 Why 254, imagine? Hi, my name is Ashdaq Tiyuz and this is why 254 update, but first let us take a look at news making headlines tonight and to a first story micro, small and medium enterprises will be able to access a secured loan ranging between 30,000 shillings and 250 shillings from the new loan product dubbed Starwee through their mobile phones at 9% interest annually. This is after five commercial banks teamed up to unveil a mobile-based credit facility that will target the small to mid-sized enterprises. The facility will initially be managed by Commercial Bank of Kenya, Cooperative Bank of Kenya, Diamon Trust Bank of Kenya, KCB and NIC Group in the pilot first. The Central Bank says Starwee is specifically intended for MSMEs that have been locked out of the formal credit market due to the informal nature of their records and lack of collateral for secured loans. Shillings, if it receives all the necessary regulatory approvals, National Cement says it will acquire all cement and non-sement assets and business of IRM cement PLC in Kenya as a going concern. The deal is however subject to approval by the Competition Authority of Kenya at the River Mining Shareholders in the Capital Markets Authority. The cement company was placed under receivership last year after failing to meet its creditor obligations and shares suspended from trading on the Nairobi Stock Exchange with effect from 20 August 2018. Earth River Mining creditors approved a proposal by the Pricewater Coopers to undertake a robust transaction process aimed at identifying strategical financial investor in Earth River Mining Cement. Today, National Cement has announced that the two companies have agreed on a buyout deal that will see it acquire all cement and non-sement assets and business of Earth River Mining Cement PLC in Kenya as a going concern. Yes, this is Y254 Channel and today is business Tuesday. Remember, we are strictly focusing on business news. Yes, moving on to Deacons East Africa is selling assets in four stores spread across Nairobi and Kigali in Rwanda. The company, which is currently under administration, has invited buyers for its stores under the names for 2U, Adidas, Bosini, FNF9, all situated at various malls in Nairobi and Kigali. The fashion retailer was put under receivership in 2018, two years after its shares were sold to investors at the Nairobi Security Exchange. Yes, and if you own a Huawei smartphone, this story is for you. US chip makers Intel, Qualcomm and Broadcom are the latest technology companies to suspend business dealings with Chinese telecommunication giant Huawei after Google made similar announcement early Monday. The three firms have stopped supplying device components to the firm in an escalating trade war between China and the United States. This comes after US Commerce Department placed Huawei in some 68 affiliates on a so-called entity list, a trade blacklist following an executive order signed by US President Donald Trump. Google has barred Huawei from some updates to the Android operating system. According to Google, new versions of Android operating system will not be available to Huawei devices. No further Android app security updates will be available for devices new and old including the reason P30 and P30 Pro met 2.0 Pro and many more. Apps such as Google Play Store, Gmail and YouTube will be unavailable. Holders of current Huawei smartphones with Google apps however will continue to be able to use and download app updates provided by Google. Huawei is one of the most common devices used in Kenya and Africa at large. In 2018, International Data Corporation indicated that of 53 million smartphones shipments to Africa, Huawei sales accounted for 10.2% behind transition brands Techno, Infinix and Intel and Samsung. However, in a defiant note, Huawei says it has spent the last few years preparing a contingency plan by developing its own operating system. Some of this technology is already being used in products sold in China. Yes, and today we are discussing matters digital space and we utilized these digital space or not. We can be part of this conversation using a social media platform that is Y254 Channel across all social media platforms or you can tweet me directly at Miriam underscore my server. The hashtag to use is Y254 Updates. We are going to take a short break, we will be back after this. Don't go anywhere. Y254, imagine. Kama kawida, this is… Dabal. We are going to be doing normal interview after interview. After interview. After interview. It is time to get up, but we have time. But Maisha just came with that platform and just pushed me outside and made my face visible. You know, when you are born again and you are doing gospel music, it's not just about singing, it's not just about, you know, Wimbo Kupit or what one if I hear Wimbo. Nga patikana kujulekana, it's about winning souls. Yeah, I will have the music. Yeah, I will have the music. Yeah, it's about the song. Yeah, it's about the song. Yeah, it's about the song. And then, for the 20th period, I was intimidated by Chalee because she said she was going to be a big girl. I was like, oh, I'm so chilled out. But she said, say hi. Call me Vivienda. And I'm my guitar. And this right here? It's the band. Yes, so, I'm going to the band. Yes, welcome back. My name is Miriam Massava. And you're watching Y254 Channel. And today is business Tuesday. And we're discussing cyber security crimes, which have been reported to go up by 100%. But despite that, digital space remains a gold mine. We're