PostBank Uganda Ltd has been selected by the Government of Uganda, to manage the bulk distribution of the UGX53 billion, that the government is distributing to its vulnerable citizens, affected by the Covid-19 pandemic, CEO East Africa can exclusively reveal. “The cash transfer shall reach 501,107 households which is 38% of the households in Kampala Metropolitan Area, all cities and municipalities,” according to Betty Amongi, the Gender Labour and Social Development minister. The Ministry of Gender Labour and Social Development is in charge of developing and populating the list of vulnerable persons while PostBank is to make bulk payments to the…
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The 97Fund, a Ugandan domiciled Open-end Investment Vehicle (HoldCo) that invests in high growth early stage companies in Africa, has launched a $1 Million COVID-19 Relief Fund (the “Fund”). The 97Fund is managed by Ortus Africa Capital. According to a statement from the organization, the Fund shall focus on Uganda and invest in solutions targeting and addressing challenges caused by the COVID-19 pandemic and solutions that prepare Uganda for a post COVID-19 environment. The COVID-19 Relief Fund supports promising entrepreneurs to scale and develop solutions that will help Uganda emerge from the Coronavirus crisis and create competitive advantage for the…
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