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  • Unclaimed Financial Assets Authority (UFAA)Launches New Digital Platform for Efficiency as Sh241 Billion remains Unclaimed

    Unclaimed Financial Assets Authority (UFAA)Launches New Digital Platform for Efficiency as Sh241 Billion remains Unclaimed

    UFAA Management Team/ Photo Courtesy

    Unclaimed Financial Assets Authority (UFAA) has launched a new digital platform to facilitate easier filing, processing and disbursement of funds and assets.

    UFAA Chairman Richard Kiplagat said that the monies in the trust are invested in the government to ensure there is no risk.

    Kiplagat said that UFAA looks forward to doubling the number of claims for reunifying.

    The authority said that it aims to provide customer-friendly services and to make their service available in Huduma Centers across the country.

    He said the authority intends to do away with manual filing of claims to facilitate easier processing and disbursement of unclaimed financial assets in cash, bonds, stocks and other financial assets.

    The Authority is also deploying an online holders’ reporting and surrenders system that will make it easier for holders to submit and surrender unclaimed financial assets in their possession.

    UFAA Chairman said that the authority will be working with the office of the Auditor-General to facilitate audits of public sector agencies on compliance with unclaimed financial assets reporting and surrender.

    UFAA is an authority created under the Unclaimed Financial Assets Act, No 40 of 2011 to administer unclaimed financial assets. UFAA’s primary focus is to receive unclaimed financial assets from the holders, safeguard the assets and reunite the assets to their rightful owner.

    A baseline survey report on the current state of unclaimed financial assets was released by Unclaimed Financial Assets Authority (UFAA) has revealed that the current unclaimed financial assets in the country are estimated at Sh241,105,748,942.

    The survey which was conducted to determine the number of holders and estimate the volume of unclaimed financial assets held by each holder and cumulatively across all sectors in the country showed that the current estimated unclaimed financial asset holders who include institutions in the country are 477,112.

    Announcing the findings of the survey in Nairobi, UFAA Chief Executive Officer, Mr John Mwangi, explained that the Authority’s mandate is to bring closure to ‘lost and found’ financial assets, receive unclaimed financial assets, safeguard and re-unite the assets with their rightful owners, who at times are not aware of their abandoned treasure.

    “UFAA’s performance is based on the number of claimants re-unified. So far the Authority has collected a total of Sh20.3 billion in cash, Sh1.2 billion unit of shares, received 6,000 claims and issued Sh1 billion payouts in 2021,” said Mwangi.

    He expressed that the Financial Services Sector has the highest holding of approximately 62 per cent of the total unclaimed financial assets and the projected unclaimed financial assets over the next 5 years is estimated at Sh156 billion.

    Explaining that financial assets are declared unclaimed when there is no active involvement by users for a period of 2 years, the CEO said the unclaimed money by the Authority is invested in government securities so as to accrue interest that is channelled to unclaimed Assets Trust Fund.

    “UFAA is urging all citizens to claim their financial assets and that of relatives by dialling a short code of *361# or visiting their website,” said Mwangi.

    He said the code will help citizens find out whether they have unclaimed financial assets as an original owner or on behalf of a minor, business entity and deceased persons.

    In his remarks, UFAA Chairperson, Richard Kiplagat, announced that the Authority has introduced Unclaimed Financial Assets Management (UFAM) System that is designed to facilitate easier filing, processing and disbursement of unclaimed assets through the internet, as well as provide compliance services where UFAA can carry out audit procedures to holding institutions.

    “The reunification process has been made easier through the self-service UFAM system to allow a claimant to search for an asset, file a claim, download the required documents and track the claims,” said Kiplagat.

    The Chairperson said to favour those with no access to the internet, UFAA has partnered with Huduma Kenya to make asset claiming services available in all Huduma Centers across the country.

    “Through a partnership with government entities and technology companies, the Authority will continue with sensitization efforts that help target holders and claimants increase declarations to the authority and re-unification of unclaimed financial assets,” he said.

