KAMPALA — Centenary Technology Services (Cente-Tech), the ICT subsidiary of Centenary Group, has signed a Memorandum of Understanding with the Ministry of ICT and National Guidance to provide growth opportunities for the population through technology innovation.
Speaking at the function in Kampala on Thursday, 14 April 2022, the Centenary Group Chairman Prof. Ddumba Ssentamu informed the delegation from the Ministry of ICT and National Guidance that although they have evolved from a bank into a Group, they remain focused on providing affordable solutions for the population.
“Hon. Minister, I am happy to inform you that the Centenary brand has since transformed from being a bank into a Group structure. Our Vision is to be the preferred Group in financial inclusion and innovative business solutions,” Prof Ddumba said.
“We are hoping that within one year, the Group will have established three additional companies; Centenary Investment Services, Centenary Property Development, and Management Company, and an insurance company,” he added.
In response, Dr Chris Baryomunsi, the Minister for ICT and National Guidance, noted that this partnership provides opportunities for young innovators which fit within the National Development Plan.
“As a nation, we cannot become Africa’s Innovation powerhouse if all we can afford is to take 5 young innovators to expos, we need to transform the thousands of youth by providing them growth opportunities,” he said.
“The Government partnership with Cente Tech means that the demand that Cente-Tech unlocks via the vast network of schools, hospitals, markets, parishes, universities, is an opportunity for our young innovators,” he added.
Dr Baryomunsi further explained that the private sector has a critical role to play in accelerating digital transformation.
“Uganda’s economic growth must be digitally driven – the digital economy is the recipe for job creation, spurring innovation, boosting economic growth and supporting long-term competitiveness in the global digital economy. I thank Cente-Tech for enabling a commercialisation and sustainability path that our young innovators can take on – once our young people get more revenue, they create more jobs. We are indeed primed to become Africa’s Innovation Powerhouse,” he said.
The signed MoU will enable Cente-Tech extend its expertise through ICT advisory and consultancy services to support the Ministry of ICT & National Guidance in developing strategies, implementing infrastructure related services and sharing Cente-Tech’s global & local combined 75 years experience and knowledge to resolve some of the issues faced by Uganda in the ICT sectors.