Wednesday, June 16We Break the News

Business

Standard Chartered announces resilient business performance with record Total Assets growth of 21.5% and Customer deposits growth of 27.1% in 2020

Standard Chartered announces resilient business performance with record Total Assets growth of 21.5% and Customer deposits growth of 27.1% in 2020

AFRICA, Banking World, Business, COVID-19, INTERNATIONAL, Standard Chartered Bank, UGANDA
Kampala - 04 May 2021: Standard Chartered Bank announces it delivered a resilient and competitive performance for the year ended 31 December 2020 with Total Assets growth of 21.5% to Ugsh. 3,831 Bn and Customer deposits growth of 27.1% to Ugsh 2,712 Bn in 2020. Mr Albert Saltson, Standard Chartered Bank Chief Executive Officer while commenting on the Bank’s performance said: “Our performance remained buoyant in the face of the extraordinary challenges posed by the pandemic and associated economic contraction. We made good progress on our strategic initiatives and our financial performance was overall very resilient. As we look to the future, I am fully confident that the foundations we have built will help us deliver our strategic priorities and further strengthen our c...
President dissolves cabinet, “We have worked collectively”

President dissolves cabinet, “We have worked collectively”

AFRICA, Business, EALA, EAST AFRICA, HUMAN INTEREST STORIES, INTERNATIONAL, POLITICS, UGANDA
STATE HOUSE, ENTEBBE: President Yoweri Museveni has today formallymarked the end of 2016-2021 cabinet business and formally dissolvedcabinet at a ceremony held at State House Entebbe.“On behalf of NRM and government, I thank you collectively andindividually for serving your country for the last five years,” he said at aluncheon hosted by the President and the First Lady shortly after endingcabinet business.The President commended the outgoing cabinet for being excellent in theexecution of their work in driving Uganda’s economy towards a middle-income status despite the outbreak of Covid-19 pandemic.Acknowledging that the COVID-19 pandemic rolled back some of theeconomic gains the country had made, the president said urged the formercabinet members not to underrate their performance.“T...
MTN UGANDA RESPONDS TO HIGH COURT RULING ON TRANSITIONAL LICENSE FEES.

MTN UGANDA RESPONDS TO HIGH COURT RULING ON TRANSITIONAL LICENSE FEES.

AFRICA, Business, EAST AFRICA, HUMAN INTEREST STORIES, INTERNATIONAL, MTN, South Africa, TECHNOLOGY, UGANDA
TUESDAY 4TH May 2021 – Kampala, Uganda: On April 24, 2021, MTN Uganda received a ruling from the Civil Division of the High Court of Uganda, (Miscellaneous Cause Number 240 of 2020), in relation to a transitional license fees of US$ 14,140,030 (United States Dollars Fourteen Million, One Hundred Forty Thousand, thirty only) assessed by Uganda Communications Commission (UCC) for the period October 2018 to June 2020.While MTN Uganda respects the decision of the High Court; it appreciates that the Laws of Uganda provide an opportunity to have this matter reviewed by the Court of Appeal. MTN is confident that the Court of Appeal will at an appropriate time, consider all matters raised by MTN comprehensively and pronounce itself in accordance with the law and evidence on record. MTN Ugan...
MTN Reduces Mobile Money Withdrawal Fees.

MTN Reduces Mobile Money Withdrawal Fees.

