By Our Reporter Letshego Holdings Limited has announced positive Full Year Results for the year ended 31 December 2021. The Group’s consolidated performance for 2021 has been strong with double digit growth in profits: PBT (Profit Before Tax) was up 11% year-on-year to USD97.7m, and PAT (Profit After Tax) climbed 16% for the same comparative period, to USD62.1m. Asset quality remains strong with the Group’s Loan Loss Ratio (LLR) at -0.1% for the year, or 0.5% excluding once-off deductions. The Group’s Non-performing loans ratio increased marginally to 5.9% for the year (FY2020: 5.3%), reiterating stability in the Group’s credit and…
Author: BigEyeUg1
By Our Reporter As part of the Women’s Day celebrations, Absa Bank Uganda’s Board Chair, Ms Nadine Byarugaba, hosted several of the bank’s staff and customers to a dinner and mentorship session delivered by exceptional and accomplished women in Uganda. The dinner, held at the Kampala Serena Hotel, was initiated by a keynote address delivered by Ms Byarugaba, who opened up about her career in banking – which started in 1989 – and how she eventually made it to the board room and advised young women on how to navigate through and thrive in the professional environment. “It’s very important…
By Our Reporter Weekends are meant for brunches. This means stepping out looking your best, because you know there will be a lot of “gram-worthy” moments. With this in mind, it leaves one wondering what to put on in order to impress. Worry not, we got you. For the ladies, it is essential that you look out for heels as a must, keeping in mind that comfort is key since brunches are naturally a daytime agenda. There are a variety of collections that women can select from like the block heels, strap heels, wedges, stilettos, with the most-favored go-to being…
By Our Reporter At MWC 2022 Barcelona, Safaricom, Close the Gap and Huawei received the Global Mobile GLOMO Award in recognition of the TECH4ALL DigiTruck project’s outstanding contribution to the UN’s sustainable development goals. The DigiTruck project was launched in Kenya for the first time in 2019. It was launched by Huawei in collaboration with international NGO Close the Gap, Kenya’s Ministry for ICT, Computer for Schools Kenya, GSMA and operator Safaricom. The project aims to bring digital technology to resource-poor regions and enable people to receive quality education and improve their lives. By the end of 2020, the project…
By Our Reporter On Saturday, 19 March, nominees for the eight edition of the Africa Magic Viewers’ Choice Awards will be unveiled in a special broadcast on all Africa Magic channels on DStv and GOtv, we have learned. Nollywood actors, Adesua Etomi-Wellington and Daniel Etim-Effiong, will announce the nominees in all 33 categories for this edition. Executive Head, Content and West Africa Channels, MultiChoice Nigeria, Dr. Busola Tejumola speaking on the broadcast said, “We received a good number of quality entries from across the continent for this edition of the AMVCAs and we are pleased to reveal the final shortlist…
By Our Reporter There is a new posh hangout in town — La Terraza Bar and Lounge. Located at at Acacia Avenue in Kisementi, it officially opened its doors to the public on Thursday evening. While its location is familiar to party goers, as it replaces former Sky Lounge, everything else has changed. The decor is more stylish and elegant, with a more radiant atmosphere. And revelers came out in big numbers for the grand opening ceremony. The bar’s rooftop was packed to the brim with revelers by 8pm. Guests were welcomed with mixes from Fem DJ who had them dancing…
By Our Reporter MTN Uganda has reinforced its partnership with M-KOPA in a bid to avail 4G smartphones at instalment payment terms, as a way of making them accessible to the people who may not be able to pay for smartphones, upfront. This follows a successful partnership between MTN and M-KOPA last year that enabled the sale of over 70,000 smartphones on M-KOPA’s fintech platform, which has financed over 2 million customers across Africa. Under this partnership, customers can choose from a wide range of up to 11 assorted Samsung and Nokia devices from M-KOPA and finance them for up…
By Our Reporter In celebration of the International Women’s Day, Baileys treated women on their special day to delish moments. Bailey’s lovers were given an opportunity to delight their favourite women with the lip smacking delicious liqueur. They were required to share on social media the women who have inspired them and why using the hashtag — #WomensDayDelight. “We all have that amazing woman that has inspired us. Delight her this Women’s Day with 750ml Baileys Delight bottle. Tag that woman that has inspired you and tell us how. Post with the hash tag #Women’s Day Delight,” read the post.…
By Our Reporter MTN Foundation in partnership with Smart Girls Foundation has embarked on the construction of a skilling facility with the capacity to train 400 girls annually in vocational programs. The facility which will be housed at the Smart Girls Foundation offices in Kampala will specialize in vocational and business upskilling, inclusive of courses like electricity installation, house painting, tailoring, carpentry, welding, catering, among others. Speaking during the ground-breaking ceremony held in Kampala on Tuesday, MTN Uganda General Manager for Customer Experience, Dorcas Muhwezi said the project is envisaged to give birth to 40 new women-led businesses in the…
By Our Reporter NBCUniversal International Networks & Direct-to-Consumer (NBCUIN & DTC) together with MultiChoice, have announced the launch of DreamWorks – the 24-hour channel dedicated to kids and family entertainment – across Sub-Saharan Africa on DStv. From March 18, the channel will offer DStv customers access to popular content from one of the world’s most recognizable animation studios, available on DStv channel 304 and via the DStv app. The new channel will offer DStv customers a slate of award-winning, original television series, including: All Hail King Julien, The Adventures of Puss in Boots, Kung Fu Panda: The Paws of Destiny,…