Connect with us

Leader board

BigEye Money

African Teachers Receive Supplementary salaries through Development Channel

Published

on

Teachers in Africa are evidently the most economically disempowered of all professions despite being the greatest contributors to the development of the continent. African teachers trained the politicians who tell them their salaries cannot be increased, train the doctors who tell them they can’t afford the healthcare they need, train the bankers who deny them of loans, train the business men who ridicule them of their poverty and train the various government technocrats who deny them of their pensions and gratuity.

Teachers in Africa are synonymous with poverty and according to more than 90% of African governments, there are no funds to increase the much needed salaries for teachers and even if the funds were there, increasing salaries for teachers will only lead to inflation and further agitation by other civil servants. This is the long held position of African governments and institution while those of the private school proprietors is that they are struggling and have at least managed to do better than the meagre wages paid by the public schools.This current statuesque has gone on for decades forcing teachers to abandon the profession leading to loss of quality and skilled educators which then downgrades the quality of the education in Africa. It has also led to teachers skipping classes in pursuit of economic gains also leading to lack of importation of knowledge to the students. In some other cases, teachers now take bribes from parents and students to give them pass marks which accounts for the reason why Africa is now full of “educated” illiterates with many having certificates let lacking any academic depth. It is now a known fact in Africa that a primary school educated person a few decades ago is far more literate than today’s university graduate. Development Channel, the crier and advocate of Africa’s first economic war has however come to the rescue. Development Channel who believes that the funds for Africa’s development lies first in the $203 billion dollars capital flight that leaves the continent yearly says that salaries of teachers can be doubled without it causing any inflation or leading to any further agitation by other civil servants. The organization led by the visionary Charles N Lambert says its new unprecedented initiative, the Teachers Revenue Source(TRS) will put African teachers exactly where they should be through daily, weekly, monthly, quarterly and annual salaries earned by the teachers participation part time in the patriotic duty of being a public enlightenment officer in Africa’s first economic war.Teachers are expected to earn a minimum of $200 in basic monthly salary from their participation in TRS with very committed ones earning up to $1,000 per month. It should be noted that teachers in Africa currently earn an average of $100 per month. The Teachers Revenue Source (TRS) initiative also helps teachers get many need based products for free and high expensive items such as vehicles on credit terms with deductions from the TRS salary and not the primary salary of the teacher. As at the time of this report, thousands of teachers are flocking to be trained on how to use the Development Channel Mother App and work from their various individual locations for the economic war which empowers them yet empowers the continent.

New TECNO Spark 3 with AI bright camera now available at RRP 429,000 UGX Click here for more

(Visited 1 time, 1 visit today)

Local Business

Stanbic Bank joins NSSF to promote professional financial and investment decision making

Published

on

By Our Reporter

New TECNO Spark 3 with AI bright camera now available at RRP 429,000 UGX Click here for more

Stanbic Bank Uganda, Liberty Life Assurance Uganda Limited and STANLIB Uganda Limited have made a significant contribution of UGX 50 Million towards the NSSF Money Talk symposium taking place on Monday, 10th June 2019.

This will be the first NSSF Investment and Wealth management symposium and it aims to bring together financial advisory and investment experts from within the East African region to promote professional financial and investment decision making.

NSSF Head of Marketing, Barbara Arimi said that for NSSF members to sustainably benefit from their savings, they must plan and seek expert advice, lest they lose all their life savings because of ill- advised and poor decision-making.

“In 2018 we concluded a survey among NSSF beneficiaries to compare the quality of life of NSSF beneficiaries before and after retirement receiving NSSF benefits. 53% said that their benefits sustained them for less than a year and by the end of the first year, 98% had no cash left. We know that the story would be different if they had planned well and had sought professional advice,” she said.

Speaking at the handover ceremony, Israel Arinaitwe – Head of Personal Markets Stanbic Bank Uganda said, “We are proud to be in partnership with NSSF in this inaugural symposium because it aligns with our wealth strategy. Wealth is not only for the wealthy, but it is for everyone and we are all on our unique personal wealth journeys. Through our Wealth Financial Fitness academies, we enable our clients understand how they can holistically plan for their finances, protect the wealth created for their families to enable them to live their desired lifestyles.”

