Business men, leaders to converge for Monitor fete
Mr Daniel Sieberg, the key note speaker at the Monitor Thought Leaders Forum, at Kampala Serena Hotel Victoria Hall today.
ENTEBBE- Daniel Sieberg, the Key Note Speaker for the long awaited 5th annual Monitor Thought Leaders Forum arrived in the country last evening ahead of today’s fete.
The audience
According to Ms Sarah Nalule, the Monitor Publications Marketing Manager, Mr Sieberg will today speak to an audience drawn from business and government leaders, corporate entities and upcoming young professionals at the Kampala Serena hotel, Victoria Hall.
About Daniel Sieberg
Mr Sieberg is an internationally acclaimed author, speaker, and host, and a senior marketing manager at Google overseeing media outreach efforts and an official spokesperson.
Sieberg is an Emmy nominated and award-winning TV correspondent/host/author whose work across four continents has appeared on CBS News, CNN, ABC News (Nightline, GMA), MSNBC, BBC News, Bloomberg, Al Jazeera English, NPR, PBS, CNET, the Discovery Channel, Planet Green, Oprah.com, Details, The Dr. Oz Show, The Nate Berkus Show, and countless publications.
Digital revolution
During an e-mail interview with Daily Monitor, Mr Sieberg said the digital revolution is affecting every industry from media to shoe repair to air travel. He says the most important attribute is to embrace change.
“It is hard and scary but critically important. Sometimes it feels risky and without any easy answers. Henry Ford said if he’d listened to his customers he would’ve raised faster horses. Sometimes it’s about going the direction least expected and not worrying about your competition,” he says.
Adding “I hope Ugandans will get a sense of what’s happening locally in the market but also some internationally perspective since we’re quickly becoming a global economy including Africa .”
Company profiles
NSSF
The National Social Security Fund (NSSF) is a national savings scheme mandated by Government through the National Social Security Fund Act, Cap 222 (Laws of Uganda) to provide social security services to employees in Uganda.
NSSF is a Provident Fund and covers employees in the private sector, including non-governmental organisations. It is a scheme instituted for the protection of employees against the uncertainties of social and economic life.
The Fund is a contributory scheme, fully funded by contributions from employees and employers, each contributing 5% and 10% respectively of the gross monthly wage to make a total monthly contribution of 15% for the employee.
The Fund manages assets worth over Shs6.2 trillion and invests in fixed income, equities and real estate assets in Uganda and within East Africa. It is regulated by the Uganda Retirement Benefits Authority in accordance with the URBRA Act, while the Minister of Finance, Planning and Economic Development is responsible for the policy oversight. Over the years, the Fund has steadily embraced information communication and digital technology to continuously improve its services.
Umeme Limited
Umeme Limited is Uganda’s main electricity distribution company listed on the Uganda Securities Exchange and cross-listed on the Nairobi Stock Exchange.
The company operates a 2-year concession effective 1st March 2005, from the Government of Uganda, to operate, maintain, upgrade and grow the electricity distribution system in Uganda.
In Uganda, a single buyer model, with Uganda Electricity Transmission Company as the system operator, responsible for the purchase of electricity from all independent power producers and Umeme’s sole supplier.
The management of the distribution system in Uganda requires Umeme to maintain and operate the distribution network; to collect revenues from customers based on the prevailing tariff set by the Electricity Regulatory Authority in accordance with the licences and the privatisation agreements.
This is to ensure efficiency of the distribution system, to make investments in upgrading, expansion and maintenance of the assets forming the distribution network; and to return control of the distribution assets, including new investments, to Uganda Electricity Distribution Company Limited at the end of the concession.
CMA mandate
The Capital Markets Authority (CMA) is a semi-autonomous body that was established in 1996, following the enactment of the Capital Markets Authority Act Cap 84.
The Authority is responsible for promoting, developing and regulating the capital markets industry in Uganda, with the overall objectives of investor protection and market efficiency. CMA is governed by a Board of Directors comprising a chairperson and representatives from the private and public sector.
The day-to-day operations of the Authority are handled by the chief executive officer and a team of professionals.
• The development of all aspects of the capital markets with particular emphasis on the removal of impediments to, and the creation of incenives for longer term investments in productive enterprises.
• The creation, maintenance and regulation, through implementation of a system in which the market participants are self-regulatory to the maximum practicable extent, and of a market in which securities can be issued and traded in an orderly, fair and efficient manner.
• The protection of investor interests.
• The operation of an Investor Compensation Fund.
HUAWEI
Huawei is a digital telecom company that enables Digital Transformation through All Cloud. But what do digital transformation and All Cloud mean?
Many operators have set themselves on a path to becoming digital Telcos. Being digital is not something new, as operators became digitised long ago. A clear target can inform and direct operators’ future development, and it is therefore the key cornerstone to the renewed discussions surrounding digital Telcos and digital transformation.
Delivering a ROADS experience to operators’ enterprise customers and consumers would be an answer to the question; this should be the target of operators’ digital transformation. ROADS, which stands for Real-time, On-demand, All-online, DIY, and Social, was a concept raised at HAS 2014.
Since then, it has been extensively communicated throughout the industry, and many have agreed it is what operators should aspire to achieve through digital transformation. More specifically, operators’ networks, operation systems, and services have to be fully cloudified – All Cloud is the prerequisite of Telcos’ digital transformation.Non-Telco enterprises too, have also been talking about it.
