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260 Ugandan entrepreneurs to receive USD 5000 in seed capital from Tony Elumelu Foundation

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The Prime Minister Hon. Ruhakana Rugunda meeting some of the Ugandan Entrepreneurs at the forum and the UBA Uganda team.

By Our Reporter

At the recently concluded 5th edition of the Tony Elumelu Foundation (TEF) Entrepreneurship Forum, five African Presidents and thousands of young African entrepreneurs converged at the most influential gathering in the African entrepreneurship ecosystem. Job creation and youth empowerment were the key themes tackled at the Forum.

The Tony Elumelu Foundation, which has been at the forefront of advocating for entrepreneurship as the catalyst for the economic transformation of Africa, convened the 2-day Forum on the 26th and 27th of July at the Transcorp Hilton Hotel, Abuja, Nigeria’s seat of government. The event convened over 5,000 participants from 54 African countries, including representatives of the 7,521 beneficiaries of the Tony Elumelu Foundation Entrepreneurship Programme.

More than 60 global speakers from the public and private sectors across 3 continents participated in interactive masterclasses, plenary sessions and debates geared towards generating ideas and defining concrete steps Africa must take to empower its youth and accelerate the continent’s development. Guests interacted directly with young budding entrepreneurs from across the 20 African UBA-present countries who exhibited their innovative products and solutions at the UBA Marketplace, powered by Africa’s global bank, United Bank for Africa (UBA).

Moderated by American journalist and host of CNN’s show, Fareed Zakaria GPS, the Presidential Debates, which formed the highlight of the two-day event, focused on charting the way forward towards the eradication of poverty in Africa through job creation. The public sector leaders on the panel include H.E. Paul Kagame, President, Republic of Rwanda; H.E. Macky Sall, President, Republic of Senegal; H.E. Félix Tshisekedi, President, the Democratic Republic of Congo (DRC); H.E. (Prof.) Yemi Osinbajo (SAN), Vice President, Federal Republic of Nigeria; and Hon (Dr.) Ruhakana Rugunda, Prime Minister, Republic of Uganda, representing the President of Uganda, H.E. Yoweri Museveni.

Hon. Rugunda in his panel discussion commended the program saying ‘we have tended to look at our colonial masters in terms of business, education and languages, therefore I salute this program which I believe will change the mindset this mind set of Africans. It promotes Pan –Africanism and will help consolidate unity in Africa and take advantage of the free trade areas that has been established by our leaders,’

The Prime Minister held a meeting with seven young Uganda entrepreneurs who attended the forum and a UBA Uganda team, led by the CEO/ MD Johnson Agoreyo. He commended them for the great ideas they had formulated and pledged government’s continued support to such innovative ideas, saying they will be the ones to liberate Africa from Poverty.

Ugandan entrepreneurs have been the highest beneficiaries of the program after Nigeria. This year, 260 entrepreneurs from Uganda were selected to receive the seed capital of USD 5000. Since the program began 329 applicants have received funding from the foundation.

At the Forum, Tony O. Elumelu, (CON), Founder of the Tony Elumelu reiterated the urgency in creating jobs on the continent to catalyze Africa’s development.

He said: “Extremism is a product of poverty and joblessness. Poverty anywhere is a threat to everyone everywhere,” he said. “If our leaders understand the reason and rationale for our youths to succeed, they will do everything they can to support them.”

Elumelu also reiterated the role of technology as a key enabler in accelerating development, citing TEFConnect, the digital networking platform for African entrepreneurs launched by the Tony Elumelu Foundation in 2018. With over 500,000 registered users, the hub provides a platform for entrepreneurs to network and forge business partnerships regardless of their location.

Giving the keynote speech, Vice President of Nigeria, H.E. (Prof.) Yemi Osinbajo commented on the impact of the Tony Elumelu Foundation: “By birthing this particular intervention, Tony Elumelu has compelled us to focus on what really matters, our youth and their dreams. The message to Africa’s emerging business giants is a clear one: How and what can you contribute, like Tony Elumelu, to empowering the next generation, helping them to realize their own dreams?”

