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Tony Elumelu Foundation highlights relevance for entrepreneurial led economic growth in Africa

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Uganda has been through a lot in the last 34 Years. Find out here

By Our Reporter

At a time when Europe’s relationship with Africa is high on foreign policy and developmental agendas and with the European Union beginning to deliver on its 2017 External Investment Plan, targeted at attracting investment and job creation in Africa, the Tony Elumelu Foundation brought together leading stakeholders in the development finance sector, at a case study session in the EU capital, Belgium. The convening demonstrated that Africa also had solutions to bring to the table and platformed the Foundation’s unique approach to catalysing entrepreneurship in scale across the continent.

Themed “A Convening on Africa’s Economic Transformation: A Case Study of the Tony Elumelu Foundation”, the event presented the results of the first five years of the Foundation’s Entrepreneurship Programme a unique programme, which has trained, mentored and seeded 4,470 African entrepreneurs with 3,050 newly announced to receive seed funding, and drawn over 200,000 applications to its 2019 cycle. Tony Elumelu’s $100m investment in entrepreneurial philanthropy was held up as an example of how vital capital could be targeted efficiently and effectively, at African businesses best able to create significant economic and developmental impact.

Opening the event, Mr. Koen Doens, Deputy Director General, DEVCO, EU, said: “Africa needs to create jobs by the millions to match the needs of its exponentially growing population. It will achieve this only if it unleashes a generation of empowered entrepreneurs. The Tony Elumelu Foundation contributes to this massively. The European Union wants to play its part and contribute to this endeavour.”

During an indepth question and answer session with EU-Africa relations expert, Annie Mutamba, Founder, Mr. Tony O. Elumelu CON, highlighted the
growing interest in the Tony Elumelu Foundation and its unique approach, while welcoming a new type of intervention in Africa. “We very much believe in collaboration, mutual respect and a shared commitment to transform Africa. Africa is ready but we need to do this through the right sustainable manner, that enables our people to become self-reliant, and independent, instead of perpetuating dependency. We need to implement practical solutions on ground through entrepreneurship, which empower people economically and addresses issues of extremism, migration, and insecurity.”

Minister Phillippe De Backer, Minister for Digital Agenda, Telecommunications and Post, Belgium, also commented: “There is an increasing desire in Europe to engage Africa, including its grassroots in a structure and targeted approach with the right processes. The Tony Elumelu Foundation offers this platform.”

The Tony Elumelu Foundation, which last month in March announced 3,050
selected entrepreneurs for its 2019 cycle, continues to grow in scale, ambition and impact, and now actively leverages technology to support entrepreneurs through TEF Connect – a digital hub designed to link entrepreneurs across Africa, and which already has 500,000 users.

On the Foundation’s future plans, he stated: “We want to make sure that we impact more, reach more, touch more lives and get more women involved. We want to see more Northern Africa participation. We would like to reach 10,000 a year, with support from partners to empower additional entrepreneurs. We want to eradicate poverty and create wealth in a sustainable way. Ultimately, we want a larger and broader entrepreneurship ecosystem, that supports young Africans, and we want to deepen our engagement with government to create the enabling environment to support these Africans to succeed – the right investment climate, training, education, access to capital and most importantly creating the right investment culture.”

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Local Business

NSSF collects over 8000 units of blood in national donation drive

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Uganda has been through a lot in the last 34 Years. Find out here

NSSF Managing Director Richard Byarugaba donates blood during the launch of this year's week-long NSSF blood donation drive.

NSSF Managing Director Richard Byarugaba donating blood at the recently concluded blood donation drive launch that took place at the NSSF Head Office at Workers House.

By Our Reporter

National Social Security Fund (NSSF) in the recently concluded 6-day blood drive managed to collect 8887 units of blood across the country, this was 88.8% of the set target of 10,000 units.

The blood donation centers around Kampala collected 4,031 units in total while the upcountry donation points managed to collect 4,856 units throughout the six-day campaign.

The top three upcountry districts that collected the highest units of blood were; Mbarara which collected 659 units, Masaka collected 535 units and Hoima which managed to collect 380 units of blood.

This year’s NSSF National Blood Donation Drive which was launched at their head offices at Workers House in Kampala ran under the theme “Stand Up for Life” from Monday 13th to Saturday 18th January 2020.

The NSSF Managing Director Richard Byarugaba during his remarks at the launch mentioned that their target this year was collecting 10,000 units of blood which is four thousand units higher than the previous year, where they successfully managed to hit and go above their 6,000 units target.

These units of blood that have been collected are going to relieve the Uganda Blood Bank which is the official blood supplier of blood in Uganda on the current blood shortage. The blood bank is always expected to have blood available for the different hospitals and health facilities nationwide that need an average of 1,250 units daily.

NSSF’s annual blood donation drive partnership with the Uganda Blood Transfusion services is a move that seeks to reduce the gap of blood shortage in the country during the months of December and January when school institutions are closed for the long holidays.

It is also a plea to the public countrywide to join hands for a greater cause by encouraging every eligible person in the public to adopt a culture where blood donation becomes part of their lives through donating regularly to save a life.

