor visa scheme in February 2022 – to reduce the number of Kenyan HNWIs planning to apply for foreign citizenship, which fell to 11 percent in 2023, compared to 28 percent a year ago.

    Kenyan HNWIs favourite options for second home purchasing also shifted. Kenya remained the most popular choice, named as one of the top 5 locations by 60 percent of HNWIs, followed by the UK by 50 percent and US by 40 percent. Canada also increased in popularity, with 25 percent of the HNWIs including it in their top 5 locations. But, European locations Sweden, Denmark and Monaco disappeared from Kenyan HNWI’s top choices, while Egypt and Tanzania emerged as new entrants.

    Mark Dunford, CEO Knight Frank Kenya, said: “In this general pivot away from international exposure and towards investment in Kenya and Africa, Kenya’s HNWIs are also the most optimistic in the world, with 50 percent expecting their wealth to increase by more than 10 percent in 2023. This compares with just 21 percent of global HNWIs expecting rises of the same level.”

  • realme Announces Global Launch of realme GT3: Unleashing the World’s Fastest Charing Power 240W

    realme Announces Global Launch of realme GT3: Unleashing the World’s Fastest Charing Power 240W

    realme, the world’s fastest-growing smartphone brand, announced today at Mobile World Congress 2023 the global launch of the realme GT3 – its next-generation speed flagship with the world’s fastest charging power: 240W.

    Starting the first generation, the realme GT Series has represented realme’s most cutting-edge technology innovations, from the mind-blowing suitcase design on the GT Master Series to the true premium flagship realme GT2 Pro Series. Now the speed limit breaker – realme GT3.

    “realme was founded with the Dare to Leap spirit and the mission of empowering the young generation with leap-forward technology and design.” Chase Xu, Vice President of realme and President of realme Global Marketing, stated: “Entering its 5th year, realme is taking an even bigger leap forward by becoming the first brand to break through the industry’s glass ceiling. It demonstrates realme’s commitment to improving our market presence through innovative technologies and better connecting with our young audiences.”

    Figure 1Mark Wesley, Global product Communication Manager, realme, speaking during the 2023 MWC event.

    240W: World’s Highest Charging Standard

    With a ground-breaking 240W, the realme GT3 offers not only the fastest charging power ever, but it will also be the fastest charging power for years to come, as it has reached the maximum charging power possible under USB-C standards.

    In terms of user experience, 240W is the ultimate answer to battery anxiety. It accelerates smartphone charging to minutes and even seconds. Using 240W charging power, it only takes 80 seconds to charge the realme GT3 to 20% capacity. It only takes 9 minutes and 30 seconds to fully charge the device’s 4600mAh battery.

    Figure 2. Mark Wesley, Global product Communication Manager, realme speaking during the 2023 MWC event

    Full-fledged Battery and Charging Innovation

    As the first brand in the industry to mass produce 240W fast charging, realme has achieved a full-fledged innovation in everything from charging safety to battery longevity and to accessory compatibility.

    • Three industries’ first charging technologies.Starting with the charging architecture, the realme GT3 has three maxed-out charging chipsets to charge at the same time, resulting in a 98.5% improved transfer efficiency during charging. In addition, the realme GT3 comes with a custom 12A charging cable. The ultra-fast 12A cable provides the industry’s highest charging current. Furthermore, realme provides dual GaN charging technology. As a result, despite having 60% more power available, the 240W adaptor is at the same size of the 150W adaptor.
    • Maximized Charging Safety.One of the most difficult challenges for high-power charging is temperature control. The realme GT3 is equipped with a 6580mm²-large VC liquid cooling system that covers 61.5% of the battery and ensures efficient heat dissipation. To ensure maximum charging safety, the realme GT3 also includes a PS3 fireproof design, 13 temperature sensors, and 60 layers of safety protection. TÜV Rheinland has also certified the realme GT3 for a safe fast-charging system, making it the first product with 200W fast charging or higher to receive the certification.
    • Worry-free Battery Longevity. According to internal lab testing, the realme GT3 has an 80% lifespan after over 1600 charging cycles with 240W enabled, which is more than double the industry standard of 80% battery health after 800 charging cycles. GT3 also uses intelligent charging, which detects the user’s status and switches the charging status to travel mode, sleep mode, or in-car mode. Not only can the phone be powered on intelligently, but it also helps to preserve battery health and avoid overcharging.

