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Exim Bank Celebrates Another Milestone In East Africa’s Financial Sector

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Bank Of Uganda Governor, Emmanuel Tumusiime-Mutebile, has commended Exim Bank for being resilient and withstanding a possible upheaval as the bank rebranded from Imperial Bank to Exim Bank.

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Addressing guests at a Cocktail Party at the Serena Kampala Hotel and Conference Centre to celebrate the Bank’s new identity, Governor Mutebile commended the board, management and staff of Exim Bank for bringing additional banking services and facilities to Uganda.

Exim Bank Managing Director, Mr. R. R. Chandramouli, thanked the Governor for maintaining a steady hand on Uganda’s banking sector.

”We are extremely grateful to you for staying the course with us all these years especially the times when some were uncertain. I’d like to think that your loyalty as customers is given to us in return for our loyalty to you as reliable bankers,” Chandramouli said.

“We also wish to thank the Governor Bank of Uganda and the government at large for continued support you have given to us as a bank and the entire financial sector. Your steady hand at the till has ensured we all stay afloat and has given confidence to investors in the financial sectors including our own,” he added.

Exim Bank Chairperson, Mrs. Sarah Nanziri Baggalaliwo, pointed out the long and venerable heritage that Exim Bank shared with Tanzania, and said Uganda was proud to be the first country in East Africa outside Tanzania that Exim Bank had chosen to expand into.

“You represent a very large number of customers that we hold in very high regard and we thank you for accepting our invitation to celebrate with us the beginning of a new era” she added.

Exim Bank Uganda began operations on March 17, 2016, taking over from Imperial Bank Uganda Limited.

The shareholders in Exim Bank Uganda are Exim Bank Tanzania with 58.6%, Mukwano Group 36.5% and Export Finance Limited 4.9%.

Exim Bank Tanzania is the largest indigenous Bank in Tanzania, and has been in operation for 19 years, with a total of 37 branches at strategic centres across Tanzania, and two overseas Subsidiaries. The Bank’s Total Assets were at Tzs 1.250 trillion (USD 580 mio) as on 31st December 2015 with Shareholders Funds of nearly USD 90 Million. The bank has two banking subsidiaries in Comoros Djibouti. Uganda is the third operational country the bank has expanded to.

Exim Bank posted a stellar financial performance for the year 2015, with the bottom line (Profit after Tax) posting a record growth of 80% over previous year at Tzs30.666 billion (USD 14 mio).

“It has been a great honor to partner with ‘Exim Brand’ here in Uganda”, said Alykhan Karmali, key promoter of the Mukwano Group.

“We are all excited to benefit from the prowess of ‘Exim Group’s experience on trusted and futuristic banking. Customers with operations in both the countries can now look forward to greater synergies, efficiencies and facilitations on banking services”, added Mr Alykhan Exim Bank Uganda shall have the privilege of making a strong beginning with a set of five well-established branches in Kampala. The bank has more than 100 dedicated and loyal staff.

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Emirates appoints new Country Manager in Uganda

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Emirates has appointed John Gemin as its new Country Manager for Uganda.

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Emirates has appointed John Gemin as its new Country Manager for Uganda.

Mr John, whose appointment was effective from December 17, 2018, is now responsible for Emirates’ overall business in Uganda, overseeing sales and service functions for the airline’s passenger, cargo, management and airport operations and reports directly to Orhan Abbas, Emirates’ Senior Vice President, Commercial Operations Africa.

Mr John holds a bachelor’s degree in International Business and Management Studies obtained from the Amsterdam University of Applied Sciences in Amsterdam. He has worked with Emirates for four years, during which time he served as Business Analysis Manager within the Commercial Operations covering mainly the Latin American markets.

Commenting on his appointment, Mr John said: “I am honoured and very excited to be leading the Emirates operations in Uganda. I look forward to working with our local team of dedicated and talented staff to ensure Emirates growth and continued success in the market.”

Customers travelling on Emirates can look forward to world class service and hospitality from the airline’s multi-national cabin crew, including Ugandan nationals, while enjoying complimentary gourmet meals and beverages. Emirates also offers over 4,000 channels of on-demand audio and visual entertainment on its award-winning ice system, from the latest movies, music and games.

