#Integrated Logistics Revenue Kenya

[danvastcareers]

Regional Business Executive - ENGIE Energy Access - Arusha, Tanzania

Job Title: Regional Business Executive (2 positions)

Job Grade: 12

Location: Tanzania

Application Deadline: 1st May 2023

Position: Full-time

Team: Business

Reporting To: Zonal Business Manager

About ENGIE Energy Access

ENGIE Energy Access is one of the leading Pay-As-You-Go (PAYGo) and mini-grids solutions provider in Africa, with a mission to deliver affordable, reliable, and sustainable energy solutions and life-changing services with exceptional customer experience. The company is a result of the integration of Fenix International, ENGIE Mobisol and ENGIE PowerCorner; and develops innovative, off-grid solar solutions for homes, public services, and businesses, enabling customers and distribution partners access to clean, affordable energy. The PAYGo solar home systems are financed through affordable instalments from $0.19 per day and the minigrids foster economic development by enabling electrical productive use and triggering business opportunities for entrepreneurs in rural communities. With over 1,700 employees, operations in nine countries across Africa (Benin, Côte dIvoire, Kenya, Mozambique, Nigeria, Rwanda, Tanzania, Uganda, and Zambia), almost 1.5 million customers and over 7 million lives impacted so far, ENGIE Energy Access aims to remain the leading clean energy company, serving millions of customers across Africa by 2025.

https://www.linkedin.com/company/engieenergyaccess/

Job Purpose/Mission

This person will be responsible to lead and manage a team of Acquisition & Collection Agents, Installations Technician, Dual Contractors, and their customers responsible for the full customer cycle i.e., Acquisition, Collect, Recover, Maintain and Fulfil.

Responsibilities

Business Management

Develop and implement the acquisition operational strategies within allocated Region, as well as align with the Region acquisition targets.

Organizing acquisition activities and functions in the field to achieve targets, revenues, and desired quality of acquisition.

On time and high-quality system installations at the customers premises or any other location as directed by ENGIE Mobisol.

Train Acquisition Agents, Dual Contractors, Collection Agent, Installation Technicians, Maintenance Technicians and in applicable policies, guidelines, processes, and procedures.

Organizing and facilitating regular team meetings according to guidelines provided by Zonal Business Manager standards.

Mentoring each Acquisition Agent, Installation Technician, Maintenance Technician, Dual Contractor to enhance operational performance, motivation, and engagement.

Training and coaching of Acquisition Agents on topics including pitching, acquisition conversation, negotiations, closing, and building of strong and long-lasting relationships with customers.

Stock Management and Coordination

Provide weekly, monthly, and quarterly shop inventory status reports to the Inventory and Logistics teams.

Conduct monthly, quarterly, and End-of-Year physical stock audits (stock-taking) for the shop and/or 3PDs.

Responsible and accountable for the stock (New, Repossessed, Returns, Spare parts, and Demos) in the shops and/or the 3PDs.

Responsible and accountable for stock losses in the shops and/or 3PDs and for the recovery of the stock losses.

Adhere to and abide by the Asset Management and HSE policies of ENGIE Energy Access Tanzania.

Managing Installation and Maintenance Technicians

Coordinate Installation Technicians and Maintenance technicians to ensures systems are installed and maintained.

Support recruitment of new Installation and maintenance technicians in the acquisition Region.

Prepare the monthly installation monitoring report for the Zonal Service Coordinator

Review Control monthly commission payments and payroll follow up on faulty installations and inform Finance Department about deductions.

Ensure repossessions are aligned and coordinated effectively and efficiently with focus to both customer and business profitability

Identify the need for and recruit new contractors with support from Service Network Team Leader

Responsible for disciplinary for installations and maintenance technicians

Portfolio Monitoring

Gathering benchmark data for assessment purpose and analysis of causes of portfolio deterioration.

Conduct initial assessment to establish the applicant's character to eliminate the risk of default.

Managing assigned portfolio by attending work-out categories that should be applied to customers in late repayment such as recovery, extension of grace period, rescheduling, or repossession.

Providing regular portfolio, compliance and routing report to the Supervisor as required

Ensure remedial action is taken when required to keep performance in line with business objectives.

Completing assigned tasks in line with applicable policies, guidelines, processes, and procedures.

Review and update credit and loan files.

Weekly planning and conducting field visits to undertake loan workout activities such as recovery, rescheduling or repossession and further find out why customers are not repaying and advise them on repayment options.

Handle customer complaints and take appropriate action to resolve them.

Follow up and solving all difficult cases that may involve missing customers, theft, forgery etc.

Informing and reporting to ZBM about weekly routing, field visits, and difficult customer cases which need either in-depth negotiation or legal measures.

Subordinates Effectiveness

Managing the daily work and activities of shop acquisition and collection agents.

Deal with complex scenarios that may occur at the shop such theft, fire, violence etc.

Participating in the recruitment of new acquisition and collection agents and training of new and agents.

Conduct periodic performance review of acquisition and collection agents.

Others

Ensure Health, safety and environmental standards are adhered to, through Zonal Service Coordinators.

Undertaking any other duties which may be assigned by the Line Management from time to time.

Knowledge and skills

Experience:

2+ years of relevant sales and operational management experience in a medium sized company

Previous experience in a managerial position is an added advantage.

Experience in Customer Relationship Management

Previous experience in Credit Management activities/roles

Qualifications:

Degree and/or experience in Sales and marketing, Business Administration, Microfinance or its equivalent.

Language(s):

Kiswahili fluency (writing, speaking and reading)

English fluency (writing, speaking and reading)

Technology:

Experience in using Microsoft applications, computer, and smartphone literate.

ENGIE is an equal opportunity employer, promoting diversity and committed to creating an inclusive environment for all. All applications are screened based on business needs, job requirements and individual qualifications, without any regard to origin, age, name, sexual identity, orientation or preference, religion, marital status, health, disability, political opinions, union involvement or citizenship. Our differences are our strengths!

from Jobs in -Danvast Career Search https://ift.tt/Mprzock

[thekarugaedwin]

My WooCommerce Odyssey

My entrepreneurial journey began with a spark – CalculatorKenya. Built on WordPress with WooCommerce at its core, this platform offered everything from PAYE calculations to Vehicle import duties. Step by step, I nurtured it, attracting adsense revenue and even direct advertising from prestigious agencies. It became a go-to resource in Kenya, a testament to the power of a well-built website.

But resourcefulness is key for any entrepreneur. While CalculatorKenya thrived, I started AromaBox, my first pure WooCommerce venture. Inspired by years of shopping on AliExpress and Alibaba, I dove into the world of e-commerce, specializing in aroma diffusers and essential oils. The thrill of that first order, a tangible result of my efforts, is a memory etched in my mind.

AromaBox was just the beginning. Buoyed by customer feedback and a keen eye for market needs, I expanded my offerings. Cuppie Menstrual Cups became a new addition, and a client's appreciation for my BubbleWraps packaging sparked the idea for GoExpress Courier, a daily courier service connecting Athi River and Nairobi. All these ventures, from e-commerce to logistics, were built on the dependable foundation of WooCommerce.

WooCommerce - CMS Champion.

Throughout my journey, WooCommerce, often seen as just an e-commerce plugin, has surprised and empowered me:

Versatility Beyond E-commerce: WooCommerce seamlessly integrates with WordPress, giving it exceptional flexibility. While AromaBox thrived on product sales, CalculatorKenya used it to manage user subscriptions. It truly adapts to your needs.

Effortless Scalability: As my ventures grew, WooCommerce kept pace. It handled the complexities of rental schedule management on DeHumidMaster with the same ease it managed the initial product listings of ThermoPro. Stability and scalability are built-in.

Cost-Effective: WooCommerce is FREE. This was crucial in the early stages of my ventures, allowing me to focus on growth without significant upfront costs.

My story is a testament to the power of WooCommerce as a complete CMS solution. It empowers entrepreneurs to build and scale businesses that go beyond just selling products. As I continue my journey, I'm confident that WooCommerce will be by my side, a champion for innovation and affordability every step of the way.

[paynxt360]

Credable seeks to accelerate embedded finance adoption in emerging markets in 2023

An increasing number of firms, across industry verticals, are seeking to integrate financial services into their core product offering. From e-commerce marketplaces to telecom operators and logistic firms, many businesses are increasingly embedding financial services to drive revenue growth and boost customer retention. Alongside developed markets, the proliferation of embedded financial services can be also seen in emerging markets, where a vast majority of the population still remains unbanked or underserved by conventional financial institutions.

