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Stanbic Bank Partners With MoH To Support COVID-19 Hit Health Workers

Stanbic Bank has signed a partnership with the Ministry of Health which will see the bank offer a range of low interest loans to government health workers across the country.

The loans range from personal unsecured salary loans to secured loans, mortgages, vehicle and asset financing loans (VAF), said Anne Juuko, Stanbic Bank Chief Executive at the launch of the partnership event held at the Ministry of Health Headquarters in Kampala on Oct.18.

Health workers (government) will be entitled to open an everyday banking account which attracts no monthly charges. However, workers with existing and different accounts in the bank shall have the option to change their accounts to the everyday banking account at no cost.

The bank will charge zero/ no arrangement/processing fees for all health workers seeking to top up or take new loans with Stanbic Bank.

Juuko said, the lending rate for all government health workers will be the bank’s prime lending minus 0.5% or 15.5% p.a. on reducing balance.

The bank’s prime lending rate is currently at 16%, but can be subject to change in line with prevailing market conditions.

This rate will apply to all health workers wishing to top up their existing loans or new clients/health workers who wish to take new loans or transfer their loans to Stanbic Bank.

People who qualify for the loans include employees of the Ministry of Health; employees employed as Government medical/health workers and those

employees who have been posted and have reported to a health facility as their duty station.

Given the continuing impact of the Covid-19 pandemic, the bank through a reputable insurance provider, will also provide hospitalisation support for health workers who might be admitted with the disease.

The partnership also has offering for insurance which will provide some financial relief for those health workers admitted with Covid-19.

There will be a daily allowance of up to Ugx200,000 per night for a duration 20 nights, however, this specific offer will last until December 2021.

In the unfortunate case of death of the health worker, a funeral cash benefit of up to UGX2,000,000 will be paid to the next of kin to support with the funeral arrangements.

Another benefit for the health workers from the partnership includes financial literacy training and advisory through the Stanbic Bank Incubator. They will undergo customized programmes structured to support their financial journey and achieving financial freedom.

The trainings cover several aspects such as how to create wealth, to live and enjoy the wealth reasonably (debt management, managing expenditure) and investment.

Digital solutions
Once on board, all health workers would access a wide range of banking services on Stanbic’s various digital platforms to get loans, open accounts or seek help by way of the 24-hour contact centre.

Flexipay – an integrated merchant and wallet solution – will come in handy to help health workers make payments as well as receive cash at various points across the country using their phones.

It will also facilitate health workers to send and receive money to and from other Flexipay users at no additional cost.

Juuko (Stanbic Bank CE) said, this new proposition is in line with the bank’s commitment to serve Ugandans by supporting individuals who have been most adversely affected by coronavirus pandemic.

“We firmly believe that this is the first among many milestones we shall and can achieve for the health workers across the country,” Juuko said, “we appreciate the opportunity to serve the health workers who from the very beginning, have been at the forefront of fighting this deadly pandemic.”

The Permanent Secretary for the Ministry of Health Dr Diana Atwine, applauded the bank for coming up with these subsidized financial service offers for health workers who, she said, have tirelessly been on the frontline to save lives during the pandemic.

Fresh Dairy’s Long Life UHT Milk Gets A Refreshing New Look

Fresh Dairy, the leading dairy products producer in Uganda has this week revealed a refreshing new look for its Fresh Dairy Long life UHT milk (ESL: Extended Shelf Life). The upgraded Fresh Dairy Long life UHT milk (ESL) packaging is designed to heighten customer product experience in terms of better quality, ease of identification while ensuring that the constantly changing consumer trends, tastes and preferences are met, which will in turn drive further growth for the brand within the Ugandan market and beyond. 

Vincent Omoth – Marketing Manager Fresh Dairy said, ‘Fresh Dairy Long life UHT milk continues to be popular for its 90-day shelf life, no need to refrigerate and affordable competitive price of 18,000UGX for a 500ML pack carton of 12 pieces, which is 1,500UGX per piece. Fresh Dairy’s Long life UHT milk offers convenience to consumers because for 3 months, one can stock up a carton or more and not worry about back and forth trips to the shops, or even be caught up in the morning and evening rush time. This implies that even families that don’t own fridges can still feel comfortable buying and stocking up Fresh Dairy’s Long life UHT milk (ESL: Extended Shelf Life) in their homes.’ 

