fbpx
Connect with us

Leader board

Local Business

Over 200 Ugandans to benefit from TEF Entrepreneurship Programme

Published

on

Find out information about Coronavirus in Uganda. More here.

Founder, The Tony Elumelu Foundation(TEF), Mr. Tony Elumelu; Wife to the President of Nigeria, Mrs Aisha Buhari; and  Trustee , TEF; Dr Awele Elumelu,  during launch of 5th cycle of Tony Elumelu Foundation Entrepreneurship Programme held in Abuja.

L-R: Founder, The Tony Elumelu Foundation(TEF), Mr. Tony Elumelu; Wife to the President of Nigeria, Mrs Aisha Buhari; and  Trustee , TEF; Dr Awele Elumelu,  during launch of 5th cycle of Tony Elumelu Foundation Entrepreneurship Programme held in Abuja, Nigeria.

By Our Reporter

The Tony Elumelu Foundation (TEF), the leading African philanthropy committed to empowering African entrepreneurs, Friday announced 3,050 African entrepreneurs, drawn from all 54 African countries, selected to join the 5th cycle of its $100million TEF Entrepreneurship Programme.

The announcement was made at the Transcorp Hilton Abuja, following a presentation of the selection process by Accenture Development Partners.

This year, over 216,000 applications were received, an increase from last year’s 151,000. Nearly 90,000 were submitted by female entrepreneurs, an increase of 45%, illustrating the Foundation’s strategy to achieve greater gender balance.

In Uganda, the number of selected applicants grew from 165 applicants in 2018 to 259 applicants in 2019 with entrepreneurs running businesses majorly in the agriculture and manufacturing industries.

The selected Entrepreneurs will each receive non-refundable $5,000 of seed capital, access to mentors, and a 12 – week business training programme, directly focused on the needs of African entrepreneurs. On July 26 – 27 2019, they will gather at the TEF Entrepreneurship Forum, the largest annual gathering of African entrepreneurs and the entrepreneurship ecosystem on the continent.

TEF Founder, Tony O. Elumelu, CON, who celebrated his birthday on the same day, said: “Every year, we face an almost impossible task – to select 1,000 entrepreneurs, from the hundreds of thousands that apply. Our entrepreneurs are hungry to effect change. We know we are only scratching the surface, we see the depth of entrepreneurial talent, that all of us – government, business indeed African society, must harness to transform our economies and livelihoods. We must rally together to empower them and accelerate the change we want on the continent”.

In her speech, Her Excellency, Mrs. Aisha Buhari, the wife of the President, Federal Republic of Nigeria, commended the Programme’s impact on the continent, charging the selected entrepreneurs to contribute to the advancement of the African continent. “Indeed, I am confident that these Tony Elumelu entrepreneurs will inspire deep confidence and be of immense value not just to Nigeria but to the entire continent,” she said.

Speaking on the announcement, the incoming CEO, Ifeyinwa Ugochukwu, said, “The Tony Elumelu Foundation Entrepreneurship Programme has successfully empowered 7,520 entrepreneurs in its first five years of the 10- year programme.’’

Marking the fifth anniversary of the 10-year programme, this year’s selection includes 2,050 entrepreneurs, supported by the Foundation’s partners in addition to the Foundation’s annual commitment of 1,000, bringing the total number of entrepreneurs empowered by the Foundation to date to 7,520.

“Last year, we launched TEFConnect – the digital networking platform for African entrepreneurs and open to all – to further democratize the access to opportunities for the thousands of entrepreneurs that cannot directly benefit from our Entrepreneurship Programme. This further demonstrates our commitment to empowering our entrepreneurs and our belief that entrepreneurship holds the key to unleashing the true potential of the African continent”, she said.

The Foundation’s growing list of partners includes the International Committee of the Red Cross (ICRC), the United Nations Development Programme (UNDP), the Federal Republic of Benin (Seme City), the Anambra State Government, Indorama, the Government of Botswana and the African Development Bank (AfDB).

Loading...
(Visited 1 time, 1 visit today)
Continue Reading

Local Business

Nofeka, a new online retailer platform launched

Published

on

Find out information about Coronavirus in Uganda. More here.

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.

Loading...
(Visited 1 time, 1 visit today)
Continue Reading

Local Business

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

Published

on

Find out information about Coronavirus in Uganda. More here.

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.

Loading...
(Visited 1 time, 1 visit today)
Continue Reading

CoronaVirus Uganda

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

Published

on

Find out information about Coronavirus in Uganda. More here.

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.

Loading...
(Visited 1 time, 1 visit today)
Continue Reading

Local Business

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

Published

on

Find out information about Coronavirus in Uganda. More here.

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.

Loading...
(Visited 1 time, 1 visit today)
Continue Reading
Loading...

Facebook

WHAT YOU MISSED

%d bloggers like this: