dfcu Limited releases consolidated interim Financial Results


 

dfcu Limited has released its 2017 consolidated interim financial results- showing a 69.4% growth in balance sheet from UGX 1.8 trillion in December 2016 to UGX 3.05 trillion as at June 30, 2017.
This financial position its subsidiary, dfcu Bank, among the top 3 banks in Uganda, and squarely sets the Group on the path to transforming dfcu from a niche bank to a Universal bank.
dfcu Bank's Managing Director, Juma Kisaame adddresses stakeholders during the release of dfcu Limited's release of its consolidated interim financial results as of June 30, 2017.JPG
The performance is largely attributed to the January 2017 acquisition of Crane Bank assets and assumption of liabilities by dfcu Bank that presented numerous opportunities in line with dfcu’s growth aspirations.
Highlights of our financial position as at June 30, 2017 include: 47.3% growth in total income from UGX 173 billion to UGX 255 billion. It is important to note that this includes a bargain purchase resulting from the fair valuation of the net assets acquired and the deferred obligation.A significant 62% increase in customer deposits to UGX 1.838 trillionA Profit Before Tax position of over UGX 151 billion in comparison to UGX 30 billion over the same period in 2016. A 55.5% growth in the loan book to UGX 1.31 trillion
This positive performance comes against the backdrop of the dfcu Limited Rights Issue whose terms and conditions will be published upon receipt of regulatory approvals.

Advertisements

JUMIA TRAVEL ANNOUNCES PARTNERSHIP WITH NYEGE NYEGE MUSIC FESTIVAL 2017.


 

Jumia Travel Uganda officially announced its partnership with the Nyege Nyege Music Festival which is in its 3rd edition; during an event that hosted the press to a meet and greet cocktail party held at the Jumia Offices on Plot 47 Lumumba Avenue Nakasero. The party aimed at appreciating members of the press for the continued support they have provided the travel company thus far.

Presser 1

“Strengthening our partnerships with key players such as the media is very important to us at Jumia Travel and we are very happy to finally put faces to the publishers, photographers and broadcasters that came,” said Timothy Mugume, Country Manager Jumia Travel Uganda.

Chief organiser Derek Debru informed the public what to expect at the festival this year. “With 4 stages and over 200 Artists, the Nyege Nyege Festival is anticipated to be the party of the year.” Other Partners including Talent Africa represented by CEO Ali Alibhai, NBS TV and Modern Coast were also present at the Jumia Travel event. The Nyege Nyege Festival is one of the most highly ranked festivals around the world. It brings together several artists from all over Africa as well as some from outside Africa as well. The official Nyege Nyege Music Anthem composed by Ugandan rapper Nemesis was also unveiled.

Presser 4

Other highlight artists from Uganda include Latinum, Jackie Akello, Apio Moro, Byg Ben Sekuya and Truth among others. Jumia Travel is offering a special package that includes a Ticket to the show, transport and a tent. To book for this package just head to the site travel.jumia.com.

Health Worker Wins Brand New Car in Mega Masappe Promo.


Ayiba Daniel was handed keys to a brand new Toyota Premio in the 7th draw of the Airtel Mega Masappe promotion.
“God is good. Who knew I would ever win a car in this promotion!” the 25-year old Tororo resident exclaimed, while receiving the keys from outgoing Airtel Uganda Managing Director Mr. Anwar Soussa, and amidst cheers from fellow winners – Damulira Herbert, Justin Sisubula, Maureen Nabisinde, Obbo David and Nakatude Shamim – who all rode away on brand new motor bikes.

Airtel Uganda Managing Director, Anwar Soussa, handing over the car keys to Ayiba Daniel, the 6th car winner of the Airtel Mega Masappe promotion.
Emmanuel Tumwesigye, a resident of Mityana, took home UGX 1,000,000 shillings cash.
Soussa congratulated the winners and commented about the importance of this campaign to Airtel Uganda and to the subscribers.
“As we informed you when we started this campaign, our aim was not only to reward our subscribers for their loyalty and dedication to our products and services, but also to change their lives for the better. I can attest today that Daniel’s life and occupation will not be the same – with a car, he can now be able to get to his patients in time and will not be limited by issues such as bad weather,” he stated.
Soussa encouraged all the subscribers who had not yet had an opportunity to win yet not to give up.

