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Going forward developers, buyers and other investors are anticipating that the land market will get a boost should the interest rate cap be removed/FILE

Kenya

150 East African companies shortlisted for CIO100 Awards

150 out of 384 companies were shortlisted successfully ahead of the major IT symposium and Awards that will be held in Naivasha from 21 November, 2019/FILENAIROBI, Kenya Oct 29 – More than 60 percent of the companies that entered into the IT excellence awards in East Africa have been shortlisted with Kenya being ahead of the pack.

This award covers six East African countries including Kenya, Uganda, Tanzania, Rwanda, Burundi and Ethiopia.

“This year for the first time, we saw companies from Ethiopia making submissions to be considered for the award,” said Andrew Karanja, Director, CIO East Africa. There has been a steady uptake of technology in Ethiopia as the market continues to open up.

The CIO 100 Awards recognizes companies that have used IT in the most innovative way to solve business challenges and achieve organizational goals. The awards have been running for the last none years and have become a yardstick to benchmark a company’s innovativeness among its competitors and industries.

Some of the companies that made submissions from Ethiopia include Gebeya, a technical training company based in Addis Ababa, i-Tech Systems Engineering and Consulting, Meheda Food Processing Company, East Africa Tiger Brands, Development Bank of Ethiopia, Zemen Bank and Dashen Bank SC.

The banking and financial services sector makes up almost 40 percent of the submissions including from both Commercial Bank of Africa and NIC Bank, now rebranded NCBA after the merger, Equity Bank, DTB Bank, Standbic Uganda, Standard Chartered Bank Kenya, I&M Bank, Sidian Bank and SMB Bank to name just a few.

Insurance and the savings and credit sectors are also very well represented with most of the large insurance companies making submissions. These include UAP Old Mutual, the Madison Group, AAR Insurance, Bluewave Insurance, Mwalimu Sacco, Bandari Sacco, Chai Sacco and Boresha Sacco just as a sample of the submissions.

Manufacturing and hospitality industries had the lowest entries this year with both recording less than 2 percent of the entries.

“Manufacturing and hospitality industries numbers went down this year  compared to the last two years where we had a strong field from those two industries,” said Melissa Dorsilla, the CIO 100 Project Lead at CIO East Africa.

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Government agencies and ministries also made substantive submissions these include Kenya Revenue Authority, Uganda Revenue Authority, Kenya Electricity Transmission Company (KETRACO), Uganda Investment Authority, National Drug Authority – Uganda, National Hospital Insurance Fund among others.

The adjudication of the awards is on-going and the finalist for the various awards with announced early next week. The adjudication is conducted by a five-person regional jury made up of industry experts from Kenya, Uganda, Tanzania, Rwanda and South Africa. The jury is led by Prof Louis Fourie, former VC at the Western Cape Peninsula University of Technology.

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