    Pulse Interface Design: Re-imagine Smartphone Interaction

    Aside from the incredible 240W, the realme GT3 pushes smartphone design to new heights. The realme GT3 has a translucent window next to the camera module. Users will find a polished chipset deco, an NFC chipset, and the innovative Pulse Interface System with a C-shaped RGB lighting ring inside.

    Taking inspiration from gaming handsets, realme GT3’s Pulse Interface Design displays different light effects depending on the phone’s status. For example, when the phone is 20% charged, it will display a red breathing light effect; when it is charged to 21%-100%, it will display a purple breathing light effect; and when it is fully charged, the purple light will always be on. When there are incoming calls, the light flashes quickly. While receiving notifications, the lighting system will display a white colour; for a 10-second countdown before taking photos, the phone will display a blue, white, and orange colour beaming.

    The Pulse Interface System is highly personalisable, adding a fun and interactive element to the phone. Go to settings > wallpaper & design > breathing light, users can choose from 25 colour shades, 2 rhythm types, and 5 lighting speed modes for a personalised style.

    From Populariser to An Industry Leader

    realme is well-known for making cutting-edge technology available to young consumers. Fast charging technology is no different. With the realme X7, realme is the first to introduce 65W to the mid-range price point in 2020. With its GT Neo3, realme released the world’s fastest charging speed of 150W in 2022. And now, with the realme GT3, realme is setting new standards with an industry-leading maximum charging power of 240W. realme has progressed from a democratiser to a tribaliser, and now an industry limit-breaker.

    Aside from constantly seeking technological advances, realme is also democratizing fast charging at all price points. Counterpoint ranks realme first in fast charging penetration for product portfolios in the mid-to-high price range ($250-$399). realme also achieved a fast charging penetration rate of up to 85% in product portfolios under $250. realme intends to democratise fast charging even further by announcing during its global launch that 90% of its global product portfolio in 2023 will include fast charging of 33W or higher.

    The realme GT3 comes in a wide selection of storage variants to choose from, including 8+128GB, 12+256GB, 16+256GB, 16+512GB, and a special 16+1TB variant; Available in Pulse White and Booster Black two colour options, the global recommended retail price for realme GT3 will start from $649.

    About realme.

    realme is a global emerging consumer technology company disrupting the smartphone and AIoT market by making cutting-edge technologies more accessible. It provides a range of smartphones and lifestyle technology devices with premium specs, quality, and trend-setting designs to young consumers at affordable prices.

    Established by Sky Li in 2018 and driven by its “Dare to Leap” spirit, realme has become one of the top 5 smartphone players in 30 markets globally in just three years, and realme has entered 61 markets worldwide, including China and Southeast Asia, South Asia, Europe, Russia, Australia, the Middle East, Latin America, and Africa, and has a global user base of over 140 million.

  • SAMSUNG Electronics Announces The Global Launch Of The Galaxy S23 Series

    SAMSUNG Electronics Announces The Global Launch Of The Galaxy S23 Series

    Samsung Electronics Co., Ltd., today announced the global availability of its industry-leading Galaxy S23 smartphones following impressive preorder results.

    Preorders for the previous year’s Galaxy S22 series had already been a great success, with numbers more than double that of the Galaxy S21 series within the first week. This year, preorder results were even higher than those of the Galaxy S22 series, with 60% of consumers opting for the most premium Galaxy S23 Ultra.

    “The great momentum we’re witnessing speaks to customers’ excitement about products that push the envelope and give them the freedom to express themselves creatively,” said TM Roh, President and Head of Mobile eXperience Business at Samsung Electronics. “This year’s preorder numbers echo our customers’ strong trust in our brand and demonstrate how our commitment to ground-breaking innovation and sustainability continues to resonate with consumers.”

    Led by the Galaxy S23 Ultra with its new 200MP Adaptive Pixel sensor and iconic embedded S Pen, the Galaxy S23 series also featuring the Galaxy S23+ and Galaxy S23 represents a new era of Samsung’s ultimate premium phone experience. The Galaxy S23 series features epic cameras that give users more freedom to explore their creativity, the world’s fastest mobile graphics thanks to the Snapdragon® 8 Gen 2 Mobile Platform for Galaxy, and a striking design that advances the company’s sustainability commitments with more components made using recycled materials than in any other Samsung Galaxy smartphone.