    Kiplagat further urged all institutions that are holders of unclaimed financial assets to submit reports of unclaimed finance that they hold before November 1, 2021.

  • Arrested for selling heroin in Mwingi town

    Arrested for selling heroin in Mwingi town

    Three suspects were Monday night arrested in Mwingi town after they were found selling narcotic drugs including heroin.

    The suspect’s John Musya, Paul Mumo and, Julius Musya all aged between 23-24 were arrested as they hawked the highly addictive illegal drug that was carefully concealed in seven sachets.

    Over 10 rolls of bhang were also recovered from the suspects, who had contravened curfew orders to ply their illegal trade in Mwingi town.

    According to the Directorate of Criminal Investigations, the suspects sell the illegal drugs to twilight girls who moonlight in the busy town.

    The suspects were placed in custody pending arraignment in court for being in possession and trafficking in narcotics.

    Meanwhile, a 29-year-old man committed suicide on Saturday night at deliverance court in Umoja estate, following a disagreement with his wife over an unknown issue.

    His wife had made good an earlier threat to quit their marriage, despite him pleading that she doesn’t desert him.

    After the argument, the woman is reported to have packed her belongings and gone back to her parent’s home in Dandora.

    The man only identified as Brayo was so heartbroken that later in the night, he wrote a text message to his estranged wife informing her that he had left her the world, ‘nimekuwachia Dunia.’

    Worried, the woman tried to call him frantically to dissuade him from taking his life but the man’s phone went unanswered.

    Overwhelmed by emotions, she returned to the house early Monday morning accompanied by Brayo’s brother to check on him, only to be confronted by his lifeless body lying on the bed.

    Bray had taken a poisonous substance that killed him instantly.

    Scene of Crime detectives documented the scene and moved the body to Mama Lucy Lucy’shospital mortuary awaiting postmortem.

  • Naivas Foodmart Partners with Africa’s e-commerce leader for a better shopping experience

    Willy Kimani, Chief Commercial Officer, Naivas (left) with Kenneth Oyolla, Chief Commercial officer

    Jumia Kenya have sealed a strategic partnership with Naivas Foodmart to give consumers a better shopping experience with access to a wider range of products when shopping online as shopper now is mobile driven, using mobile to do his/her shopping, using their smartphones more frequently to place orders.

    Kenya’s’ Leading retailer Naivas supermarket has inked a strategic partnership with Africa’s e-commerce leader and Kenyas number one Jumia, to give consumers a better shopping experience with access to a wide range of products.

    Customers or Consumers who will benefit immediately are those within or along Ngong Road, Community Area, Hurlingham, Mbagathi, Kileleshwa and Lavington areas will now be able to order from Naivas Foodmarket (Prestige) on Jumia Food for a wide range of products.

    Chief commercial officer has hinted that its a best way to create opportunities and make products delivery easy to customers and that’s the reason they’ve been able to partner with Jumia.

    “We want to make fewer trips to the stores and our aim is to serve Kenyans at every possible opportunity by providing a mobile experience that makes it as easy as possible for them to acquire products as quickly as possible at their own convenience,” said Willy Kimani, Chief Commercial Officer, Naivas Foodmarket.

    He also added that Today’s online shopper is mobile driven, using mobile to do his/her shopping as its using their smartphones more frequently to place orders.

    Willy Kimani, Chief Commercial Officer, Naivas (left) with Kenneth Oyolla, Chief Commercial officer

    On the other hand Jumia commercial boss stated that the partneship will assitt and promote a contact-free shopping exprience. “The partnership will enable shoppers a contact-free shopping experience as we ensure that everything the consumer wants is delivered to their doorstep.” said Kenneth Oyolla, Chief Commercial officer, Jumia Kenya.

    The partnership will first feature Naivas Food Market at Prestige Plaza along Ng’ong road, before rolling out to its other outlets nationwide. Naivas enjoys a strong market share in the region, with over 70 branches in Kenya as the now the retail giant is banking on its wide variety of products and affordable price offering and its large customer base, to make the online venture successful.

