Saturday, July 24We Break the News

Business

Jul242021 by Ronald KabuubiNo Comments
MTN Uganda Launches New Digital Home of sports

MTN Uganda Launches New Digital Home of sports

Business, DIGITAL, EAST AFRICA, Football, MTN, South Africa, Sports, UGANDA
The “MTN Sports” Website This follows MTN’s active engagement in Ugandan sports over the years. The MTN Sports Website is an online hub to showcase the best and most promising and prolific talent that Ugandan sport s has to offer. Visit sports.mtn.co.ug ug to catch the latest from your Ugandan sports heroes and discover the most up-to-date information including the Upcoming Olympics. Somdev Sen the MTN Chief Marketing Officer Friday 23rd July 2021: Kampala- Uganda; MTN Uganda has launched a dedicated online home of UG sports dubbed “MTN Sports” to give Ugandan sports enthusiasts a one-stop point for all sports related news, analysis and updates. This innovation is hinged on MTN’s vision of delivering the benefits of a digital world to its customers. Since it opened shop ...
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Jul222021 by Ronald KabuubiNo Comments
Press Release – MTN Uganda to Award the Best SUPL Football Club, Players, Coaches as chosen by the fans.

Press Release – MTN Uganda to Award the Best SUPL Football Club, Players, Coaches as chosen by the fans.

Business, EAST AFRICA, FIFA, FIFA, Football, FUFA, MTN, South Africa, Sports, UGANDA
Dubbed the MTN SUPL Fans Awards, the initiative follows the completion of the 2020-2021 SUPL season that involved fans voting for their best performing players, coaches, and clubs, The awards follow the successful five-months online engagement spearheaded by MTN to keep the football passion alive amidst the COVID-19 Pandemic. The awards are in favour of the club and personalities solely chosen by the SUPL football fans. Up to three fans with the highest online engagements shall also win cash. Fans can vote (from the monthly winners’ shortlist) for their favourite footballer, coach, and club on the MTN website sports.mtn.co.ug/fansawards and via the Sanyuka TV Facebook page. Thursday, 21st July 2021: Kampala- Uganda; MTN Uganda, the number one supporter of football in Uganda an...
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Jul212021 by Ronald KabuubiNo Comments
Uganda’s President Yoweri Museveni rejects loans for importation of buses

Uganda’s President Yoweri Museveni rejects loans for importation of buses

Business, EAST AFRICA, KCCA, UGANDA
KCCA, METU bus industries finalize plans for GKMA STATE HOUSE, ENTEBBE: Kampala Capital City Authority and the METU bus industries have finalized plans for the company to assemble and manufacture buses to ease transport needs in the greater Kampala Metropolitan Area (GKMA). KCCA Executive Director Dorothy Kisaka leads her delegation to State House.Courtesy Photo. “The idea of producing buses and trains in Kampala is to lessen the crowds and reduce piki piki. Katabazi says if you give me concession to operate Kampala Services, I fabricate and operate here. KCCA doesn’t have to incur costs. He will recover his costs through operations. This will address the issue of too many small operations at zero budget for government,” the President said. The President in a final push to get...
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Jul212021 by Ronald KabuubiNo Comments
President Kenyatta visits multi-agency security team in Boni Forest

President Kenyatta visits multi-agency security team in Boni Forest

AFRICA, Business, EAST AFRICA, KENYA, Nairobi, Security
LAMU, 21st July 2021 (PSCU) - President Uhuru Kenyatta on Wednesday visited the multi-agency team of Kenyan security officers undertaking a joint operational training in Boni Forest, Lamu County.  The Field Training Exercise (FTX), is part of a broad Whole-of-Government approach to the delivery of security services by leveraging on interoperability of Kenya's security assets.  The FTX, which is coordinated by the Kenya Defence Forces (KDF), brings together troops from the different security formations in the country among them Kenya Police Service (NPS), National Youth Service (NYS), Kenya Wildlife Service (KWS), Kenya Forest Service (KFS) andbKenya Coast Guard (KCG) with a view of attaining high levels operational efficiency. At the camp, the President, who was accompan...
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Jul212021 by Ronald KabuubiNo Comments
PART ONE: dfcu Bank’s Digital Transformation Journey: Banking at the speed of you!

