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African leaders challenged to prioritise future of the continent

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UBA Group Chairman and Founder Tony Elumelu delivers key note  address on The Leadership Needed to Catalyse Africa’s Transformation at the 2019 Africa Now Summit.

UBA Group Chairman and Founder Tony Elumelu delivers key note address on The Leadership Needed to Catalyse Africa’s Transformation at the 2019 Africa Now Summit.

By Our Reporter

At the inaugural Africa Now Conference held in Kampala, Tony Elumelu, Founder of the Tony Elumelu Foundation and Chairman, Heirs Holdings and the United Bank for Africa, challenged African leaders to prioritise the future of the African continent.

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Giving the keynote address, entitled “The Leadership Needed to Catalyse Africa’s Transformation”, to an audience of public and private sector leaders on Tuesday, March 12 and introduced as Africa’s leading proponent of entrepreneurship, Elumelu offered a robust and direct message to African leaders from the public and private sectors.

“The leaders we need in Africa today, are leaders who genuinely care about humanity. We need leaders who are driven by an ambition to leave society better than they met it. We need leaders who understand and care about creating a positive legacy. We need leaders who are genuinely committed and care about the future of Africa,” Elumelu said.

Hosted by the President of Uganda, HE Yoweri Kaguta Museveni, the Africa Now Conference, an initiative of the Africa Strategic Leadership Centre, gathered Heads of State, public and private sector leaders to discuss and develop growth opportunities for the continent.

In his speech, President Museveni outlined key enablers required to empower the African people and transform the continent. “With independence, although a lot of time was lost with military governments engaged in primitive fascism, nevertheless, many African governments have correctly identified two crucial stimuli that can catalyse social transformation. These are education and health for all (human resource development) and private sector-led growth”.

Commending President Museveni on the achievements of his country, Elumelu also emphasised the need for public-private sector collaboration to drive sustainable development, encapsulated in his economic philosophy, Africapitalism.

“Leadership should not be about directing blame, leadership is not about absolving responsibility. Leadership is the catalyst for positive change. We need to take collective responsibility for our own future – as I have often said, no one is going to do it but ourselves – whether we are in the public or private sectors. This is the philosophy of Africapitalism, which is a call on the private sector to play its role, the leading role in securing our continent’s destiny – and achieving it by creating both social and economic wealth.”

“We have a role to play and we need to play this role by investing and managing, so we can create employment, create prosperity in a manner that will help to address many of the problems we have in the society today,” he added.

Speaking on the concept of shared prosperity, Elumelu stated that the Tony Elumelu Foundation’s Entrepreneurship Programme was a robust mechanism to empower Africa’s entrepreneurs, with the goal of delivering efficiently and effectively wealth creation directly into local communities. Reiterating the importance of entrepreneurship in unleashing the continent’s true potential, Elumelu concluded by making a call to partners, charging private sector leaders to focus on inclusive wealth.

“As private sector leaders, we realise that, if the wealth we have is not inclusive, if the prosperity we have is just for family and self, it will not help us create the society we need,” he concluded.

The Tony Elumelu foundation has funded over 300 entrepreneurs in Ugandans since inception. The entrepreneurs each received USD 5000 as seed capital for their businesses and continue to be supported by United Bank for Africa(UBA). UBA offers banking service across Uganda though diverse channels including ATMs, point of sale machines, Mobile banking, internet banking and agent banking.

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Local Business

Liaison Umbrella Fund Launches in Uganda

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R-L: URBRA CEO Martin Nsubuga, Liaison Director Isaac Ampeire, Liaison head of pension Patricia Akot, Group managing Director Tom Mulwa and Liason Group chairman Wachira Mahihu at the launch of the Liaison Umbrella fund.

R-L: URBRA CEO Martin Nsubuga, Liaison Director Isaac Ampeire, Liaison head of pension Patricia Akot, Group managing Director Tom Mulwa and Liason Group chairman Wachira Mahihu at the launch of the Liaison Umbrella fund.

By Our Reporter

Liaison Financial Services Limited (Liaison), a leading independent provider of retirement benefits schemes administration and consultancy services has today launched the Liaison Umbrella Fund to Ugandans looking for an effective retirement plan.

