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Daily Nation : January 29th 2014
36 | Business News REASON | Hard economic times in Europe and the United States take toll on transfers DIASPORA REMITTANCES IN USD ‘000 Kenyans abroad send home Sh110.7 billion Remittances for 2013 hit historical high despite drop in growth rate from the previous year BY MUTHOKI MUMO email@example.com R emittances in 2013 rose to a historical high despite a significant erosion of the growth rate in comparison to the previous year. Kenyans living abroad sent back home Sh110.76 billion ($1.29 billion) compared to the Sh100.4 billion ($1.17 billion) sent in 2012, setting a new record. Despite this, remittances in 2013 posted the slowest growth rate since 2010. Last year, diaspora inflows grew 10.2 per cent in comparison to the 31.3 per cent growth posted in 2012. In 2011 remittances rose 38 per cent. Slower growth Dr Joy Kiiru, a Nairobi university economist who has studied diaspora remittances in Kenya, said the slower growth could be attributed to a lagged response to the economic crisis that has had its grips on Europe and the United States over the last few years. “Kenyans living abroad have remained largely resilient in terms of sending money back home but I think this is the effect of the crisis. It was not felt immediately. There was a REPUBLIC OF KENYA time lapse,” said Dr Kiiru. Following the financial crisis in 2008-2009, many of the world’s economies plunged into recession and are only just beginning to come up for air. World Bank research shows that migrants living in developed economies were among the most affected demographic groups by the high levels of unemployment as a result of recession. According to Dr Kiiru, the potential positive impact of economic recovery is also unlikely to be felt in Kenya immediately. However, Mr Robert Bunyi, a market analyst, said based on the broad statistics provided by Central Bank, it is “very hard” to draw conclusions on diaspora remittance trends. DAILY NATION Wednesday January 29, 2014 Pair lands top posts at Citibank BY NATION CORRESPONDENT Citibank has elevated two of its Kenyan employees to top positions within the group. Mr Michael Mutiga now occupies the seat of managing director of the financial services firm heading the corporate and investment banking section for Citi Kenya. On the other hand, Ms Rose Agutu is now the managing director, Africa Operations & Technology. The promotions further under- score the group’s commitment to Kenya as a market and Africa as a region. Handle planning In her new job, Ms Agutu will handle planning and execution of Africa operations and technology strategy. She joined Citi as an executive trainee in Nairobi in 1985 and has been senior country operations officer for South Africa, Uganda and Senegal. She was operations and technol- ogy head in East Africa in 2007 prior to her promotion. Mr Mutiga joined Citi in October MINISTRY OF ENVIRONMENT, WATER AND NATURAL RESOURCES WORLD WETLANDS DAY 2014 In Kenya, wetlands are swamps, marshes, bogs, shallow lakes, ox-bow lakes, dams, riverbanks, floodplains, water catchment areas, fishponds, rice paddies, lakeshores, mangroves, sea grass beds, deltas, estuaries, coral reefs, the seashore and associated riparian areas. They occupy about 3% to 4% of Kenya’s land surface, approximately 14,000 km2 and fluctuate up to 6% during the rainy seasons. Wetlands, the kidneys of the earth, perform essential functions such as recharge of underground water; water filtration and storage; source of food, medicine and materials for many communities; moderate climate; harbor diverse plants and animals; regulate floods and stabilize shorelines, among other functions. Despite the numerous goods and services they provide, they have received little recognition and continue to face serious threats making them the most degraded and rapidly lost ecosystems in the world. Ramsar Convention, 1971 and World Wetlands Day: The Ramsar Convention (www.ramsar.org) is an intergovernmental treaty dealing purely with wetland ecosystems, promoting their sustainable management and utilization. The Convention on Wetlands was adopted on 2nd Ramsar. This is marked annually as the World Wetlands Day (WWD). Kenya has been a party to this convention since 5th February 1971 in the Iranian city of importance. These include Lakes Nakuru, Naivasha, Bogoria, Baringo, Elementaita and the newest, Tana Delta, which will be officially launched as a Ramsar site at Minjila, Garsen on 30th designation of Ramsar sites is in line with article 2 of the Constitution of Kenya 2010 and the government’s commitment to the Ramsar Convention. World Wetlands Day 2014 - Theme and Relevance to Kenya: 2014 is the UN International Year of Family Farming, so the Ramsar Convention chose Wetlands & Agriculture as the WWD theme for 2014. The slogan for WWD 2014 is Wetlands and Agriculture: Partners for Growth, which places a focus on the need for integrated management in recognition of the important interrelationship between farming and wetlands. Wetlands have often been seen as a barrier to agriculture and continue to be drained and reclaimed to make farming land available. However, the essential role of wetlands in supporting agriculture is becoming clearer, demonstrating successful