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NC Bank partners with JCB to make it easier to acquire construction equipment

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NC Bank Managing Director, Sam Ntulume addresses media.

NC Bank Managing Director, Sam Ntulume addresses media.

By Our Reporter

NC Bank has partnered with Ganatra Plant & Equipment Limited (GPE), the sole authorised distributors for the JCB brand in Uganda and Kenya, to make it easier for individuals and SMEs to acquire construction equipment.

The partnership which was officially signed on Tuesday at the JCB showroom located along Kampala road will see JCB customers receive financing for equipment with a 5 percent subsidy on the customer’s contribution per equipment. The total subsidy is to be used as a deposit enhancement for the minimum contribution or in addition to the customer’s contribution.

While addressing media, NC Bank Managing Director, Sam Ntulume said that this partnership will go a long way in supporting businesses to acquire the equipment needed which will play a big part in helping them grow and expand their business.

“We believe this scheme will benefit all players in the construction industry; both individuals and Small and Medium Enterprises (SMEs), who want to grow their businesses and acquire new assets, but face strained cash flows. Through this partnership, they will now have an opportunity to purchase equipment to expand their business when they have less deposit amounts”, Ntulume said.

“Every loan will be considered on a case by case basis. We will consider your cash flows and structure the facility in a manner to fit with in it. Therefore the payment could be monthly, quarterly or annually depending on your cash flow.” He added.

JCB General Manager, Ms Ashiana Jivraj expressed excitement about the partnership and noted that this will enable SMEs and local contractors to acquire quality construction equipment even when they are unable to raise the required deposit.

“The partnership between NC Bank and JCB through GPE will offer a fixed total subsidy per unit on a deal by deal basis to customers who qualify under the bank’s credit approval,” she noted.

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Local Business

Jubilee Insurance unveils club for mothers

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Mr Deepak Pandey, the CEO Jubilee Insurance addresses guests during the Jubilee Mum’s Club launch held at the Kampala Serena hotel on Tuesday.

Mr Deepak Pandey, the CEO Jubilee Insurance addresses guests during the Jubilee Mum’s Club launch held at the Kampala Serena hotel on Tuesday.

By Our Reporter

Jubilee Insurance has unveiled a platform where all mothers; aspiring, new and active can freely share about their maternal moments at all extremes of the motherhood journey, from the hurdles to the treasures.

Dubbed the “Jubilee Mum’s Club”, it is expected to bridge the information gap by providing expert information for expectant mothers as it opens up the floor for mothers to engage with doctors, midwives, gynecologists, pediatricians, fitness experts, and various specialists on all topics concerning pregnancy and puerperium, care of the family, parenthood, and the mother’s general health and care, through articles, social media platforms and monthly gatherings for the mothers.

During the launch, the Jubilee Insurance CEO. Mr Deepak Pandey addressed the mothers, doctors and various specialists saying, “Motherhood is a beautiful journey that all women are privileged to walk. And so, to emphasize how precious this journey is, Jubilee Insurance is making sure mothers lack for nothing as they prepare for their little ones. There is no need to take this journey alone, we will hold your hand to the finish line with an extra set of hands.”

“The Jubilee Mum’s Club is part is driven by what’s at the core of our hearts as Jubilee Insurance; Customer satisfaction and well-being to combat maternal mortality and morbidity. For mothers under Jubilee, a 360-care package covering Ultrasound scans, pregnancy tests, blood tests, baby monitoring kits, doctor/midwife consultations and follow-up, training sessions, and a variety of vendors with the best mother-child care products await.” Mr Deepak Pandey added.

Jubilee is partnering with Surgipharm Uganda Ltd, Indulge Maternity Spa and Gym, Lato Milk, Mukwano Industries Uganda, Madrasa Early Childhood Development and Mickey kids collection to provide quality services to the mothers in the club.

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MultiChoice Uganda premieres two short films

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By Staff Writer

Multi choice Uganda last week on Friday premiered two short films.  The two films, “Promise” and “Ensulo” were premiered at the multi choice head offices in Kololo. Each of the one hour films were created in Kenya and will be showing on DSTV, Pearl Magic channel 161.

According to Joan Semanda, PR and communications MultiChoice said the premier of the two short films were in line with both DSTV and GO TV showing support for the Uganda film industry. “WE also encourage young students with passion in film making as either film directors or actors to pursue career as we are here to support them.”

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Local Business

Ugandan cosmetic line, Minama launches new skin care product

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By Our Reporter

Ugandan beauty and cosmetics brand, Minama has released a new skin care product on the market.

The brand’s C.E.O Afsana Pey S.K has announced the release of its Minama skin oil, which goes on the market today, in Uganda and across the continent.

“Minama skin glow oil has really helped many of our clients and myself, particularly for ailments like Acne, blemishes, black spots, scars etc. It also clears your skin and leaves it glowing with that beautiful shine,” she explains.

When asked what was her motivation for setting up the skin care line, Afsana explains that she suffered with skin issues for a long time, and being as there weren’t many solutions available on the market, she decided to start up her own skin care line, whose many other products include lotions, soaps, creams and other cosmetics.

“I know first-hand how bad skin can affect you, especially your confidence, so I started the line to help others and myself. We have more products launching in December, and we can’t wait for all our clients, old and new to get their hands on this skin oil,” she concludes.



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