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Africa Blockchain Conference second edition set for July

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By Our Reporter

On the 3rd and 4th of July 2019, CryptoSavannah and the Blockchain Association of Uganda, working in collaboration with the Ministry of ICT and National Guidance will host the 2nd edition of the Africa Blockchain Conference at the Kampala Serena Conference Center.

The conference theme “Africa 4.0: Preparing Africa for the 4th Industrial Revolution” will focus on what the 4th Industrial Revolution (4IR) is, what opportunities it presents, what threats it poses and what Africa must do to leverage 4IR for its development. Alongside the conference, will run the “Africa 4.0 Tech Expo,” an experiential journey showcasing the leading technology innovations and applications in Africa. The Conference and Tech Expo will host 3,000 people, comprising the public and private sector, experts and leaders from global technology companies, entrepreneurs, innovators, youth and government representatives. Topics to be discussed include: (i) Africa’s readiness for the 4th Industrial Revolution, (ii) Fintech, payment systems and digital financial services, (iii) The future of work and education, (iv) SDGs and technology for impact.

The Fourth Industrial Revolution (4IR), also known as Industry 4.0, is a new chapter in human development, that is enabled by extraordinary technology advances, and is fundamentally changing the way we live, work and relate to one another.

These technology advances including Artificial Intelligence, Blockchain, Big Data, Internet of Things (IoT), Drones and Robotics, among others are merging the physical, digital and biological spheres in ways that create both huge promise and potential peril. The speed,
breadth and depth of 4th Industrial Revolution is forcing us to rethink how countries develop, how organisations create value, and even what it means to be human.

While addressing the press, the CryptoSavannah CEO, and Chairperson of the Africa Blockchain Conference, Kwame Rugunda, explained that the 4th Industrial Revolution is already upon us and rather than waiting to be impacted by it, we must consciously prepare ourselves, our systems, our nations and our posterity for it.

Although Africa has been a late adopter of previous industrial revolutions, the 4th Industrial Revolution presents unique opportunity, where the lack of established systems has become an enabling factor for easier adoption. It is this same opportunity that drove Africa’s recent mobile telephony and mobile money revolutions, where the absence of legacy infrastructure, rather than hampering, instead fostered the explosion of communication and more inclusive banking services.

He added that more global entities are looking at expanding their operations into Africa, and Africa should therefore prepare to receive and fully optimize this interest for its development. “With the right foundation for emerging technologies, we will have already done half the work of attracting the right interest to our nations,” he emphasized.

The President of Sierra Leone, H.E. Julius Maada Bio will attend and deliver the keynote address at the conference, which will be followed by an address by H.E. President Yoweri Museveni, and then a panel discussion with the audience on the conference theme, and how innovation can be harnessed to catalyze Africa’s transformation process.

The 2-day conference will host speakers and panelists from Uganda, Kenya and several African nations as well as others from Europe, the United States and Asia. It will also feature one of the largest tech exhibitions which will showcase the different unique technology innovations and developments and is garnered to be a highlight of its own.

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Local Business

Nile Special Stout now Rugby Sponsors

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By Reporter

With the Rugby Premier League kicking off today Friday 29 November with the first night game between the first and second clubs, we learned that the league has a new sponsor in the all new Nile Special Stout. 

At a press briefing Thursday at the Kyadondo Rugby Club, the new Stout from Nile Breweries unveiled a mouth-watering UGX670M sponsorship package.

Speaking at the launch of the league, the president Uganda Rugby Union Godwin Kayangwe saluted Nile Breweries as solid partners and investors in the development of the game in Uganda given their decade-long partnership.

“We wholeheartedly welcome Nile Special Stout as the title sponsor of the League and are privileged that rugby has been selected as the anchor sponsorship. This is testament to the growth of the game as an entertaining spectacle. And while we will always have a special place for Nile Special, we will embrace Nile Special Stout on this new journey as we’ve launched our new ambitious strategy to make rugby the leading sport in the country. Thank you Nile Breweries for truly living the line “Number one fan of Uganda Rugby” and we pledge to give Nile Special Stout a great landing as it’s launched to the rest of the country,” said Mr. Kayangwe.

The Nile Special Stout brand manager Francis Nyende affirmed that even though the sponsorship has changed hands to the new brand, Nile Special Stout, the commitment to partnering rugby is as high as it’s ever been.

