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Emirates Group posts a profit of US$ 631 million in 2018-19 annual report

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By Our Reporter

The Emirates Group has today released its 2018-19 annual report. According to the report, the Emirates Group posted a profit of AED 2.3 billion (US$ 631 million) for the financial year ended 31 March 2019, down 44% from last year.

The Group’s revenue reached AED 109.3 billion (US$ 29.8 billion), an increase of 7% over last year’s results.

The Group’s cash balance was AED 22.2 billion (US$ 6.0 billion), down 13% from last year mainly due to large investments into the business, including significant acquisitions and payment of last year’s AED 2 billion (US$ 545 million) dividend.

In line with the overall profit, the Group declared a dividend of AED 500 million (US$ 136 million) to the Investment Corporation of Dubai for 2018-19.

His Highness (H.H.) Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group, said: “2018-19 has been tough, and our performance was not as strong as we would have liked. Higher oil prices and the strengthened US dollar eroded our earnings, even as competition intensified in our key markets. The uptick in global airfreight demand from the previous year appears to have gone into reverse gear, and we also saw travel demand weaken, particularly in our region, impacting both dnata and Emirates.

“Every business cycle is different, and we continue to work smart and hard to tackle the challenges and take advantage of opportunities. Our goal has always been to build a profitable, sustainable, and responsible business based in Dubai, and these principles continue to guide our decisions and investments. In 2018-19, Emirates and dnata delivered our 31st consecutive year of profit, recorded growth across the business, and invested in initiatives and infrastructure that will secure our future success.”

In 2018-19, the Group collectively invested AED 14.6 billion (US$ 3.9 billion) in new aircraft and equipment, the acquisition of companies, modern facilities, the latest technologies, and staff initiatives, a significant increase over last year’s investment spend of AED 9.0 billion (US$ 2.5 billion).

In February, Emirates announced a commitment for 40 A330-900s and 30 A350-900s worth US$ 21.4 billion at list prices in an agreement signed with Airbus, to be delivered from 2021 and 2024 respectively. The airline will also receive 14 more A380 deliveries from 2019 until the end of 2021, taking
its total A380 order book to 123 units.

dnata’s key investments during the year included: the acquisitions of Q Catering and Snap Fresh in Australia, and 121 Inflight Catering in the US; the buy-out of shares to become the owner of Dubai Express, Freightworks LLC; and a 51% majority stakeholder of Bolloré Logistics LLC, UAE; the build of new cargo and pharma handling facilities in Belgium, the US, the UK, the Netherlands, Australia, Singapore and Pakistan; the acquisition of German tour operator Tropo, and a majority stake in BD4travel, a company providing artificial intelligence driven IT solutions in the travel sector.

Across its more than 120 subsidiaries, the Group’s total workforce increased by 2% to 105,286, representing over 160 different nationalities, mainly influenced by dnata’s new acquisitions and its international business expansion.

Sheikh Ahmed said: “In 2018-19, we were steadfast with our cost discipline while expanding our business and growing revenues. By slowing the recruitment of non-operational roles, and implementing new technology systems and new work structures, we’ve improved productivity and retarded manpower cost increases.”

He concluded: “It’s hard to predict the year ahead, but both Emirates and dnata are well positioned to navigate speed bumps, as well as to compete and succeed in the global marketplace. We must continually up our game, that’s why we invest in our people, technology, and infrastructure to help us
maintain our competitive edge. As a responsible business, we also invest resources towards supporting communities, conservation and environmental initiatives, as well as incubating talent and innovation that will propel our industry in the future.”

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Local Business

MTN MoMo Nyabo promo is back, Ugx 1.2 billion in cash prizes up for grabs

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Somdev Sen, MTN Uganda Chief Marketing Officer unveiling the new promo.

By Our Reporter

MTN Uganda has launched the 3rd edition of the highly rewarding MoMoNyabo promotion. Under the theme “MoMoNyabo Together”, this year’s promotion is designed to help MTN customers with the much-needed support following the negative effects of the covid19 pandemic on the wellbeing of many Ugandans.

Unlike previous editions which were characterized by fanfare around the country and giving away of cars, motorbikes and other prizes, this year MTN is focusing the promotion on supporting customers meet their most urgent needs such as domestic welfare, rebuilding small businesses or meeting outstanding obligations among others.

“Life has not been the same for many. Times are tough, and every Ugandan is trying to find a way to rebuild following effects of covid. It’s in this spirit that MTN is stepping in to be part of several efforts aimed at supporting Ugandans to rebuild”, said Somdev Sen, MTN Uganda Chief Marketing Officer.

