LG HARDWARE CUSTOMIZATION – THE FUTURE OF SMARTPHONES.

Smartphones have proven to be perhaps the defining technology of the 21st century.  The versatility of the devices as well as their ability to take on almost any task has led to them being labeled 21st century pocket knife dilemma.

Customizable technology is nothing new. The success of smartphones can be traced to their customization options which allow users to personalize everything from apps to operating system layouts but no matter how advanced the software powering devices becomes, they will always be constrained by hardware limitations. To overcome these barriers, LGs exciting to develop modular technology– devices that can swap components depending on the needs of the user. As radical as this technology sounds, modular technology has already been seen in a number of areas including HD projectors, cars, computers and more.



LG CAM Plus

The LG CAM Plus will transform the G5 smartphone from a regular device, to a more traditional point-and-shoot digital camera. This official LG G5 accessory attaches to the bottom of the phone, and replaces the chin, battery and more all in one.

The LG CAM Plus adds a little bulk, but adds tons of function and lots of battery life. It's a dedicated camera with the CAM Plus. Giving users a nice textured grip and standard camera feel, zoom wheel, camera shutter button, tap-to-record, and the CAM Plus accessory adds an extra 1,200 mAh of battery.

The LG G5 CAM Plus accessory attached gives users one of the best camera experiences and flexibility to date with the dual rear cameras, and combined with the internal 2,800 mAh battery, and its additional juice, will give the phone 4,000 mAh enough to last nearly two days or more, or hours of 4K video recording.





LG Hi-Fi Plus (DAC)

LG’s new Magic Slot will host a slew of different modules that snap in to add more features to the phone for anyone who want to customize them. LG revealed a Bang & Olufsen-designed DAC module for enhancing sound quality for audiophiles, which can act as a stand-alone Digital to Analog Converter, like playing high quality audio from a computer, tablet or other devices.

 Through the revolutionary LG G5, the “LG Hi-Fi Plus” Bang & Olufsen DAC accessory works with the LG G5, or by itself. This allows the phone to have improved audio playback unlike any other device, similar to the improved sound delivered in the LG V10 smartphone last year. This increases quality from 24-bit to 32-bit, which many audiophiles will enjoy.









LG 360 CAM

Unveiled alongside the new LG G5 is the LG 360 VR Camera, Tailored for Smartphone. This little accessory features two 200 degree 8 megapixel cameras to capture VR video up to 4k resolution, crisp and stunning photos, and houses a dedicated micro-SD card for storage along with 8GB of internal storage.
It's a simply little accessory with a one-touch instant record or take photos button, which looks similar to the LG G5 fingerprint scanner, and looks nice a nice addition for those who want an action-cam, record video anywhere or in 4k, or of course 360 degrees VR content to view on smartphones, tablets, YouTube, or LG's new 360 VR headset.






 LG 360 VR Headsets

The new LG 360 VR headset aims to deliver stunning virtual reality video and games all powered by the LG G5, as part of the 2016 Modular Technology.

promises a better high-def. video experience that tops the market  VR headset available. They're wired, for improved quality, Personalization and also much lighter. Users are viewing a screen that's over 100-inches, at about 2 meters away. This will allow for stunning VR content from the Google Cardboard app, other VR sources, video captured with the LG G5, or the new LG 360 VR camera.

HVAC Industry set for a buoyant growth in the Middle East & Africa; reiterates LG Chief

Mr Kevin Cha, President, Middle East & Africa, LG Electronics

With rise of trends like smart cities and green buildings in the Middle East and Africa, the Heating, Ventilation and Air Conditioning (HVAC) products and equipment’s market is all set to find high usage across different residential, commercial and industrial applications, reiterates LG Electronic

The HVAC industry in the Middle East & Africa is witnessing a prominent presence of products dominating different segments of the market and one of the fundamental facets that seem promising for international as well as regional manufacturers, distributors and system integrators is the ongoing development in various residential, commercial industrial, and institutional projects across the MEA region.
Commenting on the trend, Mr Kevin Cha, President, Middle East & Africa, LG Electronics, said, “Companies are investing in R&D and designing new products that have better energy ratings and result in lower emissions and utility bills. With such a proactive approach by industry players including us, the Heating, Ventilation and Air Conditioning (HVAC) industry looks set to experience robust growth in the coming years in response to increasing demand”.

With massive investment plans already underway by big real estate groups and government agencies towards enhancing the infrastructure and promoting new avenues for the tourists, there will be a direct impact on the overall tourism industry across the Middle East & Africa. Also, with the new age shopping centers, hotels, hospitals, apartments, airports, and others, world class air-conditioned environments will be offered to the end-users.

Likewise, in line with the major HVAC regulations prevalent in the MEA region like LEED (Leadership in Energy & Environmental Design) certification, Arab Energy Efficiency Building Regulations, and GCC Standardization Council (GSO), among others, HVAC manufacturers like LG Electronics ensure that the products strictly comply with the latest energy efficiency norms laid down by the respective regulators, government, and other green building policy makers of a particular country in the region.

