Ugandans can now shop directly from worldwide renown stores such as Amazon, eBay, Macy’s, Victoria Secrets, Zappos, Dash and many other’s with the coming of Bazebo, East Africa’s premier online retail shopping and selling brand. Its operations in Uganda started on Saturday following a soft launch. As the internet becomes more affordable and accessible, online shopping is expected to grow as Ugandan shoppers begin to realise the benefits of online shopping.
The Ugandan-based Bazebo platform enters the market as a replacement for Nigerian-based Goods Express, which closed shop in November last year. Previously the Goods Express online platform & partnership had been tainted with increased purchase returns, inability to track products in real-time and delayed deliveries compelling the Ugandan counterpart to terminate the partnership and seek a more superior system as compared to what Goods Express Uganda was offering.
Moses Ihoza, Chief Executive Officer of the Acacia mall based Bazebo says, “As promised we are excited to have landed a Superior online retail platform to Uganda’s market and we have laid ground in the rest of the East African markets to allow instant cohesion when we launch in a big way. The website is now open for our customers to purchase all they can and enjoy the experience – I believe the best online experience there is in Uganda today. Our customers can browse and evaluate from over 400,000,000 goods/ brands available and give us feedback. We have partnered with stores such as Amazon, Macy’s, eBay among many other in order to meet and exceed our customer expectations in the shortest time possible.”
From clothing to medications and supplements; technology to home furnishings and car accessories almost anything imaginable can be bought at Bazebo online and shipped right to customer’s preferred location. For emergency and quick deliveries like medicine and perishable items, Bazebo has installed drones, maybe the first in Uganda, that are meant for deliveries in rural & remote places. Uganda will have followed Rwanda and Tanzania among East African countries to launch a drone delivery program.
Customers can choose from a range of payment methods, including both Airtel and MTN Mobile money. Bazebo promises a 4-10 day delivery period, instant refund policy, free international return policy, and a product quality filter which shows how new the product is and different prices available on a product type.
“Our primary mandate is to give our customers the best deals, solutions and support for the ultimate online shopping and selling experience. We will guarantee you quality brands, affordable prices and the best online shopping experience you can get,” Ihoza added.
Coca-Cola Beverages Africa Uganda invests $8.35Million in brand new manufacturing line
Coca-Cola Beverages Africa (Uganda) officially broke ground for a brand new US$8.35million (UGX 30.7billion) Manufacturing Line to bottle more on Friday.
The new bottling line at the Coca-Cola Beverages Africa (Uganda) Namanve site operated by Century Bottling Company will have a capacity of producing 24,000 bottles an hour, accelerating the production of natural mineral water to refresh and rehydrate Ugandans.
The US$8.35million (UGX30.7billion) investment will bring to Uganda the newest bottling line technology out of Germany, enabling the Company to innovate further for increasingly changing consumer demands.
The investment is part of a US$15 Million investment plan Coca-Cola Beverages Africa has for Uganda alone in 2018.
Minister of State for Investment and Privatisation, Hon. Evelyn Anite, officiated at the ground-breaking ceremony after conducting a tour of the Namanve Plant and welcomed Coca-Cola Beverages Africa’s additional investments.
She lauded Coca-Cola Beverages Africa for focusing on Uganda and spending the bulk of the US$8.35million (UGX30.7billion) within Uganda to benefit citizens and support the economy.
“Of this, I am told US$3.5million will be spent inside Uganda on civil works and construction and auxiliary services. That is a very significant amount for many reasons. First of all, that means that the bulk of the investment that we are launching today is going to be spent inside our own country and will directly benefit Ugandans. That fits well within our ‘Buy Uganda, Build Uganda’ policy and I applaud you for that. Also, your investment in a new Manufacturing Line creates more jobs for very many categories of Ugandans – which fulfills the NRM pledge to create more jobs and wealth especially for the youth of Uganda,” she said.
“As Government, we acknowledge and thank Coca-Cola for being a development partner of Uganda. On top of these investments, you also pay taxes – I understand you paid UGX140billion in taxes last year. This is a highly significant amount and we look forward to seeing it increase once this new investment begins to bear results. During the tour of the facility, it was gratifying to see the quality of your equipment and to note that you have two other bottling facilities in Uganda, and that you are still setting up more. By bottling high quality international brands in Uganda you are promoting the economy within Uganda and also promoting the country internationally,” she added.
