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

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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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BigEye Money

Appraisal Feedback Tool: A must for every organisation

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By Staff Writer

In almost every organization millions of employees work and get paid as per their positions. As an employee they get paid for the job done but there are many other expectations of employees associated with companies. They are such as promotion, good position, hike in pay scale and many more. To meet these expectations the companies need to watch the work style and other attributes of the employees as per which they are rated and offered with perks and other benefits. This whole process is a part of appraisal and before going for the same one need to know what appraisal is and how the appraisal feedback works. 

Every company follows a different model as far as the employee relations are concerned. The same is the methodology for the appraisal system as well as feedback. In many organizations the feedback plays a vital role to rate a person which may be peer to peer or senior to junior feedback system. HR department also uses various models and tools for appraisal feedback as per the size of the organization and number of employees.  

Appraisal is the evaluation process through which employee’s performance is measured according to the work done by them. This tool provides the overall report of individual employee working for the organization. This tool provides the feedback on the basis of the employee behaviour, time consumption to complete a task, time taken to accept the challenge etc. This tool saves a lot of time of the HRs as well as of the managers and now they can give a good amount of time to the organization as well for themselves too.

Need for this Tool?

The need for appraisal feedback tool is becoming a day to day basic need for every organization. This tool is used by the organizations so that there could not be any bias decisions taken by the manager’s as well as by the HRs, because in many organizations they used to have relations with some of the employees in depth because of which the other employees faces problems during their appraisal time.

The second big advantage of this tool is that it could provide the feedback about the learning behaviour of an employee on the basis of the training provided for duration of time period. In simple way we can understand that it let the organization know the overall development of an employee and according to the employee development what would be the future of the organization with its employee’s.

Importance of Appraisal in Industries

360 degree performance appraisal is important for both the employee’s and organization, as during the appraisal period the organization could know that either the employees who are working for them are going good or not, are they making profit for the organization and will the organization get growth in future by keeping them in the organization. The second benefit for organization is that it learns about the overall development of the employee according to the training provided to the employee’s.

Appraisal is more important for the employee’s than the organization because they are doing their job and giving more and more efforts to get the name for the promotion in their department. It is not possible for an employee to be at the same designation for all its life mostly recommended for the candidates who are new to the corporate world. If the employee is getting its appraisal at the right time then he/she gets energized again to do their work with full motivation and dedication and this could be the benefit for the organization to grow consistently.

Advantages of Appraisal Tool

  • No bias Decisions during Appraisal: with the use of this tool in most of the organization the transparency is maintained in the process in the process of the appraisal. No employee gets the benefit of having relatives in an organization because of which every employee is evaluated on the basis of their performance.
  • Bridges up the Training Gaps: After collecting the feedback of each and every employee from their colleagues the collected data is now goes under the analyses process and in this process the feedbacks are compared to each other and after completion of this process a final report of every employee is generated and on the basis of this report the appraisal of the employee’s is done.
  • Employees could know about their own lacking points by going through the report generated and they could improve their performance for their appraisal in future.
  • Employers could also know about the overall development of the employees working for them, and could hire new candidates over the old ones.

Disadvantages of Appraisal Tool

There are other disadvantages of this tool like many the employees would not accept the feedback report provided by this tool as they work in a team and no one want to see him/her go downwards and takes its positive side towards negative. So below are few disadvantages about the Appraisal tool.

  • Conflicts on positive feedback: In almost every industry there are managers who are not satisfied with the positive feedback provided by this tool because managers have their own conflicts with some of the employees and they do not wants the employee to get the appraisal.
  • Conflicts on suggestions: Sometimes the feedback generated by the appraisal tool makes many of the employees take the negative thoughts for the mangers as well as for the organization which could be frustrating for the employee but some of the employees does not takes this suggestion in the positive way and improve their performance in future to get the better appraisal. 
  • Wrong intentions: There are many employees who talk the positive about you and roam around you to get at the safe side but the ugly truth is that at your back they are trying to downgrade you because they do not wants you to see above you at any cost, so they provides the negative feedback of each other and the wrong feedback report is generated for the employees and their appraisal holds back. 

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Local Business

MTN Foundation donates Advanced Blood Storage Refrigerator to Arua Regional Blood Bank

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By Our Reporter

MTN Uganda Foundation has officially handed over a blood storage equipment to the Arua Regional Blood Bank under the Uganda Blood Transfusion Services (UBTS). This is in a bid to address the issue of blood shortage born from inadequate blood storage facilities.

The Arua Regional Blood Bank serves 3.38 million people including 815,000 from South Sudan living in the 9 districts of West Nile. However, the facility is faced with a challenge of blood storage.

To alleviate this challenge, a state-of-the-art blood refrigerator was handed over to Hon. Dr. Joyce Moriku, the State Minister for Primary Health Care in a ceremony held today at the regional blood bank in Arua district.

