Tuesday, December 20, 2011

Huawei Records High Sales in the Kenyan Market

 By Dan Muhuni
Huawei, a leading global information and communications technology (ICT) solutions provider has reported strong IDEOS mobile phone sales of 130,000 units in the Kenyan market since its launch in September last year. 
 
Huawei Devices whose new slogan is “let’s simply share” was the first company to introduce the most affordable Smart Phone in the Kenyan market- IDEOS. According to market research, there has been an increase in smart phones sales in the past one year in Kenya as a result of increased demand by mobile phone users seeking more from their mobile phones. 
 
Commenting on the sales Huawei CEO, Herman He said, “The phenomenal sales witnessed are as a result of intensive marketing campaign on the multimedia offering that comes with a Smart Phone. The rapid technological changes and increased mobile internet use across the globe has also led to the high demand and uptake for Smart Phones. Through this Huawei has ensured that everyone has access to smart phones at a reasonable price while ensuring they are user friendly.”
 
In order to leverage on this trend, Huawei in Kenya has set aside a marketing budget of Kshs. 100 million for 2012.  “We will be introducing the Huawei Vision, Huawei Honour and the Media pad, which are expected to rake in more revenue for the company. “  Mr. He concluded.

IBM Dominates Kenya's Banking Sector

By Dan Muhuni
World ICT leader IBM has announced details of five strategic agreements in the Kenyan financial services sector as banks  across Africa turn to advanced technologies to support rapid growth, increase profitability and launch innovative new services such as mobile and internet banking.

Over the last six months, IBM has signed contracts with five of Kenya’s leading banks: Credit Bank, Co-operative Bank, Family Bank, National Bank of Kenya and National Industrial Credit (NIC) Bank. The agreements are amongst more than 20 similar deals that IBM has signed with banks across
Africa in 2011 in line with the rapid growth of the financial services sector and as technology enables a wave of innovation in African banking.
IBM is also working with Africa’s leading telco providers to help provide mobile-phone based money transfer services. For example, through its partnership with Vodafone, IBM is helping Safaricom to provide its M-PESA mobile money services to over 15 million customers in East Africa.

“Africa is currently experiencing strong uptake in banking services in line with the growth of the continent’s middle class and the adoption of mobile and internet banking,” said Anthony Mwai, County General Manager, IBM East Africa. “Advanced technologies are helping to drive a wave of innovation
across the African financial services sector as banks create new and accessible banking channels and take banking services to previously unbanked parts of society.”

TONY MWAI IBM COUNTRY GM
According to analysts Africa’s financial services sector is currently worth over $100 billion and will continue to grow double digit to 2020, outpacing gross Africa’s domestic product growth.  Retail banking is currently the fastest growing segment predicted to grow at 18 per cent between 2009 and 2020 as demand for deposit accounts and sophisticated products jumps amid urbanization.
1.Smarter Banking
In two of the largest IT deals in the East African banking sector to date, Co-operative Bank of Kenya and National Bank of Kenya have signed multi-million dollar agreements with IBM to support their aggressive expansion strategies and increase profitability.

IBM supplied Co-Operative Bank with Power Systems as well as storage and software as part of a major overhaul of the bank’s systems.

“Our strength lies in the transformative influence we have had in the lives of over nine million Kenyans who depend on the co-operative movement for banking services.  Our investment in IT has helped us achieve our goal to launch a diverse array of innovative, new banking services and reach new
parts of society,” said Gideon Muriuki, Co-operative Bank's Managing Director.

In its agreement with the National Bank of Kenya, IBM is providing IT services, hardware and software as the bank delivers on program of business transformation.

“As we continue our transformation into a privately-owned company, we are constantly seeking means to make us leaner and more efficient,” said Reuben
Marambii, Managing Director of National Bank of Kenya. “With advanced technologies and virtualization tools, IBM is helping us to optimize our resources and provide a wider range of services to our rapidly growing client base.”

Market Expansion
Family Bank, one of Kenya’s fastest growing financial institutions, and IBM signed an agreement to support the bank’s drive to reach new markets and launch new products and services.

The bank’s regional expansion plan, alongside its introduction of new services such as mobile banking and mortgage facilities, has led the firm to transform its IT systems ahead of a planned listing on the Nairobi Stock Exchange in 2012.

