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Australian consumer rights advocate calls for efforts against greenwashing

Erin Turner, CEO of Consumer Policy Research Centre Australia

Erin Turner, CEO of Consumer Policy Research Centre Australia on Thursday called for global concerted efforts against greenwashing.Turner told the Consumer International Global Congress that is taking place in Nairobi that much needed scrutiny is now being placed on green declarations in order to drive the uptake of credible green claims.” We need coordinated efforts to ensure that consumers are not doped into believing that the products they are purchasing are green,” Turner said.According to the Intergovernmental Panel on Climate Change, up to 70% of greenhouse gas emissions can be reduced through changes to consumer behaviour.Turner added that providing ‘adequate information’ to consumers is also an essential consumer right to help consumers make better informed choices.The Australian consumer rights advocates noted that it important to make sure that the information that’s put out by businesses is accurate and useful for people.”There are a lot of companies out in the marketplace that might say that they’re giving you a green option or an eco or sustainable option, but they don’t necessarily give you the detail about what they really doing and this makes it really hard for you as an individual to figure out well how to make a good sustainable choice,” Turner said.Karen Bett, Senior Policy Manager, Data Equity and Inclusion at the Global Partnership for Sustainable Development Data said that governments and consumer rights advocates should partner to address misleading claims on green goods in order to rebuild trust.Bett observed the big role that consumers can play in setting the standards because you cannot develop standards that does not have the voice of the consumers in that standard. She also highlighted the big role for advocacy from consumer organizations to educate consumers and also create that awareness.”There’s our role to keep the government in check to make sure that government is regulating well and also keeping the private sector in check so that the products that are developing is actually not just driven by profits but also driven by the public good and sustainability so as to improve people’s lives,” Bett

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Engineers must play a central role for Africa to achieve inclusive and sustainable socio-economic development under the “Agenda 2063”: Mudavadi

Presidential advisor on Women Rights Harriette Chiggai delivering Prime Cabinet Secretary Musalia Mudavadi’s Speech during the fifth international conference of Pan-African Society of Agricultural Engineers at the University of Nairobi.

Prime Cabinet Secretary, Musalia Mudavadi has urged engineers to take centre stage and steer the ship of Africa’s Agenda 2063.

Mudavadi said Africa’s agenda 2063 master plan identifies strategic incentives key to accelerating Africa’s economic growth and development as well as reclaiming and promoting common identity by celebrating its history and vibrant cultures.

This, he said, calls for the need to focus on repositioning Africa to be a dominant player in the global arena.

” For this reason, my plea is to pay attention to the priority areas of Agenda 2063 where engineers must play a critical role. These include well-educated citizens leading to a skills revolution underpinned by Science, Technology and Innovation,” said Mudavadi, in a speech delivered on his behalf by President William Ruto’s adviser on Women’s Rights Harriette Chiggai.

Mudavadi’s remarks were presented during the fifth international conference of Pan-African Society of Agricultural Engineers (PASAE) in collaboration with Kenya Society of Environmental, Biological and Agricultural Engineers (KeSEBAE) at the University of Nairobi.

The Prime Cabinet Secretary also said that engineers must play a critical role in modern agriculture for increased productivity, blue economy for accelerated economic growth, environmentally sustainable and climate resilient economies and communities as well as a world class Infrastructure criss-crossing Africa.

He said the conference comes at a time when the country is facing El Nino rains and the engineers may help in dealing with its ravages.

“We indeed appreciate your being here to celebrate this distinctively Pan-African international conference on African soil to discuss African solutions to African problems. In the normal course of things, we would be meeting in Europe or the Americas to ostensibly discuss Africa on foreign soil,” he noted.

Mudavadi said Africa not only desire engineers to lead innovations in technology made in and for Africa, but also help in the adaptation of soft-skills in the productive sectors of agriculture and manufacturing.

He said the genesis of Agenda 2063 was the realisation by African leaders under the newly minted African Union (AU), of the urgent need to refocus and re-prioritise Africa’s agenda from celebrating attainment of political independence and winning the struggle against apartheid.
” Agenda 2063 is therefore our blueprint and master plan for transforming Africa into the global powerhouse that it ought to be. It is the Continent’s strategic framework that aims to deliver on inclusive and sustainable development,” said the PCS.

