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Over 400 women entrepreneurs to benefit from dfcu Bank’s financial literacy trainings

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Victoria Byenkya - Manager dfcu Women in Business

Victoria Byenkya, the manager dfcu Women in Business addressing guests that turned up for dfcu bank financial literacy training session held at Biraj Hotel.

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.

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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.”

Some of the attendants that turned up for dfcu bank financial literacy training sessions at Biraj Hotel

Some of the attendants that turned up for dfcu bank financial literacy training session held at Biraj Hotel.

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.

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Local Business

UBA unveils solution to allow customers access bank services via Facebook

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Johnson Agoreyo, Managing Director/CEO, UBA Uganda

Johnson Agoreyo, the Managing Director UBA Uganda addresses guests during the launch of Leo.

By Our Reporter

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United Bank for Africa (UBA) has unveiled a digital solution dubbed Leo, a chatbot that enables customers use their Facebook accounts to carry out key banking transactions. This was during a ceremony held at their Head Offices on Tuesday.

According to Johnson Agoreyo, Managing Director/CEO, UBA Uganda, this product offering was developed to match customer’s lifestyles since more people are spending more time on social media.

“The formulation of this product is consistent with the bank’s customer-first philosophy, where we are doing things not the way we like but exactly what the customers want, where they want it, and in the exact platform they want. Therefore, we at UBA have collaborated with Facebook to come up with this. In future, Leo will show up on other platforms,” he said.

He further explained that Leo is a very interactive and easy to use  platform which will offer more convenience in how customers interact with the bank.

With Leo, customers are able to open new accounts, carry out money transfers and airtime top-up among others right on their mobile phones.

Gloriaus Byaruhanga, the Head, Digital Banking, UBA Uganda, emphasized that the platform is secure, noting that “the security with this platform is that for every transaction, an OTP (One Time Password) is generated to the phone number that is registered on the account.”

She also explained that to use the chat banking platform, a customer just needs to log in to Facebook Messenger and open up chat with Leo, who then takes over the conversation by telling the customer what steps to take.

The bank is continuously innovating and developing strategies aimed at making banking seamless and effortless for millions of its existing and potential customers, while also ensuring utmost safety of their transactions.

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Plascon Uganda announces 3-year partnership with Buganda Kingdom

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Owek. Charles Peter Mayinga addresses guests

Owek. Charles Peter Mayinga addresses guests

By Our Reporter

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Kansai Plascon Uganda, a leading paint manufacturer in Uganda, has sealed a three-year partnership with the Buganda Kingdom. This was announced during a ceremony presided over by the katikkiro of Buganda Owek. Charles Peter Mayinga at Bulange, Mengo on Tuesday.

Speaking during the ceremony, Owek. Mayiga noted that this partnership was merely a renewal of the working relationship that the Kingdom has enjoyed with the company for a while, though it is only the first partnership since the rebranding process to Plascon.

“I’m grateful that this long term relationship has been revived under the new Plascon brand. We believe the Kingdom and everyone that stays within its boundaries is going to partake of the benefits that are already coming through as a result of the new business acquisition. From today onwards Plascon is Buganda Kingdom’s exclusive painting partners of choice,” he stated.

Plascon’s Managing Director Chris Nugent was equally appreciative of the renewed relationship stating that it was further confirmation of the company’s status as the dominant paint brand in Uganda, especially in view of the new products introduced on the market this year.

“This is a really significant occasion in the journey of Plascon. It confirms that the rebranding process to Plascon was only a change of name but we retain the same value system, which is anchored on investing in the communities in which we operate,” said Mr. Nugent.

As part of the partnership, Plascon will be painting of 11,573 square meters of selected institutional buildings including Bulange, Kasubi Tombs and the Lubiri.

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Local Business

MTN Uganda 21 Days of Y’ello Care Comes To An End With Career Expo

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Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.

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This is what MTN Uganda is aiming for as the end of the 2018 edition of the 21 Days of Y’ello Care comes to an end.

The MTN Uganda 21 Days of Y’ello Care will climax with a two day career expo from 20th to 21st June, 2018 at the MTN Office in Nyonyi Gardens.

On 20th June, a panel discussion with key leaders in the Ugandan business and entrepreneurship space will address the youth at MTN offices, Nyonyi Gardens, from 2.00pm to 4.00pm.

The panel discussion will also focus on the available opportunities for the youth as well as providing career and life skills. The panel discussion will feature the following individuals:

  • Wim Vanhelleputte – MTN Uganda CEO
  • Japheth Kawanguzi – Innovation Village Team Leader
  • Dickson Mushabe  – Founder and CEO of Hostalite
  • Diana Nandagire Ntamu – ‎Director Entrepreneurship Centre, ‎Makerere University Business School

On 21st of June, the action will start at 10am and end at 4pm with a full blown career day. The career day will offer a platform for MTN Uganda staff across different departments to offer guidance, inspiration, mentorship and insight to how the youth can be better prepared for the opportunities available in both the formal and informal sectors.

Youth Groups that have benefitted from 21 Days of Y’ello Care will also exhibit at the venue, as well as MTN partners Huawei, NITA and Enable Belgian Development Agency.

Diana Ntamu Muwanga Nandagire will be speaking at the Career expo

Every year, MTN Uganda staff step out of their offices to make a difference in the lives of the communities within which they work in.

2018 was no different as MTN Uganda staff outdid themselves as they took part in the twelfth edition of its global award winning staff voluntary program 21 Days of Y’ello Care.

This year, the 21 Days of Y’ello Care focused on one of the most critical issues affecting countries across the globe – Youth Empowerment – under the theme ‘Creating a Brighter Future’. Activities were carried out in Kampala, Mbarara and Gulu.

The theme, aimed at undertaking initiatives to tackle the unemployment problem amongst the youth, saw MTN Uganda staff take part in special activities that sowed seeds of change, provided empowerment and brightened lives of those involved.

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