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 Stanbic Unveils Trade Club to Boost Market Access to Local Businesses



Stanbic Bank has unveiled the Trade Club, a new solution that allows business people in Uganda to grow their enterprises by getting access to contacts, market information and a platform to network with counterparts across the world.

Jonathan Wamara, the Head Universal Trade at Stanbic Bank said, “We are pleased to introduce Trade Club. It’s a new solution designed for Ugandan businesses to connect with other businesses locally, regionally and internationally with a view of easing both import and export trade.  This is a free digital networking platform enabling us to positively contribute to the growth of our business clients, because when they grow and prosper– so do we. By growing our customers’ businesses we can deliver towards our purpose of driving Uganda’s growth.”

The platform offers trade expertise for importers and exporters across 190 countries along with over 200 pages of trade information for both importing and exporting, customs information, market analysis and other relevant reports. Trade Club has a match-making algorithm that automatically suggests new counterparts that Ugandans can do business with.

“These suggestions are based on your business interests. The platform introduces you to new contacts (suppliers/customers) that you require to grow your business. Our customers are looking for solutions to simplify their lives and make it easier to do business. Particularly now, amidst the devastating impact of the Covid-19 pandemic, we must relentlessly innovate with solutions to kick-start recovery and survival in a tough business climate,” Wamara said.

To get into the Club, Stanbic requires applicants to have an active business account with the bank, must be Know-Your-Client (KYC) complaint, must be creditworthy and must have a confirmation from their relationship manager to the effect that the client has the capability to trade internationally.

Stanbic already offers some of the best trade financing solutions in Uganda, but the Trade Club will now allow members exclusive access to traders across the world. The new product underlines Stanbic Bank as an innovator and market leader in the provision of trade financial solutions. However, the basic aim is to find markets and grow Trade Club members’ businesses.

Wamara said, “Traditionally, we as a bank had always come in to support our clients to facilitate trade with buyers and sellers after they have already agreed terms, but with this platform the bank and our clients, will have an opportunity to walk together along the journey of, sourcing for genuine suppliers and buyers across various markets, discussion of trade terms and facilitation of the actual transactions by providing financial services like Trade Finance, Forex Solutions and Bancassurance.”

He said in terms of support, when a client joins the Trade Club, a Community Manager is assigned to them to assist with any needs the client may have regarding the Club, especially with suggestions and tailored reports among others.

Wamara said, “You will receive regular business opportunities suggested by our Community Manager. Choose to engage or discard them if they are not interesting for you. You can also add them to your contact book. You also have the option to ask our Community Manager for specific and customized matchmaking.”

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Cheptegei to Take Part in 6th National Trials at Nambole




The world 5000m and 10,000m champion Joshua Cheptegei has registered to take part in the 6th national Trials slated for April 24th, 2021 at Mandela National Stadium, Nambole.

Cheptegei will be making a maiden appearance at the championship after missing the other editions on the Uganda Athletics Federation (UAF) calendar.

Namayo Mawerere, the UAF publicity secretary said Cheptegei will join other local athletes and others from Kenya in the national Trials. Many of the athletes will be all out to try and hit qualifying times for 2020 Tokyo Olympics.

According to Mawerere this time Cheptegei will not be competing in his 5000m/10,000m races, but the 1500m which will help him develop speed for 5000m ahead of the Tokyo Olympics.

The presence of the World Champion in middle distance and the invited Kenyan runners especially in the long distance races will help improve the quality of the national trials.

Ugandans Ronald Musagala, Abu Mayanja will be the other seasonal Ugandan athletes who will compete in the 1500m race.

Women middle distance race is also expected to be highly competitive with World Champion Halima Nakaayi battling against new kid on the block, Prisca Chesang Chemweno who is currently enjoying good form in the 800m and1500m races. Chesang won the 1500m in the women race of the 5th Track and field competition.

The competition will be intended to select more athletes for the Tokyo Olympics, Africa Senior Championships and the World U-20 Championships.