PART ONE: dfcu Bank’s Digital Transformation Journey: Banking at the speed of you!

AFRICA, Banking World, Business, dfcu Bank, EAST AFRICA
Digital technologies have dramatically reshaped industry after industry. Digital transformation is now universally regarded as essential for businesses to remain viable and competitive according to a digital transformation survey done my McKinsey Global.  The survey also highlights that businesses are heading unequivocally towards becoming digital from top to bottom. For those that are not transforming with urgency, the negative consequences will become compounded to the point of being untenable. dfcu Bank started its digital transformation journey in 2017 and has registered considerable progress overtime. The Bank in its latest endeavors has launched a campaign dubbed “Banking at the speed of you” that speaks to their digital transformation agenda as a Bank. We caught up with Lloyd Jo...
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Jul202021 by Ronald KabuubiNo Comments
V&A Waterfront Endorses African Energy Week 2021, Contributes to Tourism Recovery

V&A Waterfront Endorses African Energy Week 2021, Contributes to Tourism Recovery

AFRICA, Business, ENERGY, South Africa
Official endorsement by the country’s leading tourism destination reaffirms the value of events in a post-COVID-19 context Access Multimedia ContentCAPE TOWN, South Africa, July 20, 2021/ -- The African Energy Chamber (www.EnergyChamber.org) is proud to announce that the V&A Waterfront, the country’s leading tourism destination, as official host partner of the upcoming African Energy Week (AEW) 2021, taking place in Cape Town on the 9th-12th of November 2021; Representing the first and only in-person Africa-focused energy event taking place in Africa in 2021, AEW 2021 is expected to have significant impacts on Cape Town’s event industry, driving revenue and tourism in the wake of the COVID-19 pandemic; Endorsement and support by the V&A Waterfront furthers AEW 2021’s agenda of ...
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Jul192021 by Ronald KabuubiNo Comments
MTN Uganda Recognizes the Power of The Youth

MTN Uganda Recognizes the Power of The Youth

Business, EAST AFRICA, MTN, South Africa, UGANDA, Youth
It is often said that the Youths are the Vanguards of the Future. This inevitably presupposes that there is an immense need to guide, empower and prepare them for the imminent future. As a company that envisions delivering the benefits of a modern connected world, MTN has taken a strong position on harnessing the infinite power held by the youth to make this vision a reality not only for the leaders of today, but also for the leaders of Tomorrow. Somdev Sen, MTN Uganda’s Chief Marketing Officer, tells us how the company is engaging the youth. What does Uganda having such a young population mean to MTN? A young population presents massive opportunities for both the youth and the MTN brand. At MTN, we believe that everyone deserves the benefits of a modern connected world, so for ...
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Jul192021 by Ronald KabuubiNo Comments
MTN bed donations increase safe deliveries in govt health centres

MTN bed donations increase safe deliveries in govt health centres

AFRICA, Business, EAST AFRICA, HEALTH, Health Workers, Ministry Of Health, MTN, South Africa, UGANDA, World Health Organization
Mbale,Uganda:Before 2018, Busiu Health Centre IV in Mbale district received about 60 women delivering at the facility every month.  The health centre which at the time had very limited beds tried to house the mothers for at least 24 hours for purposes of medical review in vain.    “Initially we would tell the mother to stay around for 24 hours but when there was no room for the mother to sleep, she would go away,” Dr Maumbe Bernard the in-charge Busiu Health Centre IV narrates.  MTN Foundation led by MTN Uganda CEO Wim Vanhelleputte handed over 10 beds, mattresses, bedsheets and mosquito nets to the district health officer Dr Jonathan Wangisi. The early departure of the mothers from the health centre was one of the reasons why some of the newly born babies died ...
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Jul172021 by Ronald KabuubiNo Comments
URA REGISTERS HIGHEST REVENUE GROWTH IN THE LAST FOUR YEARS

