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NSSF Partners With Bank of Uganda to Offer Financial Literacy

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The National Social Security Fund (NSSF) has today kicked off its third annual Customer Connect Week during which it will offer free financial literacy to members who have received benefits in the recent past.

The Customer Connect, which takes from May 18th to May 22nd, will also include a number of community support activities in different parts of the country as part of the Fund’s Corporate Social Responsibility.

Addressing the media at Imperial Royale hotel today, NSSF Managing Director Mr. Richard Byarugaba said that the Fund will offer tailor made solutions to customers throughout the country.

“This week is dedicated to our members and customers in line with our commitment to delivering great customer service. We invite you and the general public to come ask any information about their savings and hold us accountable. We are open to scrutiny,” he said.

Byarugaba added that the initiative is in fulfillment of the promise the Fund made to its members to be responsive to their needs and offer world class services.

He added that the financial literacy programme targets NSSF members who have received their savings from NSSF, but also others who may be interested.

Bank of Uganda will facilitate the financial literacy programme, which seeks to bridge the financial and investment knowledge gap.

“Through a number of surveys, we have come to know that a number of savers in Uganda do not invest their money in feasible ventures and end up wasting, rather that growing the value of their money. Some end of up without any savings in just a few years.”

“This financial literacy programme is intended to bridge this knowledge gap so that our members can invest their savings better upon retirement,” he added.

The Fund will also engage in various Corporate Social Responsibility (CSR) activities across the country that are worth Ushs 230m.

“Our staff throughout the country will carry out a number of community activities as part of our social responsibility to the areas in which we do business. This year, we are focusing on providing the necessities of comfortable living to the elderly”, Byarugaba added.

Some of the items include solar power units, mattresses, beddings, treated mosquito nets, and repair of protected water sources such as boreholes.

The Fund will provide an assortment of equipment that enables a better learning environment for elderly in different regions of the country.

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Local Business

Nofeka, a new online retailer platform launched

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By Our Reporter

Nofeka, a new Ugandan online retailer platform has been launched. The new platform comes at a time when there is limited movement of people and access to food markets and produce stores due to the on going COVID-19 pandemic.

Kiyega Daniel the retailer’s founder and CEO says its thus the right time to launch an online retailer platform that also does deliveries so as to ease life for Ugandans mostly those affected by movement restrictions.

With an offering of a wide range of products ranging from groceries, clothing to electronics, furniture and toiletries among others, the retailer’s founder Kiyega says they are targeting to have at least 10,000 orders a month with in one year.

This, according to the firm’s projections, will grow to 1 million orders a month 5 years down the road as they step out of Uganda into East Africa and Africa at large.

Download the Nofeka app on Google Play or Apple store or visit their website  to get started.

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Local Business

Fin tech app, Cash Chat to reward users with mobile phones

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Asher Namanya, the founder and developer of Cash Chat App

Asher Namanya, the founder and developer of Cash Chat App

By Our Reporter

Financial technology app, Cash chat that has been giving opportunities to those looking at sustainable self employment through signing up on it and signing up other users for a commission has expanded its offering.

With over 100000 users across East Africa, the app has new features and customers can now do a number of other things like chat, make calls for free on the app, send money abroad and win great prizes!

In partnership with Pixan Uganda, all new customers who sign up to cash chat now by downloading the app, becoming members and take a picture of themselves and their phone showing the app will win brand new Pixan M9 phones, power banks and other accessories.

Cash chat now also gives members a chance to make additional money through bringing adverts onto the platform for a commission and saving on the app where they can earn good interest on the cash chat savings product.

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Great Lakes Energy Company donates 5 Brand New Cars to COVID-19 Taskforce

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Great Lakes Energy Company has donated five brand new Nissan Double Cabin Pick-ups to the Covid-19 national taskforce.

By Our Reporter

Great Lakes Energy Company (GLE) has handed over five brand new Nissan Double Cabin Pick-ups worth 134,300 US Dollars (approximately UG Shillings 507.6m) to Hon. Mary Okurut, the Minister In Charge of General Duties and the head of the Government Covid-19 taskforce.

The five cars will help transport medical workers and distribute food across Uganda as the country continues to curb the COVID-19 pandemic.

GLE has always contributed to the communities that they operate in across Africa by supporting sustainable development projects, mainly in Health, Education and Conservation.

Commenting on the donation, GLE Director Michael Kearns said: “Given the gravity of the ongoing pandemic, we felt it prudent to respond to the President of Uganda’s appeal for additional logistical support to boost the Ministry of Health’s fleet. We are honored to contribute to the alleviation of the COVID-19 pandemic in Uganda by donating these 5-brand new pick-up trucks that will be used to transport food and medical workers to the areas they are needed the most”, he noted.

Speaking on behalf of the COVID-19 taskforce, Hon. Mary Okurut thanked GLE for the donation that will go a long way in providing additional support to the taskforce as it implements the different interventions to curb the spread of the virus.

Guided by two main pillars of strengthening healthcare infrastructure and providing assistance to the most vulnerable communities, GLE allocates funds, separate to the operational business expenditure, to support chosen philanthropic and Corporate Social investment endeavors. Last year, the company worked with local partners to fund a health outreach activity in Rushere district as well as a youth sports tournament to teach Uganda youth about teamwork and leadership.

This donation is part of Janus Continental Group’s Africa-wide COVID-19 response and shows the huge potential of public and private sector partnership, bolstering the efforts of civil society and healthcare institutions. Standing together with governments and societies, JCG is guided by the WHO call for whole-of-government and whole-of-society approach in responding to the COVID-19 pandemic.

In January 2019, GLE completed the $25 million Uganda-based Kabulasoke solar power plant developed in conjunction with the Uganda Electricity Transmission Company Ltd. The 24MW solar power plant, which is already connected to the national grid, serves over five million people in rural Uganda.

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Local Business

NBS TV staff on Cloud 9 following Pres. Museveni tweet endorsement

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By Reporter

Staff at NBS TV are on cloud 9 after President Yoweri Kaguta Museveni shared a screengrab of the station.

In a tweet on Thursday, Museveni shared a photo of a television screen showing NBS TV, which was streaming the budget speech live from Parliament.

The photo’s caption read: “This afternoon at State House Entebbe, through a technology platform, I participated in the presentation of the national budget to Parliament.”

Due to the COVID-19 pandemic, the budget ceremony was carried out in a scientific manner, with President Museveni addressing Parliament and the world from State House.

For the Kin Kariisa-owned station that’s made a visible-for-all effort to be on top of the news at all times, advanced technology has been at the forefront, enabling them to be an authority on major happenings, especially with their coverage of the COVID-19 pandemic. They have also been able to position themselves as the kings of live coverage.

Recently, Ministry of Health officials were seen watching NBS TV’s sister station, Salam TV. These surely are major wins for the Kamwokya based Media House.

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