“…………We still have many cars, motor bikes and money for you to win,” he concluded.
As part of ‘Mega Masappe’, subscribers are required to opt into the promo by dialing *162# and selecting option 1 to opt in, option 2 to check target and option 3 to redeem their data bonus – which will be broken down into Voice, SMS and Data at 50%, 10% and 40% respectively. This bonus however does not apply to social packs, quarterly, annual and free bundles.

 

Airtel Uganda Managing Director, Anwar Soussa, pose with the lucky winners of the Mega Masappe promotion.
Mega Masappe promotion subscriber bonus will be given instantly on the achievement of the daily target. For example, if a subscriber’s bonus target is Ushs. 1,000 and they recharge with that Ushs. 1,000, they will receive 100% bonus of the same value under the Voice, SMS & Data split. However, if they recharge with another Ushs. 1,000 on the same day, they will not get a 2nd bonus.
Daily and weekly prizes will be given away every Friday for the duration of the promo.

 

NYEGE NYEGE INTERNATIONAL MUSIC FESTIVAL RELEASES SECOND PHASE LINEUP FOR 2017 EDITION


 

Nyege Nyege International Music Festival (#NNIMF17) releases its final lineup for the 3rd edition of the annual music festival at the source of the Nile River in Jinja, Uganda. All acts are now 100% confirmed.

From 1st – 3rd September 2017 Nyege Nyege presents its unique fusion of international and African sounds at the idyllic venue Nile Discovery Beach.

The festival, which launched in 2015 immediately established its reputation as one of the best new music festivals worldwide and has continued to be celebrated by festival fans and music editors for mixing stellar curation with Uganda’s renowned party vibes.

NYEGE NYEGE FINAL POSTER

Pre Sale tickets for this year’s 72-hour celebration are available to purchase for $36 (130,000 Ugandan shillings) online until Wednesday 26th of August. Tickets will be on sale at the door (subject to availability) for 170’000 UGX for the full festival pass, as well as day tickets on Friday at 70’000 UGX, on Saturday at 100’000 UGX and on Sunday at 50’000 UGX #TheUrgeIsReal #TooMuchSauce

Nyege Nyege releases its final additions to this year’s line-up, with the best in influential and eclectic musical acts influenced by the African continent.

Artists added to the line up include rising Ugandan dancehall star Latinum, Canadian Tropical Bass star Ghislain Poirier, UK’s global dancefloor force Cervo, up and coming Kenyan producer Sichangi who is making waves worldwide, as well as Ugandan reggae artist AK Simba who will bring his Belgian-based band “Karamoja” to debut their new EP. French/Brazilian DJ A Macaca and Kenyan techhouse producer Mawe round up the packed line up, joining our Cameroonian headliners Reniss and Jovi, making Nyege Nyege Festival 2017 the biggest music event to have taken place in East Africa yet!  The festival will also showcase Ugandan label Nyege Nyege Tapes, who, since their launch in January 2017, have garnered worldwide critical acclaim showcasing emerging underground East Africa artists including Sisso Records, Disco Vumbi  and Otim Alpha.

With 4 stages this year, the 72-hour musical celebration is sure to impress festivalgoers once again. This year’s sound will be unparalleled in the region, with support from the Nairobi underground who are bringing not one, but two sound systems: the Umojah rig, the first dedicated reggae/dub-style soundsystem built in Kenya, and East Africa’s first Funktion-One soundsystem coming to Uganda for the first time.

In order to fit in all this music, this year’s Nyege Nyege will open for those who are camping on Thursday morning, with a pre-party on Thursday night for the Njeru community where the festival is held, and all 3 -day pass-holders. Those interested in hiring a tent can do so via easyticket.ug or mymookh.com for only 100,000ugx (3000 kes), which includes a tent with 2 mattresses. Party buses from Nairobi, Kigali and Dar es Salaam will descend upon Jinja for the weekend, making the festival a true regional music celebration of historic proportions. Jumia Travel is making it easy for Kampala residents to join, by offering tent and hotel travel packages to the festival.