discussing that. And today in studio with me, we have Fredrik Aringo, who is our founder of digital, sorry, of MDRAS. Well, thank you so much, Fredrik, for making time. To coming to Y254, Karibu Sana. Thank you very much, Massava. Yes, yes, Karibu. And you can begin by telling us what exactly is MDRASa. Okay, before MDRASa, I'll have to introduce myself. Do please, go ahead. The floor is yours. The camera, which one? Yeah, camera one, you can go. Yes. So my name is Aringo Fredrik, CPA. Up down CPA, which I'm also certified accountant. Also I'm having a lot of interest in aspect of technology. So today I think I'll be talking about MDRASa. MDRASa is a platform which this platform I founded that was in last year around October. Took up, that was in October, which we roll it out in the market. Ideally, when we are talking about MDRASa, this is a platform for studies whereby CPA, we are terming them as accountants. And also any other course like those who are doing bachelor in business management and also those who are doing bachelor in commerce. You can access any learning material in MDRASa application. Ideally it's a phone application and also we have a concept of web application. So all these have been designed in a way that it will create an environment to the student feeling like he is in a physical class. That was our main agenda. Creating an online environment that will make a student feel that he is in a physical class. So basically who are your target market? Okay, the target market as of now. We started with CPA students or any person who is doing accounts be it in a university level that is a degree level, be it in a certificate or be it in a diploma. So ideally MDRASa, it has been designed in a way to cater for all the students. So that's the time we started with the account students. But later on we'll be going also to high schools whereby students maybe after they have closed their school they can do their revision at home using a mobile application. Okay, do you expect, where do you see your business growing in the next maybe five years? Where do you see it in the next five years? Actually in the next five years we have a target plan, our strategy is a six years plan. So in our six years plan actually right now it hasn't even, one year hasn't even elapsed. But the target that we had for this one year, I thank God we've already surpassed that because a digital market for youth is an area that if well utilized this can be a very big thing in Africa, the next big thing but it should be the big thing as of now. Because you'll find like they will design our application if you can allow me to demonstrate how it works. They will design our application is that you as a student whenever you've downloaded the application which you can find the application on Play Store if you go to Play Store just search MDRASa then after searching MDRASa in fact it's only MDRASa up on Play Store. But owners of Huawei will not be able to assist? We don't know who Huawei is. But anyway. I believe that we'll be having a lot of solutions on the same regarding the Huawei and Google. This aspect of I believe this is just a business war but in any business war we normally believe this is always a solution. So even personally I believe the Huawei and Google this should not be a permanent thing in which a solution can be found very soon. You say right now you are targeting university students when you are planning to move to high school do you see yourself becoming international? That is a main target. Because even as of now like last semester and also this semester as of now the CPA students are doing the examinations of which this semester we recorded at least 5 international students of which in this case whether students from Rwanda who are using your app? To study CPA because you'll find CPA if I was to talk on a CPA it is a cause that is being done within in several countries. Like last semester we had some students in Rwanda in fact we had roughly 15 students in Rwanda who are using this application to study the CPA because this application must have a if you try it you'll find that you'll have a feeling of a physical class because the first thing that you'll be able to view we have video tutorials the video tutorials have been arranged in a way that you can study on a subtopic-wise basis say for example we have a certain unit this unit has been categorized maybe into different topics so you'll find the Rwanda application is in a way that in each topic we have subtopics then on the subtopics you'll find that we have some video tutorials video tutorials are attached on these subtopics so why did we go on the aspect of subtopics because we'll find you as a student maybe labdona some a certain unit at times you can get bored then you feel like sleeping maybe if the content is very bad so that now we design it in a way that going on a subtopic-wise it'll be very easy you'll not be bored because you'll be having video tutorials first thing the second thing you'll be able to view the class notes these class notes have been designed now which are very brief for you to understand it well and also in addition to that we have revision question and answers maybe you'll find that you've studied and on an aspect of studying at least you want to refresh your mind you'll not refresh your mind but you'll find that the revision questions that we provided you'll just be using revision question and answers to this it has enhanced quality also on studying and to make it very very very good again you'll