While e-commerce marketplaces, telecom operators, and logistic firms have been playing an important role in driving financial inclusion in lesser developed markets, such as Africa, banking infrastructure providers have been central to the rise of the embedded finance market globally. These firms are allowing businesses, across industry verticals, to integrate financial services for their customers. To further accelerate the adoption of embedded finance products and services, especially in emerging markets, these firms are raising venture capital and private equity funding in 2023.

In March 2023, Credable, an innovative startup in the banking infrastructure space, announced that the firm had raised US$2.5 million in a seed funding round, which was led by Ventures Platform and included participation from Launch Africa, among others. Based in Dubai and focused on the African market, Credable launched two products in May 2022. In Tanzania, the firm launched a 30-day loan product in collaboration with Vodacom M-Pesa. In Kenya, the firm launched a short-term lending product for Diamond Trust Bank. Since then, the firm had entered into various strategic alliances and launched six products across three markets, including Tanzania, Kenya, and Uganda.

In the three markets, where the firm is currently operational, it has garnered widespread traction from consumers as well as businesses. More than 1.2 million people have opened an account on its platform and over 200,000 customers and SMEs have used the banking products offered by Credable in Tanzania, Kenya, and Uganda. The platform offered by Credable has helped disburse US$5 million worth of loans and has attracted US$3 million of deposits into its savings products.

With the March 2023 funding round, the firm is planning to use the capital for expanding its presence in more emerging markets across Africa and Asia, where the regulatory environment is more conducive for business growth. In addition to its strategy of geographic expansion, the firm is also planning to use the capital for launching more products and collaborations in 2023.

To earn revenue, the firm has employed a revenue-sharing model with all of its business partners in Tanzania, Kenya, and Uganda. In Nigeria and Pakistan, the markets where the firm aims to expand its presence in 2023, Credable is expected to adopt the same revenue-sharing model, instead of the cost-per-service model.

The majority of the population still remains unbanked and underserved in Africa. This indicates that Credable has a lot of room to drive its growth and build a profitable business in the region. But to achieve scale and drive mass adoption of its banking products, Credable will need to raise more multi-million-dollar deals from venture capital and private equity players over the next few years.

The fintech ecosystem has expanded rapidly over the last five years in Africa, amid the growing desire to access financial services among consumers. The trend is projected to further continue from the short to medium-term perspective, which means a lucrative growth opportunity for global investors. Consequently, the amount of funding, from venture capital and private equity players, is also expected to increase in the African market over the next five years. All of these factors will keep aiding the embedded finance market growth in emerging markets like Africa from the short to medium-term perspective.

To know more and gain a deeper understanding of the embedded finance industry in Africa, click here.

[ken-research-market-research]

Demand Gap in Kenya Warehousing Market Expected to be Filled by Increase in Foreign Trade Volumes, Market Entry of International Players and Booming Horticulture Industry: Ken Research Buy Now “Despite a major supply gap of modern warehouses, the Kenya warehousing market holds immense opportunity for growth.”

[kenresearchcompany]

Kenya Warehousing Market Outlook, Size, Growth Rate, Analysis, Major Players, Share & Forecast to 2023: Ken Research

Buy Now

Market Overview

A warehouse is a sizable structure used to store produced goods and raw materials. It performs routine warehouse tasks that humans formerly carried out using machines and computers. These tasks include recognizing and accepting orders, counting things, storing them, later remembering their locations, and sending orders to the appropriate location.

The main drivers driving the growth of Kenya's warehousing segment include an increase in the volume of international trade, the entry of foreign rivals into the business, and the rising perishables market in Kenya.

Report Analysis

According to the research report, “Kenya Warehousing Market Outlook to 2023 – By Closed Normal, Open Yard, Closed Ac and Cold Storage; Contract and Owned Warehousing; Industrial Warehouses, ICD, and Cold Storage” emphasizes the expansion of e-commerce, which has increased consumer demand for products through online sales, which would lead to a rise in the warehousing market. The sector's consistent, rapid growth is another aspect that contributes to Kenya's strategic position as the entry point to East Africa and the accessibility of a huge supply of skilled labor.

The FMCG industry has dominated the warehousing market on the basis of increasing trade volume and middle-class customer demand for Asian finished products. In addition, the horticultural sector in Kenya is flourishing and calls for temperature-controlled storage for cut flowers, fresh fruits, and vegetables. Another well-liked sector that has progressively expanded as a result of rising purchasing power and the emergence of supermarkets is retail.

Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=MjQ4NTY2

Open yards usually referred to as god owns, are the most common type of warehouse in Kenya. Temperature-controlled bonded warehouses and specialized cold storage facilities are among the growing number of Grade B and Grade A warehouses. Normal a closed warehouse is more typical than an AC Closed warehouses offer just the most basic comforts, like security against burglary and inclement weather.

Key Players

DB Schenker, Siginon Group, Agility Logistics, Kuehne Nagel, Bollore Transport and Logistics, Freight Forwarders Kenya, etc. are some major key players in the Kenya Warehousing Market.

Regional Analysis

Kenya's two most important cities in terms of trade and logistics are Nairobi and Mombasa. As a result, these two areas in Kenya have become the center of the country's warehousing activity. The majority of these warehouses fall under the Grade C classification and are typically open yard warehouses. In Kenya, Eldoret, Thika, Nakuru, Kiambu, Machakos, and Kakamega are also hubs for warehousing. Investors and logistics businesses are currently looking to relocate to more accessible, less congested, and less expensive alternatives due to overcrowding in the key districts.

Future Outlook

Over the forecast period of 2018-2023, the market for warehousing is anticipated to grow at a double-digit CAGR due to Kenya's plans to become the continent of Africa's manufacturing and commerce industry. The need for freight forwarding and warehousing services is anticipated to rise as a result of rising local industrial and international trade volumes. The demand for modern warehouses and cold storage is also predicted to rise as a result of the influx of foreign investments into Kenyan markets, particularly in the horticulture export sector.

Key Segments Covered:-

Warehousing Market

Revenue By End User

FMCG

Horticulture

Retail

Revenue By Type of Warehouse

Closed Normal

Open Yard

Closed Ac

Cold Storage

Revenue By Contract and Integrated Logistics

Contract

Integrated

Revenue By Operation Model

Industrial/Retail

ICD/CFS

Cold Storage/Freezer/Chiller

Warehousing Space By Region

Nairobi

Mombasa

Others (Eldoret, Thika, Nakuru, Kiambu, Machakos, and Kakamega)

Key Target Audience

Logistics/Warehousing Companies

E-Commerce Logistics Companies

3PL Companies

Consultancy Companies

Real Estate Companies/ Industrial Developers

Time Period Captured in the Report:-

Historical Period: 2013-2018

Forecast Period: 2019-2023

Companies Covered:-

Bollore Transport and Logistics

DB Schenker

Siginon Group

Kuehne Nagel

Agility Logistics

Freight Forwarders Kenya

Key Topics Covered in the Report:-

Kenya Warehousing Market Overview

Value Chain of Kenya Warehousing Market

Kenya Warehousing Market Size

Kenya Warehousing Market Segmentation

Industry Norms and Regulations in Kenya Warehousing Market

Competitive Scenario in Kenya Warehousing Market

Company Profiles of Major Players in Kenya Warehousing Market

Kenya Warehousing Market Future Outlook and Projections

Future Technological Development in Kenya Warehousing Market

Kenya Warehousing Future Market Size

Kenya Warehousing Market Future Segmentation

Analyst Recommendations

For More Information on the research report, refer to below link:-

Kenya Warehousing Market Outlook to 2023: Ken Research

Related Reports:-

South Africa Logistics Market Outlook to 2023 – By Sea, Land, Air Freight Forwarding; International and Domestic Freight, Integrated and Contract Logistics Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Others), 3PL Warehousing, Cold Chain; By Express Logistics and E-commerce Logistics

Saudi Arabia Warehousing Market Outlook to 2023 – By Business Model (Industrial/Retail, Container Freight/Inland Container Depot and Cold Storage), By End Users (Consumer Retail, Food and Beverages, Healthcare, Automotive and Others) and E-Commerce Warehouses

Kenya Freight Forwarding Market Outlook to 2023 – By Sea, Land, Air, Rail and Pipeline Freight; International and Domestic Freight, Integrated and Contract Logistics Freight Forwarding

Indonesia Logistics and Warehousing Market Outlook To 2023 – Driven By Infrastructure Spending For Airport And Seaports Albeit By Poor Existing Road Network    

Follow Us

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Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249

[careerkenyan]

