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Absa Group Limited announces new Group Chief Executive

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Aaron Daniel Mminele, the Group Chief Executive of Absa Group

Aaron Daniel Mminele, the new Group Chief Executive of Absa Group.

By Our Reporter

Absa Group Limited (AGL) has appointed Aaron Daniel Mminele as Group Chief Executive of Absa Group, effective from 15 January 2020. Mminele will be taking over from René van Wyk, who has been leading the bank on an interim basis since Maria Ramos’ retirement in February 2019.

“We are delighted to welcome Daniel to the Absa family. He brings with him a deep understanding of the financial services industry both in South Africa and abroad,” said Wendy Lucas-Bull, Chairman of the Absa Group Board. “His unique skills set and global perspective make him a suitable leader to drive our bank’s focus on long-term growth that is digitally-led across our markets.”

Mminele spent more than 20 years at the South African Reserve Bank (SARB), where he rose through the ranks to be a Deputy Governor and a member of key committees such as the Monetary Policy Committee and Financial Stability Committee. His other main responsibilities at the SARB included financial markets and international economic relations and policy.

He has represented South Africa in a number of international forums such as the G20, BRICS and the International Monetary Fund. He was also a regular participant in National Treasury’s international investor roadshows to promote South Africa.

“I am delighted to be joining the Absa group. I look forward to being part of and leading the exciting journey that Absa has embarked upon to fully establish itself as an African financial services group with deep roots across the continent and a global reach.” He said.

Before joining the SARB, Mminele worked as a banker. After completing a Diploma in Banking at Sparkasse Paderborn in Germany in 1987, he spent eight years in various roles at the Westdeutsche Landesbank Girozentrale, at its Düsseldorf and London offices. He continued his studies while in the UK and obtained various certificates from the UK’s Chartered Institute of Bankers.

He came back to South Africa in 1995, then spent about two years each at Commerzbank, working as a customer relations manager in corporate banking, and at African Merchant Bank, as a project and structured finance specialist, in Johannesburg.

“We are thankful to René for the job that he has done, especially overseeing the progress we made in our separation from Barclays PLC and the key milestones we achieved in 2019,” she Lucas-Bull.

Van Wyk will step down as Chief Executive on 14 January 2020, but remain with the Group as an executive director for handover purposes until 31 January 2020. He will rejoin Absa Group and Absa Bank’s boards as a non-executive director, following a six-month cooling-off period.

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Live luxuriously in and around town on budget at fully furnished Eric Wilkins Apartments, open to public now

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By Reporter

Eric Wilkins apartments are a new home away from your home and are now open. The new apartments are located in different parts in and around Kampala. Eric Wilkins apartments first have been made affordable considering it will be a place everyone would love to spend, a day, week, month or even make home. They have been confirmed for tranquility and conducive ambiance around the city. The 2 bedroom lavish apartments are fully furnished and are available for short and long stay.

The website has learnt the apartments have availed packages for clients who can stay a day, week, month and even a year. They are located in Nyanama-Bunamwaya, Najeera and Entebbe.

Eric Wilkins apartments have 2 bedrooms, a modern fully equipped kitchen, Luxurious furniture, Spacious living and dining space, Gazebo with outdoor comfy furniture and family lounging shelter, Ample parking space, 24 CCTV surveillance and guaranteed security, Solar powered lights, Well equipped laundry area.

The new apartments are suitable for Couple getaways, Honeymooners, Retreat away from home, Business travelers, Expatriates and much more.

To book, go to www.ericwilkinsapartments.com or ericwilkinsapartments.co.uk or Contact Dauda Ashiraf on +256 785 61 52 65 / +256 702 61 52 65

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Local Business

FRESH DAIRY KICKS OFF NEW YEAR WITH MEGA GOODIES HANDS OVER

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By Staff Writer

Fresh Dairy has today rewarded the final batch of winners for its Fresh Dairy Recipes challenge with an assortment of goodies to include Fresh Dairy flavoured yoghurt, Brookside fruit yoghurt, Long life UHT milk and flavoured milk.

The final six winners included Martha Kose, Mozes Bibangamba, Lewis Deshan, Mo Ni Que, Maisha and Bree Amollo who received their goodies at the Fresh Dairy offices.

The Fresh Dairy Recipes challenge which was run by My Food Network, a Facebook foodie platform for over a month now, climaxed during the festive season with an aim of showcasing authentic recipes by actual people in Uganda that incorporated Fresh Dairy products in cooking to include butter, ghee, plain yoghurt, fresh milk, fresh cream and Brookside fruit yoghurt.

Marketing Manager, Brookside Limited – Vincent Omoth said, ‘At Fresh Dairy we produce healthy and nutritious products that are ideal nutrition boosters for the whole family. Running this Fresh Dairy Recipes challenge during the 2019 festive season encouraged people to creatively cook while developing healthy recipes for the whole family using Fresh Dairy products to make pastries, barbecues and roasts, stir fried rice and chicken, smoothies and meal accompaniments among others.’

Omoth further noted that all winners were rewarded for not simply downloading internet images, but actually preparing healthy and nutritious meals for their families using Fresh Dairy products.

Omoth thanked all participants for taking part in the challenge and noted that Fresh Dairy will continue coming up with exciting promotions to encourage people to adopt healthy and nutritious lifestyles.

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Local Business

Shell customers win big in 10 weeks of Cheer promotion

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By Our Reporter

Over 2,000 customers have so far been rewarded with fuel worth over UGX 80 million in the ongoing 10 weeks of Cheer promotion by Vivo Energy Uganda, the company that distributes and markets Shell branded fuels and lubricants in Uganda.

The national promotion which is targeted at all motorists including boda riders, taxi drivers, private motorists and truck drivers was announced in December to reward customers for their loyalty during the festive season.

“For the past 3 weeks, we have been running daily draws at participating Shell stations generating over 2,000 winners who have received various prizes which include fuel worth UGX50,000 for general motorists, UGX15,000 for riders and household groceries. Weekly jackpot winners have received UGX500,000 worth of fuel for general motorists and UGX50,000 for riders,” said Mark Mutungi, the Fuels Brand Manager at Vivo Energy Uganda.

For every UGX 50,000 spent on Shell fuels, lubricants or shop services, customers receive a draw entry coupon at any of the participating Shell service stations.

Thereafter, customers are required to scratch their draw entry coupon to reveal a unique code and SMS both the code and their vehicle registration plate number to 8008 for a chance to win.

Through weekly draws, 10 lucky jackpot winners walk away with UGX 500,000 worth of fuel each.

Marvin Genza, a customer who purchased fuel worth UGX50,000 could not believe his luck upon receiving the UGX500,000 fuel jackpot prize. “This is a great start to the year and I thank Shell for this prize that will sustain me through the rough January blues. I encourage all customers to participate and win.”

“The promotion is ongoing and will run until 16 February with activations spread countrywide at 105 Shell stations. I encourage our customers to participate to stand a chance to win over UGX500 million worth of prizes left,” Mutungi added.

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