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Sunday, 4 January 2015

Police win handball tournament

Police Handball Club wrapped up what has a been a sensational season for them by adding the Rwanda Cup to six other trophies after beating rivals APR 31-24 in the final on Saturday at Kimisagara youth sports centre.

En-route to the final, Police beat Nyakabanda while APR eliminated College of Education (formerly KIE) in the semi-finals on the same day.

“We are very happy to lift the Rwanda Cup. It completes a wonderful season for us,” said Police head coach Antoine Ntabanganyimana.

He added: “We are going to take a break before starting to prepare for next season for which the target will be to improve our performance in regional and continental competitions.”

Police have won an unprecedented seven trophies this season on the local scene, including the national league, Liberation Day, Genocide Commemoration, Labour Day, Sulfo Beach, Carred’AS and Rwanda Cup.

Nyakabanda Handball Club won last year’s edition of Rwanda cup after beating APR in the final.

Seven youth driven ICT initiatives that crowned 2014

Technology news is full of many developments, but some of them are true milestones and deserve special recognition. As the New Year begins, we will focus on seven projects that are worth celebrating.

These initiatives from the past year all solve thorny problems or create new ways of using technology. They are breakthroughs that will remain memorable for years to come. The most interesting part of it all is that they are youth-driven which shows a promising knowledgebased 2020.

Tech support Incike initiative – Young ICT Entrepreneurs
A group of Young ICT Entrepreneurs under PSF ICT Chamber – kLab came together to respond to a call that addresses one of the problems faced by a portion of survivors of the 1994 Genocide against Tutsi, locally known as “INCIKE”. These are people whose family members were all decimated during the Genocide, and they are left all alone today. It was launched during the 20th commemoration of the Genocide against the Tusti.

These youth entrepreneurs developed a USSD & SMS fundraising application (*654#) which raised Rwf 1.3m on launch night and much more over the 100 days of commemoration. They have recently broadened it further to work better next year. Wait for it.

TorQue Workspace – TorQue Limited
TorQue Workspace is a cloud based inventory and distribution channel management system that records sells transactions and forecasts, tailor made for Rwanda and Africa. With its development roots at kLab, the start-up is now incubated in Think and finished with version 10.0.

They are also the reason multimillion companies like Bralirwa don’t need to carry big files of paper anymore but store all inventory information online. The software is also extended to insurance companies and moving to other countries soon.

Electronic payment system on public buses – AirClerk Ltd
Technological leaps in transport have led to countless fantasies – self-driving cars, pods on rails – most of which haven’t come to Africa but Rwanda has decided to be the first African country to have one card for public transport in the entire city. With zone 1 already loaded with passengers waving their cards to get on the bus, this youth run company is surely putting meaning to developing of a cashless economy.

With just one month in use, the card has gone viral and passengers have embraced it. The company is rolling out the same project in Cote d’Ivoire early next year. Dreams do come true.

Nuntu – Hehe Limited
It shouldn’t be the first time anyone hears of Hehe Limited as it has been in the news a couple of times. Well, this year, it run in our top developments with apps that merge education and gaming, and more recently they announced a platform called Nuntu. Nuntu is somewhat similar to Google’s Play store and Apple’s App Store, but Nuntu focuses on providing access to applications that are especially relevant on the continent in the form of music, reads and more. In short, African content now has a home.

Some of the apps on Nuntu were developed by secondary school students that won the MTN app challenge where they beat developed companies hands down. There is a great future ahead of them.

SharjaVuba – African Renewable Energy Distributor (ARED) 
Henri Nyakarundi is an entrepreneur who has designed and franchised solar-powered mobile phone charging kiosks.

“The lack of electricity was a big problem in the region,” says the ARED founder. “About 60% of the population has a cellphone but less than 15% has access to electricity.”

The kiosks are small enough to be towed by a bicycle to wherever people will pay a small fee to charge their phones. The kiosks can charge up to 30 phones at a time and Henri now has 24 franchises operating across Rwanda.