Salaries & Remuneration Commission Secretarial Job

Salaries & Remuneration Commission Secretarial Job Job Purpose This position is responsible for providing secretarial and administrative support to ensure efficient and effective service delivery. Key Responsibilities/ Duties / Tasks Operational Responsibilities / Tasks - Oversee administrative and logistical matters to ensure seamless flow of the Commission’s activities; - Avail office stationery; - Manage e-office for effective research and processing of information; - Utilizing office equipment; - Attend to internal clients and ensure they are satisfactorily served; - Handle both outgoing and incoming calls; - Draft responses and correspondence under the guidance of supervisor; - Safeguard office records, equipment and documents including classified materials; - Safeguard the integrity and confidentiality of data; - Maintain an up-to-date filing system in the office to facilitate ease of retrieval of documents; - Prepare responses to routine correspondence to ensure timely feedback to the clients; - Manage office protocol and etiquette; - Set up meeting rooms with necessary stationery and equipment’s; - Ensure refreshments are served accordingly; - Ensure proper office layout, cleanliness and tidiness. - Provide feedback to enhance business processes and initiate process improvement to achieve operational excellence; and - Develop individual work plans, monitor own performance and seek requisite support to ensure delivery of agreed targets. Job Competencies (Knowledge, Experience and Attributes / Skills). Academic qualifications - KNEC Diploma in Secretarial Studies from a recognized institution or its equivalent. - Professional Qualifications / Membership to professional bodies: Certificate in Secretarial Management Course lasting not less than 4 weeks from a recognized institution or Public Relations & Customer Care Course. - Previous relevant work experience required: Three (3) years of service in a comparable position from a reputable organization. Functional Skills, Behavioral Competencies/Attributes: - Meets the requirements of Chapter Six of the Constitution; - Knowledge of relevant legislation; - Knowledge in professional standards; - Ability to identify customer needs, develop service standards and deliver service excellence; - High level of integrity and Interpersonal skills; - Ability to deliver results in a complex and dynamic environment; - High level of attention to detail; - Ability to work well with teams; and - Ability to work with minimum supervision under strict deadlines. How to Apply Upon granting an offer of employment, the successful candidate MUST present and satisfy the requirements of Chapter Six of the Constitution of Kenya 2010 by providing copies of the following documents; - A valid tax Compliance Certificate from the Kenya Revenue Authority (KRA); - A valid Certificate of Good Conduct from the Directorate of Criminal Investigation (DCI); - A valid Clearance Certificate from the Higher Education Loans Board (HELB); - A valid Clearance Certificate from an approved Credit Reference Bureau (CRB) (Must provide certificate or report); and - A Valid Clearance form from the Ethics and Anti-corruption Commission (EACC) Application to be submitted in a sealed envelope clearly marked at the top “Application for the position of……” and mailed OR delivered to: The Commission Secretary Salaries and Remuneration Commission Williamson House 6th Floor 4th Ngong Avenue P.O. Box 43126 – 00100 NAIROBI To be received on or before 1st August 2022. N.B: Looking For A New Job? Find Your Next Job With Us. Click Here To Register Your CV. It's Free. Audrey Korir2022-07-19T14:36:58+03:00 Read the full article

[newscheckz]

Kenya Pipeline Company: Pushing Boundaries and Soaring

New Post has been published on https://newscheckz.com/kenya-pipeline-company-pushing-boundaries-and-soaring/

Kenya Pipeline Company: Pushing Boundaries and Soaring

Inadequate infrastructure has been blamed for the slow pace of commercialization of crude oil in Kenya as the country seeks about $5 billion (Sh500 billion) to develop and expand fuel facilities.

One state parastatal however is now banking on its vast infrastructure countrywide to foster the future of energy.

Kenya Pipeline Company (KPC) is the country’s prime institution charged with the mandate to enhance, operate and maintain pipeline infrastructure in Kenya.

Now, the oil distribution company seeks to grow in scale as it leverages its comparative advantage in the oil and gas niche.

KPC operates 5 storage and distribution depots for imported refined petroleum products, located in Eldoret, Kisumu, Nakuru, Nairobi and Mombasa and which feed from the Kipevu Oil Storage Facility (KOSF)  in Mombasa.

The company also operates two aviation fuel depots at  Jomo Kenyatta International Airport, Nairobi, and  Moi International Airport, Mombasa.

The company is mandated to transport petroleum products from Mombasa to the hinterland, and through this mandate generates revenue for the Government of Kenya through dividends and taxes.

Unlike some State corporations, KPC does not depend on government subsidies, but is a self-funded commercial enterprise.

OIL

Oil mishandling and pollution can have devastating effects on the environment, and in cases of spillage, it can spread over any surface in a thin film thereby suffocating living organisms beneath.

KPC, however, has been at the forefront of maintaining international standards and quality of oil, mitigating oil-related incidents and setting rules and regulations that govern transportation and usage of petroleum products in the country since its inception in 1978.

As part of its expanding role in the oil and gas subsector, KPC leased Kenya Petroleum Refineries Limited (KPRL) in 2017 and has continue to develop the facility to receive trucked crude oil from the Lokichar Basin which culminated in the first ever crude oil export from East Africa.

The company’s growing investments in KPRL include rehabilitation of crude oil tanks, receipt and discharge pipelines and the connection to the new oil jetty at Kipevu Oil Terminal (KOT). This will culminate in the full acquisition of the facility slated for the current fiscal year 2020/21.

SAFETY

KPC has state-of-the-art product testing laboratories meant for testing all petroleum products before they are admitted into its system.

This ensures all such products meet the applicable international quality standards which translates into safe handling and use by consumers.

The company transports products through pipelines built to international standards; a safe mode of transportation aimed at limiting product exposure to the surroundings.

While within the depots, products are handled in storage facilities fitted with advanced fire detection and protection systems to ensure their safety.

In addition, customer trucks that lift products from KPC depots are subjected to thorough safety inspections as a means of ensuring they are safe to handle such highly flammable products.

Those found not to conform to standards are prevented from accessing depots because they would not only be unsafe to handle petroleum products, but also pose a danger to the depots KPC operates and owns.

TRANSPORTATION AND LOGISTICS

In a bid to ensure that KPC alongside other key government parastatals runs smoothly, His Excellency President Uhuru Kenyatta issued Executive Order No. 5 of 2020 on 7th August, 2020 establishing a framework for the management, coordination and integration of port, railway and pipeline services under the Kenya Transport and Logistics Network (KTLN).

The network brings together Kenya Ports Authority (KPA), Kenya Railways Corporation (KRC) and Kenya Pipeline Company Limited (KPC) under the co-ordination of the Industrial and Commercial Development Corporation (ICDC).

This joint agreement will establish a unified and coordinated national transport and logistics network whose aim is to lower the cost of doing business through the provision of port, rail and pipeline services in a cost-effective manner within acceptable shared benchmark standards.

The collaboration is expected to go a long way in bolstering the business relationship that has existed between KPA, KPC and KRC over decades.

KPC’s funding collaboration has also enabled the Kenya Railways Corporation, the Kenya Defence Forces and the National Youth Service rehabilitate the Nairobi-Nanyuki Railway, which is going to be transformative for the Mt Kenya and Northern Kenya regions.

In effect, the extra revenue generated by Kenya Pipeline has been used to partly fund the President’s Big 4 Agenda being: food security, affordable housing, manufacturing and affordable healthcare for all.

KPC, through special dividends remitted to the Exchequer, has contributed Sh1.8 billion for the Nairobi-Nanyuki railway refurbishment; Sh2.7 billion for the Nakuru-Kisumu railway line rehabilitation and Sh400 million for the Port of Kisumu upgrade.

It further remitted an extra Sh11.2 billion to the Government in the 2019/20 financial year. All this revenue contributes to stimulation of Kenya’s economic recovery and growth.

COVID-19 MEASURES

As the effects of Covid-19 ravaged the country, KPC rolled out a free sanitizer campaign. “Amidst the hard-economic times, we unburdened the poor and vulnerable members of our society from buying sanitizers.

The trust between us, the Oil Marketing Companies and other like-minded stakeholders ensured that we successfully rolled out the campaign.

We produced over 1.6 million litres of sanitizer which was distributed to the most vulnerable groups in all 47 counties,” said Dr. Irungu.

In addition, KPC donated Sh55 million to the National Youth Service to produce masks which went a long way in assisting the less fortunate access masks.

Over 1.5 million masks were produced and distributed to the most vulnerable groups in the society across the 47 counties in Kenya.

FIBRE-OPTIC CABLING

To keep up with the developments and rate of growth in the sector, KPC has embraced modern technologies and trends to ensure work is quicker, more efficient and secure.

According to Dr. Irungu, the Corporation has capitalized vastly on a modern 96 core fiber optic cable that is about 1,000 KMs long across the cable plant.

