Connect with us

Leader board

Local Business

Absa showcases Ugandan coffee at World Economic Forum

Published

on

Absa Africa Group Limited Chief Executive Mario Ramos with President Ramaphosa at the Absa Pop in venue in Davos.

Absa Africa Group Limited Chief Executive Mario Ramos with President Ramaphosa at the Absa Pop-up venue in Davos.

By Our Reporter

For the 48th Annual Meeting of the World Economic Forum (WEF) that was held in Davos, Switzerland between 22-25 January, Absa partnered with Endiro Coffee, one of the premier coffee brands in Uganda and a client of the bank to sample participants to Ugandan coffee.

Absa set up a pop-up venue in Davos at which a selection of entrepreneurs from key African markets such as Kenya, South Africa, Uganda and Ghana were invited to showcase some of the continent’s finest products.

“The presence of these businesses at this forum tells a rich story of Africa’s potential as an economic hub to the rest of the world. Our clients are the core of our business and we are glad to have partnered with them to showcase their products to the business community that is gathered here,” said Maria Ramos, Absa Chief Executive.

According to the Uganda Bureau of Statistics, Uganda’s exports consist of mainly agricultural commodities with coffee accounting for 20% of total export earnings which stood at USD3.4 million in 2017/18.

In addition, Absa in partnership with the Official Monetary and Financial Institutions Forum (OMFIF), introduced the Absa Africa Financial Markets Index at a breakfast meeting held in Davos attended by world leaders, policy makers and the business community. The index is a premier indicator of the attractiveness of Africa’s financial markets, for use by governments, investors and asset managers around the world.

The Index does not only help investors understand where to invest and what risks they have to manage; it also helps each country to better understand areas where they need to improve to attract foreign direct investment.

“The development of well regulated, deep and liquid financial markets is a key priority that should be at the top of Africa’s development agenda. The Index facilitates a meaningful debate about the maturity and accessibility of Africa’s financial markets. It is an important contribution that supports policy-makers, investors, regulators and other market participants to identify the areas and initiatives which will drive the most significant improvements,” Absa Chief Executive Maria Ramos remarked.

The Index has become the benchmark used by the ranked countries to self-reflect on the state of their financial markets and what developmental actions they need to take. In the past year, Botswana, Kenya and Nigeria have moved up the Absa Africa Financial Markets Index, and South Africa remains in top position, supported by strong financial market infrastructure and a robust legal framework.

This year’s edition extends coverage to three additional countries – Angola, Cameroon and Senegal – and pays special attention to policies for enhancing market growth, including financial inclusion and investor education. Countries are progressing with policies that support the development of financial markets across the continent. South Africa’s ‘twin peaks’ strategy for improving financial regulation and Mozambique’s ‘financial sector development strategy’ stand out among the frameworks introduced over the past year. Such initiatives have boosted performance for the index as a whole.

(Visited 1 time, 1 visit today)
Continue Reading

Local Business

Jubilee Insurance unveils club for mothers

Published

on

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.

(Visited 1 time, 1 visit today)
Continue Reading

Companies

MultiChoice Uganda premieres two short films

Published

on

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.”

(Visited 1 time, 1 visit today)
Continue Reading

Local Business

Ugandan cosmetic line, Minama launches new skin care product

Published

on

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.



(Visited 1 time, 1 visit today)
Continue Reading

Facebook

HOT RIGHT NOW