“You see a lot of people that want to be in business for themselves but they don’t want to be in business by themselves,” Nyakarundi says. “When you look at statistics, the franchise business model has a higher rate of success than traditional business. 80% of franchise businesses succeed; 80% of traditional businesses fail.”

Stereoscopic 3D – Guez Show Ltd
Arguably, the youth brains behind this innovation are indeed doing a great job. Guez Show, a 3D animation and graphics company, was the first to bring Digital Cinema Packaging and also famously known for making the Transform Africa 2013 advert which left many people all over the world mesmerized by how much Rwanda can do.

To put that into perceptive, Guez Show gives an image or video width, height and depth (length). Our physical environment is 3D and we move around in 3D all the time. In the movie sense, the glasses we wear enable us to see two different images simultaneously with each eye and provide a stereoscopic vision to the viewer. Now, we don’t have to wait for it only in the movies, we can make it ourselves thanks to the sleepless nights of the Guez show team.

House of Tayo App – House of Tayo and Full Circle
Even though this isn’t up and running yet, it built a bride that most thought wasn’t possible. With a fashion industry that was ignored for so long, House of Tayo gets into the industry but doesn’t only stop at doing what they do best but integrate technology to give a better experience to their clients with their QR based mobile app.

There’s a special collection of bow ties the fashion house is making right now and the box will have a QR code and when one scans the QR code, they can see the bow tie being made. It’s bridging that gap between the customer and the person making the product in a way that I haven’t really seen being done before. Unfortunately we are done for this year, and the year following after this gets better and bigger but just 7 spots available. Who will be there?

Local hotel group announces expansion in Nairobi

The hospitality market in Nairobi, Kenya, remains vibrant, in spite of the challenges the country is facing with lower tourism arrivals. First out of the starting blocks in 2015, probably as early as Easter, the new Radisson Blu by Carlson Rezidor, as well as other hotels both local and branded, are expected to come on line in 2015.

The owners of the 5-star Sankara Hotel, which opened nearly 5 years ago in the Westlands area of Nairobi, have also confirmed that they are planning to open a second, very likely 4-star business hotel, in 2017.

Nairobi, however, is the only marketplace right now where a significant number of new beds are either in the pipeline already or where more hotels are planned for opening later in the decade.

No significant large new resort or hotel developments are presently underway at the Kenya coast, apart from real estate developments like gated estates or condominiums. Sun Africa Hotels is, according to information received, nearing the completion of a coast property which is expected to be a small boutique style luxury resort similar in size and style to their Limuru-based Sovereign Suites.

On the safari circuit, new properties are far and few between right now, again likely as a result of lower tourist arrivals, at least until a full recovery is underway and investor confidence has been restore.

GOV’T MUST REDUCE DUTIES ON IMPORTED COMMERCIAL VEHICLES

The Country Director of Cheki.com.gh, Eric Amoateng has called on the Government to reduce the duties impose on imported commercial vehicle into the country.

He said commercial vehicle are encourage into the country but must be in reduced rate so that it can help in grading the road network and also help vehicle industry to grow in good standard.

According to him if Government makes the importation of commercial vehicles an initiative where people can have access to, with affordable pricing, it will help the development of car processing in the country.

Government must create windows where people can operate so that the quality of vehicle imports into the country can improve.

in an interview during the occasion of an educational forum organized for drivers and passengers at Kejectia, in Kumasi, Mr. Eric Amoateng said "importation of vehicle into the county must be of good standard such that the dreams of dealers in the industry can be met at the international level".

Eric said importation of accident cars is not advisable in the sense that it rather cause more road accident within the shortest possible time, and also reduce the standard at which the dealers industry have dreamt to achieve.

In terms of promoting of made in Ghana Goods, he touched on the initiatives of Apostle Kojo Safo’s industry is putting on board to promote the country and also meet the international requirements.

He therefore called on Ghanaians to embrace the initiative amended by some groups and individuals which seeks to bring change into the industry and also to develop the country.