In delivering the Wealth proposition, Stanbic leverages on the capabilities of the strategic partnership with STANLIB and Liberty Group who will be integral to providing the best solutions in creating sustainable wealth.

The symposium, which is expected to be attended by over 1,000 people at the Kampala Serena Hotel, will also equip participants with knowledge to enable them plan for their retirement better by managing their personal finances well, planning, and making sound and informed choices about financial products and investment.

At the event the guest speakers will talk about “Wealth Creation & Preservation for Generations”. Other topics of discussion include “How to create wealth through Capital Markets” and “Real Estate for Wealth Creation & Preservation”.

According to the findings of the Fund’s survey, most retirees invest their pension in agriculture, business, land, rentals, cows, further education, school fees, medical bills or fixed deposits to earn an interest.

“Making better investment decisions will ensure retirees do not end up being destitute or dependent after receiving their pension. Whereas many of our members invested their money gainfully in business, there is a general lack of knowledge on business management and opportunities that can generate earnings to cater for their cash flow needs,” Richard Byarugaba, the NSSF Managing Director noted.

(Visited 1 time, 1 visit today)
Continue Reading

Featured

Luxury lives at Nile Safari Lodge.

Published

on

By Staff Writer.
It’s hard to find good accommodation in the wilderness. But Nile Safari lodge defied that myth. The new luxurious eco-lodge is nestled on the southern bank of Murchison Falls National Park, along the tranquil River Nile and alluring Ugandan sunsets. It’s an embodiment of postmodern African architecture that seamlessly blends in with the landscape on a naturally elevate riverbank.

Unlike most lodges, Nile Safari Lodge offers you your money’s worth. Think of hitting many birds with one stone. The lodge has various activities. Like the adventurous game drives in the vast savannah plains whilst watching various species of wild animals that the biggest national park in Uganda – Murchison Falls National Park – boasts of. Take pictures and marvel at Uganda’s beauty.

New TECNO Spark 3 with AI bright camera now available at RRP 429,000 UGX Click here for more

Bird watching.
At the lodge, you’ll also enjoy birdwatching. This is a perfect place for ornithologists. The park boasts of a myriad of rare birds. Cruise on the longest river in Africa – River Nile – while perched on a boat as you enjoy the fresh breeze and tides. The boat cruise should be every traveler’s highlight on their expedition.
The lodge also offers an exciting trek in Murchison Falls National Park. Don’t miss the bliss and beauty that’s the park’s plainlands and vast landscape.

Accommodation.
The lodge offers state-of-the-art accommodation; a home away from your home. It has a beautiful family banda named DUNIA (Swahili word for Earth) that’s the ideal option for larger groups. It accommodates four to eight guests. It has two master bedrooms with four single beds and two king size beds, spacious living room and private terrace with optional lunch service.

Chimpanzee trekking
Uganda has a population of close to 5000 chimpanzees distributed in various forests and game parks across the country. One of the most exciting animals to see on a safari in Uganda is the chimpanzee. Why not track them with us?

Swimming pool.
The lodge has a private swimming pool with a stunning view of the shoebill peninsula. Dive in after a trek through the park and cool off.
To book at Nile Safari Lodge, call: +256 772 363 362 /+256 757 363 362

Email: info@nilesafarilodge.com

(Visited 1 time, 1 visit today)
Continue Reading

Featured

Uganda Breweries Becomes First Company to Offer 6 Months Maternity Leave

Published

on

By Staff Writer

Every Ugandan must now dream of working for Uganda Breweries Limited aka UBL.

New TECNO Spark 3 with AI bright camera now available at RRP 429,000 UGX Click here for more

We’ve learned that the company is now the first in Uganda to give its female employees upto 6 months of fully paid maternity leave. The male employees will have upto one month of paternity leave.

According to some corporates we asked around Kampala, “other companies should pick a leaf from UBL and make life easy for their female employees to raise families. Otherwise at the moment it is as though getting pregnant and having children is a punishment in some companies.”

We congratulate UBL on this big move. It is not easy being the first to take a big move!

(Visited 1 time, 1 visit today)
Continue Reading

Facebook

HOT RIGHT NOW