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CiplaQCIL lists on USE

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By Staff Writer

Cipla Quality Chemical Industries Limited (CiplaQCIL), a leading pharmaceutical manufacturing company in Sub Saharan Africa operating in Uganda, today officially listed on the Uganda Securities Exchange. The Listing Day event was graced by the Minister of Trade, Industry & Cooperatives, Amelia Kyambadde and held at Kampala Serena Hotel with the ceremonial Bell Ringing to start trading in CiplaQCIL at exactly 9:30am.
The Uganda Securities Exchange public trading floor and Automated Trading System (ATS) were relocated to the Serena, the first time this has been done for a Listing Day.

Emmanuel Katongole, Executive Chairman CiplaQCIL said, “Today, is a key milestone not just for the Company but also for Ugandans because it is a testament to the fact that enterprise, integrity and partnerships will make your dreams come alive. We are excited for the next phase of the CiplaQCIL journey and even more so because we are embarking on this journey with many Ugandan individuals, investment clubs, and institutional investors. We are grateful for the interest and support during the IPO period shown by the institutional and retail pool investors who participated in the offer.

Nevin Bradford, the CEO of CiplaQCIL said,‘This public listing, is in line with our long term vision at CiplaQCIL to become a center of excellence in the manufacturing of quality, affordable and newer medicines that improve the quantity and quality of life. Since our humble beginning 13 years ago, we have made a significant contribution to the effort to save lives by arresting the scourge of dreaded diseases, such as malaria, HIV/AIDS and hepatitis B. Our WHO pre-qualified products are already approved by regulatory authorities in: Uganda, Kenya, Rwanda, Tanzania, Namibia, Ivory Coast, Zambia, Zimbabwe, Malawi, Namibia, Mozambique, Ghana, Ethiopia, Angola and South Sudan among others. We continue to pledge zero tolerance for any compromise in quality at our state-of-the-art Kampala manufacturing plant.’

Paul Bwiso, the CEO Uganda Securities Exchange said,“We congratulate CiplaQCIL upon being the first company with Ugandan founders and entrepreneurs to bring their company for a listing on the USE. It is the 9th local company to be listed and as a pharmaceutical manufacturing company offers investors a unique asset. 2105 new investors opened securities accounts to participate in the offer. As part of the USE mandate and the leading platform for secondary market trading in Uganda we must continuously review our value addition to all stakeholders, investors, issuers, custodians, brokers and all market players. We congratulate CiplaQCIL on this historic achievement and thank them on behalf of the market.’

John Porter, Chief Business Officer Renaissance Capital, the Lead Transaction Adviser and Sole Bookrunner for the CiplaQCIL IPO said, “We take pride in executing a deal for the company with such a crucial humanitarian mission. Following the successful roadshow, the offering has been oversubscribed with the major part of the demand coming from blue-chip SSA investors. Robust participation from Ugandan and international institutions demonstrated confidence in the CiplaQCIL story and Uganda’s capital markets as an avenue for growing investors’ assets. It is our strong belief that the transaction will also have economic and social impact in the region by way of improving employment, national trade balance and ultimately investment climate in general.”

Robert Baldwin, the CEO Crested Capital the Lead Sponsoring Stockbroker for the CiplaQCIL IPO said,“We are extremely pleased to reach today’s Listing Day milestone for CiplaQCIL. The turnout of new, first-time investors in the retail pool was much higher than anticipated. More than thirty investment clubs and SACCOs also participated in the offer, deepening the engagement of the investing public in Uganda’s stock market. Finally, this IPO is the most cost-efficient in history with less than 5% of the advertising and promotional budget of previous public offers. I commend the issuer, transaction advisors, Crested’s Special Project team and of course our regulators CMA and USE for their tireless efforts to bring CiplaQCIL to market.”

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Featured

Fresh Dairy Re-Assures Families With Healthy and Nutritious Products That Contribute To a Balanced Diet

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By BigEyeUg Writer

Nutrition is fundamental to ensuring healthy development for children and families. Having a balanced diet is one of the basic requirements of nutrition. A balanced diet implies having a meal that contains different kinds of foods in certain portions such that the body’s requirement for nutrients is met.