IBM has also signed agreements with Credit Bank and National Industrial Credit (NIC) bank as locally owned banks leverage world-class technologies to transform their businesses.

Credit Bank has turned to IBM for a new core banking system to allow the bank to rethink business processes and improve operational efficiency. Under the terms of the agreement, IBM will provide hardware, software as mwell as consultancy and services for the implementation, integration and
maintenance of the new system.

In line with its continued growth in the region, National Industrial Credit (NIC) Bank selected IBM technologies to help streamline the bank’s core banking processes and integrate its existing IT solutions to drive operational efficiencies and improve customer service.

IBM's Momentum in Africa
IBM is actively expanding its operations across Africa as part of the company's continued geographic expansion initiative to increase its presence in key growth markets and support its global growth strategy. Over the last year, IBM has closed a number of pivotal deals in the region as clients in the financial, government, telecommunications, oil and gas sectors seek solutions to help them optimize their operational costs and support business expansion strategies. Earlier this year, IBM announced details of other major banking deals with the Commercial Bank of Ethiopia and the National Microfinance Bank of Tanzania.

"Internet and mobile connectivity has become both more plentiful and a great deal cheaper over the last five years across Africa," said Russell Southwood, CEO at Balancing Act, an Africa-based consultancy and research company. “This allows African banks to focus on high-end products and services using the latest technologies to launch new banking channels.
Banks are also using technology to better connect branch networks especially in rural areas which are seeing some of the highest levels of growth.”
To drive demand for its services and solutions in Africa, IBM has opened over 20 offices across Africa in the last three years including those in Kenya, Tanzania, Angola, South Africa, Ghana, Nigeria, Morocco, Egypt,
Tunisia and Algeria.

Yu launches new Yu Mobile Radio

 By Dan Muhuni & Agencies
yuMobile Country Manager Madhur Taneja
As Kenyans gear up for the festive season, mobile service provider yuMobile is offering its subscribers a new service that will make the festive break even more entertaining.
The company has today launched yuMobile radio – a service that will allow subscribers to download music of their choice, create playlists, browse and send dedications to their friends, families and loved ones.

While announcing the new service, yuMobile Country Manager Madhur Taneja said:

“Music has the power to bring people together and we are proud to play a part in being able to now bring it into people’s lives in new and exciting ways.  Our desire and brand promise is to give our customers a memorable brand experience through value added propositions that  are more innovative, fun and most affordable.”
The service is not dependent on any special features on handsets since it can be accessed by making a simple voice call from any yuMobile number. It makes the subscriber’s favorite music available to them anytime, anywhere, even in places without FM transmission.
To access yuMobile radio, subscribers need to dial 4444, upon which they will follow simple steps on how to get going. Access to the service is charged at Sh1/minute with dedications and downloads attracting a Sh20 charge per dedication/download.

Wednesday, December 14, 2011

787 Dreamliner Arrives in Nairobi on First Leg of World Tour

TV area inside the dreamliner
By Dan Muhuni
The much hyped Kenya Airways  Dreamliner touched down in Kenya’s capital today to kick off the Africa portion of Boeing’s 787 Dream Tour – a six-month worldwide tour featuring the Dreamliner. This is the first time the Dreamliner has visited the African continent.

The Dream Tour airplane will be in Nairobi, the capital of Kenya and home to Kenya Airways. During the its stay, Kenya Airways executives and employees, government officials, and other guests will have a chance to view the airplane, including the interior.

“Aviation throughout Africa continues to grow at a pace faster than the world average and it is airplanes like the game-changing 787, and airlines like Kenya Airways, that will help spur that growth,” said Van Rex Gallard, vice president of Sales for Africa, Latin America & Caribbean, Boeing Commercial Airplanes. “The 787 is the perfect airplane to carry Africa into the future of aviation due to its low operating costs, size, and range. Boeing is very pleased we are able to showcase this airplane to the customers who put their faith in Boeing and the cutting-edge technology of this airplane.”

The airplane, ZA003, was originally used for flight testing but has been elegantly refurbished to showcase the standard capabilities and features of the 787 including an interior that highlights the many passenger-preferred features of the airplane.