Mudavadi also urged the engineers to consider the African Continental Free Trade Area (AfCFTA) agreement, which at implementation, will create the largest free trade area in the world.

The pact connects 1.3 billion people across 55 countries with a combined gross domestic product (GDP) valued at US$3.4 trillion and has the potential to lift 30 million people out of extreme poverty.

He said Kenya is committed because it is aware that the scope of AfCFTA is large and will result in self-reliance.

Among other things, AfCTA will reduce tariffs among member countries and cover policy areas such as trade facilitation and services, as well as regulatory measures such as sanitary standards and technical barriers to trade.

” Kenya is at the forefront of lobbying for full implementation of AfCFTA because it will reshape markets and economies across the region and boost output in the services, manufacturing and natural resources sectors,” explained Mudavadi.

He, however, said achieving its promise to full potential will depend on putting in place significant policy reforms and trade facilitation measures and implementing AfCFTA require deep reforms necessary to enhance long-term growth in African countries.

Mudavadi said it is time to build the Africa that the continent desires with participation from an all-inclusive engineering fraternity.

“As PASAE and KeSEBAE, you must stay the course of recalibrating meaningful change, not as an option but as a necessity for survival. I therefore call on all engineers to support the democratic leadership on the continent so that we may reap the benefits of more responsive, efficient and effective engineering systems.”

On her part Chiggai urged the upcoming engineers to take advantage of the growing technologies globally and be more innovative and pro-active in helping find solutions to the current challenges facing the world in different spheres.

Agenda 2063 is Africa’s development blueprint to achieve inclusive and sustainable socio-economic development over a 50-year period.

Ends

CAPTIONS FOR PHOTOS

President William Ruto’s advisor on Women Rights Harriette Chiggai together with delegates following proceedings during the fifth international conference of Pan-African Society of Agricultural Engineers at the University of Nairobi. (Photo Andrew Kuria)

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Consumer protection advocates calls for strengthening of customer rights

Samuel Ochieng, President Emeritus Consumer International

By Ronald Njoroge

Samuel Ochieng the Chief Executive at Consumer Information Network has urged the government to strengthen customer rights as a means to enforce constitutional rights.

Ochieng told journalists in Nairobi that even though consumer rights are enshrined in the constitution, they are still left at the mercy of corporates.

“Consumers are supposed to be protected instead of concentrating on lost government revenue,” Ochieng said during the Consumers International Global Congress.

The three day event that runs from Dec. 6 to Dec. 8 brought together the consumer movement with leading influencers from across business, civil society and academia to tackle pressing global issues.

Ochieng also called for the strengthening of the consumer protection act so that Consumer protection Authority is established with full prosecutorial powers instead of the present situation with the Kenya consumer protection advisory committee.

He also opposed the weak data protection laws that has seen corporates abuse customers private information for purposes of advertsing.

Rigathi Gachagua, the deputy president of the republic of Kenya said that Kenya is honoured to host the 2023 Consumers International Global Congress in Nairobi.

Gachagua said that it is commendable that Kenya is among the few countries in Africa, which have made substantive progress in establishment and implementation of e-Transaction Laws, Cybercrime Laws, Data Protection Privacy Laws, Consumer Protection Laws, among other key frameworks of protecting consumers in the physical and digital spaces.

He revealed that countries like Kenya may boast of strong legal frameworks on protection of consumers.

“But blossoming of illicit trade points to possible limited awareness among the public. Raising awareness on such threats is critical to consumer protection,” he added.  

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COP28: Global and African partners pledge $175m to Alliance for Green Infrastructure in Africa (AGIA)

By Benard Mulwa

Dubai, 3 December 2023

In a powerful signal of support during COP28, African and global institutions together with governments of Germany, France and Japan and philanthropies have pledged over $175 million to the Alliance for Green Infrastructure in Africa (AGIA). The landmark initial pledge will help to rapidly scale up financing for transformative climate-aligned infrastructure projects across the continent.