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The Fund which is managed by a top of the range technical team is regulated by Uganda Retirement Benefits Regulatory Authority and is compliant with Capital Markets Authority, Bank of Uganda and Uganda Revenue Authority.

Liaison is a pioneer in scheme administration services to pension schemes, provident funds, defined benefits schemes, defined contribution schemes, hybrid schemes and investment trusts.

“We are committed to being the preferred and leading risk, insurance, pension and investment consultants in Africa. Over the years, we have deepened our presence and service in Uganda. Liaison stands as the oldest pension scheme administrator in the market, having been present in Uganda since 1997,” said Isaac Ampeire, Director at Liaison Financial Services Limited.

According to Patricia Akot, the sole objective of the Liaison Umbrella Fund was to customize and personalize individual retirement solutions, with the goal of retirement planning to achieve individual financial independence. The Fund takes care of the individual’s retirement planning under the supervision of a skilled, passionate and professional team.

“Our aim is to ensure that individuals focus on their core business, and look forward to retirement with the knowledge that their money is safe and working for them,” added Akot.

Under the Liaison Umbrella Fund, members are paid their full benefits plus a bonus interest payment in the following year, all clients’ savings are protected from all creditors and the members have full control of retirement planning through the option of making additional voluntary contributions targeted towards a member’s retirement goals.

The Fund also harnesses the power of technology to deliver services at the convenience of the client at any given time through the Fund’s versatile online platform, SMS network and the banking system which allows benefits to be paid within a week. Lastly, all generated solutions are local and are tailored to the individual clients’ needs.

“Liaison Umbrella Fund is a testimony of our Live today love tomorrow philosophy and we take pride in the choice we present to the market. We also take pride in the contribution we bring to the Uganda economy. We are inspiring a saving culture in Uganda and the knock-on effect to economic development is invaluable.” Isaac concluded.

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KCB Group rolls out campaign to drive gender parity in financial sector

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By Our Reporter

KCB Group PLC, East Africa’s largest financial institution by assets is keen to deepen its focus towards the women agenda in the coming years for a gender balanced world.

The Bank has placed prominence in driving initiatives around gender parity and inclusion, in line with its sustainability agenda which is anchored on building a responsible business for the future.

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On Friday, to mark the International Women’s Day, KCB rolled out a campaign as a statement that amplifies the Group’s commitment towards gender inclusion.

The highlight of the campaign— themed Hear her Roar—has seen the Bank temporarily refresh its corporate logo from a Lion to a Lioness, marking a significant turning point in the advocacy for more gender inclusion in the region’s financial services sector. The campaign, is running across KCB regional network in Kenya, Tanzania, South Sudan, Uganda, Rwanda and Burundi.

“We have been deliberate in our operations to ensure that we push for gender parity at all levels within the institution. We are alive to the importance and benefits of a gender balanced world where we have equal opportunities in the working environment” said the KCB Group CEO and MD Joshua Oigara.

“We are taking a bold and sincere step using our brand asset; to reiterate our promise for the advancement of gender equality and the empowerment
of women particularly through financial inclusion solutions and equal opportunities at the corporate and commercial touch points. Through the campaign,” said Mr Oigara.

Through the lender’s Sustainability Agenda and specifically on the Talent management and Diversity action point, KCB has continued to measure progress and adopt initiatives under the Women in Leadership Network (WILN), an internal KCB Group initiative meant to grow women leaders.

The WILN programme so far reached 550 women staff who have gone through a two year programme of self-awareness, mentorship, coaching and leadership skills. In the year 2018, KCB staff complement in terms of gender balance stood at 50:50, a milestone achieved ahead of its 2020 target. Through this programme, over 100 women have been promoted in 2017 and 2018.

In addition, KCB has various initiatives in the business to support women entrepreneurs, credit facilities to women and persons with disability under the KCB Foundation in an effort to build a more inclusive society in our business.

The Women in Business Programme has attracted 1,439 women for capacity building and the Bank extended business support worth Kshs 5.16 billion to this category in 2018. Under community initiatives, the KCB Foundation supported 164 children and youth under the disability programme and 10,000 young women have been trained under the 2jiajiri programme.

