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Digital Inclusion, Financial Inclusion and Cybersecurity: Digital Impact Awards Africa Categories

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Digital impact

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Digital Impact Awards Africa (DIAA) 2015 project is underway with the theme “Maximising the Digital Dividend”. DIAA focus is on digital inclusion, financial inclusion and cybersecurity for which 14 awards categories and 14 subcategories have been set.

DIAA 2015 follows the inaugural project where Prof. Emmanuel Tumusiime-Mutebile, Governor, Bank of Uganda, represented by Mr. Richard Mayebo delivered a keynote address on “Regulatory Challenges in the use of ICTs to promote Financial Inclusion”.

DIAA Awards include:

  • Digital Financial Services-specific Awards: We have introduced three Awards i.e. Best Digital Payments/Transfers Services, Best Online/Mobile Banking Service and Best Mobile Money Service.
  • Digital Inclusion Awards: We have introduced 10 Awards covering websites, mobile apps, social media, e-commerce and e-services.
  • “Best Cybersecurity Practice” Award – This Award encourages organisations to treat cybersecurity as a business necessity.

Financial Inclusion:

Digital Financial Services

  1. Best Payments/Transfers Service
  2. Best Online/Mobile Banking Service
  3. Best Mobile Money Service

Digital Inclusion:

Social Media

  1. Best Government Agency on Social Media
  2. Best Corporate Brand on Social Media

E-Service and  E-Commerce

  1. Best E-Commerce (Classifieds/Marketplace)
  2. Best E-Commerce (Store/Service)
  3. Best E-Service
  • E-Government/M-Government
  • E-Health/ M-Health
  • E-Education/ M-Education
  • E-Agriculture/ M-Agriculture

Mobile App

  1. Best Mobile App

Digital Marketing  and Customer Services

10. Best Digital Marketing Campaign

  • Corporate Digital Marketing Campaign
  • Government Agency Digital Marketing Campaign
  • NGO Digital Marketing Campaign

11. Best Digital Customer Service

  • Corporate Digital Customer Service
  • Government Agency Digital Customer Service

Corporate Website

12.Best Corporate Website

  • Corporate Website Functionality
  • New Corporate Website Re-Design/Re-Launch
  • Mobile Usability for Corporate Website

Cybersecurity

Cybersecurity

13. Best Cybersecurity Practice

  • Cybersecurity Practice by Private Organization
  • Cybersecurity Practice by Public Organization

Overall

Digital Brand of the Year 

14.Digital Brand of the Year

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Local Business

United Bank for Africa embarks on campaign to curb poor reading culture in Uganda

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UBA Head Retail Banking, Paul Luyima hands over literature books to students of Fort Portal Secondary School.

UBA Head Retail Banking, Paul Luyima hands over literature books to students of Fort Portal Secondary School.

By Our Reporter

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In a bid to curb the poor reading culture plaguing the youth in Uganda, United Bank for Africa(UBA) has embarked on a project dubbed read ‘Read Africa’ to equip students with literature.

On Friday last week, the UBA Fort Portal team led by the Head of Retail Banking, Paul Luyima donated 100 books to students of Fort Portal Secondary School, in Kabarole district. The title of the book donated was the famous ‘Things Fall Apart’, written by Chinua Achebe.

While addressing the students, Mr. Luyima advised, ‘The more we read, the more we acquire new knowledge, the quicker we get at solving complex problems, the better we understand each other, the more confident we get because we will be able to firmly engage in dialogue. You should never tire of reading, it only makes you a better person.’

The Read Africa project was initiated in 2011 by UBA Foundation, the arm of the bank charged with Corporate Social Responsibility(CSR). Read Africa has been rolled out across Africa with the goal of rekindling the dwindling reading culture amongst African youths.

UBA plans to donate books to schools across Uganda in all towns of operation. This week, Read Africa will be live in Mbale town.

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BigEye Money

Qalaa Holdings reports revenue growth of 39%

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Qalaa Holdings Founder and Chairman Dr Ahmed Heikal

Qalaa Holdings Founder and Chairman Dr Ahmed Heikal

Qalaa Holdings, a leader in energy and infrastructure (CCAP.CA on the Egyptian Exchange, formerly Citadel Capital), has released its consolidated financial results for the second quarter ended 30 June 2018, reporting EBITDA growth of 52% y-o-y to $ 15.3 million on revenues of $ 172.9 million up 39% y-o-y. Strong growth came on the back of a solid performance by the Group’s energy division coupled with the consolidation of National Printing, which began during the first quarter of 2018. The Group recorded a net profit of $ 27.2 million in 2Q18, largely driven by non-cash gains of $ 72.5 million delivered through restructuring efforts. On a six month basis, Qalaa’s net profit came in at $16.8 million on revenues of $ 347.7 million in 1H18, up 43% y-o-y.

