Idea Exchange: Antler, Forbes, Museums, ODM.

New, and ongoing, opportunities to apply for.

As part of their one-year anniversary celebrations, Absa Kenya has invited people to write in on “Wall of possibilities” of community-uplifting things that they would like to Bank to fund. Each idea may get up to Shs 2.5 million and the deadline is 5 March.
Antler Global is seeking new startup companies to support with funding and mentoring. The Nairobi deadline is in April, and here’s a glimpse of the 2020 cohort at Antler.
Nominate the Woman Entrepreneur You Admire Most to the COMESA 50 Million African Women Speak Platform.
DFC, the U.S. International Development Finance Corporation is offering financing of between $3 million and $50 million to African companies in support of the continent’s COVID-19 recovery – via Asoko.
The Forbes Africa 30 Under 30 Class of 2021 in categories for creatives, sports, and business and technology. Deadline is March 31.
Apply for the 2021 Global Teacher Prize ($1 million) and the new sister award, the Chegg.org Global Student Prize ($50,000). Deadline is 30 April.
The Hack the Normal hackathon takes place between 5 – 7 March 2021, invites participants to develop new products, services and business models with commercialization potential in these businesses and create solutions for financial challenges, sustainable living and healthy living.
The new Kikao64 co-working hub at Eldoret has 50% discount for non-profits, athletes and startup businesses, while others who sign on through the end of April 2021, get discounts of 25%.
The Konza innovation challenge offers $5,000 of funding for startups to pilot their innovations at the Konza Technopolis. Deadline is March 19.
edit The Communication Authority of Kenya 2021 Kuza Awards rewards excellence in broadcasting. Regulatory awards are for compliance, local content, children & broadcasting, regional broadcaster, upcoming broadcaster and copyrights. Also, People Choice awards for favorite radio station, TV station, pay TV, news Radio station and TV station. This year has a theme for “Preserving our Heritage through Broadcasting (Kenya a Heritage of Splendour)”, and there is a Patriotic Award category with awards for Uzalendo Award (airing announcements on Covid-19) and Mzalendo Mkuu Award (educational content). SMS Kuza to 15601 to vote for free.
Mask Art awards are open to schools and young people under 25 in categories of the school of the future, young entrepreneur and environmental activist. Deadline is April 1.
The East Africa Maritime Awards (EAMA) recognize and award notable users of the Port of Mombasa. Organized by the Kenya Ports Authority, it is open to shipping, ports, services, engineering, and leisure marine industries with operations in Kenya, Uganda, Tanzania, Rwanda, Burundi, South Sudan, and the Democratic Republic of Congo (DRC). The deadline has been extended to March 31.
edit From the MasterCard Foundation comes the Baobab’s Got Talent challenge, an exciting storytelling opportunity for young creatives (animation, graphic design, video production) in Africa. Deadline is March 15.
From MIT Solve, the 2021 Global Challenge and Solve’s first US Challenge on Antiracist Technology are now open. Anyone anywhere can submit a solution to become part of the 2021 Solver class and access more than $1.5 million in funding.
The National Museums of Kenya is seeking historical memorabilia on Kenya, from the year 1800. The items, including photos, film, memorabilia, weapons, musical instruments, farm tools, art, newspaper cuttings, passbooks, etc. can be donated or shared on a long-term loan basis. The deadline is 19 March.
For the presidential candidate at ODM, the party is seeking a committed, passionate disciplined and dependable party member who can mount a successful campaign. The entry fee is Kshs 1 million and with a reduced amount of Shs 500,000 for women, youth or persons with disabilities. Deadline is 31 March.
Post Office boxes are available across Kenya. Pick one up by March 31 and get a 30% discount.
edit SEED, the Stanford Institute for Innovation in Developing Economies, partners with entrepreneurs (CEO’s / founders) in Africa and South Africa emerging markets to build thriving enterprises that transform lives. Applications deadline is April 15.
edit The Eastern and Southern African Trade and Development Bank (TDB) and Asoko Insight have launched a Renewable Energy DealRoom to accelerate the financing of renewable energy projects in the region served by TDB.
The Thunderbird School of Global Management is offering a unique scholarship for Africans to attend the online Masters of Applied Leadership & Management with a specialization in Public and Global Affairs starting on March 8, 2021. African students will pay a special tuition of $12,000, compared to $33,000 for other students, representing a scholarship of $21,000.
The Tony Elumelu Foundation has the seventh round of its entrepreneurship program in which, with partners, they are seeking to boost 1,0000 businesses and also assist others to recover from Covid-19. This year, 1,000 businesses will receive $5,000 in seed capital, business training, mentorship, and global networking opportunities. Apply before March 31.
edit The Visa Everywhere Initiative targets fintechs to join a global innovation program. Apply by May 7.
edit Nominations for the Africa Food Prize 2021 are ongoing, a $100,000 celebration of African agriculture achievers.

