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Technology shaping Africa’s financial sector – DHL boss

Sumesh-Rahavendra-dhlThe financial services industry in Africa is rapidly evolving as a result of advancing technology, in the process fueling innovation and growth in the sector.

Sumesh Rahavendra, Vice President of Sales for DHL Express Sub Saharan Africa, says the burgeoning middle class and abundance of SMEs in Africa present great opportunities for financial services companies to provide retail banking services to individuals and trade finance to SMEs.

“We see SMEs as the engine for growth in Africa and the lack of access to finance can often hinder their development. With one of the fastest growing middle classes in the world, there is a wave of consumerism for all types of goods and services such as FMCG, electronics and pharmaceuticals,” Rahavendra says.

The future shape of financial services in Africa 2015(1) report by PwC describes the sector as a marketplace without boundaries. It explains that compared to global markets – where the outlook for financial services is more solid – the risk of disruption in traditional African financial services market has triggered the need for entities to reassess their strategies.

“While most international banks are moving towards e-commerce, in Africa, a number of local banks still share information and conduct business with hard copy documentation,” adds Rahavendra.

An Accenture report titled African financial services come of age, suggests a promising future for the region’s banking sector. It reveals that the development of consumer payment networks took years to become fully functional in mature economies, while many countries in Africa are now beginning to expand their traditional payments infrastructure to adapt to new international standards.

“The local retail banking sector is increasingly making use of new technology such as ‘Mobile Money’ platforms. Consumers have started to move away from physical cards, instead relying on their mobile phones to conduct day-to-day banking transactions,” Rahavendra notes.

He says DHL’s expansion into Africa in 1978 was fuelled by the financial sector, adding that the resultant improvements still shape their service delivery ideals as the sector grows.

“As the only logistics company to be present in every country and territory in Africa, we not only have front row seats to witness the impressive growth of the sector, but are fortunate enough to work with some of the largest and emerging financial institutions on the continent and play our part in their growth story,” Rahavendra says.

 

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Anti-Tobacco law is a welcome development

Parliament has passed the Tobacco Control Bill into law amid jostling by both the anti-smoking campaigners who cite the health damage caused by smoking, and the industry players who aver that cigarettes contribute greatly to the national purse.

According to health statistics, over five million people die from tobacco related ailments per year, making cigarette smoking one of the deadliest death traps.

As a result, several countries around the globe have enacted tough anti-smoking laws at the workplace and in other public places like stadia.

So, in light of the dangers caused by cigarette smoking, it is quite instructive that our Parliament has joined the fray and reinforced the previous ‘feeble’ anti-smoking law, in a bid to protect the people of Uganda from this preventable death trap.

Also important to note is the fact that the age limit has been stepped up from 18 to 21 years, meaning our youth will now not be duped into joining the ‘smokers clubs’.

And, talking about age and weak law enforcement, it is now no longer surprising to find youthful people in Uganda, seemingly aged below 18 years of age, engaged imbibing harmful alcoholic drinks like the sachet-packed liquors that have flooded the market.

Indeed, if Ugandans are to benefit from the newly passed tobacco control law, there is need for stricter enforcement of rules and regulations by watchdog institutions like the Uganda Bureau of Standards (UBOS), the Kampala Capital City Authority (KCCA) and the police.

 

 

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Mourinho condemns Rafeal Benitez for Realmadrid’s demise

Mourinho condemns his successor Rafeal Benitez for Realmadrid’s demise.

 

Mourinho condemns his successor Rafeal Benitez for Realmadrid’s demise.
Mourinho condemns his successor Rafeal Benitez for Realmadrid’s demise.

 

Chelsea coach Jose Mourinho has accused Rafael Benitez for Inter Milan’s poor performance. He said this after Benitez’s wife   teased her husband was “cleaning up” Mourinho mess at Real Madrid.

Just likeMourinho, Benitez once managed Chelseaand Real Madrid, though he never replaced Mourinho directly at both clubs.

“The wife is a bit confused; her husband went to Chelsea to replace Roberto Di Matteo and to Real Madrid where he replaced Carlo Ancelotti. The only club he replaced me was Inter Milan ,where in six months he destroyed the best team in Europe” said Mourinho after Chelsea‘s win over Barcelona in the International Champions Cup.