“Kenya Airways will be among the first airline in Africa to operate this great new flying machine,” said Titus Naikuni, CEO Kenya Airways. “Kenya Airways is very pleased to welcome the Dreamliner to Nairobi. Being able to see firsthand the many benefits the airplane promises to bring like the biggest windows in the industry, spacious cabin, LED-lighting, and other interior features was a great experience when the airplane arrived. Our valued passengers will also soon be able to see and experience the many benefits of this technological marvel.”

Made from composite materials, the Boeing 787 Dreamliner is the first mid-size airplane capable of flying long-range routes and will allow airlines to open new, non-stop routes preferred by the traveling public. As a result of innovative technologies, the airplane offers unparalleled operating economics, fuel efficiency and passenger comfort. More than 800 787s are on order by more than 50 airlines, a testament to the airplane's unique capabilities.

Thursday, December 8, 2011

Farmer's Christmas in Kenya comes early as Sidai Africa unveils livestock service network


By Dan Muhuni
(danielmuhuni@yahoo.com)

Farmers in Kenya will have something to smile about this Christmas as a newly established social enterprise, Sidai Africa unveil plans to roll out full scale livestock service centers across the country.
The ultra modern centers will offer a one stop shop of veterinary services and quality products to livestock farmers , through a strategy that will promote preventive herd and flock health care in different parts of Kenya, including the marinalised Arid and Semi Arid lands.
Speaking during the launch in a Nairobi hotel, Sidai Managing Director Mr Anthony Wainaina said the company has so far rolled out 16 Sidai franchises in North Rift, North Eastern province, Kaiado and Narok in the aim of populising the company among the Kenyans.
"Through these franchises, we are not only creating a link for small scale farmers but going the extra mile by offering other quality extension services necessary to raise healthy and productive livestock", he said.
The sidai model seeks to tranform livestock farming, by giving farmers more interactive platform, access to competitive priced quality inputs and appropriate business linkages.
Sidai Africa Limited Managing Director Anthony Wainaina (left) and Kenya
Livestock Producers Association CEO Patrick Kimani compare notes during the
Sidai Africa unveiling of plans to roll out full-scale ultra-modern
livestock centers across Kenya at Laico Regency
Wainaina added that the Sidai model seeks to create a supportive framework that will make livestock farming a rewarding venture. "Small scale farmers contribute significantly within the daily sector alone, their productions collectively account for more than 85% of milk deliveries to processors". added Wainaina.
Speaking at the launch, Patrick Maina, Chief executive of the Kenya Livestock Producers Association said that local farmers stood to gain immensely from the structured and streamlined services. With the entry of Sidai Africa, we are confident that farmers country wide will now gain immensely in practical terms", he said.
Sidai targets to open up 150 livestock service centers by 2015, with an initial focus on areas that have traditionally failed to attract professional veterinary extension services.
These centers, which will operate as Sidai franchises, will create a strong support system that ultimately enables farmers to increase their yields and gain better returns.
Mr Kawithia, a small scale farmer in Uthiru says that if indeed Sidai keeps the promise then achieving millennium development goals will be a reality. Kawithia adds that Kenyan farmers have been subjected to quarks who claim to be Agricultural extension officers, veterinary doctors who ends up frustrating the farmers.   

Tuesday, November 29, 2011

Kenya hosts Digital Migration and Spectrum Policy Summit


By Dan Muhuni 
African Telecommunications Union (ATU) in partnership with the Ministry of Information Communication and Technology,International Telecommunications Union (ITU), Communication Commission of Kenya (CCK) and Qualcomm today officially opened the Digital Migration and Policy Summit at the Laico Regency Hotel.
The conference which concludes on Thursday 1st December 2011 brings together policy makers, regulators, broadcasting and ICT experts across Africa and the rest of the world to encourage and assist Member States to consider effective regional approaches for transitioning and reallocating the digital dividend spectrum.