AFRICA, Business, EALA, EAST AFRICA, MTN, South Africa, UGANDA
Stephen Mutana while addressing the press at the MoMo withdrawal price cut press conference MTN’s new Mobile Money withdrawal fees went into effect on Saturday 1st May 2021. In addition to the reduced rates, customers also get MTN Senkyu points for withdrawing mobile money as well as using other MTN MoMo services The reduced MTN Mobile Money withdrawal rates are some of the lowest in the country, and together with the Senkyu Points benefits, MTN MoMo offers the best value for mobile money customers across Uganda. Monday 3rd May 2021: Kampala-Uganda: MTN Uganda has today announced the reduction of its Mobile Money withdrawal fees. The change took effect on Saturday 1st May 2021. The reduced withdrawal rates coupled with the Senkyu points that one earns when withdrawing m...
MTN and Salam Deliver Ramadan alms to Eastern Uganda

MTN and Salam Deliver Ramadan alms to Eastern Uganda

AFRICA, Business, COVID-19, EAST AFRICA, HEALTH, HUMAN INTEREST STORIES, INTERNATIONAL, Ministry Of Health, MTN, TECHNOLOGY, WORLD
As the Muslim community continues to observe the holy month of Ramadan, MTN Uganda and Salam Foundation have carried on with delivering support towards the groups of Muslim communities that have been at the forefront of fighting Covid-19. This is their way of thanking them for their tremendous efforts and to offer them some relief as they observe their month-long fasting period. The MTN and Salam Team with the staff of the Mbale Regional Referral Hospital Since the beginning of Ramadan, MTN and Salam Foundation have so far delivered assorted Ramadan items to various Frontline workers in the Muslim communities to support them during Ramadan. The food items donated include Rice, Wheat flour, Maize flour, sugar, beans and cooking oil among others. The first beneficiaries were The Mu...
Polly Namaye lauds MTN for Donating Ramadan Alms to Kampiringisa National Rehabilitation Center

Polly Namaye lauds MTN for Donating Ramadan Alms to Kampiringisa National Rehabilitation Center

AFRICA, Business, EAST AFRICA, HUMAN INTEREST STORIES, INTERNATIONAL, MTN, South Africa, UGANDA, Uganda Police Force, WORLD
As the muslim community continues to observe the holy month of Ramadan, MTN Uganda and Salam Foundation have carried on with delivering support towards the groups of muslim communities that have been at the forefront of fighting Covid-19. This is their way of thanking them for their tremendous efforts and to offer them some relief as they observe their month-long fasting period. Polly Namaye (2R) and Ian Mugambe (R) handedover Ramadan alms to the Principal (3L) The Ramadan with MTN project started with an Iftar dinner at Hotel Africana and thereafter, food alms were delivered to the Kibuli and Old Kampala mosques before rolling out to the various muslim communities around the country. The items donated included Rice, maize flour, sugar, beans and cooking oil among others. Early t...
Quicker treatment for patients as MTN blood plasma extractor accelerates component extraction

Quicker treatment for patients as MTN blood plasma extractor accelerates component extraction

AFRICA, Business, EAST AFRICA, EUROPEAN UNION, HEALTH, HUMAN INTEREST STORIES, INTERNATIONAL, MTN, PRAU, South Africa, TECHNOLOGY, Twitter, UGANDA, UN Women, UNHCR, WORLD
Kampala,Uganda:Patients in need of blood are receiving quicker treatment following an MTN Uganda donation of the automated blood component extractor to Uganda Blood Transfusion services (UBTS) which mines components faster. Prior to the donation, UBTS used manual methods of blood component extraction which took about 30 minutes to extract samples from about ten samples compared to the one minute using the automated machine. The process, Otekat says was slow leading to equally tortoise-paced service provision to hospitals and patients in need of blood components for treatment especially those in regional areas. However, Ms Grace Otekat head of laboratories UBTS says the machine has now enabled the blood bank improve component extraction which is critical to the treatment of ac...
Kibanda Xpress puts Ugandan Movies at the Fingertips of MTN Customers