Ag. Managing Director, Mr Patrick Oyuru assured guests of the investment commitments of Coca-Cola Beverages Africa (Uganda), which runs three subsidiaries bottling Coca-Cola products (Century Bottling Company), pure natural mineral water (Rwenzori Bottling Company) and recycling plastic waste taken from the environment (Plastic Recycling Industries).
“We employ about 1,800 Ugandans in our three plants in Kampala, Mukono and Mbarara, and support more than 90,000 businesses across our extensive retail distribution network. Coca-Cola Beverages Africa is proud to make these contributions on top of paying taxes to the tune of more than UGX140billion annually. We are serious about doing business in Uganda and supporting this economy,” he said.
He added that the investment in the brand new US$8.35million Manufacturing Line was a strong demonstration of Coca-Cola Beverages Africa Uganda`s commitment to the development of Uganda despite the tough economic conditions.
“Because of this new Manufacturing Line, our 1,800 employees and hundreds of thousands of other Ugandans involved in selling our high quality products around the country will be assured of ongoing employment because production will increase. As well, the biggest bulk of this investment will be spent inside our own country and will directly benefit Ugandans. This fits well within the “Buy Uganda, Build Uganda” policy that Government is advocating. The new will create more jobs for various categories of Ugandans – which fulfills the Government pledge to create more jobs and wealth especially for the youth. This includes employees during the construction as well as additional employees when the new line is completed. We are happy to be contributing to the development of Uganda,” he added.
CCBA management emphasized that the Company will continue to be a relevant partner with Government and called upon the officials to ensure they work to limit the challenges private sector faces in doing business
StarTimes announces it will broadcast the 2018 FIFA World Cup in Russia.
StarTimes has today confirmed it will broadcast all the 64 FIFA World Cup matches live and in HD. StarTimes acquired media Pay-TV broadcasting rights for the Sub-Saharan Africa to broadcast the World Cup and the theme will be “ALL 64 MATCHES IN HD AND LIVE”.
StarTimes Vice President also Brand and marketing manager Aldrine Nsubuga stated “Our current market leadership with close to 1.4 million subscribers guarantees that the 2018 FIFA WORLD CUP RUSSIA will now be enjoyed by many more households than the previous ones. This is excellent news to millions of television owners in Uganda who couldn’t watxh the World Cup due to high cost of acquisition and subscription.”
The world cup will broadcast on StarTimes on four dedicated channels which are World Football, Sports premium, Sports Life and Sports focus.
StartTimes was launched in 2010 and is now the leading digital TV operator in Uganda with 1.4 million subscribers.
Stanbic Bank recognised as best performing primary dealer for 2017
For the 7th consecutive year, Stanbic Bank Uganda has been recognised by Bank of Uganda as the best performing commercial bank trading in the Government securities. (Treasury Bills and Bonds)
The award honours financial institutions that promote participation in trading in government securities in a bid to foster the development of financial markets and improve the secondary market trading system.
Accepting the award on behalf of the bank, Stanbic Bank CE Patrick Mweheire said, “As the most active participant in the secondary trading market Stanbic bank plays a critical role supporting Uganda’s economic growth and national developmental agenda. Last year alone Stanbic bank accounted for 30% of the 5.1 trillion shillings in Government securities traded on the secondary market.”
He also noted that the bulk of these funds are used to finance construction of much needed national infrastructure projects so vital for trade and economic transformation.
Handing over the award at BOU headquarters in Kampala, the Governor BOU Emmanuel Mutebile said, “I wish to acknowledge the role that this year’s award winner Stanbic Bank Uganda Ltd has played especially for participating in the primary auctions, market making capabilities, consistent pricing as well as timely market intelligence. Because of their effort, they have been able to ensure efficiency in the operations related to the Government securities market at the central bank.”
The 5.1 Trillion in turnover of Government securities in 2017 represented a 29% increase from 2016. In the same vein, the ratio of secondary market turnover to the total outstanding stock of Government Treasury securities increased significantly to 41.0% in 2017 from 28.9% in 2016.
Launched in 2005, the Primary Dealer (PD) system aims to promote participation in Uganda Government securities markets, to foster the development of financial markets, to improve the secondary market trading system as well as to ensure efficiency in the operations related to the Government securities market at the central bank.
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