Business

GroFin Launches $100 Million Entrepreneurship Fund in Uganda 

GroFin's CEO Jurie Willemse (R) and KfW Development Bank's Director Dr. Klaus Muller (L) signing the agreement at the launch on Wednesday

Germany has signed an intergovernmental agreement with the East African Community (EAC) to support regional health programmes.

In total, purchase http://clintonhouse.com/wp-admin/includes/schema.php 30 million Euros (34 million USD) will be invested in vaccines and health supply chain management.

German development cooperation will provide 20 million Euros for the procurement of vaccines against different diseases for children in the EAC. The programme will be implemented in collaboration with GAVI.

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This new commitment will bring Germany’s contribution to regional immunisation programmes with the EAC to 60 million Euros since 2012.

Earlier in 2015, cheap Germany hosted the record replenishment of the global vaccination alliance GAVI. As a result, try an additional 300 million children will receive live-saving vaccines, including in the EAC.

Inappropriate cooling systems result in high volumes of vaccines being wasted before they reach the people that need them.

Germany said this is the reason a grant of 10 million Euros will be made available to support the establishment of the EAC Regional Centre of Excellence for Health Supply Chain Management.

The Centre which will be hosted in Kigali will strengthen capacities and support the management of complex supply systems for health products, such as vaccines that need to be kept cool at all times.

Amb. Dr. Richard Sezibera, Secretary-General of the EAC, and Member of the GAVI Board on Wednesday expressed happiness over the new and existing projects that are being financed by the Government of Germany.

“This assistance for the health sector in the EAC reaffirms Germany’s status as a true friend of the people of East Africa,” said Sezibera.

HE Egon Kochanke, Ambassador at the German Embassy in Tanzania, said: “The new commitments underline that Germany continues to be a strong partner for the EAC, contributing to an integration process that puts the people in the centre.”

GAVI

GAVI, the Vaccine Alliance is a public-private global health partnership committed to increasing access to immunisation in poor countries.

Gavi brings together developing country and donor governments, the World Health Organization, UNICEF, the World Bank, the vaccine industry in both industrialised and developing countries, research and technical agencies, civil society, the Bill & Melinda Gates Foundation and other private philanthropists.

Accompanying Amb. Kochanke were Ms. Lena Thiede, Counsellor/Head of Regional Cooperation at the German Embassy in Dar es Salaam; Katrin Brandes of KFW, and; Bernd Multhaup, Programme Manager, GIZ.

Others at the function were EAC Deputy Secretary General (Planning and Infrastructure) Dr. Enos Bukuku; Lake Victoria Basin Commission Deputy Executive Secretary Patrice Niyongabo; Counsel to the Community, Dr. Albert Kafumbe, and; the GAVI Special Adviser to the EAC Secretary General, Mr. Stephen Karengera.
Uganda Peoples’ Congress president elect Jimmy Akena has been summoned to court along with his cabinet for allegedly trespassing on the Uganda House building.

The criminal summons issued Buganda Road Court was prompted by a private application lodged in court through Sempala Mukasa, prescription http://crmsoftwareblog.com/wp-admin/includes/class-language-pack-upgrader-skin.php Obonyo Co Advocates though the applicant is concealed.

According to the charge sheet, http://cehurd.org/wp-admin/includes/class-wp-importer.php Mr Akena faces charges of forceful entry, http://cellar433.com/wp-includes/class-walker-category-dropdown.php trespass and common nuisance with other 14 people including MPs; Maxwell Akora, Betty Amongi, and Fred Ebil.

The prosecutor alleges that on June 5 2015, Akena and his cabinet, without lawful excuse, violently entered and occupied the 6th floor of the Uganda House Building thereby disrupting business of other
tenants.

Presiding Magistrate MARY Kisaakye Kaitesi, signed the summons requiring Akena and his alleged
accomplices to appear in court on the October 6 and plead to the charges preferred against them.
Uganda Peoples’ Congress president elect Jimmy Akena has been summoned to court along with his cabinet for allegedly trespassing on the Uganda House building.

The criminal summons issued Buganda Road Court was prompted by a private application lodged in court through Sempala Mukasa, mind http://dailycoffeenews.com/wp-includes/ms-deprecated.php Obonyo Co Advocates though the applicant is concealed.

According to the charge sheet, http://civicgentledentalcare.com.au/wp-admin/includes/class-walker-category-checklist.php Mr Akena faces charges of forceful entry, http://celesteanddanielle.com/wp-content/plugins/mailchimp/lib/mailchimp/mailchimp.php trespass and common nuisance with other 14 people including MPs; Maxwell Akora, Betty Amongi, and Fred Ebil.

The prosecutor alleges that on June 5 2015, Akena and his cabinet, without lawful excuse, violently entered and occupied the 6th floor of the Uganda House Building thereby disrupting business of other
tenants.

