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MACmobile launches ‘live’ streaming of data platform for Kenyan retailers

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NAIROBI, Kenya, May 28 – Supply chain software company MACmobile has launched a new platform that can support “live”  streaming of formal market retail “sales out” data from till points as well as map the relevant stock holding in-store simultaneously in the Kenyan Market.

This follows a partnership with Cognizance Processing who built the platform and will be available for Kenyan wholesalers and retailers.

The platform will reflect “sales in” data to retailers while mapping stock holding in the multiple warehouses being used in the distribution supply chain.

Daily retail sales feeds and basket data feeds (when made available), stock in store and stock at the distribution centre, can be recorded and made available in a live feed to a dashboard.

This enables the manufacturer to identify Key Performance Areas (KPAs) against which performance benchmarks are established and deviations reported against. The deviation reporting is live and communication is made to merchandisers and/or retail management on the ground.

“We are excited to launch this new offering to the Kenyan market. Having a technology that can provide till data to close the loop of the entire supply chain is a game changer,” says Muhoro Gathii, Country Sales Manager at MACmobile International.

Gathii says the partnership will see MACmobile closing the loop on supply chain intelligence with its solutions offering now encompasses every aspect of the supply chain, delivering a single version of the truth from manufacturing to consumer sales in the general retail sector and to the Distributor/Wholesaler in the modern market.

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“Ensuring that products are visible on the shelf at all times is the crux of manufacturing and retail. However, actual sales and in-store data around execution, pricing, promotional, and planogram compliance have always been the challenge. This has prevented complete insight across the value chain. With Cognizance on board, we have now added this last mile to our FIELDForce offering and will be available as a feature going forward,” says Andrew Dawson, Managing Director at MACmobile.

Dawson says the plaform  is able to map retails sales per stock keeping unit (SKU), per store, per region, across the country, allowing for intelligent stock allocation, reducing returns and wastes and allowing for Just In Time (JIT) manufacturing to satisfy customer demand as it varies.

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“The powerful analytical capabilities of FIELDForce, augmented by our partnership with Cognizance, closes the loop on supply chain analytics. Our customers have real-time access to a wealth of data to allow for proactive actionable remediation, instead of reactive event tracking. We can empower manufacturers to leverage a single version of the truth through the entire supply chain, so that they can move to optimal, JIT manufacturing across the country,” Dawson concludes.

Headquartered in South Africa, Macmobile started operations in Kenya March, 2019 to serve the Fast Moving Consumer Good segment with its cloud based value chain solutions and platforms.

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Relief as High Court Bars KQ from Laying Off Staff

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The High Court has brought temporary relief to the staff at Kenya Airways (KQ) after it suspended plans by the airline to lay off some of its staff and send others on unpaid leave ahead of the resumption of domestic flights on 15th July 2020.

Furthermore, Justice Hellen Wasilwa also suspended KQ’s plan to implement a 30% pay cut for staffers who will be on duty when the national carrier resumes operations.

Last week, KQ announced plans to lay off 182 pilots, alongside more than 400 cabin crew, a move that would cost the airline an average of KSh30 million to send one senior captain home on full benefits, with an estimated KSh5.4 billion required for the overall downsizing.

However, the Kenya Aviation Workers Union (KAWU) opposed the decision in court, citing a violation of the Collective Bargaining Agreement. KAWU argued that an agreement it had with KQ provided that pay cuts and unpaid leave would only apply until the national carrier resumes operations.

Additionally, the union also wants the planned KQ pay cuts to be repaid in future.

An order of stay or temporary injunction restraining Kenya Airways from implementing the managing director and CEO general written communication to all employees on phased rationalization of its employees as well as unpaid leave policy and the letter by the chief human resource officer to KAWU notifying it of non-renewal of in-sourced staff contracts.

Daily Nation Quotes a Statement from the Court

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In March this year, at the onset of the coronavirus, Kenya Airways sent part of its workforce of about 4,000 employees on unpaid leave with those remaining taking pay-cuts of between 35% and 75%.

Meanwhile, the Government is planning to establish the Kenya Aviation Corporation, an entity it will use to take over operations of Kenya Airways upon its nationalization and delisting from the NSE (Nairobi Securities Exchange).