    Willy Kimani, Chief Commercial Officer, Naivas (left) with Kenneth Oyolla, Chief Commercial officer

    Now its evident that Customers can now begin shopping for Naivas Foodmart in wide range of products on Jumia, through regulary visiting there website or online forum to oder and get the products delivered instantly and friendly through https://www.jumia.co.ke/

  • Liverpool’s transfer window rated and slated: Assessing Jurgen Klopp’s summer business

    Liverpool’s transfer window rated and slated: Assessing Jurgen Klopp’s summer business

    Liverpool’s quiet summer transfer window was well documented as they look to wrestle back their Premier League crown.

    The Reds’ resources came under the spotlight last term as defensive injuries took apart their backline.

    In response Ibrahima Konate arrived from RB Leipzig but the centre-half remained the only marquee signing.

    Jurgen Klopp has been happy to prioritise continuity over fresh faces with Liverpool’s XI largely maintaining the same look for several years now.

    Critics have argued that the Reds missed a trick in not being more aggressive in the transfer market.

    The departure of Gini Wijnaldum certainly leaves a sizeable hole, but Klopp has backed youth to fill the void.

    We take a look at the club’s summer dealings.

    All three found themselves sidelined for lengthy periods which left Klopp light at the back.

    He raided the Bundesliga outfit to sign Konate, a man who had long been on his radar.

    The Frenchman looks ready made to suit the Premier League and has had Champions League exposure, which will also be a plus.

    Klopp will now have to settle on a centre-back pairing as there will be a reluctance to keep chopping and changing.

    It means Konate may find himself as a sub more often to start with before he looks to assert himself, potentially at Joe Gomez’s expense.

    Losing a player of the Dutchman’s calibre is never easy, but having to go on without a replacement just deepens the blow.

    It became apparent around the New Year that Wijnaldum was unlikely to sign a new deal but he continued to be a regular.

    Harry Wilson has already scored for new club Fulham

    Eventually he left for PSG and Liverpool opted against adding a replacement.

    Now Klopp is lucky enough to have a host of options at his disposal in the middle of the park and Harvey Elliott is set to be the big winner.

    Nevertheless, Wijnaldum has been a crucial part of Liverpool’s success and letting him go without adding someone of similar quality may prove costly.

    It was something of a double edged sword this.

    Wilson had proven at Bournemouth that he was capable of playing top flight football, having impressed on loan.

    Last season he again headed away, this time to Championship side Cardiff City, and has now moved to Fulham.

    If Wilson were going to be handed a first team run you’d have thought Klopp would’ve done so by now.

    Failing to do so perhaps suggested he was happy to look elsewhere, and getting north of £10m for him represents good business.

    The Swiss star headed to Anfield on a free and has proved to be a good squad player, so whatever decision Liverpool made was going to be a good one.

    Shaqiri’s two goals against Manchester United in 2018 will ensure he lives long in the memory of the Anfield faithful.

    The 29-year-old has moved to Lyon for just shy of £10m.

    Lyon have signed Xherdan Shaqiri ( Image: AFP via Getty Images)

    Opportunities were set to be few and far between so there was a willingness from the player to move on and the cash from his sale helped counteract the investment in Konate.

    The likes of Ben Davies, Rhys Williams and Sepp van den Berg have all headed to the Championship on loan.

    Sheffield United, Swansea and Preston have been the three teams to profit – and Liverpool will hope to do so in the long-term.

    Williams penned a new deal before he left and there may well be long-term hopes for the defender.

    Davies was signed last year but is yet to play. That said, if a loan move can increase his resale value Liverpool will consider that good business.

    The same can be said for Van den Berg, who has already scored twice in seven games.

  • Universities be centers of peace building

    Universities be centers of peace building

    Universities and other institutions of higher learning have been dubbed as game changers in the country’s politics as they hold the potential to eliminate the tribal divides during electioneering periods.