While a balanced diet should be a must have in every family, in this fast paced era it can be a challenge for parents to ensure that their families are eating healthy and nutritious foods. The lack of time often forces families to either stick to one type of meal for long or to prepare quick easy to make junk food which doesn’t have sufficient nutrients required by the body.

Fresh Dairy, the leading producer of dairy products in Uganda seeks to address the need for balanced diets in families by producing healthy and nutritious products including Fresh milk, flavoured milk, Long life or UHT milk, powdered milk, Fresh Dairy flavoured yoghurt, Brookside Fruit yoghurt, ghee and butter all made with fresh milk from Ugandan farms. All Fresh Dairy products are nutrient-rich with Energy, Carbohydrates, Protein, Fat and Calcium among others.

Commenting on the need for families to have a balanced diet, Marketing Manager Fresh Dairy – Vincent Omoth noted that Fresh Dairy takes pride in being a family brand that ensures that families enjoy dairy products, that are not only healthy but packed with nutritious ingredients. ‘At Fresh Dairy, we put the family dietary needs at the fore front while developing products. We ensure that all members of the family, from the children, teenagers, adults are catered for by producing a variety of products, in varying sizes and flavours to meet changing consumer needs.

Omoth added that both Fresh Dairy and Brookside products can be consumed according to individual consumer preferences. For instance Fresh Dairy Flavoured Yoghurt and Brookside Fruit Yoghurt can be consumed as healthy snacks, Butter can be used as a spread on bread or for baking, Ghee can be added to meals, Flavoured milk can be consumed on the go in between meals, while Long life milk can be consumed straight from the packages or cooked. All this is meant to meet varying consumer needs, he added.

All Fresh Dairy and Brookside products are available countrywide in Shops, Duukas, Kiosks, Supermarkets and Tricycle agents located near consumers. Customers can also place orders for free home delivery by calling Fresh Dairy’s customer care toll free line on 0800100020/21 or WhatsApp 0715744664.

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Celebrity Gossip

Sheebah names Ghetto Kids’ Patricia as Holic Pads brand ambassador

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By BigEyeUg Team

Young dance group, The Ghetto Kids’ Patricia Nabakooza has bagged a juicy gig as brand ambassador for singer Sheebah Karungi’s ‘Holic Pads’.

The good news crowning the young talented choreographer was shared on Wednesday afternoon by Sheebah herself.

The ‘Team No Sleep’ singer says there was no way she could miss-out working with Patricia bearing the fact that she has an outstanding work ethic and passion.

True Leaders Don’t Just Create Followers. They Create More Leaders. Meet Our Holic Pads Ambassador Patricia Sitya Loss 💜 I Love Working With This Young Queen, Her Work Ethic & Passion Is Everything!,” Sheebah wrote.

Patricia has also kick-started her new job in high gear with words endorsing the use of Holic pads by the girl-child during the menstrual days.

Every Girl, No Matter Where She Lives Deserves To Feel Comfortable During Her Red days. Have you used @holicpads Yet? What’s Your Experience?” stated Patricia.

Holic Pads are manufactured and sold under the ‘Nakyuka’ singer’s company, Sheebah Establishments.

Sheebah launched Holic pads earlier this year at Pearl of Africa Hotel witnessed by influential women in Uganda including; Barbie Kyagulanyi, Queen of Toro Best Kemigisha, Miss Uganda’s Brenda Nanyonjo, former Miss Uganda Brenda Abenakyo and many others.

At the event, Sheebah said she had been inspired by her past struggles to get pads to launch the business.

See more photos here;

Congratulations Patricia!

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Local Business

Cab driver wins big in MoMo Nyabo promo, to invest in fish business

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Ayebale Ismail who won Ugx 4.2 million in MoMo Nyabo promo is going to invest his cash prize in Fish business.

Ayebale Ismail who won Ugx 4.2 million in MoMo Nyabo promo is going to invest his cash prize in Fish business.

