ZENKA FINANCE AMONG TOP COMPANIES THAT SCOOPED PACESETTERS AWARDS 2020

Mourine Ojambo,

Digital Lender, Zenka Finance Limited, has been named Pacesetters in Digital Lending in Kenya by Jubilant Stewards of Africa (JSA), a Non-Governmental Organization dedicated to the improvement of living standards, social ethics, dignity and empowerment of communities. JSA named the mobile loan lender in its Industry Leadership Awards dubbed Pacesetters Awards (PSA) Kenya 2020 that targets Small and Medium Enterprises (SMEs).  Several institutions and individuals were awarded in various categories. Other awardees include Quipbank Trust Limited, Blue Nile Rolling Limited, Dr. Mattress, Myspace Properties and Masumali Meghji Insurance Brokers Ltd, Kenya Union of Clinical Officers (KUCO). Individual Categories awardees includes notable names in the media industry such as Pauline Ongaji journalist Daily Nation and Noah Kipkemboi of KTN News.  Nimrod Taabu of Citizen TV and Steven Letoo Citizen TV were also awarded.

“We initiated the Pacesetters Awards to recognize and appreciate key industry players, leading our economy via innovation, quality product and service provision, job creation and leadership. This is not about their balance sheet but due to their various contributions in the industry. This will be the next Oscar Awards for Africa. It is the first award and it has taken us 4 years to plan for it. Most of the awardees we have been studying them for the last 4 years. We will work with likeminded people to help the awardees grow,” said JSA Executive Director Jared Oundo.

JARED OUNDO ZENKA PSA AWARDS 2020

Zenka Finance topped other digital lenders who had applied to be considered for the awards in digital lending pacesetters category.  The other member of Digital Lending Association of Kenya (DLAK) that won an award is Quipbank Trust Limited however they were ranked in equipment renting category.  Quipbank was second runners up in last year’s KPMGs Top 100 awards and Myspace Properties a real estate firm was in the top 15 in the same KPMG Nation Media Survey. Some of the Awardees includes companies incubated onto Nairobi Securities Exchange (NSE) premium incubation and acceleration programme, Ibuka.

PSA AWARDS BLUE NILE 2

In a statement sent to the newsroom Duncun Motanya, Zenka’s CEO said, “a big thank you to our clients and organizers for recognizing our efforts in the digital lending space. We are truly honoured to be recognized as pacesetters in mobile loans. It is an even greater honor to be recognized in such eminent award. We could have not received this award if it wasn’t our millions of customers who have supported us to reach this level. Many thanks our customers, you are the reason we are here.”

The award organizers said that part of the reason Zenka was recognized in this category is because of their various efforts in pushing Central Bank of Kenya (CBK) to enact laws that will protect the sector and spur it to upward trajectory. The lenders boss Duncun Motanya has been in the forefront of pushing for the enactment of the law and progressive regulatory framework that will grow the industry. The lender has been a key activist in digital lenders pursuit for a bill that will protect them. The platform, which was initiated two years ago has in the course of the year challenged the lending market, consistently implementing innovative solutions and improving clients’ experience. They have also been active crusaders against the apps that shame loanees which majorly comprise of the young people.

“I submit that Ethics has played a critical role in becoming a pacesetter. Ethics is also called the moral philosophy, the discipline concerned with what is morally good and bad and morally right and wrong. Ethics is the process of questioning, discovering and defending values, principles and purpose. It’s about finding out who you are and staying true to that in the face of temptations, challenges and uncertainty.  It is increasingly furious and shameful to read about poor ethics year after year, month after month. This ceremony has validated my approach to the need for a Capital Markets Ethics Framework Improvement Initiative in order to deliver to investor expectations,” said FA Amish Gupta, vice Chair of Kenya Association of Stock Brokers & Investments Banks (KASIB).Pacesetters Awards (PSA) survey is a one-year Industry leadership Recognition appraisal initiated by Jubilant Stewards of Africa (JSA), a Non-Governmental Organization, to celebrate industry leaders for their innovation, quality products, services, job creation, exemplary leadership, growing the economy and transforming the society. The survey started on 1st November 2019 and concluded on December 1st 2020.  The winners in various categories were competitively selected through a thorough process that partly involved a public vote and a panel of judges.