The forum ended with a tour of the UBA Marketplace, where entrepreneurs across the continent exhibited their products, as a pitching competition saw the winner walk away with a $5,000 grant from the United Bank for Africa (UBA). Uganda was represented by Peter Lubega Elimu, an artist and fashion designer, who exhibited art pieces and clothing he had designed.

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Local Business

Jubilee Insurance unveils club for mothers

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Mr Deepak Pandey, the CEO Jubilee Insurance addresses guests during the Jubilee Mum’s Club launch held at the Kampala Serena hotel on Tuesday.

Mr Deepak Pandey, the CEO Jubilee Insurance addresses guests during the Jubilee Mum’s Club launch held at the Kampala Serena hotel on Tuesday.

By Our Reporter

Jubilee Insurance has unveiled a platform where all mothers; aspiring, new and active can freely share about their maternal moments at all extremes of the motherhood journey, from the hurdles to the treasures.

Dubbed the “Jubilee Mum’s Club”, it is expected to bridge the information gap by providing expert information for expectant mothers as it opens up the floor for mothers to engage with doctors, midwives, gynecologists, pediatricians, fitness experts, and various specialists on all topics concerning pregnancy and puerperium, care of the family, parenthood, and the mother’s general health and care, through articles, social media platforms and monthly gatherings for the mothers.

During the launch, the Jubilee Insurance CEO. Mr Deepak Pandey addressed the mothers, doctors and various specialists saying, “Motherhood is a beautiful journey that all women are privileged to walk. And so, to emphasize how precious this journey is, Jubilee Insurance is making sure mothers lack for nothing as they prepare for their little ones. There is no need to take this journey alone, we will hold your hand to the finish line with an extra set of hands.”

“The Jubilee Mum’s Club is part is driven by what’s at the core of our hearts as Jubilee Insurance; Customer satisfaction and well-being to combat maternal mortality and morbidity. For mothers under Jubilee, a 360-care package covering Ultrasound scans, pregnancy tests, blood tests, baby monitoring kits, doctor/midwife consultations and follow-up, training sessions, and a variety of vendors with the best mother-child care products await.” Mr Deepak Pandey added.

Jubilee is partnering with Surgipharm Uganda Ltd, Indulge Maternity Spa and Gym, Lato Milk, Mukwano Industries Uganda, Madrasa Early Childhood Development and Mickey kids collection to provide quality services to the mothers in the club.

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MultiChoice Uganda premieres two short films

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By Staff Writer

Multi choice Uganda last week on Friday premiered two short films.  The two films, “Promise” and “Ensulo” were premiered at the multi choice head offices in Kololo. Each of the one hour films were created in Kenya and will be showing on DSTV, Pearl Magic channel 161.

According to Joan Semanda, PR and communications MultiChoice said the premier of the two short films were in line with both DSTV and GO TV showing support for the Uganda film industry. “WE also encourage young students with passion in film making as either film directors or actors to pursue career as we are here to support them.”

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Local Business

Ugandan cosmetic line, Minama launches new skin care product

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By Our Reporter

Ugandan beauty and cosmetics brand, Minama has released a new skin care product on the market.

The brand’s C.E.O Afsana Pey S.K has announced the release of its Minama skin oil, which goes on the market today, in Uganda and across the continent.

“Minama skin glow oil has really helped many of our clients and myself, particularly for ailments like Acne, blemishes, black spots, scars etc. It also clears your skin and leaves it glowing with that beautiful shine,” she explains.

When asked what was her motivation for setting up the skin care line, Afsana explains that she suffered with skin issues for a long time, and being as there weren’t many solutions available on the market, she decided to start up her own skin care line, whose many other products include lotions, soaps, creams and other cosmetics.

“I know first-hand how bad skin can affect you, especially your confidence, so I started the line to help others and myself. We have more products launching in December, and we can’t wait for all our clients, old and new to get their hands on this skin oil,” she concludes.



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