As part of the celebrations to mark the women’s month of March, dfcu Bank is organising a series of financial literacy sessions across the country to inspire and empower women to tackle the challenges they face in the business environment.
Over 400 women in trade and agribusiness are set to benefit from these sessions to be held in Kampala, Mbale, Gulu and Mbarara.
In pushing for progress among women entrepreneurs, dfcu Bank established the Women in Business program (dfcu WiB) in 2007 to support Ugandan women entrepreneurs achieve their full potential. The program was motivated by a number of factors including the fact that despite women being over 50% of the population of Uganda, this was not proportionate to the ratio of women who are banked.
Victoria Byenkya, Manager WiB says: “We have seen a significant uptake of the program with over 30,000 members currently registered – testament to the hunger and desire for growth. In order to address the knowledge & skills gap we run capacity-building sessions throughout the year and currently have over 20,000 women that have benefited from this.”
Speaking during the first session at the Biraj Hotel in Nakasero down town Kampala, dfcu Bank’s Head of Consumer Banking, Denis Kibukamusoke said: “The gender imbalances in accessing credit continue to be of major concern to women. The majority of women tend to have low financial literacy levels and therefore have challenges documenting their business, articulating their plans and projections, which are key in assessing bank credit. Since inception of the Women in Business program over 4,000 women have benefited from the dfcu WiB loans but this number could be a lot better.”
“For dfcu Bank, helping women to overcome financial barriers while supporting them in their quest for growth is not just a business proposition; it is in fact an obligation,” he added.
In 2012, dfcu Bank established the Women Business Advisory Services to press for women’s economic empowerment while increasing their financial literacy as well as creating business linkages for them. Through these advisory services at the dfcu WiB Centre, regular customized workshops are undertaken in fields such as; financial advisory, business to business linkage advisory, marketing and branding, legal advisory and human resource advisory.
To make this possible, dfcu Bank collaborated with Makerere University Business School (MUBS), Uganda Law Society (ULS) and the Institute of Certified Public Accountants of Uganda (ICPAU) to offer business and financial advisory services to thousands of women, especially those engaged in productive economic activity at no cost.
LG expands retail chain in Uganda
LG Electronics has launched a new brand shop in Kampala’s industrial Area that will see the consumer reach doubled in the country.
The 70,000 USD (257 million UGX) investment comes after LG successfully engaged the distributor Diamond Star who will be managing the store, bringing the total number of LG outlets to three in Uganda.
LG has also simultaneously opened a parallel service center in Kampala to cater to the rising number of consumers using LG products.
“We are responding to the rising demand of LG products in the Ugandan market. This expansion will improve the availability of our innovative products to our growing client base. We project that the new store will serve more than 200,000 new customers every month,” said Mr. Moses Marji, Marketing Director, East and Central Africa.
LG is a leading supplier of home electronics and appliances to the region and has stores in Kenya, Uganda, Tanzania, Ethiopia, Sudan, Zambia and Rwanda.
Today’s launch brings LG’s retail store count in the Eastern African region to 98. Four new stores were opened in the region in 2017. Additionally, the company will also refurbish and upgrade some of the major existing outlets to meet the global LG Electronics’ shop standards.
LG Electronics Managing Director in charge of East and Central Africa Janghoon Chung said the company is committed to delivering high quality products that bring convenience to the lives of consumers.
“At LG, quality is our priority and we take the time to make sure that our customers are satisfied with the products that they buy. This is also part of our contribution to the growth of Uganda’s economy by delivering outstanding value to customers every day,” said Mr Chung.
Some of LG’s headlining home appliances such as the LG TWIN Wash will first hit the Ugandan market through the new shop. The TWIN Wash has the capacity to handle two separate loads simultaneously, allowing users to wash different types of clothes seamlessly.
The new brand shop will also stock LG’s new range of Super UHD TVs that use Nano Cell technology to deliver accurate colors and high picture quality even when viewed from wide angles.
MTN UGANDA LAUNCHES MTN SHORTZ.
