By Our Reporter
Liaison Financial Services Limited (Liaison), a leading independent provider of retirement benefits schemes administration and consultancy services has today launched the Liaison Umbrella Fund to Ugandans looking for an effective retirement plan.
The Fund which is managed by a top of the range technical team is regulated by Uganda Retirement Benefits Regulatory Authority and is compliant with Capital Markets Authority, Bank of Uganda and Uganda Revenue Authority.
Liaison is a pioneer in scheme administration services to pension schemes, provident funds, defined benefits schemes, defined contribution schemes, hybrid schemes and investment trusts.
“We are committed to being the preferred and leading risk, insurance, pension and investment consultants in Africa. Over the years, we have deepened our presence and service in Uganda. Liaison stands as the oldest pension scheme administrator in the market, having been present in Uganda since 1997,” said Isaac Ampeire, Director at Liaison Financial Services Limited.
According to Patricia Akot, the sole objective of the Liaison Umbrella Fund was to customize and personalize individual retirement solutions, with the goal of retirement planning to achieve individual financial independence. The Fund takes care of the individual’s retirement planning under the supervision of a skilled, passionate and professional team.
“Our aim is to ensure that individuals focus on their core business, and look forward to retirement with the knowledge that their money is safe and working for them,” added Akot.
Under the Liaison Umbrella Fund, members are paid their full benefits plus a bonus interest payment in the following year, all clients’ savings are protected from all creditors and the members have full control of retirement planning through the option of making additional voluntary contributions targeted towards a member’s retirement goals.
The Fund also harnesses the power of technology to deliver services at the convenience of the client at any given time through the Fund’s versatile online platform, SMS network and the banking system which allows benefits to be paid within a week. Lastly, all generated solutions are local and are tailored to the individual clients’ needs.
“Liaison Umbrella Fund is a testimony of our Live today love tomorrow philosophy and we take pride in the choice we present to the market. We also take pride in the contribution we bring to the Uganda economy. We are inspiring a saving culture in Uganda and the knock-on effect to economic development is invaluable.” Isaac concluded.
Fanfare in Masaka as MTN launches “MoMo Nyabo” promo
By Our Reporter
Business was brought to a standstill in Masaka town on Friday afternoon as MTN Uganda launched the second edition of the “MoMo Nyabo” campaign which is aimed at encouraging customers to transact using Mobile Money.
The campaign which was officially launched during a press briefing held at Brovad Hotel was marked by a flurry of fanfare, much to the excitement of the town dwellers.
The launch was followed by a procession around the town displaying the brand new Toyota Wish cars and motorbikes that will be given away during the campaign.
It culminated in a mega concert which was hosted at the Masaka Recreation grounds. Revelers were entertained by Uganda’s top artistes including Jose Chameleone and Bebe Cool among others.
During the concert, the first winners in this year’s MoMo Nyabo campaign were also announced. Kigundu Rashid and Steven Nanziga emerged the lucky winners and each walked away with a motorcycle.
Meanwhile, prizes worth Ugx 1.5billion will be won by lucky customers in the eight week campaign.The prizes include 24 cars, 32 Boda bodas, 160 smartphones as well as mobile money.
The MoMo Nyabo promotion is part of a series of offers the telecom company has launched in recent times to reward customers including bonus on data bundle purchase via MTN Mobile Money and a few days ago, MTN slashed mobile money sending rates by more than half.
“This will be a double win for our customers. First of all, they will be sending money at half price. While doing that, they will be entered into a draw to win one of those exciting prizes. So in a way, all our customers will be winners”. Samuel Gitta, MTN Uganda’s Ag. GM Risk & Compliance said.
“We are continually evolving to make our customers’ lives better. We value and appreciate our customers and all that we are doing is just to give back to them for continuing to support us,” he added.
For customers to stand a chance to win one of the prizes, all they have to do is dial *165*1#. Customers will then automatically enter into a draw to win the exciting prizes.
Vivo Energy in joint venture with Kuku Foods to accelerate roll-out of KFC restaurants
By Our Reporter
Vivo Energy plc (Vivo Energy), the pan-African retailer and distributor of Shell and Engen-branded fuels and lubricants, has agreed to form a non-fuel joint venture to accelerate the roll-out of KFC restaurants in Kenya, Uganda and Rwanda. The 50:50 joint venture will manage and operate the restaurants in the three markets on behalf of Kuku Foods East Africa Holdings (Kuku Foods), who will remain the local KFC franchisee. Completion of this transaction is subject to standard legal agreements and regulatory and competition authority approval.