Even when the blood is collected, proper storage of the blood remains a challenge in many facilities. Statistics from World Health Organisation (WHO) indicate that Uganda has an annual demand of about 340,000 units of blood but falls short by over 100,000 units. Last year, only 240,000 units were collected against the country’s target of 340,000 units.

As a result, MTN Uganda committed to step in, investing UGX 347 million shillings to procure equipment that includes; an automated plasma extractor and three refrigerators. This year, the Uganda Blood Bank is aiming to collect 300,000 units of blood.

While the automated plasma extractor is stationed at the Nakasero Blood Bank, the blood storage refrigerators have been delivered to each of the three respective regional blood banks.

Arua is the third regional blood bank to receive its equipment after Mbarara and Mbale Regional blood banks which received their refrigerator early this month.

While handing over the equipment, Mr. Bryan Mbasa, the Acting Senior Manager, MTN Foundation reiterated that MTN Uganda is committed to supporting the Government of Uganda’s goal of meeting the Global Sustainable Development Goal No. 3 which aims at ensuring healthy lives and promoting well-being for all, at all ages.

“We are proud of this partnership with the Uganda Blood Transfusion Services and Ministry of Health in ensuring that Ugandans have access to enough blood and blood components across the country,” Mr. Mbasa said.

While receiving the equipment, Hon. Moriku, who was also the guest of honor thanked the MTN Foundation for working together with the government for the good of the people of Uganda.

“Thank you MTN Foundation Uganda for this equipment. It will address the blood shortage issues that arise from lack of adequate storage of donated blood to save lives,” Hon. Moriku said, “The MTN Foundation has shown its passion for maternal health. By supporting safe blood storage, more mothers will be saved since more blood will be available, thanks to this initiative.”

Dr. Isaac Atiku, the Arua Regional Blood Bank In-charge noted that the additional refrigerator from MTN will enable them store more blood than before.

“Out of the 2000 units of blood collected every month, we were only able to store 1400 units, therefore, with this state of the art blood refrigerator, we shall be able to store an extra 720 units of blood,” said Atiku.

Dr. Grace Otekat, the principle Technologist in charge of all the regional blood bank laboratories in the country noted that by supporting the facility with an additional blood bank, the MTN Foundation has saved them daily trips to Kuluva hospital every day to store and collect blood.

“Blood is a very delicate substance which without proper storage, becomes poisonous to the body. So because of our limited storage capacity, we used to store some of our blood at Kuluva hospital, a private facility about 9kms outside Arua Town. A number of times, the blood got destroyed due to these movements,” Otekat said.

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Local Business

Uganda Breweries launches Ugx 10 Billion Water Recovery Plant

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L-R: Uganda Breweries Supply Chain Director Anthony Njenga(L) and The Permanent Secretary Ministry of Water and Environment Alfred Okot Okidi (R) during the commissioning of the water recovery plant at UBL. Looking on is the  EABL Group Managing Director Andrew Cowan and UBL Managing Director Alvin Mbugua (Extreme Right)

Uganda Breweries Supply Chain Director Anthony Njenga(L) and The Permanent Secretary Ministry of Water and Environment Alfred Okot Okidi (R) during the commissioning of the water recovery plant at UBL.

By Our Reporter

As Urbanization puts more strain on existing water sources and bodies, Uganda Breweries is looking for ways to reduce the amount of water they use in their production processes. As such, Uganda Breweries Limited has announced the launch of a Water Recovery Plant worth over 10 billion Uganda Shillings.

Speaking at the launch of the recovery plant, the Uganda Breweries Managing Director Mr. Alvin Mbugua said that this plan is a Strategic investment to deliver Diageo 2020 Water targets of reducing water consumption by 50% vs the 2018 baseline when the brewery was using 4.9 litres of water per every litre of beer. “Uganda Breweries, a subsidiary of Diageo has adopted this ambitious goal to ensure that as a company, being mindful of the scarcity of water as a commodity frugally minimise the amount that we already use. We aim to achieve continuous improvement in environmental performance, concentrating our efforts on areas of greatest impact at our manufacturing and distribution points. Our company’s stringent environmental policy ensures that all our facilities are challenged to keep improving their performance in these areas.” he said.

The Water recovery project offers treatment capacity of 1000 m3/d water from the Effluent Treatment Plant with ability to deliver 80% permeate recovery. The water is to be treated according to the UBL specifications for general purpose use.

At usage efficiency of 3.2L/L from the current 4.3L/L, the Effluent Water Recovery shall improve efficiency to 30% at minimum use and to 80% at maximum use clocking 2.6L of water per liter of beer by 2020.

Water Recovery is the process of converting wastewater into water that can be reused for other purposes. Reuse may include irrigation of gardens and agricultural fields or replenishing surface water and groundwater. At Uganda Breweries Limited, the recycled water will be used for general purpose cleaning of the plant.

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