Minister for ICT Kenya Samuel Poghisio
Addressing the delegates during the official opening ceremony, the Minister for Information Communication Technology Kenya Samuel Poghisio said, “The Government of Kenya is proud of what it has achieved with regard to the development of the ICT and Broadcasting sectors in the country, but of course a lot more still needs to be accomplished. We look forward to interacting with all the delegates in the coming three days so that we can learn and continue to innovate in these very important sectors.”
Speaking at the same ceremony, ATU Secretary General Mr. Soumaila Abdoulkarim said, “ATU as the specialized agency of the African Union has the mission to promote the rapid development of info - communications in Africa in order to achieve universal access and full inter- country connectivity. I hope this forum will provide us with solutions that we require as Member States in our efforts to realize the smooth digital migration and as a result, testify to the rest of the world our capabilities of embracing and enhancing the enabling environment for ICT investment and access in Africa.”
The Union explains that the analog to digital broadcasting migration will transform the lives of many viewers as it will offer them a platform to access more channels, and higher quality pictures.
The summit, whose key note speakers include The Hon. Minister of Posts, telecommunications Technology & ICT, Hon Thierry Moungalla, Director of ITU Radiocommunications Bureau Mr. Rancy Fracois, (we can get others on the day),consists of keynote presentations, as well as deliberate on key topics regarding policies on digital migration including; national administration transition plans in the region, policy and regulation for Digital TV transition, estimation of future spectrum needs for broadcasting in the countries/region, the importance of harmonizing the digital dividend spectrum, establishing procedures for the award of the digital spectrum in the most efficient manner, current status of the digital dividend around the world including spectrum band plan approaches in other regions, using digital dividend spectrum to facilitate broadcasting and broadband development in Africa.

Thursday, November 24, 2011

Crown Beverage Ltd launches Redds in a bottle

By Dan Muhuni
Crown foods have launched a new bottled Redds alcoholic beverage in the Kenyan market alongside the usual canned drink. Redds which has been available in 330ml cans will now be available in 330ml Non returnable bottles. It will be available in 330ml Non Returnable Bottles.


Speaking during the launch in a Nairobi hotel, Redds Marketing Manager Pinkie Nyandoro said a pilot study on bottled Redds in Kenya received positive feedback, where it currently commands 3% market share in the beer category.


New look bottled Redds
 “Market research has shown that there is a need for Redds in a bottle and we will work towards strengthening our distribution channels as well as a targeted consumer campaign to increase awareness of the product. We have put into consideration our consumers needs by ensuring that the new bottle is modern and appealing while ensuring that the content remains the same crisp clean apple taste that Redds consumers have become accustomed to.” Added Nyandoro.

Crown Beverages Limited under a partnership with Sab Miller Africa will be the official distributor.

Sunday, November 20, 2011

Co-op Bank Group Managing Director and CEO Honoured

 By Dan Muhuni n Agencies

The Co-operative Bank of Kenya Group Managing Director and CEO Dr. Gideon Muriuki, has been awarded the Honorary Degree of Doctor of Businesses Leadership (Honoris Causa) by the Kabarak University in recognition of his exemplary performance in entrenching the co-operative banking model in the Kenyan financial market and the demonstrated leadership in sustainable growth over the last 10 years.

Under his watch, the Co-operative bank of Kenya has climbed from a Ksh 2.3 billion loss to a Ksh 5.6billion profit. For the first nine months for 2011, Mr. Muriuki’s specific mandate at the point of engagement was to return the bank to profitable trading away from massive loss position.

The Bank has since increased its customers base from 125,000 to the now 2.4 million customers, grew its branch network from 30 branches to over 94 and more importantly unique interconnectivity with the Co-operative movement to reach the over 9million members of the movement.

Commenting on this award Dr. Muriuki said, “The success of Co-operative Bank cannot be appreciated by simply looking at its good financial performance alone. Rather, its strength lies in the transformative influence it has had in the lives of millions of Kenyans who depend on the co-operative movement. It is great privilege for me to serve an institution that has made such a tremendous contribution to the improvement of the welfare of so many Kenyans. I take this award as an affirmation that service with integrity and honour will always be rewarded in the fullness of time.”

Dr. Muriuki is also credited with successful restructuring of the Bank and its listing on the Nairobi Stock Exchange at a time when even the most optimistic analysts were predicting a poor subscription of the Initial Public Offer. The Bank’s IPO was awarded the Best IPO in Africa in 2008 by Africa Investor Awards. Recently the Bank was awarded the 2010 Best Bank in Kenya by the Financial Times for London.