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Bushenyi Pastor Arrested for Defilement




Police in Bushenyi district are holding the pastor of Star Light Worship Center International for allegedly having sex with a juvenile.

Martial Tumusiime, the greater Bushenyi police spokesperson identifies the suspect as Kushemerwa Solomon a resident of Tankhill cell in Bushenyi Ishaka municipality, Bushenyi district.

It’s alleged that Kushemerwa has been sleeping with this young girl since her parents allowed her to stay with the pastor’s family during the COVID-19 lockdown.

The suspect was arrested after a tip off from his wife who is also a pastor at the same church.

“The wife reported a violence case to Police and told us that his husband has also been using that girl whom they stayed together with. We called the girl here and she also confessed. We therefore had to arrest the pastor; he is in our cells now”, Tumusiime said.

Kushemerwa is currently detained at Bushenyi police station and will face defilement charges in court once Police investigations are done.

The post Bushenyi Pastor Arrested for Defilement first appeared on ChimpReports.

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UCC’s Kaggwa Calls on Young Girls to Embrace ICTs




The Uganda Communications Commission (UCC) Executive Director, Mrs. Irene Kaggwa Ssewankambo has called on young girls to embrace ICTs and challenge their male counterparts in the world of technology.

Mrs. Kaggwa was speaking to various primary school girls that had gathered at UCC headquarters in Kampala on Thursday to commentate the International Girls in ICT day.

“When we were growing, people used to say this is a men’s world. They would tell you, leave that for boys. Is it because of what they (boys) are? We can do what boys do. So, if they can do it, you can do it,”  Kaggwa told the girls.

Celebrated every April 22, International Girls in ICT Day was established by the UN specialized agency for ICT, International Telecommunication Union (ITU) to celebrate women and girls and encourage them to pursue studies and careers in Science, Technology, Engineering and Mathematics (STEM).

Giving an example of herself, ICT Minister Judith Nabakooba and a number of female engineers at UCC and other female telecommunication engineers that always climb masts to fix technical glitches, Mrs. Kaggwa assured young girls that engineering should never be perceived as a men’s world by the society.

“Do not be held back by this society. What matters is what you want to be. We celebrate and we want to encourage more women to get into this field. We now have women who are in journalism, we have women in the telecoms. Before, many of these were extremely dominated by men and women would mainly take on secretarial roles, catering roles but now we see that even in the classes (computer classes, engineering classes, journalism classes) you actually see that more women have embraced this area of ICTs,” she said.

Asked whether it would be wise for girls to abandon other fields and take on ICTs and engineering related subjects, Mrs Kaggwa replied, “we are not saying that one is better than the other. We are saying that this is an area where women can contribute. So, rather than saying that women should only participate in certain areas, we are saying that women can also make a very big contribution if they participate in ICTs.”

Mrs. Irene Kaggwa Ssewankambo poses for a photo with various primary school girls that had gathered at UCC headquarters in Kampala on Thursday to commentate the International Girls in ICT day.

“So, in terms of what needs to be done, we need to get the message out there to help women appreciate what opportunities are there, help them understand what they can do and also for them to stop thinking that the only professions that are there are nursing, secretarial. There are so many areas where we need women.”

With the rapid expansion of Artificial Intelligence, she said, women should be brought onboard to have soft skills so that technology is complementary to human beings.

World over, children are being introduced to technology when they are young, and as a result, Kaggwa said, girls need to be exposed to technologies at a younger age so that the technology interest is nurtured in them and their innovativeness so they can get exposure that other children in other countries are getting.

“It should not be to say that they are the leaders of tomorrow. We need to groom them so that by the time they are there, they understand how to develop solutions to our challenges.”

Meanwhile, Mrs Kaggwa encouraged girls to never lose hope in case they feel their dream is not engineering and ICTs.

“If you don’t like mathematics or science, don’t say ICTs are not for me. We need lawyers, we need doctors. That is why we encourage all of you to continue your interest,” she said.

The post UCC’s Kaggwa Calls on Young Girls to Embrace ICTs first appeared on ChimpReports.

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