Old Mutual, the nation’s leading financial services provider, has launched the Eight2Five Innovation Hub in partnership with Udugu Institute. The journey of The Hub started in 2016 with a vision to create a place where dreams and ideas would be realised. Today this vision has come true. The Hub will capacitate youth-run start-ups while increasing innovation capabilities within the business. Through the Hub, Old Mutual will also build its product offering through partnerships with start-ups and entrepreneurs. Udugu Institute seeks to create an institute that allows young innovators and innovation to thrive as they work to create the future of Africa, and its partnership with Old Mutual will drive this vision forward. Innovation is the cornerstone of Old Mutual. Sam Matsekete, Old Mutual Group CEO, shared that the launch of Eight2Five signifies an essential element of Old Mutual’s evolution as a business. “Current times are changing very fast, demanding more to be done and achieved in less time. There seem to be more complexities, demanding more solutions,” he said. “Therein lies the biggest opportunity of today: to innovate and continue to innovate solutions. Innovation should be the cornerstone of any organization that has the customer at heart. By innovating, we continue to create value for the benefit of customers and all stakeholders.” Honourable Kirsty Coventry, Minister of Youth, Sports, Art and Recreation applauded Old Mutual for believing in the youth of Zimbabwe, and providing them with a Hub that is world-class standard. Young Zimbabweans are adaptable and are consistently working to transform their lives, and to shine on the global stage despite challenges. “Talent is equally spread but opportunity is not. By launching Eight2Five, Old Mutual is creating an opportunity for young people, and it’s up to them to grab the opportunity with both hands and run with it. You may stumble and fall, but the Old Mutual team is here to help you over the finish line,” she said. Honourable Coventry encouraged young people to innovate, take new opportunities that arise, and develop them. The older generation also has a critical role in teaching and developing young people, opening their minds to different ways of thinking. The Ministry of Youth, Sports, Art and Recreation will be a key partner in the growth of the Hub and the development of youth. Based at 3 Anchor House in Harare, the Hub will house young entrepreneurs representing various sectors, including insurance technology, financial technology and the creative sector. The Hub provides a co-working space that includes hot desks, private offices, meeting rooms, a cafeteria as well as an auditorium for hosting events. The Hub will also run incubation programmes that assist start-ups to formalise their businesses, and acceleration programmes that will help small businesses get to the next level and prepare for investor engagement. Lillian Mbayiwa, Old Mutual Head of Group Marketing and Innovation, reinforced why the Eight2Five Hub launch is important to Old Mutual a