He is a Director of the Deposit Protection Fund, Vice President Africa International Co-operative Banking Alliance (IBA) and Chairman of Governing Council Africa International University. In 2005, Dr. Muriuki was awarded the Order of the Grand Warrior in recognition of his turn –around of the Bank. He is also recipient of a decoration of Chevalier de L’orde National du Burkina Faso by the President of the Burkina Faso in recognition of his outstanding contribution to the rural finance in Africa.

Thursday, November 17, 2011

It’s now E-Food as Innscor Kenya ltd adopts M-pesa for customers


It’s now E-Food as Innscor Kenya ltd adopts M-pesa for customers
By Dan muhuni
Innscor Kenya limited, the proprietors of galitos,Pizza Inn, creamy Inn, bakers Inn,Galitos, TKC and stop n shop  has today joined with Safaricom Limited for access of its mobile commerce platform - M-PESA.
This partnership translates to providing over 650,000 customers of fast food outlets under the Innscor chain an opportunity to pay their bills through the globally acclaimed M-PESA service.
The payment system will apply at both the tills at the various outlets and also for home deliveries where customers can order and pay through M-PESA.
Morne Deetlefs, the MD of Innscor Kenya Ltd (Left) 
and Safaricom’s Betty Mwangi Thuo  during the Launch. 
Speaking during the signing ceremony, Safaricom General Manager in charge of Financial Services Betty Mwangi-Thuo said M-PESA would continue seeking partnerships and innovating to meet the changing needs of its customers.
"We shall continue innovating and entering into strategic partnerships with service providers in our quest to entrench M-PESA as a mobile commerce tool for everyone. We are truly committed to making a difference in the lives of Kenyans through M-PESA. This partnership is aligned with our strategy of taking M-PESA to the next level as more than a money transfer service in line with the "Bigger than Cash" positioning," said Ms Mwangi.
Also speaking during the ceremony at their Westgate outlet, Morne Deetlefs, the MD of Innscor Kenya Ltd said, "Mobile money is a convenient way to pay for food at either our tills or when you want food delivered to your house. Innscor is always in pursuit of ensuring that we make purchasing as convenient as can be. M-PESA has met the requirement of ensuring that convenience for the customer is met."
To use the new service with Innscor, customers will be required to:

a.     Select 'PayBill' from their M-PESA menu

b.     Enter the correct 'Business Number' for the specific Innscor Outlet

c.      Enter the 'Account Number' of the outlet where you will be paying for the meal

d.     Enter the amount you wish to pay (between KShs. 100 - 35,000).

e.     Enter your M-PESA PIN.

f.       Confirm that all the details are correct and press OK

g.     Your will receive a confirmation SMS from M-PESA immediately.

Tuesday, November 15, 2011

Access Kenya realigns marketing strategies to tap into the youthful Internet market


