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UBA Group expands banking operations to the UK

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By Our Reporter

Three weeks after the UBA group launched its operations in Mali, the global financial city of London hosted a high level gathering of business and public sector leaders on Thursday February 28, 2019, as the new UBA franchise, UBA UK was formally birthed in the United Kingdom amidst high expectations.

At the upscale ceremony which was held at The Prestigious Shard in the city of London, UBA UK was formerly introduced to business leaders across Europe and Africa with a commitment from the UBA Group of its readiness to galvanise trade and commerce between Europe and Africa.

The formal launch is sequel to the authorization of the Prudential Regulation Authority(PRA) and the Financial Conduct Authority(FCA) for UBA UK Limited to carry out full scale wholesale banking across the United Kingdom.

With this launch, UBA Group further consolidates its unique positioning as the first and only Sub-Saharan African financial institution with banking operations in both the United Kingdom and the United States, thus reinforcing its strong franchise as Africa’s Global Bank, facilitating trade and capital flows between Africa and the world.

Speaking at the event, the Group Chairman, Mr. Tony Elumelu said the Group is excited by the authorization of the relevant regulatory authorities in the United Kingdom for UBA to upgrade its operation and further fulfil its aspiration of deepening trade and investments flows between Africa and Europe.

“The enhancement of our business in the United Kingdom is very timely and mutually beneficial for African and European corporates as well as respective governments. With the British and other European governments seeking new and improved measures to grow trade relations with Africa, we are enthusiastic on our positioning and capabilities in supporting corporates and government institutions to fulfil these lofty aspirations, which we believe are pertinent for the sustainable growth of both continents.”

Elumelu expressed that he is extremely pleased as UBA is living up to its mantra of being Africa’s global bank and positioning itself to support investors in key financial centres across the world.

Also speaking at the event, The Group Managing Director/CEO, Mr. Kennedy Uzoka, said “Simultaneously, we are serving the trade and capital needs of our African customers, who are seeking exposure to the European markets. With the upgrade of UBA UK Limited, we are excited to deepen our support to existing customers whilst also providing the leverage for new customers to effectively fulfil their cross-border transactions through UBA Group’s network.”

On his part, the CEO, UBA UK, Mr. Patrick Gutmann, said; “We are now on a stronger footing, as the authorization of the PRA and FCA for an enhanced business model affords us the opportunity to swell our capital and balance sheet as well as the broader UBA Group’s network across Africa. We welcome our existing and new customers to this new world of borderless opportunities, as we creatively serve our customers in meeting their international transaction needs.”

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Local Business

Over 400 Kampala women entrepreneurs undergo business training

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Businesswomen at the dfcu Bank Rising Woman Initiative training in Kampala.

By Our Reporter

Over 400 women entrepreneurs have benefited from a business training in Kampala organised by dfcu bank in partnership with Daily Monitor and Uganda Investment Authority. This marks the climax of a series of Business trainings that have been running across the country under the Rising Woman Initiative regional tours in Western – Ishaka, Eastern – Mbale, Northern – Gulu and Central Kampala mentoring women in business in fields such as business basics, business planning and enterprise management skills (Marketing skills, Communication, Recordkeeping and finance. A total of of over 1,200 women have benefited from these trainings. This brings to 2,700 the number of women who have been trained under the Rising Woman Initiative that’s currently in its second year.

The initiative is aimed at recognising and rewarding a culture of mentorship among women in Business in Uganda. This initiative is running for a second consecutive year will see over 100 women showcasing their products and services at an Expo that has been organised for Friday 15th and Saturday 16th November 2019 at Hotel Africana starting at 9:00 am.

The Expo is a culmination of the 2019 Rising Woman Initiative launched on June 19th 2019. The 2019 Expo will provide an opportunity for women-owned business and entrepreneurs to share knowledge and move their business forward. Over 200 exhibitors and attendees are expected to attend the two-day Expo. The women entrepreneurs have also been offered an opportunity for their businesses to be profiled and advertising space in selected media.

According to Victoria Byenkya Head of Women in Business program at dfcu, women-led businesses often fail due to diverse challenges but on top of the list is lack of information, financial constraints, social barriers and skill set gaps. Through these trainings, these gaps are being bridged at a free cost thereby working at creating an enabling environment for women entrepreneurs to flourish.

Joan Akumu who runs a confectionary business said “Marketing has always been my challenge since I am a sole entrepreneur. I do my work from home and I have to market it myself. This training has exposed me to better practices and I believe I will stand out once I implement this knowledge.”

