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dfcu Bank offering luxury Isuzu SUVs at discounted rates in new campaign

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Kawalya Douglas Head Tender Sales MAC East Africa Ltd, dfcu Bank's Ronald Ssonko Asset Finance Manager and Daniel Kairu Head of Business Developmetn ICEA unveiling the offer at Isuzu showroom.

Head Tender Sales MAC East Africa Ltd, Kawalya Douglas, dfcu Bank Asset Finance Manager Ronald Ssonko, and Head of Business Developmetn ICEA Daniel Kairu unveiling the offer at Isuzu showroom.

By Our Reporter

dfcu Bank in partnership with MAC East Africa Limited and ICEA (Insurance Company of East Africa) have launched an Asset financing campaign that will see customers purchase the latest Isuzu mu-X 2018 at a special offer price. The current market price for the luxury SUV is $60,000 but for a period of 3 months, with dfcu’s asset financing campaign, customers will own it at a 5% discounted rate. This offer will make it possible for customers to make payments in instalments.

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According to Ronald Ssonko, dfcu Bank’s Asset Finance Manager, one can pay $999 monthly and along with comprehensive insurance and motor service for 12 months from ICEA. Affordable acquisition of the Isuzu mu-X is supported by attractive terms of payment available through non-collateral or security deposit Asset Financing with dfcu Bank.

“dfcu asset financing provides a medium-term option for acquiring the Isuzu mu-X. A contract is drawn between dfcu and the customer, the Bank provides the vehicle in return for specified repayments at an agreed interest rate. At the end of the period and after complying with all the contract terms, ownership of the vehicle is fully assigned to the customer. Asset finance is based on the notion that business cash flows are generated from the use of the asset, ” he adds.

Isuzu mu-X is designed and built with the Isuzu tradition of good quality, reliability, affordability and tough utility purpose. Beneath the trendy look, comfortable cabin and modern amenities is a tough off-road 4WD with improved aerodynamics, road handling and safety-enhancing electronics powered by a more fuel efficient and better-performing engine.

“The Isuzu mu-X is a celebration of modern Isuzu styling and design blended with the Isuzu tradition of reliability, trust and muscular toughness. The sharp cascading edges and contours give the mu-X a muscular bold look and aero dynamism which also complements the contemporary looks, giving it fuel efficiency and excellent handling on all terrain in Uganda,” said Kawalya Douglas, Head Tender Sales, MAC East Africa Ltd.

According to Daniel Kairu, Head of Business Devlopment and Marketing at ICEA General Inusrance Uganda Ltd, most people think of motor insurance in terms of third party insurance; something akin to graduated tax for cars-some punishment for choosing to drive while others are walking. The motor third party benefit of UGX 1M is nothing to write home about.

“Over and above the statutory insurance, motorists need to think about how much they actually spend on their cars. Every scratch, every dent, every knock, is paid for out-of-pocket (and never planned for). A comprehensive cover will pay for damage to your vehicle, damage to the other vehicles involved in the accident, injury or death caused to third parties, damage to third party property, 24 hour rescue services coupled with accident scene management for your car amongst others and all for a one-off premium,” Daniel Kairu added.

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Huawei and MTN Sign a Joint Business Innovation MOU

Huawei has announced it has signed a joint business innovation MOU with MTN, a leading mobile network operator across Africa and the Middle East at the 2019 Mobile World Congress.

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Huawei has announced it has signed a joint business innovation MOU with MTN, a leading mobile network operator across Africa and the Middle East at the 2019 Mobile World Congress.

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Huawei has a 17-year working relationship with MTN and is the company’s most important network solutions provider.  The signing of the joint business innovation memorandum is an important part of their strategic partnership. Both parties have agreed to expand Active Data Growth, Rich Media Services, Mobile Financial Services, Enterprise, and Wholesale businesses from the traditional voice and data service cooperation. The memorandum will move MTN and Huawei beyond the traditional trading relationship and extend cooperation in strategic research, business scenario design, joint product development, and joint solution go-to-market that will have a far-reaching impact on the implementation of the MTN B.R.I.G.H.T. strategy and the vision of achieving Digital MTN.

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Photo: MTN and Huawei Joint Business Innovation MOU Signature Ceremony

“The signing of the joint business innovation memorandum with MTN will strengthen strategic cooperation between the two parties in the future,” said Mr. Li Dafeng, of Huawei’s Executive Supervisory Board and Director of the Office of the ICT Infrastructure Business Management Committee.  “Previously, we focused on building high-quality network serving end-users as well as on business requirements, scenarios, and business success. We believe Huawei’s outstanding innovation, R&D, and localized service capabilities will help MTN build differentiated competitiveness and leadership in its target markets.”

