Kenyans are naturally inquisitive, more so about projects that generate public interest. One such project is the Standard Gauge Railway (SGR).
A question that isn’t going away is why Ethiopia has managed to build an electrified Standard Gauge Railway for less money than Kenya, yet ours is not even electric?
Engineers that are part of the SGR Kenya team have taken to Facebook to address that question in detail by providing a detailed comparison that provides an overview of how different the two projects are.
A quick comparison is drawn to the difference in speed, “It’s good to note that electric does not always mean super-fast. The Ethiopian line is only 40km/h faster than the Kenyan line.”
The Facebook post goes further to cast a light upon Ethiopia’s ability to produce enough power to run an electric railway line. “Ethiopia’s electricity generation is about to explode with the construction of the 6,000mw Grand Renaissance Dam , which will give the train service stable power supply. (Kenya Power comes to mind)”
Another reason that has contributed to the hefty bill on the Kenyan line is social and cultural factor that has meant that the Kenya Railway Corporation has had to listen to voices of communities that will be affected by the railway line such as environmentalists who are vocal about the impact of the project on Kenya’s wildlife.
Other issues that have led to the huge cost include land acquisition, the construction of bridges and stations.
China Road and Bridge Corporation (CRBC) was retained by Kenya Railways (KR) to undertake phase 1 of the Mombasa-Nairobi SGR Project while Third Railway Survey and Design Institute Group, Apec Consortium Limited and Edon Consultants International (TSDI/APEC/EDON Consortium) undertake design review and construction supervision of the contracts to ensure the quality standards are met.
A detailed analysis is given in the following pictures
New research released by global travel technology provider, Sabre Corporation, has revealed that African air travel spend is expected to rise 24% with the introduction of the pan-African passport in 2018.
The new African Union passport will enable African travellers to visit other countries on the continent without a visa.
The comprehensive survey by Sabre aimed to uncover the opportunities and challenges faced by African travellers today, in a bid to help airlines address these to support their own growth and provide travellers a better journey. Travellers from four countries – South Africa, Nigeria, Kenya and Egypt were surveyed, with those having flown in the past 24 months saying they would spend 24 percent more with the introduction of the passport (from $1,100 to $1,500 annually).
But despite a willingness among travellers to spend more on flights, travel in Africa still remains inaccessible to the majority, with only 23 percent of those surveyed having travelled abroad at all in the last two years. When asked what prevents them from travelling more, the top reasons were:
32% said travel is too expensive
31% said it is difficult obtaining VISAs
30% said it is too difficult to book travel
28% said there are no flights to their chosen destination
Travellers also expressed a number of gripes about their current experiences when travelling:
27% said the check-in process takes too long
22% said the check-in procedure is confusing
20% don’t like the food on aircrafts
19% think there is not enough to do at the airport
“The results suggest that while travel is inaccessible to many and is difficult for those that do travel, there is a still a strong desire to travel more,” said Dino Gelmetti, vice president, Europe, Middle East and Africa, Airline Solutions, Sabre. “Additionally, most of the pain points can be addressed by airlines, and these tweaks could make all the difference to travellers. African carriers currently face tough competition from international rivals that control 88 percent of African airspace but, as demand for travel increases, African airlines have a real opportunity to win the lion’s share of bookings by addressing the pain points of travellers and going the extra mile to improve their experience.”
Like many other travellers globally, Africans also expressed a strong interest in experiencing a travel journey that was more personalised and tailored towards them. Respondents said that they would be willing to spend up to $104 per trip on an airline’s extra products and services – such as excess baggage, cabin class upgrades, and special food and beverage – if it improved and personalised their journey.
“Airlines globally currently pocket an average of just $16 per passenger on ancillaries, so the fact that African travellers are prepared to spend six times more than that represents a significant retail opportunity for carriers on the continent,” said Gelmetti. “Airlines will flourish if they invest in technology that can make sense of customer data and use it to offer passengers the right product in the right context at the right time. This technology, which empowers airlines to mirror the personalised shopping tactics already mastered by the online retail industry has been proven to increase ancillary revenue by an average of 10 percent, and is being used by some of the world’s most forward-thinking carriers.”
