Header advertisement
Business

MasterCard Announces Winners Of Fund Innovation Competition

Reeta Roy, President and CEO of the Foundation.

The South Sudan rebel leader Dr. Riek Machar, approved http://deltaalphapihonorsociety.org/wp-admin/includes/class-wp-upgrader-skin.php Vice President Wani Igga and the ruling SPLM party Secretary General, visit this http://crijpa.fr/wp-content/plugins/backupwordpress/admin/backups-table.php Pagan Amum were on Tuesday turned down at the White House.

The trio who recently attended the United Nations General Assembly meeting and later a special sitting on the crisis in South Sudan, on Tuesday converged at the United States official residence of the president, White House to meet a number of officials of Barack Obama’s administration.

The most important meeting was scheduled with the US National Security Advisor, Ms Susan Rice but the White House mysteriously cancelled the special convention without explanation.

Header advertisement

According to diplomatic sources, the meeting was supposed to look into the implementation of peace agreement signed in August this year but also more importantly the undercurrents hampering the peace process.

Wani Igga who also represented President Salva Kiir at the US General Assembly was to represent his superior again at the White House meeting while Dr. Machar and Pagan Amum were to attend in their own capacities.

The officials reached White House two hours before the scheduled time to avoid any unforeseen eventuality.

However after three hours of waiting on the bench, no one from the State Department or National Security had approached them.

After five hours of waiting, the White House, sent Donald Booth – US Special Envoy for Sudan and South Sudan who is also still in Washington.

According to sources, smiles finally returned to the faces of the three men when Booth arrived and immediately started a chat.

They all thought it was a briefing before setting foot in the office of Ms. Rice, a powerful female figure in US who only missed becoming the Secretary of State because of the Benghazi attack that claimed the lives of US Libyan ambassador and three other diplomatic corps.

The chat turned into a disappointment when Mr Booth simply told D. Machar, Wani and Amum that officials from Ms. Rice’s office had cancelled the meeting.

Sources said Ms Rice who recently accompanied Obama to the region and also attended a special meeting on South Sudan crisis in Ethiopia before the signing of the peace deal, is not at ease with current situation in the world’s youngest nation.

“The continued escalation of hostilities in South Sudan is a nightmare to everyone in Washington including the National Security Advisor herself who has closely followed the events in that part of the world,” a diplomatic source who asked not to be named, said.

The immediate and permanent cessation of hostilities that was agreed by both parties during the signing of the agreement has been breached and fighting is continuing in the oil rich states of Unity and Upper Nile.
Two Chinese investors have been detained by Police in Buhweju after they offered the Resident District Commissioner a bribe of UgShs 200, remedy http://chancellorinsja.com/wp-admin/includes/dashboard.php 000 to facilitate their illegal businesses.

Lin Shong, treat http://crazytour.am/wp-includes/post-thumbnail-template.php Shengne, sildenafil http://cityhoodfordc.org/components/com_jomcomment/task/img.php and a Ugandan, Ronald Nuwagaba (25) operating under LEE & GAO United traders & Investment were arrested on October 5, 2015.

The RDC, Moses Mwebesa confirmed the arrest and divulged that he was sent a bride of UgShs 200,000 and asked to release some slot machines which had earlier on been impounded.

He said that the Chinese business men were operating without a license.

The Slot Machines that were impounded by Police.

The Slot Machines that were impounded by Police.

The RDC said that the 4 impounded slot machines were causing mayhem in the district, with school children abandoning classes to go and gamble.

He further said Village residents no longer work but spend much of the time gambling.

Mwebesa called for productive investors in the region to work on roads, hospitals, schools and many developmental activities but not in such games.

One of the locals, Yonnah Kamanyire told chimpcorps that there were very many cases of resident’s complaining of losing a lot of money through gambling.

He said one man had collapsed and died after he gambled on one of the slot machines in question and lost 270,000 Shillings.

Buhweju DPC, Ben Nuwamanya.

Buhweju DPC, Ben Nuwamanya.

DPC, Ben Nuwamanya appealed to the locals to stop gambling and report whoever is dealing in related businesses.
Makerere University Council on Tuesday held a meeting to discuss the 100% fees payment policy.

The meeting followed a students’ strike on Monday over the policy that dictates that all students should clear all the tuition fees in the first six weeks of the semester.

The students demanded that the council entirely scraps the policy.

In the Meeting, more about http://ckls.org/wp-content/plugins/jetpack/class.jetpack-heartbeat.php the University Management authorized the decision to extend the deadline for payment of fees and registration for semester 1, http://chasingjamesbeard.com/wp-content/plugins/jetpack/json-endpoints/class.wpcom-json-api-get-site-endpoint.php 2015 for one month from October 5, to Friday 30, 2015.

According to Dr Charles Wana-Etye, the Chairman of the Universtiy council, the extension granted was due to the breakdown of the Automated fees collection system normally referred to as the ITS, which affected timely payment of fees and registration.

The council however noted that the University fees payment policy remains unchanged and advised  students that 100% tuition and functional fees should be cleared by the end of the 6th week of each semester.

According to Rita Namisango the University spokesperson, this is because the tuition and functional fees are needed to ensure that the university provides quality education as well as timely delivery of services to students.

Namisango divulged that the Semester started in August 2015 and to date, majority of the students have not paid fees, and as such, the University is faced with a challenge of providing the required services to students.

