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Stanbic Bank joins NSSF to promote professional financial and investment decision making

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By Our Reporter

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Stanbic Bank Uganda, Liberty Life Assurance Uganda Limited and STANLIB Uganda Limited have made a significant contribution of UGX 50 Million towards the NSSF Money Talk symposium taking place on Monday, 10th June 2019.

This will be the first NSSF Investment and Wealth management symposium and it aims to bring together financial advisory and investment experts from within the East African region to promote professional financial and investment decision making.

NSSF Head of Marketing, Barbara Arimi said that for NSSF members to sustainably benefit from their savings, they must plan and seek expert advice, lest they lose all their life savings because of ill- advised and poor decision-making.

“In 2018 we concluded a survey among NSSF beneficiaries to compare the quality of life of NSSF beneficiaries before and after retirement receiving NSSF benefits. 53% said that their benefits sustained them for less than a year and by the end of the first year, 98% had no cash left. We know that the story would be different if they had planned well and had sought professional advice,” she said.

Speaking at the handover ceremony, Israel Arinaitwe – Head of Personal Markets Stanbic Bank Uganda said, “We are proud to be in partnership with NSSF in this inaugural symposium because it aligns with our wealth strategy. Wealth is not only for the wealthy, but it is for everyone and we are all on our unique personal wealth journeys. Through our Wealth Financial Fitness academies, we enable our clients understand how they can holistically plan for their finances, protect the wealth created for their families to enable them to live their desired lifestyles.”

In delivering the Wealth proposition, Stanbic leverages on the capabilities of the strategic partnership with STANLIB and Liberty Group who will be integral to providing the best solutions in creating sustainable wealth.

The symposium, which is expected to be attended by over 1,000 people at the Kampala Serena Hotel, will also equip participants with knowledge to enable them plan for their retirement better by managing their personal finances well, planning, and making sound and informed choices about financial products and investment.

At the event the guest speakers will talk about “Wealth Creation & Preservation for Generations”. Other topics of discussion include “How to create wealth through Capital Markets” and “Real Estate for Wealth Creation & Preservation”.

According to the findings of the Fund’s survey, most retirees invest their pension in agriculture, business, land, rentals, cows, further education, school fees, medical bills or fixed deposits to earn an interest.

“Making better investment decisions will ensure retirees do not end up being destitute or dependent after receiving their pension. Whereas many of our members invested their money gainfully in business, there is a general lack of knowledge on business management and opportunities that can generate earnings to cater for their cash flow needs,” Richard Byarugaba, the NSSF Managing Director noted.

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Luxury lives at Nile Safari Lodge.

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By Staff Writer.
It’s hard to find good accommodation in the wilderness. But Nile Safari lodge defied that myth. The new luxurious eco-lodge is nestled on the southern bank of Murchison Falls National Park, along the tranquil River Nile and alluring Ugandan sunsets. It’s an embodiment of postmodern African architecture that seamlessly blends in with the landscape on a naturally elevate riverbank.

Unlike most lodges, Nile Safari Lodge offers you your money’s worth. Think of hitting many birds with one stone. The lodge has various activities. Like the adventurous game drives in the vast savannah plains whilst watching various species of wild animals that the biggest national park in Uganda – Murchison Falls National Park – boasts of. Take pictures and marvel at Uganda’s beauty.

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Bird watching.
At the lodge, you’ll also enjoy birdwatching. This is a perfect place for ornithologists. The park boasts of a myriad of rare birds. Cruise on the longest river in Africa – River Nile – while perched on a boat as you enjoy the fresh breeze and tides. The boat cruise should be every traveler’s highlight on their expedition.
The lodge also offers an exciting trek in Murchison Falls National Park. Don’t miss the bliss and beauty that’s the park’s plainlands and vast landscape.

Accommodation.
The lodge offers state-of-the-art accommodation; a home away from your home. It has a beautiful family banda named DUNIA (Swahili word for Earth) that’s the ideal option for larger groups. It accommodates four to eight guests. It has two master bedrooms with four single beds and two king size beds, spacious living room and private terrace with optional lunch service.

Chimpanzee trekking
Uganda has a population of close to 5000 chimpanzees distributed in various forests and game parks across the country. One of the most exciting animals to see on a safari in Uganda is the chimpanzee. Why not track them with us?

Swimming pool.
The lodge has a private swimming pool with a stunning view of the shoebill peninsula. Dive in after a trek through the park and cool off.
To book at Nile Safari Lodge, call: +256 772 363 362 /+256 757 363 362

Email: info@nilesafarilodge.com

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Uganda Breweries Becomes First Company to Offer 6 Months Maternity Leave

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By Staff Writer

Every Ugandan must now dream of working for Uganda Breweries Limited aka UBL.

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We’ve learned that the company is now the first in Uganda to give its female employees upto 6 months of fully paid maternity leave. The male employees will have upto one month of paternity leave.

According to some corporates we asked around Kampala, “other companies should pick a leaf from UBL and make life easy for their female employees to raise families. Otherwise at the moment it is as though getting pregnant and having children is a punishment in some companies.”

We congratulate UBL on this big move. It is not easy being the first to take a big move!

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Local Business

Lucky Airtel subscribers win tickets to AFCON

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By Our Reporter

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Airtel Uganda handed over two all-expense paid tickets to Esele Peter and Moses Ebuk as part of the ongoing Sukuma Cash promotion. The two lucky winners will be travelling to Egypt to watch Uganda Cranes play live during the AFCON games. They will join Nakabugo Carol and Mawanda Isaac – first two lucky ticket winners.

Esele Peter, an Airtel Money subscriber and Moses Ebuk Silver an agent based in Ayam district were joined by hundreds of other subscribers who won the daily prize of UGX500,000 each in the third draw of the competition.

At the handover Remmie Kisakye, Head of Brands and Communications Airtel Uganda encouraged subscribers to continue making transactions because everyone is a winner.

She also encouraged the winners to continue making transactions because their continued support for Airtel Uganda is support to the Uganda Cranes team.

“Since the promotion begun, we have rewarded 175 Airtel Uganda subscribers each week, and we are excited to be rewarding more today. In the Sukuma Cash promotion, everyone is a winner when they send money to their family and friends. This is because we cut the transaction fees by 60% which means that whenever you send money, you are making a saving,” she noted.

To stand a chance to win, subscribers simply have to dial *185# and send money or carry out any other Airtel Money transactions like pay bills, pay school fees buy data, voice as well as voice bundles.

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