“If she takes care of her husband’s diet, shewill not have time to talk about me,” Mourinho added.

Seara Montserrat, Benitez’swife, seems to have started a snappy relationship between the two managers, who have been successful in their professions and last clashed when they were managers of Chelsea and Liverpool in turn.

Around five years and seven managers were at Chelsea between Mourinho’s departure from his first invocation as Chelsea boss in 2007 and Benitez taking over in 2012.

 

 

 

 

 

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Museveni advises Amolatar women on poverty alleviation

Delegation from Amolotar listen to President Museveni at State House Entebbe where he encouraged them to invest more in food security and education for their children.
Delegation from Amolotar listen to President Museveni at State House Entebbe where he encouraged them to invest more in food security and education for their children.
Delegation from Amolotar listen to President Museveni at State House Entebbe where he encouraged them to invest more in food security and education for their children.

 

Entebbe-President Yoweri Museveni has urged Ugandans to ensure food and income security through wealth creation projects that are cost effective to fight household poverty.

Addressing members of Amolatar Women Informal Enterprising Group, Museveni advised Ugandans to choose cost effective enterprises such as animal and poultry rearing, coffee and fruit production among other projects that can give them food and incomes security.

“You should know what you can do at your home that can make you earn more money and also have food security,” president Museveni told the group that was led to State House, Entebbe yesterday by the Amolatar Member of Parliament, Caroline Okau by the Amolatar Member of Parliament, Caroline Okau.

According to the Press Statement issued by the Presidential Press Secretary, Linda Nabusayi, Mr Museveni also urged parents to support their children to acquire skills that empower them to get employment.

“Education that enables one to speak English is good, but you must have skills in order to get jobs. Get skills that the society wants or can buy easily. Skills are a form of wealth as they enable people to get jobs and empower one to be wealthy,” he said.

He also warned the people against imbibing too much alcohol and having immoral life styles, saying they are an abuse of one’s health.

The President told the meeting that Uganda is now peaceful because of the capacity the National Resistance Movement has built, noting that currently there access to electricity, developed infrastructure such as road and ferry services, schools, and health centers, and pledged Shs288million towards the completion of various grain milling machines in Amolatar district.

The President also lauded faith-based groups, saying they are fully involved in the fight against poverty and urged Christians and Moslems to be role models in the wealth creation campaign.

The delegation pledged their total support to President Museveni in the 2016 general elections as their sole candidate. They also commended him for supporting the people of Amolatar district and the Women Group in particular.

 

 

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“Unfavourable” conditions might drive Di Maria from United

Angel Di Maria contemplating Manchester United.
Angel Di Maria contemplating Manchester United.
Angel Di Maria contemplating Manchester United.

A combination of circumstances led to Di Maria becoming unhappy and desiring for a move. As freshly as last Sunday, Van Gaal said he hoped the Argentine would stay, despite several confessions by the Dutch coach over the past year that it is counterproductive trying to keep unhappy players.

The fact is Di Maria’s victory was last in the game against Everton on October 5, Di Maria never scored agoal notuntil January 4, when United beat League One side Yeovil.

Argentina lost a friendly match 2-0 in October against Brazil in Beijing. To Di Maria who played the full 90 minutes the air quality was not good and temperatures were too high. After three days, Di Maria performed in the final 17 minutes of a friendly against the Hong Kong national side.

The trip was approximately 12,000 miles. For Di Maria who had not had any summer break because of international obligations and finishing the World Cup with a thigh injury, the long  East trip must have been physically challenging.

In addition, Louis van Gaal’s hunt for his greatest formation – and Di Maria’s best position in it – meant there was little consistency to his role.

In United’s first 16 games in South America Di Maria played in six different positions including central midfield and striker.

As reliability continued to demonstrateelusiveness, Di Maria’s contribution and not scoring seemed irrelevant; he shaped only three goals in four months between October 6, 2014 and February 10, 2015.

The pelvic injury kept him out of virtue all December.

A combination of fatigue, injury, lack of form and getting used to a new country, language difficulties could all have been playing on his mind on January 31, when thieves attempted to break into his house in Cheshire.