“This network cable runs along the company’s pipeline network from the port city of Mombasa to Nakuru where it branches off to both Eldoret and Kisumu.

We are licensed by the Communications Authority of Kenya to lease the fiber resource to telecommunications providers who in turn use it to carry data traffic through a Tier 2 Network Infrastructure License.

Our partners in the data carrier space include Safaricom PLC, Jamii Telecom, & Wananchi Telecom,” he mentioned.

The cable design is so flexible that it enables these telecommunication service providers to serve their clients in townships along the Mombasa-Nairobi-Nakuru-Eldoret & Kisumu commercial corridor and the surrounding areas comfortably without experiencing lagging and downtime.

Despite stiff competition in high speed internet provision in the region, KPC’s fiber cable offering remains the most sort after and secure over the competition’s due to its enhanced protection against damage or fiber cuts.

This is also coupled with the fact that it runs underground next to the oil pipeline thus making it highly available and extremely reliable for internet and other data services at 99% availability. 

MORENDAT INSTITUTE OF OIL AND GAS

Morendat Institute of Oil & Gas (MIOG), is a Centre of Excellence established through an EAC Heads of State Summit resolution to offer capacity building in oil pipeline management, operations and maintenance in the Great Lakes Region.

The institute embraces the competency-based education and training model which calls for 70% practical, and 30% theory training.

This methodology which embodies theoretical and skills-based training, offers programs which can be accessed both online and offline; thus it prepares and assesses trainees through real life, hands-on training.

Programs are embedded in two standard classrooms with more than 80 specialized training programs which can be accessed by between 24 to 30 students simultaneously.

The 80 programs contain 4,800 lessons and about 1,000 interactive experiments.

The COVID-19 pandemic negatively impacted the smooth running of MIOG’s training schedule due to the need for social distancing.

The new normal occasioned by the coronavirus reality has compelled the Institute to embrace an online competency-based curriculum, despite other learning institutions having closed their educational facilities for almost a year.

The most affected courses were technical ones which cannot be considered complete without the trainees’ undergoing the actual hands-on training experience.

To ameliorate these effects, the Institute made use of its Smart Classroom technology which was introduced in 2019 and established in line with KPC’s Vision 2025 which aims at setting up an oil and gas investments hub in the region, thus entrenching Kenya as the gateway to East & Central Africa.

Among the online courses successfully conducted during the pandemic were: Workplace Safety, Health and Environment, Fundamentals of Oil and Gas Operations, permit to Work (PTW) Systems, and Domestic Safety.

MIOG is accredited by Technical, Vocational and Education Authority (TVETA) and complies with the Kenyan TVET Act, Curriculum Development Assessment and Certification Council (CDACC), and the National Qualification Authority (NQA) rules and regulations.

CORPORATE SOCIAL INVESTMENT

KPC has established strong Corporate Social Investment (CSI) programs where its collaborates closely with all the communities in Kenya, and especially those neighbouring our installations which include depots, pump stations and other facilities along our easement which stretches from Mombasa, traversing 14 Counties to Kisumu and Eldoret.

These CSI programs include a scholarship program famously known as “Inuka”, meant to benefit the needy and People Living with Disability (PWDs).

The twofold program; Inuka Social Empowerment Program, is aimed at enabling PWDs – access skills-based training and other economic opportunities; and the Inuka Scholarship Program enables PWDs access secondary level education.

Since its inception in 2016, the Company has consistently sponsored beneficiaries in all the 47 counties through the Inuka Scholarship Program, educating one child per county.

“Through the company’s CSR, we have been able to offer scholarship to children living with disabilities to access secondary school education.

I can happily confirm that we have enrolled a total of 188 girls and 188 boys under the special program,” said Dr Irungu.

Those who will successfully complete their secondary school education will continue to enjoy the company’s support until they achieve their aspirations in their chosen fields.

Through the scholarship program, KPC has spent approximately Sh52 million, translating to Sh14 million every year.

In addition, the Company has built a girls’ dormitory at Karare Secondary School in Marsabit County to retain girls in school where they are encouraged and mentored to take up science courses as well as motivate them to value education.

Considering that the locality in the past has considered girl-child education a waste of time and resources, this is a great feat.

Educational sponsorship is just one of many programs the company is supporting through its Foundation.

Such programs are aligned with focused areas as detailed in its CSI policy. These programs cover different sectors such as: education, health & environment, water and sanitation, sports for development and support for special groups, among others.

Other successful CSI projects include: Kochodin High School in Turkana County where KPC donated Kshs 10 Million towards the construction of a dormitory, two classrooms and two pit latrines.

This is in realization of an earlier promise by His Excellency, President Uhuru Kenyatta, to the people of Ngamia 1 in Turkana County.

At the cost of Sh5 Million, KPC also constructed a modern science laboratory at Lokitaung Girls High School in Turkana South.

This in line with the company’s policy to empower girls in science related subjects. Other key projects backed by the Company include the construction of four classrooms at Uswet Primary School the construction of a modern Library at Hema Secondary School in Kisii County, sponsorship of medical camps across the country as well as sponsoring various sports disciplines and clubs.

[un-enfant-immature]

Sote wants to be Africa’s shipping logistics gateway

The twenty first century could be a period of unprecedented economic growth and social change for the African continent, which is poised for explosive change, but much of that change is predicated on an outmoded trade infrastructure that hasn’t changed much since the beginnings of the last century.

That’s the problem that Sote, a company which has just raised $3 million in seed funding to support its Nairobi and San Francisco operations designed to transform the logistics infrastructure for African shipppng — starting with customs clearing and forwarding.

The goal is no less than becoming the digital logistics gateway to the African continent.

“They are trying to transform an industry that hasn’t seen any innovation in a century. That’s the case with receiving and forwarding on the continent,” said Marlon Nichols, a co-founder and managing director of MaC Venture Capital and an investor in Sote’s seed round. “It’s so dense and there’s limited open waterways. The only way to move things is by vehicle. There’s a lack of infrastructure inside the continent and limited ways to get things into the continent. The traditional method was just taxing… the difficulty of clearing something through customs.”

Sote, “creates transparency and will open up Africa for busines,” Nichols said. 

Image Credits: Sakarin Sawasdinaka (opens in a new window) / Shutterstock (opens in a new window)

Initially, Sote’s pitching a software service enabling customs clearing and forwarding to give industrial cargo owners a central dashboard for all of the parties involved in the process.

While logistics startups like Flexport have managed to amass a $22 billion valuation for logistics services, the African continent has been underserved by tech developers, Nichols said. And Sote is hoping to change that.

The company’s software can serve as a workflow tool to manage freight clearing and forwarding as well as a dashboard to track shipment status, payment history, and the estimated arrival time for containers.

Founded by the Kenyan native Felix Orwa and co-founders Meka Este-McDonald, a former product manager at Verizon and Gigster, and Scott Yacko a former director of software engineering at Amazon and director of architecture at Walmart.

MaC Venture Capital puts the total addressable market that Sote could tap at roughly $20 billion, given the company’s vertical integration.

It can work with companies like Kobo Networks and Lori Systems, which have both built large, venture-backed businesses handling the land-locked logistics problems of finding truck transport to bring goods to local markets.

There are roughly 20 million containers that move through Africa annually, and over 1 million containers move through Sote’s initial home market of Kenya. Kenya actually accounts for one sixth of Africa’s shipping market, and is the fifth-busiest port on the continent as well as the gateway to Eastern African nations like Tanzania, Uganda, Somalia, Rwanda and South Sudan.

The company charges approximately $1,000 per container handled, and if it were to handle transport of a fraction of a percent of the total number of containers shipped, it could hit $100 million in annualized revenue in the next ten years, according to MaC Venture Capital’s predictions.

Este-McDonald and Orwa have been working on the business for the past three years.

“Our foundational product is actually like Flexport,” Orwa said. “What we do for customers is what Flexport does in the U.S. we help manufacturers move cargo across … they don’t get into having to get into a license and all that. Flexport does because you have to clear the cargo and pay the taxes. We are licensing with the government agency and helping to pay the taxes.”

Ultimately, Sote expects to handle warehousing services and book transportation on trucks. “That process — to move one container — requires 60 back and forth messages of calls and texts and emails flying back and forth between all of these players,” said Orwa.

Additional backers who put up cash for the company’s seed round, which closed last month, include Acceleprise, Backstage Capital, Future Africa and Rob Solomon — the chairman at GoFundMe. Nichols is taking a seat on the company’s board. 

[ratiram]

“On the back of the new Intra-regional trade and improving foreign trade ties, the logistics sector in Africa experienced a growth in 2018.”

