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KIU crowned Beer Olympics champions

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KIU are champions of the inaugural Beer Olympics

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Kampala International University (KIU) shrugged off a late surge from Kyambogo University to emerge champions of the inaugural Black Bell Beer Olympics that concluded on Saturday.

Having earlier on humbled Makerere University (MUK) at their own turf, the Kansanga based boys were at it again; this time giving the Kyambogo team a lecture on beer pong, checkers and target shooting.

Playing before their fans, the Kyambogo team gave it their all and almost won the tournament save for a few unforced errors. In the end, second place was good enough for them and with it a cash prize of UGX700,000 as well as an assortment of Black Bell freebies.

The Mukono based Uganda Christian University (UCU) also put in a spirited performance but had to settle for third place and a cash prize of UGX500,000 along with Black Bell goodies.

KIU who took charge of the inaugural tournament right from the onset were almost flawless. Their team of five, accompanied by a few fans never at one time gave into any form of intimidation from the home fans.

As the games concluded and the table showed KIU had cemented its position as the toast of the inaugural Beer Olympics, the team erupted into jubilations as the home team looked on with envy. They were rewarded with UGX1million and will also be given a mega Black Bell party at a venue of their choice.

Makerere University Business School (MUBS) maintained its position at the bottom of the table while MUK only just managed to finish above them.

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Specials/Features

UNYPA awarded for their efforts in fight against discrimination of people living with HIV/AIDS

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By Our Reporter

The Uganda Network Of Young People Living With HIV/AIDS (UNYPA) has been awarded for their efforts in the fight against discrimination and stigmatization of people living with HIV/AIDS. This was during the 22nd International AIDS Conference which concluded last Friday in Amsterdam, Netherlands.

UNYPA who had been nominated for their Y+ Beauty Pageant initiative beat four others to take home the Fast Forward Golden Egg award.

UNYPA has been organising the Y+ beauty pageant for years now and it will be returning for the 5th edition this year. The Beauty Pageant is a platform to disseminate information, form networks with community leaders, empower young people living with HIV with knowledge as well as advocate for their rights in a bid to end the stigma and discrimination they face because of their status.

Presented by Aidsfonds, a global foundation working towards end of AIDS, the Fast Forward Award seeks out innovative interventions organised by and for the community with the aim of linking these local solutions with donors to increase funding for communities and scale-up successful approaches.

This was the second consecutive time UNYPA was winning the Fast Forward Golden Egg award.

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Celebrity Gossip

Bryan White makes grand Arua entrance, masses excited.

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The long awaited Bryan White visit to Arua was today witnessed in the region when the celebrated money bag landed in the district aboard a private plane. At around 4:30PM Bryan White set feet in Arua to an excited mammoth crowd that led the tycoon through town.

Bryan White was then carried and shown around the town with thousands of people following him. He then headed to Arua One radio where he addressed residents on his intentions of the visit. “I am here to help fund the people of Arua through their SACCOs elevate living standards. I will be giving free interest loans through the period I will be here.”  Bryan White said.

He then headed to Rose Villa hotel where he addressed journalists and media houses and still made his intentions for the people of Arua clear. Bryan White will be in Arua for 8 days.

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Specials/Features

CFD Explained: What You Need to Know

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CFD Explained: What You Need to Know

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CFD, or a contract for difference is a form of derivative trading. It allows you to guess the rising or falling prices of the financial market from all over the world (we’re also talking about instruments here) – indices, shares, currencies, commodities and treasuries. If you want to know what is online contract for difference trading, then you came to the right place.

Trading

Regarding CFD trading, you should know that you’re allowed to trade on margin –  you can even sell if you think that the prices will go down, or you can buy if you think the prices will rise.

They’re tax efficient in the UK, and you can use them to border a present physical portfolio.

How does CFD trading work?

The thing with CFD trading is that you don’t buy, and you don’t sell underlying assets, such as physical share, commodity or currency pair. What you do buy or sell is a number of units that come for a specific instrument, and it depends on your opinion regarding the prices: will they go up or will they go down?

If the price of the instrument moves in your favor, for every point that comes for you, you get multiple numbers of CFD units that you have sold or bought. For every point that comes against you, you’ll get a loss. It’s good to keep in mind that losses will exceed your deposits. Read more on the free forex trading live charts.

What are margin and leverage?

CFDs are leveraged – so you’ll only get to deposit a small percentage of the full value of the trade – that if you want to open a position. This process is called ‘trading on margin’ and is also known as margin requirement.

Trading on margin will allow you to expand your returns; your losses will also be expanded when they are put on the full value of the CFD position. This means that you can lose even more than any capital that you deposited before.

What is the price of CFD trading?

For spread

You will buy trade by using the price of the buy that’s quoted and that exits using the selling price. If the spread is narrowed, the price won’t need to move in your favor before you actually start making money. The same goes for losses.

For Holding costs

The end of every trading day is 5 pm, the New York time. When it’s the end of the day, any position that is opened in your account (and which will be charged) is called “holding cost”. This one can be positive or negative – it depends on the direction of your position and on the applicable holding rate.

For Market data fees

In order to trade or even view the price data for shared CFDs, you will need to activate the market data subscription – this will cost you a small fee.

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