URA REGISTERS HIGHEST REVENUE GROWTH IN THE LAST FOUR YEARS

Business, Tax, UGANDA, URA
1 ANNUAL PRESS BRIEF Period: July 2020 to June 2021 Theme: 30years of Developing Uganda Together 2 1. Introduction I greet you all and take the opportunity to welcome you to this press conference. As URA, we condole and stand with all Ugandans who have lost loved ones during this difficult period. We also commiserate with the business community upon the loss of two key leaders namely; Mr Gideon Badagawa (PSFU) and Mr Evaristo Kayondo (KACITA-U) who provided stewardship to the business community through very difficult times. There is no family, company or institution that has not been affected in one way or another by this pandemic. Let’s observe a moment of silence in respect of all the departed souls. May their souls rest in eternal peace. In this press conference, we will focus on the r...
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Jul172021 by Ronald KabuubiNo Comments
Prioritize emotional well-being of staff during lockdown – MTN GM HR Michael Kawesa Sekadde

Prioritize emotional well-being of staff during lockdown – MTN GM HR Michael Kawesa Sekadde

Business, MTN, South Africa, Telecom, UGANDA
Kampala,Uganda: It is overwhelming how much sad news is flying over different social media platforms, once a home of laughter and comedic memes. The second wave of the virus has taken a toll on everyone forcing the country back to lockdown in a bid to mitigate spread of the virus. HR Michael Sekadde Whereas lockdown might block out the virus, it has affected people mentally. A report by Uganda Bureau of Statistics indicates that 5 per cent of the respondents were clinically depressed. The incidence was found majorly in elderly respondents around 65 years of age and above. A significant number of respondents between the age of 44 and 54 years were also found to be clinically depressed on account of their employment status and negative changes in business incomes. Centers for di...
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Jul122021 by Ronald KabuubiNo Comments
Use Social Media and Digital Channels to enhance Customer Experience this lockdown-

Use Social Media and Digital Channels to enhance Customer Experience this lockdown-

Business, HUMAN INTEREST STORIES, INTERNATIONAL, INTERNET, MTN, Social Media, South Africa, UGANDA
– Dorcas Muhwezi, MTN General Manager Customer Experience We are back to lockdown and just like we saw in the first wave, businesses are now operating online.  One thing covid has taught us, is that the internet is no longer a nice to have or a luxury. The Internet is a necessity. The internet is the place where customers window shop, purchase and air out views on products and services offered by companies. Make sure you have online presence. Dorcas Muhwezi, MTN General Manager Customer Experience  Unlike the earlier days where customers sneakily wrote their views on paper and dropped them into suggestion boxes hoping that no one would recognize their handwriting, today, customers take to social media to publicly appreciate and also vent their frustration. Emergence of t...
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Jul102021 by Ronald KabuubiNo Comments
Transforming Agri-Food Systems to the Sustainable Development Goals

Transforming Agri-Food Systems to the Sustainable Development Goals

AFRICA, Business, Egypt, HUMAN INTEREST STORIES, INTERNATIONAL
Hand-in-Hand with the private sector CAIRO, Egypt, July 8, 2021/APO Group/ -Transforming the world’s agri-food systems, the way we produce, process, distribute and consume food has been identified as one of the key avenues to achieving many targets of the 2030 Agenda. This means better production, better nutrition, and a better environment, for a better life. The 2021-2025 FAO strategy for private sector engagement reflects a new forward-looking vision for strengthening strategic engagement with the private sector towards achieving the Sustainable Development Goals (SDGs). It recognizes that mobilizing the capacities and resources of the private sector is essential for achieving the SDGs, particularly SDG2: End hunger, achieve food security and improved nutrition and pro...
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Jul102021 by Ronald KabuubiNo Comments
African Development Bank Group’s $6 million grant kicks off Desert-to-Power West Africa Regional Energy Program