Analysts at Ken Research in their latest publication “Africa Logistics and Warehousing Outlook to 2023- By Countries (South Africa, Kenya, Tanzania, Uganda, Nigeria, Namibia and Botswana), Freight Forwarding (Mode of Freight (Road, Rail, Air, Sea and Pipeline), By End Users and by Contract Logistics and Integrated Logistics Warehousing (Type of Warehouses, By End Users and by Contract and Integrated Logistics" believe that the Logistics and Warehousing market of the continent is at its growing stage. Growth in the intra regional trade would help boost the market.

Intra Regional Trade: With the help of the African Continental Free Trade Area there comes an establishment of a single continental market for goods and services which seeks to increase intra-African trade by cutting tariffs by 90% and harmonizing trading rules at a regional and continental level. If the trade agreement turns out to be successful the intra-African trade is expected to increase by 52.3% by 2022.

Growing Third Party Logistics: Growth of Third Party Logistics in Africa has increased by sharing assets, warehousing capacities, and even truckloads. This can enable you to bridge efficiency gaps, avoid under- and over-capacities, reduce the cost of specialized freight services, and eventually foster horizontal collaboration in the sector. This has helped both the prominent and the local players as the former is able to have a larger reach to the clients whereas the latter is able to have an access to their fleet.

Higher Cost of Logistics: The cost of logistics and warehousing in the continent is extremely high as compared to other regions.  In some areas of the continent the transport cost even accounts for a higher trade barrier than the import tariffs or any other trade restrictions. For the East African Community the logistics cost range between 1.7% and 2.8% of the GDP of those economies. Even a single day’s reduction in the inland travel times could lead to a 6-8% increase in the exports which is almost equivalent to the increase in exports which would have taken place with a 1.5% cut in import tariffs of a country.  It has also been estimated that a 10% drop of the logistics costs could help increase trade by 25% across the continent.

Retailers and Wholesalers are Major End Users: The largest revenue providers for the logistics market are the retailers and the wholesalers. Slower retail growth in South Africa has made the logistics companies explore other countries such as Algeria, Kenya and Angola. With respect to Algeria, the retail industry logistics is expected to grow by double digits by 2020. The government of Algeria has plans for the construction of a deep water port at El Hamdania which would also act as a catalyst for the growth of logistics in Africa.

Key Segments Covered

Africa Logistics and Warehousing:

By Service Mix (Freight Forwarding, Warehousing and Courier and Parcel Activities)

Africa Freight Forwarding:

By Mode of Service (Road Freight, Rail Freight, and Air Freight)

By Contract and Integrated Logistics

By End Users (Food, Beverages and Consumer Retail, Automotive and Healthcare and Others)

Africa Warehousing

By Type of Warehouses (Open, Closed, Cold Storage)

By End Users (Food and Beverages, Automotive, Consumer Retail, Healthcare and Others)

By Contract and Integrated Warehousing

Africa Companies Covered

Bollore Africa Logistics

Kuehne Nagel

DHL

Maersk

DSV Panalpine

CEVA Logistics

DB Schenker

Country Profiles

Botswana

Namibia

Tanzania

Uganda

Kenya

Nigeria

South Africa

Key Target Audience

Freight Forwarding Companies

Freight Forwarding Consultancy Companies

Contact Logistics  Companies

Warehousing Companies

Warehousing Consultancies

Venture Capitalists, PE

Freight Tech Companies

Investment Banks

Time Period Captured in the Report:-

Historical Period – 2013-2018

Forecast Period – 2019(E) -2023 (E)

Key Topics Covered in the Report:-

Logistics Infrastructure in Africa

Africa Freight Forwarding Market Overview

Africa Freight Forwarding Market Size Country Profiles (Botswana, Namibia, Tanzania, Uganda, Kenya, Nigeria and South Africa)

Competitive Scenario in Africa Freight Forwarding Market

Company Profiles of Major Players in Africa Freight Forwarding Market

Africa Freight Forwarding Market Future Outlook and Projections

Africa Freight Forwarding Future Market Size

Africa Freight Forwarding Market Future Segmentation

Analyst Recommendations

Africa Warehousing Market Sixe

Competitive Scenarios in Africa Warehousing Market

Africa Warehousing Future Outlook and Projections

Warehousing Future Market Size and Segmentation

Analyst recommendation

Snapshot on Africa courier , Express and Parcels Market

For more information on the research report, refer to below link:

Africa Logistics and Warehousing Market

Related reports

Uganda Logistics and Warehousing Market Outlook to 2022/23 – By Rail, Land, Air Freight Forwarding; International and Domestic Freight, Integrated and Contract Logistics Freight Forwarding, By warehousing (Industrial / Retail, Container Freight / Inland Container Depot and Cold Storage), By Courier and Parcel

Nigeria Logistics and Warehousing Market Outlook to 2023 – By Sea, Land, Pipeline, Air Freight Forwarding; International and Domestic Freight, Integrated and 3PL Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Others), By End Users, 3PL Warehousing, Type of Warehouses; By Courier Express and Parcel Logistics and E-commerce Logistics

Contact Us:

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

[letscreateafricaorg]

New post in LET'S CREATE AFRICA (L.C.A.): quantities; re-order levels and J.I.T. Work to ensure that requisitions, orders, purchase justifications and other documentation are clear and correct Work to ensure that internal stakeholders obtain approvals for commitments to requisitions, orders and invoices Develop, hone and execute improved supply chain strategies across all channels Ensure efficient supply chain and administration operations Achievement of cost cutting strategies to increase revenue Effective delivery of consignments by tracking shipments for various channels Competitive pricing Reduced costs from monitoring of inventory Accurate reports on buying expenditure and cost saving Minimum Skills and Qualifications Required Bachelor degree in a business related field – Commerce, Economics, Administration (Compulsory) UK Chartered Institute of Procurement & Supplies Level 6 (Compulsory) Computer proficiency and knowledge of working with ERP (Enterprise Resource Planning) Software Registered Member of KISM and/or CIPS At least 5 Years’ Experience in supply chain A high level of integrity Talent in negotiation and networking Project management and planning Time management skills Interest in market dynamics along with business sense Excellent communication and Interpersonal skills Determination and Persistence Flexibility and ability to support the entire supply chain network (inbound/operations/outbound logistics) How to Apply WE are delighted to have you join our journey to bring about change in the world. WE are proud and excited to have you as part of our team! WE sincerely thank all those who will apply, however only shortlisted candidates will be contacted. Please send your cover letter and resume (indicating your current salary) to infokenya@we.org on or before 12th August 2019. [7/25, 09:39] Nelson Komba: French-English Interpreter Date: 23 July 2019 Organization: Chemonics Country: Kenya Closing date: 26 Jul 2019 SCOPE OF WORK I. PROJECT BACKGROUND The purpose of the Global Health Supply Chain Program – Procurement and Supply Management (GHSC-PSM) is to ensure uninterrupted supplies of health commodities in support of USG-funded public health initiatives around the world. The project provides direct procurement and supply chain management support to the President’s Emergency Plan for AIDS Relief (PEPFAR), the President’s Malaria Initiative (PMI), Population and Reproductive Health, and Maternal and Child Health and Zika. In supporting USG-funded global health activities, GHSC-PSM will develop and manage a wide array of services for health commodity procurement and related systems strengthening technical assistance encompassing different elements of a comprehensive supply chain. In Mali, GHSC-PSM supports country strategies and priorities that fall under the following three project objectives: · Global Commodity Procurement and Logistics · Systems Strengthening Technical Assistance · Global and Local Collaboration to Improve Long-Term Availability of Health Commodities Ultimately, GHSC-PSM activities aim to reduce stock outs and wastage of medicines and other pharmaceutical products, as well as to improve the availability and accessibility of health products to the Malian population, with particular attention focused on priority health products such those used for HIV/AIDS, malaria, reproductive and sexual health, and maternal and child health. From on/about September 9-13, 2019 a delegation of three staff from the Government of Mali accompanied by project staff Dr. Yacouba Goita will conduct a research study tour of KEMSA’s central warehouse, hold meetings with KEMSA’S senior management, and tour KEMSA’s closest cross-docking distribution center with the expressed aim of improving operations at the prefabricated warehouses and the new warehouse management system (SAGE X3 ERP) in Mali. The delegation is francophone and needs interpretation services to ensure the success of their visit. II. POSITION DESCRIPTION The Interpreter will be responsible for: · Roughly translate any technical documents provided during the study tour for the https://ift.tt/2JTiJLN

[ken-research-market-research]

Kenya Logistics Market Forecast and Analysis: Ken Research Buy Now How Kenya Logistics And Warehousing Market Evolved? Logistics is vital for the economic performance of any economy.