“Rugby is much more than a game. It’s a lifestyle, a livelihood for some, an entertainment for many and a proud flag bearer of our country. As a bold, dark and satisfying liquid, we share certain intrinsic values with rugby players and fans and as the first and only stout crafted in Uganda, Nile Special Stout is proud to partner with such a great property that consistently flies our flag high and proud.” said Francis.

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Exim Bank launches Prepaid Cards

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Exim bank introduces Prepaid Cards.

By Our Reporter

Exim Bank has launched a new banking solution aimed at driving financial inclusion and bolstering the cashless economy. The new product, a Visa Prepaid Card, was unveiled on Friday during a launch ceremony held at their head offices along Hannington road in Kampala.

Addressing guests, Mr. Sabhapathy T. Krishnan, the CEO Exim Bank Uganda said, “the Visa Prepaid Card is a journey we have undertaken at Exim Bak today as we strive to bring convenience and digitize the Ugandan economy by making it cashless and enabling financial inclusion of the unbanked.”

He further revealed that the prepaid card is just one of the many steps they have undertaken in the last 12 months towards digitization of transactions and bringing convenience to their customers.

“We have expanded our branch network, launched agency banking and also introduced mobile and internet banking in the past one.This is in a bid to bring experiences available in other parts of the world to our customers.” Mr. Sabhapathy added.

Prepaid Cards combine the convenience of a credit or debit card, but allow you to set your spending limit according to your budget. The cards are available to everyone, regardless of credit rating, income, or whether or not you hold an EXIM Bank account.

The payment platform for the cards will be the Visa network and transactions will be authorized online, real time with no risk of unauthorized overdraft as customer can only make use of funds they have already paid for.

The card can be used to transact globally and supports transactions in upto five currencies including UGX and USD with the card ceiling being UGX 25 Million or USD 15,000.

Moses Watasa, the commissioner of information dissemination monitoring and inspection at the Ministry of ICT and National Guidance, who was also guest of honor commended Exim Bank on the innovation and noted that it will go a long way in encouraging financial discipline.

“We have 6.5 million internet users in Uganda today, and that figure is projected to grow by 50% by 2025. Therefore the launch of this innovation is very timely,” Moses Watasa noted, adding that, “this is a good innovation that will promote financial discipline and facilitate a saving culture with in the country. Saving encourages investment which in turn leads to growth of the economy.”

To register for the Prepaid Card, the customer is required to complete an Application Form and provide a valid National ID for Ugandan Citizens/Passport for foreigners as well as one passport size photo.

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Centenary Bank rewards Kampala’s first winners in trolley bash shopping bonanza

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Mrs. Beatrice Lugalambi (4th L), General Manager Corporate Communications , and Marketing at Centenary Bank, poses for a photo with CenteChrismas Trolley Dash Shopping Bonanza winners, and Centenary Bank Staff. This was during the reward of the 1st batch of Kampala Trolley Dash winners.

Mrs. Beatrice Lugalambi (4th L), General Manager Corporate Communications and Marketing at Centenary Bank, poses for a photo with CenteChrismas Trolley Dash Shopping Bonanza winners, and Centenary Bank Staff. This was during the reward of the 1st batch of Kampala Trolley Dash winners.

By Our Reporter

Centenary Bank continues to broaden its banking services with the aim of offering Ugandans convenient banking experiences through its alternative digital banking services.

While addressing the media at the Trolley dash held at Capital Shoppers Nakawa in which four customers were announced winners, Ms. Beatrice Lugalambi, the General Manager Corporate Communications and Marketing at Centenary Bank said that, “we are pleased to be rewarding four winners from our 1st batch of Trolley Dash Shopping Bonanza winners from the Central region. The Central region constitutes the biggest percentage of our customers, and we ought to give back to them, while delivering an enjoyable digital baking experience, all for their benefit”.

“In line with our current festive season slogan at the Bank ‘Christmas has come early’, which rhymes with our promo, customers who use our alternative banking channels; CenteMobile, CenteVisa and CenteAgent to carryout transactions at least three times a week will be rewarded throughout the promo duration,” Lugalambi added.

So far, over 300 customers through the promo have won cash, Gift Hampers and Trolley Dash Shopping Bonanza’s across the country in Mbale, Arua, Fort Portal, Mbarara and Masaka. Winners of the Trolley Dash Shopping Bonanza at Capital Shoppers Nakawa include; Mr. Kayongo Daniel, Ms. Phiona Kesiime, Mr Charles Wamalia, and Ms. Esther Adeke,

The CenteChristmas promo which was launched on November 05th, 2019 will run until December 31st, 2019. To stand a chance to win, bank customers will need to use the services at least thrice a week.

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