IT Outsourcing Center
Equity Bank has partnered with Strathmore University, @iLabAfrica Centre to train data scientists for the financial sector.
Data Science is helping in great ways for banks and financial institutions , including economic advisories to identify patterns in markets and predictions. Getting best use of data for their benefits . Banks have realized that big data technologies can help them focus their resources efficiently, make smarter decisions, and improve performance.
Banks and other finance companies has a lot of data. Data is not only the new oil, but it is the crude oil and Analytics is the refinery. The use of Data Science in banking is more than a trend. It has become a necessity to keep up with customer demands. They know customers, their details, purchase powers, purchase patterns and much more that is provided by the Big Data implosion. The Banks need skilled team that can handle not only Descriptive analytics, but also Diagnostic analytics, Predictive analytics and Prescriptive analytics.
There is great a need of Data scientist in Kenya’s financial sector. This is the reason Equity is leading the way in developing future data scientists. There will be 30 graduating students selected from Bachelor of Business Science – Actuarial Science, Financial Engineering and Financial Economics degrees in addition to IT students from Bachelor of Informatics and Computer Science. This was arrived since Data Scientist is someone with three key knowledge areas – Computing, Statistics and Business Domain
The students are currently attending introductory classes in Data science that has been going on for the last 18 months. The students will review statistics, logistic regression, Generalized models, cover specialized topics in data preparation, data visualization and introduction to Machine learning. At the end of the training, successful candidate will join Equity bank’s data science team.
This partnership is one among many that Stathmore University is working with various companies to fill the skill gap in Data Science. The University is also looking at launching a Masters in Data Science to give a chance to Kenyans to acquire data science skills.
A delegation of Ricoh Company Limited executives, including CEO Yoshinori Yamashita, met with @iLabAfrica department heads and director Joseph Sevilla on Wednesday 15th September to discuss partnership between Ricoh and @iLabAfrica.
Ricoh a Japanese imaging and electronics company with a worldwide influence on technology and industry visited @iLabAfrica to understand opportunities available in Kenya and Africa with the hopes of establishing a foundation for sustainable growth on the continent. The multinational has a worldwide workforce of approximately 97,000 employees and a turnover of over 2 billion Yen.
Part of Ricoh’s Sustainable Development Goals strategy is its policy of leveraging the strengths of manufacturing technology to make breakthroughs in technology and industry. A primary actuator of this endeavour is the company’s strong commitment to leading research and development across multiple markets around the world. Ricoh has technology and customer research groups in roughly 200 countries across the world and sees investment in Kenya as a gateway to connecting East, Central and South Africa to its expansive network.
Ricoh already has presence in the East African market through its ubiquitous imaging and printing devices, and through its partnership with The Copycat Limited—Ricoh’s authorised service provider in the region. The Copycat Limited is also a partner of @iLabAfrica and this connection made the meeting between Ricoh Co. Ltd and @iLabAfrica possible.
David Mills, CEO of Ricoh’s operations in Europe, the Middle East and Africa, expressed the company’s desire to digitise workspaces in Africa through partners such as The Copycat Limited. @iLabAfrica Director Joseph Sevilla pointed to the challenge-based learning programme that @iBizAfrica has recently launched. These programme is developed to have small teams of tech-centric entrepreneurs working on specific organisation challenges using the resources, networks and mentors that are available in the @iBizAfrica learning space.
A partnership between Ricoh and @iLabAfrica could assist entrepreneurs and developers, introduce novel solutions for the East African, Japanese, and global markets. Ricoh’s expertise in printing and imaging technology could be a springboard for innovations in 3D and textile printing such as the ongoing Fundamentals of IoT and 3D Printing Course run by @iBizAfrica in partnership with Kuunda 3D.
Standard Chartered in partnership with @iLabAfrica this week launched the start off a search for a second cohort of women-led technology startups which will see five entrepreneurs win Sh1 million each.
The Standard Chartered Women in Technology Incubator Kenya is Africa’s leading women in tech incubator, aligning with calls for more diversity in technology and for more opportunities for women to develop entrepreneurial and leadership excellence.
Through the Women in Tech Incubator, 10 businesses will benefit from mentorship and seed funding.
The program combines world class startup support with local and international experience to provide Africa’s most competitive and attractive startup incubation program focusing on immersive learning, mentorship, building and growing Africa’s next iconic startups taking on the continent’s most relevant challenges and opportunities.
Shortlisted start-ups will be selected to go through a 12-week incubation period after which five will win Sh1 million.
“The Women In Tech Incubator programme will help identify, grow and bring to the market unique business ideas and change the fortunes of women entrepreneurs and business owners in Kenya,” said Public Services, Youth and Gender Affairs Cabinet Secretary Margaret Kobia while speaking during the launch on Monday.
Last year, the five businesses which received seed funding were solar cooler company Maziwa Plus, e-commerce platform Heri Online, insurance information app Bismart, career solutions hub Zydii and Africa Solutions.
Some of the winners have gone on to attract funding from local and international investors to scale up their businesses.
