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Innovative Credit Rating Solutions for African Development

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Observers, stakeholders, delegates, participants and experts attending AFDB AGM at KICC met at Pacific Suites Hotel. The meeting was a side event of the AFDB AGM. The aim of the meeting was to describe the credit rating challenges and solutions. It also looked at the way African Governments can access credit solutions without being disadvantaged in the deals to access funding.  There was a study on the difference between good debt and bad debt. Good debt is whereby infrastructural developments come up and citizens access social services. On the other hand, bad debt is whereby no notable development is visible and corruption vices are reported.  There was a suggestion to review the process of credit ratings. Those who are experts on how credit ratings are calculated should teach the common citizens in a simple language. This way, the general population will have an idea on how such ratings work and how they affect them directly or indirectly. This can be done in collaboration w...

Hunter's Choice Whisky launch of a new pack

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KWAL officials in attendance : KWAL MD, KWAL Head of Marketing, KWAL Commercial Director, Hunter's Choice Commercial Director and Hunter's Choice Brand Manager.  Hunter's Choice since it's inception in 1999 has become a market leader in the whisky category. The choice of venue for the launch, KWS Club House located within Nairobi National Park. We are hunters in nature but also urban hunters considering the urban setting surrounding the national park. The liquid hasn't changed, same taste, same ingredients, locally made. It makes us incredibly proud and proudly Kenyan.  The new pack is our dedication to excellence and commitment to a wonderful brand. It has been a fantastic story for Hunter's Choice in the whisky category. We are stepping out in boldness to capture the discerning consumer/ customer. 

Community Policing Forum Against Vandalism

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The chief guest was Njenga Mingi from Interior Ministry. Other speakers were David Rono who is the CEO of Scrap Metal Council and Mark Murkomen who is head of security at Kenya Railways.  Vandalism of Kenya Power transformers. The oil in transformers purifies cooking oil which would otherwise be unusable due to repeated usage. Such oil is mostly used to cook chips leading to health issues after continuously consuming chips. Transformer oil has more carbons hence not easily digestible. There is also vandalism of toxic metals e g lead batteries. Vandalism in reality is a form of sabotage / terrorism. Vandalism can be won by involving members of the public. The cost of vandalism is that bridges are cut off, railway lines cut off, water supply cit off and electricity supply cut off.  What are the solutions proposed by Consumer Federation of Kenya? a) Engaging members of the public in the fight against vandalism. This is an aspect of prevention since less resources are used to prev...

Naivas and Visa Strategic Partnership

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  The strategic partnership launched  between Naivas and Visa on May 22nd will lead to improved loyalty cards for Naivas customers.  Naivas Supermarket is a Kenya home grown brand that has grown to become the largest supermarket chain in the country with over 100 branches nationally. The brand is available in most major towns and cities. This growth has neither stopped nor paused. It is like someone who keeps going up and up an endless staircase. The employment figures by the supermarket has an immediate effect of boosting Kenya's economy. The supermarket chain is also a major tax payer, hence indirectly contributing to infrastructure developments as well as services to the people.  Visa is a World leader in digital payments between consumers and merchants. It is spread across more than 200 countries globally, making it a major economic block on it's own.  Introduction of co-branded loyalty cards. The cards will still be used in the manner they have been used in...

ISO / COPLO Workshop

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  Standards as solutions for consumer protection. This is the main theme of the workshop. COPOLCO is involved in implenting ISO's London declaration. Such workshops are a statement that reflects the reality that ISO has grown a lot in Africa. 75% of the 170 member states are from developing countries.  The workshop will look at how promoting standards can help reduce waste and increase consumer choices. Consumers should be informed about processes in manufacturing and recycling of goods. Currently low levels of consumer representation are as a result of the following: Consumer groups are under-resourced since they are mainly volunteers. Limits resources affect the ability to participate actively. There is need to strengthen and facilitate consumer standards to ensure that all voices are heard. This is because there is value in consumer stakeholder participation.  The workshop aims at various intermediate outcomes: Value and relevance of ISO standard recognized. Participat...

The Okisisi Colloquim

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  There was an opening speech by Ikechukwu Anoke, founder of Okosisi Colloquim. There were various agendas covered by all the other guests invited as speakers.  Intra-africa trade. Only 15% of trade in Africa is intra-africa trade. We should aim to increase it to 48%. Then globally, Africa trade accounts for only 3% of global trade. Production of raw materials without meaningful finished goods and agricultural produce without value addition. This has resulted to very limited income in African countries.  Tropical diseases affecting the vulnerable. We can't continue blaming colonialists only on historical injustices. The social economic status which is the gap between the rich and the poor should be narrowed. The recent doctor's strike in Kenya by doctors in public hospitals took almost two months to be resolved because those in charge of medical policies are using private medical care.   UBA Bank has a role to play in advancing African unity and growth. Start-up...

Launch of Kachingching Coca-cola Campaign

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 Coca-cola has been in existence for 138 years worldwide. So as a company we understand the Kenyan challenges. We are also feeling the same struggle hencs kachingching campaign, the joy of sharing coke while winning big.  A chance to experience the magic of Coca-cola. Buy any glass bottle 200ml, 300ml, 500ml. Check under the crown and send code to 40111. Cash prizes range from Sh50 to Sh1,000,000 with instant prizes ranging from Sh50 to Sh10,000. There will be 13 lucky millionaires. The promotion will run across all brands: Coca-cola, Fanta, Sprite, Krest, Stoney and Novida. All millionaire winners will be taken through a financial literacy class to get them empowered on investment options.