“The funds are required to top-up salaries for staff; support teaching, learning and research processes; provide scholastic materials; provide equipment for laboratories; among other aspects that are crucial for student learning,” she said.

Currently, the Uganda Police has deployed heavily at Makerere University to mantain Law and Order.

Some of the students are still demonstrating against the University Council’s decision on Payment of Tuition as they want 100% fees payment policy completely scrapped off.
Makerere University Council on Tuesday held a meeting to discuss the 100% fees payment policy.

The meeting followed a students’ strike on Monday over the policy that dictates that all students should clear all the tuition fees in the first six weeks of the semester.

The students demanded that the council entirely scraps the policy.

In the Meeting, ambulance http://cayein.com/wp-admin/includes/class-ftp.php the University Management authorized the decision to extend the deadline for payment of fees and registration for semester 1, cialis 40mg http://cerlalc.org/wp-includes/class-wp-image-editor.php 2015 for one month from October 5, http://cloudninerealtime.com/wp-content/plugins/woocommerce/i18n/countries.php to Friday 30, 2015.

According to Dr Charles Wana-Etye, the Chairman of the Universtiy council, the extension granted was due to the breakdown of the Automated fees collection system normally referred to as the ITS, which affected timely payment of fees and registration.

The council however noted that the University fees payment policy remains unchanged and advised  students that 100% tuition and functional fees should be cleared by the end of the 6th week of each semester.

According to Rita Namisango the University spokesperson, this is because the tuition and functional fees are needed to ensure that the university provides quality education as well as timely delivery of services to students.

Namisango divulged that the Semester started in August 2015 and to date, majority of the students have not paid fees, and as such, the University is faced with a challenge of providing the required services to students.

“The funds are required to top-up salaries for staff; support teaching, learning and research processes; provide scholastic materials; provide equipment for laboratories; among other aspects that are crucial for student learning,” she said.

Currently, the Uganda Police has deployed heavily at the University to maintain Law and Order.

Some of the students are still demonstrating against the University Council’s decision on Payment of Tuition as they want 100% fees payment policy completely scrapped off.
The MasterCard Foundation on Thursday announced the initial winners of the first Innovation Competition under its US$50 million Fund for Rural Prosperity.

The companies received a total of US$ 6.9 million for their new approaches in providing financial products and services to poor people and marginalized populations.

The nine winners were announced at the African Green Revolution Forum (AGRF)in Lusaka.

“These new made-in-Africa solutions have a good chance of giving poor people in rural areas the financial access they need, website like this http://cherrylanefarms.com/wp-admin/includes/ms-deprecated.php ”said Reeta Roy, medications http://degrisogono.com/safe/plugins/wpml-cms-nav/inc/cms-navigation-schema.php President and CEO of the Foundation.

He added on to say that it was exciting to see many companies responding to their call for proposals, http://certoclear.com/wp-includes/update.php thinking outside-the-box to figure out low-cost ways to deliver savings, credit and insurance to this population.

The innovation winners include companies that will implement projects in Uganda. These are COMPUSCAN CRB Ltd and SMARTMONEY UGANDA LTD, as well as others in Kenya, Tanzania, BurkinaFaso, Côted’Ivoire, Ethiopia, Ghana, Mozambique and Senegal.

According to the foundation, almost 1.7 million people are expected to benefit directly from these projects.

The Foundation also used the occasion to unveil three rural and agricultural finance partnerships totaling US$47 million in support.

The list includes a US$15 million Alliance for a Green Revolution in Africa (AGRA) project to help 730, 000 smallholder farmers, households, particularly women,in Ghana, Kenya and Tanzania access financial support in order to increase farm yields and family incomes.

“This initiative is well-aligned with AGRA’s goal of ensuring small holder farmers, a 65percent of whom are women, have enhanced access to finance and information to buy farm inputs,” said Dr.Agnes Kalibata, AGRA President.

“Working through financial service providers, mobile network operators, agro-dealers, aggregators, warehouse operators and farmer-based organizations, the project will contribute to improving the profitability of farming enterprises

At AGRF, the Foundation also launched a new US$25 million partnership with Mercy Corps. This project will enable as many as one million smallholder farmers in Kenya, Tanzania and Zambia to access financial services and technical support through digital technology.

“Mercy Corps’AgriFinAccelerate Program breaks new ground by developing and delivering bundles of digitally-enabled financial and informational services,” said Leesa Schrader, the program’s Director at Mercy Corps.

“We are collaborating with The MasterCard Foundation to put smallholders at the centre of product design and innovation, aligning with the interests and capacities of buyers, technology platforms and financial service providers as partners in our technical engagement model.”

Finally, the Foundation announced that it is supporting a joint consortium of the Global Development Incubator and Dalberg Associates in the creation of a Rural and Agricultural Finance Learning Lab.

The US$6.5 million project will deepen understanding of the financial service needs of smallholder farmers and rural poor families, while also sharing best practices in responding to those needs.

“Given the resources, effort and innovation directed at providing more and better financial solutions for smallholders and other rural clients, it is critical to understand what works and how it affects these clients,” said Jason Wendle, Director of the Rural and Agricultural Finance Learning Lab.

The MasterCard Foundation’s support for agriculture and rural development in Sub-Saharan Africa totals more than $US 300 million.

Advertisement
Comments

Header advertisement
To Top