As further encouragement for African carriers, Sabre’s survey respondents stated a number of reasons why people would choose to fly with their local carrier over a foreign airline; the top three reasons were:
It offered cheaper tickets
It offered the latest technology on board
It offered greater comfort on board.
The survey reveals significant growth opportunity for African airlines willing to address travellers’ current pain points
Banking and finance apps are one of the most sought after pieces of innovation in Kenya aiming to serve millions of citizens who are banked with a possibility of luring the unbanked to diverse product offerings.
While innovation and creativity in the Kenyan banking industry has been limited to SMS banking for a while, accredited finance institutions are quickly targeting native mobile application users more on the Android platform than any other mobile operating system.
We have come up with a list of the available apps on various platforms prominent among them being the Google Play Store.
This banking apps at the least will ease your hassle and reduce the time you have to spend in queues in various banking halls.
Barclays Bank of Kenya
Along with its Internet Banking service, the Barclays Bank of Kenya is among the banks in Kenya to have a complimentary mobile application launched in June 2013 that serves both personal and business clients. The application is available on the android platform for versions above 2.2. So far between 5,000 to 10,000 clients are using the application.
You can download Barclays Bank of Kenya app from the Google Play Store here.
Like most banking applications in Kenya, the Ecobank mobile banking allows its banking clients to top up their mobile phones with airtime from major mobile operators such as Safaricom and Airtel. Internet and External fund transfers are on the go which cuts down on the effort to meet the bankers in person. Available on the android platform for versions above 2.2, the app has between 1,000 to 5,000 users.
Being among Kenya’s most profitable banks, Equity Bank has a mobile banking application dubbed Eazzy 247 that opens up an opportunity for its clients to access their account financials including statements as well as pay bills such as electricity, water, HELB, DSTV bills and others. The app is available on the Google play store with downloads between 10,000 – 50,000. You can download from the Google Play Store here.
The application is also complimented by unofficial apps such as the Equity Direct Mobile which is a money remittance service serving the Kenya community and a less popular Equity Virtual Banking which features ATM locations among other features.
Family Bank (Pesa Pap)
Family Bank is a financial organization that is built around the idea of family and is popular with social groups and communities. Their laid back mobile application developed by Craft Silicon is efficient for servicing utility bills from various service providers in Kenya. The application is available on the android platform for versions above 1.6. You can download from the Google Play Store here.
NIC Bank Kenya
The NIC Bank is not left out when it comes to serving up its clients with the latest innovation. Though basic, the mobile banking application offers everything a banking client is looking for including online merchants and mobile money options. The application is available on the android platform for versions above 1.6.
Though not hosted on the play or app store, KCB’s mobile application can be download on their website offering the ability for users to send money to their mobile money accounts such as M-Pesa, check their balance as well as transfer funds. The application compliments the USSD service accessible via *544# on Safaricom Lines.
The bank has an attractive mobile banking app known as mfukoni which translate in English from Swahili as ‘In the Pocket’. Othe than, the application has an attractive interface and goes beyond that to provide service beyond the usual mobile application. Mfukoni also provides access to services such as insurance and unit trusts that are a product offering by the modern financial institution. You can download from the Google Play Store here.
The have a separate application for tablet devices available for versions 3.1 and up.
Banking will remain a core primary service but sure, banking as we know it will continue to evolve decade after decade.
Leave a comment and don’t mind pointing us to any apps that might have been missed.
There is never a right time to start your event planning business, any time is always the right time as long as you have done your research and are prepared to start, run and grow your company.
In this article, I will be taking your through some of the things you need to prepare in order to start trading with your event planning business.
Think Big, Start Small!
When planning to start an event planning business, you need to consider how you will be sustaining the business on monthly basis. Most event planning business usually starts from home, thus enabling the entrepreneur to save on overhead costs.
To start your events planning business, all you need is a laptop/computer, internet and mobile phone. You can do so much with just these tools to begin with, and then gradually grow the business by investing in it. Eventually you will have enough monthly income that will allow you to expand business, but remember this takes time. There are no shortcuts or quick rich schemes when it comes to running a business.