Though the intruders did not gain entry, they smashed a glass door and the mental impact on his wife, Jorgelina Cardoso, and the young daughter, was so great that they are now living in a city-centre apartment, which, while luxurious, is hardly perfect for family life.

While at the pitch Di Maria continued to slide and a send off in the FA Cup quarter finals loss to Arsenal on March 9, worsened it all. He was substitute in six successive games following his return fro suspension He started the final match of the campaign against Hull city only to get off with hamstringinjury 23 minutes after the match begun.

Di Maria did not join the squad in the United States on their pre-season tour while his future is thrashed out.

Paris St-Germain wanted him last year and is now out.

 

 

 

 

 

 

 

 

 

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Taliban leader ‘dead’

Mullah Mohammed Omar.
Mullah Mohammed Omar.

The leader of one of the deadliest Islamic militant groups, the Taliban, is not alive.

According to Afghan government sources, Mullah Mohammed Omar, 55, reportedly died about three years ago.

Reportedly a close associate of former Al Qaeda boss Osama Bin Laden, Mullah Omar, also known as the ‘Supreme Leader’ has had a bounty of US$10m issued by the State Department, following attacks on the Twin Towers on September 9, 2011, a dark day in the history of the US, commonly referred to as 9/11.

According to a biography released by the Taliban early this year, the reclusive Mullah Omar, a one-time leader of Afghanistan, has no known assets anywhere in the world.

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Museveni meets Total’s Vice President over oil pipeline

President Yoweri Museveni meeting Mr Javier Rielo Vice President of Total exploration and production Africa division at State House-Entebbe.
President Yoweri Museveni meeting Mr Javier Rielo Vice President of Total exploration and production Africa division at State House-Entebbe.
President Yoweri Museveni meeting Mr Javier Rielo Vice President of Total exploration and production Africa division at State House-Entebbe.

Kampala-President Yoweri Museveni has held a meeting with Jabier Rielo, Total’s Exploration and Production Africa Division Vice President East Africa over the development of a crude oil pipeline ahead of production in 2018.

Uganda is planning to build an oil refinery and a pipeline in the next three years to use in crude oil production available in 2018

According to reports, the Ministry of Energy is also due to sign oil production licenses with France’s Total and Britain’s Tullow Oil by the end of the year as it seeks to start commercial production by 2018.

The meeting was also attended by the Minister for Energy and Mineral Development Eng. Irene Muloni and the Permanent Secretary Ministry of Energy Mr. Kabagambe Kalisa.

 

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AMITY Child Uganda – education for all

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AMITY Child is one of the many charity organisations in Uganda today that reaches out to the youth particularly children who are vulnerable and in need of assistance. It ensures that these children are given a chance to make it in life mainly by focusing on their education.

Amity Child aims at ensuring that Uganda’s next generation is one that is educated, intellectual and innovative.

Located in Nakulabye near the Coca Cola depot, Amity Child Uganda was started by Danson Tushabe, 25, who is currently the administrator. Tushabe, like most children in Uganda today, grew up in rather dire conditions and found himself in need of help in order for him to attain an education. “ I too grew up rather needy and needed help, I got no help from the government because it was tricky to get sponsorship from the them; it involves a lot of politics.” Luckily for him an angel came in the form of the ‘Government of India’ which at that time was offering scholarships and when he applied he was fortunate enough to get one.

However, after studying IT at Makerere University, Tushabe didn’t find himself working for a prestigious company or organization like any average university graduate, instead the career path he chose was to reciprocate the empathy that was shown to him thus the birth of ‘Amity Child Uganda’, an idea the Tushabe thought about during his university days. “I actually started planning this organization even in my university days” and this he accomplished this by making partnerships with schools and institutions that offer bursary programs to students with financial difficulties.

Currently Amity with the exception of well-wishers who offer donations, is not funded by any outside sources but mostly relies on the co-operation of these various institutions among which are St. Charles Lwanga located in Kakiri-Wakiso district, Good Choice Nursery and Primary-Kireka and Kampala University in Ggaba. Amity offers a 50% scholarship to any child in need of help however they still go an extra mile for some of those few children who can’t afford it. Over the four year period that this organization has been running over 1230 individuals have either been through the system or have passed through it. Mr. Tushabe hopes that more children could learn about this organization. “We are aiming at sensitizing more of them, to inform more children about us especially those in slums.” When asked about the choice of name he said Amity means ‘friendship and goodwill’ and that the organisation aims at living up to the name.