Kibanda Xpress puts Ugandan Movies at the Fingertips of MTN Customers

AFRICA, Business, EAST AFRICA, HUMAN INTEREST STORIES, INTERNATIONAL, MTN, South Africa, UGANDA
Kampala,Uganda: Early this month, MTN Uganda launched Kibanda Xpress, a digital Platform from which its Customers can access a plethora of Home-grown entertainment Content. SOMDEV SEN, the MTN Uganda Chief Marketing Officer shares more about this initiative in this interview. Q.What is Kibanda Xpress? A. Kibanda Xpress is a new Video on Demand channel that MTN Uganda has launched as a distribution channel for local Ugandan content especially Ugandan Films. The service is provided in partnership with the Association of Core Film Producers Uganda Limited (trading as PEARLWOOD) as the content creators and Albayan Media Limited the platform provider through the YOTV mobile app. Q. What does this mean to an ordinary person out there? A. This is a channel where Ugandan movie prod...
TUMOIT CONSULTANTS BRING YOU STRATEGIC MANAGEMENT, CONSULTANCY AND MARKETING SERVICES

TUMOIT CONSULTANTS BRING YOU STRATEGIC MANAGEMENT, CONSULTANCY AND MARKETING SERVICES

Angola, Argentina, Buganda Kingdom, Burkina Faso, Burundi, Business, Central African Republic, China, Djibouti, DUBAI, EALA, EAST AFRICA, EDUCATION, Egypt, Equatorial Guinea, Estonia, ETHIOPIA, European Council, EUROPEAN UNION, Florida, France, Gambia, Ghana, Guinea, IRAN, IRAQ, Israel, Italy, Ivory Coast, KENYA, Lesotho, LIBYA, London, Malawi, Mozambique, NAMIBIA, New York, Nigeria, Peru, RUSSIA, Rwanda, Saudi Arabia, Senegal, Somalia, South Africa, South Sudan, Sudan, Sweden, SYRIA, TANZANIA, UAE, UGANDA, USA, West Africa, WORLD, Zambia, ZIMBABWE
TUMOIT CONSULTANTS PROFILE WHO WE ARE We are a management and consulting firm that help individuals/organizations across the private, public, and social sectors see the world differently, discover opportunities they may never have imagined and achieve results, thereby creating the Change that Matters most to them.We take a consistent approach to recruiting and skills development regardless of where our people are located, so that we can quickly deliver the right team, with the right experience and expertise, to every client, anywhere.Entrepreneurs come to us to solve industry-defining challenges in: strategy, marketing, organization, operations, information technology, digital transformation and strategy, advanced analytics, transformations, sustainability, and corporate finance...
President Kenyatta commends Equity Bank for growing Africa’s economic freedom through its continental expansion

President Kenyatta commends Equity Bank for growing Africa’s economic freedom through its continental expansion

AFRICA, Bank Of Uganda, Banking World, Business, EAST AFRICA, Housing Finance Bank, HUMAN INTEREST STORIES, INTERNATIONAL, Nairobi, TECHNOLOGY, UGANDA, WORLD, World Bank
KINSHASA, DR CONGO, 21st April 2021-President Uhuru Kenyatta has commended Kenya's Equity Bank for its growing continental presence saying the financial institution's expansion is helping unite Africa and expand her economic freedom. President Uhuru Kenyatta and Equity Bank Group CEO Dr James Mwangi unveil a commemorative plaque to signify the official inauguration of the rebranded Equity BCDC office block in Central Kinshasa, DRC.  "Today, the Republic of Kenya and the Democratic Republic of Congo forge a stronger bond through the merger of Banque Commerciale du Congo (BCDC) and Equity Bank Congo (EBC). President Uhuru Kenyatta with Equity Bank Group CEO Dr James Mwangi and DR Congo's Central Bank Governor Deogratias Mutombo during the official inauguration of the rebranded Equi...
Emirates commences IATA Travel Pass trials simplifying COVID-19 related travel requirements

Emirates commences IATA Travel Pass trials simplifying COVID-19 related travel requirements