[kenresearchcompany]

Kenya Logistics and Warehousing Market Outlook to 2023: Ken Research

Buy Now

Market Overview

Any economy's ability to perform economically depends on logistics and warehousing. Like other African nations, Kenya has structural problems with its logistical infrastructure, but the ease of doing business and a supportive political environment have helped it advance. In 2018, Kenya was ranked 68 in the Logistics Performance Index and 61 in the East of Doing Business Index. Over the past few years, the Kenya Logistics Market has shown excellent expansion. The main causes of the development included government initiatives like the Standard Gauge Railway (SGR), Kenya's advantageous location as the gateway to East Africa, and the growing retail and import sectors.

Report Analysis

According to the research report, “Kenya Logistics and Warehousing Market Outlook to 2023 – By Sea, Land, Pipeline, Air Freight Forwarding; International and Domestic Freight, Integrated and 3PL Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Others), 3PL Warehousing, Type of Warehouses; By Courier Express and Parcel Logistics and E-commerce Logistics” states that the market is anticipated to benefit from the expansion of infrastructure and construction industries. In addition, it will grow from increased industrial activity, e-commerce, and an influx of foreign businesses into the nation during the projected period of 2023.

The rise of the freight forwarding market in Kenya was significantly influenced by the F&B, FMCG, and industrial sectors. Due to improvements in the road infrastructure, it was found that road freight was the most desired mode of transportation, followed by air and sea freight. There are several challenging terrains in Kenya that are inaccessible by any other form of transportation. The Kenya freight forwarding market's top revenue source was Asia.

The Kenya warehousing business had expanded slowly due to the severe shortage of high-quality, contemporary warehouses. One of the major areas of logistics that calls for increased funding and technological innovation is warehousing. It is anticipated that the development of automation technology and more sophisticated inventory management systems would aid in the expansion of the warehouse sector.

Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=MjQ4NTcw

Compared to the US and China, the African continent's E-Commerce market grew relatively late and only accounts for 0.6 percent of total transactions in 2017. According to estimates, Kenya's e-commerce market is valued KSh 4.3 billion.   As the industry expands, so do the market's logistical requirements, particularly in the express delivery sector.

Key Players

Some major key player companies in Kenya’s Logistics and Warehousing Market are DB Schenker, CEVA Logistics, Panalpina, FedEx TNT, Panalpina, Agility Logistics, DHL, Bollore, Siginon, Kuehne Nagel, Freight Forwarders Kenya, and some others.

Future Prospects

In the forthcoming years, Kenya’s market growth is anticipated to be attributed to the warehousing segment's higher growth rate than the dominant freight forwarding segment. In order to offer better customer service, logistics organizations are anticipated to invest in cutting-edge technological solutions including autonomous logistics, real-time tracking, and automation. Incorporating cutting-edge technology-based solutions can aid logistics service providers in efficiently delivering goods in light of the expanding global trade. Additionally, construction industries will be the main factor for the growth, which has sparked a wave of construction projects in the nation, increasing trade and storage activities.

For More Information on the research report, refer to below link:-

Kenya Logistics and Warehousing Market Outlook to 2023: Ken Research

Related Report:-

South Africa Logistics Market Outlook to 2023 – By Sea, Land, Air Freight Forwarding; International and Domestic Freight, Integrated and Contract Logistics Freight Forwarding; By Warehousing (Industrial/ Retail, ICD/CFS, Cold Storage, Others), 3PL Warehousing, Cold Chain; By Express Logistics and E-commerce Logistics

Saudi Arabia Warehousing Market Outlook to 2023 – By Business Model (Industrial/Retail, Container Freight/Inland Container Depot and Cold Storage), By End Users (Consumer Retail, Food and Beverages, Healthcare, Automotive and Others) and E-Commerce Warehouses

Kenya Freight Forwarding Market Outlook to 2023 – By Sea, Land, Air, Rail and Pipeline Freight; International and Domestic Freight, Integrated and Contract Logistics Freight Forwarding

Indonesia Logistics and Warehousing Market Outlook To 2023 – Driven By Infrastructure Spending For Airport And Seaports Albeit By Poor Existing Road Network

Follow Us

LinkedIn | Facebook | Twitter | YouTube

Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249

[workfromhom]

Chipper Cash convinces Joe Montana to invest in African fintech

The African no-fee, cross-border payment startup Chipper Cash has raised a $2.4 million seed round led by Deciens Capital.

The payments company also persuaded 500 Startups and Liquid 2 Ventures—co-founded by Joe Montana—to join the round.

Chipper Cash’s Ugandan chief executive, Ham Serunjogi, pitched the U.S. football legend directly. “He was quite excited about what we’re doing and his belief that the next wave of [tech] growth will come from…Africa,” Serunjogi told TechCrunch.

Chipper Cash went live in October 2018, joining a growing field of fintech startups aiming to scale digital finance applications across Africa’s billion plus population.

The venture Serunjogi co-founded with Ghanaian Maijid Moujaled offers no-fee, P2P, cross-border mobile-money payments in Africa.

Based in San Francisco based startup—with offices in Ghana and Nairobi—Chipper Cash has processed 250,000 transactions for over 70,000 active users, according to Serunjogi.

In conjunction with the seed round, Chipper Cash is launching Chipper Checkout: a merchant focused, C2B, mobile payments product.

This side of the startup’s offerings isn’t free, and Chipper Cash will use revenues from Chipper Checkout—in addition to income generated from payment volume float—to support its no-fee mobile money business.

Sheel Mohnot, who led 500 Startups’ investment in Chipper Cash, likened company’s model to PayPal.

“When PayPal started it was just a consumer to consumer free app. It still is free for consumer to consumer, they but they monetized the merchant side. That model is tried and tested. It just doesn’t exist in Africa, so Chipper has the opportunity to do that,” he told TechCrunch.

In addition to Kenya’s M-Pesa—the global success story for digital payments—there are a number of mobile money products in Africa, from MTN’s Mobile Money in Ghana to Tigo Pesa in Tanzania.

The limiting factor, though, according to Chipper Cash’s CEO is interoperability, or that mobile-money transfers across product platforms, currencies, and borders generally don’t work.

“Our tech settles cross-border currency transactions in real-time, and that’s part of the value proposition of the platform,” he said.

The startup will expand beyond its current four country operations in Ghana, Kenya, Rwanda, Tanzania, and Uganda within the next 12 months. Chipper Cash also plans to tap the global remittance market for Sub-Saharan Africa, a large pool of roughly $38 billion, in the near future.

Remittances won’t be the firms’ top focus, however. Serunjogi believes there’s more volume to be found within Africa. “Demographics, migration, and regional economic-integration within the continent means there’ll be an infinitely growing amount of cross-border commercial activity within Africa,” he said. “When it comes to payments, the pie is growing and…the percentage of that pie that is digital payments will also grow.”

The journey for Chipper Cash’s founders from Africa to founding a startup and pitching to Joe Montana passes through Iowa. Serunjogi and Moujaled met when doing their undergraduate degrees at Grinnell College.  Stints at Silicon Valley companies followed: Facebook for Serunjogi and Flickr, Yahoo!, and Imgur for Moujaled.

Chipper Cash was accepted in 500 Startups’ Batch 24 in 2018 and their demo day for the accelerator program gained the attention of Liquid 2 Ventures.

The VC fund’s Rocio Wu invited them to pitch to Joe Montana and the team in March 2019.

“Africa is extremely fragmented with different languages, cultures and currencies, Chipper Cash is uniquely positioned to tackle cross-border mobile payments with interoperability,” Wu told TechCrunch on the investment.

Wu will join Chipper Cash as a board observer. The startup is the second Africa investment for the fund. Liquid 2 Ventures is also an investor in logistics startup Lori Systems, the 2017 Startup Battlefield Africa winner.

Startups building financial technologies for Africa’s 1.2 billion population are gaining greater attention of investors. As a sector, fintech (or financial inclusion) attracted 50 percent of the estimated $1.1 billion funding to African startups in 2018, according to Partech.

By a number of estimates, the continent’s 1.2 billion people represent the largest share of the world’s unbanked and underbanked population. An improving smartphone and mobile-connectivity profile for Africa (see GSMA) turns this scenario into an opportunity for mobile based financial products.

As more startups enter African fintech, Chipper Cash believes it can compete on its cross-currency and no-fee offerings and the growing size of the market. “It’s so large that it is unlikely to be a zero-sum game in terms of who wins. There will be multiple successful players,” said Serunjogi

Chipper Cash also joins a list of African founded, Africa focused fintech firms that have chosen to set up HQs in San Francisco with offices and operations on the continent. Payments gateway company Flutterwave and lending venture Mines.io (both with Nigerian founders) maintain SF headquarters with operations in Lagos. Serunjogi touts the benefits of this two continent organizational structure for access to both VC and developer markets in the U.S. and Africa.