agricultural practices which support healthy wetlands. In Kenya, many communities undertake farming within and around wetlands. However, the challenge has been to make sustainable agricultural practices and technologies adaptable to the local needs of the communities in order to enhance both ecosystem and community resilience, especially in the face of a rapidly changing climate. Sio-Siteko Transboundary wetland is the site for the National WWD Celebrations on 2nd February 2014 at Busende Primary School, Busia County. This wetland is shared by both Kenya and Uganda, providing numerous ecosystem goods and services but faces many threats, resulting in its degradation. Though an Integrated Wetland Management Plan (IWMP) exists for this wetland, the implementation of the same has not been realized, partly due to lack of resources and commitment from various actors. It is for this reason that Sio-Siteko wetland was selected to mark WWD 2014 in order to not only profile it, but also to mobilize stakeholders across different regional, national and county scales towards achieving its sustainability. In this regard, Kenya will also host regional delegates from the East African Community (EAC) partner states. Members of the public are invited to attend and participate in the Tana Delta and Busia event. For more information, kindly contact Mr. Benard Opaa on 0720 563 430 or firstname.lastname@example.org October 1990 and has designated 6 wetlands as Ramsar sites-wetlands of international January 2014. The 2006 as a director in the bank’s South Africa-based Corporate Finance division up-to August 2011. He was transferred to Kenya as head of the Corporate Bank. VACANCIES BUSINESS CHANNEL MANAGER (2 positions) (For international money transfer based in Kenya) Job description Responsible for recruitment, maintaining and growing international money transfer relationships and partnerships, while ensuring customer satisfaction through smooth coordination of these agents and the customers. PRIMARY JOB DUTIES & RESPONSIBILITIES • • • Responsible for identifying and creating external agents who will then be used as channels for inbound money transfers from external countries into Kenya.. Utilizes business skills to identify needs of customers and effectively position products and solutions that best meet the needs of targeted customers. Responsible for achievement of monthly sales quotas and performance through utilization of sales skills and adherence to defined sales call flow structure. • Responds to customer needs for products, educates them on the latest marketing campaigns, and then recommends the packages and services to meet the customers need based on prescribed call flows. • • Provides outstanding customer service or basic IT technical support to customers in conjunction with a sales or retention interaction.. Maintains a high level of professionalism and customer service during all customer interactions. • Other duties as assigned. QUALIFICATIONS Required • • • Business and Information Technology degree or relevant work experience. Excellent computer and Internet skills. •. Demonstrated ability to multi-task. • Excellent interpersonal skills to work effectively with teams throughout organization. Demonstrated ability to seek out and seize opportunities and take initiative with little or no direction. Preferred Experience in money transfer services and relationship management skills. • 3+ years in these capacity. • • SYSTEMS ADMINISTRATOR ESSENTIAL FUNCTIONS: The System Administrator is responsible for effective provisioning, installation/configuration, operation, and maintenance of systems hardware and software and related infrastructure. This individual participates in technical research and development to enable continuing innovation within the infrastructure. This individual ensures that system hardware, operating systems, software systems, and related procedures adhere to organizational values, enabling staff, volunteers, and Partners. Key responsibilities include: • Provide day to day support for all network infrastructure including: servers, LAN/WAN, telephony, remote access, internet access, data backups and archival, Active Directory and personal device access. • Provide technical help and support for all employees. • Create & maintain IT security policies. • • • Installation and tracking of IT assets. Perform daily backup and retrievals. Maintain a multi-office network infrastructure. • Maintenance and training support of company systems. • Collaboration as a member of the Information and Technology team in strategic planning. • • • Collaborating to plan and deploy desktop hardware and software. Collaborating to prepare for the arrival and departure of employees. Desired Skills and Experience Qualifications • Minimum of 5 years of IT Sys admin experience • IT Certifications, MCSE, CCNA essential • Experience with domain hosting and management very important. • Experience with databases preferred • Strong knowledge of and Microsoft Office Suite • Ability to effectively coordinate with vendors and service providers Strong problem solving skills with both hardware and software Applications should addressed to DN.A/1626, P.O. Box 49010 - 00100 Nairobi and should reach us by 12rh February, 2014.
January 28th 2014
January 30th 2014