fbpx
Connect with us

Leader board

Local Business

MTN Uganda appoints Andrew Bugembe as Chief Finance Officer

Published

on

Acheive your dreams with Stanbic Bank. Visit thier website todayMore here.

Mr. Andrew Bugembe, The New MTN Uganda Chief Finance OfficerBy Our Reporter

MTN Uganda appointed Andrew Bugembe as the company’s new Chief Financial Officer. Mr. Bugembe started work on April 1, replacing Mike Blackburn who retired early this year having served as the Telecom’s CFO since 2011. In his position, Mr Bugembe is part of the dynamic leadership team of MTN Uganda that boasts of 16 members, four of whom are women.

After being away from Uganda for almost 10 years, Mr Bugembe is happy to join a great, experienced and strong management team back home at MTN Uganda. He looks forward to leading the Finance division and contributing to MTN Uganda’s future success as the country embarks on this thrilling Digital journey that the telecom is committed to deliver.

Mr. Bugembe brings to his position, more than 21 Years of Telecom experience from various countries, working at MTN in different capacities, holding executive and senior management roles in finance departments, including holding the CFO position at MTN Liberia and MTN Congo Brazzaville.

Mr. Bugembe’s robust career at MTN has seen him serve in five different countries. Some of the key highlights of his career at MTN include concluding a $300m syndicated medium term facility, in a Project Finance deal that won an award for the best telecoms deal in Europe Middle East and Africa (EMEA) in 2012.

Although he takes over office at a difficult time when many company revenues are getting slashed by the global Covid19 pandemic, the seasoned accountant is no stranger to operating amidst disasters like this one.

He spent a lot of time resizing the cost structures for a couple of MTN OPCOs to align with changing macro-economic trends especially during the Ebola crisis in West Africa and the drop in oil prices while in Central Africa.

As CFO of the country’s highest tax payer, Mr Bugembe’s key roles will be to
drive the company profitability mandate, to ensure effective and efficient Capital allocation, and to support Service revenue growth through data analytics with focus on non-voice revenues. He will also support key transformation initiatives, build internal capacity, support digitization with focus on FinTech in addition to continuous cost optimization and improving working capital management among others.

According to Mr Bugembe, there’s still opportunity for telecoms in Uganda, given that the mobile penetration is barely over 51%. The data penetration is still low driven mainly by lower smart phone penetration, customer education and relevant digital content. This will be key for future growth of telecom in Uganda. He also notes that Uganda’s youthful market coupled with the many SMEs, steady GDP growth and low inflation is a great opportunity for any business.

With the telecom trends indicating the customers’ needs are changing towards data, Fintech (Mobile Money) and digital, Mr Bugembe believe these will drive the future of telecoms especially in Uganda with emphasis on financial inclusion as the country moves towards a cashless economy.

In addition to the 21 years of telecom experience, Mr Bugembe is a chartered accountant (FCCA-UK) with a Masters degree from University of Wollongong in Australia and he hold a Bachelors of Commerce Degree from India.

Mr Bugembe describes himself as a passionate, curious and adaptive person, having lived, studied and worked in seven countries. He enjoys travelling to different countries to explore various cultures and have time to himself and his family away from work. He is married with two amazing sons aged 11 and 8 years.

Outside work, he will be found reading books or a couple of journals. He is a huge fan of the Mercedes-Benz team in Formula 1 and a loyal Arsenal supporter.

Loading...
(Visited 1 time, 1 visit today)

Local Business

MTN MoMo Nyabo promo is back, Ugx 1.2 billion in cash prizes up for grabs

Published

on

Acheive your dreams with Stanbic Bank. Visit thier website todayMore here.

Somdev Sen, MTN Uganda Chief Marketing Officer unveiling the new promo.

By Our Reporter

MTN Uganda has launched the 3rd edition of the highly rewarding MoMoNyabo promotion. Under the theme “MoMoNyabo Together”, this year’s promotion is designed to help MTN customers with the much-needed support following the negative effects of the covid19 pandemic on the wellbeing of many Ugandans.