The new pledges will also advance AGIA towards its first close of $500 million of early-stage project preparation and development blended capital. The Alliance is a partnership of the African Union Commission, the African Development Bank, Africa50 and other partners. It works to unlock up to $10 billion private capital for green infrastructure projects and to galvanise global action to accelerate Africa’s just and equitable transition to Net-Zero.

Among the signatories of the memorandum of intent were representatives of the African Development Bank, Africa50, France, Germany, Japan, the Arab Bank for Economic Development in Africa (BADEA), Banque Ouest-Africaine de Développement (BOAD), Proparco and the Three Cairns Foundation.

The Union of the Comoros President and Chairperson of the African Union Azali Assoumani, Madagascar’s President Andry Rajoelina and African Union Commission Chairperson Moussa Faki Mahamat witnessed the signing ceremony.

Germany’s Minister for Economic Cooperation and Development, Mrs Svenja Schulze, said, “Germany is very pleased to join the launch of the Alliance for Green Infrastructure in Africa. We congratulate the African Development Bank on this important Africa-led initiative and want to highlight AGIA’s commitment to the 1.5 °C target and its dedication to accelerate Net-Zero emissions in Africa.”

She added, “Today marks an important step towards our shared goal of a just and equitable green transition in Africa. Supporting the commitment towards green infrastructure, we are planning to contribute up to €26 million to AGIA starting in 2024.”

Tomoyoshi Yahagi, Japan’s Deputy Vice-Minister of Finance, said, “As part of the pledge made by Prime Minister Fumio Kishida yesterday, Japan will provide US$10 million to AGIA to support Africa in undergoing a just and equitable transition to Net-Zero and achieving the 1.5 °C pathway. We encourage other donors to contribute to this important initiative.”

Emmanuel Moulin, Director General of the French Treasury, said, “By addressing the gap in funding green infrastructure project preparation and development, AGIA will play an instrumental role in Africa’s transition to Net-Zero. Directing concessional resources to such an initiative is in line with France’s vision and solidarity policy for sustainable investment in Africa. This is why we have supported AGIA since inception and we are glad that the Summit on a New Global Financing Pact further raised momentum for the initiative. We are therefore delighted to announce a contribution of €20 million to AGIA and we hope that our contribution will catalyse more private and concessional resources.”

African Development Bank Group President Dr Akinwumi Adesina said: “We need private sector financing at scale to tackle climate change and fill Africa’s huge infrastructure gap in a sustainable and climate-resilient manner. By working together and pooling our resources together through AGIA, we are committed to accelerating these efforts. The Bank Group plans to contribute up to $40 million, after approval from its Board of Directors.”

Sidi Ould Tah, President of BADEA said, “We have pledged $40 million to support AGIA. We are glad to be part of this vital partnership, aiming at enabling transformational green infrastructure projects in Africa, and accelerating the continent’s transition to Net-Zero in a sustainable manner.”

Alain Ebobissé, Africa50 CEO, said: “AGIA is set to become Africa’s largest fund focused on project development, which is a critical component to scale up the delivery of bankable green projects and help the continent achieve its climate goals. This initial fundraising round which includes strong African and international organisations is a great sign of investor confidence in AGIA. We are pleased to be part of this landmark initiative.”

Serge Ekué, President of BOAD: “As part of our 2021–2025 Djoliba strategic plan, we have committed that about 25% of our new financing will be aimed at strengthening the resilience of our member countries to climate change. Our interest in AGIA reflects this ambition and will be in line with our strategic approach of mobilising increased climate resources in our region.”

Françoise Lombard, CEO of Proparco said his company alongside the French government, “is proud to support AGIA, an initiative aiming to unlock Africa’s potential for green infrastructure by targeting one of its main constraints: the lack of existing bankable projects in this area. The innovative blended structure of the initiative will allow AGIA to mobilise and channel public and private resources towards project preparation and development, the riskier stages of any infrastructure project. In addition, With AGIA, we are one step closer to bridging the infrastructure gap in Africa and one-step further towards Net-Zero.”

Mark Gallogly, cofounder of the Three Cairns Foundation, said, “We support AGIA’s mission to catalyse economic development and green infrastructure in Africa. More risk-tolerant, early-stage equity is essential to increase the number of clean energy and climate-related projects across the continent. We commend Africa50 for leading this initiative.”