African Development Bank Group’s $6 million grant kicks off Desert-to-Power West Africa Regional Energy Program

AFRICA, Banking World, Business, HUMAN INTEREST STORIES, INTERNATIONAL
Desert to Power, an initiative led by the Bank, is expected to transform the Sahel by harnessing the region’s abundant solar potential ABIDJAN, Ivory Coast, July 9, 2021/APO Group/ --  The Board of Directors of the African Development Bank Group (AfDB.org) has approved a $6 million grant to launch the initial phase of the Desert to Power West Africa Regional Energy Program. Desert to Power, an initiative led by the Bank, is expected to transform the Sahel by harnessing the region’s abundant solar potential. The grant funding, sourced from the African Development Fund’s 15 (ADF-15) Regional Operations Envelope, will go to the West African Power Pool (WAPP) to conduct pre-feasibility studies for the construction of the Sahel Transmission Backbone that will link regional solar ...
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Jul102021 by Ronald KabuubiNo Comments
Mining: FG set to launch Nigerian made barite

Mining: FG set to launch Nigerian made barite

AFRICA, Business, DEVELOPMENT, Nigeria, PAN AFRICA, West Africa
The Federal Government has announced that it will soon launch made-in-Nigeria barite, as it explores expanding mining operations in the country. This was disclosed by Minister of Mines and Steel Development, Mr Olamilekan Adegbite, in a meeting with Mr Ogbonnaya Orji, Executive Secretary, Nigeria Extractive Industries Transparency Initiative (NEITI), on Friday in Abuja, according to the News Agency of Nigeria. What the Minister said The Minister disclosed that the Ministry has succeeded in achieving the development of barite from extraction, milling and bagging stages to support local industries, as well as for export, adding that Nigeria bagged barite has “Proudly Nigeria” as its logo. He said, “The Ministry of Mines and Steel Development in its bid to develop the value c...
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Jul92021 by Ronald KabuubiNo Comments
LG temporarily suspends plans to sell Apple devices at its Best Shop locations

LG temporarily suspends plans to sell Apple devices at its Best Shop locations

Business, SMART PHONES, SOUTH KOREA, TECHNOLOGY
LG’s plans to sell iPhones at its Best Shop locations have been put on hold after a public outcry from small and medium-sized businesses. The South Korean government has a policy that is meant to shield smaller retailers by keeping giants like Samsung and LG from selling competing products at the stores they own. The worry is that if they do, these larger retail locations will draw customers away from the smaller ones – and those are already quite vulnerable due to the pandemic. Of course, Samsung wasn’t a fan of this plan either as it feared that the expanded availability of iPhones will threaten its domestic market share of 5G phones. LG has over 400 Best Shops around the country. LG has some internal concerns too. The sale of Apple products will pull manpower...
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Jul92021 by Ronald KabuubiNo Comments
Absa Uganda introduces MTN MoMoPay payments on point of sale terminals

Absa Uganda introduces MTN MoMoPay payments on point of sale terminals

Absa Uganda, AFRICA, Bank Of Uganda, Banking World, Business, EAST AFRICA, MTN, South Africa, UGANDA
Kampala, Uganda 8th.July. 2021 | (Above Caption) Mr. Mumba Kalifungwa, the Chief Executive Officer of Absa Bank Uganda Limited welcomed the innovation between Absa Bank and MTN Uganda. Absa Bank Uganda and MTN Mobile Money Uganda Limited have today announced the introduction of mobile money payment functionality, also known as MTN MoMoPay on Absa Point of Sale (POS) machines/terminals. The service is open to all MTN Uganda mobile money account holders, who can now make payments on any Absa POS machine, regardless of whether they hold an account with the bank. MTN Uganda Mobile Money General Manager Stephen Mutana noted that the innovation between ABSA Bank and MTN MoMo would bolster the digitalisation of Uganda's economy Announcing the partnership, Absa’s Managing Director, M...
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Jul82021 by Ronald KabuubiNo Comments
Oil stabilises as Opec squabbles continue

