Category Archives: Business

East African Development Bank and KFW sign agreement to finance agriculture in Kenya.

The East African Development Bank (EADB) has today announced that it has entered into a financing agreement with KfW, Frankfurt am Main, Germany, for the ‘Agricultural Financing Kenya’ project which is funded by the German Government as part of the wider ‘One World – No Hunger’ special initiative.

The announcement was made at the East African Development Bank Head Offices in Kampala, Uganda. Vivienne Yeda; Director General of EADB made the announcement.

EADB and KfW’s ‘Agricultural Financing Kenya’ will cater to the SMEs and farmers along the agricultural value chain in Kenya. The project which will be funded by EUR 13 million consists of two components.

The first component will provide medium- to long-term loans to small and medium sized farmers and SMEs along the agricultural value chain. This will be done via selected partner financial institutions that boast extensive market knowledge; while the second component will be technical assistance and will involve training and capacity building measures.

Speaking at the event, Ms. Yeda noted that agriculture is the key source of income among Kenya’s rural population.

“Most of the farmers from rural Kenya are employed in Small and Medium sizes enterprises (SMEs). This program will go a long way to improve food security for the communities while achieving the greater purpose of poverty eradication,” she said.

“It is our belief that the program will give agricultural SMEs in Kenya the opportunity to invest and therefore expand and grow. This will greatly improve agricultural productivity and efficiency in Kenya.  Ultimately, a more efficient Kenyan agricultural sector should boost economic growth, generate employment creation, reduce poverty and increase food security,” Ms. Yeda concluded.

The ‘Agricultural Financing Kenya’ program follows the successful implementation of two similar collaborations between EADB and KfW in Uganda: the ‘Rural Finance Enhancement Program’ and the ‘Agricultural Enhancement Program’.  The two programs follow a similar model and have delivered over EUR20 million in financing to SMEs in Ugandan rural areas and along Uganda’s agricultural value chain.

Emirates named Best Airline in the World in TripAdvisor Travelers’ Choice Awards for Airlines 2017.

Emirates has been recognised as the Best Airline in the World in the inaugural TripAdvisor Travelers’ Choice® Awards for Airlines. In addition to clinching the grand prize, the airline was the biggest winner with 4 other awards including Best Major Airline – Middle East & Africa, Best Economy Class, Best First Class and World’s Best Airlines – Top 10.

This is the first year TripAdvisor has introduced a category for airlines in its signature Travelers’ Choice® Awards. The awards highlight the world’s top carriers based on the quantity and quality of reviews and ratings for airlines worldwide gathered over a 12-month period.

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Sir Tim Clark, President, Emirates Airline said: “We are honoured to be named the Best Airline in the World at the TripAdvisor Travelers’ Choice Awards for Airlines 2017. The fact that the awards are a result of unbiased reviews and feedback speaks to our commitment to deliver a superior travel experience for our customers. We want travellers to continue making Emirates their first choice whenever they think to travel. That is why we continue to invest in products and services across all classes, and why our service teams work hard and put their hearts into providing the very best experience for our customers both on board and on the ground every day.”

“We are proud to announce the inaugural Travelers’ Choice® Awards for airlines, to help travellers make the most well-informed air travel decisions, based on the experiences of the TripAdvisor community,” said Bryan Saltzburg, General Manager for TripAdvisor Flights. “It’s a high honour for Emirates to be recognised as the top airline in the world by the TripAdvisor community and speaks to their continued focus on delivering fantastic customer experiences.”

Emirates is the world’s largest international airline, with an extensive network that has grown to offer its customers a choice of 155 destinations in 83 countries across six continents. It operates one of the world’s youngest modern wide-body fleets, and is the first and only airline in the world to operate a fleet of all Airbus A380 and Boeing 777 aircraft for its passenger flights.