AGIA was launched a year ago at COP27 in Sharm El Sheikh, Egypt, by the African Union Commission, the African Development Bank, and Africa50 and other partners.

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MULTICHOICE KENYA LAUNCHES GOtv STREAM APP TO ELEVATE ENTERTAINMENT EXPERIENCE

Multichoice MD Nzola Miranda, PR Manager Elisha Kamau, Marketing Manager Maureen Sika, Digital and Products Manager Elsa Lunani unveiling GOtv stream App

Nairobi, December 1st, 2023.

BY NJOKI KARANJA

MultiChoice Kenya, Africa’s premier entertainment company, has today unveiled GOtv Stream, ushering in the festive season with the convenience for customers to catch up on their favorite shows, movies, and sports seamlessly on their smartphones, tablets, and web platforms.GOtv Stream App is a value-added service, designed to keep customers entertained anytime, anywhere, and on the go. With this app, customers can watch live TV and enjoy GOtv Catch Up and take charge of their content consumption, personalize their viewing experience, and access a host of features.

Therefore, the app will allow customers to set up individual profiles for personalized viewing experience as per their GOtv packages – Supa Plus, Supa, Max, Plus, and Lite and watch their favorite shows and movies at their convenience or download content for offline viewing.To access this service, customers need to have a GOtv subscription, a compatible device, a MultiChoice ID, and an internet connection. While anyone can download and use the GOtv Stream App, only GOtv subscribers can enjoy live TV channels and Catch-Up content linked to their specific package.GOtv Stream App will be available on wide range of devices including Android and IOS devices and users will be allowed to register up to four devices with their GOtv Stream App account, with streaming limited to one device at a time.

According to Nzola Miranda, Managing Director, MultiChoice Kenya: “This is a significant milestone in our quest to continue harnessing the power of technology and innovation to drive customer satisfaction and ensure that customers continue enjoying unmatched viewing experience. “We are in the festive season and what better way to provide a unique experience for our customers to catch their favorite shows through a different experience. With unparalleled content diversity, we are revolutionizing the way our customers consume content in the country. As Kenya’s leading storyteller, we are leading the way in embracing cutting edge streaming technology to deliver a seamless and immersive personalized viewing experience for our customers,” noted Mr. Miranda.

In addition, Elisha Kamau, Public Relations Manager at MultiChoice Kenya, noted, “We are excited to introduce GOtv Stream app to our customers. This app aligns with our commitment to delivering cutting-edge entertainment solutions that cater to our customers’ evolving needs and preferences. We believe this new offering will elevate the entertainment experience for our valued customers.”

In conclusion, the new app will allow customers to download up to 25 videos at a time, with a 30-day window to watch downloaded content before it expires. Once watched, downloaded content expires within 48 hours. The app will also enable customers manage and customize parental controls for kids’ profiles to ensure a safe and age-appropriate viewing experience. The GOtv Stream App marks a significant leap in enhancing customer control over their entertainment experience, offering more flexibility and convenience for enjoying content.

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MultiChoice Kenya launches GOtv stream App

Multichoice MD Nzola Miranda, PR Manager Elisha Kamau, Marketing Manager Maureen Sika, Digital and Products manager Elsa Lunani unveiling GOtv stream App in Nairobi.

By Benard Mulwa

MultiChoice Kenya has today launched GOtv App enabling its audience to watch their favourite TV shows, live sports matches and all must see-movies on mobile device. GOtv App is an extension of the firms’ commitment to deliver quality, convenience and control right in to their customer hands.

As of December 1st. 2023, GOtv stream App will be available for downloading on both iOs and Anddroid. All MultiChoice Kenya Customers will need to create their profile using their GOtv details before they can access all the packages with a total of 150 channels, as well as five GOtv digital terrestrial (DDT) packages broadcasting 24/7.

The GOtv stream App guarantees the customers their chosen content is always at their fingertips. According to the Managing Director, MultiChoice Kenya, Mr. Nzola Miranda, “we are in the festive season and what better way to provide a unique experience for our customers to catch their favorite shows through a different experience, whether you are lounging at home, on your way to work, waiting for your date to arrive or holidaying away with family, the App guarantees your chosen content is at your fingertips,” he said, adding that the firm is revolutionizing how its customers connect with their desired entertainment.  