LG’s HVAC business has grown exponentially over the last 20 years. The success of LG air conditioners has grown to become one of the giants in the highly competitive HVAC industry.

“LG’s air conditioning business is already an integral part of the company’s business and LG has invested in producing a wide range of solutions across both residential and commercial sectors for several decades now. The company recently made large investments for R&D, and constructed a new chiller manufacturing facility set to open in 2017”, added Mr Cha.

LG’s air conditioners are designed with high style and innovative technology to be the perfect solution for hot summer months. LG’s flagship product Multi V VRF system has gained top of the mind position among key stakeholders like developers, consultants and contractors because of high energy efficiency, quick technical response and after sales service. Third party market surveys have confirmed LG’s products to be leaders in the region.

In the residential space, LG’s latest Titan Split air conditioners offer exceptionally cool environment, even during the humid summer months thanks to its tropical compressor, which holds performance verification by TUV Rheinland. LG’s latest Titan air conditioners can withstand extreme conditions such as high temperature degrees up to 60ºC.

With the rapid technological developments within the HVAC industry, the HVAC products are embedding features making them more and more energy efficient and eco-friendly, in line with government and consumer demands. Green Technology embedded products are gaining fast traction in response to the increased regulations for energy efficient products locally and globally.

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LG’s G5 innovative modular design is revolutionary

When LG Launched the G5 early 2016 in Barcelona, they set a stepping stone into the revolutionizing of the phone into Modular Technology. Since the launch of the smartphone, it has had a major impact on society that can’t be all noted down.

Modular is a design approach that subdivides a system into smaller parts called modules that can be independently created and then used in different systems. The philosophy’s goal is to enhance customization and place the user in complete control.

Picture the LG G5 as a pocket knife, equipped with multiple tools, pocket knives have a wide range of applications and can be used to solve almost any conceivable problem. Same as the LG G5, it has the capability to be flexible and adaptable to a variety of situations.

 With the continuous use of smartphones, personal customization of the phone was only limited to than choosing a unique case, ringtone or lock screen photo. However, the application of modular technology represents a way forward for smartphones, bringing the same level of customization to smartphone hardware that was once only possible for software.

Even though the introduction of Modular Technology has many advantages, there exists a possibility that many smartphone consumers might be uninterested to switch from software to hardware customization. To counter this, manufacturers will offer different starter packages with basic broad-use components that users can switch out later if they feel it necessary.

In addition to the buzz surrounding the LG G5, the company also unveiled its new LG friends line up; complete with audio and camera accessories, it gives the G5 the capability to perform a wide range of tasks, setting the tone for the next generation of premium smartphones.

The G5 aims to make the smartphone a fun experience to the consumer in which they have the power to personally customize the parts of the phone making it flexible.

As the first company to introduce modular technology, LG is in the driving seat in driving innovation of mobile technology. With no doubt this is a stepping stone into a new era of how mobile phones are manufactured.

The company plans on releasing the phone later this year.

Online insurance comparison portal launched in Kenya

Consumers will now be able to shop online and compare insurance products and services from various companies across the region.
This follows the launch of PESABAZAAR.com, a web portal that allows consumers to compare premiums and features of similar insurance products and services at a glance. The portal, whose initial investment is Sh 40 million, will enable customers to freely and conveniently compare and purchase a wide range of insurance products at the click of a button.
Commenting on the new development, the company co-founder Calleb Karegyesa said: “The insurance market in Kenya is highly fragmented and it is difficult for the insured to find the right product that offers the best coverage for the best price.”
He further explained: “We are partnering with leading insurance companies in Kenya to ensure that we offer the widest selection of insurance products in the simplest form so that customers can easily and quickly compare plans using the most significant benefits/cover metrics for each class of insurance”.
So far, PESABAZAAR.com has signed up with 10 of the leading insurance companies in the Kenya. It is continuing to on board more providers and products in general insurance and life insurance.
The insurance products on the PESABAZAAR.com bouquet include Comprehensive Motor Insurance, Third Party Only Motor Insurance, Individual and Medical Insurance, Travel Insurance, Golfers Insurance, Mobile, SME and Corporate Insurance.
On his part, Prashanth Srinivas, one of the co-founders said: “We want to make buying insurance as hassle-free as possible by giving the customer the option to purchase cover instantly.”
“The entire search, comparison and purchase experience has been brought at the convenience of the customer and is available on desktop, tablet and mobile. This, coupled with our experienced customer service team, will ensure timely service delivery to our customers countrywide.”
Despite its low penetration levels, Kenya is one of the largest insurance markets in Africa. There are currently over 40 insurance companies, four re-insurance companies (including Zep Re and Africa Re, which are regional bodies), 200 insurance brokers, 250 service providers and about 4,000 insurance agents.
Currently, the annual growth rate of insurance premiums is pegged at 20 per cent. In 2014, Kenya generated insurance premiums amounting to $1.8 billion, which is the largest in sub-Saharan Africa outside of South Africa. Kenya’s growth in premiums is contrasted with the Africa-wide growth of only 4.2 per cent.

