Uganda’s Smartphone network, Airtel Uganda has partnered with Finance Trust Bank to improve its customers’ experience by leveraging on technology to enhance the movement of money between their Airtel money wallets and their deposit accounts at Finance Trust Bank.
The Finance Trust Bank’s mobile banking platform dubbed ‘SimuYo BankYo’ was introduced to give the bank’s customers access to a variety of services including: balance inquiries, movement of money from one account to another, airtime purchase, bills payment as well as movement of money – Mobile Wallet to Bank and Bank to Mobile Wallet also known as Push & Pull.
According to Mrs. Annet Nakawunde Mulindwa, the Managing Director – Finance Trust Bank, “The bank is growing its delivery channels to give its customers more options and methods of accessing their deposits. Our customers can now deposit money on their savings account at their convenience without necessarily coming to the banking hall and we hope that this convenience will help customers save on time spent en route to the bank or in queues inside the bank.”
Mobile money services are widely used by low and medium income people who may not have access to formal banking services and the partnership with Airtel Uganda will see the bank’s growing number of customers have access to banking services on their mobile phones.
“This partnership will help both our customers and non-customers engage with the bank more often since most neighborhoods in rural and urban areas have more than one mobile money access point. This will enhance financial inclusion in addition to growing the banks revenue and deposit base due to banking transactions done Anytime, Anywhere through customers’ mobile phones,” Mrs. Mulindwa added.
Speaking after signing the agreement, the Managing Director Airtel Uganda Mr. Tom Gutjahr applauded Finance Trust Bank for their willingness to enhance the lives of the customers by ensuring real time access to their funds through connection with their mobile money wallets.
“We are proud to be associated with Finance Trust bank, one of the strongest financial institutions in Uganda. Innovative partnerships, such as the one signed today, are ultimately designed to ease the lives of our mutual customers and close the gaps of financial access by ensuring that they have full time control over their bank accounts through our reliable Airtel Money platform,” Gutjar said, adding that Airtel Uganda is committed to ensuring that Ugandans can use their phones, not just as a communication tool but as a banking tool in an easy, affordable and accessible way.
Mr. Godfrey Mutabazi, the Executive Director of Uganda Communications Commission and Chief Guest applauded Finance Trust Bank for joining the list of banks that have invested in increased consumer empowerment as well as rural communication development. He mentioned that rural communication development has been made possible by the willingness of Banks like Finance Trust Bank and telecommunications’ companies like Airtel Uganda to invest heavily in rural areas.
University students to be equipped with financial literacy skills at 2020 NSSF Career Expo
By Our Reporter
The National Social Security Fund (NSSF) in partnership with Daily Monitor has kicked off a month-long career expo for university students countrywide. The expo, now in its 9th year, is intended to prepare students for the work place, equipping them with skills and knowledge to increase their employability.
Addressing media at the launch of the expo at Makerere University Business School, NSSF Managing Director, Richard Byarugaba said that this year’s expo will focus on entrepreneurship and financial literacy to prepare them to be financially independent.
Under Financial literacy, students will obtain knowledge on Personal finance management with topics that include Debt Management, Positioning oneself for higher Pay, and Habits of the financially intelligent.
“This is in line with the NSSF’s overall Financial literacy program, where we offer professional financial and investment advice to our members to enable them make better decisions when they get their retirement funds. We have therefore tailored the program to be relevant to university students during the expo.” Byarugaba said.
Other topics for discussion at the expo will include Self-start ups, a session on today’s job market and career advice from the best employers in the country.
The Expo will be held in 11 universities countrywide including Makerere University Business School, Kyambogo University, Makerere University, Ndejje University, Nkumba University, YMCA, Uganda Martyrs University Nkozi, IUIU, Gulu University Mutesa 1 University and Bishop Stuart University.
The Nation Media Uganda Managing Director, Tony Glencross said, “The expo gives us an opportunity as media to bring to life the career advice we give weekly through our Friday paper. Through this platform, we are able to have an interactive session with our readers, especially the university students, to prepare them for the job market and life after university.”
Speakers lined up for the interaction with the students include financial literacy experts, employers from top organizations, and proprietors of successful local investments.
Over 10,000 university students are expected to attend the expo countrywide this year.
MTN Uganda contributes Ugx 20 million towards boosting palliative care in Busoga region
By Our Reporter
The MTN Uganda foundation has boosted Palliative care activities in Busoga sub region with a shs 20million cash donation.
The donation was handed over to the Executive Director Rays of Hope Hospice Jinja by the CEO MTN Uganda Wim Vanhelleputte during a brief ceremony at the MTN Uganda offices at Nyonyi gardens.