AFRICA, Business, COVID-19, DUBAI, EAST AFRICA, HUMAN INTEREST STORIES, INTERNATIONAL, Kenyan Parliament, Ministry Of Health, Senegal, Somalia, South Africa, South Sudan, TECHNOLOGY, Transport, UAE, UGANDA, WORLD, World Health Organization, Youth
Emirates today commenced trials of the International Air Transport Association (IATA) Travel Pass– a mobile app to help passengers easily and securely manage their travel in line with any government requirements for COVID-19 testing or vaccine information. The first passengers travelling from Dubai to Barcelona on EK 185 today trialed the ‘digital passport’ to verify and share their pre-travel COVID-19 test status with Emirates. The trials are a step towards making travel more convenient, enabling travelers to manage COVID-19 related documentation digitally, safely and seamlessly throughout the travel experience. In the future, travelers will also be able to share vaccination certificates with authorities and airlines to facilitate travel. Adel Al Redha, Emirates’ Chief Operating...
Children with disabilities get medical relief in MTN-Corsu hospital partnership

Children with disabilities get medical relief in MTN-Corsu hospital partnership

Business, EAST AFRICA, Entertainment, EUROPEAN UNION, HEALTH, Ministry Of Health, MTN, South Africa, TECHNOLOGY, Uganda Red Cross, World Health Organization, Youth
For close to two years, Doreen Ataro lived with a bent leg painted with burn bruises from a fire accident. At only one and a half years of age, the young girl fell in a pool of fire where she was playing and sustained injuries to her left leg. As the father Denis Oroto narrates, Ataro’s accident caused his daughter so much pain. “Her left leg was burnt by the fire causing it to curve to a certain extent. She couldn’t move or shower herself. The mother had to feed and shower her,” he recounts. But it was not only the physical turmoil that foiled the family. Ataro’s accident also took a toll on the father’s finances. Oroto has spent nearly Ushs500,000 in an effort to treat the daughter and have her leg restored to normal. However, his effort was all in vain as the heal...
Standard Chartered Bank Uganda in partnership with the Inclusion Works Consortium Award Ugx 18 million to youth with disabilities to help them generate entrepreneurial solutions that solve community needs as part of the ‘Innovation Challenge” Initiative

Standard Chartered Bank Uganda in partnership with the Inclusion Works Consortium Award Ugx 18 million to youth with disabilities to help them generate entrepreneurial solutions that solve community needs as part of the ‘Innovation Challenge” Initiative

Business, EAST AFRICA, HUMAN INTEREST STORIES, INTERNATIONAL, PRAU, Standard Chartered Bank, UGANDA
20 April 2021: Kampala - Uganda– Standard Chartered Bank Uganda in partnership with the Inclusion Works Consortium rewarded finalists of the ‘Innovation Challenge for Youth with Disabilities’ with USD 5,000 (Ugx 18 million) to help them realise their entrepreneurial aspirations at a ceremony held at Golf Course Hotel in Kampala recently and presided over by the Commissioner for Disability and Elderly Affairs, Ministry of Gender, Labor and Social Development – Mr. Emilly Ajjambo. This the ‘innovation challenge’ initiative is part of the Bank’s Diversity & Inclusion agenda initiated a means to empower youth with disabilities as job creators through self-motivated innovations.The Inclusion Works consortium led by Sightsavers announced the five winners of the ‘innovation challenge ...
Carrefour Uganda Wins Maiden Consumer Choice Award – Best Shopping Supermarket Category

Carrefour Uganda Wins Maiden Consumer Choice Award – Best Shopping Supermarket Category

Business, EAST AFRICA, Entertainment, EUROPEAN UNION, INTERNATIONAL, TECHNOLOGY, UGANDA, Uganda Banker's association
Carrefour, owned and operated by Majid Al Futtaim in Uganda, received the Gold Award for Best Shopping Supermarket at this year’s Consumers Choice Awards. The Consumers Choice Awards 2020/2021, which took place on March 31, 2021, recognize business excellence annually by conducting comprehensive and objective independent market research survey, to determine brand reputation, customer satisfaction and business excellence for the quality of their service. In a statement released by the retail giant, Carrefour thanked the Consumer Choice Awards for the prestigious award. “This award is a testament to the hard work of our colleagues and recognizes our efforts to deliver exceptional value for our Ugandan customers through more convenient and modernized shopping experiences,” the s...
Meet the new Chief Executive Officer Vision Group

