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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

Vivo Energy Uganda awarded for its child helmet safety campaign 

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L-R:  Vivo Energy Uganda Managing Director Gilbert Assi, Vivo Group Chairman Christian Chammas, Vivo Energy Uganda Corporate Communications Manager Valery Okecho, Communications Assistant Hilda Tushabe, Vivo Energy Namibia MD Edward Walugembe and Group Executive Vice President for East & Southern Africa, Hans Paulsen receiving the award.

L-R: Vivo Energy Uganda Managing Director Gilbert Assi, Vivo Group Chairman Christian Chammas, Vivo Energy Uganda Corporate Communications Manager Valery Okecho, Communications Assistant Hilda Tushabe, Vivo Energy Namibia MD Edward Walugembe and Group Executive Vice President for East & Southern Africa, Hans Paulsen receiving the award.

By Our Reporter

Vivo Energy Uganda, the company that distributes and markets Shell branded fuels and lubricants in Uganda, has been awarded Vivo Energy Group’s Reputation Builders Award for its behavioural change campaign titled, ‘Heads Up!’

Vivo Energy’s Reputation Builders Award is awarded to a project or team that has made a significant contribution to improving the reputation of Vivo Energy with external stakeholders.

‘Heads Up!’ was launched in 2019 with an aim of creating awareness about the probable dangers that school children using public motorcycle transportation, commonly referred to as ‘boda bodas’, face during their daily commute to and from school ; mostly without the required safety helmets.

The partnership between Vivo Energy Uganda and Safe Boda Uganda saw both companies donate child helmets to 12 public schools in high traffic areas of Kampala.

School heads distributed and managed their use among their respective pupils that use motorcycle transportation to attend school.

Announcing the award at the Group’s annual Leadership Conference, the Vivo Energy Group Head of Communications, Rob Foyle said, “The annual Vivo Awards are important as they allow us the chance to both celebrate success, and also recognise and reward some of the best work that’s completed all across our company. Congratulations to team Uganda for winning this award.”

Vivo Energy Uganda Managing Director, Gilbert Assi said, “This is a great honour for our company and for our Corporate Communications team, which is in charge of managing Vivo Energy Uganda’s reputation with all stakeholders through socially impactful community initiatives in education, environment and road safety.”

“Creating safe road users also requires that we increase public awareness about their role in enhancing their own safety. We hope that this campaign will continue to inspire the introduction and enforcement of policy to address regulation of safe transportation of children using motorcycle transportation to and from schools,’’ he added.

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Companies

MTN Uganda Rewards the First Winners of new campaign “MoMoPay Trolley Dash”

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By Reporter

MTN Uganda today started its MoMo Pay trolley dash campaign rewarding it’s first three winners each with 1 million worth of goodies at Ntinda based Fraine supermarket. The telecom giant last week announced it will reward 20 customers who are paying for their goods/services using MTN MoMoPay.

Wycliff Bamulanzeki, John Masembe, Ayiko Rogers, Sharon Tumusime, and Florence Amoit were the first winners of the new campaign however only Masembe, Tumusime, and Amoit were present today.

The trio participated in a UGX1 million trolley dash at Fraine Supermarket. Each took turn to shop their interest in a time period of 1 minute with conditions not to break anything or exceed UGX1 million.

On their thoughts of cashless payment, the trio commended MTN for introducing that ease payments. Quote, “this easy, fast and convenient.” For Mr. John Masembe he further stated that nearly 90% of his payments are through MoMoPay.

MoMoPay is a year old since its introduction in Uganda. And so far have over 80,000+ merchants from supermarkets, pharmacies, restaurants, hardware shops, fuel stations, among others registered.

MomoPay is to combat the pain experience by customers while making transactions – especially when it comes to customer’s change. Therefore, the telco through MomoPay is simplifying financial transactions by enabling people transact comfortably and conveniently using their mobile phones.

The Transaction

To be in position to use the MomoPay system, one has to be registered to MTN mobile money. Because you will have to pay for the product/service using mobile money at no extra cost. The customers sends money straight to the merchant’s code and all is done instantly.

Using Point of Sale (POS) systems

In supermarket for instance, you can use MoMoPay on POS. Using the scenario of Shoprite, from the POS machine. One selects option to pay using MomoPay. Inserts their mobile phone number, and confirm payment from the phone using mobile money pin.

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Companies

MTN Uganda launches 5G connectivity, first in East Africa and 3rd in Africa with connection

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By Reporter

MTN Uganda has today taken internet connectivity to another level. With fourth-generation (4G) technology still staggering, the leading telecom company in Uganda has introduced 5G connectivity. At an event today at the offices in Kololo, MTN Uganda demonstrated the first live demo of 5G network in Uganda in an event presided over by Prime Minister Dr. Ruhana Rugunda who represented President Yoweri Museveni fulfilling their earlier promise to commercially roll out 5G in before 2020 ends.“5G will make our life better, drive incremental capacity and open up new businesses. MTN as a company is constantly making efforts to break barriers by democratizing voice and data connectivity in order to improve subscriber experience,” said MTN Uganda’s CEO, Wim Vanhelleputte.

It is also expected that with an adequate spectrum allocated to the 5G standard, the increased capacity would result in lower data cost to Uganda.

MTN is working with South Korean firm ZTE the market leaders in 5G. ZTE is already working with operators to out 5+.

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