The restaurants, 22 in Kenya and 8 in Uganda, are located in shopping malls, city centre locations, and service stations. Kuku Foods plans to open its first KFC restaurant in Rwanda in 2019.
The 5 KFC restaurants operated by Kuku Foods Tanzania, the KFC franchisee in Tanzania, will not form part of the transaction.
The joint venture will enable a significant increase in the number of KFC restaurants in the portfolio in the coming years. It is envisaged that many of the new restaurants will be opened at Vivo Energy’s network of service stations across Kenya, Uganda and Rwanda, which leverages Vivo Energy’s retail footprint, with more countries to be considered in the future, based on market opportunities.
Commenting on the transaction, Christian Chammas, CEO of Vivo Energy, said: “We are delighted to be partnering with Kuku Foods to replicate the KFC joint venture model we pioneered in Botswana and Côte d’Ivoire. Kuku Foods shares our ambition to invest in order to grow the number of restaurants and give more African customers access to the internationally renowned KFC brand. This partnership further demonstrates our ambition to continue to offer more convenience to satisfy the evolving needs of our growing number of African customers.”
Derrick Van Houten, Group CEO of Kuku Foods and Principal Operator of the KFC franchises, added: “Having launched our first KFC in East Africa in 2011, we have successfully grown the business over the last eight years. We are delighted to announce this new partnership with Vivo Energy to continue this growth, bringing our world-renowned KFC products and experience to as many customers as possible.”
KFC Africa’s General Manager, Tarun Lal concluded: “We are delighted that KFC can leverage the joint venture entered into between Vivo Energy and Kuku Foods to continue to grow its network of KFC restaurants in Africa. We are confident that the KFC franchisee will continue to provide customers with a great KFC experience, driving improvements in customer
service and quality through its relationship with Vivo Energy.”
Rising Woman initiative returns for second edition
By Our Reporter
Monitor Publications Limited’s (MPL) flagship brand Daily Monitor in partnership with dfcu Bank’s Women in Business Program and Uganda Investment Authority(UIA) have launched the second edition of the Rising Woman initiative.
The Rising Woman initiative which was started last year under the theme ‘Taking your business ahead’ is meant to recognize, celebrate and promote a culture of mentorship among women in business in Uganda and targets Ugandan business women, Small scale investors, Entrepreneurs, Members of Uganda Women Entrepreneurs Association Limited (UWEAL), Members of Uganda Small Scale Industries Association (USSIA) and Uganda Manufacturers Association (UMA) members.
Speaking at the launch, dfcu Chief Executive Officer Mathias Katamba called the initiative a “…fundamental step on the path to creating a financially-enabling environment for female entrepreneurs.”
He went on to note that the bank has created programs and products which specifically address the financial needs of women across the country. “As a financial institution that believes in building thriving communities, dfcu embarked on a journey to creating an enabling environment for Small and Medium Women owned Enterprises starting in 2007, with the introduction of the Women in Business program. Our primary motivation is the fact that despite women making up over 52% of the population of Uganda, it is not reflected in the ratio of women who have access to financial services.”
“Through the program, we work with women in diverse ventures to turn business ideas into realities which in turn become vehicles for change in communities. With over 53 years of lending to SMEs, and at least 10 years running the WiB program, dfcu Bank understands the financial needs of women and goes ahead to provide tailor-made solutions for them,” Katamba added.
He also officially announced the call for business proposals through the bank’s official website which will begin the contention for the top 10 business ideas.
The proposal submission is already underway and will run up to 20th September 2019. The top 3 winners will walk away with Ugx 15 million, Ugx 10 million and Ugx 5 million respectively and the top 10 will take part in an all-expense study tour trip to Nairobi.
HOT RIGHT NOW
- Celebrity Gossip3 days ago
Ykee Benda becomes a father, set to celebrate in Burundi
- Celebrity Gossip1 day ago
Weasel Now Dating Miss Rwanda; Opening Borders of Love
- Celebrity Gossip4 days ago
Photos: Nxt Radio Gives Out Gifts to Loyal Listeners
- Entertainment News4 days ago
Taata Fresh Kid Gets Shoe Brand Ambassador Role
- Featured13 hours ago
Lynda Ddane is Making Men Go Crazy on TV: Martha Kay’s Successor
- Celebrity Gossip4 days ago
Photos: Peng Peng Swallows Mama Fina Live on Stage
- Featured3 days ago
Banzega: How Kisekka Market Mechanics Rob Car Owners; Ring Leader Revealed
- Celebrity Gossip4 days ago
Nigerian comedian Klint da Drunk excited to be in Uganda again