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

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By Our Reporter

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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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Celebrity Gossip

Kawempe blesses Chameleone for new political journey, declares self independent candidate for Mayoral race 2021

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Celebrated singer Jose Chameleone aka Joseph Mayanja today started his journey to his political career. On 8th April the singer in a press conference announced he had intentions to run for Mayor ce 2021.

This morning Joseph Mayanja started his journey with a visit to his birthplace in Kawempe where he did general cleaning in Kawempe market before he played soccer with natives.

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Joseph Mayanja then addressed residents and made his intentions for Mayoral race more clear. “I started my music journey here and you were the first people to support and push harder. Today I begin a new journey and I seek your blessings like you did with my music journey 20 years ago.” Chameleone said.

Joseph Mayanja has over time stressed he doesn’t hold any political card as he is an independent candidate. “I do not belong to any party, I am independent.”

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Local Business

Kabira Country Club to host Easter Carnival

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By Our Reporter

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The Easter holiday is upon us. In the spirit of Easter celebration, Kabira Country Club is organizing a mega Easter Carnival slated for Saturday, April 13th.

Dubbed “Kabira Easter market”, it will be a fun-filled affair featuring an artisan market with over 100 vendors and lots of entertainment including a live band. There will also be plenty of kids’ activities like face painting, egg treasure hunt, and full access to a playground fitted with jumping castles, swings and more games.

The event is free entrance and gates will be opened mid-morning.

With 95 luxurious guest-rooms and exceptional amenities, Kabira Country Club offers a perfect getaway for relaxation.

“Whether your stay is for business or pleasure, Kabira Country Club has all you could possibly need in a modern, comfortable hotel, situated in a wonderful location.” Vismay Maniyar, the general manager of Kabira Country Club noted.

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BigEye Money

itel Launches its Latest Power Series Smartphones itel P33

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By Staff Writer

itel, a leading and reliable mobile phone brand, today has unveiled the launch of its latest Power series smartphones P33 in Uganda today. Building on the premium legacy of long-lasting battery performance, the itel P33 embodies a revolutionary battery setup with the industry-leading technologies that takes smartphone battery experience to a whole new level.

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AI Power Master to Ensure Your Power in Control
itel P33 comes with 4000mAh separately to provide longer browsing experience. This device is available for 80 hours normal use, 22 hours continual 3G phone call, 350 hours standby with sim card*. Thanks to the advanced AI Power Master, which help to control P33’s power consumption in many scenarios automatically without bothering the users, now users do not need to worry about running out of battery and frequent charging. Furthermore, the power saving mode intelligently adjust the phone performance (WLAN. Bluetooth, data, display brightness) and apps to extend battery life by 35% at most.

Big Memory for More Storage
P33 expanded its ROM from 8GB to 16GB, increased 140% compared to P32. The P33 has more than 12GB free space for users to keep photos, videos and install more apps, thanks to the optimized AndroidTM OreoTM (Go edition) operating system with its light pre-installed apps.

Double Security to Protect Your Privacy
Additionally, itel P33 comes with face unlock and fingerprint sensor to secure your privacy. Compare to P32, now the P33 fingerprint quick access functions have been upgraded from 5 functions to 8.

itel P33 comes with a vibrant range of colors including the new fashionable blue color.

Lindah Nakityo Kasasa Digital Marketing / Communications Manager, itel mobile Uganda, said:
“With the newly unveiled itel P33, itel Mobile is committed to providing best-in-class smartphones for everyone that offers more value with cutting-edge technology, features, and style but at a very friendly price. The itel P33 is extending the reputation of an exceptional value proposition that no mid-range flagship smartphone can match, and we are confident, this device will not just raise the bar but will satisfy our consumer’s need of a long-lasting battery to the fullest.”

About itel
Established in 2007, itel is an entry level and reliable mobile phone brand for everyone. Adopting “Join ( Enjoy” as its brand philosophy, itel’s mission is to provide budget-friendly mobile communications technology to everyone. It democratises technology by giving entry to technology and connectedness to consumers without prior access to it, allowing them to get closer and benefit from their social connections. After more than 10 years’ development, itel has expanded its presence in around 40 emerging markets globally. itel has a product portfolio of smartphones, tablets and feature phones and in 2017, it achieved a landmark sale of more than 77 million devices globally. African Business, an authoritative business magazine in Britain, has ranked itel 16th in the 2017/2018 TOP 100 MOST-ADMIRED BRANDS IN AFRICA ranking. For more information, please visit: http://www.itel-mobile.com/global/

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