Oil stabilises as Opec squabbles continue

AFRICA, Business, PAN AFRICA
Oil prices steadied after two days of losses amid uncertainty over supply after the collapse this week of talks among major producers that could potentially cause the current output agreement to be abandoned. Brent crude oil futures edged higher by 2 US cents to $73.45 a barrel by 4.13am GMT after earlier falling to as low as $72.93. US West Texas Intermediate futures were down 10c, or 0.1%, at $72.10 a barrel. Brent prices have fallen nearly 5% since Monday’s close after talks between oil cartel Opec and its allies, including Russia, known as Opec+, fell apart when de facto leader Saudi Arabia refused demands from the United Arab Emirates (UAE) to raise its output under the group’s supply cut agreement. “The oil market is looking beyond the oil supply deficit in August and e...
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Jul72021 by Ronald KabuubiNo Comments
Zimbabwe’s new biggest banknote is worth just $0.60

Zimbabwe’s new biggest banknote is worth just $0.60

AFRICA, Banking World, Business, ZIMBABWE
Zimbabwe’s central bank on Tuesday announced the introduction of a new 50-dollar note, the country’s highest denomination, worth only around $0.60 in US currency. Insufficient to pay even for a loaf of bread, the bill’s entry into circulation has revived memories of hyperinflation seen more than a decade ago in the southern African nation. As price growth spiralled out of control, denominations at the time mounted as high as a 100-trillion-dollar note. Award-winning journalist and government critic Hopewell Chin’ono scoffed at the new banknote, which at the unofficial black market exchange rate will be worth just $0.35 in US dollars. “It tells you something about inflation in your country if you need 3 notes of your highest currency denomination to buy a premium beer in a supermark...
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Jul62021 by Ronald KabuubiNo Comments
Ghana proposes Africa’s first $2 billion social bonds

Ghana proposes Africa’s first $2 billion social bonds

AFRICA, Business, Ghana, PAN AFRICA, PRESIDENT, West Africa
Nana Akufo-Addo, Ghana's President Ghana plans to issue up to $2 billion in green and social bonds by November, making it the first African country to sell debt to support development projects. Ghana would become a leader in African social bond issuance, capitalizing on an instrument that has grown in popularity since the coronavirus pandemic, according to Bloomberg. A green bond is a fixed-income instrument designed particularly to raise funds for climate and environmental projects. Because these bonds are usually asset-linked and backed by the issuing entity’s balance sheet, they normally have the same credit rating as the rest of the issuer’s debt obligations. Only a few sovereigns, like Chile and Ecuador, have sold them so far. Despite having posted its lowest economi...
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Jul62021 by Ronald KabuubiNo Comments
Emirates Airline launches alternative payment solution for flight tickets

Emirates Airline launches alternative payment solution for flight tickets

Business, INTERNATIONAL, Transport, TRAVEL, UAE
An Emirates plane is seen at Lisbon's airport, Portugal June 24, 2016 Dubai-based Emirates Airline has launched Emirates Pay, a new industry payment solution for purchasing flight tickets, Dubai Media Office reported on Monday. “We’re pleased to be the first airline to roll out this new account-based solution for our customers,” Dubai Media Office quoted Emirates’ chief financial officer Michael Doersam as saying. “Customers who don’t have a credit card, and those already using direct payments for other purchases, will welcome the simplicity and security of this method when making travel purchases. When it comes to payments solutions, we’ve always kept close to the latest innovations so that we can offer our customers in different markets the most secure and convenient options,” ...
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