Decoration of the Nile Discovery Beach site is also a priority for Nyege Nyege this year, led by critically acclaimed visual artist Mirembe Musisi, a team of 20 stage builders, visual artists, photographers and installation freaks from all over the region will start building the site 3 weeks in advance.

nyege nyege-338

The 2016 edition saw over 200 local and international artists take to the stage in front of 3000 festival-goers, and attracted a global audience thanks to its forward thinking curation of African music. In previous years the festival has served as the East African debut for Kuduro pioneer DJ Marfox, the satirical Ghanaian rappers FOKN Bois, Scottish soundsystem Mungo’s Hi-Fi, Niger-based synth pioneer Mamman Sani, South African house producer Aero Manyelo, Burkinabe rapper Joey Le Soldat, North African electronic music collective Arabstazy, Senegalese electronic producer Ibaaku and Mozambican/ Ghanaian duo Gato Preto.

 

Nyege Nyege: (noun, Luganda) The feeling of a sudden uncontrollable urge to move, shake or dance.

Tickets

Early Bird tickets will be available online at www.nyegenyege.com from Saturday May 15th 2017

For images, interviews or more information please contact the festival organizers Derek Debru or Arlen Dilsizian on info@nyegenyege.com or head to www.nyegenyege.com/line-up.

To keep up to date with the latest on the festival, follow us on social media:
Web | www.nyegenyege.com
Facebook | http://www.facebook.com/NyegeNyegeFestival
Twitter | @NyegeNyegefest

Instagram | http://www.instagram.com/NyegeNyege

 

 

Ronald Sserunjogi Wins Airtel Mega Masappe Car.


 

 

What started as a mission to ascertain the truth ended in celebrations when Ronald Sserunjogi, a resident of Entebbe, was handed a brand new car courtesy of the ongoing Airtel Uganda Mega Masappe promotion.

“After reading about people winning again and again, I opted into the promotion to find out whether Airtel was really rewarding people. Today, I have won myself a brand new car!” exclaimed Sserunjogi amidst ululations from his family members who escorted him to receive his gift.

 

Airtel Uganda Supply Chain Director. Michael Opwonya, handing over the car keys to Ronald Sserunjogi the 4th car winner of the Airtel mega Masappe promotion.This is the fourth car that Airtel has given out as part of the Mega Masappe promotion – a promotion which will see subscribers win daily and weekly prizes such as motor bikes, brand new cars and cash for a 90-day period.As part of ‘Mega Masappe’, subscribers are required to opt into the promo by dialing *162# and selecting option 1 to opt in, option 2 to check target and option 3 to redeem their data bonus – which will be broken down into Voice, SMS and Data at 50%, 10% and 40% respectively. This bonus however does not apply to social packs, quarterly, annual and free bundles.

Other winners in this week’s draw include Ntege Innocent, Kasozi Justus, Balamu Jane and Kavuma Mustafa who took home a brand new motor bike each as well as Turyasima Barnabas, Ahimbisibwe Innocent and Ankunda Damalie who won one million shillings each.

Airtel Uganda Supply Chain Director. Michael Opwonya (4th left) poses with the Airtel Mega Massape lucky winners.

Handing over the prizes,Mr. Michael Opwonya, the Airtel Uganda Supply Chain Director congratulated the winners and thanked them for taking part in the promotion, saying the promotion was introduced for the purpose of rewarding Airtel Uganda subscribers.

“When we launched ‘Mega Masappe’, we had one major objective; to change the lives of our customers by rewarding their loyalty to the Smartphone network. With this promotion, we are able to give back to our subscribers all over the country and in turn, change their lives positively,” he commented.

Opwonya urged all Airtel Uganda subscribers to participate in the promotion. “I am excited to be handing over these prizes to this week’s lucky winners- but I am more excited to say that there are more prizes to be won.” he added.

Airtel Uganda Supply Chain Director. Michael Opwonya, handing over the Motorbike keys to Kavuma Mustafa during the Airtel Mega Masappe draw.

Mega Masappe promotion subscriber bonus will be given instantly on the achievement of the daily target. For example, if a subscriber’s bonus target is Ushs. 2,000 and they recharge with that Ushs. 2,000, they will receive 100% bonus of the same value under the Voice, SMS & Data split. However, if they recharge with another Ushs. 2,000 on the same day, they will not get a 2nd bonus.