In our business coaching program, we usually help business to identify their customers, developing products/services, building customer service structures and most importantly, we help our members to set up strong cash flow structure that will help their businesses have an outlook on its progress.
Naming Your Business
You’ll need to come up with a company name for your event planning business. Please note that you need to take into consideration the perception the name has. We always recommend our customers to have at least two (2) company names before starting the name search prices. This will help saving time during the name search stage and also increase the chances of at least one company name being available for use.
You will also need to take into consideration on whether someone else is using that name in another country. You can simple try and Google the name and see if anything comes up. You will also need to check availability of domain name on that company name – for example companyname.com, companyname.co.ke. We offer this service to our Premium Plan customers.
Choosing Your Legal Entity
When planning to register your business, you will need to know what type of business entity you want to use for your business. Here are some of the business entities to choose from;
Once you have decided on the right business entity, you can initiate the registration process. You can either register your event planning business at Huduma Center or you can engage us to help you register your company. This process usually takes around 2 weeks or less (depending on Company Registry workload).
If you have opted to register a limited company with us, you’ll need to collect some requirements that will be used to prepare the Memorandum & Article of Association documents. Here are some of the information that you will need to gather;
Company information – such as company name suggestions, nature of business, location of business (home or office), nominal share capital etc.
Directors information – such as fullnames, postal address, occupation, share allocation
Proof of identity documents – Copy of ID/Passport for each director (Front & Back-side), Copy of KRA PIN Certificate for each director and Passport Photo for each director.
IMPORTANT! We currently only register limited company at the moment. If you are looking to register sole proprietorship and partnershipbusiness, we recommend that you visit Huduma Center for further assistance.
Please note that the entire process can take more than 2 weeks should you take longer in signing relevant documents or delaying of requirements needed to carry out the registration. If there are any deadlines we should be aware of, please contact us immediately so we can help you register your company through our fast tracking service.
KRA PIN Registration
Upon receiving the company certificate and your memorandum and article of association, you will need to perform data loading and register your event planning company KRA PIN online. If you have registered your business through us or our partner company Dealpoa, then we will be able to help you with your company KRA PIN.
Getting Your Business Online
Every business needs to setup an online presence for their business. To build credibility to your customer, it is important that they can go online and find who you are, what you offer and how to reach you. Through our partner companies, we offer our customer everything they need to get their business online such as domain name registration, web hosting service, website design, logo design and business card design. These services are only available for our Premium Plan Customers.
This document usually contains the list of directors’ particulars and shareholding details. For event planning businesses looking to apply for Government Tenders, then you will require to apply for your CR-12 Letter. You will need a copy of your certificate of incorporation and a written letter to Registrar of Companies to request for the CR-12. We currently offer this service to our Premium Plan members only.
Every business that has a business premises in Kenya will require a business permit in order to run their business. It is very crucial to acquire one before start trading in your office to avoid penalties from the county government.
Register Your Company Today!
If you would like us to help you to register your limited company, please fill the form below and we will be happy to getting your registered so you can be trading soon.
Step 1 – Register a business enterprise at the Attorney General’s Office in the form of a sole proprietorship business, partnership business, limited company or a co-operative. The enterprise owned by youth, women or persons with disabilities shall be a legal entity that—
(a) is registered with the relevant government body; and
(b) has at least seventy percent membership of youth, women or persons with disabilities and the leadership shall be one hundred percent youth, women and persons with disability, respectively.
Step 2 – If business is a partnership, get a partnership deed from a lawyer, if it is a limited company a CR12 from the registrar of business names and for a co-operative, its constitution and membership.
Step 3 – Acquire a PIN and tax compliance/ tax exemption certificate from the Kenya Revenue Authority website or offices.
Step 4 – Acquire all required certifications from professional bodies and authorities such as National Construction Authority, Insurance Regulatory Authority, ICPAK, LSK, National Council for Persons with Disability, NEMA, ERC and all other authorized bodies.
Step 5 – Open a bank account for the business and acquire a bank reference from the bank.
Step 6 – Access the website www.agpo.go.ke and register online or visit your county government headquarters and register there.