According to Esther Kisaakye a Health and Nutritionist Marketer, who attended the training, it’s easy to forget the most essential things when running a business. “This training has reminded me and I have also learnt the business principles that I need to take my business forward. I enjoyed the training especially the part about the 7P of business.”

As part of the initiative, over 95 businesswomen participated in proposal writing. The top 3 winners will win UGX 15 million, 10 million and 5 million respectively and the overall top 10 will take part in an all-expense paid study tour to Nairobi.

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Local Business

MTN Foundation hands over blood storage equipment to Mbarara Regional Blood Bank

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By Our Reporter

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

The state-of-the-art blood refrigerator was handed over to the Parliamentary Woman Representative for Mbarara Municipality, Hon. Rosette Kajungu Mutambi in a ceremony held on Thursday at the Mbarara Regional Blood Bank in Mbarara district.

This follows the telecom company’s pledge in July when it availed UGX. 347 million to procure the equipment that comprises of an automated plasma extractor and 3 blood refrigerators. The automated plasma extractor that will be stationed at the Nakasero Blood Bank will be used for the processing of blood plasma to extract components of red and white blood cells, and platelets for the Nakasero blood bank.

The three refrigerators will be delivered to the regional blood banks based at the regional referral hospitals in Mbarara, Mbale and Arua.

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

“We are proud of this partnership with the UBTS and the Ministry of Health in complementing their efforts to make available this scarce resource of blood,” Mr. Mbasa said.

Speaking at the same ceremony, Dr. Andrew Byamungu, the principal Medical Officer at the Mbarara Regional Blood Bank noted that the refrigerators will address the issue of blood shortage that has been arising from inadequate storage facilities.

“In the past, we have been losing a lot of blood because of lack of adequate storage but that will no longer be an issue. We thank MTN for this refrigerator because it will enable us store blood and avail it to the hospital whenever they need it,” Dr. Byamungu said.

According to Byamungu, the Mbarara Regional blood bank serves 62 hospitals in sixteen districts in the western region of the country. He explains that blood is mostly consumed by anaemic children aged below five years, mothers after delivery, accident victims and other patients.

Mr. Gilbert Sande, the Head of Logistics at the Uganda Blood Transfusion Services said that with the new refrigerator donated by the MTN Foundation, Mbarara regional blood bank will be able to store more than twice the amount of blood they have been storing.

“We had storage capacity of 300 units. But now with the new refrigerator that stores over 700 units, we shall be able to have over 1000 units of blood at any one time,” Mr. Sande

While receiving the equipment, Hon. Kajungu 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 go a long way in addressing the blood shortage issues that arise from lack of adequate storage of donated blood to save lives,” Hon. Kajungu 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.”

Mbarara becomes the first regional blood bank to receive its equipment. Arua and Mbale are set to receive theirs in due course.

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Local Business

Boda Boda riders tipped on Road Safety

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By Our Reporter

As part of their safety agenda, Uganda Breweries Limited has trained Boda Boda riders in road safety awareness.

The training program conducted at the brewery in Luzira saw over 50 boda boda cyclists from the boda stages in Luzira receive training on road safety practices and given measures that will help keep them, their passengers and other road users safe on the road.

The safety training is part of a celebration to mark seven and twelve years of “No Lost Time Accident” at Uganda Breweries Limited and its spirits plant; International Distillers Uganda respectively.

An LTA (Lost Time Accident) is a type of accident that causes an employee to skip work for a day or more to pursue treatment. These kinds of accidents are common in places where heavy machinery is operated such as a brewery.
On average, Uganda loses 10 people every day in road traffic crashes, a 2018 UN road safety report on Uganda shows, costing the country $1.2 billion (about sh.4.4 trillion) annually.

According to the Uganda Police, over 50 percent of road accidents are caused due to boda bodas, with the highest numbers registered in urban centres like Kampala.

“We decided to carry out this training because road safety is an issue that affects all of us. As Uganda Breweries, we are firmly committed to ensuring that everybody that comes to our site goes home safe and we want to share these values with our community.” Joseph Kabwaama the UBL’s Health and Safety Manager said.

He added that they had started the campaign by training cyclists in Luzira because most of the UBL staff stay in the area and use boda bodas as a means of transport.

“We shall have more road safety awareness engagements around the country to increase road safety awareness and to help change boda boda cyclists attitude and behavior on the road, thereby indoctrinating a road safety culture among them.” Kabwaama added.

The boda boda cyclists who attended the training were urged to uphold safe practices and measures while using the road to ensure their own safety and that of their passengers.
They were also given safety gear that included helmets and reflector jacket and urged to always use the safety gear as it protects them from the dangers you face on the road daily.

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