The new App will allow customers to download up to 25 videos at a time, with a 30 day window to watch downloaded content before it expires. Once watched, downloaded content will expire within 48 hours.

The Public Relations Manager at MultiChoice Kenya, Mr. Elisha Kamau, said that the company is exited to introduce GOtv stream App for their customers. This service aligns perfectly with the company’s commitment to delivering cutting-edge entertainment solutions that cater to their customers’ evolving needs and preferences, “we believe this offering will elevate the entertainment experience for our valued customers, as Kenya’s leading storyteller, we are leading the way in embracing cutting-edge stream technology to deliver a seamless and immersive personalized experience for our customers” Mr. Elisha Kamau told journalists at the launch in Nairobi.    

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The Hub Karen Hosts Christmas Tree Lighting unveils SHOP & WIN Promotion

The Hub Karen (THK) has announced its annual Christmas promotion that will accord one lucky family of four a Trip to Dubai.

Dubbed “SHOP & WIN,” the promotion will run from 25th November 2023 to 19th January 2024 and promises to enhance the experience for all shoppers who shop at the premier mall during the festive season.

The announcement was made during the lighting of the Christmas Tree over the weekend as guests to the mall enjoyed the ambience that the family-friendly, and lifestyle destination provides to thousands of guests each weekend.

Shoppers who spend KES 5,000 KES or more at The Hub Karen this season, can turn their purchases into unforgettable experiences through by simply entering their details into the raffle. The prizes that shoppers can look forward to are:

• FIRST PRIZE: A dream getaway for a family of four to Dubai.
• SECOND PRIZE: A luxurious two-night holiday for two at the prestigious and award-winning Fairmont Mount Kenya Safari Club in Nanyuki.
• THIRD PRIZE: 1,000 USD shopping vouchers, redeemable at any store within the mall.

Emphasizing that the promotion is not just about shopping but creating lasting memories and spreading the joy of the season, Sameh Ibrahim the Chief Operations Officer at The Hub Karen said,

“We know families are experiencing changes in their spending habits. That’s why we’re so excited to launch our ‘SHOP & WIN’ promotion; to share the joy of Christmas with our community and reward our shoppers with unforgettable experiences. We strive to create an atmosphere where everyone can come together and make memories and truly enjoy the warmth that the season brings.”

With open-air green spaces, THK stands out as a vibrant community centre where families can enjoy a safe and relaxing atmosphere. The Hub Karen is Nairobi’s leading premier family-friendly, entertainment, and lifestyle destination. With a commitment to creating a vibrant and sustainable community space, The Hub Karen offers a unique blend of shopping, dining, and entertainment experiences.

The mall’s open-air green spaces, innovative green practices, including solar energy and water recycling, reinforces its dedication to environmental responsibility making it stand out as a destination for families and individuals alike.

The Hub Karen invites the public to come in for a wide array of shopping, stay for some memorable experiences and stand a chance to win fantastic prizes that will make this festive season truly special.

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Dr.MARGARET NJENGA EMPHASISES PIVOTAL ROLE OF FAMILY PLANNING

By Meresia Aloo

At the National DESIP Family Planning Learning Conference 2023, the Chief Executive Officer of PS Kenya, Dr. Margaret Njenga, delivered a poignant address, placing a significant emphasis on the conference theme, “Succeeding together in creating impact through localizing global solutions.” Dr. Njenga underscored the pivotal role of family planning in the pursuit of universal healthcare coverage.

Addressing the economic challenges faced by Kenya, Dr. Njenga brought attention to the potential jeopardy of contraception access for thousands of girls. She stressed that no individual should be confronted with the distressing choice between contraception and fundamental necessities. Drawing on global data from the World Health Organization (WHO), Dr. Njenga called for collective action to overcome obstacles such as skills deficits, product quality concerns, issues of equity, and the influence of cultural and religious factors on family planning.

Advocating for a functional health system that places a premium on women’s well-being and shields them from financial hardships, Dr. Njenga praised the transformative impact of the DESIP Project across various levels—national, county, facility, and community. The conference served as a platform to showcase achievements and lessons, with a resolute commitment to inclusivity and ensuring that no one is left behind.

