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.”
Kabira Country Club to host Easter Carnival
By Our Reporter
The Easter holiday is upon us. In the spirit of Easter celebration, Kabira Country Club is organizing a mega Easter Carnival slated for Saturday, April 13th.
Dubbed “Kabira Easter market”, it will be a fun-filled affair featuring an artisan market with over 100 vendors and lots of entertainment including a live band. There will also be plenty of kids’ activities like face painting, egg treasure hunt, and full access to a playground fitted with jumping castles, swings and more games.
The event is free entrance and gates will be opened mid-morning.
With 95 luxurious guest-rooms and exceptional amenities, Kabira Country Club offers a perfect getaway for relaxation.
“Whether your stay is for business or pleasure, Kabira Country Club has all you could possibly need in a modern, comfortable hotel, situated in a wonderful location.” Vismay Maniyar, the general manager of Kabira Country Club noted.
itel Launches its Latest Power Series Smartphones itel P33
By Staff Writer
itel, a leading and reliable mobile phone brand, today has unveiled the launch of its latest Power series smartphones P33 in Uganda today. Building on the premium legacy of long-lasting battery performance, the itel P33 embodies a revolutionary battery setup with the industry-leading technologies that takes smartphone battery experience to a whole new level.
AI Power Master to Ensure Your Power in Control
itel P33 comes with 4000mAh separately to provide longer browsing experience. This device is available for 80 hours normal use, 22 hours continual 3G phone call, 350 hours standby with sim card*. Thanks to the advanced AI Power Master, which help to control P33’s power consumption in many scenarios automatically without bothering the users, now users do not need to worry about running out of battery and frequent charging. Furthermore, the power saving mode intelligently adjust the phone performance (WLAN. Bluetooth, data, display brightness) and apps to extend battery life by 35% at most.
Big Memory for More Storage
P33 expanded its ROM from 8GB to 16GB, increased 140% compared to P32. The P33 has more than 12GB free space for users to keep photos, videos and install more apps, thanks to the optimized AndroidTM OreoTM (Go edition) operating system with its light pre-installed apps.
Double Security to Protect Your Privacy
Additionally, itel P33 comes with face unlock and fingerprint sensor to secure your privacy. Compare to P32, now the P33 fingerprint quick access functions have been upgraded from 5 functions to 8.
itel P33 comes with a vibrant range of colors including the new fashionable blue color.
Lindah Nakityo Kasasa Digital Marketing / Communications Manager, itel mobile Uganda, said:
“With the newly unveiled itel P33, itel Mobile is committed to providing best-in-class smartphones for everyone that offers more value with cutting-edge technology, features, and style but at a very friendly price. The itel P33 is extending the reputation of an exceptional value proposition that no mid-range flagship smartphone can match, and we are confident, this device will not just raise the bar but will satisfy our consumer’s need of a long-lasting battery to the fullest.”
Established in 2007, itel is an entry level and reliable mobile phone brand for everyone. Adopting “Join ( Enjoy” as its brand philosophy, itel’s mission is to provide budget-friendly mobile communications technology to everyone. It democratises technology by giving entry to technology and connectedness to consumers without prior access to it, allowing them to get closer and benefit from their social connections. After more than 10 years’ development, itel has expanded its presence in around 40 emerging markets globally. itel has a product portfolio of smartphones, tablets and feature phones and in 2017, it achieved a landmark sale of more than 77 million devices globally. African Business, an authoritative business magazine in Britain, has ranked itel 16th in the 2017/2018 TOP 100 MOST-ADMIRED BRANDS IN AFRICA ranking. For more information, please visit: http://www.itel-mobile.com/global/
Coca-Cola enabling access to safe drinking water for refugees in Uganda
By Our Reporter
Equatorial Coca-Cola Bottling Company remains committed to the communities of the countries where it operates through a newly launched collaboration with Spain for UNHCR (The United Nations Refugee Agency). The project, known as “Water Assistance for South Sudanese Refugees in Uganda” is designed to ensure access to safe drinking water for South-Sudanese refugees in Uganda.
Guaranteeing access to clean water and sanitation services for South Sudanese refugees in Uganda is the driving priority behind the collaboration between Equatorial Coca-Cola Bottling Company and Spain for UNHCR. The project will be carried out in the settlement of Bidibidi, located in the district of Yumbe, west of the Nile River. As the largest camp for refugees from South Sudan, it covers approximately 234 square kilometers.
UNHCR and Equatorial Coca-Cola Bottling Company seek to improve the water supply situation at the Bidibidi refugee camp settlement through installing a hybrid system that will ease extraction from one of the existing wells. In total, there are two functional hand pumps, one of them being this deep well where pumping water requires the strength of minimum two adults, meaning the process is strenuous and difficult. This new system will provide clean water to more than 6.500 people, covering a distance of 9km radius from the water site and creating 7 different distribution points, it is estimated that the recommended availability of 20L per person per day when the site is fully operating will be achieved.
Having access to clean water and sanitation infrastructure is key to ensure a healthy life. Additionally, clean water availability has the power to encourage gender equality, further education and generate income for people who have been forced to flee their homes as a result of war, persecution and violence.
Yet millions of people across the world are deprived of this essential need. The issue is particularly problematic in Southern Africa. The United Nations estimates that Sub-Saharan Africa alone must spend up to 40 billion hours per day collecting water.
The United Nations has also resolved that all refugees or asylum seekers must have access to safe drinking water. In Uganda, one of the largest countries of asylum in the world, 65.5% of over 1.22 million refugees come from South Sudan, where the conflict started in 2013 caused a massive exodus of civilians to neighboring countries.
Insufficient water supply in the Bidibidi settlement has led refugees to resort to collecting water from unprotected sources, including open ponds, streams and rivers, to meet domestic needs. Not only does this raise severe health concerns, but it also instigates gender issues and hinders education because women and children are generally the ones commissioned by their
families to fulfill the arduous task of extracting water from a deep well.
Other sources of clean water include tank trucks able to supply 40 m3 of water a day, a measure that is both expensive and unsustainable.
“Equatorial Coca-Cola has a long history supporting South Sudanese communities, we began our operations in the country in 2012, and we continue supporting them wherever they are, not only by providing beverages but with our community projects.” Mark Jan Hoogendam, General Manager, Equatorial Coca-Cola in South Sudan (UBC).
“Coca-Cola Beverages Africa in Uganda is honored to join Equatorial Coca-Cola Bottling Company as they commission their collaboration with Spain for UNHCR in an initiative dubbed “Water Assistance for South Sudanese Refugees in Uganda” – Maureen Kyomuhendo, Public Affairs & Communications Manager, Coca-Cola Beverages Africa in Uganda.
Coca-Cola Beverages Africa in Uganda is already working with REHORE, a local NGO in Uganda to empower female refugees in three camps including Bidibidi under the Coca-Cola 5 by 20 program.
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