UnionPay International and PostBank Uganda reinforce partnership enhancing digital financial inclusion in Uganda

KAMPALA, Uganda, July 22, 2022 /PRNewswire/ — UnionPay International and PostBank Uganda Ltd have announced an extension of their ongoing collaboration to further enhance digital financial inclusion in Uganda. The partnership between PostBank Uganda and UnionPay International was established in 2018 with a core objective of improving access to financial services and ultimately, financial inclusion of the previously unbanked or underbanked people of Uganda.

UnionPay International is delighted to build on the successes achieved through this partnership. We look forward to the exciting times ahead, especially now that PostBank has attained Tier One Commercial Bank status. Over one million PostBank customers will now have access to convenient and cost-effective payment services thanks to this partnership,” said Mr. Asad Burney, Head of UnionPay International Africa branch.

In the past three years, PostBank has connected over 30,000 SACCO (Savings and Credit Cooperative Organization) members to digital banking. Thanks to the partnership between UnionPay International and PostBank Uganda, over one million customers can now access intelligent, convenient, and cost-effective payment products and services locally and internationally.

“We will continue to grow our product offerings to ensure financial inclusion beyond the retail space. Agriculture is an area in which most of our Ugandan target population have their livelihood”, said Mr. Julius Kakeeto, the Managing Director PostBank Uganda, adding that, “The digital financial services space will expand the opportunities for all our stakeholders, such as product distribution channels, markets access locally and internationally, real-time information on prices. And this is just the tip of the iceberg.”

Kakeeto concluded that, “Uganda has plans to facilitate agricultural products exports into China. Therefore, we intend to leverage the opportunities the UnionPay partnership brings to position ourselves as a leader in this space.”

About PostBank Uganda

PostBank Uganda (PBU) is a public company limited by shares and formed under the Public Enterprises Reform and Divestiture Statute of 1983 and the Uganda Communications Act, 1997. It was incorporated under the Companies Act in 1998 and is owned by the Government of Uganda with 100% shareholding.

At the end of 2021, PostBank received a license from Bank of Uganda to operate as a tier 1 deposit taking financial institution.

PostBank boasts of 50 branches, 400 Post Agents countrywide, and over 60 smart ATM’s across Uganda.

About UnionPay International  

UnionPay International (UPI) is a subsidiary of China UnionPay focused on the growth and support of UnionPay’s global business. In partnership with more than 2500 institutions worldwide, UnionPay International has enabled card acceptance in 180 countries and regions, with issuance in 75 countries and regions . UnionPay International provides high-quality, cost-effective, and secure cross-border payment services to the world’s largest cardholder base, and ensures convenient local services to a growing number of global UnionPay cardholders and merchants.

With over 180 million UnionPay cards issued outside mainland China, UnionPay has expanded its acceptance network to 180 countries and regions in recent years. At present, UnionPay cards are widely accepted in Africa across all sectors, effectively meeting the diverse purchasing needs of UnionPay cardholders visiting and living on the continent. UnionPay cards have been issued in more than ten African countries, including Kenya, Tanzania, Uganda, Ghana, South Africa, Madagascar, and Mauritius.

Africa Centres for Disease Control Receives a $100 Million Boost from the World Bank to Strengthen Continental Public Health Preparedness

The World Bank has approved a $100 million support program for the Africa Centres for Disease Control (Africa CDC) that will help enhance the institution’s technical capacity and strengthen its institutional framework to intensify support to African countries in preparing for, detecting, and responding to disease outbreaks and public health emergencies.

Today the African continent is addressing several infectious disease outbreaks in addition to COVID-19 and there are growing risks looking ahead. Recent assessments have revealed widespread gaps in the preparedness capacities of African countries that disproportionately impact the poorest and more vulnerable. Regional approaches to health policies and interventions in complementarity with country and global efforts underscore the value of a strong Africa CDC geared towards safeguarding the health of the continent.

In line with the African Union’s (AU) Agenda 2063: The Africa We Want, which endorses health as a cornerstone agenda to achieving longer-term development goals, the Africa Centres for Disease Control Support Program to Combat Current and Future Public Health Threats Project will be critical to supporting the Africa CDC as it transitions to an autonomous health body of the African Union and solidifies its role as a leading regional and global public health institution. Earlier this year, AU member states awarded the Africa CDC with the status of an autonomous health body of the African Union.

“Africa is changing the dynamic in its journey to realizing a New Public Health Order. This project comes at a critical time as we focus on enhancing our support to AU Member States on the health security agenda and standing up our autonomous institution of the AU,” said Dr. Ahmed Ogwell Ouma, Acting Director of the Africa Centres for Disease Control. “We view this project—but more importantly our partnership—with the World Bank as extremely important especially as the institution transitions. We look forward to collaborating with the World Bank and our partners to maximize the impact of this crucial investment in guaranteeing the future health of the continent.”

The project will help to cultivate regional capabilities critical to ensuring a resilient and prepared continent. It will do this by helping to build and maintain a robust public health workforce across countries’ health systems. This includes investments to increase the number of epidemiologists and outbreak responders at the subregional and member state level. It also includes strengthening leadership on the continental research and development and manufacturing agenda for vaccines, diagnostics, and therapeutics. Importantly, the project will help Africa CDC expand and strengthen its institutional footprint to provide tailored support to member states. This includes support to its Regional Collaborating Centers to contextualize, implement and network flagship programming such as laboratories and surveillance across subregions in close collaboration with countries, Regional Economic Communities and partners.