Unlike previous editions which were characterized by fanfare around the country and giving away of cars, motorbikes and other prizes, this year MTN is focusing the promotion on supporting customers meet their most urgent needs such as domestic welfare, rebuilding small businesses or meeting outstanding obligations among others.

“Life has not been the same for many. Times are tough, and every Ugandan is trying to find a way to rebuild following effects of covid. It’s in this spirit that MTN is stepping in to be part of several efforts aimed at supporting Ugandans to rebuild”, said Somdev Sen, MTN Uganda Chief Marketing Officer.

“MoMoNyabo Together is one of several ways that MTN Uganda is standing with Ugandans in the midst of today’s disruptions,” he further commented.

The MoMoNyabo Together promotion will reward customers that have embraced MoMo, and use it to pay for airtime, bundles, utilities like Yaka, NWSC, TV subscription plus shopping, school fees among several other services, everywhere they go.

MTN has earmarked over UGX 1.2billion in mobile money prizes to be given away to lucky customers and MTN MoMo Agents and/or merchants. The winners will be chosen in draws to be broadcast on NBS and Bukedde TV every day, starting at 8:20pm.

Every week day, two customers that have used MTN MoMo to pay for airtime, bundles or another service, will randomly be chosen and each will win a guaranteed UGX 1m/- with a chance to triple that amount and also win an additional UGX 2m/- for friends and loved ones through an exciting game show. This brings the total amount available for each winner and their beneficiaries to UGX 5m/-.

All this will be broadcast on TV.

To win money for their friends and loved ones, customers’ will be given a chance to participate in a quiz in which they will be asked 5 general knowledge questions each with a multiple choice of answers, for the winners to select the correct one. Each question is worth UGX 800,000 which will be equally split between the winner and their preferred beneficiary. The winner has the option to choose one beneficiary for all the answers they get right or nominate several beneficiaries for each question answered correctly.

Nominated beneficiaries can be individuals, families, organizations/causes who should be active MTN customers.

“MTN MoMo not only saves our customers the inconveniences of having to leave their comfort to get airtime, bundles or other services, it also gives them the chance to win much needed money though this promotion”, Somdev concluded.

Customers don’t have to deposit all their money on the phone but just keep some on MTN MoMo to use it when they need it the most. For example, if you have 5,000/-, you can deposit 2,000/- on your MTN MoMo account and use it to pay for airtime, bundles or other services and enter the MoMoNyabo Together promotion for a chance to win money.

Loading...
(Visited 1 time, 1 visit today)
Continue Reading

Local Business

ISBAT University, Airtel Uganda partner to provide free access to university’s Hybrid Virtual Learning Platform

Published

on

Acheive your dreams with Stanbic Bank. Visit thier website todayMore here.

ISBAT University has announced a new partnership with Airtel Uganda aimed at providing students with free access to the University’s Hybrid Blended Learning platform.

By Our Reporter

ISBAT University has announced a new partnership with Airtel Uganda aimed at providing students with free access to the University’s Hybrid Blended Learning platform using the Airtel internet platform.

The partnership that is in line with the Uganda government’s efforts to ensure safety for everyone as well as education and business continuity from home will see Airtel provide free access to student numbers provided by the university and will be available to all active students of the current semester (Spring 2020).

Commenting about this partnership during the launch, ISBAT University Vice Chancellor Dr. K.M. Mathew noted that World over Universities adopted such learning and assessment practices for the affected semester(s) in order to save the semester and progress academically.

“ISBAT University’s interactive live virtual classes attracted a vast majority of students with lots of encouragement from the University community. The University’s aim is to ensure that our students are not at disadvantage due to the prolonged closure of the University in the lockdown period and we sincerely hope to save the semester in a timely manner,” he noted.

