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Africell Uganda partners with iDroid USA in the “Bakakase” Campaign to give out free smartphones

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iDroid 1

For the first time in Ugandan communication history, a telecom company is giving away a smartphone free of charge! And that Telecom is Africell Uganda Limited!

In a campaign codenamed ‘Bakakase’—assure them, Africell is giving away the iDROID Royal V4, a high end smartphone manufactured by iDROID USA, launched only two weeks ago by the smartphone and mini computer company at an introductory price of 499,000.

The idea is to pay it forward to all Ugandans—ensuring a smartphone for every Ugandan and later enable Africell leverage internet infrastructure investment.

This project is riding under the ambassadorship of all-time campaign superstar, Mun*G usurped from Airtel and this will be going on for an indefinite while.

A couple of million phones are in stock. All you need to do is to get your free iDROID Royal V4 smartphone is pre-buy one year’s data; at discounted price of 349,000shs only.

Customers will not only boast of holding the newest iDROID gem with its sophisticated yet user friendly features, but also enjoy reliable high speed internet all year long—without having to pay a single extra coin.

The iDROID Royal V4 surpasses the demands of a powered smartphone user; incorporating next-generation brilliance and traditional hardness. It comes with the quadcore processor characteristic of all iDROID smartphones, 8GB internal memory expandable up to 32GB, 1GB Ram, 3D and technology. It runs Android lollipop with an extra-solid screen built with guerilla technology communicating sleekness and durability.

The free iDROID Royal V4 smartphone will be available at selected Africell stores effective tomorrow 7th August, 2015.

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Local Business

Movit donates Ugx 150 million worth of hand wash and sanitizer towards fight against COVID-19

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By Our Reporter

Movit Products Limited has contributed 500 cartons of Skin Guard Anti-Bacterial products worth UGX 150M to the Government through the Ministry of Health as support towards the fight against COVID-19.

The donation was made by the CEO Movit Products Limited Mr. Bruce Mpamizo to the Minister of Health Ruth Achen at the Ministry of Health head offices.

The Skin Guard Products that were given are 200 cartons of Skin Guard Hand wash, 200 cartons of Skin Guard Soap and 100 cartons of Sanitizer gel.

The Skin Guard products will be donated to the hospitals for healthcare workers caring for patients on the frontlines of the current COVID-19 public health crisis.

The CEO Movit products Limited Mr. Bruce Mpamizo giving away the products said “As Movit Products Limited, we stand with our customers in all situations. Today we are here to support the ministry of health because we were enabled by our customers to do so. We believe that this is the beginning of a long-standing partnership with the ministry of health and we expect to provide even more support as we continue the fight of the spread of Covid-19 together.”

The Minister of Health Ruth Achen on behalf of government thanked Movit Products Limited for the generous contribution and support. “Movit has donated Hand Wash and Sanitizer which has 70% alcohol which is the right content that we desire and Soap to wash our hands to ensure that we do not infect our selves and friends with Covid-19.” She said.

In addition to the donation, Movit Products Limited has implemented other measures to ensure the companies most crucial operations are not stifled as the company still needs to deliver much more need hygiene products solutions and keep the employees safe.

Movit Products Limited has also partnered with KCCA to install hand washing units in markets and around the city center with Skin Guard hand wash to encourage washing hands and staying safe from the corona virus.

The company has introduced a new product, Skin guard Hand Sanitizer Gel and spray at discounted market prices with an aim of ensuring the product is affordable to more people within the public.

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Local Business

Shell Gas introduces free home delivery solution

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The shell gas delivery team.

By Our Reporter

Vivo Energy Uganda has announced the introduction of a free home delivery solution for Shell Gas. This is in a bid to bring services closer and offer greater convenience, safe transportation and doorstep delivery of Shell Gas to customers.

The move follows restrictions put in place by government to stem the spread of the COVID-19 pandemic. Deliveries are currently available to customers across greater Kampala and Entebbe region, with plans to roll out to reach even more areas.

“We are aware that people are now at home and may experience difficulty in accessing essential services, especially as cooking needs are even greater with all members of the family at home. We have thus accelerated the planned introduction of a home delivery service,” said Moses Kebba, the Vivo Energy Marketing Manager.

The free deliveries will be made daily from 8am to 4pm, seven days a week, by Shell agents using motorbikes and delivery trucks with effect from 1 April 2020.

The free home delivery solution applies to both existing Shell Gas customers who require refills as well as first time purchase customers.

In line with the Standard Operating Procedures stipulated by the Ministry of Health, Shell Gas deliveries have also put in place the necessary sanitary requirements to keep the delivery agents and consumers safe in the wake of the COVID-19 outbreak.

“The team is equipped with sanitizers, gloves and face masks and have been trained to practice social distancing during the process because the health and safety of our customers and staff is our absolute priority. In addition to the safety equipment, we have also put in place mobile payment methods and are encouraging customers to use them to eliminate handling of cash and limit contact,” Kebba said.