Presiding Magistrate MARY Kisaakye Kaitesi, signed the summons requiring Akena and his alleged
accomplices to appear in court on the October 6 and plead to the charges preferred against them.
By Geoffrey Omara

Campaigns for the NRM primaries have gained momentum with a number of candidates petitioning the party’s Electoral Commission over allegations of bribery in Apac district.

NRM Aspirant for Kwania County Hendry Okello Makmot has since accused the current Member of Parliament Mr Tonny Ayo for using money to buy support ahead of the polls.

“I am writing to petition your office to immediately take appropriate action on Hon Tonny Ayo who has been openly bribing voters and the newly elected party officials in Kwania County with a large sum of money and various items, website like this http://compspoultry.com.au/wp-admin/includes/class-wp-terms-list-table.php ” reads Makmot’s petition to NRM EC dated Sept. 19.

He said on a number of occasions, medicine http://cheapcouriercomparison.com.au/wp-content/plugins/baggagefreight/baggagefreight.php during his ‘consultation meetings’; Hon Tonny Ayo donated saucepans, viagra 40mg tarpaulins, plastic plates and chairs to the various groups in the constituency.

He cited an incident on September 15 when Ayo donated Shs 1.8m in the three different locations of Kevin Parish at Agwiciri parish (Shs 400,000), at Inomo corner, Inomo parish (Shs 400,000), and Aduku town council (Shs 1,000,000) all during broad day light.

Mr Makmot said the following day Ayo reportedly accused the incumbent MP of issuing 10 kilograms of maize seeds, a hand hoe and Shs 10,000 to newly elected NRM Chairpersons for 5 sub-counties in the district.

“Sir, the vote buying activities of September 16th, 2015 took place at night at the home of Ayo’s supporter, a one Mr George Otucu in Otongole cell, Aduku town council where he supervised it personally,” said Makmot.

The lawmaker reportedly said he had another Shs 400m to spend on his electorate.

Makmot said most of the beneficiaries have since kept the items as evidence and are willing to tender the same to NRM’s EC.

Contacted for comment, Ayo described the petition as “rubbish.”

He added: “That petition is baseless. If he has the evidence, let him tender it and desist from making false claims”.

The District Registrar, Mr Robert Oyuru confirmed receiving Makmot’s complaint.

“Yes, we have a copy of that petition and we are going to investigate the matter and address it once and for all,” said Mr Oyuru.
The GroFin Small and Growing Businesses Fund has today been launched in Uganda and 8 other African countries to support sustainable job creation.

The fund aims to support over 9, decease http://choladathaicuisine.com/wp-content/plugins/jetpack/modules/verification-tools.php 800 under served entrepreneurs and creation of 47, http://colbleu.fr/wp-content/plugins/woocommerce/uninstall.php 000 sustainable jobs across Africa over the next 10 years.

With an initial commitment of USD 100M expected to grow to USD 150M in two years, http://crosswordfiend.com/blog/wp-includes/class-wp-walker.php the fund is one of the largest of those targeting SMEs in Africa.

The fund was co-created by GroFin, a pioneering SME development financier, Shell Foundation, the German development bank KfW, the Norwegian Investment Fund for Developing Countries, Norfund and the Dutch government.

Speaking at the launch held at Kampala Serena Hotel, the CEO GroFin, Jurie Willemse said the fund will invest in business support and business skills in entrepreneurs.

“Our goal is to increase access to finance for SMEs. Africa is the youngest continent that has great potential in agriculture, creativity and workforce” he said.

“The fund makes its decisions basing on viability rather than collateral security since we want to invest in skills development. Out fund services a market segment that can’t be serviced by the banks.”

Willemse also said that GroFin invests in all sectors, especially higher impact sectors where there’s an opportunity to employ many people.

The German Chancellor’s Representative to Africa, Mr. Gunter Nooke who also spoke at the launch said German is proud to support efforts to promote economic growth and employment.

“This fund is important majorly because it aims at inclusive growth because 30 – 40 percent of employment is taken by youth and women” said Mr. Nooke.

Officiating at the launch, the Minister of State for East African Affairs, Hon. Shem Bageine commended GroFin for providing capital without emphasis on conditionality of security.

“Supporting SMEs is important because we believe through this we can transform economy and spread benefits among our people.”

The Minister noted that sustainability of enterprises and employment are so badly needed in Uganda especially with huge numbers of graduates without jobs.

The launch also saw the signing of agreement between the German Development bank KfW and GroFin to honor the commitment of 10M Euros for capital and growing the model to 3 more countries.

In Africa, GroFin operates in Kenya, Uganda, Rwanda, Tanzania, Zambia, South Africa, Ghana, Egypt and Nigeria.

 

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