The airline recently announced a multi-million dollar cabin interiors upgrade programme including an enhanced Onboard Lounge for its flagship Airbus A380 aircraft which will make its debut in July. Emirates also recently underwent a product overhaul with a host of exclusive products introduced to its First and Business Class cabins. New additions include the world’s first moisturising  lounge wear in First Class, luxury blankets, skincare from organic brand  VOYA and a new range of amenity kits from Bulgari. In the last year, Emirates has also introduced several new products for customers travelling in Economy including the world’s first interactive amenity kits and sustainable blankets made from 100% recycled plastic bottles

Canon unveils the EOS 5D Mark IV, its newest addition to the professional range of cameras.

Canon, a leader in imaging solutions, has reiterated its commitment to the African market by announcing the launch of its hero product EOS 5D Mark IV camera. Canon showcased their input to output professional consumer products covering both cameras and printers which are now available in the African region. Canon also announced the start of an Africa wide photo competition involving consumers under the theme ‘Celebrate Africa’.

The camera range unveiled includes models such as the EOS 80D, EOS760D, EOS 1300D, Powershot G7X MKII, PowerhShot SX720 HS, Ixus 285HS and Pixma printers G4400, TS 5040 & the powerful  and refined TS 9040 – is a fully featured colour photo printer, scanner and copier with an elegant and compact exterior.

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The much anticipated EOS 5D Mark IV, is the most recent addition to the legendary EOS 5D family and is now available in African markets. This announcement comes close on the heels of the Pixma series printers that were launched last year in Nairobi.

“Our focus on Africa is very clear, and is evident from how we have carved a new business division known as Canon Central & North Africa (CCNA) to serve the regions needs to launching new and exciting products. We want to offer customers in Africa new innovation that is currently changing the way we capture, store and share images.” said Somesh Adukia, Sales Director – CCNA.

Further elaborating on the theme of ‘Celebrate Africa’ he added, “At Canon, we are passionate about enriching lives by bringing people and imaging technology together. Our ‘Celebrate Africa’ campaign that we kick off today is set to encourage people to capture the essence of Africa. This beautiful continent is rich in history with diverse people and cultures while juxtaposing the old and the new making it unique and awe inspiring. The products that we have launched today will enable all of us to depict Africa’s beauty and capture moments that allow us to make beautiful memories and make us proud to be on this continent.”

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The ‘Celebrate Africa’ campaign is targeting consumers from all walks of life. It will be activated through an online competition where Canon is encouraging people from across the continent to submit images captured by them under any of the three categories: People of Africa, Africa’s Citylife or Africa’s Landscape and Wildlife. More details can be found at www.picfair.com/celebrateafrica. The competition will run from February 7, 2017 till April 15, 2017 and has a range of prizes to be won by those who send the most compelling images.

“Our brand promise is to help people realise the power of image. The latest range of products establishes Canon’s unparalleled expertise in imaging and reflects the innovation and best technology we strive to give to our customers,” added Somesh.

Milkman Teaches Children about Environmental Conservation.

This weekend, parents and children who attended the Go Green festival got a chance to learn about environmental

This weekend, parents and children who attended the Go Green festival got a chance to learn about environmental conservation and participate in a free recycling workshop courtesy of VTD dairy’s MilkMan yoghurt – the main sponsor of the 2016 Christmas Green Festival.a-girl-wears-a-mask-made-from-a-used-milkman-can-this-was-during-the-milkman-recycling-workshop-at-the-go-green-festival

The recycling workshop, into which kids were admitted free of charge every round hour simply by presenting an empty MilkMan can, saw them make many awesome items such as spy masks, awesome shakers, cool hats and crowns as well as fancy hair bands from their MilkMan yoghurt cups.

Held annually since 2012, the Go Green festival, which attracts over 10,000 children, is aimed at enlightening the children on the values of conserving our environment through fun engaging activities. Last year, various exhibitors came on board to engage the children in more exciting ways on how to conserve the environment.

