By Mourice Seretta
Simba Foundation and UAP Old Mutual Faulu Foundation have partnered to provide technical and entrepreneurship training to underprivileged youth.
The program will see more than 70 students trained in Nairobi, Kisumu and Mombasa counties for three years with a guaranteed paid internship during the training period. In this innovative model that encourages Competency Based Education and Training (CBET), the beneficiaries will be earning while learning skills that are much sought after by the industry.
“As a Foundation, we are proud to be championing the empowerment of the youth of this country by equipping them with skills and values for a productive future. There is an evident skilling gap in technical skills in this industry, and we hope to bridge that through this training. This training has been in place, but we are expanding it further through the partnership with UAP Old Mutual Foundation”, said the Chairman of Simba Corporation Limited, Mr. Adil Popat.
On her part, Mrs. Susan Omanga, the chairperson of the UAP Old Mutual Foundation emphasized the core objective of the program which is to uplift the livelihoods of young people and their families in the country. “We are glad to be partnering with Simba Corporation Limited under this initiative.
As a foundation, we have also partnered with some of our service providers like garages for the internship opportunities that will be provided to the students. The youth need this kind of support, and we are glad to be playing a role in supporting them, and in helping to shape their future” added Mrs. Omanga during the signing ceremony launching the partnership between the two organizations.
The project, which will be implemented through St. Kizito Vocational Training Institute in Nairobi, The Kisumu National Polytechnic in Kisumu and Christian Industrial Training College in Mombasa, as an expansion of an initiative that began in 2016 by Simba Foundation. To date, 135 youth have benefitted from the program and many of them are currently employed or running their micro-enterprises.
UAP Old Mutual Group is a subsidiary of Old Mutual Limited, a listed company on the Johannesburg Stock Exchange with secondary listings on the London, Malawi, Namibia and Zimbabwe stock exchanges. As a Pan-African financial services company with a strong heritage of 175 years, it has a presence in 13 markets across Africa. In East Africa, the Group has over 1.5M customers, 1,400 employees, 12 iconic properties, and over USD 2B in funds under management in the region.
In Kenya where it has been serving customers for 100 years, the UAP Old Mutual Group has the third largest short-term insurance business and a fast-growing Life Assurance business. It has established diverse distribution networks via brokers, an agency force, direct sales, bancassurance, digital channels and supermarkets.
In South Sudan, the Group has the largest short-term insurance business. In Uganda, the Group has the largest Life Assurance Business and has the second-largest short-term business in the country. UAP Old Mutual also has short term insurance businesses in Rwanda and Tanzania.
Regionally the Group has a Kshs. 20B property portfolio with iconic buildings; Equatoria Tower in South Sudan, Nakawa Business Park in Uganda and UAP Old Mutual Tower in Nairobi among others.