QUIPBANK JUBILANT STEWARDS PHILIP NYANDIEKA

“Some of the world’s finest brains we are working with will take organization and individuals that were considered for the awards through training and mentorship programs. This will help them acquire more skills and grow progressively,” added Jared Oundo.

“In adherence to the covid-19 guidelines, we only invited a few awardees, the rest we sent them letters and we will be dropping them trophies, medals and certificates in their respective offices.  We only allowed 50 individuals plus journalists to attend the physical Annual Industry Leadership Awards gala that brought together selected awardees. We are planning to premiere the event on various media platforms after Christmas to allow the awardees who didn’t get the opportunity to attend the physical gala follow up the proceedings,” explained Jared Oundo.

The PSA ceremony, were held at  Ole Sereni Hotel, saw organizations and individuals feted in three categories, including Business, Government agencies recognized for various contributions.

Quipbank Pacesetters Awards

Oundo further says, “these awards seeks to encourage organizations and individuals to go beyond the call of duty in their service to humanity, by not just considering excellence as being top in the industry but looking at the processes involved and how organizations go out of their way to serve humanity. It also purposes to promote best practices and ethics in industry leadership.”

The NGOs Executive Director explains that Pacesetters awards are based on Performance Index (OPI) where processes and systems are scrutinized and benchmarked against global acceptable standards. The winners were competitively chosen through a thorough process, which partly involves a public vote and a panel of judges.

“Pacesetters awards recognizes and celebrates the key players in various categories who have over the years achieved outstanding results and made positive contributions in the industry growth,” said the Executive Director of Jubilant Stewards of Africa.

ABOUT JUBILANT STEWARDS OF AFRICA (JSA)

Jubilant Stewards of Africa (JSA) is a Non-Governmental Organization dedicated to the improvement of living standards, social ethics, dignity and empowerment of communities. JSA is registered with NGO bureau of Kenya to conserve environment, provide access to education, health care services, increase agricultural production and promotion of peace. Over the years, we have been widely involved in leadership training, mentorship programs, Capacity building, business support, environmental advocacy and protection, training of farmers, crusades against drug and substance abuse, promotion of peaceful coexistence, campaign for responsible sexual behavior with the aim of bringing up a responsible and a dependable generation. As an Umbrella of NGOs and other Community Based Organizations, we work with work with strategic partners to serve humanity.

ABOUT PACESETTERS AWARDS

Pacesetters Awards (PSA) survey is a one-year Industry leadership Recognition appraisal initiated by Jubilant Stewards of Africa (JSA), a Non-Governmental Organization, to celebrate industry leaders for their innovation, quality products, services, job creation, exemplary leadership, growing the economy and transforming the society. The survey started on 1st November 2019 and concluded on December 1st 2020.  The winners in various categories were competitively selected through a thorough process that partly involved a public vote and a panel of judges.

 

PSA seeks to encourage organizations and individuals to go beyond the call of duty in their service to humanity. PSA awards doesn’t just look at excellence as being top in the industry but looks at the processes involved and how organizations go out of their way to serve humanity. It also purposes to promote best practices and ethics in industry leadership. The awards are based on Performance Index (OPI) where processes and systems are scrutinized and benchmarked against global acceptable standards. Pacesetters Awards recognize and celebrate the key players in various categories who have over the years achieved outstanding results and made positive contributions in their industry growth.

For further updates and details, please contact,

Chris Oyier,

Jubilant Stewards of Africa,

Corporate Affairs and Communications,

Department

Cell: +254 711 325588/ +254 (0)719408244

Email:  admin@jubilantstewards.org

Web Admin

Web Admin

Jubilant Stewards of Africa is the best online outlet for reliable African news and in depth analysis of developments in business, finance, markets, politics, culture, science and technology. Apart from being news breaker Jubilant Stewards of Africa is a training, research, PR and consultancy firm whose main focus is to help companies, governments and non-profits achieve competitive advantage through smart strategic alignment. Our three arms work in a collaborative effort to seek insight into the emerging trends of success and impart that acquired knowledge to our clients. For more information call us via +254719408244 or email editor@jubilantstewards.com

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