find that on this platform we provide it now that you can engage your lecturer at any given point maybe you're studying and you feel you haven't grasped the concept correct maybe for example like if you can allow me to use accounting terms will you allow me to use accounting terms we want to go back to school please do hope our viewers will understand yeah I hope you'll understand so say if I'm doing a financial accounting in financial accounting we have something known as a child balance we have a statement of financial position and also we have income statement you'll find this student now when you want to go for a sabu but a sabu is very fun so you'll find on this income statement a student maybe he hasn't gotten the concept correct we are providing an area, a button in the application where a student can ask a question maybe you want to go home and ask more so youths you're studying and you want to listen to a lot of music yeah it's fun but at times it can, it can interrupt you to the aspect that you will fail to understand maybe what we've given so if you haven't gotten the concept correct you'll find the application then on that button this is an area where you can ask a question the moment you ask a question the lecturer on the other side is going to assist you in answering that question or giving you a clear picture on what you're supposed to do in that question that's amongst the beauty of our application a feeling of our physical class at the time of your hands you're making me want to go back to school he has appeared in the accounts and CPAs well he made me update journalism well moving on Fred Glick if I may ask in these application reviews how does it confirm to the new curriculum that the Ministry of Education has rolled out ok it confirms in so many ways as I've now mentioned we've started with the CPA CPA is a professional course of which the main examiner is a KASNAB so in every way on the application it's not only one lecturer we have several lecturers who are very qualified in tuting the same so in these professional courses we've offered a curriculum it has been given by a KASNAB so in a way that we've comply with KASNAB as a body or examination body for CPA students and when you go maybe to universities you'll find that there are so many common courses that a CPA do share with like KABACHELA INKUMAS and also BBM so we've also provided that platform whereby maybe university if on the hall you'll find that some students wofanya wituzao as at the end of the class so we've provided it in a way that atakamu jeliwa chuchote if you're using MDRASA application you can still do your studies very well you are found of this app what does one need to start an app are there like regulations or requirements for ones to start an app as a business venture looking at it on the side of a business if you are to set an application first of all it should be having a plan so in every business as much as it has a plan you should be able to identify what do you really need so after you identify what you really need now you'll come up with a structure it's not an easy stuff for us to come up with MDRASA app it took us almost 7 months on brainstorming on aspect of brainstorming for a period of roughly 4 months some people if suppose this application is here what do you think how can it work in that it's just a matter of collecting data so it will take a lot of time if you really want to be very effective because it took us roughly like 7 months on aspect of gaining getting the research and developing the same so what it takes for you to come up with an app what so when you're talking about triutes and any other investor in this case you'll have to identify what you really need to achieve on the app like for us our main achievement was looking at it on the side of business we were also looking at it on the side of assisting the students so that's why we came up with this app and there's so many features rather than mentioning the app including when you'll take me there of which you're talking about MDRASA for SMEs like again using our application if you're doing a certain business right and basically you're talking of carry even use it to know how to engage and carry before we go to that is ICT and the digital space goldmine ashoots are just sitting on instead of utilizing it and creating employment for ourselves do you think ashoots are just sitting on it actually for ashoots we are sitting on it more so in Africa as at now technology is something that if we embrace it well with good strategies trust me it's a form of an area whereby it's going to create a lot of employment because as at now we'll find that maybe a person is starting just for the purpose of kutumuama CV but if you have an idea it doesn't mean that you really have to have that good knowledge in IT so long as you have an idea you can try to look at some friends all of us we normally meet at times kutumuama CV so in this case you can use your idea share it with your friends you'll find that these friends could be having a certain idea and a skills to come up with something so for me technology is a goldmine more so for ashoots if we can use that knowledge very well it will be a hit in every in every sector that we are doing because right now you are focusing like Emda Rasa basically is on aspect of education but you see like in Emda Rasa also we've gone further and provided a platform for business whereby the business can use our application web application and phone application to be assisted in filing the