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KBL sinks Sh4 billion in Kisumu water treatment plan : The Standard

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Kenya Breweries Limited Managing Director Jane Karuku(left) explains how an effluent treatment plant works to Nic Hailey, the British High Commissioner to Kenya (right), during a tour of the KBL Kisumu Brewery on March 27, 2018. The Sh15 billion brewery will churn out the first barrel of Senator keg on July 19. Photo/ Dalton Nyabundi, Standard

Kenya Breweries Limited is sinking nearly Sh4 billion into an effluent treatment plan at its Sh15 billion Kisumu plant to boost production efficiency.

The three-phase wastewater treatment plant is also in line with efforts to set the one million hectoliter per year brewery as an industrial benchmark for the region where several industries have been accused of contributing to the death of Lake Victoria’s Winam Gulf.
Runaway pollution of the gulf by poorly treated industrial waste and raw sewer has resulted in the aggressive proliferation of water hyacinth, dwindling fish stocks and threatened domestic water quality.
Once a third face under construction is completed in August, the modern brewery will be able to reuse nearly 90 per cent of the almost 2 million litres of effluent water, officials said.

SEE ALSO :EABL profit after tax jumps to Sh6.6 billion

This is further expected to remove the plant from the list of large water dependents of Kisumu Water and Sewerage Company, easing the strain on domestic users.
Senior officials at the plant explained to the Standard Business that once complete, the 1.5 million litres per day treatment plant would treat water laden in pollutants to levels where the water is safe enough for direct human consumption.
The water will however only be pumped back into the brewery for use in cooling, and cleansing of the apparatus and premises, they said.
Jacob Bett, the head of engineering and packaging the first phase of the treatment would receive water laden with organic brewery waste and chemical such as sodium hydroxide and sulphates.
This step would treat waste received at a high technical pollution measurement called carbon oxygen demand and biochemical oxygen demand from a high of 3000 part per million (ppm) to levels where its purity is between 80 to 90 per cent safe to release into a sewer line.

SEE ALSO :Boost for brewer as State pushes for sorghum farming

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This water will then be moved into a second chamber of an open tank where it is agitated (churned) to get rid of the remaining waste. “This process produces about 4 tonnes of biomass, which can be used as manure. We have already submitted samples to the Government for tests,” said Bett.
The second stage lowers the COD to 50ppm, safe enough for release into a water body, he said.
“From the second stage the water is about 99 per cent pure, meeting parameters for release into a water body. But we are introducing a third phase of treatment which would get rid of the 1 per cent impurity, leaving the water potable and safe for reuse in certain aspects of the production process,” he said.
He said due to strict quality parameters in beer brewery, the water would not be used in the process.
“Our water demand for the other processes such as system cooling and cleaning are as high and recycling the water will enable us meet sustainability goals while releasing much of our dependence on Kiwasco to serve other domestic and commercial needs,” he said.

SEE ALSO :Brewer eyes to raise sorghum output for Kisumu keg factory

To push up water efficiency, he said, condensed water from the cooling process would be tapped for a repeat process.
“The entire process is optimized to use as less water as possible,” he said.
Other efficiency measures include harvesting of carbon from the beer fermentation process, which according to Naphtali Ndungu the head of brewery and quality, reduces the factory’s carbon footprint by a whopping nine tonnes daily.
Carbon from the process, he said, was purer than that which is mined from the ground. Carbon harvesting will save the company Sh47 per kilogram.

Kenya Breweries LimitedWastewater Treatment PlantKisumu Water and Sewerage Company



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World Bank pushes G-20 to extend debt relief to 2021

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World Bank Group President David Malpass has urged the Group of 20 rich countries to extend the time frame of the Debt Service Suspension Initiative(DSSI) through the end of 2021, calling it one of the key factors in strengthening global recovery.

“I urge you to extend the time frame of the DSSI through the end of 2021 and commit to giving the initiative as broad a scope as possible,” said Malpass.

He made these remarks at last week’s virtual G20 Finance Ministers and Central Bank Governors Meeting.