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“I am very pleased with our company’s performance in the second quarter and first half of 2018,” said Qalaa Holdings Chairman and Founder Ahmed Heikal. “Our core energy and infrastructure subsidiaries continue to deliver operational growth as they capitalize on favorable market dynamics. Strong revenue growth saw Qalaa report a solid 52% increase in its EBITDA for 2Q18, with bottom-line profitability buoyed as gains from restructuring efforts offset interest expenses carried at the holding and subsidiary levels.”

In 2Q18, Qalaa recorded, $51.3 million non-cash gain from the deconsolidation of the operational liabilities (net of FX reserve & minority interest) under Africa Railways. This, however, is only a partial deconsolidation as Qalaa expects a second one-off non-cash gain of c. $ 139.5 million (related to the debt portion of Africa Railways) during the coming months once a sale or liquidation takes place.

Additionally, Qalaa booked a gain of $19.2 million at the holding level in 2Q18 related to acquisition and restructuring activities. The gain was primarily generated from a differential between National Printing’s consolidated book value and its fair market value as determined by an independent financial advisor, as well as the purchase of a loan from one of Qalaa’s subsidiaries which was settled directly with the bank at a discount.

“Our results in the second quarter reflect our ongoing efforts to streamline and optimize our portfolio with the company beginning to harvest the merits of its strategy,” said Hisham El-Khazindar, Qalaa Holding’s Co-Founder and Managing Director. “Our decision to bring National Printing into the fold is already seeing it make significant top- and bottom-line contributions, while efforts to clean-up our portfolio and shed discontinued operations has paid off as the account reports almost zero losses in 2Q18.”

“Meanwhile, as previously communicated we have booked an expected non-cash gain on the partial deconsolidation of Africa Railways nearing $ 55.8 million. We are actively exploring avenues to sell or liquidate the company and trigger the complete deconsolidation of its debt obligation which should result in a further gain of c. $ 139.6 million in the coming months. Together said gains will help offset the effect of a related impairment of $ 178.7 million booked in FY17, and consequently strengthen our financial position as we head into the next growth phase for Qalaa,” El-Khazindar added.

“As we bring our company closer to the cusp of sustainable operational profitability, we are actively gearing up for the next growth phase across our subsidiaries. At TAQA Arabia, we have earmarked c.$ 446.7 million in investments over the coming three years that will see us accelerate the company’s distribution reach with more filling stations, diversify into renewable energy with our pilot solar project in Benban and expand our exposure to conventional energy through investments in coal-fired power plants. Qalaa is also looking to increase its ownership in the Egyptian Refining Company’s transformative project which is now 98% complete with start of commissioning by end of 2018. Meanwhile, new capacities for RDF production at Tawazon have already been procured and commissioning is expected by 2019. Said investments alongside similar ventures in our mining and logistics platforms will see Qalaa continue to deliver on this growth momentum and cement its position as an African leader in energy and infrastructure,” Heikal concluded.

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Local Business

StarTimes moves to empower youth at SOS Villages

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 Olive Lumonya (L) exchanges MOU with Andy Wang (M) as StarTimes PRO Christine Nagujja looks on.

Olive Lumonya (L) exchanges MOU with Andy Wang (M) as StarTimes PRO Christine Nagujja looks on.

By Our Reporter

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StarTimes has moved to empower youth at the SOS Children’s Village. The pay TV company on Wednesday signed a memorandum of understanding with SOS during an event held at the NGO’s national office in Entebbe.

The three-year partnership will see SOS children get internship and job placement for qualified youths from the village, provide digital television and equipment for learning to the SOS villages so that the children can go e-learning and match with the competitive job market. In addition, StarTimes will use its platform to spearhead a campaign to encourage Ugandans to offer support to children’s homes.

Speaking at the event, the CEO of StarTimes Andy Wang said that this partnership is one of the few ways they can give back to Ugandans for the great support they have showed StarTimes in the past 8 years that has turned them into the largest market share holder.

“We believe this partnership will help the youth reach their full potential and contribute positively towards the development of this country,” Andy Wang also noted.

Ms Olive Lumonya, the Country Director SOS Children’s Villages expressed gratitude towards the partnership noting that with this support will go a long way in providing a more comfortable environment for the children.

“With the biggest population at the SOS Children’s Villages being youth, we have been grappling with youth unemployment among other challenges. We are grateful that StarTimes has come on board to help us deal with this.” She said.

“It is a great honor to partner with StarTimes which has committed to support us as we strive to create a comfortable home for our kids.”

SOS Children’s Village have branches in Kakiri, Entebbe, Gulu and Fort portal where they cater for 680 children. They also support over 10,000 more children with in the community.

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