Speaking on behalf of MilkMan, Ms. Noa Hameiri, the Chief Marketing Officer, expressed excitement at the opportunity to directly engage children and teach them about environmental sustainability – something MilkMan is very passionate about.

“MilkMan and Go Green share the same eco-friendly agenda and that is the reason as to why we decided to take part in the festival, teaching the younger generation why and how they should conserve the environment and the benefits to their future and the future of the next generation,” she commented.

Hameiri also explained that sustainable environmental conservation and social development are some of MilkMan’s key concerns.

“At our factory in Rushere, we have put in place a state-of-art waste water treatment facility in order to ensure that our operations will not harm the environment,” she stated, adding that MilkMan supports the local community by purchasing all the milk from the farmers in the region thus offering them and their families a stable source of income.

In addition to the recycling tent, Milkman also had 4 points of sale throughout the day where everyone at the festival had an opportunity to purchase all the flavors of MilkMan yoghurt at UGX1,500 for the individual size and UGX3,000 for the family size.

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conservation and participate in a free recycling workshop courtesy of VTD dairy’s MilkMan yoghurt – the main sponsor of the 2016 Christmas Green Festival.

The recycling workshop, into which kids were admitted free of charge every round hour simply by presenting an empty MilkMan can, saw them make many awesome items such as spy masks, awesome shakers, cool hats and crowns as well as fancy hair bands from their MilkMan yoghurt cups.

Held annually since 2012, the Go Green festival, which attracts over 10,000 children, is aimed at enlightening the children on the values of conserving our environment through fun engaging activities. Last year, various exhibitors came on board to engage the children in more exciting ways on how to conserve the environment.

Speaking on behalf of MilkMan, Ms. Noa Hameiri, the Chief Marketing Officer, expressed excitement at the opportunity to directly engage children and teach them about environmental sustainability – something MilkMan is very passionate about.

“MilkMan and Go Green share the same eco-friendly agenda and that is the reason as to why we decided to take part in the festival, teaching the younger generation why and how they should conserve the environment and the benefits to their future and the future of the next generation,” she commented.

Hameiri also explained that sustainable environmental conservation and social development are some of MilkMan’s key concerns.

“At our factory in Rushere, we have put in place a state-of-art waste water treatment facility in order to ensure that our operations will not harm the environment,” she stated, adding that MilkMan supports the local community by purchasing all the milk from the farmers in the region thus offering them and their families a stable source of income.

In addition to the recycling tent, Milkman also had 4 points of sale throughout the day where everyone at the festival had an opportunity to purchase all the flavors of MilkMan yoghurt at UGX1,500 for the individual size and UGX3,000 for the family size.

Uganda’s Insurers set focus points for 2017

The Uganda Insurers Association (UIA) today announced that in 2017, insurers will largely focus on increasing access to information on insurance and access to insurance services.  This announcement was made during a media specific engagement in Kampala in which the Association updated the media on its activities and developments in 2016 as well as the industry’s plans for 2017.

“This year we launched our 3 year consumer education program with the objective of presenting insurance in simple terms to make it more relatable to the public in order to increase the appreciation and purchase of insurance.  One of our learnings over 2016 is that a level of awareness about insurance has been achieved. What we therefore need to focus on- in addition to continuous sensitization- is how we can better provide our services; improve on the information available and on how best we can reach the current and future consumers, “said Ms. Miriam Magala, Chief Executive Officer, UIA, at the engagement.” Our consumer awareness program follows from the industry’s market growth development plan which intends to see insurance penetration grow to 3% by 2025.”

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“The amendments to the Financial Institutions Act (FIA) which now allow us to sell our products through bank networks as well as the development of Takaful (Islamic insurance) and micro insurance regulations also mean that as we continue to educate, the industry needs to be positioned to meet the needs of these particular market segments. This will extend to the products we are developing, access to these products, the information we relay and how best we manage both client and related stakeholder expectations,” added Mr. Deepak Pandey, Chairman UIA.