The World Bank Chief said the COVID-19 pandemic has triggered the deepest global recession in decades and what may turn out to be one of the most unequal in terms of impact.

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People in developing countries are particularly hard hit by capital outflows, declines in remittances, the collapse of informal labor markets, and social safety nets that are much less robust than in the advanced economies.

For the poorest countries, poverty is rising rapidly, median incomes are falling and growth is deeply negative.

Debt burdens, already unsustainable for many countries, are rising to crisis levels.

“The situation in developing countries is increasingly desperate. Time is short. We need to take action quickly on debt suspension, debt reduction, debt resolution mechanisms and debt transparency,” said Malpass.

ALSO READ:Global Economy Plunges into Worst Recession – World Bank

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Kenya’s Central Bank Drafts New Laws to Regulate Non-Bank Digital Loans

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The Central Bank of Kenya (CBK) will regulate interest rates charged on mobile loans by digital lending platforms if amendments on the Central bank of Kenya Act pass to law. The amendments will require digital lenders to seek approval from CBK before launching new products or changing interest rates on loans among other charges, just like commercial banks.

“The principal objective of this bill is to amend the Central bank of Kenya Act to regulate the conduct of providers of digital financial products and services,” reads a notice on the bill. “CBK will have an obligation of ensuring that there is fair and non-discriminatory marketplace access to credit.”

According to Business Daily, the legislation will also enable the Central Bank to monitor non-performing loans, capping the limit at not twice the amount of the defaulted loan while protecting consumers from predatory lending by digital loan platforms.

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Tighter Reins on Platforms for Mobile Loans

The legislation will boost efforts to protect customers, building upon a previous gazette notice that blocked lenders from blacklisting non-performing loans below Ksh 1000. The CBK also withdrew submissions of unregulated mobile loan platforms into Credit Reference Bureau. The withdrawal came after complaints of misuse over data in the Credit Information Sharing (CIS) System available for lenders.

Last year, Kenya had over 49 platforms providing mobile loans, taking advantage of regulation gaps to charge obscene rates as high as 150% a year. While most platforms allow borrowers to prepay within a month, creditors still pay the full amount plus interest.

Amendments in the CBK Act will help shield consumers from high-interest rates as well as offer transparency on terms of digital loans.

SEE ALSO: Central Bank Unveils Measures to Tame Unregulated Digital Lenders

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Scope Markets Kenya customers to have instant access to global financial markets

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NAIROBI, Kenya, Jul 20 – Clients trading through the Scope Markets Kenya trading platform will get instant access to global financial markets and wider investment options. 

This follows the launch of a new Scope Markets app, available on both the Google PlayStore and IOS Apple Store.

The Scope Markets app offers clients over 500 investment opportunities across global financial markets.

The Scope Markets app has a brand new user interface that is very user friendly, following feedback from customers.

The application offers real-time quotes; newsfeeds; research facilities, and a chat feature which enables a customer to make direct contact with the Customer Service Team during trading days (Monday to Friday).

The platform also offers an enhanced client interface including catering for those who trade at night.

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The client will get instant access to several asset classes in the global financial markets including; Single Stocks CFDs (US, UK, EU) such as Facebook, Amazon, Apple, Netflix and Google, BP, Carrefour;  Indices (Nasdaq, FTSE UK), Metals (Gold, Silver); Currencies (60+ Pairs), Commodities (Oil, Natural Gas).

The launch is part of Scope Markets Kenya strategy of enriching the customer experience while offering clients access to global trading opportunities.

Scope Markets Kenya CEO, Kevin Ng’ang’a observed, “the Sope Markets app is very easy to use especially when executing trades. Customers are at the heart of everything we do. We designed the Scope Markets app with the customer experience in mind as we seek to respond to feedback from our customers.”

He added that enhancing the client experience builds upon the robust trading platform, Meta Trader 5, unveiled in 2019, enabling Scope Markets Kenya to broaden the asset classes available on the trading platform.

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