Further still, the Fresh Dairy Long Life UHT milk is renowned for its unique fresh taste of milk, it’s a ready-to-drink, has culinary benefits such as being an ingredient for Tea, Coffee, add into cereals, mandazi’s, chapattis, cakes among others. It is also full cream and nutrient rich with Energy, Carbohydrates, Protein, Fat and Calcium among others, crucial to support the body with essential nutrition. 

Omoth added that Fresh Dairy has invested heavily in the Fresh Dairy Long life UHT milk re-brand with the aim of increasing easier brand visibility and generating non-quivered consumer demand through having 2 pack sizes: 500ML and the new 200ML available countrywide at any of your nearest outlets. Much as we have a loyal customer base, innovation is key in attracting new consumers and ensuring that the varying constant customer preferences are met.’ 

Fresh Dairy is a progressive family brand that is constantly improving ways of attaining better consumer experience for our products. The new Fresh Dairy Long Life UHT milk pack design not only gives the brand an improved on-shelf standout but also emphasizes product harmonization with Fresh Dairy flavoured yoghurt which ensures convenience of product identification for consumers and retailers, noted Omoth. 

Omoth said, ‘At Fresh Dairy, we work with over 30,000 small and large scale dairy farmers, from whom we source the milk we use in our products every day, which makes the newly rebranded Fresh Dairy Long Life UHT milk 100% Ugandan. The income that the farmers earns from the milk supplied to Fresh Dairy supports in improving their respective families’ livelihoods. With heightened sales anticipated from the new Fresh Dairy UHT milk, farmers will benefit even more because of increased milk demand.’ 

Omoth assured customers of guaranteed supply because Fresh Dairy is working with our countrywide extensive network of distributors, agents and retailers to ensure that our consumers can access the new Fresh Dairy’s Long life UHT milk (ESL: Extended Shelf Life) pack countrywide in Shops, Duukas, Supermarkets, Kiosks and Tricycle agents.  Consumers are also encouraged to place home delivery orders Monday to Saturday, 8am to 5pm by simply calling customer care toll free on 0800100020/21 or WhatsApp 0715744664. 

Omoth concluded by calling upon all consumers of the new Fresh Dairy’s long life UHT milk (ESL: Extended Shelf Life) to remember to store it at room temperature, away from direct sunlight and off the ground for the entire 90 days since it doesn’t require refrigeration. Once opened, refrigerate between 4 degrees to 8 degrees Celsius and consume within 3 days.

SAFE SPORT: Motorsport Federation Gets Important Ambulance

Motorsport is a high octane sport prone to accidents that could injurious or fatal for both the racers and spectator therefore their safety is a key component for the entertaining sport.

And according to Dipu Ruparelia, the president of Federation of Motorsport Clubs of Uganda, the motorsport fraternity in Uganda has not been having an ambulance for the past twenty years.

This lack has however come to an end after the Ruparelia Foundation and Victoria University this week donated a fully equipped ambulance to Federation of Motorsport Clubs of Uganda.

University’s Vice-Chancellor, Dr. Lawrence Muganga pledged to continue working with the federation to improve the safety of all the actors in the sport and equally important build their capacity through Continuing Professional Development.

Dr. Muganga also announced that Victoria University had started offering cutting-edge professional training including Sports Development and Management, which was available for the entire FMU fraternity and all Ugandans to benefit from.

“Victoria University’s Sports Development and Management course is designed to empower you with life-long skills in sports development, management and science, allowing you to develop a rewarding career in sport.

The managing director of Ruparelia Group Rajiv Ruparelia, who is also a racer with Rajiv Ruparelia Rally team, urged motorsport fans to become more responsible and observe safety protocols along the racecourses.

Commenting on the ambulance, Rajiv said that having an ambulance of their own will not only boost the Federation’s asset base but will also boost the confidence of drivers participating in rallies.

Bitature To Solve Mulago Problems ‘Using A Business Solutions Approach’

Businessman Patrick Bitature, the founder, chairman & CEO at Simba Group East Africa, has been appointed a board member of Mulago National Referral Hospital.

In his acceptance message, Bitature said he will be drawing upon ‘my business experience to find solutions that will make Mulago a better national referral hospital.

“The last few years have reminded us just how important the health sector is but it has also shown us just how many problems our health sector has,” Bitature said.

Adding: “A majority of these problems can be solved using a business solutions approach,”

“It is my hope that the knowledge I've acquired in my business journey will help provide business-oriented solutions that will improve the health sector for all,”

An upbeat Bitature reveals that he will also rely on his experience as a board member for Cure Hospital ‘to contribute to the health sector and serve my country accordingly for the next three years.’

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