How to APPLY
- be a woman
- be the CEO with equal or majority ownership in the company
- 18 and above
- of Kenyan nationality
- Three months incubation at Strathmore University’s leading businss and innovation incubator
- Mentorship from world class mentors
- Coaching by top business, technology and legal professionals
- Immersive, world-class entrepreneurship curriculum
- Networking and exposure to expand your business networks
- USD 10,000 or KES 1,000,000 equity-free grant seed funding for the top 5 winners
- 9 months ongoing support from Standard Chartered and @iBizAfrica to assist with go-to market and scale.
- Participants must be physically available to attend the program over the three months incubation
- Participant accommodation costs are not catered for
For more information Click here
To Apply click here
From 17th to 28th September 2018, @iLabAfrica and Kuunda 3D will hold a two-week certificate course on the fundamentals of the Internet of Things (IoT) and 3D Printing. The course will cover practical skills in both technologies and how their convergence can be harnessed for the development of creative and marketable solutions. It is aimed at training students and interested industry professionals and offers participants the opportunity to network with IoT and 3D printing enthusiasts and experts.
3D printing is one of the latest trends in design technology and it is poised to revolutionise how we create useful objects—such as electronic devices. Traditional manufacturing of electrical devices entails designing industrial machinery and setting up dedicated assembly lines within manufacturing plants to produce and assemble specific products. Building new manufacturing plants or redesigning old ones for new products is time-consuming, expensive and requires considerable expertise. This impedes flexibility in industry and bars creative individuals from developing their own electronic devices. In new and rapidly developing markets—such as those created by the growing popularity of the IoT—the ability to quickly design, produce and introduce new electronic devices to market is invaluable.
With 3D printing, parts for electronic devices can be created from scratch using digital designs. Combined with the increasing availability and decreasing prices of electronic components, 3D printing holds the potential to revolutionise the manufacture of electronic devices. Electronic devices are, after all, reducible to electronic components integrated and housed in specifically designed casings. This empowering combination of readily available electronic components and 3D printing is an opportunity waiting to be realised as the emerging IoT market is ripe for innovative electronic devices custom-built to provide creative solutions to every-day problems. It is equally valuable to general manufacturing, emergent fields such as drone technology and automated prosthetics, and the development of automated stations.
The IoT and 3D Printing course by @iLab and Kuunda 3D is tailored to equip participants with skills and hands-on experience in the use of both technologies. The lessons include:
- The parts of a 3D printer and how they work using Ultimaker and MakerBot 3D printers;
- 3D modelling and design with Tinker CAD and 123D design software;
- The slicing process by which 3D designs are converted into 3D-printable formats;
- An overview of IoT including machine-to-machine technology, the market value of IoT, IoT Architecture, and the place of IoT in big data and monetization;
- An introduction to micro-controllers and programming using C/C++, integrated development environment (IDE) applications, and electronic prototyping on the Arduino platform;
- Communication technologies, protocols and utilising Cloud Platform in IoT; and
- A hands-on guide to developing a complete Internet of Things solution.
The interdisciplinary course places focus on the nexus between the two technologies and how they can be combined to convert an idea into a working model and then into a viable business case providing customised solutions. Participants will learn how to create their own 3D models and apply foundational IoT skills to creative problem-solving and rapid prototyping. Successful completion earns each participant a certificate.
The two-week course will be held in @iLabAfrica in Strathmore University from Monday the 17th to Friday the 28th of September, 2018. Sessions will run in the evening from 5.30 pm to 8.30 pm. The programme cost is KES 35,000 per participant, which covers the training, laboratory and certificate fees.
Applications are currently open and can be made online at https://bit.ly/3Dcourseilab.
iLAB Africa, through Strathmore University, and ISACA Kenya have recently partnered up to bring information and resources in areas of cybersecurity, ICT implementation, IT risk and IT audit. These areas are contemporary discussion points in IT and imperative for the management and protection of data within corporations especially in today’s technological climate.
In 2017, Kenya lost 21 billion shillings through cyber security crime, making it one of the biggest losses in Africa, second only to Nigeria. This loss was largely attributed to cybercrimes committed in financial institutions through online fraud, social engineering, ransomware, banking malware and ATM-skimming. The magnitude of this loss and others spurred the enactment of the Computer Misuse and Cybercrimes Act, signed into law in May 2018, which seeks to provide stiffer punishments to cyber criminals. The Act, however, faces the challenge of implementation of anti-cybercrime strategies which require knowledge and experience in cybercrime and IT risk management in order to protect information and hold individuals accountable for violating the established laws. It is this information gap which the collaboration intends to fill through conducting evening and breakfast talks, trainings and assistance with research on the aforementioned areas. In addition, the collaboration seeks to improve and initiate the formulation of ICT strategies, policies and their transformation and adoption of best practices in ICT implementation and cyber security, areas which are the purview and expertise of ISACA Kenya.