Tigo leadership team visit Paramount Chief of Esikado

As part of the stakeholder engagement for its Overhead fibre project in the Western region, the management of team of Tigo led by its CEO, Roshi Motman, paid a visit to the Paramount Chief of Essikado Traditional Area, Nana Kobina Nketsia V.

At the meeting in Sekondi, the Chief Executive of Tigo, Roshi Motman spoke about the company's vision to become the digital service provider of choice for Ghanaians.

Highlighting the company's quest to improve network quality in the region, she explained that the US$3.2 million overhead fibre cable project forms part of several investments that Tigo is making to provide its customers with a quality and resilient network.

“Network quality is one of the biggest driving force of Ghana's competitive telecoms sector. It is fundamental to customer satisfaction and loyalty, and we are keenly aware of this.”

She assured Tigo customers that by March 2015, they will start to experience a brand new quality network experience from Tigo.

The paramount Chief of Esikado Traditional area, Nana Kobina Nketsia V, commended Tigo for supporting various community initiatives aimed at improving living standards in deprived c o m m u n i t i e s .

The management members of Tigo also called on the Chief of Bogoso Cocoase, Nana Kwesi Sompreh.

Ecobank Credit Rating Affirmed

ECOBANK GHANA's credit rating has been affirmed at AA-(GH) and A1+ (GH) in the long term and short term respectively; with a stable outlook.

The current ratings were valid until December 2015 and reflect the bank's established domestic franchise value, resilient financial performance, risk appropriate capitalization and adequate loan loss reserve, according to the Global Credit Rating Co.

Ecobank Ghana is currently the largest bank in Ghana with an asset size of GHS5.9billion as at end of 3rd quarter 2014.

The bank posted a profit before tax of GH¢332.8million for the third quarter of 2014, a 90% jump from the 2013 figure of GH¢175.4million. Total income increased by 47% to GH¢621.1million from GH¢423.8million in 2013 with customer deposits also increasing by 47% to GH¢4.1billion as against GH¢2.7billion in 2013.

Loans and advances to customers grew by 50% to GH¢2.6billion.

On operational efficiency, costto- income ratio improved from 45% in 2013 to 40% in 2014 while achieving a return on average equity of 47%.

The bank's non-performing loans, as at the end of September 2014, stood at 5.2percent, down from 6.4% from same period last year.

Over the last 12 months, from 30th September 2013 to same period 2014, the bank's share price has also increased by 63percent.

We must maintain our tempo, Kagame tells nation

Movement of goods, serPresident Paul Kagame has called on Rwandans to carry on with their individual and collective efforts for self-improvement as the nation ushered in the New Year.

The Head of State was speaking in his televised New Year’s message to the nation at the onset of 2015.

“We must maintain the tempo and continue to build a country we deserve. In that spirit, as we celebrate this New Year, let us appreciate the fact that we have more prospects today, than ever before,” he said in a three-minute speech.

The President attributed Rwanda’s achievements thus far to “the commitments we have made together, in building our economy, strengthening our governance, maintaining security and upholding self belief.”

“It is now up to us to make use of available opportunities to reach our goals, individually and collectively.”

During his State of the Nation Address last month, the President praised the people of Rwanda, notably farmers, for working hard in 2014, which saw the economy grow by 7.8 per cent in the third quarter, surpassing projections.

In his New Year’s message, Kagame tipped Rwandans on key points they should keep in mind as they seek further progress. “First, we shouldn't avoid change that is inevitable or any other challenge, just because they seem difficult.

“Second, each of you should strive to achieve the goals you have set for yourselves in all that you do in your daily lives. We have seen that persistence and practice yield results.

“Third, don't do it alone, find others who share the same goals and work together. As always in Rwanda, we move forward when we look after each other, and combine our strengths.”

He said the country had come a long way but warned there was still a long journey ahead. “So let's value and use our time well and help others do the same, protect the gains we have made, and continue to make Rwanda the best it can be.”

Happy New Year and I wish you and your families health and continued peace and security, he added.