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Local Business

Guinness Smooth officially launched in Uganda

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Uganda has been through a lot in the last 34 Years. Find out here

Guinness Smooth officially launched in Uganda

By Our Reporter

Uganda Breweries Limited introduced their new Guinness variant Guinness Smooth in a luxurious ceremony held at the Kampala Serena Hotel gardens on Saturday.

During the launch, the Guinness Global Master Brewer Peter Simpson who played a major role in the making of Guinness Smooth took the invited guests through the four Flavour Rooms that speak to the character of the new beer.

The rooms included the Bittersweet Room, the Bold Room, the Rich Room and the Refreshing Room where consumers were let in on the sight, flavour, feel and taste of the new beer.

They were taken through the perfect serve for a Guinness Smooth, tasting and appreciating the perfect balance of sweet (butterscotch and toffee flavours) and bitter, and also smelling the chocolatey-coffee aromas and rich notes from roasted barley.

Speaking to guests, Mr Simpson commended Ugandans’ love for the famous black liquid and couldn’t hide his excitement about people finally tasting a product that he has worked on with Ugandan brewers for a very long time.

“I cannot mention how proud I am that you all get to taste Guinness Smooth today. It is every brewer’s dream to see people taste his creation,” he said, before imploring guests to toast to Arthur Guinness who first brewed the world-renowned beer in 1759.

Sheebah entertains guests at the Guinness Smooth launch

Sheebah entertains guests at the Guinness Smooth launch.

UBL’s Marketing Director Juliana Kaggwa noted that people have different palates and Guinness Smooth is a variant that maintains the full-bodied character of Guinness, though with bitter-sweet undertones.

“Brands that don’t innovate don’t survive. 261 years and counting, this is the first innovation extension or variant of brand Guinness in Uganda. This right here is history in the making,” Juliana Kaggwa said at the event. “We are giving young vibrant millennials an opportunity to join the family of Guinness through a variant called Smooth. The brand is smooth and therefore easy on the tongue.”

The night was crowned with performances from Uganda’s very own soul star Maurice Kirya and Sheebah Karungi, before Deejay Mary Jo took over the turntables to keep the party going till late.

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Local Business

Western Union partners with Airtel to enable customers receive funds directly on Airtel money account

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Uganda has been through a lot in the last 34 Years. Find out here

An Airtel Uganda customer care advisor attends to a customer at the company's Premium shop at Forrest Mall

An Airtel Uganda customer care advisor attends to a customer at the company’s Premium shop at Forrest Mall.

By Our Reporter

Airtel Africa, a leading provider of telecommunications and mobile money services, and Western Union, a leader in cross-border, cross-currency money movement and payments, have announced a strategic agreement to offer Western Union’s cross-border capability via the Airtel Money wallet, enabling customers to move money in real-time across 14 countries in Africa.

The collaboration with Airtel Africa will enable more than 15 million Airtel Money mobile wallet users in Nigeria, Uganda, Gabon, Tanzania, Zambia, DRC, Malawi, Madagascar, Kenya, Congo, Niger, Tchad, Rwanda and Seychelles to simply route any money transfer received from across the world into their wallets. The service will allow users to send and receive Western Union Money Transfer transactions using their Airtel Money accounts. They can also use the funds to pay bills and merchants, top-up airtime and send money domestically and internationally. Service launch is expected in the course of 2020.

Global senders will also be able to direct international money transfers to Airtel Money mobile wallets using Western Union’s digital services in 75 countries plus territories, or the walk-in agent network across more than 200 countries and territories.

“Western Union’s unique ability to partner with a growing base of tech leaders is helping Africa to connect to the global financial system and enables African companies like Airtel to pursue their global ambitions. It also drives financial inclusion and improve last mile access for millions of unbanked Africans to financial services,” said Western Union President and CEO, Hikmet Ersek.

“Sub-Saharan Africa is leading the way globally in mobile money and digital technology and is allowing the continent to leapfrog traditional barriers to development and accelerate economic growth. We are delighted to be part of this success story by leveraging our inclusive omnichannel approach and core assets – including global settlement capabilities, network, compliance and technology systems – to enable international cross border money transfers and payments,” Ersek said.

Raghunath Mandava, CEO of Airtel Africa, said, “We are very excited to partner with Western Union to offer Airtel Money customers better access to one of the world’s largest money transfer organisations. International remittances into Africa are a lifeline to some of our customers. This partnership will give our customers the convenience and security of directly receiving and sending remittances from their Airtel mobile money wallets. They will now be automatically credited and debited via their Airtel mobile money wallets on their phone and can immediately access the funds to pay bills or merchants and transfer funds to family and friends or convert to cash from the widespread Airtel Money agents, kiosks and branches.”

This tie up with Western Union adds to other tie ups that Airtel Africa has already put in place to help customers get inflows from across the world.

Sub-Saharan Africa is a home to the world’s largest free trade area and a 1.2 billion-person market, the continent is poised to create an entirely new development path harnessing the potential of its resources and people, according to the World Bank 1 . GSMA 2 project that in 2025, there will be nearly 6 billion unique subscribers, 5 billion mobile internet users and adoption of smartphones will reach nearly 80%.

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