By Dan Muhuni
Access Kenya Group has announced a realignment of its marketing strategies to upscale interactivity with youthful internet users through targeted media campaigns in a renewed bid to encourage fixed-price internet connectivity and further increase their customer numbers in the next financial year.
Access Kenya MD Mr Jonathan
AccessKenya Group Managing Director Jonathan Somen said the realignment, which will be driven mainly through digital media platforms and radio, is informed by the increasing need to reach out to the young internet users - who are key in driving digital content - and improve subscriptions to faster broadband internet.
The realignment is centered upon a campaign introducing a lifestyle aspect to internet usage – away from a straight business inclination - through chic messaging and has  seen the company adopt catchy phrases around the term “IT”.
“We want to reach out to the young people and encourage them to generate and share content. We are happy that the high speed internet is fast changing the way that young people share knowledge and information and this is integral to the development of ICT in Kenya,” said Mr. Somen.
He said the company will not change focus from its core business but is looking to develop avenues to encourage connectivity so that the industry can accelerate subscription numbers, which will in turn impact on the overall growth of the sector.
“Since the arrival of the fibre optic cable, internet connectivity has become significantly cheaper but over time with more customers and more content, we will be able to offer more to customers. Costs improvements will only take place once internet usage has reached a threshold where all ISPs can now leverage on the customer numbers to achieve more economies of scale and ultimately lead to better offerings in the market, said Mr. Somen.”
According to Mr. Somen, the realignment – which will constitute the majority of the company’s marketing budget for 2012 - will be key in solidifying the company’s market leadership position and upscale its corporate image and branding.
“We don’t want to remain a “suit and tie heavy corporate entity, we want to speak to all people more easily across the board while at the same time continue to be the best provider of Corporate and high end residential connectivity and value added services in the market,” he explained.
AccessKenya is the leading corporate internet service provider with a 40 % market share and has since diversified its service offering to incorporate managed IT services including Disaster Recovery, remote assistance, and network solutions among others.
The realignment is expected to further the company’s both interim and long-term strategies in the wake of increased competition in the internet and data market.
“We are still keeping ahead of the competition and we realize that we also need to speak more to the young people even as we remain the preferred business solutions partner to the larger and midsized corporate companies,” said Mr. Kevin Keya, AccessKenya Corporate Communications Manager.
We want to be as dynamic as the market is as well as easier to talk to,” noted Mr. Keya adding that more activities to support this realignment will be unveiled next year so as to encourage participation and on-board sharing of IT knowledge.
The announcement comes in the wake of recent statistics from CCK showing that mobile phone service providers represent the majority platform through which people are accessing internet. Mr. Somen however believes that this does not negatively impact on ISPs but instead drives the need for faster and more reliable internet.
“Most of our new customers especially on residential broadband come from using a mobile modem at home  and are then looking to upgrade to faster, more consistent , more reliable as well as a fixed price internet service that we provide,” said Mr. Somen.

Monday, November 14, 2011

THE SAFARICOM FOUNDATION PARTNERS WITH THE NAIROBI GREEN LINE TRUST

By Dan Muhuni and Agencies
The Safaricom Foundation has today partnered with the Nairobi Green Line Trust to support the latter’s efforts to preserve the Nairobi National Park from further encroachment and environmental degradation caused by urbanization.
 
While announcing the partnership, The Foundation’s Chairman Les Baillie, who issued a cheque of KES 43.6 million to the Trust said they will continue to support initiatives that improve and sustain Kenya’s environment.
 
Rugby sevens team player Collins Injera  assists Samuel
Waweru to read a book in a past Safaricom Foundation Event.
“The Safaricom Foundation aims at providing sustainable support to the preservation of Kenya’s environment and natural resources through partnerships to grow forests, conserve biodiversity, mitigate against human-wildlife conflict and promote the use of renewal energy sources,” said Mr. Baillie.
The Nairobi Greenline is a project that was initiated by the Kenya Association of Manufacturers (KAM) and Kenya Wildlife Services (KWS) and is now managed by the Nairobi Green Line Trust.
The project entails planting a 30-kilometre long, 50-metre wide forest of indigenous trees from the Cheetah Gate in Athi-River to the Carnivore Restaurant in Nairobi. Industrialization of Athi River Town and the proximity of Nairobi to the park have exposed this unique animal sanctuary to negative environmental impacts. The 117 square kilometres park is located 10 kilometres from the city centre.
Mr. Baillie said integrating the principles of sustainable development into Kenya’s communities through the projects the Foundation support’s is helping to reverse the loss of Kenya's environmental resources.
The Foundation’s environmental conservation partners seek to save Kenya's wildlife, forests, water catchment areas, reduce poaching as well as clean-up campaigns within communities. Through this partnerships, the Foundation has supported numerous tree planting initiatives in among other places, the Aberdares and Ngare Ndare.
Other initiatives the Foundation has supported include Save the Elephant through the implementation of an innovative elephant tracking project and partnered with the David Sheldrick Wildlife Trust on a de-snaring project. “These partnerships are some examples of initiatives that contribute towards ensuring that man lives in harmony with his surroundings,” he said.
 
 

Thursday, November 10, 2011

STANDARD CHARTERED BANK LAUNCHES A BANKING PRODUCT FOR THE YOUTH


By Dan Muhuni
As the banking fraternity continues to make forays into the retail segment, an increasing number of banks have seen the importance of launching products that fits its consumers. In this regard, Standard Chartered Bank has launched a new class of banking targeted at the young emerging affluent consumer. The Preferred Banking customer is aged between 28 and 40 years is young, upwardly mobile, and typically looking to achieve a higher level of affluence than his peers, usually within 5-8 years of his working life.