- MTN Shortz allows subscribers to post video content
- There is an opportunity for content created to generate revenue
- Video content of up to 10 minutes can be uploaded
- To subscribe and upload, visit www.mtnplay.co.ug/shortz
MTN Uganda in a continuous drive to become a digital company has today launched MTN Shortz, a short video streaming platform. MTN Shortz is a mobile-only service that allows subscribers to upload videos of no more than 10 minutes. MTN Shortz is available through mobile phones only on www.mtnplay.co.ug/shortz.
The streaming service allows subscribers to directly post video content from their mobile devices.
“MTN is creating an opportunity for its subscribers to create video content and earn from it. As the leading tech brand in Africa, we are always looking for ways to use technology to provide services that uplift the quality of life in the markets where we operate and so MTN Shortz,” said Olivier Prentout, the Chief Marketing Officer.
MTN Shortz has several channels that subscribers can pick to upload content of their choice. It consists of channels belonging to different content owners, which users can access to view a variety of content. For subscribers to view the content on MTN Shortz, there is a daily charge of between Ugx200 and Ugx1000.
For a video viewed, the content owner will be able to earn some money from the visits.
“The MTN Shortz channels will have local content videos, meaning that for the Ugandan content producers, there is an opportunity for views and extra income. MTN believes that MTN Shortz will be able to drive local content video production,” Prentout notes.
Adding “There is also an opportunity for those that want to be seen by professional content creators. There are several professional content creators that will be using MTN Shortz and will be able to identify the untapped talent. You won’t have to wait for the opportunity to come to you, you can create it.”
For the MTN Pulse community, MTN Shortz is empowering the lifestyle of creating an opportunity. There are several platforms where people can post videos, however on MTN Shortz, the fact is that there is an opportunity to make money. The MTN Pulse community, there will be several exclusive offers in order to access and use MTN Shortz.
Opportunity Bank rebrands
By Our Reporter
Opportunity Bank, a leading microfinance bank in Uganda, announced their new brand and officially unveiled their new and improved Head Office in Kamwokya on Friday.
These changes will elevate Opportunity Bank’s focus on the ability to provide a strong customer experience and technology-led financial services offering to well serve their existing customers and potential target market in the small and mid-sized businesses (SMEs).
Mr. Tineyi Emmanuel Mawocha, Chief Executive Officer of Opportunity Bank said that “There are still many people who are unbanked and have fettered access to loans for developing their businesses. Being able to provide a strong customer experience while exhibiting our unique brand values and financial solutions can be a key differentiator to enable the local market access to turn-key banking products and services. With our rebranding efforts, Opportunity Bank has been empowered to offer banking solutions and experienced customer support services that SMBs need to grow.”
The acting Board Chairperson, Mrs Winnie-Lawoko-Olwe, also added that “Opportunity Bank’s unique banking platform is able to meet consumer needs in an easy-to-use way for any SME and individual. Opportunity Bank continues to develop its multi-functional platform, helping our local markets grow one business at a time. The innovative banking solutions that a small business owner will need to grow their business is extensive. We knew that a unique approach was needed, and we have moved to tailor our products and services specifically to meet our client’s needs.”
Executive Director-Supervision at Bank of Uganda Dr. Tumubweine Twinemanzi who officiated at the launch said that increased confidence in banking benefits will see the move of the ‘unbanked funds’ from under the mattress to commercial banks. Opportunity Bank’s new branding further enables the bank to stand out, not only within the expansive financial sector industry, but also within the ever-growing mobile money banking sector technology ecosystem. Small business owners will enjoy the ease-of-use of Opportunity Bank’s sophisticated technology, along with the human touch that is delivered through superior customer service.
The New Opportunity Bank logo brings a sharp new visual identity, characterising the brand as bold, smart, effective, and original. Opportunity Bank’s emphasis on providing a full suite of products and services to the local market is reflected in the company’s new tagline, – “Empower yourself, empower your business, empower your future.” This language speaks to the core belief that in a vast, ever-changing, and evolving financial sector, Opportunity Bank can fully cater to each and every business to establish and secure a thriving banking solution.
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