returns like nowadays this is a period of filing the returns basically people have adopted manual but bringing in technology how can you bring in technology how can you use this digital space in assisting you guys in filing your returns but they must have of you filed your returns I'll send you my picture on live air I'll send you my picture but I'll file them tomorrow we still have time we are still working until the last minute you can use you can use our application to file your returns to file my returns this is an area that you can go we have our tax returns but in that case you can just upload your P9 after uploading your P9 you can just give us your itax then the other things leave it to us leave it to you that's what for digital space that you can also take an advantage as much as I give you my information and the P9 and the PIN and everything else how safe is it and also go ahead and tell me the challenges facing cyber securities digital space and also your app have you encountered any challenges ok, going to your first question in that case your data is very secure it's very secure how many percent right now we are talking about 98% there is nothing that is 100% that 2% usually matters but it's very safe now going to aspect of cyber security this is something that has heated Africa initially you are thinking that cyber security is something of the west even though every person was thinking about right but currently we find that talk of these banks these banks trust me they are being hacked at least in a year they are being hacked several times and that's how you'll find that we have several companies that are in place take for example when you are talking about if I can mention on company known as NOVIS NOVIS limited is a cyber security firm of which in this case you'll find that they have come in place like if you can talk on aspect of banking there's something known as penetration so in this case we'll find these hackers we have our two types of hackers we normally talk of black hearts and we normally talk of white hearts so black hearts your information for the purpose of making cash whereas white hearts these are also hackers but these hackers are also good for good intention so they come to protect to protect your data so you'll find that cyber security also assudes if you can take an advantage on aspect of cyber security and learn some few ways of there it is also a way that we can use it to make cash on ourselves but not black hearts they assuse it as white hearts not many trading to getting access of a person but do that on aspect of you creating enabling environment for business to conduct their job and do you think we have enough cyber security awareness as the government created that awareness that it can actually how do I say it is there enough awareness and also is the policy and the laws for cyber security are they strict enough to restrict people from hacking or involving in food stuff yes yes I really think the government they come up with the cyber laws of which at this point you'll find that it has really assisted on some way or the other but still we should keep up or rather we should at least the government should put more effort on the same because as much as we have our cyber security the beauty part of cyber security that is on the good side we can do a hack and you'll never trace that person so that's also an area that the government can also engage youths on aspect of trying to do a track on these people have hacked something because that is an area that they are not clear yet say that if for example a person has maybe accessed this data without the consent of the other person in such a case how can we track this don't track what's the next step that we can do so that is the area that I think the cyber laws should also be very clear should also be very clear on the same that's an area that should be very clear on the same but so far so good they have tried their best as the government ok your final statement as you tell us how can get your MDRASA up yes as we wrap up the show ok the MDRASA up you can go to play store of which MDRASA is the only MDRASA on place so you'll just search it download the app then after downloading it you're going to to sign up of course after signing up you'll be able to access the cause that you will need to to access on aspect of CPA and also the beauty part of it we've also collaborated with a college in town known as Regional Center of Management this college is located opposite Gallitos Commonel House we have third floor in fifth floor so in case of anything relating to your study CPA in Osadana courses you can come there because the same we have the online part of it then if you feel you need a physical classes you so our college you can join us but ideally to the youths again I just want to tell them we can use this digital space to create our own employment we can use this digital space to create big businesses let us not just depend on aspect of being employed because on aspect of employment it will reach a time that will get tired if you get tired and you don't have anything what will you do? you should be having at least your own business somewhere so for the youths we have digital spaces very wide we can take that advantage to create our own to create our own businesses well thank you so much Fred please do come again when we invite you thank you for making time well that marks the end of our show thank you so much for staying with us well till next time my name is Miriam Asava the Paz is up next