According to Kariuki Ngari, Standard Chartered Bank’s Executive Director for Consumer Banking, East Africa said that the Preferred Banking offering will holistically address this significant customer segment; a sizable and rapidly growing customer segment with needs that have been largely underserved and undifferentiated.
A customer research study undertaken by the Bank in 2009 shows that the young emerging affluent segment is a key indicator for economic recovery and growth. This growth is fueled by a conscious effort by African governments to create stable political and economic environment that   encourage investments, better economic management of government budgets and cutting back debts and deficits and urbanization.
“The young emerging affluent are in their peak years when they have tremendous appetite for financial products that will help them achieve their aspirations, like borrowing to buy their first home, or upgrade to a larger property, saving and investing for their future, their children’s education and buying more protection for themselves and their families. This led us to believe that this consumer segment will fuel the economic recovery and growth across our markets in Asia and Africa. And at Standard Chartered we see a huge opportunity for us to partner them in this growth,” said Jane Kimemia, Standard Chartered Bank’s General Manager for Priority, Preferred and International Banking.
Preferred Banking comes hot on the heels of the successful launch of the Priority Banking business last year, to complete the suite of offerings from Standard Chartered in the overall affluent space. It addresses the key needs of customer and is positioned as more personal, more convenient and more rewarding.
Customers will receive the convenience of preferential services at the branch, phone and internet and assistance from a team of preferred bankers – all available on demand, recognition of their relationship through special benefits such membership cards, specially designed pan bank rewards and special offers and a full range of solutions primarily offered through bundles across banking, borrowing, investing and protection that are relevant to their life-stage.
End../…

Wednesday, November 9, 2011

Safaricom's profit declines as M-pesa revenue increases


By  Dan Muhuni
As predicted earlier by financial analysts, its now official that the full impact of mobile phone price war, escalating energy cost and rising inflation in the country are the major challenges that contributed to dismal Safaricom profits.
Investors were very keen to see how East Africa's most profitable company is holding up in the face of serious competition on voice revenues particularly with a further reduction in mobile termination rate expected in July this year.
Bob Collymore stressing a point during the financial announcement.
 According to Safaricom CEO Bob Collymore, during the announcement of the financial results,Safaricom net profit declined to Ksh 4 Billion from 7.6 billion in the last results. “Within the first half of this financial year we grew our active customer base by 8.0% to 18.1 million and revenue by 5.3% to Kshs. 49.6 billion despite a heightened competitive environment especially in the voice sector with headline tariffs falling by over 80%. “ However our voice business has shown considerable resilience with a traffic increase of 83% and a marginal decline in voice revenue of 5.5%.
The CEO noted that the Mobile Number Portability has had a negligible impact on Safaricom with net port-outs of only 18,000 recorded from April 2011.
“Our strategy to diversify into non-voice services has continued to deliver strong growth with these revenue streams gaining traction and now contributing 32% of service revenues. “ added Collymore
“Our M-PESA and Data offerings are undeniably market leaders in their respective sectors with a collective 43% growth in revenues. This is a clear demonstration that we remain Kenya’s preferred network and that our products and services are indeed making a constructive difference in the lives of our customers. “
Infrastructure:
Collymore noted that as Safaricom continue to invest in the network to ensure that we offer cutting-edge technology and reliable connectivity. In the first half of the year, we invested Kshs. 15.5 billion on our 3G network, our switching capacity, fibre connectivity and upgrading of our existing 2G equipment for increased quality and capacity. 52% of our network coverage is now 3G active. We recognise the increasing need for superior but affordable data connectivity and the fast paced changes in data needs among our customers.
We have reduced our mobile data pricing and introduced a variety of internet bundles to meet the varying needs of our customers. Our data customers now account for just over 10% of the Kenyan population, with 92% of all internet subscriptions in Kenya on Safaricom connected devices. By further expanding our distribution network and by making available affordable data enabled devices we are ensuring that every Kenyan has the opportunity to access the internet using the best and fastest connection in the region. We now offer mobile data speeds of 21 Mbps and trials for 42 Mbps are in progress. We continue with the modernization of our core network to ‘IP’ based technology. We have also upgraded our billing system to one of the most advanced billing systems in Africa and highlighting our commitment to customer service.
The firm's mobile money transfer platform M-Pesa, according to the analysts, has played a major role in enhancing "stickiness" and supporting overall profitability given the low calling tariffs during the period.
End..........

