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Airtel Money introduces International Transfer Services

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By Our Reporter

Airtel Uganda has announced the addition of international Transfer Services on its Airtel Money platform to ease the remittance of money by its customers at home and across the globe.

With the new service, Airtel Money customers will conveniently, safely and instantly send funds across boarders to Tanzania and Malawi from the Airtel Money wallets at the most competitive rates and receive money from across the globe into their Airtel money wallets free of charge.

“The service we are launching today is not only simple, secure and instant but also stands to ease the convenience with which millions of people are able to send and receive money from their loved ones abroad driving financial inclusion while deepening social networks among friends and family,” V.G Somasekhar, Airtel Uganda’s Managing Director said.

The Airtel Money International Transfer Services conforms to the global Anti Money Laundering policies enhancing international trade and regional intergration.

“Uganda is a growing economy that requires simplified ways of doing business at convenient and affordable rates. International Transfer Services will complement e-commerce that we have facilitated through the numerous Airtel data offerings,” Somasekhar noted.

While using this service, the customer will not be charged nor taxed for receiving money, regardless of where the money is coming from. Charges will only apply at the point of withdrawal reflecting the recent 79% reduction in Airtel Money cash withdrawal.

Customers sending money will be charged against a tiered tariff at competitive rates across the market ranging between Shs900-Shs58,000.

Forex exchange rates will be determined by the prevailing market tariffs.

The State Minister for Foreign Affairs – Hon. Henry Okello Oryem welcomed the service as not only a solution that will deepen financial inclusion in Uganda but also a boost to the regional integration agenda.

“Inbound remittances to Sub-Saharan Africa grew nearly 10 per cent to reach $46 billion in 2018 as per World Bank estimates and, as the primary source of external financing in the region, it is critical for its socio-economic development. With the average cost of 9.4 per cent, Sub-Saharan Africa ranks amongst the most expensive remittance corridors globally. The introduction of this transfer option shows that Airtel Uganda is driving financial inclusion and supporting the UN Sustainable Development Goals by reducing the cost of remittances,” he said.

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Local Business

MTN MoMo Nyabo promo is back, Ugx 1.2 billion in cash prizes up for grabs

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Somdev Sen, MTN Uganda Chief Marketing Officer unveiling the new promo.

By Our Reporter

MTN Uganda has launched the 3rd edition of the highly rewarding MoMoNyabo promotion. Under the theme “MoMoNyabo Together”, this year’s promotion is designed to help MTN customers with the much-needed support following the negative effects of the covid19 pandemic on the wellbeing of many Ugandans.

Unlike previous editions which were characterized by fanfare around the country and giving away of cars, motorbikes and other prizes, this year MTN is focusing the promotion on supporting customers meet their most urgent needs such as domestic welfare, rebuilding small businesses or meeting outstanding obligations among others.

“Life has not been the same for many. Times are tough, and every Ugandan is trying to find a way to rebuild following effects of covid. It’s in this spirit that MTN is stepping in to be part of several efforts aimed at supporting Ugandans to rebuild”, said Somdev Sen, MTN Uganda Chief Marketing Officer.

“MoMoNyabo Together is one of several ways that MTN Uganda is standing with Ugandans in the midst of today’s disruptions,” he further commented.

The MoMoNyabo Together promotion will reward customers that have embraced MoMo, and use it to pay for airtime, bundles, utilities like Yaka, NWSC, TV subscription plus shopping, school fees among several other services, everywhere they go.

MTN has earmarked over UGX 1.2billion in mobile money prizes to be given away to lucky customers and MTN MoMo Agents and/or merchants. The winners will be chosen in draws to be broadcast on NBS and Bukedde TV every day, starting at 8:20pm.

Every week day, two customers that have used MTN MoMo to pay for airtime, bundles or another service, will randomly be chosen and each will win a guaranteed UGX 1m/- with a chance to triple that amount and also win an additional UGX 2m/- for friends and loved ones through an exciting game show. This brings the total amount available for each winner and their beneficiaries to UGX 5m/-.

All this will be broadcast on TV.

To win money for their friends and loved ones, customers’ will be given a chance to participate in a quiz in which they will be asked 5 general knowledge questions each with a multiple choice of answers, for the winners to select the correct one. Each question is worth UGX 800,000 which will be equally split between the winner and their preferred beneficiary. The winner has the option to choose one beneficiary for all the answers they get right or nominate several beneficiaries for each question answered correctly.

Nominated beneficiaries can be individuals, families, organizations/causes who should be active MTN customers.

“MTN MoMo not only saves our customers the inconveniences of having to leave their comfort to get airtime, bundles or other services, it also gives them the chance to win much needed money though this promotion”, Somdev concluded.

