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UBL registers a 12% growth in revenue

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UBL Managing Director Mark Ocitti

UBL Managing Director Mark Ocitti

By Our Reporter

Uganda Breweries Limited has posted growth in revenue by 12% closing the first six months of the fiscal year according to the latest figures released this week.

According to UBL Managing Director Mark Ocitti this by all standards is by far a good performance which he attributes to consistent supply of high-quality products to the markets and continuous professionalism executed by the entire UBL team.

“The visibility of our brands across Uganda has greatly improved through our successful advertising and exciting consumer engagement. Our engagement with various local and international artists to produce various music platforms like Bell Jamz have continued to provide the market with exciting entertainment while offering our consumers opportunities to sample our grate brands.” Ocitti said.

He added that that innovation by the company also witnessed the tremendous performance citing brands like Captain Morgan, Black and White Scotch whiskey plus Uganda Waragi Pineapple and Coconut flavors. Growth was also registered from the premium and mainstream beer brands like Guinness, Tusker family, Bell and Pilsner.

Meanwhile the brewery has embarked on a five-year production capacity expansion project that will see beer capacity grow by 47%. This project kicked off in January with an overhaul of beer packaging line that will improve interim packaging efficiency by 20%.

The expansion will cost approximately UGX 135Billion and will entail purchase of new state of the art equipment and some infrastructure changes.

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NEW Mobile Money Campaign: ‘Keep some MTN MoMo on your phones. It saves.’

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  • In these times, it saves to keep some MTN MoMo to pay for products and services like airtime, voice and data bundles, Yaka, National Water, shopping and much more.
  • MTN customers are encouraged to keep some money on their phones from as low as UGX 500/- with MTN MoMo.
  • It saves and its safer to have some money on MTN MoMo for emergencies, especially in these times of the pandemic and curfew.
  • MTN MoMo is safe, affordable, convenient, and can save you when you need it the most.

MTN Uganda has today launched a campaign aimed at sensitizing customers on why it’s important to keep some mobile money with MTN MoMo and the associated benefits like the convenience of paying for products and services like airtime, voice and date bundles, Yaka electricity units, national water, school fees, shopping and much more.

In the campaign that will run under the theme, “Keep some Money on MTN MoMo, It saves”, MTN is encouraging customers to keep some money with MTN MoMo on their phones, because it is convenient, safe and could come to their rescue in emergency situations during these times of covid19 and the curfews that they live under as a result.

Most Ugandans already know MTN MoMo and how it works. Many more are already using it for sending and receiving money. However, some continue to use cash for many of their daily needs. Although it is inconveniencing, some customers would rather walk to the shop to buy airtime, bundles or MBs, and even to pay for their utility bills, yet they can conveniently use MTN MoMo from wherever they are. In the end however, customers wish they had mobile money on the phones more so in emergency situations.

“This new campaign is about encouraging our customers to keep some MTN MoMo on their phones, because it saves,” said Stephen Mutana, the General Manager, Mobile Financial Services at MTN Uganda.

“You don’t have to deposit all your money, keep some on MTN MoMo to use it when you need it most. For example, if you have 5,000/-, you can deposit 2,000/- on your MTN MoMo account. This 2,000/- will come in handy when you need to buy airtime or data bundles at night when the shop is closed or if your power goes off at night and you need to buy Yaka units”, Mr. Mutana advised.

MTN MoMo can do everything and even more than physical cash. With MTN MoMo, customers can buy airtime, voice and data bundles, and can also conveniently pay for shopping at the supermarket, pay for fuel, and much more conveniently using their phone, anytime, anywhere. Even for school fees, MTN MoMo customers no longer need to queue at the bank for hours. Customers can deposit as low as 500/- on their MTN MoMo account and dial *165# or use the MyMTN app for safe, reliable and convenient transactions.

Relatedly, Stephen also cautioned MTN MoMo customers against sharing their PINs. “Keep your MTN MoMo PIN safe. Don’t share it with anyone. Nobody can access money on your phone unless you give them your PIN number which only you should know”, he concluded.

MTN MoMo is safe, reliable and convenient.

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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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