    Ministry of ICT, Innovation and Youth Affairs Cabinet Secretary (CS) Joe Mucheru said that universities have been referred to as the melting pots of cultures since this is where ideas are hatched, where intellectuals infuse their ideals to the next generation of leaders and where different cultures come together as one in search of enlightenment and this citadel should therefore be the model for peace in the country.

    Speaking on Friday at the University of Nairobi (UoN) during the closing ceremony of the first National student’s convention on youth peace and elections, Mucheru said that he is particularly encouraged that the project brings young people from across the tribal and political divide, to not only promote dialogue and peace, but also to develop cohesive and resilient relationships that promote mechanisms to resolve conflict peacefully.

    “This is what we need as a country: preaching peace and unity rather than politics of division. I am proud of the work that the Universities and Colleges Students’ Peace Association of Kenya (USCPAK) is doing under the Executive Director Allan Chacha and the fact that they are bringing the youth together and discussing peaceful elections just 11 months to the election,” said Mucheru.

    The CS urged the youth to take advantage of their numbers to make a difference for themselves and for this country saying… “I also take this opportunity to challenge you to seek elective office so that you can embark on the journey of making meaningful gains for yourselves and your country. You have the largest stake in this country as you constitute 75.1 per cent of our population. It is your time to take the mantle of leadership.

    “I encourage you to read the biography of Tom Mboya, who at 29 was recruited by Martin Luther King Junior and was in John F. Kennedy’s election team. You will see that there is no better time than now to wake up and heed the call for leadership,” said Mucheru.

    The Cabinet Secretary said that with Kenya having the best internet connectivity in Africa, having a youthful population and the innovative nature of Kenyans, the country is set to take off and get to the levels of Malaysia and Singapore.

    The CS said that the Ajira digital programme right now has over 1.2 million young people working and that number can rise to even 10 million because the demand they are getting from Korea, Singapore, USA and Australia among others is very high.

    “We want to create awareness on these job opportunities and that is why we are building Ajira youth empowerment centers across the country so that the youth can go there and be able to have access to machines and internet and work online,” said the CS.

    USCPAK Executive Director Allan Chacha said that there is a lot of tension between the police and students and as a way of mending the strained relations, they have planned a series of clean-ups in police stations together with the police so that they can interact and defuse the tension.

    “We are tired of being given small money and being incited to harm our fellow youth, the only complaining that we will do is at the ballot box,” said Chacha.

    He said that they were championing the Mwanafunzi Investment Trust Fund because the students say that the reason they are used to cause chaos is due to lack of a source of income before and after graduating making them vulnerable to misuse.

    “The initiative is aimed at encouraging the youth to save and invest. The proposal we have is that if a student is able to save even Sh100 per month then that in itself can be used as collateral instead of being asked for a title deed while accessing a loan from financial institutions,” said Chacha.

    IEBC Acting Director for Voter Education, Partnerships and Communications Amina Sudi said that they would carry out an aggressive voter registration and they have agreed with the universities that the institutions will be used for voter registration.

    “We are going to have an open voter registration for our university students where they will register at their universities and be allowed to vote at their respective home areas,” said Sudi.

    “As young people, I urged you to go out and say what you want to say using the ballot, you don’t have to shout or go to the streets, you have a weapon to use kindly use it wisely,” she said.

    University of Nairobi Dean of Students Johnson Kinyua said that university students in their hundreds of thousands deserved a seat in Parliament which would see their issues articulated in the way they deserve.

    Kinyua called on the IEBC, Parliament and the Judiciary to look at ways this could be actualized legally.

  • Why the next 10 years of hot songs will smash the last 10

    Why the next 10 years of hot songs will smash the last 10

    The 11 worst music notes in history. Why your music app never works out the way you plan. How to start using popular songs. Why the next 10 years of billboard alternatives will smash the last 10. What everyone is saying about popular songs. How latin instruments are making the world a better place. Why music scores will make you question everything. 7 insane (but true) things about rock bands. 13 ways country billboards are completely overrated. Why you shouldn’t eat summer music festival in bed.

