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Jumia listed on the New York Stock Exchange

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The New York Stock Exchange welcomes JUMIA TECHNOLOGIES AG (NYSE:JMIA) to the New York Stock Exchange (NYSE) to highlight its IPO. CEO of Jumia Nigeria, Juliet Anammah, joined by NYSE COO John Tuttle, rings the Opening Bell®.

The New York Stock Exchange welcomes JUMIA TECHNOLOGIES AG (NYSE:JMIA) to the New York Stock Exchange (NYSE) to highlight its IPO. CEO of Jumia Nigeria, Juliet Anammah, joined by NYSE COO John Tuttle, rings the Opening Bell®.

By Our Reporter

Jumia Technologies AG (“Jumia”) (NYSE:JMIA), the leading pan-African e-commerce platform, has officially announced its listing on the New York Stock Exchange. This listing is the result of a team success, and all the Jumia employees across Africa rang the “ bell” at the same time in each country and in New York, this listing being the result of a team success.

Shell new fuels have arrived in Uganda. Find out more here

Founded in 2012, Jumia started a mission to improve the quality of everyday life in Africa, by leveraging technology to deliver innovative, convenient and affordable online services to consumers. Jumia further empowers businesses to grow, by using its platform to reach and serve consumers across the continent.

Jumia is currently active in 14 African countries with more than 81,000 active sellers transacting online with millions of consumers. The e-commerce platform directly employs more than 5,000 team members in Africa.

“This achievement has been made possible thanks to the hard work of our teams, the trust of our consumers, as well as the commitment of our sellers and partners. All stakeholders deserve credit for this milestone, and we are just at the beginning of a long and great journey. We are going to continue to focus on our mission and to work even harder to help consumers, sellers, partners and all stakeholders benefit from this technological revolution.” said Sacha Poignonnec and Jeremy Hodara, co-founders and co-chief executives.

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Fruit factory officially opens in Soroti

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Soroti Fruit Factory

By Our Reporter

Shell new fuels have arrived in Uganda. Find out more here

The Soroti fruit factory has officially been opened. Located in Arapai Industrial park, the fruit processing plant will provide a ready market to fruit farmers in Teso region and improve household incomes.

The project which was funded by the Government of Uganda with a contribution of UGX 20.5bn and a grant from the Government of Korea worth UGX 27.8bn, bringing the total cost of the factory to UGX 48.2bn, was commissioned by President Museveni on Saturday.

Speaking at the commissioning ceremony, the President advised farmers with small pieces of land against growing cash crops and instead opt for other activities like fruit farming, dairy farming, apiary, and poultry keeping which have a higher return on investment per acre.

“Cash crops should be a preserve of farmers or institutions with large tracts of land. For those with small pieces, you should go for crops or activities that offer high financial returns even when done on small scale. That is why I preached fruit farming, dairy rearing, apiary, keeping poultry, in place of coffee growing, tobbaco farming and others,” the President said in his address.

“I have studied the global market, the demand for fruits is big. The same for dairy products, fish and honey that is why I recommend these products. Therefore, let us go into fruits because they are the medicine for poverty for the ‘small people’.” He added.

The factory has a processing capacity of 6 metric tonne/hour and 2 metric tonne/ hour for oranges and mangoes respectively and will be making fruit concentrates and ready-to-drink juice.

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MTN awards Huawei ‘Supplier of the Year’ award

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MTN Awards Huawei Supplier of the Year 2018 and Best Innovation 2018By Our Reporter

MTN Group hosted its Annual Supplier Award Ceremony in Dubai late last month. Huawei, the leading global information and communications technology (ICT) solutions provider, shone bright, winning two awards. The company was announced as the winner of the Supplier of the Year 2018 and Best Innovation 2018 Awards.

Shell new fuels have arrived in Uganda. Find out more here

The Supplier of the Year Award recognises the best overall performance from a group supplier across several performance metrics such as quality, delivery and support, account performance management, innovation and meeting MTN compliance and risk requirements. While the Best Innovation Award focuses on suppliers who demonstrate and share best practice, market insights and generate the most innovative ideas and solutions.

The theme for the awards this year was centered around three key pillars: Innovation, Collaboration and Excellence. All areas where MTN has worked extensively with Huawei to ensure MTN continuously stays at the forefront of the telecoms industry, and consistently delivers the most innovative products and services to its customers.

“As a supplier with leading products and solutions and with a team of dedicated professionals, Huawei has been a part of our success for a very long time and we recognise their partnership with confidence towards a bright future,” said Mr. Dirk Karl, MTN Group Executive: Global Sourcing and Supply Chain, as he presented the awards to Huawei.

“Hand in hand, both MTN and Huawei teams have been working together and conquered numerous difficulties in the past. We look forward to continuing our collaboration and overcoming any new challenges we may face in the future,” The President of Huawei MTN Key Account Group Mr. Frank Li said.

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Lucky Shell customers win brand new minibuses and motorbikes

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By Our Reporter

Shell new fuels have arrived in Uganda. Find out more here

Vivo Energy Uganda has handed over 2 brand new taxi vans and 2 motor bikes to lucky winners in the just concluded Juzza Akameeza promotion. The prizes were handed over to the winners amid excitement during a grand draw held at the Old Taxi Park.

The Juzza Akameeza promotion sought to reward Taxi and Truck drivers who use both Shell Rimula Diesel Engine oils and Shell Fuel Save Diesel in their taxi vans and trucks.

Speaking at the handover ceremony, Vivo Energy Uganda Managing Director, Gilbert Assi thanked the customers for their continued support and loyalty towards the Shell brand. “Our customers are at the heart of our business, it is therefore no surprise that we appreciate the taxi and truck drivers. This vital segment spends a lot of time on the road and derives livelihood from their vehicles. Our high quality products, Shell Fuel Save Diesel and Shell Rimula Diesel engine oils are designed to deliver more value to the drivers and reduce their operation costs so they can have more money left over for themselves and their families.”

“Through our Juzza Akameeza promotional campaign, we have given both taxi and truck drivers an opportunity to transform their lives by becoming business owners. Twelve drivers have won brand new motor bikes and 2 have won brand new taxi vans among other amazing prizes won through the course of the campaign.” He added.

The four-month long countrywide campaign has seen a total of 12 regional draws conducted at various taxi parks around the country with drivers bagging prizes worth over UGX 250 million. These prizes include 2 brand new taxi vans worth UGX 130,000,000, 12 motor bikes worth UGX 50,000,000 and household items including sugar, rice and salt worth UGX 70,000,000.

Mr. Yusuf Wavamuno, winner of one of the two brand new taxi vans said he could not believe his luck. Yusuf, a taxi driver who plies the Jinja – Kampala route said he stopped for a Shell Fuel Save Diesel refill at Shell Clock Tower and was asked to participate in the campaign. “This new taxi means a lot to me because I now have an extra source of income for myself and my family. Thanks to Vivo Energy Uganda, I now own a brand new taxi, my life has truly been changed! I encourage other taxi and truck drivers to continue using Shell Fuel Save Diesel and Shell Rimula Diesel engine oils.”

Vivo Energy remains committed to the taxi and truck drivers and additional offers have been lined up for this segment during the course of this year.

To participate in the Juzza Akameeza promotion, drivers simply had to spend UGX 50,000 on Shell Fuel Save Diesel or service their vehicles with Shell Rimula Diesel engine oils. The campaign attracted participation from over 6,000 taxi and truck drivers.

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