In 2017, the insurance industry will therefore look to leverage on technology and further develop their distribution models to improve on access to information to insurance services.

“One of the projects we shall be launching in early 2017 is the “App Challenge” in which we will invite the public and especially the youth, to develop an application which will be used to, among others, provide information on the basics of insurance, the different products/services on the market, information on licensed players as well as information on how to make a claim. We also expect that through this Challenge and the application itself, we will receive information on the public about our services and use that information to ensure that insurance remains relevant to the public,” Ms. Magala said.

The Association will also put in place fraud databases to enable the industry monitor and understand consumer consumption patterns and needs as well as determine fraud instances in order to curb this practice.

In terms of strategic action, to ensure the growth of the industry, the Association will continue its engagements with the Bank of Uganda, the Insurance Regulatory Authority of Uganda, Uganda Bankers Association, the Ministry of Finance and other stakeholders to ensure the establishment of a positive regulatory and business environment in 2017.  UIA has also signed a Memorandum of Understanding with Alhuda Center of Islamic Banking and Economics (CIBE), a partnership that will be critical as the industry prepares itself to take on Takaful (Islamic insurance). The partnership will extend to, among others, capacity building, product development, design and distribution, developing appropriate Takaful models for this market and providing advisory support on suitable regulatory frameworks. The Association will also continue to lobby for positive regulatory business environments, most important is the Insurance Bill, 2016 under which the Association is lobbying for the establishment of an appropriate & cost efficient business environment targeted at engineering growth, without compromising on supervisory intervention.  Most critical issues are to ensure that supervisory intervention is restricted to situations or circumstances bound to place policyholders funds at risk or if a business is unable to meet its liabilities; premiums are paid at inception or renewal of the policy- the current law allows for credit;  all local risks including marine, and oil & gas risks are written by and through locally licensed companies, and that the boards of insurance companies retains the right to determine the distribution of profits, subject to ensuring that there is sufficient capital in the company and that a company is able to pay claims when it is required to do so. We are confident that with our engagements with the Ministry, IRA and Members of Parliament, a suitable law will be passed. We are also advocating for a phased implementation of the law, once it is passed, due to the changes that will be required of companies including adjustments to capital, changes in internal processes and recruitment of additional staff.

The Association remains confident that through these and similar efforts, a fair regulatory environment will be established without compromising on supervisory intervention and unduly increasing business costs.

The Association will similarly continue to work with the Ministry of Finance, the Insurance Regulatory Authority of Uganda (IRA), the Uganda Police Force and the Uganda Revenue Authority to ensure the enforcement of the compulsory insurances in 2017 that is- Motor Third Party Insurance, Workers Compensation Insurance and Marine Insurance.

Uganda Insurers Association is the umbrella organization for all insurance and reinsurance companies in Uganda. Membership currently stands at 32 Life, General and Reinsurance companies.

Emirates Aviation University introduces a new Executive MBA Programme.

Emirates Aviation University has announced today the introduction of a new Executive MBA Programme in Aviation Management in collaboration with Coventry University in the UK. The specialised programme will begin in January 2017 and applications will now be accepted on EAU’s website.

The Executive MBA curriculum was designed for students who plan to pursue a career in aviation management or want to transition from an operational role into a general management role.

Professionals enrolled in the programme will benefit from the dynamic structure as the course is set to be delivered in both Dubai and the UK. As a growing aviation hub and home to one of the world’s fastest growing airlines, Dubai will be the ideal place for Aviation Management MBA students to learn about the industry. While in Dubai to study the first three modules, students will have the opportunity to visit and see first-hand the breadth of operations in aviation-relevant organisations such as Emirates, Dubai International Airport, Al Maktoum International Airport and dnata. In the UK, students will also have the opportunity for organised visits to a range of organisations within the aviation sector. All enrolled students will need to attend modules at both locations to complete the course.