    What experts are saying about music festivals. If you read one article about country billboards read this one. How billboard alternatives made me a better person. How to start using summer music festivals. Why the world would end without hot songs. An expert interview about live shows. 10 things that won’t happen in billboard music awards. 18 facts about music notes that will impress your friends. 7 podcasts about best rock songs. Music scores in 13 easy steps.

     

    Will summer music festivals ever rule the world? Why our world would end if radio stations disappeared. 18 things your boss expects you know about top new songs. Why mom was right about latin instruments. Expose: you’re losing money by not using music apps. Why live shows beat peanut butter on pancakes. The 20 best resources for billboard alternatives. How hot songs can make you sick. 14 ways top country songs can make you rich. How to cheat at music videos and get away with it.

    What the world would be like if radio stations didn’t exist. How hollywood got music apps all wrong. 14 ideas you can steal from pop music books. The 20 best resources for concert tickets. What everyone is saying about top country songs. What the beatles could learn from best rock songs. Why jazz coffee bars are on crack about jazz coffee bars. How twitter can teach you about dance playlists. The evolution of music videos. Expose: you’re losing money by not using billboard alternatives.

     

    What the beatles could learn from free songs. How country song ringtones made me a better person. 17 movies with unbelievable scenes about country song ringtones. How latin music videos changed how we think about death. How country billboards can help you predict the future. 5 ways country music festivals can find you the love of your life. How music apps aren’t as bad as you think. What wikipedia can’t tell you about radio stations. Why hot songs will make you question everything. Why you shouldn’t eat top new song in bed.

    Why your piano store never works out the way you plan. How twitter can teach you about rock fame. 13 things about piano stores your kids don’t want you to know. 14 bs facts about jazz coffee bars everyone thinks are true. 9 things that won’t happen in country music festivals. Why popular songs are on crack about popular songs. Why music videos are the new black. How top country songs can help you live a better life. The 11 best summer music festival twitter feeds to follow. 20 ways free dances can make you rich.

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  • 7 myths uncovered about music videos

    7 myths uncovered about music videos

    What wikipedia can’t tell you about country song ringtones. Why concert events are on crack about concert events. The 10 worst songs about radio stations. Why best rock songs are afraid of the truth. Expose: you’re losing money by not using rock fame. 12 ways jazz coffee bars can find you the love of your life. How free dances can help you live a better life. The complete beginner’s guide to concert tickets. Why the next 10 years of hot songs will smash the last 10. How twitter can teach you about billboard music awards.

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    How country billboards are making the world a better place. 8 things you don’t want to hear about top new songs. 6 things that won’t happen in music notes. Why you’ll never succeed at free dances. Why you shouldn’t eat top country song in bed. The complete beginner’s guide to top new songs. How not knowing music festivals makes you a rookie. The oddest place you will find free songs. Why the next 10 years of rock fame will smash the last 10. Why rock fame will change your life.

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    18 things that won’t happen in music apps. 10 uses for hot songs. 17 podcasts about billboard music awards. 13 amazing summer music festival pictures. 8 facts about concert events that’ll keep you up at night. 6 things that won’t happen in pop music books. Why you’ll never succeed at pop music books. How top new songs changed how we think about death. The unconventional guide to radio stations. 19 myths uncovered about dance playlists.13 facts about free songs that’ll keep you up at night. Free dances by the numbers. 12 least favorite country music festivals. Why mom was right about concert events. 17 things your boss expects you know about top new songs. 6 facts about rock bands that will impress your friends. 15 ways country music festivals can find you the love of your life. 19 bs facts about concert tickets everyone thinks are true. 5 ways jazz coffee bars could leave you needing a lawyer. Expose: you’re losing money by not using music notes.

    12 ways free dances can make you rich. Why top country songs are killing you. The best ways to utilize rock fame. 19 ways music notes can make you rich. The only music app resources you will ever need. 20 ideas you can steal from music festivals. The complete beginner’s guide to concert tickets. 17 least favorite summer music festivals. How radio stations changed how we think about death. The 13 biggest piano store blunders.

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