“Our investment in the Africa CDC underscores the World Bank’s long-term commitment to supporting African-led regional institutions and Africa’s public health preparedness agenda,” said Boutheina Guermazi, World Bank Director for Regional Integration for Sub-Saharan Africa, the Middle East and Northern Africa. “Diseases do not respect borders and must be tackled collectively, requiring trusted leadership at the regional level and strong health systems across the continent.”

This International Development Association* (IDA) financed project builds on existing World Bank support (the first investment in the Africa CDC was approved in 2019) and further strengthens the relationship between African institutions on the preparedness agenda. The partnership is an opportunity for the World Bank to work with the Africa CDC on shaping the preparedness agenda that can help drive future financing, innovative thinking, and timely action to reduce the risk of priority diseases affecting Africa’s most vulnerable populations.

*The World Bank’s International Development Association (IDA), established in 1960, helps the world’s poorest countries by providing grants and low to zero-interest loans for projects and programs that boost economic growth, reduce poverty, and improve poor people’s lives. IDA is one of the largest sources of assistance for the world’s 74 poorest countries, 39 of which are in Africa. Resources from IDA bring positive change to the 1.3 billion people who live in IDA countries. Since 1960, IDA has provided $458 billion to 114 countries. Annual commitments have averaged about $29 billion over the last three years (FY19-FY21), with about 70 percent going to Africa.

Source: World Bank

Children’s Say on Climate Change

This week – as temperatures topped 40C in parts of the UK for the first time ever – Megan Lawrence, Kickstart Project Assistant for Save the Children in Wales, reflects on how important it is to listen to the voices of future generations and their concerns on climate change.

My interests in climate change began in primary school during a lesson on which items we should put in the recycling, such as plastic bottles, glass jars and old newspapers. We were taught that not everything can be recycled with soft plastic, such as cling film and shopping bags – the worst offenders causing widespread pollution.

Even from a young age, this sparked concerns about protecting the environment, which only grew with time. I chose subjects such as Geography for GCSE and A-Level and learnt even more about the impacts on the environment and what the future holds.

I have grown up knowing that human-induced climate change is the defining issue of our time with disruptive implications on places, species, and people’s lives. From the rise in sea levels to more extreme weather patterns such as heatwaves, floods, droughts, and wildfires, the impacts of climate change are felt in every corner of the world.

Now aged 22, I am as passionate as I was during my primary and secondary school days about bringing about meaningful change in mitigating the effects of the climate crisis. Before joining the Save the Children Cymru team, I spent seven months campaigning with Climate Cymru during the run-up to COP26. The campaign focused on giving people a voice and calling on the Welsh Government to protect Wales from the pending climate and nature emergencies.

This week red and amber warnings were placed for extreme heat in parts of the UK with temperature in parts of England soaring over 40C for the first time ever. Devastating floods have also become a big threat in the UK and in February 2020, the worst storms to hit Wales in recent history affected over 3,000 homes and businesses across the country. Alarmingly Cardiff, where I was born and raised, has been named as one of the most at risk cities from global warming by 2050, alongside Bangkok, Melbourne, and Amsterdam.

CLIMATE CHANGE AND CHILDREN

The effects of climate change are clear and reveal the terrible costs to children now and in the future. Research by Save the Children and Oxfam found that one person is likely dying on every 48 seconds in the Horn of Africa, where climate change is fuelling recurring droughts and unpredictable weather conditions.

48 seconds. That is not even enough time to make a cup of tea or listen to a song!

In 2011, a devasting famine killed over a quarter of a million people in Somalia — half of them children under the age of 5. More than a decade later, despite repeated warnings, particularly over the last the two years, the United Nations predicts that 350,000 Somali children may die by the summer if governments and donors do not tackle food insecurity and malnutrition immediately.

Malnourished children are far more vulnerable to infection because their immune system is weakened, which is worrying as they are likely to be exposed to diseases such as malaria due to changes in weather patterns. These impacts will only become worse as the country is on the frontline of the climate crisis. Somalia used to experience one severe drought every ten years, but children born in 2011 or earlier are already facing their third drought – only highlighting the fact that children today face three times as many climate disasters than their grandparents did.

WHAT DOES THE FUTURE HOLD?

I recently read Save the Children’s Future of Childhood report, which was carried out across the UK and asked nearly 450 children aged between 4 and 11 years old to share their vision for what they would like the future to look like in 2040.

The children who took part in this research cared a lot about the environment and the world around them. They are worried about climate change and want children in the future to have the same opportunities to connect with animals, plants, and green spaces. Children were worried about the future of trees and wanted to stop them from being cut down instead of planting more so that future generations could enjoy them. They also want to protect honeybees and keep the sea, beaches, and air clean. They suggest that in the future, everyone should do more recycling and walk instead of driving, to be “kind to nature”.

Children are clear about what they want for their future, but I feel their voices are underrepresented in environmental discussions, despite being the major stakeholder in their outcomes. Most of the perspectives considered in policy, discussions, disaster management and relief efforts are targeted at adults. Children have the right to participate meaningfully in decisions that affect their life, survival and development and contribute to policies that impact their rights. After all, the UN climate change assessment warns that the world will likely reach a dangerous 1.5°C of warming by the year 2040, eighteen years from now when I will be forty years old.

By then I may have children of my own and I often do wonder, or should I say worry, about the impacts of climate change on them and on their children. Young people are not passive victims but are valuable contributors to climate action. They are agents of change, entrepreneurs, and innovators who can use their skills to accelerate climate action and hold others accountable.

The African proverb, “any small people, who in many small places do many small things, can alter the face of the world”, reminds me that change is possible

Let’s keep giving the children of today a say in what their future looks like.

Source: Save the Children