Shell Gas is available and will be delivered in three sizes – 6kg, 12kg and 45kg with refills going for UGX 57,000, UGX 110,000 and UGX 320,000 respectively. New purchases are priced at UGX 189,000 for the 6kg cylinder, UGX 291,000 for the 12kg metallic cylinder, UGX 622,000 for the 45kg cylinder and 341,000shs for the composite cylinder.

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Local Business

dfcu records 21% growth in profitability

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dfcu Bank main offices located on Kyadondo road, Nakasero

dfcu Bank main offices located in Nakasero

By Our Reporter

dfcu Limited has released its 2019 consolidated financial results revealing a strong position having recorded a 21% growth in profitability from UGX 60. 9bn in 2018 up to UGX 73.4bn in 2019.

According to Mathias Katamba, the Banks profitability in 2019 was driven by increased efficiency and a reduction in operating costs.

“We focused on cutting down our operating costs by 4% from 202 Billion Shillings in December 2018 to 193 Billion Shillings in December 2019, in addition to reducing our funding costs by 7% in terms of interest expenditure from 105 Billion Shillings to 97.6 Billion giving rise to a 4% growth in net operating income from 306 Billion Shillings in December 2018 to 319 Billion Shillings in December 2019. This effectively set the Bank on a solid footing to further harness institutional capabilities going forward,” he said.

Despite the performance, a dividend payout will depend on the assessment of the full impact of the global COVID-19 pandemic on the operations of the business.

“The emergence of the COVID-19 global pandemic presents a lot of uncertainty in global economies and Uganda is no exception. Nevertheless, dfcu has consistently paid a healthy dividend over the years and will continue to do so in the future,” said Mr. Elly Karuhanga the Board Chairman, dfcu Limited, of which dfcu Bank is a subsidiary company.

Commenting on the effect of the pandemic dfcu Bank’s Chief Executive Officer, Mathias Katamba said: “We are cognizant of the ongoing global COVID-19 pandemic that may adversely impact the operating environment by majorly disrupting global supply chains, transport and travel. But with guidance and support from our Board, strong management team and dedicated staff, we remain focused on driving efficiency to harness institutional capabilities and growth.”

2019 Performance Highlights

• Overall interest expense reduced by 7% from UGX 104.7 billion to UGX 97.8 billion showing improved efficiency in the liability mix as a result of management’s effort to shed off expensive funding and concentrate more on cheaper liabilities. Consequently, the net interest income increased by 3% from UGX 221.1 billion to UGX 227.4 billion.

• Non-funded income in terms of fees and commissions grew by 28% from UGX 51.2 billion to 65.4 billion as we continue to harness the benefits of the investments in technology and growth in the customer base.

• Operating expenses reduced by 4% from UGX 202.2 billion to UGX 193.1 billion showing improved operating efficiency. As a result, the cost to income ratio reduced from 66.2% in 2018 to 60.6% in 2019.

• Net profit after tax increased by 21% to UGX 73.4 Billion from UGX 60.9 billion. This was mainly driven by significant increase in efficiency and cost management. Loans and advances grew by 10% from UGX 1.3 trillion to UGX 1.5 trillion as a result of increased disbursements and focus on continuous monitoring of the asset quality for the entire portfolio. The increase in loans and advances was organic.

• The asset base increased by 1% from UGX 2.916 trillion to UGX 2,958 trillion, upheld by strong growth in loans and advances.

• The Group’s deposit base grew by 3% from UGX 1.9 trillion to UGX 2 trillion. The growth was as a result of both newly acquired and existing clients across the business segments. Management implemented a clear strategy of growing the liability base, as well as retention of the existing customer relations.

• Shareholders’ funds grew by 9% from UGX 521.5 billion to UGX 569.7 billion as result of increase in retained earnings.

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CoronaVirus Uganda

StarTimes introduces home schooling for kids

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By Reporter

As we are still in the worldwide war against the COVID-19, it is understandable that people are suggested to stay at home in case of the possible virus spreading. For families with kids, StarTimes provide sufficient programmes through local and international channels including ST Kids, Nickelodeon, Da Vinci and Baby TV for the young audience to watch and learn. Apart from the DVB platform, the channels and content also are available on the OTT platform StarTimes ON, which can both be broadcast on live and repeated as required.

Starting April, more Children content will be broadcast on prime time, ranging from one to three hours a day. And the self-operated channel ST Kids specially adjusts the schedule to cater to the habit of young kids: Home schooling content in early morning for children at primary education stage; a series of fascinating cartoons before noon; 2 hours animations afternoon.

Home schooling is an educational TV program which opens the doors to creative education for students who have to stay at home due to COVID outbreak. Starting from March 27, the programme started airing on 27th March 2020 and it’s every Monday – Friday on ST kids by 10:00am CAT and includes science, handcraft, painting and dance.

Cleopatra Koheirwe, the PR Manager at StarTimes said, “Considering the fact that schools were closed due to the pandemic, we want to make sure that every child can stay safe while still achieving knowledge in both health and academic sectors in the comfort of their homes. Homeschooling keeps the kids occupied and entertained.”

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