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4G Capital launches in Uganda

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As part of its strategy to expand across the African continent, 4G Capital has announced the opening of its offices in Kampala as it seeks to provide credit to micro and small enterprises (MSMEs) across the country.

4G Capital has been operating in Kenya since 2013 by providing important financial literacy training blended with unsecured working capital credit.

The company offers unsecured loans to small businesses by using its proprietorial artificial intelligence system to establish correct levels of affordability. Customers receive valuable training in record keeping and inventory systems, financial management and customer relationship skills. As a result, according to a recent survey, 4G Capital’s customers in Kenya recorded an average revenue growth of 82% within one year.

By the end of 2018 the number of 4G Capital customer branches in Kenya reached 70, where over
$21m was disbursed over the course of the year. Collection rates have consistently remained above
the national average, at 94.08%.

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The company recently secured funding from FSD Uganda to conduct important research and support
its rollout across the country. The joint research will provide valuable disaggregated insights on the
finance gap nationwide that will ensure 4G Capital continues to tailor its solution to support those
most in need.

The MSME finance gap in Africa currently stands at $331bn according to the SME Finance Forum, an
IFC organisation. These small businesses contribute to over 50% of Africa’s combined GDP and more
than 80% of employment. But, despite their critical role, many MSMEs suffer from financial
exclusion and limited access to appropriate financial services resulting in inescapable poverty.

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Tanzania reviews law on mediation for investors

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BOB KARASHANI

By BOB KARASHANI
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Tanzania is set to review the contentious arbitration law. A key part of the draft Bill for the proposed 2020 Arbitration Act, tabled in parliament on January 28, includes clauses allowing investors to access international arbitration.

The draft Bill comes on the back of new arbitration announcements filed last month by several multinational mining companies over cancelled retention licences.

It also coincided with a new profit-sharing deal between Tanzania and Canadian mining giant Barrick Gold Corp for the three Barrick-owned gold mines in the country.

One of Tanzania’s concessions to Barrick in the new deal is the right to seek international arbitration in case of disputes.

The draft Bill proposes amendments covering sovereignty over Tanzania’s natural resources and public-private-partnership (PPP) ventures with foreign parties; domestic and international commercial arbitration, as well as “enforcement of foreign arbitral awards” and related matters.

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For example, on PPPs the draft proposes changes that would allow dispute resolution by outside arbitration bodies provided that the proceedings are held in Tanzania.

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This follows amendments to the PPP Act in 2018 that required institutions administering all arbitrations to be from Tanzania.

The amended law will also create a Tanzania Arbitration Centre to host all mediation and deal with arbitrator accreditations.

Canadian firm Winshear Gold Corporation served noticed of intent to litigate on January 10, followed by Australian miner Indiana Resources Ltd on January 15.

Both companies are claiming that Tanzania breached the 2013 Agreement for the Promotion and Reciprocal Protection of Investments—also known as the Bilateral Investment Treaty—along with various international laws and conventions.

They have both declared that they will “pursue any means available”, including going as far as international tribunal level, to protect their investments in Tanzania.

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No sign of engine failure in Kobe Bryant helicopter crash: NTSB : The Standard

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Smoke rises from the site of the helicopter crash in Calabasas, California, on January 26 that killed NBA icon Kobe Bryant, his daughter Gianna and seven others. The NTSB says there is no indication that engine failure was a factor. [AFP/File / Mark RALSTON]

Wreckage at the scene of the helicopter crash that killed NBA great Kobe Bryant and eight others showed no evidence of engine failure, a preliminary report from the National Transportation Safety Board (NTSB) said Friday.


Bryant and his 13-year-old daughter Gianna were among the nine who perished when the helicopter crashed in rugged terrain west of Los Angeles on January 26.

“All significant components of the helicopter were located within the wreckage area,” according to the report. “Examination of the main and tail rotor assemblies found damage consistent with powered rotation at the time of impact.

“Viewable sections of the engines showed no evidence of an uncontained or catastrophic internal failure.

SEE ALSO :Nine people dead in Kobe Bryant helicopter crash: official

“The No. 2 engine first-stage compressor blades exhibited tip curl in the direction opposite of rotation, consistent with powered rotation at the time of impact.”

Friday’s report was a summary of investigators’ findings so far. A final report identifying the cause of the crash is expected to take at least a year to complete.

Investigators from the NTSB and other bodies are considering what role heavy fog that Sunday morning might have played.

For More of This and Other Stories, Grab Your Copy of the Standard Newspaper.  

“Our investigators have already developed a substantial amount of evidence about the circumstances of this tragic crash,” NTSB Chairman Robert Sumwalt said in a statement.

“And we are confident that we will be able to determine its cause as well as any factors that contributed to it so we can make safety recommendations to prevent accidents like this from occurring again.”