MTN Group COO Mr. Jens Schulte-Bockum said:  “In the historical cooperation between MTN and Huawei, Huawei helped MTN build a top-quality network with leading technologies, excellent quality, and zero network security incidents.  MTN continued to lead the ICT development in the Africa and Middle East region, and most MTN markets operate in emerging countries and regions. To further eliminate the digital divide in these countries, improve people’s lives, and achieve the vision of Digital MTN, it is willing to work with Huawei to bring benefits to the public and society. MTN attaches great importance to cyber security, which is a global technical challenge. MTN will work with global partners to solve this problem and provide sustainable, stable, and reliable digital services for the public and society.”

MWC 2019 runs from February 25 to February 28 in Barcelona, Spain. Huawei is showcasing its products and solutions at booth 1H50 in Fira Gran Via Hall 1, booth 3I30 in Hall 3, the Innovation City zone in Hall 4, booth 7C21 and 7C31 in Hall 7. For more information, please visit http://carrier.huawei.com/en/events/mwc2019

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NC Bank partners with JCB to make it easier to acquire construction equipment

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NC Bank Managing Director, Sam Ntulume addresses media.

NC Bank Managing Director, Sam Ntulume addresses media.

By Our Reporter

NC Bank has partnered with Ganatra Plant & Equipment Limited (GPE), the sole authorised distributors for the JCB brand in Uganda and Kenya, to make it easier for individuals and SMEs to acquire construction equipment.

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The partnership which was officially signed on Tuesday at the JCB showroom located along Kampala road will see JCB customers receive financing for equipment with a 5 percent subsidy on the customer’s contribution per equipment. The total subsidy is to be used as a deposit enhancement for the minimum contribution or in addition to the customer’s contribution.

While addressing media, NC Bank Managing Director, Sam Ntulume said that this partnership will go a long way in supporting businesses to acquire the equipment needed which will play a big part in helping them grow and expand their business.

“We believe this scheme will benefit all players in the construction industry; both individuals and Small and Medium Enterprises (SMEs), who want to grow their businesses and acquire new assets, but face strained cash flows. Through this partnership, they will now have an opportunity to purchase equipment to expand their business when they have less deposit amounts”, Ntulume said.

“Every loan will be considered on a case by case basis. We will consider your cash flows and structure the facility in a manner to fit with in it. Therefore the payment could be monthly, quarterly or annually depending on your cash flow.” He added.

JCB General Manager, Ms Ashiana Jivraj expressed excitement about the partnership and noted that this will enable SMEs and local contractors to acquire quality construction equipment even when they are unable to raise the required deposit.

“The partnership between NC Bank and JCB through GPE will offer a fixed total subsidy per unit on a deal by deal basis to customers who qualify under the bank’s credit approval,” she noted.



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MTN Foundation refurbishes Kamukira hospital in Kabale

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The MTN Foundation has handed over a refurbished and furnished Kamukira Health Centre IV in Kabale District to the health centre administration.

By Our Reporter

The MTN Foundation has handed over a refurbished and furnished Kamukira Health Centre IV in Kabale District to the health centre administration. The health centre got a complete facelift after MTN Foundation committed Shs 300m for the cause that also included donating items like beds, mattresses, bedsheets, blankets and mosquito nets. This event took place on Friday, 27th February 2019 at Kamukira Health Centre IV in Kabale District.

“Through the MTN Foundation, MTN Uganda continues to show its commitment towards improving the livelihoods of Ugandans. We identified this health centre because it had an urgent need and services quite a number of people. The MTN Foundation refurbishments will go a long way in improving the services offered by the health centre,” said Gordian Kyomukama, the Acting CEO MTN Uganda.

The donation formed part of the MTN at 20 celebrations that are taking place in Kabale through the MTN Expo currently ongoing at the Kabale Stadium. Since October 2018, MTN Uganda has been celebrating 20 years of operating in Uganda. The regional expos are part of the celebration until 25th May 2019 and Kabale was the first stopover.

The regional expos are part of MTN’s indication that it remains committed to operating in Uganda for years to come.

“We have been celebrating the connections made of the last 20 years. The MTN customer has been able to connect because they are on the network. However, that is not all a telecom should do. Through the MTN Foundation, we are ensuring that connect communities to essential health and education services among others,” said Charles Mbiire, the Chairman MTN Uganda.

The handover ceremony was graced by The Prime Minister of Uganda, Right Honourable Ruhakana Rugunda. Rugunda commended MTN Uganda for the work to foster communication in Uganda and for the several initiatives to improve the livelihoods of Ugandans.

“I once again commend the MTN Foundation for this great work and for the demonstration of great corporate social responsibility by contributing to the improvement of health care of the disadvantaged communities in Uganda.

“We look forward to even more support from our friends at MTN Uganda and hope that even other companies will follow their example for the greater development of our country,” he said.

The MTN Foundation is expected to carry out charitable events as part of the activities to mark 20 years in Uganda. The remaining expos will take place in Gulu, Lira, Fort Portal, Mbarara, Arua, Hoima and Mbale districts.

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