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Etihad Airways wins top honours at the prestigious Adam Smith Awards

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Left to right: Adam Boukadida, Etihad Airways’ Deputy Treasurer; Ricky Thirion, Etihad Airways’ Group Treasurer - at the Treasury yesterday Adam Smith Awards in London.

Left to right: Adam Boukadida, Etihad Airways’ Deputy Treasurer; Ricky Thirion, Etihad Airways’ Group Treasurer – at the Treasury yesterday Adam Smith Awards in London.

Following a string of recent awards for its funding activities and treasury practice, Etihad Airways swept top honours at the Treasury Today Adam Smith Awards in London.

Etihad Airways’ treasury team collected the highest honour, winning the Top Treasury Team Award for overall excellence. The team also picked up the awards for Best Financing Solution and Best Cash Management Solution.

Winning the Top Treasury Team Award, against a field of strong international competition, Etihad Airways’ Treasury Department was recognised for its innovative transformation and centralisation programmes that have made an outstanding contribution to the airline.

Presented at a gala luncheon in The City of London’s historic Gibson Hall, the awards were collected by Ricky Thirion, Etihad Airways’ Group Treasurer; and Deputy Treasurer, Adam Boukadida.

James Hogan, Etihad Aviation Group President and Chief Executive Officer, said: “Innovation is at the heart of everything we do at Etihad Airways. These latest awards are a testimony to the talent in our finance team. Our strategy is clear and finance is a core enabler of that strategy – a business model that focuses on organic growth and minority investments in airlines around the world. Our equity partner strategy is creating a total which is greater than the sum of its parts, a grouping working together to improve revenues, reduce costs and uncover exciting new business synergies.”

James Rigney, Etihad Aviation Group Chief Financial Officer, said: “The performance of our treasury team this last year has been remarkable. These highly coveted awards, especially the team of the year award, are very well deserved. The success they have had is a catalyst for Etihad Aviation Group’s plans for further growth and investment.”

Angela Berry, Co-founder and Group Publisher at the Treasury Today Group, said: “The Adam Smith Awards are the ultimate industry benchmark for achievement in corporate Media release treasury, Etihad Airways is to be congratulated for sweeping so many of this year’s awards.”

The Best Financing Solution Award was in recognition of the landmark Etihad Airways Partners’ (EAP) US$700 Million debt capital markets transaction completed in September 2015. Seen as the first joint financing deal of its kind in the airline industry, the ground-breaking transaction was aimed at funding EAP’s expansion. A further US$500 million has since been raised in a second transaction completed last month – reflecting the financial markets’ continued confidence in the Etihad Airways Partners story.

The implementation of an innovative global cash management solution that unlocked liquidity, introduced cost savings, and allowed Etihad Airways to manage, control and report global cash centrally, was recognised with the Best Cash Management Award. The new solution brought about greater economies of scale, increased operational efficiency, enhanced financial returns and immediate solutions to local needs across the airline’s worldwide operations.

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Local Business

Nofeka, a new online retailer platform launched

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By Our Reporter

Nofeka, a new Ugandan online retailer platform has been launched. The new platform comes at a time when there is limited movement of people and access to food markets and produce stores due to the on going COVID-19 pandemic.

Kiyega Daniel the retailer’s founder and CEO says its thus the right time to launch an online retailer platform that also does deliveries so as to ease life for Ugandans mostly those affected by movement restrictions.

With an offering of a wide range of products ranging from groceries, clothing to electronics, furniture and toiletries among others, the retailer’s founder Kiyega says they are targeting to have at least 10,000 orders a month with in one year.

This, according to the firm’s projections, will grow to 1 million orders a month 5 years down the road as they step out of Uganda into East Africa and Africa at large.

Download the Nofeka app on Google Play or Apple store or visit their website  to get started.

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Local Business

Fin tech app, Cash Chat to reward users with mobile phones

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Asher Namanya, the founder and developer of Cash Chat App

Asher Namanya, the founder and developer of Cash Chat App

By Our Reporter

Financial technology app, Cash chat that has been giving opportunities to those looking at sustainable self employment through signing up on it and signing up other users for a commission has expanded its offering.

With over 100000 users across East Africa, the app has new features and customers can now do a number of other things like chat, make calls for free on the app, send money abroad and win great prizes!

