Connect with us

Leader board

Local Business

Hima Cement announces plans for a new cement plant in Tororo

Published

on

hima

Get 50% off all your Safeboda rides. Click here to download the app

.  

Hima Cement Limited has announced that it is embarking on a capacity expansion strategy that will start with the construction of a Grinding Station in Tororo, Eastern Uganda, in the first phase.

The $40 million investment in Nyakesi, Rubongi will lead to an additional c1 million metric tons of cement capacity for the building solutions company.

Speaking during a media briefing, Hima Cement Limited Country CEO, Daniel Pettersson said that the aim of the capacity expansion drive is to meet the increasing demand for cement and concrete not only within Uganda but the regional market as well.

“Hima Cement is committed to ensuring sufficient cement capacity to serve the national infrastructure and construction projects, individuals and the commercial sector. As a result, we are embarking on several capacity building projects starting with the construction of a Grinding Station at the end of 2016; in addition we are in final stages of exploration for a limestone position in North East Uganda to support a future clinker position; lastly we are launching a RMX operation in Kigali next month, to be followed by further aggregates and RMX operations in Uganda and Rwanda in the near future,” Pettersson explained.

In 2010, Hima Cement invested $120 million in the Rwenzori Project, installing the state-of- the-art, environment-friendly cement production line at its Hima Plant that increased production capacity to 0.9 Mt per annum. On completion, the Tororo expansion will further increase Hima Cement’s capacity to c1.9 million Metric Tons per year.

East Africa is one of the fastest growing regions in the world with an average GDP growth of c7%; the construction sector is growing at a higher pace of over 10% per annum. Cement demand in Uganda and in the region is projected to remain strong supported by the resurgence in infrastructure development and key Mega Projects. Uganda will become an oil producing country by 2020/2021, and this will boost economic growth overall and construction growth in particular.

“We are very positive about the long-term prospects of the cement industry in Uganda; and LafargeHolcim is keen to solidify its position in the region as the leading producer of building solutions providing its customers with innovative value adding propositions,” Pettersson added.

(Visited 237 time, 1 visit today)

Local Business

aYo Uganda celebrates one million customers

Published

on

By

Get 50% off all your Safeboda rides. Click here to download the app

.  

aYo Uganda has hit one million customers in less than 2 years of existence in Uganda. With a joint venture between MTN and MMI Holdings, aYo was formulated to have a strong focus on delivering micro-insurance solutions across the African continent.

While addressing the media at Kati- kati Restaurant, the Chief Executive Officer aYo Uganda, Edwin Kwesiga, noted that this milestone cements the fact that aYo is the fastest growing micro-insurance company in the country today.

“We are happy to announce that our customer base has grown to 1 million. This means we have been able to build trust in our valued customers, we have always been committed to serve and provide our customers with innovative products” he said.

“I would like to thank our Customers, the Government and the Regulator, as well as partners for their loyalty and contribution to the growth of the aYo brand over this one year.” Kwesiga further noted.

aYo Uganda plans to make insurance relevant, accessible and easy to use thereby adding value to improve the lives of all Ugandans.

aYo Uganda, opened its doors to the Ugandan market in January 2017 with 2 products namely aYo Recharge with care and aYo Send with care. aYo Recharge with Care offers MTN pre-paid customers an easy way to get FREE hospital or life cover whenever you load MTN airtime. Adding aYo Send with Care to the MTN Mobile Money transfers means that, in the unfortunate event of your passing or should you be hospitalized for a night or more due to an accident, aYo will pay triple the amount you sent to your recipients into you MTN Mobile Money account in form of cover.

(Visited 237 time, 1 visit today)
Continue Reading

Local Business

Airtel Uganda, Kwese TV partner to launch mobile TV

Published

on

By

Airtel Uganda Managing Director Mr. V.G. Somasekhar addresses guests during a business breakfast held recently

Airtel Uganda Managing director Mr. V.G. Somasekhar

Airtel Uganda has partnered with Kwese TV, a provider of decoder TV services in Uganda, to launch Mobile TV services.

Get 50% off all your Safeboda rides. Click here to download the app

.  

Dubbed Kwese Iflix, it offers subscribers a chance to watch TV on-the-go regardless of location, time or whether or not they have an active TV package.

Commenting about the partnership, Airtel Uganda Managing Director Mr. V.G. Somasekhar noted that with a stable and reliable internet connection, anything is possible. “With countrywide 3G broadband, reliable 4G connection and affordable data bundles, we are bringing opportunities and passions closer to Ugandans. Thanks to our partnership with Kweseiflix Ugandans can have full time access to football during the exciting World Cup season,” he noted.

Airtel Uganda is providing a unique proposition to its customers, where one subscription gives them access to both Airtel’s discounted data bundles as well as content from Kwese Iflix (Two in one subscription through airtel money).

Kwese Iflix’s amazing content offers include; live coverage for the 2018 FIFA World Cup Russia – and much more on Kwese Iflix’s world class platform with the best international, regional and local content programs, to stream or even download.

(Visited 237 time, 1 visit today)
Continue Reading

Local Business

UBA unveils solution to allow customers access bank services via Facebook

Published

on

By

Johnson Agoreyo, Managing Director/CEO, UBA Uganda

Johnson Agoreyo, the Managing Director UBA Uganda addresses guests during the launch of Leo.

By Our Reporter

Get 50% off all your Safeboda rides. Click here to download the app

.  

United Bank for Africa (UBA) has unveiled a digital solution dubbed Leo, a chatbot that enables customers use their Facebook accounts to carry out key banking transactions. This was during a ceremony held at their Head Offices on Tuesday.

According to Johnson Agoreyo, Managing Director/CEO, UBA Uganda, this product offering was developed to match customer’s lifestyles since more people are spending more time on social media.

“The formulation of this product is consistent with the bank’s customer-first philosophy, where we are doing things not the way we like but exactly what the customers want, where they want it, and in the exact platform they want. Therefore, we at UBA have collaborated with Facebook to come up with this. In future, Leo will show up on other platforms,” he said.

He further explained that Leo is a very interactive and easy to use  platform which will offer more convenience in how customers interact with the bank.

With Leo, customers are able to open new accounts, carry out money transfers and airtime top-up among others right on their mobile phones.

Gloriaus Byaruhanga, the Head, Digital Banking, UBA Uganda, emphasized that the platform is secure, noting that “the security with this platform is that for every transaction, an OTP (One Time Password) is generated to the phone number that is registered on the account.”

She also explained that to use the chat banking platform, a customer just needs to log in to Facebook Messenger and open up chat with Leo, who then takes over the conversation by telling the customer what steps to take.

The bank is continuously innovating and developing strategies aimed at making banking seamless and effortless for millions of its existing and potential customers, while also ensuring utmost safety of their transactions.

(Visited 237 time, 1 visit today)
Continue Reading

Yop Polls

Bigeyeug TV

Facebook

HOT RIGHT NOW