Twenty three-year Mathias Atukunda, a beneficiary, completed his studies in Journalism at Makerere Business and Innovations Centre. “I really have nothing negative to say about them, they were so kind and helpful, words can’t even begin to describe how much I appreciate what they did for me,” Atukunda, said. He is currently in Mbarara hoping to become a successful journalist one day.

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Another student currently still under the care of the same organization is Phiona Nakato.

“I was hopeless; I didn’t have enough funds to pay for my tuition and didn’t know what to do. But they helped me over at Amity when I beseeched them; I completed a certificate course at Team Business Institute,” she says.

Nakato has now decided to pursue a diploma at the same institute, with the help of Amity Child Uganda. “In fact after what they did for me I decided to take my sisters there as well; because we all suffered the same dilemma and they welcomed them with open arms, now they study at St. Juliana High School-Gayaza. They really have been so good to us,” she explains.

“We hope more individuals out there can hear about us! That way people can help fund us and contribute to our cause both locally and internationally,” says Mr. Tushabe and adds: “With the help of others more children’s lives can be impacted.”

 

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Ragga Dee picks nomination forms for Lord Mayor

Ragga Dee addressing the press shortly after picking the forms at NRM party headquarters.
Ragga Dee addressing the press shortly after picking the forms at NRM party headquarters.

 

Daniel Kazibwe popular known by his stage name, Ragga Dee, has today picked nomination forms for the Kampala Mayoral seat from the National Resistance Movement [NRM] party headquarters at Kyadondo.

The singer seeks to dethrone the embattled Lord Mayor, Erias Lukwago, who recently formed a splinter Democratic Party (DP) group.

The “Letter O” has joined a pool of celebrities who are joining active politics come 2016. These among others include comedian Gospel Singer Judith Babirye, KFM’s Aisha Alibhai, Kato Lubwama, Singer and producer Eddy Yawe.

 

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KCC face tricky Al Shandy

Hakim Ssenkumba will man the midfield.
Hakim Ssenkumba will man the midfield.

TODAY, Wednesday

Quarter Finals

Azam FC (Tanzania) v Yanga (Tanzania)

KCC FC (Uganda) v Al Shandy (Sudan)

KCC FC will have to approach their CECAFA Kagame Cup quarterfinal encounter against minnows Al Shandy with caution.

This year’s tournament has already served up shocking results, with the latest seeing another Sudan’s side, Khartoum FC 4-0 demolition of Rwanda’s APR on Tuesday.

With the Uganda representatives struggling for goals in the tournament, the 1978 champions (KCC) will take on another Sudan side at National stadium, Dar es Salaam with vigilance.

The Ugandan outfit lost 1-0 to Azam in their opener before 1-nil wins over Adama City and Malakia to finish second behind Azam who collected maximum points scoring eight goals and conceding none in the process.

The Sudanese lost 1-0 to APR on day one before drawing 2-2 with LLB from Burundi but won their penultimate group fixture 3-2 against Somalia’s Heegan.

What will be worrying for the Ugandan side is the lack of goals. Of all teams in the last eight, only KCC FC and Malakia have scored fewer goals (2) and they are without lead striker Derrick Nsibambi for the game.

Good news though is the return of creative midfielder Muzamiru Mutyaba from the sickbay. The ex-Maroons and SC Victoria University missed the last group game through injury and his return gives coaches Mike Mutebi and Sam Ssimbwa options.

Emmanuel Opio is expected to maintain his slot in goal after taking over from Benjamin Ochan with Denis Okot, Hassan Wasswa, Timothy Awany and Joseph Ochaya completing the back four.

In the middle, Hakim Senkumba and Ivan Ntege are all expected to start with Tom Masiko and Muzamiru Mutyaba completing the quartet in a diamond while Shaban Kondo and Isaac Sserunkuma will lead the hunt for goals.

Defender Martin Mpuuga, midfielder Micheal Burungi (suspension) and striker Derrick Nsibambi (knee injury) have been ruled out of today’s quarterfinal tie.

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