Customers don’t have to deposit all their money on the phone but just keep some on MTN MoMo to use it when they need it the most. For example, if you have 5,000/-, you can deposit 2,000/- on your MTN MoMo account and use it to pay for airtime, bundles or other services and enter the MoMoNyabo Together promotion for a chance to win money.

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ISBAT University, Airtel Uganda partner to provide free access to university’s Hybrid Virtual Learning Platform

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ISBAT University has announced a new partnership with Airtel Uganda aimed at providing students with free access to the University’s Hybrid Blended Learning platform.

By Our Reporter

ISBAT University has announced a new partnership with Airtel Uganda aimed at providing students with free access to the University’s Hybrid Blended Learning platform using the Airtel internet platform.

The partnership that is in line with the Uganda government’s efforts to ensure safety for everyone as well as education and business continuity from home will see Airtel provide free access to student numbers provided by the university and will be available to all active students of the current semester (Spring 2020).

Commenting about this partnership during the launch, ISBAT University Vice Chancellor Dr. K.M. Mathew noted that World over Universities adopted such learning and assessment practices for the affected semester(s) in order to save the semester and progress academically.

“ISBAT University’s interactive live virtual classes attracted a vast majority of students with lots of encouragement from the University community. The University’s aim is to ensure that our students are not at disadvantage due to the prolonged closure of the University in the lockdown period and we sincerely hope to save the semester in a timely manner,” he noted.

Airtel Uganda Managing Director Mr. V.G. Somasekhar congratulated ISBAT University upon this essential innovation and encouraged the students to utilize this opportunity to further their education.

Since the lockdown of all Education facilities in March 2020, Airtel Uganda has put in place a number of interventions to ensure Ugandans continue to access their education materials. The telecommunications company recently partnered with Avaya Holdings Corp. (NYSE: AVYA), as well as a number of online education providers to implement remote learning initiatives.

The collaboration between Airtel and ISBAT is going to be a paradigm shift in the higher education sector of Uganda, especially during this unprecedented pandemic situation.

Students will greatly benefit by this unique arrangement, as they will be able to continue with the academic progress in an uninterrupted manner with more enthusiasm and high academic spirit, without spending anything for expensive internet data.

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Local Business

The Innovation Village opens new centre in Mbarara

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By Our Reporter 

The Innovation Village has launched its new location in Mbarara City. This is their 3rd new location since the beginning of the year 2020.

According to CK Japheth, the Team Lead at The Innovation Village, “The Innovation Village is a promise to entrepreneurs. Our motivation is the potential that Ugandans have to contribute solutions to the problems challenging their country.”

“In Mbarara, we have set up a community where women and young entrepreneurs can come to network, connect and meet each other, and our mandate is to ensure that entrepreneurs realize their potential, work through their ideas until they scale into sustainable businesses.” Japheth added.

This launch comes at a time after Mbarara was recently awarded its city status. The district has earned its popularity as the land of milk and honey. This move will facilitate uniform and harmonized growth and development.

Mbarara town is a gateway to western parts of Uganda and Great Lakes region countries of Rwanda, Burundi, DR Congo. Its population is about 480,000 people, and is second to Kampala in importance, industry, and infrastructure. Mbarara is also the home of one of Uganda’s biggest universities majoring in science and technology.

The Innovation Village seeks to partner with entrepreneurs that are not just technology enabled, but contribute to different sectors like farming, arts and crafts, agriculture to name but a few.

“Entrepreneurs do not know how to create sustainable businesses around what they do. The Innovation Village will help them sieve through their dreams until they settle for a good idea, that can grow and scale into other regions in the country.” He concluded.

The Innovation Village has other locations catering to the needs of entrepreneurs in Gulu, Jinja and Kampala.

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Local Business

Oner Fruit Juice introduces new flavour

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Oner Juice

By Our Reporter 

Hariss International, the manufacturers of RIHAM products, have announced a new Oner Fruit Juice flavour. The juice now comes in a  Grapes and Berries flavour,giving consumers another option to choose from.

Oner Grapes & Berries is an addition to the already existing flavours of the Oner family – Oner Apple and Oner Mango which were launched into the market in 2014, and have since grown into successful brands.

“We have introduced a new Oner Juice blend of Grapes and berries to grow and diversify the brand’s family while also fulfilling the consumers’ desire for fruit Juice.” Hariss International said in a press statement.

Due to the multiple health benefits associated with the product, market surveys indicate that Oner Grapes and Berries fruit juice is likely to gain wide acceptance among the masses.

The new oner Grapes and berries recipe will also be trading under the renown slogan “Freshness you can taste” a symbol of the brand’s ability to bring freshness and a sweet – natural taste of Grapes & Berries.

The 500ml Fruit Juice is now available in all retail outlets, supermarkets, and restaurants countrywide at a recommended retail price of UGX 2,000.

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