As for Chipper Cash’s continuing relationship with investor Joe Montana, “Having access to a someone with the leadership qualities of Joe to provide advice and guidance…that’s something that’s priceless,” said Serunjogi.

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[businessliveme]

Innovate to stay competitive: David Kalife, CEO of Oman Oil Marketing Company

Oil and gas companies need to innovate to stay competitive, says David Kalife, CEO of Oman Oil Marketing Company. Excerpts from an interview

How is Oman’s economy going to shape up in 2020? And what is your industry outlook?

We are positive about the country’s growth next year. According to the International Monetary Fund (IMF), Oman should become the fastest growing economy in the region with real GDP expected to grow by 6.2 per cent, a significant increase on its previous estimation of 2.7per cent. We are anticipating a rise in oil prices as well as an increase in the oil and gas production in Oman. The IMF economic outlook report forecasts that an oil price hike will improve the current accounts of the GCC countries in 2020, pointing out that each GCC country will likely use different financial tools to enhance its resources. Production and demand for fuel is growing and oil and gas companies need to innovate to stay competitive and keep the fuel flowing.

For resource rich-economies such as ours, the high reliance on hydrocarbon revenues, together with the risk of fluctuations in prices, create various pitfalls, which is our greatest challenge. Preempting this challenge, our company is building on our continuous success by exploring new investments, joint ventures, and growing non-fuel revenues. We view diversification as an important strategy in line with our objective of achieving an income base that is separate from and non-reliant on Oman’s direct oil revenues. We believe in bringing “more & better” to customers instead of the classic “more or better”.

Digital transformation has affected all areas of the economy: it is known as digital disruption. According to Accenture, the digital economy now represents 22.5 per cent of global gross domestic product (GDP). Companies that meet consumers’ digital needs will gain a competitive advantage over others. Diversification of products and services is key and fuel retailers need to pursue non-fuel revenue streams. OOMCO has been developing a solid expertise in that field while transforming itself and the fuel market in Oman.

How was the year 2019 for Oman Oil Marketing Company and the fuel industry in general?

This year we celebrated 15 successful years of sustainably transforming the fuel industry, as per our vision, while driving Oman’s economy forward and achieving over 40 per cent market share in the fuel market. This year, we also introduced our first in-country-value (ICV) report to showcase our accomplishments and we study how we can do more year-after-year. Working towards our ICV commitments and delivering sustained value to the Sultanate. In 2019, OOMCO continued to introduce innovative products and services across all aspects of the business, both locally and internationally.

We now operate 224 service stations across Oman: these have been enhanced by the launch of several new, global restaurant chains including Café Amazon, Debonairs Pizza and Steers. Also, we partnered with the Ministry of Transport & Communications (MoTC) earlier in the year to build five temporary mobile service stations in Al Rustaq on the Al Batinah Expressway: offering fuel, food, and shopping services. The 1,000 sqm stations also include prayer rooms and food / beverage facilities. Our service stations are transforming in integrated service hubs: we create a delightful experience for our customers through convenient and quality products and value-added services. Drivers and their family alike visit our service stations as a destination, no longer to fuel their vehicles only.

Strengthening our commitment to sustainability, we currently have seven solar-powered service stations, six of which are connected to the MEDC grid; we have also introduced another Electric Vehicle (EV) charger after offering the first EV charger on a service station in Oman in 2018. On our global expansion journey, we have opened three more service stations in Dammam, taking our presence in Saudi Arabia to 4 sites. We also made headway on our foray into Tanzania with our new office in Dar Es Salaam and opening our first fuel station before the end of 2019.

As for the sector as a whole, 2019 has been a year of unprecedented change: although the Sultanate is diversifying away from the hydro-carbon sector, demand remains strong but environmental and sustainability trends have altered this fuel demand. In addition, digitalisation continues to have a transformational impact on the sector, as it is on all sectors. Oman Oil Marketing Company is utilising these challenges as a catalyst to grow and evolve, and our dogged commitment to expanding our global footprint and promoting our brand in Oman and throughout the world, has set us in good stead for the next phase of growth.

Can you please update us on the status of OOMCO’s in-port bunker terminal at the Port of Duqm?

The company’s Duqm Bunker Terminal Project is on track for completion in 2021. The 30,000 m3 bunker terminal, which will supply marine fuels of required grades to ships in and around the port, will enhance the services available to attract ships to Duqm and thus contribute to the port’s growth.

In the logistics sector, our company has been developing its bunker fuel business for several years. With a strategic plan to ensure a long-term cost-effective supply of bunker fuels in ports across Oman, we are focused on building physical storage facilities, including a bunker fuel terminal to be constructed at the Port of Duqm, the country’s maritime logistics hub.

Can you talk about the future plans and major areas of innovation for your company in 2020?

We’re geared up for another exciting year and in 2020 we will be pushing forward with our global footprint agenda, diversifying our revenue streams while exceeding our customers’ needs with continuous innovation. We strive on anticipating trends and customer wants as shown with our MEGA service station concept. Our 2025 road map includes several objectives in remaining an industry leader in Oman, and being in the top five fuel marketers by market share in GCC as well as increasing distribution of lubricants and extending our network of service stations beyond the Sultanate.

We are also pushing ahead with our ambitious plans to set up service stations outside the country as well as expand our lubricants sales in new countries such as Kenya, Qatar and Bahrain while targeting sustainability. Our first MEGA service station in Oman it’s fuel services at Sultan Qaboos University (SQU) last November: a fully integrated service hub right on campus, providing access to shops, food products and other innovative and quality services unfound till date on the same site in Oman. In addition, two new MEGA stations with a host of facilities including money exchange outlets, gyms, restaurants, post offices, a laundry, play areas for children and shopping centers for families are set to open in Oman during 2020.

In line with the Sultanate’s drive to support clean energy, we will also be rolling out the first green service station in the Sultanate. The innovative facility in Rusayl (northeastern Oman) will comprise of a range of unique eco-friendly features including solar panels, LED lights, a Vapor Recovery System (VRS) and an electric vehicle (EV) charger. The station is set to open on January 8th, 2020: this is the latest in a long list of environmental preservation practices adopted by OOMCO.

More broadly, we will be exploring new investments, joint ventures, while continuing to invest in human capital in order to be part of the top 5 fuel marketers in the GCC by 2025. We will continue to build long-term and fruitful partnerships with local companies, SMEs and international companies, as well as deliver cutting-edge technology and incorporate the use of innovative technology in all services provided. Above all, we will continue to build on our commitment to add value to our customers’ lives in a convenient and delightful manner, with more and better services and products. We are always finding innovative ways to energize our customers’ journey and provide them with the quality products and services.

The post Innovate to stay competitive: David Kalife, CEO of Oman Oil Marketing Company appeared first on Businessliveme.com.

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Chipper Cash convinces Joe Montana to invest in African fintech

New Post has been published on https://financeguideto.com/awesome/chipper-cash-convinces-joe-montana-to-invest-in-african-fintech/

Chipper Cash convinces Joe Montana to invest in African fintech

The African no-fee, cross-border payment startup Chipper Cash has raised a $2.4 million seed round led by Deciens Capital.

The pays company also persuaded 500 Startups and Liquid 2 Ventures–co-founded by Joe Montana–to join the round.

Chipper Cash’s Ugandan chief executive, Ham Serunjogi, pitched the U.S. football legend immediately. “He was quite aroused about what we’re doing and his belief that the next wave of[ tech] growth will come from…Africa, ” Serunjogi told TechCrunch.

Chipper Cash went live in October 2018, joining a growing field of fintech startups aiming to scale digital finance applications across Africa’s billion plus population.

The venture Serunjogi co-founded with Ghanaian Maijid Moujaled offers no-fee, P2P, cross-border mobile-money pays in Africa.

Based in San Francisco based startup–with offices in Ghana and Nairobi–Chipper Cash has processed 250,000 transactions for over 70,000 active users, according to Serunjogi.

In conjunction with the seed round, Chipper Cash is launching Chipper Checkout: a merchant focused, C2B, mobile payments product.

This side of the startup’s offerings isn’t free, and Chipper Cash will use revenues from Chipper Checkout–in addition to income generated from pay volume float–to support its no-fee mobile money business.

Sheel Mohnot, who is heading 500 Startups’ investment in Chipper Cash, likened company’s model to PayPal.