Dr. Njenga laid out ambitious objectives for the next five years, underscoring the critical need for funding to address the persistent underfunding and neglect of women and girls’ needs. She called upon partners to move beyond rhetoric, translating words into tangible actions and fostering sustainable investments for universal access to quality contraceptives.

In her closing remarks, Dr. Njenga urged active engagement, collaboration, and a united effort to make safe modern contraceptives universally available. Quoting Margaret Sanger, she reminded attendees that genuine freedom for women encompasses the conscious choice of motherhood. The call to action resonated strongly with the audience, highlighting the pressing urgency to address challenges and secure this fundamental human right for all.

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Empowering Dreams: Mwenda Thuranira Unveils Chandarana Foodplus at Mytown Karen Mall

By Meresia Aloo

In the heart of Karen, Nairobi, a dream transformed into reality as Mwenda Thuranira, the visionary Chief Executive Officer of Myspace Properties, unveiled the 27th Chandarana Foodplus branch at Mytown Karen Mall. Thuranira, drawing inspiration from New York Times bestselling author Kobi Yamada, reflected on the journey with gratitude and excitement.

“Follow your dreams because they know the way,” said Yamada, a sentiment echoing through Thuranira’s journey. Reflecting on the unwavering support of Mr. Anil Samani, Chairman of Myspace Properties, Thuranira likened the belief in his vision to a parent cheering on their child learning to ride a bike—an acknowledgment of trust and encouragement.

Embarking on this venture seven years ago, Thuranira described the climb as scaling mountains, one step at a time. Today marks the grand opening of Chandarana Foodplus at Mytown Karen, a culmination of dedication, perseverance, and the collective efforts of a mobilized team.

The Mytown Karen concept, embraced by intentional partners and brands like Total Energies, Wana Meat, Optica, Kary’s Hair Studio, Nail Bar, Lorenzo Drycleaners, Mega Wines Ltd, Mika Appliances, Life Med Pharmacy, Tibu Health Hospital, symbolizes the spirit of togetherness. Thuranira emphasized the profound impact of collaboration, stating, “If we had walked alone, we would be fast, but together, we have come far.”

In a dynamic economic landscape where online shopping gains prominence, Mytown Karen addresses the need for small commercial spaces. Businesses, adapting to challenging conditions, invest in compact physical spaces while prioritizing a robust online and social media presence for sales, stability, and growth.

As the online shopping culture evolves, the need for retail outlets persists, providing groceries, ice cream, clothes, and more. Thuranira envisions this project as a catalyst for wealth and job creation, contributing to a higher quality of life and enhancing the fabric of the community.

With a commitment to serving business owners nationwide, Thuranira looks ahead to collaborations in upcoming projects, spanning locations such as Kisumu, Mombasa, Athi River, Kisii, Upperhill, Waiyaki Way, and beyond.

Situated strategically opposite Karen Hospital and next to Watermark Business Park, Mytown Karen offers ample parking and a prime shopping experience for Langata road commuters, town traders, residents, and all those seeking a vibrant shopping environment.

Thuranira concluded by expressing gratitude to everyone who contributed to making this dream a reality, emphasizing, “To everyone that has made this dream a beautiful reality, I say, ‘Thank You.'” The opening of Chandarana Foodplus at Mytown Karen not only marks a new retail milestone but symbolizes the power of dreams and collaborative endeavors in shaping a community’s future.

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Etica Capital Company to leverage on technology to revolutionize wealth management in Kenya

Jeremiah Chunge Cofounder, Chief Technology and HR Officer at Etica Capital Limited

by Ben Kioko

Etica Capital Limited (ECL) is a wealth-tech company looking to revolutionize wealth management for retail investors through technology, by creating a platform that instills confidence in the investing public that breeds transparency, innovation and financial inclusion with as little as Ksh 100.

The Company aims at creating unique and innovative products that will aid in the
deepening of the capital markets in Kenya.
To offer attractive risk adjusted investment returns and financial flexibility to the clients. This is all done by considering democratizing investments through technology.