SEE ALSO :Kobe Bryant’s final tweet hours before dying in helicopter crash

In addition to 41-year-old Bryant and Gianna, those killed in the crash were her basketball teammates Alyssa Altobelli and Payton Chester, Alyssa’s parents John and Keri Altobelli, Payton’s mother Sarah Chester, basketball coach Christina Mauser and pilot Ara Zobayan.

They were heading to a girls’ basketball tournament at Bryant’s Mamba Sports Academy in suburban Thousand Oaks having departed from John Wayne Airport in Orange County.

The deaths rocked the NBA and the wider sporting world as well as Los Angeles — where Bryant won five NBA titles playing for all of his 20-year career with the Los Angeles Lakers.

Memorials sprang up around the city as fans left flowers, balloons, basketballs, stuffed animals, jerseys and other memorabilia in Bryant’s honor at the Lakers’ Staples Center arena, the team training facility in suburban El Segundo and as close to the crash site as they could get.

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The Lakers honored Bryant with a pre-game ceremony less than a week after his death and a public memorial for Bryant and the other victims has reportedly been scheduled for February 24 at Staples Center.

SEE ALSO :The 29-year-old helicopter in which Kobe Bryant and his daughter died

The report includes photographs of the crash area in the Santa Monica Mountains, including one from a witness near the site and one from a security camera that shows the helicopter flying into clouds.

It also includes comments from a witness who was on a mountain bike trail and told investigators he heard the helicopter approaching.

He said he saw the blue and white helicopter emerge from the clouds, travelling forward and down, observing it for about two seconds before it crashed.



Do not miss out on the latest news. Join the Standard Digital Telegram channel HERE.

Kobe BryantNational Transportation Safety BoardNTSBGianna Bryant

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How the Boma International Hospitality College is changing the hospitality and fine dining training industry : The Standard

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Are you a high school graduate who has a desire to venture into the hospitality business? Are you someone who has always desired to go into the hotel business? You have been searching for the best college to go to for the necessary skills and are on the verge of giving up on your dream? Or are you currently in the hotel business but are looking to sharpen your skills and get internationally recognized school certificates? Here is a college that is looking to help you nurture your talents, ambitions and give you the vital skills to venture in this industry,


The Boma International Hospitality College (BIHC) in partnership with the Business and Hotel Management School (BHMS) in Switzerland are looking to nurture your interest in the hospitality industry and empower your ambitions. They have a developed state of the art study program which is designed to facilitate access to demanding, while rewarding careers.

BIHC, through their Professional Hospitality Development Program, have set out to train and retrain professionals across various departments of the Hospitality Industry through tailor- made programs and short courses. These involve, front office operations, food and beverage service techniques, professional chefs’ course, housekeeping and laundry operations, among others. This program will not only rejuvenate the student by improving their skill- set but also affirm BIHC’s stand as a top national and regional leader in hospitality training.


Students in class at The Boma International Hospitality College.

The curriculum maintains a strong emphasis on Swiss tradition of balancing theories with immediate practical applications within the and most central operating areas. These are, the Food and Beverage and Rooms Division departments at the Boma Hotel Complex which are part of the Applied Hotel Operations module.

This college is fully equipped with all the necessary equipment. Fitted with modern training kitchens, training restaurants and bars and access to all front and back-of – the house facilities of The Boma Hotels. These include Front office, Housekeeping, Spa and Health Club areas. There has been a recent expansion of facilities and introduction of a new e-learning Resource Centre and lecture rooms equipped with the latest audio-visual equipment, labs and a computer center. Alongside all these good things, all students have good access to Internet, Intranet and Campus- wide wireless connection.

Theory can get boring but at BIHC, they don’t just prioritize that since there are obviously practicals for you while you are enrolled there, I mean how else will you know how to cook and be an expert in hospitality if you don’t practice it? However, that’s not all, at the Boma Franchise, the programs include periods of externships at leading international and local hospitality brands, where the students are expected to prove their skills, knowledge and attitudes. This is done under direct monitoring of professionals who ensure to do their very best to provide guidance for the students’ professional benefit. The students, that is You and I… may undertake PAID International Internship programs in the USA, Middle East and the Caribbean as part of their study package.

For More of This and Other Stories, Grab Your Copy of the Standard Newspaper.  

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BIHC has ingeniously designed their courses to prepare the students for various positions in the industry globally, with Diploma and Certificate courses which have intakes in January, May and September. Alongside these, there are short courses in International Cookery and Pastry which run separately on weekends or weekdays throughout the year.

With all these, you are on your way to being a hospitality expert and a culinary mastermind. Besides, you could even start your own restaurant and put all those good skills to use. However, Charity begins at home, start by showing off your new skills to your family and friends. I believe you will be the chef you have always imagined to be.

Now go forth and make your dreams come true!



Do not miss out on the latest news. Join the Standard Digital Telegram channel HERE.

Boma International Hospitality CollegeBusiness and Hotel Management SchoolBIHCBHMS

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