Rays of Hope Hospice is a nongovernmental organisation that provides palliative care to improve the quality of life for people with life threatening illnesses and their families in Busoga region and the neighbouring districts.
“In 2019, 33% of our enrolled women with cancer suffered from cervical cancer and 21% had breast cancer so we started education and screening for early diagnosis and treatment for these two most common cancers in Uganda, but we are limited by financing a the need is very great. So we are grateful to MTN for coming to our rescue and call on others to join the struggle not just in Busoga but the whole country,” explained Sylvia Nakami, the Executive Director Rays of Hope Hospice.
“The absolute poverty and last mile isolation of our clients means ray of Hope Hospice is often our patients last hope for treatment and care making our work immense and a crucial challenge. We can’t do this all on our own but with support from everyone, we can save several lives,” Nakami further explained.
According to the lady, many of the victims are mothers or sexually active people. “If a mother dies leaving her children that will be another problem, that’s why we do everything we can to save the mother or if they don’t make it, at least it will be more dignified.”
Vanhelleputte said he was delighted to work with a partner that puts every cent they get into good use and promised to continue supporting the work of the NGO.
Huawei applauded for contribution towards improving ICT and innovation in Uganda
By Our Reporter
The Speaker of Parliament of Uganda Hon. Rebecca Kadaga, has applauded Huawei for their efforts in improving ICT and Innovation in Uganda.
The speaker who was the chief guest made these remarks at a donation ceremony that happened at Kamuli where Huawei handed over assorted equipment.
The donation was handed to Hon. Rebecca Kadaga by Mr. Liujiawei, Huawei Uganda’s Managing Director, in the presence of the LC1, LC5, and the area member of parliament among other leaders.
“On behalf of the government of Uganda, I continue to commend you Huawei for your great contribution to I.C.T and Innovation of this nation. We have indeed proved you as an industry leader because of your efficiency and timely implementation of the various projects and as a government we have a special relationship with you (Huawei). We thank you for your corporate social responsibility initiative that you have exhibited today,” said Hon. Rebecca Kadaga, The Speaker of Parliament of Uganda
“I commend you for the Huawei ICT Academy that skills Ugandans and your intentions to take this program in Busoga University, I encourage you to keep going. I believe that this initiative is not only going to equip I.C.T skills but also create employment, innovation and general economic development,” she added.
Speaking at the ceremony, Mr. Liujiawei, Huawei’s Managing Director expressed his deepest pleasure for the opportunity to give back to the people of Busoga.
“We hope to bring Uganda not only these specific materials, but also, more importantly, the development opportunities for the every Ugandan; Digital skills that bring capabilities
and seize opportunities; the connectivity and a better life for the future,” Mr Liu Jiawei said.
Shell brings cheer to motorists
By Our Reporter
Vivo Energy Uganda, the company that distributes and markets Shell branded fuels and lubricants in Uganda, brought cheer to motorists with exciting rewards in their recently concluded Shell 10 Weeks of Cheer campaign.
The campaign which kicked off in December and ended with February saw customers who spent UGX50,000 at a participating Shell station handed draw coupons requiring them to enter the competition by sending a unique code and their license registration number to 8008 by SMS.
Through weekly draws, 10 lucky jackpot winners walked away with UGX 500,000 worth of fuel each.
“My work involves a lot of field work and we often have to use a car,” Veronica Ndagire, a sales personnel who was one of the jackpot winners said. “One day, while filling up at a Shell fuel station in Namanve we were given scratch cards, and that is when I started sending messages.”
Ndagire revealed that she was skeptical about the promotion, and could not believe that she was one of the lucky jackpot winners.
“I even thought the promotion was not real and did not believe it when someone from Vivo Energy called me telling me that I had won fuel worth 500K.” She said. “I had almost shrugged it off, and then I received a message reminding me to go redeem my fuel.”
For Kugonza Jennifer, who had learned about the promotion through a friend, she had no doubts when she was told she was one of the winners.
“I was encouraged to participate in the promotion by my friend who had already won free fuel,” Kugoza said. “After sending messages for a week, I was also a winner. They called telling me I had won Ugx 500K worth of fuel.”
“I am really excited to have been one of the lucky winners and because of this I will always be a loyal Shell customer.” She added.
A total of 19,365 customers were rewarded with prizes worth UGX 500M during the campaign. The campaign spread cheer to all regions of Uganda with over 100 Shell stations countrywide participating to ensure convenience for customers across the country.
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