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Kikao64 opens in Eldoret

This week at Eldoret saw the opening of Kikao64, a unique and modern co-working spaces for local entrepreneurs and businesses that will have a regular series of knowledge sharing and networking events around innovation, startups, art, sports, lectures, and film.

Albert Boreto, the centre Director, said Kikao64, will invite professionals to advise on company registration, tax, legal, accounting and web development services. Kikao64 has 100 desks (80 ‘hot’ and 20 dedicated ones), private offices, private meeting rooms, and good Wi-Fi across a large space of shared workspaces. The desks are available for Shs 750 per day or Shs 4,000 a week or Shs 16,000 per month, and to connect with existing community initiatives, the space has a 50% discount for nonprofits, athletes and startup businesses, while and others who sign on through the end of April 2021, can get discounts of 25%.

Speaking at the launch of Kikao64, the Governor of Uasin Gishu County, Jackson Mandago, said his administration was proud to be associated with the Kikao64 shared working space that embraces technology and enables people to work in the new normal of Covid-19. He confessed that he had been thinking of something similar, but the new space was better and well-situated, with good ambience, and he hoped it would become a famous meeting spot in Eldoret as others like Barnegtuny Plaza.

He said many people wanted to start businesses and two main problems they faced were office space and internet and these had been solved by Kikao64 for about Shs 2,000. He appreciated the need for fast internet for as, while trying to promote the government’s AGPO (Access to Government Procurement Opportunities), some young business people had been previously knocked out from opportunities as they were not able to completely upload procurement documents due to poor connectivity.

Our chief guest His Excellency The governor Uasin Gishu county officially launched #Kikao64 Hub today. The state of art co-working space is now open and ready for your visit. #Kikao64MeetsEldoret https://t.co/HW6cgtTqrH
— Kikao64 (@kikao64) February 23, 2021

The site was an old run-down place building before its founders embark on renovating it with a unique design into a conducive place for people in the Eldoret area. The transformation process was delayed for a year by Covid-19 and the redesign added on safety aspects like spacing between desks and hand wash stations.

Kikao64 also has a garden that can host events, meeting rooms private phone booths, a small library with new, business and bestselling books, a coffee shop, and private parking. It is open from 8 a.m. to 7 p.m. between Monday to Friday, and from 9 a.m. to 6 p.m. on weekends and holidays.

Which way the bank branch?

This month saw Family Bank open a branch in Eastleigh, its 92nd in the country. Family is one of the pioneers of paperless branches and had opened another branch in December near the large Wangige market to serve traders. Eastleigh is an important cog of Kenyan supply chains and is estimated to have the second-highest density of traders, second only to the Nairobi CBD. Despite advances in mobile transfers, small traders are still heavy users of cash for transactions.

Family Bank officially opened its 92nd Branch in Eastleigh. The ceremony was presided over by Hon. Yusuf Abdi, Our MD & CEO Rebecca Mbithi and Family Bank Board Chairman, Dr. Wilfred Kiboro.https://t.co/hNmKnV4Xsq pic.twitter.com/enwIWzLi8X
— Family Bank Limited (@FamilyBankKenya) February 12, 2021

Then today Diamond Trust announced the consolidation of six branches that are adjacent to each other: Oval and 9 West (both to Westgate), Eastleigh to Madina Mall, Garden City to TRM mall, Jamhuri Street (to Malindi) and Kago Street (to Eldoret). The bank asked customers to continue using alternative channels while staff will be redeployed to other branches and business units.

We can probably expect to see more branch consolidations or closures as two groups KCB-NBK and NCBA (CBA & NIC) continue to refine their new operating structures. CBA and NIC did some closures last year.

Now @NCBABankKenya closes 14 (CBA & NIC) branches that are adjacent to, or in the same building as, other pre-merger branches in Nairobi (Village Market, Hilton, Galleria, KMA), Nanyuki, Machakos, Mombasa, Meru, Eldoret, Diani. Effective from July 4. https://t.co/oW88v15Ulj
— Bankelele (@bankelele) June 4, 2020

When KCB announced their third-quarter 2020 results, they shared some interesting details about branches and the march to digital. KCB branches did 2% of transactions in Q3 2020 compared to 5% the previous year. Also, there was a 16% decline in transactions done per day by branch tellers from 60 to 50, while customers did 43% fewer transactions (5.8 million compared to 10.2 million) than in the previous year. KCB customers did 77% of their financial transactions on mobile phones, 17% at agents / internet / point of sale (cards), and 4% at ATM’s. More ATM’s now accept cheque deposits, not just cash, and also act as 24-hour M-Pesa agents.