“MoMoNyabo Together is one of several ways that MTN Uganda is standing with Ugandans in the midst of today’s disruptions,” he further commented.

The MoMoNyabo Together promotion will reward customers that have embraced MoMo, and use it to pay for airtime, bundles, utilities like Yaka, NWSC, TV subscription plus shopping, school fees among several other services, everywhere they go.

MTN has earmarked over UGX 1.2billion in mobile money prizes to be given away to lucky customers and MTN MoMo Agents and/or merchants. The winners will be chosen in draws to be broadcast on NBS and Bukedde TV every day, starting at 8:20pm.

Every week day, two customers that have used MTN MoMo to pay for airtime, bundles or another service, will randomly be chosen and each will win a guaranteed UGX 1m/- with a chance to triple that amount and also win an additional UGX 2m/- for friends and loved ones through an exciting game show. This brings the total amount available for each winner and their beneficiaries to UGX 5m/-.

All this will be broadcast on TV.

To win money for their friends and loved ones, customers’ will be given a chance to participate in a quiz in which they will be asked 5 general knowledge questions each with a multiple choice of answers, for the winners to select the correct one. Each question is worth UGX 800,000 which will be equally split between the winner and their preferred beneficiary. The winner has the option to choose one beneficiary for all the answers they get right or nominate several beneficiaries for each question answered correctly.

Nominated beneficiaries can be individuals, families, organizations/causes who should be active MTN customers.

“MTN MoMo not only saves our customers the inconveniences of having to leave their comfort to get airtime, bundles or other services, it also gives them the chance to win much needed money though this promotion”, Somdev concluded.

Customers don’t have to deposit all their money on the phone but just keep some on MTN MoMo to use it when they need it the most. For example, if you have 5,000/-, you can deposit 2,000/- on your MTN MoMo account and use it to pay for airtime, bundles or other services and enter the MoMoNyabo Together promotion for a chance to win money.

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BigEye Money

CiplaQCIL delivers essential medicines to Bostwana

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By Our Reporter

In preparation of COVID-19 restrictions in Botswana, the United Nations Programme on HIV/AIDS (UNAIDS), the United Nations Children’s Fund (UNICEF), the United Nations Population Fund (UNFPA), the government’s Ministry of Health and Wellness and the Central Medical Stores did an audit on the availability of medicine such as antiretrovirals (ARVs). According to UNAIDS, Botswana needed to acquire 2.3 million doses of ARVs for adults living with HIV to meet the demand for the following nine months1.

With a 20.3% prevalence of adults living with HIV in Botswana, it is one of the countries where the pandemic is the most prevalent. Botswana was the first country in Sub-Saharan Africa to distribute universal free ARVs to people living with HIV2.

The Uganda-based pharmaceutical manufacturer, CiplaQCIL, was able to meet the country’s demand of the fixed-dose combination of tenofovir, lamivudine, dolutegravir (TLD) – the country’s first-line ARV.

CiplaQCIL has two thirds of the 1 million packs of TLD (37 tons) to Botswana and the consignment was transported by chartered Boeing 727 cargo freight planes. The balance of the order will be delivered later in July.

CEO of CiplaQCIL, Nevin Bradford, said: “Botswana faced a potentially critical situation in terms of shortages of essential medicine. We are proud that CiplaQCIL was able to rise to the challenge and ensure that people have access to lifesaving medicine, while also delivering on our ‘Africa for Africa’ commitment”.

CiplaQCIL recently also dispatched 300 000 packs of ARVs (a combination of tenofovir, emtricatabine, efavirenz) to South Africa, and will shortly deliver 1.5 million malaria treatments to Kenya.

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BigEye Money

4 Tips to Fool the Eye and Get an Illusion of a Bigger Room

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By Staff Writer

If you live in a small space, everything has the potential to make a massive difference. And that’s the key idea behind this article. In this article, we’ll teach you tips and tricks that can help you make your small room look bigger by the application of just a few clever tips and tricks. Unfortunately, the small rooms can make the space look uncomfortable and confining. However, there are a few design concepts, which can fool the eye and make any space look more spacious than it already is. Furniture arrangements, color techniques, and smart lighting are just a few of the many topics that will be covered in this post. Hopefully, these ideas will be inspiring for you. 

Use clever contrasts and light areas

It is a well-known fact that light colors have the potential to make space look brighter and bigger. Bright walls and light together act as reflective and make space feel more airy and open. This helps maximize the effect, which is created with the help of natural light. On the other hand, the dark colors absorb the light and make the room look smaller. To achieve an optimum effect, you should opt for softer hues like green, blue, and off-white. Also, remember that a brighter room will look more inviting and certainly bigger. Anusha, a hobbyist home decorator, who is a full-time assignment expert at TFTH,says that she just painted the moldings and the wall trims (blue) in a color lighter than the color of the walls (green), and now the room looks bigger because the wall seems farther apart from each other.  