    “As a business, we are looking to increase inclusivity and affordability for our consumers so that they can acquire the Galaxy S23 Ultra, S23+ and S23 devices and one of the ways we are doing this is through strategic partnerships with finance partners. We already have a working agreement with KCB and Safaricom as the first two official device financing partners and are working on getting more partners on board to allow more Kenyans to acquire our devices at a pace that works for them. These strategic partnerships are what we believe will shape the device acquisition landscape in Kenya” said Samsung Director of Mobile Experience East Africa, Mr Charles Kimari

    Samsung Galaxy S23 series also unlocks the next level of mobile security with Samsung Message Guard. This powerful sandboxing tool preemptively protects against zero-click exploit attacks. This is a new kind of cyberattack where just receiving an image can compromise a device – even without the user’s interaction. Samsung Message Guard acts as a virtual quarantine, trapping harmful images and ensuring you receive safe images. Find out more about Samsung Message Guard at [www.samsungmobilepress.com/feature-stories/samsung-message-guard-protects-you-from-new-and-invisible-threats].

    Starting on February 17, 2023, the Galaxy S23 Ultra, Galaxy S23+, and Galaxy S23 will be widely available through carriers and retailers, and on samsung.com, in four nature-inspired matte hues: Phantom Black, Cream, Green, and Lavender. The devices are also available in a variety of unique, online exclusive colors, only available at Samsung.com. The Galaxy S23 Ultra is available in Graphite, Lime, Sky Blue, and Red. The Galaxy S23 and S23+ feature two online exclusive colors, Graphite and Lime.

    Samsung is also launching an eye-catching 3D billboard campaign to celebrate the launch of the Galaxy S23 series. The campaign highlights the design of the Galaxy S23 series inspired by the planet, with striking visuals. First kicking-off in Seoul, the campaign will roll out in other global cities around the world over the coming weeks.

    For more information about Galaxy S23 series, please visit: www.samsungmobilepress.com, news.samsung.com/global or www.samsung.com/global/galaxy/.

  • Mau Mau Governing Council Condemn Same-Sex Unions Recognition

    Mau Mau Governing Council Condemn Same-Sex Unions Recognition

    As the debate on the legality of the Supreme Court verdict that okayed same-sex unions rages on, Mau Mau Governing Council has come out to openly Condemn and castigate the apex court’s ruling.

    Mr. Wambugu Githaiga is the secretary general of the Mau Mau Governing Council and he says:

    “As elders and indeed remnants of the freedom fighters we want to Condemn in totality any efforts to recognize and legalize same-sex marriages. This is because such a move goes against our cultural norms as well as Christian Teaching. We, therefore, distance ourselves from such,” Mr. Wambugu Githaiga noted.

    He at the same time called upon the Government of Dr. William Ruto to take charge and avoid such pronouncements coming from the third arm of his government.

    “If the international donors are pushing us to toe the line so that we can receive foreign aid, we would rather stay without it,” Mr. Githaiga said when he lead a group of Mau Mau remnants in condemnation of the act

    Already the Government through the Attorney General has challenged the Supreme Court ruling.

  • Echo Network Africa Launches Campaign Against Cyber Bullies

    Echo Network Africa Launches Campaign Against Cyber Bullies

    Echo Network Africa (ENA) on Tuesday convened a Pre-International Women’s Day event that
    discussed the theme “Digital: Innovation and Technology for Gender Equality”.

     

    The event was aligned with the priority theme for the upcoming 67th Session of the Commission on the
    Status of Women (CSW-67), “Innovation and technological change, and education, in the digital age for achieving gender equality and the empowerment of all women and girls.”

     

    ENA also launched a campaign dubbed STOP Cyber bullies Now to end cyberbullying.

    Experiences on cyber and social media bullying meted out to women and girls will be shared
    together laws/policies for making technology work for women.

    What is cyberbullying?

    Cyberbullying is bullying with the use of digital technologies. It can take place on social media, messaging platforms, gaming platforms and mobile phones. It is repeated behaviour, aimed at scaring, angering or shaming those who are targeted.

    Examples include;

    Spreading lies about or posting embarrassing photos or videos of someone on social media, sending hurtful, abusive or threatening messages, images or videos via messaging platforms and impersonating someone and sending mean messages to others on their behalf or through fake accounts.

     

    Face-to-face bullying and cyberbullying can often happen alongside each other. But cyberbullying leaves a digital footprint – a record that can prove useful and provide evidence to help stop the abuse.

    Speakers at the event who included but not limited to Kirinyaga Governor Anne Waiguru and ENA GCEO Dr Jennifer Riria said it was about time the trend of cyber bulling stopped especially to women internent users.

    Waiguru who also doubles up as the Council of Governers Chair officially launched ENA’s #stopcyberbulliesnow Campaign #stopcyberbulliesnow.