Daily and weekly prizes will be given away every Friday for the entire duration of the promotion.

 

 

 

 

 

dfcu Bank increases support to St. John’s Ambulance Uganda’s emergency medical services.


 

As part of its Responsibility & Sustainability program, dfcu Bank Uganda has today renewed its support of emergency medical services- announcing an increment in its financial contribution to St. John’s ambulance Uganda. The announcement was made during a press briefing at the St. John’s ambulance services offices on Buganda Road.

Addressing journalists at the event, dfcu Bank’s Head of Brand Marketing Communication, Jude Kansiime said the renewed commitment was the Bank’s way of increasing its support to what is a dire situation.

dfcu Bank_s Head of Brand Marketing Communication, Jude Kansiime (C) hands over fuel cards to Christine Kasirye, the National Executive Secretary, St. John_s Ambulance during the eve

dfcu Bank has been supporting the services offered by St. John’s Ambulance for the last 5 years. This support has been in the form of monthly fuel, which is a key need if an organization wishes to provide timely emergency medical services. Today, dfcu Bank is glad and honored to announce that we will both continue with and increase our contribution to this crucial service.”

 

“As part of the emergency support pillar under our Sustainability strategy,  I am pleased to announce that dfcu Bank will double our monthly contribution to St. John’s Ambulance Uganda- which will allow them to operate a second ambulance and in turn provide urgently needed emergency medical services to those in need,” Kansiime added.

 

“Lack of sufficient emergency services is one of the leading causes of death in Uganda. Less than 10% of patients are transferred to hospitals and clinics by ambulances, which results in tragedies that could have been prevented. This is why our commitment to St. John’s Ambulance is important to us as an institution- we see it as a way to give back and improve the quality of life in the communities in which we operate,” he continued.

Christine Kasirye, the National Executive Secretary, St. John’s Ambulance commended dfcu Bank for their continued and unwavering reinforcement to its operations.

“Over the last 5 years, dfcu Bank has proved itself a dedicated and stable partner to the work that we do. One of the key elements needed for the successful provision of emergency medical services is timely arrival to the scene of the emergency and thereafter to a hospital or clinic. The monthly fuel contributions from dfcu Bank have helped us save countless lives,” Ms. Kasirye said.

dfcu Bank_s Head of Brand Marketing Communication, Jude Kansiime (L) hands over a dummy cheque to Christine Kasirye, the National Executive Secretary, St. John_s Ambulance after maki

“By providing fuel for a second ambulance, dfcu Bank is giving us the ability and means to reach more patients, provide urgent medical aid and as a result, save more lives. On behalf of St. John’s Ambulance, I extend our gratitude to the management of dfcu Bank for their pro-active support of emergency medical services,” Ms. Kasirye concluded.

 

With the increased funding, dfcu Bank’s contribution to St. John’s Ambulance will add up to UGX 24,000,000/- per year.

Tusker Malt Lager increases its sponsorship into this year’s edition of the Uganda Golf Open.


 

… Ladies Open added to the Tusker Malt Uganda Open category……..

 

 

 

Uganda Breweries Limited, through its premium brand Tusker Malt Lager, has today announced sponsorship of the 75th edition of the annual Tusker Malt Uganda Open Golf Tournament scheduled for the 7th September, 2017 – 30th September, 2017 at the prestigious and historic Uganda Golf Club.

Tusker Malt Lager has injected over UGX 500 million into this year’s tournament as assurance to show its support for the development of the game golf in Uganda. There has been an increase in the cash sponsorship from UGX 230 million to UGX 250 million.

In a bid to further raise the profile of the Tusker Malt Uganda Golf Open within the region and sub-Saharan Africa, as well as attract notable professional players from across the globe, Tusker Malt Lager has amplified its cash sponsorship of this year’s tournament.

Joseph Bagabo Captain of the Uganda Golf Club speaks during the launch of the Uganda Golf Open 2017

The Uganda Breweries Limited marketing director, Juliana Kaggwa, made the announcement during a press conference to communicate the upcoming tournament dates.

“Our partnership with the Uganda Golf Union from 2010 has yielded tremendous results. Our ultimate aim is to work closely with the Union to turn the Tusker Malt Uganda Golf Open into one of the biggest and most sought after tournaments in Africa.” She said.