Meet the new Chief Executive Officer Vision Group

AFRICA, Business, EAST AFRICA, HUMAN INTEREST STORIES, Parliament, UGANDA, Uganda Banker's association
Don Wanyama 2007 - Junior Sub Editor, New Vision 2009 - Deputy Chief Sub Editor, Daily Monitor 2010 - Chief Sub Editor, Daily Monitor 2013 - Managing Editor, Daily Monitor 2015 - Special Media Assistant, Office of NRM Chairman 2016 - Senior Presidential Press Secretary, State House 2021 - Chief Executive Officer, Vision Group
Million Trees National Initiative Uganda (MTNi-Ug) launches it’s green activities in Rukungiri District at Rukungiri District Headquarters

Million Trees National Initiative Uganda (MTNi-Ug) launches it’s green activities in Rukungiri District at Rukungiri District Headquarters

AFRICA, Arua, Australia, Benin, BOTSWANA, Buganda Kingdom, Burkina Faso, Burundi, Business, Busoga Kingdom, Cameroon, Central African Republic, China, Climate, Denmark, Djibouti, DUBAI, EALA, EAST AFRICA, Egypt, Equatorial Guinea, Estonia, ETHIOPIA, European Council, EUROPEAN UNION, FAO, Gambia, Ghana, Guinea, Gulu, Hotels, IGAD SUMMIT, INTERNATIONAL, IRAN, IRAQ, Israel, Italy, Ivory Coast, Jinja, KENYA, Kenyan Parliament, Lesotho, LIBYA, London, Luweero, Malawi, Mbale, Mengo, Mozambique, Nairobi, NAMIBIA, New York, Nigeria, Parliament, Peru, RUSSIA, Rwanda, Saudi Arabia, Senegal, Somalia, South Africa, South Sudan, Sudan, Sweden, SYRIA, TANZANIA, Tony Elumelu Foundation, UAE, UGANDA, UK, UN, USA, West Africa, Wildlife, WORLD, Zambia, ZIMBABWE
Mr Byamungu Elias (CAO Rukungiri District) Vs Dr Semakura Jibril Owomugisha (CEO MTNi-Ug) while receiving the MTNi-Ug Forest Development Plan For Rukungiri District For the Period of 2019 to 2029. MTNi-Ug is abroad based Organization that also improve Household income, Food Security and Agro-industrialization by donating short term plants like Vegetable seeds, Organic fertilizers and pesticides to peasants, Fruit plant Seedlings for Agroforestry in Uganda. District leaders lead by Chief Administrative Officer Mr Byamungu Elias, Ass. RDC, Production Officer, all in place for the launch Mr Byamungu Elias (CAO Rukungiri District) Vs Dr Semakura Jibril Owomugisha (CEO MTNi-Ug) growing a Fruit tree at Rukungiri District Headquarters. Million Trees National Initiative Uganda (MTNi-Ug) ...
How mobile money masked Ugandans against covid-19

How mobile money masked Ugandans against covid-19

AFRICA, Business, EALA, EAST AFRICA, International Hospital Kampala, Media, MTN, TECHNOLOGY, UGANDA, UN Human RiGHTS, World Bank, World Health Organization
Mobile money was the proverbial financial mask shiedling the entire country when movement was at its lowest and fear of infection at its highest. The life altering announcement by President Museveni limiting movement of people around the country and closing the nation’s borders to the world meant that people could not travel to take or receive money and food to their loved ones.  So for many, mobile money was the saving grace that even with the looming danger of a deadly virus, their loved ones far away would have access to money to pay for food, shelter and medicine. Benjamin Mukasa’s female friend in Mukono worked at a saloon in downtown Kampala. At the onset of the unprecedented lockdown, stranded without the privilege to move to friends, destitute of money, the y...
Emirates Skywards launches exclusive double Tier Miles offer for members