Consisting of six modules and set over the course of 12 months, the Executive MBA programme was specifically developed to fit the lifestyle of busy professionals. Teaching will be delivered in an intensive four day block, followed by individual study and submission of coursework.

Emirates Aviation University remains committed to offering new and industry-relevant programmes. Over the years, EAU has grown from a small college to a full-fledged university offering more than 44 programmes in various fields of study. The growth of EAU underscores the demand for quality higher education in the UAE and the rapid development of the aviation industry in the MENA region. EAU continues to expand and strives to cement its position as the centre of aviation education excellence both nationally and internationally. Some of the programmes offered by EAU include postgraduate and undergraduate programmes in aviation management, logistics and supply chain management, aeronautical engineering, aerospace technology, pilot training and a wide range of aviation and aviation related programmes.

EAU participates annually in several national and international higher education exhibitions where prospective students have the opportunity to learn about the course offerings and speak directly to the faculty. The university is currently present at Najah 2016 Abu Dhabi’s leading higher education exhibition which concludes today. EAU will also take part in China Education Expo in Shanghai between 29 October until 30th October.

Emirates Skywards marks 16 years with over 16 million members.

Emirates Skywards, the award-winning frequent flyer programme of Emirates airline, marks its 16th year milestone with over 16 million members and the successful launch of new initiatives to enhance reward options for members.

Since the programme’s inception in 2000, Emirates Skywards members have redeemed a whopping 220 billion Miles on reward flights, hotels stays and exclusive access to the biggest events worldwide. The diversity of the programme’s partners and rewards are reflected in the airline’s global customer base and network spanning six continents and over 150 destinations.

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With a focus on customer satisfaction, Emirates Skywards continuously forms exclusive partnerships and introduces new initiatives to offer greater value, choice and flexibility to its members. Most recently, Emirates Skywards has introduced Cash+Miles – allowing flight redemption using a combination of cash and Skywards Miles. Members in all four tiers – Blue, Silver, Gold and Platinum – can start redeeming flights with as little as 2,000 Miles. This popular new initiative instantly reduces the cost of the tickets and can be used on any Emirates flight across all classes, making any seat available to Emirates Skywards members.

To date, Emirates Skywards has 14 airline partners including strategic partnerships with Easyjet and Qantas, offering members access to one of the world’s largest networks of global travel destinations. The programme also has 24 hotel partner brands covering nearly 20,000 properties worldwide. This includes a collaboration with the Starwood Preferred Guest (SPG) programme which gives members double rewards through the ability to earn both Skywards Miles and Starpoints when they fly with Emirates or stay with Starwood.

As part of Emirates airline’s numerous sponsorships in sports, arts and cultural events, members have also enjoyed front row access to some of the biggest world events including the Emirates Airline Dubai Jazz Festival.

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Since January this year, over 12,000 tickets across 40 sporting events have been made available to members. The tickets offer access to world-class sports including events in rugby, tennis, baseball, horseracing and Formula 1®. However, football is the biggest draw for Emirates Skywards members. Emirates sponsors six top European clubs: Paris Saint-Germain, Real Madrid, Hamburger SV, SL Benfica, Arsenal, AC Milan, and in the last nine months, over 5,000 tickets were made available for Emirates Skywards members to watch their favourite teams play in the Spanish La Liga, Bundesliga, Portuguese Primeira Lina, FA Premier League, Lega Serie A, and Ligue 1.

Besides sports fans, Emirates Skywards also engages with artists worldwide. In 2010, it launched the annual design competition known today as Art of Travel. Each year, aspiring artists are invited to design the programme’s four membership cards, giving them a platform to showcase their talent on a global scale.

Emirates 777-300ER Air to Air

Emirates 777-300ER Air to Air

Emirates Skywards members also enjoy access to a global network of 39 Emirates lounges in major airports including six lounges at Dubai International Airport. Members are also given excess baggage allowance of up to 20kg. Please visit emirates.com/skywards for more information or to sign up as a member.

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