In partnership with Pixan Uganda, all new customers who sign up to cash chat now by downloading the app, becoming members and take a picture of themselves and their phone showing the app will win brand new Pixan M9 phones, power banks and other accessories.

Cash chat now also gives members a chance to make additional money through bringing adverts onto the platform for a commission and saving on the app where they can earn good interest on the cash chat savings product.

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BigEye Money

Infinix to Unveil a Smartphone Beyond Performance

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By Staff Writer

Infinix Mobility as a tech company has continuously proved extremely impressive in the smartphone industry with its latest upcoming device, the NOTE7 aimed at providing users with an ultimate smartphone experience at a reasonable price.

The NOTE7 is the successor of the NOTE6 which was launched last year in July. The Infinix NOTE series have been known for their big battery, performance power consumption and fast charging among many other remarkable features. Although previous NOTE series come with an X-pen as seen in the NOTE4 Pro and NOTE5 stylus and NOTE6, it is rumored that the NOTE7 does not come with an X-pen but is said to be upgraded with more functions.

The NOTE7 is said to come with a 6.95-inch display which is much larger than its predecessor (Note 6) with quad-rear cameras with a 48MP with f/1.79 aperture, a 25mm 2MP macro lens, a 2MP depth sensor, and a low light video camera with front-facing punch-hole camera as the selfie camera. 

Infinix is said to have made a major upgrade with the NOTE7’s internal storage capacity of from the usual 64GB to 128GB expandable to 258GB with a change in the finger print scanner position from the back of the device to the side-mounted position and a massive 5000mAh battery, the first of its kind for the NOTE series which have been powered by a 4000 mAh battery.

The Infinix NOTE 7 is also said to run on a 1.7GHz Octa-core Mediatek Helio G70 gaming CPU which seems perfect for gamers.

Rumor also has it that Infinix Uganda has partnered with the one of the biggest network service providers in Uganda, Airtel to launch the Infinix flagship of 2020 with something special for the NOTE7 customers.

The new device to be launched is said to come with two model options that is Infinix Note 7 and Note 7 Lite and both devices will be available in three colors.

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CoronaVirus Uganda

Great Lakes Energy Company donates 5 Brand New Cars to COVID-19 Taskforce

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Great Lakes Energy Company has donated five brand new Nissan Double Cabin Pick-ups to the Covid-19 national taskforce.

By Our Reporter

Great Lakes Energy Company (GLE) has handed over five brand new Nissan Double Cabin Pick-ups worth 134,300 US Dollars (approximately UG Shillings 507.6m) to Hon. Mary Okurut, the Minister In Charge of General Duties and the head of the Government Covid-19 taskforce.

The five cars will help transport medical workers and distribute food across Uganda as the country continues to curb the COVID-19 pandemic.

GLE has always contributed to the communities that they operate in across Africa by supporting sustainable development projects, mainly in Health, Education and Conservation.

Commenting on the donation, GLE Director Michael Kearns said: “Given the gravity of the ongoing pandemic, we felt it prudent to respond to the President of Uganda’s appeal for additional logistical support to boost the Ministry of Health’s fleet. We are honored to contribute to the alleviation of the COVID-19 pandemic in Uganda by donating these 5-brand new pick-up trucks that will be used to transport food and medical workers to the areas they are needed the most”, he noted.

Speaking on behalf of the COVID-19 taskforce, Hon. Mary Okurut thanked GLE for the donation that will go a long way in providing additional support to the taskforce as it implements the different interventions to curb the spread of the virus.

Guided by two main pillars of strengthening healthcare infrastructure and providing assistance to the most vulnerable communities, GLE allocates funds, separate to the operational business expenditure, to support chosen philanthropic and Corporate Social investment endeavors. Last year, the company worked with local partners to fund a health outreach activity in Rushere district as well as a youth sports tournament to teach Uganda youth about teamwork and leadership.

This donation is part of Janus Continental Group’s Africa-wide COVID-19 response and shows the huge potential of public and private sector partnership, bolstering the efforts of civil society and healthcare institutions. Standing together with governments and societies, JCG is guided by the WHO call for whole-of-government and whole-of-society approach in responding to the COVID-19 pandemic.

In January 2019, GLE completed the $25 million Uganda-based Kabulasoke solar power plant developed in conjunction with the Uganda Electricity Transmission Company Ltd. The 24MW solar power plant, which is already connected to the national grid, serves over five million people in rural Uganda.

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