Airtel Uganda Managing Director Mr. V.G. Somasekhar congratulated ISBAT University upon this essential innovation and encouraged the students to utilize this opportunity to further their education.

Since the lockdown of all Education facilities in March 2020, Airtel Uganda has put in place a number of interventions to ensure Ugandans continue to access their education materials. The telecommunications company recently partnered with Avaya Holdings Corp. (NYSE: AVYA), as well as a number of online education providers to implement remote learning initiatives.

The collaboration between Airtel and ISBAT is going to be a paradigm shift in the higher education sector of Uganda, especially during this unprecedented pandemic situation.

Students will greatly benefit by this unique arrangement, as they will be able to continue with the academic progress in an uninterrupted manner with more enthusiasm and high academic spirit, without spending anything for expensive internet data.

Loading...
(Visited 1 time, 1 visit today)
Continue Reading

Local Business

The Innovation Village opens new centre in Mbarara

Published

on

Acheive your dreams with Stanbic Bank. Visit thier website todayMore here.

By Our Reporter 

The Innovation Village has launched its new location in Mbarara City. This is their 3rd new location since the beginning of the year 2020.

According to CK Japheth, the Team Lead at The Innovation Village, “The Innovation Village is a promise to entrepreneurs. Our motivation is the potential that Ugandans have to contribute solutions to the problems challenging their country.”

“In Mbarara, we have set up a community where women and young entrepreneurs can come to network, connect and meet each other, and our mandate is to ensure that entrepreneurs realize their potential, work through their ideas until they scale into sustainable businesses.” Japheth added.

This launch comes at a time after Mbarara was recently awarded its city status. The district has earned its popularity as the land of milk and honey. This move will facilitate uniform and harmonized growth and development.

Mbarara town is a gateway to western parts of Uganda and Great Lakes region countries of Rwanda, Burundi, DR Congo. Its population is about 480,000 people, and is second to Kampala in importance, industry, and infrastructure. Mbarara is also the home of one of Uganda’s biggest universities majoring in science and technology.

The Innovation Village seeks to partner with entrepreneurs that are not just technology enabled, but contribute to different sectors like farming, arts and crafts, agriculture to name but a few.

“Entrepreneurs do not know how to create sustainable businesses around what they do. The Innovation Village will help them sieve through their dreams until they settle for a good idea, that can grow and scale into other regions in the country.” He concluded.

The Innovation Village has other locations catering to the needs of entrepreneurs in Gulu, Jinja and Kampala.

Loading...
(Visited 1 time, 1 visit today)
Continue Reading

Local Business

Oner Fruit Juice introduces new flavour

Published

on

Acheive your dreams with Stanbic Bank. Visit thier website todayMore here.

Oner Juice

By Our Reporter 

Hariss International, the manufacturers of RIHAM products, have announced a new Oner Fruit Juice flavour. The juice now comes in a  Grapes and Berries flavour,giving consumers another option to choose from.

Oner Grapes & Berries is an addition to the already existing flavours of the Oner family – Oner Apple and Oner Mango which were launched into the market in 2014, and have since grown into successful brands.

“We have introduced a new Oner Juice blend of Grapes and berries to grow and diversify the brand’s family while also fulfilling the consumers’ desire for fruit Juice.” Hariss International said in a press statement.

Due to the multiple health benefits associated with the product, market surveys indicate that Oner Grapes and Berries fruit juice is likely to gain wide acceptance among the masses.

The new oner Grapes and berries recipe will also be trading under the renown slogan “Freshness you can taste” a symbol of the brand’s ability to bring freshness and a sweet – natural taste of Grapes & Berries.

The 500ml Fruit Juice is now available in all retail outlets, supermarkets, and restaurants countrywide at a recommended retail price of UGX 2,000.

Loading...
(Visited 1 time, 1 visit today)
Continue Reading
Loading...

Facebook

Follow me on Twitter

WHAT YOU MISSED

%d bloggers like this: