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Uganda’s top farmers rewarded

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dfcu Bank rewards Uganda’s top Farmers

By Our Reporter

For the 6th year running, dfcu Bank in partnership with Vision Group, KLM Airlines, Koudjis and the Netherlands Embassy has awarded Uganda’s best farmers country wide through an initiative dubbed ‘Harvest Money’. As part of the activities, farmers were called upon to participate in a competition aside from the farming training conducted throughout the year.

The initiative aims to highlight the contribution of agriculture to the development of the economy and also change the negative perception that most Ugandans hold towards agriculture as not being a good career option.

According to the United Nations, the world needs to produce around 75 per cent more food over the next 40 years just to keep in line with the global population growth, which is expected to top 9 billion by 2050. In fact, the East African region is home to more than 145 million people and growing. Uganda’s agriculture gross domestic production is estimated at more than USD 3 Billion.

At face value, growing populations and rising affluence across the African continent means there are enormous opportunities for agricultural produce.

During the panel discussion, different challenges were sighted that the agricultural sector currently struggles with, among which are; poor organisation and management of cooperatives and farmer groups, inadequate and or ineffective policies, poor quality inputs, uncontrolled and uncoordinated production, lack of expertise of financial institutions in managing agricultural loan portfolios, and lack of access to capital due to limitations of bank acceptable collateral.

In his speech dfcu Bank’s CEO, Mathias Katamba reiterated dfcu Bank’s commitment to supporting agricultural development in the country. Additionally, dfcu Bank with support from Rabobank, established a dedicated agribusiness unit in 2013, which is tasked with product development, deal structuring, new client acquisition, act as a knowledge centre for internal consultations and support internal staff training and capacity building. The agribusiness unit supports all agri customer segments with dedicated relationship managers for the corporate and commercial clients while the retail clients are served by agricultural loans officers that sit in the different branches.

“We have a strong heritage as a provider of affordable financing to viable private sector projects. For the last 55 years, dfcu has transformed several commercial agri- Business enterprises in Uganda and is associated with many success stories. Using our suite of flagship products like leasing, term loans and Trade Finance, we provide a mix of working capital, medium and long-term funds to match the business needs of large scale agricultural enterprises.” He said.

This year, the overall winner was Anthony Mateega of St. Anthony Agribusiness Enterprises from Mpigi District, the second overall winner was Charles Byarugaba a catechist from Kabale who produces potato seeds for sale beside his pastoral work. The third winner was Musasizi from Busembatia.

Vision Groups’ CEO. Robert Kabushenga commended the sponsors for supporting the competition. “In just six years, the reputation of farming which had been tinted has been transformed. For the last 40 years, people were told to study degrees and wait for white-collar jobs, but now they are into farming and making money,” Kabushega said.

He also said that because of the competition, people’s lives have changed and farmers are earning the respect they deserve in society.

The top three winners have been awarded cash of up to 150 Million and an all-paid trip courtesy of the partners together with the top 10 winners from the different regions.

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Companies

2019 Consumers Choice Award winners announced, top brands shine again

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By Reporter

To honour companies and individuals who go that extra distance for their customers and also make sure they get the recognition they so richly deserve. The Consumers Choice Awards (CCA) for 2019 were held last evening (29th November, 2019) at the Kampala Sheraton Hotel Conference Hall and here is the complete list of all winners.

Consumers Choice Award is the only organization in Uganda that recognizes business excellence by conducting statistically a comprehensive and objective independent market research survey, to determine brand reputation, customer satisfaction and business excellence for the quality of their service.

Each year, the Consumers Guide Magazine recognizes the best companies for their earnest efforts in business excellence and keeping the customer’s best interests in mind and the exciting selection process and the announcement of finalists culminates in the Consumers Choice Awards Dinner.

Below is the List of Consumers Choice Awards Winners 2019:

GOLD WINNERS:

Freight Forwarding & Logistics Handling Services Company -– Spedag Interfreight UG ltd

Distributors & Dealers of Tyres & Tubes – Tyre Express

Microfinance institution – FINCA

Real Estate Consultants – Begeine and Company

Private University – Cavendish University

Manufacturers of paints and varnishes – Sadolin

Providers of Security Solutions and services – KK Security Company

Private Health Care Service Provider – Paragon Hospital Kampala

Provider of Quality Optical & Eye Care Services – Dr Agawals Eye Hospital

Dealers in Furniture, Fitting & General Furnishing – Footsteps Furniture Co. Ltd

Cooking Gas Distributer – Imperial Gas

Bottled Water – Hill Water

Tile Manufacturers – Mirage Trading Company Ltd

Online Store – Ugakart

Dental Treatment and Solution Center – Cure o City

Cooking Oil – Fortune

Producer of Milks and Dairy Products – JESA Farm Diary Ltd

Washing Detergent Powder – NOMI White Washing Pwder

Energy Drinks – Sting

Women and Fertility Hospital – Bethany Women’s hospital

PLATNUM WINNERS:

Freight Forwarding & Logistics Handling Services Company- Ballore Transport and Logistics