Emirates Skywards launches exclusive double Tier Miles offer for members

AFRICA, Business, DUBAI, EAST AFRICA, HUMAN INTEREST STORIES, INTERNATIONAL, UAE, UGANDA, WORLD
Emirates Skywards, the award-winning loyalty programme of Emirates and flydubai, has rolled out an exclusive offer to help members fast-track to a higher tier status. Members can automatically earn double Tier Miles on all Emirates and flydubai flights booked from 1 April until 30 June, for travel between 1 April and 31 December 2021. To be eligible for the promotion, customers need to simply be existing Emirates Skywards members, or join as a new member before 30 June 2021. Members can now move up tiers faster and unlock an extensive range of benefits and rewards. The offer applies to any ticket, regardless of fare type, purchased on Emirates or flydubai during the offer period - helping members quickly earn sufficient Tier Miles to bump up one tier status higher. For example, an E...
JOINT COMMUNIQUE BETWEEN THE PRESIDENT OF THE REPUBLIC OF UGANDA AND THE PRESIDENT OF THE UNITED REPUBLIC OF TANZANIA ON THE IMPLEMENTATION OF THE EAST AFRICAN CRUDE OIL PIPELINE (EACOP) PROJECT ON THE 11TH APRIL, 2021 AT THE STATE HOUSE ENTEBBE,

JOINT COMMUNIQUE BETWEEN THE PRESIDENT OF THE REPUBLIC OF UGANDA AND THE PRESIDENT OF THE UNITED REPUBLIC OF TANZANIA ON THE IMPLEMENTATION OF THE EAST AFRICAN CRUDE OIL PIPELINE (EACOP) PROJECT ON THE 11TH APRIL, 2021 AT THE STATE HOUSE ENTEBBE,

AFRICA, Business, Diplomats, EALA, EAST AFRICA, EUROPEAN UNION, HUMAN INTEREST STORIES, INTERNATIONAL, Media, POLITICS, TANZANIA, TECHNOLOGY, UGANDA, WORLD
UGANDA Uganda's President Yoweri Museveni signs the Oil deal agreement.Photo by Abu Mwesigwa/PPU. NOTING that on 31st March, 2021, His Excellency Yoweri Kaguta Museveni, President of the Republic of Uganda invited Her Excellency Samia Suluhu Hassan, President of the United Republic of Tanzania to attend and witness the signing ceremony of the Host Government Agreement between the Government of the Republic of Uganda and the EACOP Company on 11th April 2021 at State House, Entebbe Uganda; Tanzania's leader Her Excellency Samia Suluhu Hassan, signs the Oil deal agreement.Photo by Abu Mwesigwa/PPU. NOTING that the two Heads of State held bilateral talks on a wide range of issues of mutual interest and expressed their satisfaction with the excellent relations and cooperation t...
President Museveni hails China’s support to Africa

President Museveni hails China’s support to Africa

AFRICA, Business, China, Diplomats, EALA, EAST AFRICA, EUROPEAN UNION, HUMAN INTEREST STORIES, INTERNATIONAL, Media, Parliament, UGANDA, USA
KISOZI, GOMBA DISTRICT: President Yoweri Museveni has saluted the Chinese Communist Party for its support towards African countries political struggle for independence and economic development. “China has been a friend to Africa since 1950s. I congratulate Chinese Communist Party for its support towards Africa political struggle for development”, he said. President Museveni with the outgoing the outgoing Chinese Ambassador to Uganda Zheng Xhuquing. The President was saying farewell to the outgoing Chinese Ambassador to Uganda Zheng Xhuquing who paid a courtesy call on him at his Kisozi Ranch in Gomba  district. He said that Uganda National Congress, which was a national party by 1950s and other neighbouring countries like Tanzania that were linked to China through African...