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SACCOS ADOPT A NEW ENVIRONMENTALLY SAVVY LOAN PRODUCT – SUPA SIGIRI

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By Staff Writer

Over 100 Savings and Credit Cooperative Organisations (SACCOs) within Kampala and Wakiso Districts have adopted a new loan product dubbed Supa Sigiri, which is an environmentally savvy improved cook stove that uses less charcoal, emits less smoke and cooks faster than ordinary sigiri’s.

The Supa Sigiri cook stoves which are an initiative of the Government of Uganda through the Uganda Clean Cooking Supply Chain Expansion Project were showcased to SACCO members during an exclusive Luncheon held at Hotel Africana on 30th August 2019.

Speaking during the SACCO Luncheon, Robert Semakula Distribution Consultant for Dreamline Consortium in charge of Supa Sigiri’s awareness campaign explained that beyond just collecting savings, SACCOs need to be of better use to their members by sharing tips that help members grow financially.

He said, ‘Using Supa Sigiri improved cook stoves is an example of how SACCO members can save and develop financially because the cook stove uses less charcoal than ordinary sigiris meaning that SACCO members will be able to save 50% in home charcoal expenses. Members of SACCOs can pay for the Supa Sigiri cook stoves in instalments using loans provided by their SACCO.’

Along with introducing the Supa Sigiri cook stoves at the Luncheon, attendees attained financial tips from renowned financial expert Sam Sejjaaka – Professor; MAT Abacus Business School.

He advised SACCO leaders to offer members loans based on their character rather than their security. He also called on SACCOs to offer finance literacy courses to their members that would help keep them financially secure even during retirement.

Semakula concluded the Luncheon by thanking members for attending, he explained that although the cookstove can be obtained on an individual basis with cash, people are encouraged to buy the cookstove through their SACCOS such that members are able to leverage on their membership to obtain the cook stove on credit. As well, SACCOs would benefit through interest on the loans to members as per their internal rules.

Present SACCO also signed commitment forms with the Supa Sigiri team thereby inviting them to come showcase and share in detail the benefits of using Supa Sigiris at their respective workplaces.

The Supa Sigiri cookstove comes in 7 brand options namely Ugastove, Potential Energy, Envirofit, Ecozoom, Jikokoa, Bold and the Biolite, with prices ranging from 17,000 Ushs to 200,000 Ushs only.

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Local Business

Nofeka, a new online retailer platform launched

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By Our Reporter

Nofeka, a new Ugandan online retailer platform has been launched. The new platform comes at a time when there is limited movement of people and access to food markets and produce stores due to the on going COVID-19 pandemic.

Kiyega Daniel the retailer’s founder and CEO says its thus the right time to launch an online retailer platform that also does deliveries so as to ease life for Ugandans mostly those affected by movement restrictions.

With an offering of a wide range of products ranging from groceries, clothing to electronics, furniture and toiletries among others, the retailer’s founder Kiyega says they are targeting to have at least 10,000 orders a month with in one year.

This, according to the firm’s projections, will grow to 1 million orders a month 5 years down the road as they step out of Uganda into East Africa and Africa at large.

Download the Nofeka app on Google Play or Apple store or visit their website  to get started.

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Local Business

Fin tech app, Cash Chat to reward users with mobile phones

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Asher Namanya, the founder and developer of Cash Chat App

Asher Namanya, the founder and developer of Cash Chat App

By Our Reporter

Financial technology app, Cash chat that has been giving opportunities to those looking at sustainable self employment through signing up on it and signing up other users for a commission has expanded its offering.

With over 100000 users across East Africa, the app has new features and customers can now do a number of other things like chat, make calls for free on the app, send money abroad and win great prizes!

In partnership with Pixan Uganda, all new customers who sign up to cash chat now by downloading the app, becoming members and take a picture of themselves and their phone showing the app will win brand new Pixan M9 phones, power banks and other accessories.

Cash chat now also gives members a chance to make additional money through bringing adverts onto the platform for a commission and saving on the app where they can earn good interest on the cash chat savings product.

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CoronaVirus Uganda

Great Lakes Energy Company donates 5 Brand New Cars to COVID-19 Taskforce

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Great Lakes Energy Company has donated five brand new Nissan Double Cabin Pick-ups to the Covid-19 national taskforce.

By Our Reporter

Great Lakes Energy Company (GLE) has handed over five brand new Nissan Double Cabin Pick-ups worth 134,300 US Dollars (approximately UG Shillings 507.6m) to Hon. Mary Okurut, the Minister In Charge of General Duties and the head of the Government Covid-19 taskforce.

The five cars will help transport medical workers and distribute food across Uganda as the country continues to curb the COVID-19 pandemic.

GLE has always contributed to the communities that they operate in across Africa by supporting sustainable development projects, mainly in Health, Education and Conservation.

Commenting on the donation, GLE Director Michael Kearns said: “Given the gravity of the ongoing pandemic, we felt it prudent to respond to the President of Uganda’s appeal for additional logistical support to boost the Ministry of Health’s fleet. We are honored to contribute to the alleviation of the COVID-19 pandemic in Uganda by donating these 5-brand new pick-up trucks that will be used to transport food and medical workers to the areas they are needed the most”, he noted.

Speaking on behalf of the COVID-19 taskforce, Hon. Mary Okurut thanked GLE for the donation that will go a long way in providing additional support to the taskforce as it implements the different interventions to curb the spread of the virus.

Guided by two main pillars of strengthening healthcare infrastructure and providing assistance to the most vulnerable communities, GLE allocates funds, separate to the operational business expenditure, to support chosen philanthropic and Corporate Social investment endeavors. Last year, the company worked with local partners to fund a health outreach activity in Rushere district as well as a youth sports tournament to teach Uganda youth about teamwork and leadership.

This donation is part of Janus Continental Group’s Africa-wide COVID-19 response and shows the huge potential of public and private sector partnership, bolstering the efforts of civil society and healthcare institutions. Standing together with governments and societies, JCG is guided by the WHO call for whole-of-government and whole-of-society approach in responding to the COVID-19 pandemic.

In January 2019, GLE completed the $25 million Uganda-based Kabulasoke solar power plant developed in conjunction with the Uganda Electricity Transmission Company Ltd. The 24MW solar power plant, which is already connected to the national grid, serves over five million people in rural Uganda.

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Local Business

NBS TV staff on Cloud 9 following Pres. Museveni tweet endorsement

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By Reporter

Staff at NBS TV are on cloud 9 after President Yoweri Kaguta Museveni shared a screengrab of the station.

In a tweet on Thursday, Museveni shared a photo of a television screen showing NBS TV, which was streaming the budget speech live from Parliament.

The photo’s caption read: “This afternoon at State House Entebbe, through a technology platform, I participated in the presentation of the national budget to Parliament.”

Due to the COVID-19 pandemic, the budget ceremony was carried out in a scientific manner, with President Museveni addressing Parliament and the world from State House.

For the Kin Kariisa-owned station that’s made a visible-for-all effort to be on top of the news at all times, advanced technology has been at the forefront, enabling them to be an authority on major happenings, especially with their coverage of the COVID-19 pandemic. They have also been able to position themselves as the kings of live coverage.

Recently, Ministry of Health officials were seen watching NBS TV’s sister station, Salam TV. These surely are major wins for the Kamwokya based Media House.

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