Set to be played over 18 holes on one of the toughest courses in Uganda, the Tusker Malt Uganda Golf Open will attract over 500 amateurs, pros, seasoned pros and unseeded local players for the ladies, amateur and professional ranks tee off, in what is expected to be one of the most competitive and exciting tournaments in recent history.

According to the Uganda Golf Union, this year’s Open will have three parts of the tournament. The ladies will be playing from 7th September – 9th September, 2017, the amateurs will play from 13th September – 16th September, 2017, while the professionals will play from 27th September – 30th September, 2017.

Juliana Kagwa, Uganda Breweries Ltd Marketing Director speaks during the launch of the 2017 Uganda Golf Open as Johnson Omolo and Joseph Bagabo look on

“The game of golf has steadily grown in Uganda and we have seen a rise in the number of club memberships across the country, both by male and female golfers, young and old. The Uganda Open offers golfers a chance to shine at the big stage, and to showcase Uganda to international golf tournaments as well as generate revenue for the country.” said the Uganda Golf Union President, Mr. Johnson Omolo.

“Golf is fast becoming a lifestyle preference for a considerable number of Ugandans and Tusker Malt Lager will continue with the sponsorship of premier golf events such as the Uganda Open which allow us to support the development of the game, as well as connect with customers by sharing their passion and interests.” concluded Ms. Juliana Kagwa

Tusker Malt Lager embodies the spirit of the game of golf. Tusker Malt lager is slow brewed with an ingredient base of 100% malt giving it that unmistakably rich, smooth premium taste that is widely recognized and that consumers have grown to love.

The top star treasure hotel in Entebbe



Entebbe is one of the most beautiful parts of Uganda. Set right beside Lake Victoria, it’s peaceful, serene and scenic nature makes it a common getaway destination. With the airport, beach and Wildlife centre in Entebbe, it is a favourite  local and foreign tourist location. The people are very warm and calm and it’s a short drive from the main capital of Kampala. Combine all these things with a top star hotel experience and you are in for a beautiful, unforgettable time.
Quality is one of the things most people look for in a product, service, relationship and more importantly a restaurant or hotel. If you live in Entebbe or like to take trips there to get away from the hecticness of Kampala then you should definitely check out Best Western Premier Garden Hotel. Just as it’s name suggests, if you get the opportunity to head there you will be sure to receive nothing but premier 5 star treatment. Located at Victoria Mall Entebbe, right in the heart of the ever so beautiful and quiet town, Best Western Hotel has a striking garden area outside that catches your attention as soon as you arrive. With a concierge at the entrance to greet you and help you with any luggage and a valet service for your car, immediately you feel important and special. Walking in you are greeted with a very spacious, well lit lobby that has great artistic pieces hang all around.

On your right, there is a cute looking dining area at the Jacaranda restaurant where you can have lunch or dinner depending on the time you arrive. From Monday to Sunday they have a buffet spread that has quite the wide selection of food ranging from local to fancy delicious desserts. If you are the kind of person who prefers to order straight off the menu that too is possible and the it has quick to go bites as well as main course dishes. One thing that is outstanding about the menu is that the drinks section is rich with so many options that you would definitely not fail to treat yourself. From Champagnes, to wines, vodkas to whiskeys and cocktails they definitely have you sorted in that department from the fully stocked bar, guests can unwind at the terrace bar-also known as The Ark Bar.
Three different conference rooms with capacity of between 25-350 guests are available for hire, travel desk to offer car hire and travel advice, complimentary Airport shuttle, an open gym, business centre, ample parking lot are available onsite. The premises are also guarded by security personnel supplemented by CCTV cameras. The fact that this hotel is strategically located at a mall means that you have access to other services like a Salon option, a bank and soon to be opened supermarket.

Saving the best for last, the rooms. The rooms at Best Western Hotel are absolutely breathtaking. Each with great additions depending on your preference for example a balcony and a spa if you like long relaxing baths.