Across the region KCB Group has actively engaged in various women empowerment programs and was among the first signatories of the UN’s Women’s Empowerment Principles.

Findings from the Women Aspiration Survey commissioned by renowned communications agency Oxygène MCL—the firm behind the campaign— for KCB revealed that career advancement and the desire to own a business are the two main aspirational spaces that women under the age of 35 aspire for.

Empowering women in the economy and closing gender gaps in the world of work are therefore key to achieving the 2030 Agenda for Sustainable Development (SDG). The bank adopted eight SDGs of which Goal No. 1- no poverty, Goal No. 8 – decent work and economic growth and Goal No. 10 – reduced inequality, are directly corelated to the gender parity conversation. Evidence of the crucial role that KCB Group advocates for the gender parity agenda.



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BigEye Money

The Infinix Hot 7 is hotter than them.

An Infinix Hot 7 gives you what most phones give you (even better). To spin the words, it gives you a hot and an infinite experience. It’s infinity. The rewards are endless.

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By Staff Writer

Let’s face it, there’s always going to be someone better than you, more educated than you, richer than you, more handsome than you, curvier than you, taller than you. There’s someone with a better car than yours, a better-looking woman/man than yours. There’s someone with a bigger house, fancier house and bigger garage. The pleasures of the world are unquenched. Don’t break your neck while trying to fill up a bottomless pit. So, there’s always someone with a better phone. Against that human truth, where do you then seek redemption, happiness and satisfaction?

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The trick is to admit the fact that there’s something better and then, opening your heart (and arms) and being satisfied with what you have. We shall be honest here. Having an Infinix Hot 7, you’re not trying to impress anyone. In fact, it speaks volumes about who you’re as a person. It simply means, you know what you want and you’re contented with it. An Infinix Hot 7 gives you what most phones give you (even better). To spin the words, it gives you a hot and an infinite experience. It’s infinity. The rewards are endless.

An Infinix Hot 7 owner is a person who’s fully aware about the existence of other phones in the world, but he/she’s very contented with it. It’s like a married person who doesn’t roll in the mud of infidelity. Because with an 8MP with a Front LED Flash and a Rear 13M+ QVGA dual camera with AI beauty, he/she’s able slay without trying so hard like the rest of the people who feel the need to accompany their selfies with a hashtag.

The picture quality is crisp and it barely needs any filters to enhance it. This phone is designed perfectly for those who love selfies and pictures and hanging out with their friends. It fuels your fun moments and oils your bonding times. Plus, you don’t have to worry about space. Nothing irritates like a phone telling you to erase stuff, because there’s no space. The Infinix Hot 7 comes in a range of 16/32GB to store as many files, music, photos and videos as you prefer.

The phone has DIRAC mode speakers that enable you to enhance your sound better than the phone next door. You’re able to blast away while on a trip upcountry without having to carry a bulky woofer. Look, we all love music. So, what’s the point of having great music with poor sound output? With an Infinix Hot 7, you’re able to hit many birds with one stone.

There’s been an endless war between Android and iOS. Let’s get it out of the way. The Infinix Hot 7 runs an Android 8.1 Go edition, which relatively is an older but a trusted and very effective version of Android used on entry level smartphones. The processor of Hot 7, which is the actual brain behind the processing, is a 1.3 GHz 4x Cortex MT 6580 P. The processing is supported by a 1 GB RAM that effectively takes the burden of multitasking and makes everything smooth and hassle free. Hot 7 has an internal memory of 16 GB which is expandable up to 128 GB.

Most phones don’t have a good battery life. And that’s why people jump from phone-to-phone. But with this Infinix Hot 7, you don’t have to worry about the battery life. It has 4000mAh whose massive volume provides for the device to last a longtime. You can use the phone up to 12 hours without recharging it. So, clearly, there’s no contest here. To have a phone that last 2 hours (if you’re lucky) and the one that lasts up to over 10 hours, what would you prefer?

So, with an Infinix Hot 7, you’re not trying to make a statement, because you know what you want. You aren’t trying to show off, because those who do are struggling with self-doubt. You’re not trying to flex, because you’re contented with what you have.

Get yourself the Infinix Hot 7 from any Infinix outlets in town at an affordable price.

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