Sidian Bank’s Transformation Journey Unveiled

Sidian Bank’s Transformation Journey Unveiled K-rep bank is now Sidian Bank – a transformation that will enable the financial institution to provide robust financial products and services that will drive the growth of enterprises in Kenya.

The 32-year old bank whose new tagline is “Own Tomorrow” will leverage people, process and technology to deliver its ambitious strategic plan which kicked off last year.

Speaking during a media briefing at its Kilimani Branch, the bank’s Managing Director, Mr. Titus Karanja, said the rebranding is part of the business’ transformation plan that envisions moving the bank from tier 4 to tier 2 in 2019.

“With our rebranding now on course and enhanced capital, Sidian Bank is strongly positioned to deliver robust and innovative financial services to current and future customers, through execution of our growth strategy,” said Titus.

Explaining why the bank picked the name Sidian, Titus said the new name is inspired by the Obsidian rock, which is formed from volcanoes. The rock is one of the first commodities used for barter trade.
Titus noted that the bank has invested in technology and product innovation whose intention is to tailor make financial services packages that respond to the unique needs of each enterprise.

“Our revamped bank has a unique business model as we are not only championing a bank for entrepreneurs but also an institution that is managed by entrepreneurs,” said the CEO. Sidian Bank has developed various products to cater for all entrepreneurs and also aims at revamping its consumer banking division, in order to attract new customers.

The bank has also initiated a massive service improvement exercise geared at enhancing the overall customer experience. In 2015, the bank received a capital injection of Ksh 1.2 billion from Centum Group, which will support its expansion bid. In addition to product revamp and service improvement, the capital injection will support the refurbishment of the branch network and upgrade of the core banking system.

Sidian Bank then known as K-rep, started off as a project in 1984 that supported the development of small and micro enterprises through NGO managed programs. In 1999, it was transformed into a bank and has since grown and currently has 37 branches spread across the country.
Enhancements to accompany the corporate rebranding

The bank has rolled out several enhancements as part of a three-year, Ksh 1 billion
investment plan. These include:
- Network-wide refurbishment of the bank’s branches, including improved space to facilitate personalized, one-on-one banking
- A business centre, where its customers can work from, within the banking hall
- The rollout of connected agency banking outlets. The bank is targeting to put in place 3,000 agency outlets in two years’ time – a move that will increase convenience and functionality for customers
- Investment in Technology – the bank has outsourced various aspects to leading technology providers. A move that will support operational efficiencies. The bank is also exploring viable financial technology based partnerships that will support service enhancement
- A comprehensive, revamped package of financial products and services,
designed to meet a wide range of business and consumers’ financial needs
- Investment in talent pool – the bank is boosting its internal capacity, with a view to attracting and retaining the best talent in the financial services market

NIC Bank partners with Deacons Kenya to offer leasing for gym equipment

NIC Bank Group has partnered with lifestyle retailer Deacons Kenya Limited’s Life itness brand to provide leasing facility for gym equipment for local corporates. The partnership will see NIC Leasing LLP, a full subsidiary of the Group, offer financing to corporate customers looking to invest in gym equipment from LifeFitness.

NIC Bank’s Executive Director, Alan Dodd, noted the leasing subsidiary was launched as a natural evolution for the Bank as it now provided customers with equipment and financing all under one roof. Previously, the bank would link customers with leasing companies and provide the financing.

“This partnership is one of many we are pursuing in the market in a bid to ease the acquisition of equipment for our customers in a financially prudent way.  We are seeing leasing gaining popularity in the market led by the government which has opted to lease vehicles and medical equipment,” said Mr. Dodd during the signing of the partnership at The LifeFitness store in Sarit Centre.

The Group launched NIC Leasing LLP in February 2015, the first for a Kenyan Bank. This fits into the Bank’s long term strategic plan which is anchored on an aggressive growth strategy especially Asset Finance, where NIC Bank is the current market leader.

Leasing allows for corporates to optimise cash flow management by freeing up working capital which can be reinvested.

Deacons Limited Kenya opened its LifeFitness store in April 2010 and has seen growth driven by corporates and individuals move to live healthier lives. 

“We are very excited about the leasing partnership between Deacons and NIC Leasing LLC as it allows us to meet the needs of our wide customer base with high quality LifeFitness equipment through flexible financing terms,” said Deacons Chief Executive Officer Mr. Muchiri Wahome during the launch.

Deacons recently acquired Cybex, a brand that offers a robust line of commercial cardiovascular and strength fitness equipment building on the LifeFitness brand thus offering the global standards and innovative equipment in the market.

“Exercise is now becoming vital especially because of our sedentary lifestyle. At LifeFitness, we recommend our customers to adopt an exercise regimen that best fits into their daily program.”

The partnership offers up to 100% financing in three tiers from as low as $5,637 (Ksh574,974) monthly instalments and upwards including insurance – this covering the main gym equipment, strength and cardio plus accessories depending on the size, type of equipment and budget.  Customers will also get free installation and commissioning with the option to either buy back the equipment, through a third party, or extend the lease terms.

Also present and the signing of the partnership were the Kenya Sevens Rugby team and members of Kenya Rugby Union.