“When PayPal started it was just a consumer to customer free app. It still is free for consumer to consumer, they but they monetized the merchant side. That model is tried and tested. It simply doesn’t exist in Africa, so Chipper has the option of being do that, ” he told TechCrunch.

In addition to Kenya’s M-Pesa–the global success tale for digital payments–there are a number of mobile fund products in Africa, from MTN’s Mobile Money in Ghana to Tigo Pesa in Tanzania.

The limiting factor, though, according to Chipper Cash’s CEO is interoperability, or that mobile-money transfers across product platforms, currencies, and borders generally don’t work.

“Our tech resolves cross-border currency transactions in real-time, and that’s part of the value proposition of the platform, ” he said.

The startup will expand beyond its current four country operations in Ghana, Kenya, Rwanda, Tanzania, and Uganda within the next 12 months. Chipper Cash also plans to tap the global remittance market for Sub-Saharan Africa, a large pool of approximately $38 billion, in the near future.

Remittances won’t be the firms’ top focus, however. Serunjogi believes there’s more volume to be found within Africa. “Demographics, migration, and regional economic-integration within the continent means there’ll be an endlessly growing amount of cross-border commercial activity within Africa, ” he said. “When it comes to payments, the tart is growing and…the percentage of that pie that is digital payments will also grow.”

The journey for Chipper Cash’s founders from Africa to founding a startup and pitching to Joe Montana pass through Iowa. Serunjogi and Moujaled met when doing their undergraduate degrees at Grinnell College. Stints at Silicon Valley companies followed: Facebook for Serunjogi and Flickr, Yahoo !, and Imgur for Moujaled.

Chipper Cash was accepted in 500 Startups’ Batch 24 in 2018 and their demo day for the accelerator program gained the attention of Liquid 2 Ventures.

The VC fund’s Rocio Wu invited them to pitch to Joe Montana and the team in March 2019.

“Africa is extremely fragmented with different languages, cultures and currencies, Chipper Cash is uniquely positioned to tackle cross-border mobile payments with interoperability, ” Wu told TechCrunch on the investment.

Wu will join Chipper Cash as a board observer. The startup is the second Africa investment for the fund. Liquid 2 Ventures is also an investor in logistics startup Lori Systems, the 2017 Startup Battlefield Africa winner.

Startups building fiscal technologies for Africa’s 1.2 billion population are gaining greater attention of investors. As a sector, fintech( or fiscal inclusion) attracted 50 percentage of the estimated $1.1 billion funding to African startups in 2018, according to Partech .

By a number of estimations, the continent’s 1.2 billion people represent the largest share of the world’s unbanked and underbanked population. An improving smartphone and mobile-connectivity profile for Africa( see GSMA) turns this scenario into an opportunity for mobile based fiscal products.

As more startups enter African fintech, Chipper Cash believes it can compete on its cross-currency and no-fee offerings and the growing size of the market. “It’s so large that it is unlikely to be a zero-sum game in terms of who wins. There will be multiple successful players, ” said Serunjogi

Chipper Cash also joins a listing of African founded, Africa focused fintech firms that have chosen to set up HQs in San Francisco with offices and operations on the continent. Payments gateway company Flutterwave and lending venture Mines.io( both with Nigerian founders) maintain SF headquarters with operations in Lagos. Serunjogi touts the benefits of this two continent organizational structure for access to both VC and developer marketplaces in the U.S. and Africa.

As for Chipper Cash’s continuing relationship with investor Joe Montana, “Having access to a someone with the leadership qualities of Joe to provide advice and guidance…that’s something that’s priceless, ” said Serunjogi.

Read more: techcrunch.com

[financingideas-blog]

Chipper Cash convinces Joe Montana to invest in African fintech

New Post has been published on https://financeqia.com/awesome/chipper-cash-convinces-joe-montana-to-invest-in-african-fintech/

Chipper Cash convinces Joe Montana to invest in African fintech

The African no-fee, cross-border payment startup Chipper Cash have given rise to a $2.4 million seed round led by Deciens Capital.

The pays company also persuaded 500 Startups and Liquid 2 Ventures–co-founded by Joe Montana–to join the round.

Chipper Cash’s Ugandan chief executive, Ham Serunjogi, pitched the U.S. football legend immediately. “He was quite aroused about what we’re doing and his belief that the next wave of[ tech] growth will come from…Africa, ” Serunjogi told TechCrunch.

Chipper Cash went live in October 2018, joining a growing field of fintech startups aiming to scale digital finance applications across Africa’s billion plus population.

The venture Serunjogi co-founded with Ghanaian Maijid Moujaled offers no-fee, P2P, cross-border mobile-money pays in Africa.

Based in San Francisco based startup–with offices in Ghana and Nairobi–Chipper Cash has processed 250,000 transactions for over 70,000 active users, according to Serunjogi.

In conjunction with the seed round, Chipper Cash is launching Chipper Checkout: a merchant focused, C2B, mobile payments product.

This side of the startup’s offerings isn’t free, and Chipper Cash will use revenues from Chipper Checkout–in addition to income generated from pay volume float–to support its no-fee mobile fund business.

Sheel Mohnot, who led 500 Startups’ investment in Chipper Cash, likened company’s model to PayPal.

“When PayPal started it was just a consumer to customer free app. It still is free for consumer to customer, they but they monetized the merchant side. That model is tried and tested. It only doesn’t exist in Africa, so Chipper has the opportunity to do that, ” he told TechCrunch.

In addition to Kenya’s M-Pesa–the global success tale for digital payments–there are a number of mobile fund products in Africa, from MTN’s Mobile Money in Ghana to Tigo Pesa in Tanzania.

The limiting factor, though, according to Chipper Cash’s CEO is interoperability, or that mobile-money transfers across product platforms, currencies, and borders generally don’t work.

“Our tech settles cross-border currency transactions in real-time, and that’s part of the value proposition of the platform, ” he said.

The startup will expand beyond its current four country operations in Ghana, Kenya, Rwanda, Tanzania, and Uganda within the next 12 months. Chipper Cash also plans to tap the global remittance marketplace for Sub-Saharan Africa, a large pool of approximately $38 billion, in the near future.

Remittances won’t be the firms’ top focus, however. Serunjogi believes there’s more volume to be found within Africa. “Demographics, migration, and regional economic-integration within the continent means there’ll be an endlessly growing amount of cross-border commercial activity within Africa, ” he said. “When it comes to payments, the tart is growing and…the percentage of that pie that is digital pays will also grow.”

The journey for Chipper Cash’s founders from Africa to founding a startup and pitching to Joe Montana pass through Iowa. Serunjogi and Moujaled met when doing their undergraduate degrees at Grinnell College. Stints at Silicon Valley companies followed: Facebook for Serunjogi and Flickr, Yahoo !, and Imgur for Moujaled.

Chipper Cash was accepted in 500 Startups’ Batch 24 in 2018 and their demo day for the accelerator program gained the attention of Liquid 2 Ventures.

The VC fund’s Rocio Wu invited them to pitch to Joe Montana and the team in March 2019.

“Africa is extremely fragmented with different languages, cultures and currencies, Chipper Cash is uniquely positioned to tackle cross-border mobile payments with interoperability, ” Wu told TechCrunch on the investment.

Wu will join Chipper Cash as a board observer. The startup is the second Africa investment for the fund. Liquid 2 Ventures is also an investor in logistics startup Lori Systems, the 2017 Startup Battlefield Africa winner.

Startups building financial technologies for Africa’s 1.2 billion population are gaining greater attention of investors. As a sector, fintech( or fiscal inclusion) attracted 50 percentage of the estimated $1.1 billion funding to African startups in 2018, according to Partech .

By a number of estimates, the continent’s 1.2 billion people represent the largest share of the world’s unbanked and underbanked population. An improving smartphone and mobile-connectivity profile for Africa( see GSMA) turns this scenario into an opportunity for mobile based financial products.

As more startups enter African fintech, Chipper Cash believes it can compete on its cross-currency and no-fee offerings and the growing size of the market. “It’s so large that it is unlikely to be a zero-sum game in terms of who wins. There will be multiple successful players, ” said Serunjogi

Chipper Cash also joins a list of African founded, Africa focused fintech firms that have chosen to set up HQs in San Francisco with offices and operations on the continent. Payments gateway company Flutterwave and giving venture Mines.io( both with Nigerian founders) maintain SF headquarters with operations in Lagos. Serunjogi touts the benefits of this two continent organizational structure for access to both VC and developer marketplaces in the U.S. and Africa.

As for Chipper Cash’s personal and professional relationship with investor Joe Montana, “Having access to a someone with the leadership qualities of Joe to provide advice and guidance…that’s something that’s priceless, ” said Serunjogi.

Read more: techcrunch.com