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Lucky Airtel subscribers win tickets to AFCON

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Airtel Uganda handed over two all-expense paid tickets to Esele Peter and Moses Ebuk as part of the ongoing Sukuma Cash promotion. The two lucky winners will be travelling to Egypt to watch Uganda Cranes play live during the AFCON games. They will join Nakabugo Carol and Mawanda Isaac – first two lucky ticket winners.

Esele Peter, an Airtel Money subscriber and Moses Ebuk Silver an agent based in Ayam district were joined by hundreds of other subscribers who won the daily prize of UGX500,000 each in the third draw of the competition.

At the handover Remmie Kisakye, Head of Brands and Communications Airtel Uganda encouraged subscribers to continue making transactions because everyone is a winner.

She also encouraged the winners to continue making transactions because their continued support for Airtel Uganda is support to the Uganda Cranes team.

“Since the promotion begun, we have rewarded 175 Airtel Uganda subscribers each week, and we are excited to be rewarding more today. In the Sukuma Cash promotion, everyone is a winner when they send money to their family and friends. This is because we cut the transaction fees by 60% which means that whenever you send money, you are making a saving,” she noted.

To stand a chance to win, subscribers simply have to dial *185# and send money or carry out any other Airtel Money transactions like pay bills, pay school fees buy data, voice as well as voice bundles.

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MultiChoice launches new self-service apps

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My Dstv app

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MultiChoice Uganda has unveiled two new mobile apps that put the power of self-service in customers’ hands.

Dubbed MyDStv and MyGOtv Apps, they are tailor-made for the Ugandan market to ensure minimal data consumption and ease of use.

“In this ever-growing digital environment, it’s our mission to stay ahead of the curve and continue to enrich our customers’ lives,” said Patricia Kiconco, the Head of Customer Experience and Care for Multichoice Uganda. “Multichoice has embarked on various initiatives to increase the overall customer experience by improving all customer touch points within the customer life cycle. The self-service applications will allow customers to manage their accounts from their phones.”

The apps are available for download via the App and Google play stores at no cost.

Customers previously accessed the self-service platforms only via Web.

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Kansai Plascon Uganda announces partnership with Bunyoro Kitara Kingdom

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Kansai Plascon Uganda announces partnership with Bunyoro Kitara Kingdom

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The Bunyoro Kitara Kingdom has entered into a partnership with Kansai Plascon Uganda. The five-year cooperation between the two parties has been announced by His Majesty the King of Bunyoro Kitara kingdom at the official palace in Hoima.

Part of Plascon’s contractual obligation will be painting of the official palace ahead of this year’s Empango celebrations in June.

Addressing the press, His Majesty the King noted that this partnership was an affirmation of the Kingdom’s working relationship with Kansai Plascon Uganda as a business and paint leader in Uganda.

“I’m grateful that this long term relationship has been established with the Kansai Plascon brand. We believe the Kingdom and everyone that stays within its boundaries is going to enjoy in the benefits that are already coming through as a result of the business, especially their paint innovations. So from today onwards Plascon is Bunyoro Kitara Kingdom’s exclusive painting partner of choice, and at all events they will be recognised as our sector partners,” His Majesty confirmed.

Daniel Kayongo, the Kansai Plascon Marketing Coordinator was equally appreciative of the relationship. “In the past we have painted the Toro Kingdom, and painted some places of worship like All Saints Church and Our Lady of Africa church Mbuya, and it gives us a lot of joy to team up with Bunyoro Kingdom today and giving their palace a fresh face.”

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NSSF to hold first ever Investment and Wealth Management symposium

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NSSF Managing Director Richard Byarugaba

NSSF Managing Director Richard Byarugaba addresses media.

By Our Reporter

NSSF will hold the first ever Investment and Wealth Management symposium on June 10, 2019 that will bring together financial advisory and investment experts from within the East African region to promote professional financial and investment decision making.

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NSSF Managing Director Richard Byarugaba said that for NSSF members to sustainably benefit from their savings, they must plan and seek expert advice, lest they lose all their life savings because of ill-advised and poor decision-making.

“In 2018, we conducted a survey among NSSF beneficiaries to compare their quality of life on retirement before and after receiving NSSF benefits. 53% said that their benefits sustained them for less than a year and by the end of the first year, 98% had no cash left. We know that the story would be different if they had planned well and had sought professional advice,” he said.

The symposium, which will be attended by over 1,000 people at the Kampala Serena Hotel, will also equip participants with knowledge to enable them plan for their retirement better by managing their personal finances well, planning, and making sound and informed choices about financial products and investment.

Participants will also be exposed to tailor made business solutions available at various providers such as Stanbic Bank, Stanlib Investments, Xeno Investments, ICEA Assurance, Housing Finance Bank, National Housing and Construction Limited among others.

Byarugaba announced that the Fund has lined up a guest speaker who will talk about “Wealth Creation & Preservation for Generations”. Other topics of discussion include “How to create wealth through Capital Markets” and “Real Estate for Wealth Creation & Preservation”.

“This symposium is only a part of our Financial Literacy Programme at the Fund. Through this initiative, we want to offer professional financial and investment advice to our members to enable them make better decisions when they get their retirement funds.”

“Financial literacy is an area on which the Fund will focus because unfortunately, not many Ugandans have the knowledge and skills to make informed financial decisions. We have specifically segmented our membership, from those who have started saving with us to those who are about to exit to enable us provide advice that is relevant and useful,” Byarugaba added.

According to the findings of the Fund’s survey, most retirees invest their pension in agriculture, business, land, rentals, cows, further education, school fees, medical bills or fixed deposits to earn an interest.

“Making better investment decisions will ensure retirees do not end up being destitute or dependent after receiving their pension. Whereas many of our members invested their money gainfully in business, there is a general lack of knowledge on business management and opportunities that can generate earnings to cater for their cash flow needs,” Byarugaba concluded.

The event speakers have been drawn from Bank of Uganda, Capital Markets Authority, Stanbic Bank, National Housing and Construction Company Limited, Housing Finance Bank and NSSF.

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