The Truth

Tag: Uganda

  • LG Announces 16% Price Cuts Ahead of Valentines

    LG Announces 16% Price Cuts Ahead of Valentines

    LG Electronics East Africa has announced price cuts of up to 16% across select appliances and electronics to be retailed between 1st February and 28th February ahead of the valentine’s celebration.

     

    Working in partnership with its distributor Opalnet and other Electronic Dealers Nationwide, LG revealed that within this period customers will save between Kes 7,000 to Kes 40,000 on select products.

     

    Giving his remarks while making the announcement, LG Electronics EA Marketing Manager Changhyun Kim said,

    “The move is in line with LGs 2023 strategy that seeks to build accessibility for all not only through customer-centered innovations but also through affordable pricing and making available of our products right at our customer’s doorstep. February is a month of love and we are committed to spreading the same through our appliances hence making life more fun and bearable for our customers”.

    READ: All About the New LG OLED TV Lineup For 2023

    Products discounted in the one-month period included Refrigerators, Televisions, Home theaters, XBOOM Soundbars, and dishwashers. Customers purchasing LG Fridge Single door (163L) will save Kes 7,000 hence purchasing which is a 12 percent price drop.

    The same percentage drop will apply on the top freezer and side-by-side refrigerator of between 194L to 649L. Customers will save Kes 40,000 on the latter which is a side-by-side refrigerator with a smart Inverter Compressor, Multi Air Flow, and Smart Diagnosis capabilities.

    READ: LG Announces Ambassador Challenge to Empower Locals

    For shoppers seeking to ease their workload in the kitchen, the 14 Place Setting dishwasher with the energy-saving enabler inverter DD and four spray arms (QuadWash) will retail at a 17 percent discount hence enabling them to save up to Kes 20,000.

    Other products line up for discounted prices include the 65-inch LG UHD 4K TV with AI ThinQ Slim Design where shoppers can save upto Kes 21,000, the 86-inch LG UHD 4K with a Cinema Screen design which is available to Ugandan shoppers with a UGsh 28,512,106 and the TZsh 18,094,212 for Tanzania shoppers.

     

    In addition to the price cuts, Kenyan shoppers who purchase LG refrigerators and washing machines from LG OPALNET branded shops this month stand a chance to win a holiday for two between February 26th and 28th. Shoppers who purchase other home electronics also stand a chance to win shopping vouchers and varied giveaways.

    READ: LG Residential AC Reduces Energy Use By 55%

    To participate, the shoppers will be required to take a photo with the purchased home appliance or home electronics, and post it on LG’s social media platforms. Images with the most comments and likes will be rewarded with the holiday and gifts. Winners will be announced on February 25th through LG Electronics EA Social platforms.

    The discounts will be applied in Kenya, Uganda, and Tanzania and the products can be found across all LG Brandshops and leading electronic outlets. They come at a time when LG seeks to execute its 2023 strategy that features a strong offering of customer-centered innovations to build a better life for all, and care for the environment which is anchored on its 2030 ESG blueprint dubbed better life plan, and its Better Plan blueprint that seeks to build accessibility, and easy use of LG’s products and services by the disabled and elderly.

  • WorldRemit – Kenya is one of our top 3 markets in Africa

    WorldRemit – Kenya is one of our top 3 markets in Africa

    Kenya is among the top 3 countries in Africa where WorldRemit users globally send money to. In data shared with newsrooms globally to mark International Day of Family Remittances, the London-based global payments company noted it had processed transactions to Kenya worth 170 million GBP (Sh24.47 billion) as of June 1st, 2022.

    This figure puts Kenya at par with Zimbabwe and second only to Nigeria, where WorldRemit users globally sent 270 million GBP (Sh38.86 billion) over the period under view.

    The full ranking, which looks at send volumes on the WorldRemit app and website for the first six months of 2022, is as follows:

     

    1.       Nigeria – 270 million GBP (Sh38.86 billion).

    2.      Kenya & Zimbabwe – 170 million GBP (Sh24.47 billion)

    3.      Ghana – 140 million GBP (Sh20.87 billion)

    4.      Uganda – 100 million GBP (Sh14.39 billion)

    5.      Cameroon – 75 million GBP (Sh10.79 billion)

    6.      Tanzania – 60 million GBP (sh8.63 billion)

    7.      South Africa & Somaliland – 55million GBP (Sh7.91 billion)

    8.      Rwanda – 40 million GBP (Sh5.85 billion)

     

    WorldRemit, which provides international money transfer services across 130 countries in over 70 different currencies, also published data on inflows to countries in the Americas and Asia Pacific Region that have significant migrant populations in the diaspora.

     

    WorldRemit allows receivers in Kenya to receive their funds as a bank transfer, on M-PESA and other mobile wallets, as cash pick up in selected banks and financial institutions, and as airtime top-up on their phone.

     

    Remittances, or money sent back home by migrants living abroad, have been steadily increasing in Kenya in recent years. Data from the Central Bank of Kenya (CBK) shows that remittances reached USD 3.71 billion (Sh421.98 billion) in 2021, up 20.2 percent from USD 3.09 billion (sh351.46 billion) a year earlier. They a have hit a record high every year since 2016 and continue to gain momentum in 2022.

     

    Customer surveys by WorldRemit shows that the top uses of remittances are education, medical expenses, and household needs. More customers are also shifting to digital channels which have proven to be more affordable, secure, and fast.

  • Liquid Intelligent Technologies, Facebook to build fibre network in DRC

    Liquid Intelligent Technologies, Facebook to build fibre network in DRC

    Liquid Technologies and Facebook have announced a partnership to build an extensive long haul and metro fibre network in the Democratic Republic of Congo (DRC) that is expected to improve internet access for more than 30 million people and help meet growing demand for regional connectivity across Central Africa.

     

    Facebook will invest in the fibre build and support network planning. Liquid Technologies will own, build and operate the fibre network, and provide wholesale services to mobile network operators and internet service providers.

     

    The network will help create a digital corridor from the Atlantic Ocean through the Congo Rainforest, the second largest rainforest after the Amazon, to East Africa, and onto the Indian Ocean.

     

    Liquid Technologies has been working on the digital corridor for more than two years, which now reaches Central DRC. This corridor will connect DRC to its neighbouring countries including Angola, Congo Brazzaville, Rwanda, Tanzania, Uganda, and Zambia.

     

    The new build will stretch from Central DRC to the Eastern border with Rwanda and extend the reach of 2Africa, a major undersea cable that will land along both the East and West African coasts, and better connect Africa to the Middle East and Europe. Additionally, Liquid will employ more than 5,000 people from local communities to build the fibre network.

    “This is one of the most difficult fibre builds ever undertaken, crossing more than 2,000 kilometres of some of the most challenging terrain in the world”

    said Nic Rudnick, Group CEO of Liquid Intelligent Technologies.

     

     “Liquid Technologies and Facebook have a common mission to provide affordable infrastructure to bridge connectivity gaps, and we believe our work together will have a tremendous impact on internet accessibility across the region.”

    “This fibre build with Liquid Technologies is one of the most exciting projects we have worked on,” said Ibrahima Ba, Director of Network Investments, and Emerging Markets at Facebook.

    “We know that deploying fibre in this region is not easy, but it is a crucial part of extending broadband access to under-connected areas. We look forward to seeing how our fibre build will help increase the availability and improve the affordability of high-quality internet in DRC.”

    Liquid Intelligent Technologies is present in more than 20 countries in Africa, with a vision of a digitally connected future that leaves no African behind.