Founded in 2000, ISACA Kenya is the Kenyan chapter of the larger international Information Systems Audit and Control Association (ISACA). A key hallmark of ISACA is the development of the Business Model for Information security which takes a business approach to managing information security as well as the internationally recognized COBIT, Val IT and Risk IT frameworks that help IT professionals and leaders fulfil their governance responsibilities while delivering value to their business. iLAB Africa is a centre of ICT innovation and development based at Strathmore University and is involved in interdisciplinary research, students’ engagement, collaboration with government, industry and other funding agencies. It is this specific skill set that forms the basis of the collaboration between ISACA Kenya and iLAB Africa and its focus on Cybercrime, IT risk and IT Audit.
The Kenya Association of Manufacturers (KAM) through @iLabAfrica, Strathmore University has launched a portal where job seekers and industry players can link to create synergies. The Jobs portal was unveiled during the launch of the first ever TVET Job Summit in Nairobi, the site that will act as a direct link between industries and job seeking technical skills graduates.
The portal was developed in partnership with German Development Cooperation through the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) E4D/SOGA – Employment and Skills for Eastern Africa.
The portal which was designed by @iLabAfrica, Strathmore Univeristy is set to host job opportunities from businesses and industries and targets job seeking graduates from technical institutions.
Speaking at the KAM Job Summit, @iLabAfrica Director, Dr. Joseph Sevilla mentioned “It is great to see industry and education sectors come together to create job portals for the youth. These developments create employment opportunities for the youth by linking their skills to the right jobs and eventually growing the economy of the country. ”
Chief Administrative Secretary, Labour and Social Protection, Mr. Abdul Bahari noted that the mismatch between skills possessed by graduates of training institutions and those demanded by industry is one of key reasons behind the high unemployment rates in the country, especially amongst the youth.
“Manufacturing is one of the pillars in the Government’s Big Four Initiative, which seeks to increase the manufacturing share of the country’s GDP from 8.4 percent in 2017 to 15 percent by 2022.Intertwined with the growth of manufacturing, is the Government’s goal of ensuring adequate employment opportunities for its citizens.”
Also present at the summit, Principal Secretary Technical and Vocational Education and Training, Dr. Kevit Desai reiterated the importance of the role of industry in creating opportunities for technical skills graduates, “Industry has a role to play in creating sabbatical for our trainees. We are at a time in this nation that we must look beyond technical issues, we must consider national values, cohesion, attitudinal issues and must be inculcated as a standard for international competitiveness.”
KAM Chairlady, Ms. Flora Mutahi noted that the job site will provide grounds for industry to meet its much desired skills for growth. Adding that, the Fourth Industrial Revolution will change global definitions of work, labour and production and eventually disrupt traditional work processes.
“The job portal is the much needed intervention that industry desired to have direct linkage to technical skilled graduates. It is also an opportunity for business leaders and industries to collaborate with institutions to grow the employment ratio in the country,” said Ms Mutahi.
Also at the event, GIZ Country Director Mr. Stephen Opitz emphasized the GIZ engagement towards the development of technical skills in the country.
“Through GIZ E4D/SOGA programme, we aim to train about 12000 youth, and purpose to place about 7000, of the trained youth, by 2019.The portal will be a valuable platform that will easily connect employers and potential talents. That is why we are partnering with KAM to make this happen,” added Mr. Opitz.
Industry remains a big contributor to jobs creation, which is a major driver for economic development. The President’s Big Four Action plan highlights the manufacturing sector as a priority sector in transforming the lives of Kenyans through job and wealth creation.
Kiambu County through @iLabAfrica, Strathmore University on May 2017 began training of Cashiers and IT officials in the County Revenue offices in its various sub-counties. The move is aimed at eliminating the use of ‘hard’ cash to pay for parking fee and market fee, this will ease congestion and save on the time of issuing of receipts by middle men. The cashless system will also be helpful in registering small businesses and reduce long queues of people waiting to be served in the Revenue offices.
The trainings are conducted in various sub-counties of Kiambu. “Our team will train for a day and return for a follow-up the next day. This helps us to gauge how receptive the officers have been to the system in a specific sub-county,” says Mark Gatheru of @iLabAfrica. The training is both theory and practical for the implementation of the system.
So far training is complete in 6 sub-counties. Thika, Juja, Gathunguri, Ruiru, Kiambu, Limuru and Lari- Kabete. Mr. Gatheru of @ilabAfrica mentioned that they plan to be through with the remaining 5 counties by June 2018. Depending on the schedule of a sub-county the duration of training may take a shorter or longer period, for example, in Thika the training took up to 6 days. Consequently, in Limuru the training took a day.
“There is an online portal where the officers and cashiers that we train can look up information if they encounter a problem with the system” says Mr. Gatheru.
During the launch of the cashless payment system the Kiambu Governor Hon. Ferdinand Waititu mentioned that he was impressed with the new system, “The new system will help in saving up-to 46 million shillings per week.” Governor Hon. Ferdinand Waititu
The cashless system developed by @iLabAfrica targets all the 47 counties. So far, Kilifi, Busia, Mombasa and Taita Taveta counties have began the trainings.