By Our Reporter
Threeways Shipping Services Group Ltd’s persistent applications to courts in a fervent effort to block the hearing of a suit filed by MTN against it and its Directors for recovery of USD 3,761,933 has hit a dead end in a fresh ruling by the High Court Judge, Justice Billy Kainamura of the commercial division who dismissed it with costs.
In his ruling on September 12th 2018, Justice Kainamura agreed with the position fronted by MTN Lawyers that the case involves enormous sums of money and justice would be furthered if the suit is heard on its merits. He further held that Threeways had not set out any legal grounds disputing the hearing of the case and the hearing of the suit had been frustrated by Threeways incessant applications.
The fresh ruling stems from a suit MTN filed against Threeways for defrauding the telecom giant of USD 4million in fictitious claims. Threeways allegedly made the fictitious claims to MTN between March 2009 and April 2012 on over 130 invoices with collusion of two former MTN employees: John Paul Basabosa and Naphtali Were and were paid colossal sums of money. The two employees were jointly sued with Threeways.
However, in 2014 the Commercial court presided over by Justice Christopher Madrama ruled that it was wrong for MTN to pursue the case against Threeways shipping Services yet there was a memorandum signed not to pursue a criminal case against the company at the anti corruption court.
Since then there has been back and forth appeals with MTN seeking to reinstate the suit and Threeways seeking to block it, resulting into the Wednesday ruling in which Justice Kainamura asserted thus: “I am inclined to agree with Counsel for the respondent, this case involves enormous sums of money and justice would be furthered if the suit is heard on its merits. On this premise, I dismiss this application with costs.”
MTN Lawyer Bruce Musinguzi said the next course of action is to set down the main suit for hearing at the earliest possible date to enable a speedy conclusion of the case.
A top official at MTN who preferred anonymity because the matter is still before court expressed happiness with the ruling. “It was just a matter of time before the truth comes out,” he said, adding, “You cant defraud a reputable company in broad day light, with all the glaring evidence and continue walking around with impunity. We are happy that court will finally dispense justice in a fair hearing.”
dfcu Bank granted USD 30 Million to support SMEs in Uganda
Proparco has arranged a USD 30 Million senior debt facility to support dfcu bank’s efforts to bridge the long-term financing gap for SMEs.
Proparco, the French Development Finance Institution, has extended financing of USD 15m alongside USD 15m from FMO (the Dutch Development Bank). The facility is primarily earmarked for financing of small and medium-size businesses in line with the bank’s SME-oriented strategy.
This facility was announced during a signature ceremony attended by Proparco’s Head of Financial Institutions in Africa, Mr. Emmanuel Haye, who stated that “Proparco is pleased to once again partner with dfcu. This new credit line reflects the commitment of both institutions to support an inclusive and sustainable growth in Uganda.”
Proparco and dfcu Bank have had a long-term partnership that has seen Proparco extend a series of facilities to the bank since 2005. The current facility is the 5th transaction with the bank. This testifies to Proparco’s long term commitment to supporting SMEs in developing countries and to the deepening of the financial sector in Uganda.
“The operations of SMEs occupy an admirable position in the Uganda’s economic landscape. Despite being a key driver of economic growth, long term development finance remains a huge challenge. This line of credit will facilitate dfcu in providing a range of financing instruments to SMEs in order to enable them to continue to play their role in growth, innovation and employment. This facility will further strengthen the Bank’s capacity to grow its business and subsequently consolidate our position as a leading provider of long term development finance,” said Mathias Katamba, Incoming Chief Executive Officer, dfcu Bank.
“FMO is proud to partner with dfcu Bank, a bank that supports productive SMEs in Uganda. Supporting local enterprises through trusted partners like dfcu Bank is core to FMO’s mission”, said Linda Broekhuizen, Chief Investment Officer of FMO.
National Medical Stores engages with different stakeholders in silver jubilee celebrations
By Our Reporter
“I want to assure you that the work you are doing is ordained by God and is a blessing.” That was the message delivered by the Archbishop of the Church of Uganda, His Grace Stanley Ntagali, as he officiated at the National Medical Stores (NMS) Prayer Breakfast on Wednesday. The occasion was part of the NMS Silver Jubilee celebrations, and was the culmination of 3-days of the corporation engaging various stakeholders, having started with Women and Youth leaders on Monday, followed by members of the medical fraternity on Tuesday. Religious leaders were the invitees on Wednesday, and the Archbishop was part of the entourage of officials from various faiths who honoured the invitation.
NMS is a statutory body, mandated to procure, store and distribute essential medicines and medical supplies to government health facilities, including those that belong to the Police, Prisons and Military facilities.
A recent innovation had also seen NMS become the first medical logistics body worldwide to integrate the distribution of vaccines with those of ordinary medicines, a milestone for which it received international accolades and also contributed to a dramatic increase in immunisation coverage in Uganda. That, and other achievements, were highlighted by the NMS General Manager/CEO, Moses Kamabare, as he addressed the attendees. He also touched on the various challenges the corporation is facing, stressing on the need for those responsible at health facilities to deliver their procurement plans in a timely manner in order for NMS to quickly process their orders.
Also majorly featured was an update on the ongoing construction of the new NMS Warehouse and Office complex in Kajjansi, slated for completion by mid-2019. “It shall be one of the biggest warehouses of its kind in the world,” Kamabare noted. Its pallet capacity of over 30000 shall surpass NMS’ present storage at least four-fold.