Lighting is your key to opening up any space

Rihanna, a college student who availed of statistics homework help by TAE, currently lives in a small rented apartment. She said she has added a bunch of lighting fixtures in her room, and that gives an illusion of it being bigger than normal. If you do not want to invest in lighting fixtures, let the natural light inside the room. You’ll be amazed at the kind of difference lighting can make for your room. When you have adequate access to the natural light, allowing it into the home via large windows will work as a connection between the room and the outdoors, thereby making space look bigger. You can either get sheer window covering or completely pull them back, to ensure that more light comes in. In case the view outside is not very pleasant, you can add some flowers or plants near the window. You can even use some lamps to brighten up space. 

Cut out the clutter

You must keep your room organized and tidy. Harry, who is a homework help assistant with EssayWriter4U,says that he has a stack of books for his reference, which he rarely ever uses in his room, and that occupies a lot of space. He recently got rid of all of these books, and that made his room look more organized and tidy. Trust us when we say this, nothing else makes the room look more cramped and cluttered than having too much stuff. When things are arranged neatly, space looks more open and orderly. Always remember, a cluttered room is equivalent to a smaller room. Also, do not just cover all the walls with a lot of pictures and photographs. If you want the room to look bigger, just a large painting works better than multiple smaller paintings. If a lot is happening in the room, it can make it look crowded and busy. Now, when you are decorating a small room, try to create one focal point, one feature, or area that will bag all the attention. For instance, if it is the dining room, then this area will be the dining table. Now, you have to arrange the furniture in a manner that the focus is on this area. So, naturally, you have to ensure that the décor around is minimalist. Furthermore, you should try to keep the floor as clear as possible. This is certainly the most important tip to make the room look spacious. You can get rid of all the larger rugs to give an illusion of wider floor space. 

Add mirrors in the room

Mirrors give an illusion of a bigger room. So, for the adequate effect, you can pick a focal point, and then position your mirror towards it. This will give an illusion of depth. Furthermore, the mirror reflects the artificial as well as the natural light. As a result, the room looks lighter and brighter during the day and the night. Mirrors tend to bounce the light into the room, and thus, make it look larger. Ayesha, who is a work from the home employee with TrumpLearning,says that since she spends a major part of her day in her room, she has placed the mirror right near the window, as it reflects the light of the sun and makes the room look more airy and fresh. You can also add a mirrored cabinet that’d make space look larger.

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Local Business

ISBAT University, Airtel Uganda partner to provide free access to university’s Hybrid Virtual Learning Platform

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ISBAT University has announced a new partnership with Airtel Uganda aimed at providing students with free access to the University’s Hybrid Blended Learning platform.

By Our Reporter

ISBAT University has announced a new partnership with Airtel Uganda aimed at providing students with free access to the University’s Hybrid Blended Learning platform using the Airtel internet platform.

The partnership that is in line with the Uganda government’s efforts to ensure safety for everyone as well as education and business continuity from home will see Airtel provide free access to student numbers provided by the university and will be available to all active students of the current semester (Spring 2020).

Commenting about this partnership during the launch, ISBAT University Vice Chancellor Dr. K.M. Mathew noted that World over Universities adopted such learning and assessment practices for the affected semester(s) in order to save the semester and progress academically.

“ISBAT University’s interactive live virtual classes attracted a vast majority of students with lots of encouragement from the University community. The University’s aim is to ensure that our students are not at disadvantage due to the prolonged closure of the University in the lockdown period and we sincerely hope to save the semester in a timely manner,” he noted.

Airtel Uganda Managing Director Mr. V.G. Somasekhar congratulated ISBAT University upon this essential innovation and encouraged the students to utilize this opportunity to further their education.

Since the lockdown of all Education facilities in March 2020, Airtel Uganda has put in place a number of interventions to ensure Ugandans continue to access their education materials. The telecommunications company recently partnered with Avaya Holdings Corp. (NYSE: AVYA), as well as a number of online education providers to implement remote learning initiatives.

The collaboration between Airtel and ISBAT is going to be a paradigm shift in the higher education sector of Uganda, especially during this unprecedented pandemic situation.

Students will greatly benefit by this unique arrangement, as they will be able to continue with the academic progress in an uninterrupted manner with more enthusiasm and high academic spirit, without spending anything for expensive internet data.

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