Distributors & Dealers of Tyres & Tubes – City Tyres

Microfinance Institution – Pride Microfinance

Courier Services Company – DHL

Real Estate Consultants – Knight Frank

Private University – International University of East Africa

Kindergarten, Daycare, Nursery & Play School – Victorious Kindergarten Services

Manufacturers of Paints &Varnishes – PLASCON

Providers of Security Solutions & Services – SGA Security

Private Health Care Service Provider – Case Hospital

Provider of Cleaning services – A&M Execuive Cleaning Services

Provider of Garbage Collector Company – BIN IT Services Ltd

Provider of Quality Optical & Eye Care Services – Eye Care Center

Dealers in Furniture, Fitting & General Furnishing – DANUBE Home

Providers of Solar Energy, Equipment’s & Accessories – Solar Now

Cooking Gas Distributor – TOTAL Gas and Power

Dealers of Electrical Appliances, Accessories & Fittings – CHNT Kampala Electric mart

Bottled Water – Rwenzori Pure Natural Mineral Water

Tile Manufacturers – Kampala Tile Market

Snack Manufacturers & Brand – Gorillos

Online Store – JUMIA

Dental Treatment & Solution Center – PAN Dental Surgery

Poultry & Animal Feeds – Conversion Feeds Ltd

Cooking Oil – SUNSEED

Producer of Milk & Dairy Products – Fresh Diary

Washing Detergent Powder – Magic

Energy Drinks – Rock Boom

Women & Fertility Hospital – Women’s Hospital International and Fertility Center

Shopping Supermarket – Mega Standard Supermarket

Meat Processor Company – Fresh Cuts

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Local Business

Nile Special Stout now Rugby Sponsors

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By Reporter

With the Rugby Premier League kicking off today Friday 29 November with the first night game between the first and second clubs, we learned that the league has a new sponsor in the all new Nile Special Stout. 

At a press briefing Thursday at the Kyadondo Rugby Club, the new Stout from Nile Breweries unveiled a mouth-watering UGX670M sponsorship package.

Speaking at the launch of the league, the president Uganda Rugby Union Godwin Kayangwe saluted Nile Breweries as solid partners and investors in the development of the game in Uganda given their decade-long partnership.

“We wholeheartedly welcome Nile Special Stout as the title sponsor of the League and are privileged that rugby has been selected as the anchor sponsorship. This is testament to the growth of the game as an entertaining spectacle. And while we will always have a special place for Nile Special, we will embrace Nile Special Stout on this new journey as we’ve launched our new ambitious strategy to make rugby the leading sport in the country. Thank you Nile Breweries for truly living the line “Number one fan of Uganda Rugby” and we pledge to give Nile Special Stout a great landing as it’s launched to the rest of the country,” said Mr. Kayangwe.

The Nile Special Stout brand manager Francis Nyende affirmed that even though the sponsorship has changed hands to the new brand, Nile Special Stout, the commitment to partnering rugby is as high as it’s ever been.

“Rugby is much more than a game. It’s a lifestyle, a livelihood for some, an entertainment for many and a proud flag bearer of our country. As a bold, dark and satisfying liquid, we share certain intrinsic values with rugby players and fans and as the first and only stout crafted in Uganda, Nile Special Stout is proud to partner with such a great property that consistently flies our flag high and proud.” said Francis.

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Local Business

Exim Bank launches Prepaid Cards, available to individuals without a bank account

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Exim bank introduces Prepaid Cards.

By Our Reporter

Exim Bank has launched a new banking solution aimed at driving financial inclusion and bolstering the cashless economy. The new product, a Visa Prepaid Card, was unveiled on Friday during a launch ceremony held at their head offices along Hannington road in Kampala.

Addressing guests, Mr. Sabhapathy T. Krishnan, the CEO Exim Bank Uganda said, “the Visa Prepaid Card is a journey we have undertaken at Exim Bak today as we strive to bring convenience and digitize the Ugandan economy by making it cashless and enabling financial inclusion of the unbanked.”

He further revealed that the prepaid card is just one of the many steps they have undertaken in the last 12 months towards digitization of transactions and bringing convenience to their customers.

“We have expanded our branch network, launched agency banking and also introduced mobile and internet banking in the past one.This is in a bid to bring experiences available in other parts of the world to our customers.” Mr. Sabhapathy added.

Prepaid Cards combine the convenience of a credit or debit card, but allow you to set your spending limit according to your budget. The cards are available to everyone, regardless of credit rating, income, or whether or not you hold an EXIM Bank account.

The payment platform for the cards will be the Visa network and transactions will be authorized online, real time with no risk of unauthorized overdraft as customer can only make use of funds they have already paid for.

The card can be used to transact globally and supports transactions in upto five currencies including UGX and USD with the card ceiling being UGX 25 Million or USD 15,000.

Moses Watasa, the commissioner of information dissemination monitoring and inspection at the Ministry of ICT and National Guidance, who was also guest of honor commended Exim Bank on the innovation and noted that it will go a long way in encouraging financial discipline.

“We have 6.5 million internet users in Uganda today, and that figure is projected to grow by 50% by 2025. Therefore the launch of this innovation is very timely,” Moses Watasa noted, adding that, “this is a good innovation that will promote financial discipline and facilitate a saving culture with in the country. Saving encourages investment which in turn leads to growth of the economy.”

To register for the Prepaid Card, the customer is required to complete an Application Form and provide a valid National ID for Ugandan Citizens/Passport for foreigners as well as one passport size photo.

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