Archbishop Ntagali lauded NMS for its efforts to cater for the health of Ugandans. And he also agreed with Kamabare on the need for Ugandans to take greater responsibility with regard to their health. “God is the healer, but before we need medicine, we need to take care of our bodies. We can prevent disease where possible, so go for regular health checks, because prevention is better than cure.”
He also decried the theft of medicines and essential supplies from government health facilities, and the regular occurrence of having to bribe medical workers to receive treatment in the first place. “It is our collective responsibility to fight corruption and stop this theft,” Ntagali added.
The religious leaders were also given a guided tour of the NMS stores and cold-rooms, as they got further insight into the corporation’s operations.
TECNO CAMON 11 and CAMON 11 PRO launched at special Christmas Price
By Staff Writer
Christmas is around the corner and so are all the juicy deals from top brands in Uganda. Today, TECNO Mobile Uganda has launched two new smart smartphones called the CAMON 11 and CAMON 11 PRO at a special Christmas price. The new phones have been described as the drivers for the future of selfies by some thanks to the ability to take bright and clear selfies with high quality powered by the new AI Technology.
The CAMON 11 duo exploits improved AI technology for selfie photography among many more AI- powered operational features like AI Bokeh effect, AI HDR, and AI automatic scene detection. Together with the super Notch Screen of 6.2inches and upgraded multi-tasking software, CAMON 11 and CAMON 11 PRO offers consumers a better user experience.
Artificial intelligence (AI) algorithms in-built in the CAMON 11 and CAMON 11 PRO is capable of doing a lot more than what previously seemed to be impossible by smartphones.
The revolutionary AI technology embedded in the CAMON 11 PRO and CAMON 11’s camera elevates the smartphone selfie experience.
For the Selfie-lovers, the high-end 24 or 16-megapixel front camera gives a whole new dimension of selfie experience. AI-technology smartly allows customers to create high-quality self-portraits with natural skin colour by optimizing the image, thereby achieving brighter colours and sharp contours.
The new CAMON 11 and CAMON 11 PRO does not pride only in the new AI technology but also showcases its ability to give customers an impeccable experience right from the slick beautiful diamond fire design to the space and many more fantastic specs.
The new phones comes sealed fully accessorized with new headsets, charger, tempered glass, (screen guard) and pin.
CAMON 11 and CAMON 11 PRO have been favourably priced to not only enable customers access it but it’s also time for giving and celebration, therefore the price is to give customers a reason to celebrate their festivities in style with a new super smart gadget. The new phones will be at a Recommended Retail Price of CAMON 11 UGX 578,000 and CAMON 11 PRO UGX 899,000.
The new CAMON 11 and Camon 11 PRO will be available country wide in all TECNO exclusive shops starting today 10th December 2018.
Below are the some of the spectacular features of to look out for;
AI Technology Captures More Beauty of You
New AI technology advances include more accurate facial recognition capability. CAMON 11 and CAMON 11 PRO cameras are able to improve self-portraits with the help of AI Beauty by recognizing up to 240points on the face of the subject, delivering better beautification effects no matter the gender or age, and enabling self-learning capabilities based on user preferences, plus other added fun features. It also supports Face Unlock option and is equipped with its own powerful AI adjustable front LED flashlights, which allows to get beautiful and realistic photos with a certain flash level customized for you.
Taking selfies has never been better, thanks to the advanced 16 MP front camera for the CAMON 11 and 24 MP for the CAMON 11 PRO. These front cameras have the widest dynamic range due to the AI feature in HDR mode, guaranteeing perfect shots in any light. In low light conditions, the camera takes several pictures at once, combining them into one clear shot, which guarantees accurate detail processing and eliminates the problem of image blur. AI is also able to automatically recognize scenes and adapt to shooting conditions, as well as select the optimal parameters for a wide variety of shooting modes from sports to portrait.
The dual camera is designed for impressive shots to gain popularity in social networks. Night shooting mode is also based on AI-technology and provides high detail photos, even in conditions of limited lighting.
The storage- 6GBRAM + 64GB ROM
Set the pace with the new CAMON 11 PRO, powered by a ground-breaking 6GB RAM and 2.0 GHz Octa-Core processor, taking your “speed” to the next level. Feel free to watch your favourite videos, download content, play games, and with the help of machine learning technology, CAMON 11 and CAMON 11 PRO are able to accelerate the game and put the phone into anti-disturb mode for users, which will bring a more immersive gaming experience.
More Fun with Animoji
Animoji combines human expressions with 3D virtual expressions through Augmented Reality (AR) technologies and creates dynamic cartoon images in keyboard, which is embedded in the typewriting and allows for usage in all major instant messengers and social networks – Facebook Messenger, Twitter, Google+, Hangouts, WhatsApp, Telegram, Skype, etc. Animated emoji reads facial movements and recreates them, making chatting with friends so much more fun!
Advanced HiOS Software – Favorite Apps at Your Fingertips
The HiOS software is intelligent enough to recognize your favourite apps and have them open in just 0.3s through your different fingerprints. One can set up “Google + Facebook + YouTube” to open using your forefinger print or access “Instagram + Google Map + Snapchat“via your mid-finger print, all at your personalized convenience.
Call Recording by Fingerprint
Conversations embody our relationships, fuel career growth, offer evidence for justice, and more. From helping us keep alive the memory of loved ones, to keeping records of legal discussions, conducting interviews or even making customer service calls, the CAMON 11 or CAMON 11 PRO makes recording calls a breeze. By just a simple tap of the fingerprint scanner, the call will be recorded immediately.
Follow @TECNOMobileUganda on Facebook for more information.
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