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Civil engineer wins 39,449,025 UGX with 1,000 UGX stake to become betPawa Uganda’s first BIG winner of 2019

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By Staff Writer
Iganga district civil engineer, Mugaya Rogers Sosi has been crowned betPawa Uganda’s very first BIG winner of 2019 after walking away 39,449,025 UGX richer from a 1,000 UGX stake on a 5 leg bet. Mugaya saw his initial returns increased, after he activated betPawa’s 10% win bonus for correctly predicting 5 games or more.

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betPawa gives its customers the chance to win more by automatically applying win bonuses, seeing bettors activate a 50% win bonus for 10 or more legs and 100% for 20 or more. Although Mugaya didn’t activate a large win bonus with 5 games, he still achieved a BIG win by backing several teams who were outsiders to win!

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How Mugaya won 39,449,025 UGX with a 1,000 UGX stake on 5 games

The civil engineer took a risk with his bets, betting on one draw and four teams to win who went into their games as underdogs. Mugaya backed fourth-tier side Andrezieux to beat Ligue 1 favourites Marseille, Rennes and Brest to draw, English conference team Barnet to beat Sheffield United, Oldham Athletic to beat Premier League side Fulham and finally Jordan to beat Australia.

Mugaya expressed that he first found out about betPawa online, saying “I was doing engineering research on the internet and had heard someone talking about betPawa being the best and most trustworthy betting company, and yes, it is true. You can always count on betPawa.”

How his BIG win will help to support his future plans

The Iganga district resident plans to use his BIG win to pay for his education, support his business and assist with building work at home, saying “I am currently doing my masters degree, so this money will help me to complete my education. I will also use my win to boost my business and complete work on my house.”

When he was asked about what others should do, Mugaya said “Come and join betPawa and become a winner like me. I am the lucky winner of today but you too can try your luck by betting small and winning BIG! betPawa are transparent, trustworthy and give excellent customer support.”

betPawa would like to congratulate Mugaya on his win! We hope that you enjoy your winnings.

What is betPawa’s no minimum stake? betPawa offers its customers with the genuine chance to bet small win BIG by allowing users to bet as little as 1 UGX.

What is betPawa’s win bonus? betPawa offers the best win bonus in Uganda, allowing users to win up to 100% extra. With 50% for 10 correct picks and 100% for 20 correct picks or more, meaning you get much more in return!

betPawa is the easiest way to bet online securely. Not only do they offer the best odds on the market but they provide their customers with the opportunity to bet small win BIG using a no minimum odds service of just 1 UGX, they also offer win bonuses to increase betting returns and they provide 24hr support to customers that need it.

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Lucky subscribers and agents win millions in new Airtel promo

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An excited winner with his money.

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With the New Year beckoning, Airtel Uganda has handed over millions in cash prizes to over twenty lucky subscribers and agents in the second cash handover ceremony of the ‘Beera Millionaire ne Airtel Money’ promotion.

Launched in December this year, ‘Beera Millionaire with Airtel Money’, will run for 90 days and is set to reward all customers that carry out a financial transaction such as Cash In, Cash out, P2P, Recharge Airtime or Data, Bank to Wallet, Wallet to Bank & Bill Payment in a single day, as well as all active financial transacting agents.

During the handover, a business lady, photographer, journalist and electrician, all from Kampala were joined by a teacher from Mbale, a farmer from Mukono, a trader from Mityana, a driver from Kakiri, a mobile money agent from Kawempe and many other winners to celebrate as they received their cash from the Airtel Uganda’s Head of Revenue Planning Mr. Michael Lukyamuzi.

“As a brand, we are committed to changing lives of Ugandans regardless of location, occupation or socio-economic class and this promotion is making this commitment a reality. Some of the winners here today transacted for as little as ten thousand shillings and now they have become millionaires,” Lukyamuzi remarked.

“I encourage everyone to spread this good news. Inform your family and friends to keep transacting using our platform and change your lives,” he concluded.

As part of the ongoing promotion, all participating customers and agent numbers will be uploaded into a randomizer to pick the lucky winners. Five lucky customers will win 1 million shillings each (5 million shillings daily, 1 million for each) and 1 lucky customer will win 10 million shillings in the weekly grand draw. 1 lucky agent will stand a chance to win 1 million shillings daily and 1 lucky agent will win 1 motorbike in the weekly draw.

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