The Central Bank of Kenya’s Supervision Report for 2019 shows KCB with 203 branches, followed by Equity with 171 (and 12 sub-branches), Co-op Bank 152, Absa 107, Family had 92 in 2019, NBK 78, and Diamond Trust 70. Between 2018 and 2019 there was a drop of 16 branches from 1,505 to 1,490 with 7 of them in Nairobi that ended 2019 with 593. NCBA has 37 branches but serves the largest number of bank customers in Kenya by far, 31 million thanks to M-Shwari, its partnership with Safaricom.

Outside the country, there is growth as Kenyan banks operate 316 branches in the region, up from 207. They are led by Equity that has 44 in DRC and 39 in Uganda, Equity has a total of 116, followed by Diamond Trust with 68 (36 in Uganda, 28 in Tanzania, 4 in Burundi) and KCB with 60.

During Covid-19, foot traffic has reduced at malls, offices shopping centres and bank branches. This has also been due to the growth of online shopping that has taken off exponentially, and many facilities now have dedicated desk and parking spaces for motorcycle delivery riders.

No sign yet of banks moving to share branch spaces with each other but there is less need for banks to be on the ground floor of buildings, which is usually more costly. Also, shopping malls tend to have a banking floor (top of Garden City mall) or ATM corner where several bank services are grouped.

Absa seedlings promote food security in Kitui

At Yatta today, Absa Kenya donated Kshs 4 million at the launch of a partnership between the Kitui County Government and World Vision.

Chronic food insecurity is a challenge for households and families in many parts of Kitui County and this has increased during COVID-19 which has impacted the economy as people in the area lost their jobs. Caroline Ndungu, Absa’s Marketing Director said being a force for good in society was one of the strategic pillars for the Bank which celebrated its one-year anniversary in the country last week, after completing a four-year brand transition.

Jame Agin, Absa’s Corporate Director said the Bank will seek to collaborate with the County Government of Kitui, which is a largely agricultural and pastoral region, but with perennial hunger and water problems, to finance commercially-scalable agriculture projects, as a solution to the community’s problems while deriving value for Absa’s shareholders.

The funding from Absa will be used to procure drought-resistant seedlings of green grams, sorghum and cowpeas which will be distributed by World Vision to 2,000 households in the Yatta area. This is part of a county food security enhancement program called the “Ndengu Revolution” led by Governor, Charity Ngilu, that aims to address the perennial food shortages in Kitui.

Kenya Tourism Signature Experiences

This week saw the unveiling of the Magical Kenya Signature Experiences collection for 2021-200, by the Ministry of Tourism that is meant to showcase the country’s diverse attractions aside from the traditional wildlife safaris and beaches.

The MKSE program began in 2019 when fifteen experiences were selected. The first group had pricey traditional tourism attraction like the Karen Blixen Museum, Finch Hattons Luxury, the Tamarind Dhow, Il Ngwesi, and helicopter trips to Suguta Valley, which music legend Madonna did a few weeks ago.

MKSE has now added 29 signature experiences in an ongoing process from 59 entries, and the ones that didn’t make it, also get mentorship to improve and qualify. Joining starts with completing an application questionnaire, and one criterion for selection includes that the investor/operator has been offering the experience for over two years. Tourism officials then do a desk audit to shortlist the promising ones, followed by a physical visit to check out the experiences. The Signature Experiences facilities will be marketed by the Kenya Tourism Board at local and international trade fairs.

The second group of MKSE experiences is more diverse and probably more accessible, though price rates were not shared. The big winners on the list are the Watamu coastal area and Nanyuki, with multiple experiences, while operators Watamu Treehouse and Savage Wilderness each feature three unique activities for visitors and tourists to try.

Some unique additions include:

Bicycling in the Maasai Mara and at Diani.
Watersports: Rafting/kayaking at Watamu, Sagana & Tana River and floating adventure at Mida Creek (Watamu).
Camel walking safaris with Karisia.
El Karama Lodge experience for children.
Warrior Academy with Saruni.
Climbing Mt Kenya and Mt Kilimanjaro with African Ascents.
Golfing at Great Rift, Naivasha.
16th century stone ruins at Thimlich Ohinga Migori, now a World Heritage site.
Interacting with rare rhino: treks at Borana, extravaganza at Solio, tracking at Saruni,
Also, two unique experiences are farm ones: At Ololo in Nairobi, there is a farm experience package in which guests can tour and dine on food from the farm. They can partake in picking eggs, vegetables, visit the orchard, milk animals and buy handmade furniture. Then at Olepangi, farm guests can milk cows, make bread, collect vegetables, ride horses, do yoga, and get massages.

The new list also had some of the traditional pricier offerings that draw tourists to Kenya, including Breakfast with Giraffes (sometimes a hot topic), In the footsteps of Elsa (inspired by the story of Joy Adamson’s adopted lioness), and humpback whale watching at Watamu, that controversially featured on CNN recently.