By Our Reporter

Through its promotion dubbed MoMo Nyabo Together, MTN Uganda is giving out up to Ugx 5,000,000 shillings to two winners every weekday in a bid to support Ugandans as they rebuild from the financial devastations caused by the COVID-19 pandemic.

Among the recent lucky winners is 34-year-old Ismail Ayebale, an airport taxi driver walked away with Ugx 4,200,000 shillings. The airport cab driver who has been out of business since the closure of the airport was overjoyed to learn that he had been chosen as a lucky winner in the on-going MTN MoMoNyabo Together promotion.

Due to his Covid 19-induced unemployment, Ayebale became a fish vendor to support his family. The young man that lives next to Lake Victoria in Entebbe buys fish from various fishermen and later on dresses and sells it to people in Kampala at a profit, to make ends meet for his family.

“Life has not been the same, the money I earn now is nothing compared to what I would make before the COVID pandemic,” Ayebale said as he narrated how tough the times have been for the past five months.

The MTN Marketing Coordinator for Central Region, Jimmy Ssempuuma congratulated Ayebale while handing over his cheque of Ugx 4,200,000 shillings. He empahises MTN’s commitment to supporting its customers though such promotions.

Ayebale chose to share the money he won with his mother Margret Nyakaisiki. An excited Nyakaisiki over a phone conversation ululated as she vehemently thanked MTN Uganda for giving back to her son who in turn shared with her.

Ayebale noted that he had always heard about the MoMoNyabo campaign but always thought it was a hoax since he had never won. He however confirmed in the presence of his family that having been named a lucky winner, he is now a strong believer of the MoMoNyabo Together promotion.

To take part in the promotion that was launched last month, MTN customers simply use the MyMTN app or dial *165# to buy data or airtime as well as paying for many other services using Mobile Money.



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Local Business

MTN MoMo: Your One-stop Payment Point

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By Our Reporter 

In March 2009, MTN became the first telecom operator in Uganda to launch a mobile financial service that would revolutionize the country’s financial fabric. More than a decade later, the service has evolved into a one-stop financial transaction point that is championing financial inclusion across the spectrum as it transforms the country into a cashless economy.

From the most basic feature of sending and receiving money, to performing simple tasks such as buying airtime and data in the comfort of your home or paying bills and school fees, you can now transact across the borders as well as pay taxes to the Uganda Revenue Authority, make Kampala City Council Authority Payments and make donations and so many other payments on your phone using MTN MoMo.

According to Stephen Mutana, the General Manager Mobile Financial Services at MTN Uganda, paying for goods and services is easy, safe and convenient when you keep some money on MTN MoMo.

He added that, “the experience of using MTN MoMo has been made even better with the MyMTN app.”

The MyMTN app is available and can be downloaded from both android and iOS app stores.

To ease the payment for goods and services, MTN Uganda launched MoMoPay, a digital payment platform that allows customers to pay for goods and services directly from their Mobile Money accounts, free of charge without having to withdraw it first.

Caroline Nakato, an ardent user of the MoMoPay service says that the payment method has simplified her life.

“I don’t have to stress with going to the bank to withdraw cash and carrying it around for shopping or paying for certain services. All I have to do is transfer it to my MoMo account and off I go. It saves me time yet it is safe secure and always available. Even when I lost my phone, my PIN number keeps my money safe,” says Nakato.

MTN MoMoPay is available in several supermarkets, shops, pharmacies, hospitals and all MTN Service Centers in towns across the country, meaning that even when one travels upcountry, they can still access the service.

Online Shopping with MTN MoMo

Another exciting innovation for people who love online shopping is perhaps, the MTN MoMocard. MTN in partnership with Mastercard offers customers the ability to make online payments using a virtual card known as the MTN MoMocard. The payments are made from the customer’s MTN MoMo account.

To enjoy this service, simply dial *165*70# and select option 1 (Create MTN
MoMocard). You will be prompted to enter your MTN MoMo PIN. The MTN MoMocard details are sent to the customer via SMS message. It costs UGX 1,000 shillings only to create the MTN MoMocard for a transaction.



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