Stanbic Uganda Holdings Limited (SUHL) through its fintech subsidiary FlyHub, has announced a five-year partnership with Refractory Academy to equip local business leaders, entrepreneurs, government and civil society organizations with strategic support and skills to enable them to guide their respective companies through the digitization process.
The CEO of Stanbic Uganda Holdings Uganda, Andrew Mashanda said while addressing the press at Stanbic Uganda Holdings Uganda’s head offices in Kampala said the partnership with Refractory, a training academy that offers alternative industry-led skilling services for the technology sector —is in line with Stanbic Uganda’s purpose of driving Uganda’s National Development Plan “Vision 2040“.
“The partnership with Refactory is in line with Stanbic Uganda’s purpose of driving Uganda’s growth and will create industry-relevant tools to quicken the pace of digital transformation in line with Uganda’s National Development Plan “Vision 2040”, and The National ICT Digital Uganda Vision both of which are relevant to Stanbic Holdings’ vision of becoming a platform business that leverages digital technology to improve the overall client experience and tap into new ecosystems,” remarked Mashanda.
Refactory Academy Programme Director, Michael Niyitegeka welcomed the partnership. “We are excited to enter this partnership with Stanbic Uganda and very much looking forward to collaborating with FlyHub to support business leaders and individuals to navigate their digital transformation journeys,” Niyitegeka noted.
While the government and leaders in the private sector appreciate that digital transformation is vital to the development of the country, there is an apparent lack of understanding of exactly where to begin, what tools are appropriate for them to use, and how they can make wise investments in the right technology when they just want to focus on their businesses.
FlyHub’s CEO, Joel Muhumuza said “The partnership will help demystify, through the masterclasses, what digital transformation for businesses means by creating a tool kit to allow institutions, and individuals to evaluate themselves and see where they need to begin, and what potential tools they need to go to the next level.”
Muhumuza remarked that the goal is to create digital masterclasses that are curated and fine-tuned for business leaders and leaders of institutions to help them guide the organizations through digital transformation.
Business leaders will undergo tailored training modules to help them understand how they can best steer their teams as they invest in IT assets. At least four targeted masterclasses are expected to be organized — one per quarter over the next five years, with each intake targeting at least two dozen business leaders.
In addition to designing the masterclasses, FlyHub and Refactory will also collaborate in developing toolkits that will be availed to all customers of Stanbic Uganda Holdings to use in the process of examining their respective organization’s digital transformation readiness.
Business leaders who participate in the training will be enabled to access digital software development services from FlyHub and Refractory on a trial basis before they decide to formally enlist for expert support.
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