Uganda Zaabu and this one of the many reasons why! To book your stay at Best Western Hotel Entebbe head to (travel.jumia.com)

credit: Jumia.com

Airtel Uganda Partners with KCCA for Charity Concert


 

  • Signs on as Silver sponsor for KCCA Pre Festival Concert

 

Telecommunications solutions provider, Airtel Uganda announced a partnership with Kampala Capital City Authority to sponsor the pre-festival charity concert.

The concert scheduled to take place on 6th October 2017 at the Kololo Independence grounds, proceeds from the pre festival party will all be geared towards improving the state of KCCA UPE schools currently providing free primary education for over 80,000 children from low income households.

Airtel Uganda officials led by the Managing Director Anwar Soussa(left), KCCA ED, Jeniffer Musisi recieves a dummy cheque of Ush50million to Sponosr the Pre-Festival Charity concert. (1)

Speaking at the press conference, Airtel Uganda Managing Director Mr. Anwar Soussa applauded KCCA for the work that they do to ensure that the city remains clean, beautiful and organized.

“Partnering with KCCA is not a new venture for us at Airtel Uganda. Over the years, we have partnered on many different projects such as the beautification project at the Wampewo road roundabout and the KCCA fees payment project using our Airtel Money platform,” he said, adding that Airtel Uganda has also been a KCCA festival partner for the past few years.

Soussa further clarified that Airtel Uganda is very passionate about this partnership because of its impact on education in Uganda.

“Education is one of our key Corporate Social Responsibility pillars. Through our Adopt-A-School program, we have managed to refurbish over 5 schools in Uganda – one of them being St. Ponsiano Primary School located in Makindye, here in Kampala district,” he added.

Mrs. Jennifer Musisi, the KCCA Executive Director praised the telecommunications company for always sponsoring and participating in different projects that benefit the city.

“Allow me to appreciate Airtel Uganda for being approachable and always willing to participate in our different projects. We have done a lot of work together and I encourage you to maintain this relationship as we build our city,” she said.

As a silver sponsor, Airtel Uganda handed over a 50 million shillings cheque to the KCCA Executive Director, Mrs. Jennifer Musisi. Airtel will also offer locations for the concert tickets to be sold as well as branded merchandise to boost up the event.

Airtel Uganda Reiterates Commitment as Masaza Cup Progresses to Quarter Finals


 

Airtel Uganda, the nation’s number one supporter of football reiterated its commitment to the ongoing Masaza Cup as it progresses to the Quarter finals stage.

This announcement was made this morning at the Buganda Kingdom offices in Mengo at a press conference attended by Airtel Uganda officials led by Ms. Remmie Kisakye the Head – Brand and Communications alongside Buganda kingdom officials who included the Katikkiro Owek. Charles Peter Mayigga, who represented the Kabaka of Buganda and the Sports Minister Owek. Henry Sekabembe.

Speaking at the press conference, Kisakye thanked the Kabaka of Buganda as well as his officials for continuing to mobilize the kingdom subjects and encouraging them to work together to better their lives and the Kingdom at large. She also noted that Airtel will continue invest in football – a platform that offers opportunities to hundreds of talented players across the country to better themselves and represent the country at an international stage .

Airtel Uganda Head of Brand and Communication, Remmie Kisakye, addressing the media at Bulange, Mengo. (1)

 

“….At Airtel Uganda, we remain committed to sponsoring the Masaza Cup – a tournament that boosts talent amongst the young people from Buganda Region while mobilizing them to participate in development programmes and activities that ultimately positively impact their lives and the communities in which they live,” she concluded.

Speaking on behalf of the Buganda Kingdom, Katikkiro Owek. Charles Peter Mayiga thanked Airtel for their continued dedication to football in Uganda.

“We thank Airtel Uganda for continuing to value and invest in the different activities that are carried out in the kingdom. It’s a strong re-affirmation that strong partnerships can indeed achieve a lot in the community together with the right shared objectives. We invite all Baganda and Ugandans to come watch and support the teams in the quarterfinals in this tournament,” he said.

The Masaza Cup is an annual tournament that has been played since 2004 and features nineteen teams from 19 different Buganda Kingdom regions. Over the weekend, the Masaza Cup group stages came to a close with Mawokota, Gomba, Singo, Bugerere, Bulemezi Busiro, Kooki and defending champions Buddu emerging victorious and securing spots into the upcoming first leg of the quarter finals due on 23rd July.