“We started the Etica Capital Company in July 2021 and did our submissions together with co-founders to the Capital Market Authority as the industry regulator for Licencing. From there, we decided to do technology deployment, for we wanted a wealth tech company to be technology driven. Developed our own in-house cloud network in order to fit our customization. From that, it is easy to develop our Mobile App, APIs and IOS.” Said Jeremiah Chunge Cofounder, Chief Technology and HR Officer at Etica Capital Limited.

Etica Unit Trust Fund comprises four sub-funds, highlighted below, which enable the client access to diverse regulated products that suit their needs. The fund’s governance is as below;

Money Market fund targets investors with a short-term investment horizon and offers them an opportunity to get attractive returns at the same time protecting their capital and offering liquidity. The fund primarily invests in short-term money market instruments.

Etica Fixed Income Fund invests in a diversified portfolio of fixed income securities such as government bonds, bank deposits and other fixed income instruments, with the aims of offering attractive returns by outperforming the income yield available on money market instruments and fixed deposit accounts and at the same time.

Etica Sharia Fund targets investors who are
looking for an investment opportunity that
follow the Islam principals of investing. The
fund holds a diversified portfolio of shariah-compliant investments and aims to
offer investors regular income.

Etica wealth fund targets sophisticated investors who have a medium-term investments horizon and allows clients to participate in a well-diversified portfolio that is able to offer attractive returns, by
investing in a wide range of securities including but not limited to treasury securities and corporate instruments.
Etica wealth fund is able to offer competitive
returns, above returns available in money
market instruments.The fund is compounded on a daily basis hence investors’ funds grow fast.
The fund is regulated by the Capital
Markets Authority and has oversight from
the Trustee to protect investors.


Combined industry track record (Tech +investments) include;

Successfully developed the 1st mobile based money market fund called MALI in partnership with Safaricom M- PESA with minimum investment amount of KES 100.
Successfully championed the 1st CMA sandbox project dubbed MALI (formerly Wekeza) and successfully exited with approval to launch. We also advised the regulator with recommendations in regulatory guidelines for digital-based investment channels.
100 percent cloud migration of Genghis Capital Investment bank’s technology infrastructure in 1 day successfully,
Won various Technology Awards 2018, 2019, 2020, as well as numerous appearances in events as thought leaders from 2018 –to-date.
Developed the most interactive mobile based application dubbed G-kuze that enables retail clients to digitally onboard, trade, and redeem any of the listed NSE stocks as well as invest in money market fund.
Guided UK’s Financial Conduct Authority (FCA) on CMA sandbox experience, areas of improvement, and engagements for implementation at the other regulators whom they were consulting with, namely CBK, RBA and IRA in Kenya. We also held a meeting at RBA to advise them on how to implement the sandbox process and it’s advantages in innovation and sector deepening.

Technology Investment;
Successfully managed investments portfolio size of over KES 150Bn across different licensed brands.
Set up and commissioned Asset Management division in 3 different organizations.

Management team at Etica Capital Ltd include;
Maurice W. Oduor who is the Chief Executive Officer
With 14 Years of Experience with a
Bachelor of Business Administration at
Maseno University, CFA level 3, ICIFA, CISI.

Name: Kenneth W. Maina
Title: Portfolio Manager
Years of Experience: over 10 years
Qualifications: BSc. Agricultural Economics- Moi
University, CPA K, CISI.

Name: Alice N. Kamau
Title: Risk & Compliance Officer
Years of Experience: over 5 years
Qualifications: BSc Mechanical Engineering – UON,
Diploma in Business &IT- Strathmore University, CISI.

Name: Jeremiah M. Chunge
Title: Chief Technology & HR Officer
Years of Experience: Over 16 Years
Qualifications: BSc – Information Science – Moi
University, Various Certifications in IT, HR and
Strategic Marketing

Name: Samuel M. Muia
Title: Head of Distribution & Business Development
Years of experience: Over 16 years
Qualifications: Bcom. Finance –CUEA, CPA II, CISI

Name: Alice T. Chege
Title: Head of Finance
Years of Experience: Over 7 years
Qualifications: Bcom. Finance – Kenyatta University, CPA K, Masters of Finance.