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Over 400 women entrepreneurs to benefit from dfcu Bank’s financial literacy trainings

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Victoria Byenkya - Manager dfcu Women in Business

Victoria Byenkya, the manager dfcu Women in Business addressing guests that turned up for dfcu bank financial literacy training session held at Biraj Hotel.

As part of the celebrations to mark the women’s month of March, dfcu Bank is organising a series of financial literacy sessions across the country to inspire and empower women to tackle the challenges they face in the business environment.

Major Lazer in Kampala, ticket details here

Over 400 women in trade and agribusiness are set to benefit from these sessions to be held in Kampala, Mbale, Gulu and Mbarara.

In pushing for progress among women entrepreneurs, dfcu Bank established the Women in Business program (dfcu WiB) in 2007 to support Ugandan women entrepreneurs achieve their full potential. The program was motivated by a number of factors including the fact that despite women being over 50% of the population of Uganda, this was not proportionate to the ratio of women who are banked.

Victoria Byenkya, Manager WiB says: “We have seen a significant uptake of the program with over 30,000 members currently registered – testament to the hunger and desire for growth. In order to address the knowledge & skills gap we run capacity-building sessions throughout the year and currently have over 20,000 women that have benefited from this.”

Some of the attendants that turned up for dfcu bank financial literacy training sessions at Biraj Hotel

Some of the attendants that turned up for dfcu bank financial literacy training session held at Biraj Hotel.

Speaking during the first session at the Biraj Hotel in Nakasero down town Kampala, dfcu Bank’s Head of Consumer Banking, Denis Kibukamusoke said: “The gender imbalances in accessing credit continue to be of major concern to women. The majority of women tend to have low financial literacy levels and therefore have challenges documenting their business, articulating their plans and projections, which are key in assessing bank credit. Since inception of the Women in Business program over 4,000 women have benefited from the dfcu WiB loans but this number could be a lot better.”

“For dfcu Bank, helping women to overcome financial barriers while supporting them in their quest for growth is not just a business proposition; it is in fact an obligation,” he added.

In 2012, dfcu Bank established the Women Business Advisory Services to press for women’s economic empowerment while increasing their financial literacy as well as creating business linkages for them. Through these advisory services at the dfcu WiB Centre, regular customized workshops are undertaken in fields such as; financial advisory, business to business linkage advisory, marketing and branding, legal advisory and human resource advisory.

To make this possible, dfcu Bank collaborated with Makerere University Business School (MUBS), Uganda Law Society (ULS) and the Institute of Certified Public Accountants of Uganda (ICPAU) to offer business and financial advisory services to thousands of women, especially those engaged in productive economic activity at no cost.

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Local Business

Emirates offers Ugandan travelers attractive offers to Dubai

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Emirates

Major Lazer in Kampala, ticket details here

Emirates is offering Ugandan travelers the opportunity to visit Dubai, available at a very special offer for Economy and Business Class roundtrip, a free third piece of luggage of up to 23 kg and a month’s tourist visa included in the offer.

Under the special offer, an Economy Class ticket from Entebbe to Dubai costs $359 and Business Class $1,309. The special offer is for a limited time only and tickets must be booked between 13th September 2018 and 27th September 2018, while travel must take place between 13th September 2018 and 31st March 2019. The cost of the ticket includes airport taxes.

Emirates is also offering a 3rd piece of luggage of up to 23kg for Economy Class and up to 32kg for Business Class, with a one-month tourist visa included.

Dubai provides a great escape for visitors. Its year-round sunshine, world-class shopping and restaurants, stunning beaches and iconic buildings offers something for the whole family. Visitors to Dubai can enjoy some of the city’s must-see places like Global Village – multi-cultural festival park and shopping destination – as well as theme parks such as Wild Wadi Waterpark and IMG World of Adventures. The city also offers a wide range of accommodation to suit all budgets.

On all Emirates’ flights, customers can look forward to hours of entertainment on the award-winning inflight entertainment system, ice, which offers over 3,000 channels of on demand audio and visual entertainment, from the latest movies, music, audio books and games, as well as family friendly products and services for children, including complimentary toys, kids’ meals and movies, priority boarding for families and the use of free strollers at Dubai International Airport.

In addition to the on-board comforts and products, customers will experience the world famous hospitality from Emirates’ multinational cabin crew who come from 135 nationalities and speak over 60 languages, while enjoying chef prepared regional and international cuisine, using the freshest ingredients, accompanied by a wide range of complimentary wines and beverages.

Emirates flies daily from Entebbe to Dubai.

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Local Business

MTN floors Threeways Shipping Group to recover USD 4 million

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Major Lazer in Kampala, ticket details here

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.”

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Local Business

Airtel Uganda Continues Expansion Drive

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Airtel Uganda Legal Director Dennis Kakonge (L) joins staff and customers to open a new premium shop at Thobani building in Kampala

Airtel Uganda Legal Director Dennis Kakonge (L) joins staff and customers to open a new premium shop at Thobani building in Kampala.

Airtel Uganda has opened another premium shop in continuation of their efforts to provide excellent one-on-one customer care experiences to subscribers across the country.

Major Lazer in Kampala, ticket details here

The expansion drive which came on the heels of successful network expansion and countrywide broadband availability campaigns saw the telco open 18 new premium shops in Kampala, Tororo, Iganga, Kamuli, Soroti, Mbarara, Hoima and other major towns across Uganda during the months of July and August this year.

Located in Thobani building on Kampala Road, the new premium shop will offer Airtel’s latest range of offerings along with fast and convenient customer service in a welcoming and customer-friendly environment.

“We understand the importance of one-on-one customer service in a professional and yet friendly environment. This is the reason why Airtel has over the past few months focused its efforts on setting up physical locations across the country where our customers can be served by our professional staff,” commented Airtel Uganda Legal Director Mr. Dennis Kakonge.

“This premium shops will further strengthen our footprint in Uganda by supplementing on our already existing kiosks, mini shops, distributor locations and super agencies across Kampala,” he added.

All the new premium shops that have been opened are located in central and accessible locations with convenient opening hours and superior merchandise. They are a one-stop center for Airtel service solutions such as SIM card purchases and registrations, Airtel Money, e-recharge and data connectivity. The shops also have experienced staff in place for consultations on all Airtel’s offerings.

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