The National Aviation Management Bill, 2020, which has already been tabled in parliament, plans to establish this corporation as a holding company for Kenya Airways and Kenya Airports Authority (KAA).

As one of the entities under this state corporation, Kenya Airways will carry on business as carriers of air passengers, cargo, mail, and goods in Kenya and elsewhere. The airline will have an initial share capital of KSh7.5 billion and will perform its functions as directed by the Kenya Aviation Corporation Board. 

See Also:

Kenya Airways to Spend KSh5.4 Billion in Lay Off Exercise

Kenya Airways Shares Suspended From Trading for 3 Months

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Kenya’s Credit Market Set to Slow down as Effects of COVID-19 Pandemic Take Hold-Report

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NAIROBI, Kenya, Jul 12- Kenya’s credit market will come under severe pressure as the COVID-19 pandemic impacts the Kenyan economy, with Gross Domestic Product expected to slow to between 4.5-5.5percent, down from the previously forecasted 5.9percent, a new report reveals.

The study conducted by American consumer credit reporting agency TransUnion reveals that individuals and businesses are failing to meet their credit obligations which could lead to increase in non-performing loans.

“Increases in non-performing loan rates across product types are pushing the market to find solutions that price loans according to anticipated risk. Market demand for a risk-based pricing model is high,” said TransUnion Africa Product Director Samuel Tayengwa.

The survey comes after the Central Bank of Kenya in June revealed that the ratio of non-performing loans stood at 13.1 percent, the highest since August 2007 when it stood at 14.41 percent.

This showed that banks were losing an average of Sh131 for every Sh1,000 loaned in a period when lending rates have fallen to 15-year lows at 12.09 percent.

At the same time, there was an increase demand for credit in the banking sector in the areas of trade mobile and personal loans in the first quarter of 2020.

The total number of loan accounts increased by 21percent, from Sh108.2 million in the last quarter of 2019 to Sh131.4 million in the first quarter of 2020.

This was likely due to a high demand after the festive season to fund items like school fees and boost business cashflows.

Approximately 92percent of accounts opened were mobile loans, with more than 40 mobile loan lenders active in the Kenyan market.

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However, there was a sharp decline in new business loans, despite the repeal of the interest cap in November 2019, which opened many opportunities for funding both large businesses and small and medium-sized enterprises that had suffered from a cash flow shortage.

The report however did not reflect the impact of COVID-19, it provides a valuable pre-pandemic baseline point for the Kenyan credit market.

“With COVID-19 changing the economic and consumer landscape at pace, the Q1 2020 report provides a valuable benchmark for the last full quarter before the impacts of the pandemic start to be felt and understood. This will allow the market to truly evaluate the impact of the pandemic in future quarters. We’re likely to see a deterioration in the Q2 2020 data, reflecting the impact of COVID-19 on the credit market from April 2020,” said TransUnion Africa Product Director Samuel Tayengwa.

According to the data, It is expected that government measures to cushion the economy against the aftermath of COVID-19 will help unlock disposable income and ease indebtedness for some, or create an opportunity for loan top-ups, upselling and the acquisition of new credit facilities.

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Kenya Shilling Weakens in the Week

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The Kenya shilling recorded a marginal decline in the week against major international currencies. The Central Bank of Kenya (CBK) quoted the shilling at Ksh106.96 against the US dollar on July 9 compared to Ksh106.54 per US dollar on July 2.

In the week, the shilling averaged Ksh106.72 against the US Dollar, Ksh133.42 against the Sterling Pound, Ksh120.34 against the Euro, and Ksh99.26 against the Japanese Yen.

The shilling was under pressure due to increased dollar demand from merchandise importers and the energy sector due to the easing of COVID-19 restrictions. In addition, economic activity is resuming following the lifting of the intercounty lockdown on June 6.  Kenya is an import-based economy thus importers will need more dollars as international trade gradually returns.

FX Reserves

CBK further reveals that foreign exchange reserves remained adequate at Ksh1.036 trillion ($9,704 million) equivalent to 5.83 months of import cover as at July 9. This meets the CBK’s statutory requirement to endeavor to maintain at least 4 months of import cover, and the EAC region’s convergence criteria of 4.5 months of import cover.

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