Sunday, October 30, 2011

Norton Internet Security 2012 to help curb cyber crimes globally


By Dan Muhuni
Globally cyber crime has shocked the whole ICT fraternity worldwide if the resent Norton cyber crime report is anything to go by.
Cloud computing 
The biggest question that a common man will ask is how is cyber crime defined as? As an ICT specialist I can only categorize cyber crime in three ways: The computer as a target - attacking the computers of others (spreading viruses is an example). The computer as a weapon - using a computer to commit "traditional crime" that we see in the physical world (such as fraud or illegal gambling) and finally the computer as an accessory - using a computer as a "fancy filing cabinet" to store illegal or stolen information.
According to this Norton cyber crime report, Computer viruses or Malware usually appears on someone’s computer and when you respond to a Phishing message thinking it was a legitimate request then someone has already hacked into your social networking profile and pretended to be you.
Reports of alleged computer crime have been a hot news item of late. Especially alarming is the realization that many of the masterminds behind these criminal acts are mere kids. In fact, children no longer need to be highly skilled in order to execute cyber crimes. "Hacker tools" are easily available on the Net and, once downloaded, can be used by even novice computer users. This greatly expands the population of possible wrongdoers.
Speaking during the launch of Norton by Symantec (Nasdaq: SYMC) early this month, Kara Rawden, Senior Marketing Manager, Consumer - Middle East and Africa Symantec Corporation said “the released Norton Internet Security 2012, is designed to improve on the already industry-leading benchmarks for protection and performance, while enhancing the overall user experience.”
 “For the past few years we have witnessed an explosion of devices, platforms and applications for consumers to enjoy. However, with these exciting changes comes new digital dangers and an even greater need for consumers to be protected from cybercrime,” added Kara .
“As a world leader in security, Norton will continue striving to ensure that our customers are protected wherever they go, whatever digital experience they choose to have.”
Norton 2012 Security Product
Norton 2012 brings key new features to address emerging threats and powerful protection against one of today’s greatest consumer concerns: ensuring online personal information remains confidential. Additionally, Norton brings a powerful combination of reputation, file, behaviour and network based protection to provide our most comprehensive security to date. Key security technologies and usability improvements include:
Norton Identity Safe in the Cloud
 Protects personal and financial information from cybercriminals and keeps users protected from fraudulent websites. New streamlined interface, simplified login experience, and ability to store passwords in the cloud makes accessibility easy from any computer with Norton Internet Security 2012 installed.
Norton Management – New web-based functionality lets users manage their Norton products from anywhere in the world. Users can remotely add Norton products, manage security settings and update subscriptions, making it simple to check on the health of their devices or fix issues without needing to be there in person.
Norton Insight – Norton’s exclusive reputation-based security technology leverages the anonymous software adoption patterns of millions of contributing Symantec users to automatically identify and block never before seen malicious software. 
Download Insight – Checks every downloaded file for safety before installation and now provides users with additional data about the predicted stability of the application in their environment based on the stability experiences of millions of other Symantec users.
· SONAR – Improved SONAR technology monitors running applications for suspicious behavior to quickly detect and disable previously unknown threats. 
Norton User Experience – From the streamlined main user interface, Norton 2012 offers quick access to Norton Cybercrime Index, Norton Online Family and website ratings service Norton Safe Web.
 Pricing and Availability
Norton Internet Security 2012 is now available for purchase through various retailers and the Norton online store at www.norton.co.za. The RSP for Norton Internet Security 2012 is US$69.99 (Kshs Approx 6,650/-, which provides one year of protection for up to three PCs. Norton Internet Security 2007 or later users with a valid product subscription are eligible to receive the latest product updates via the subscription service model.
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