Museveni Congratulates Cranes for Great Performance

Eskom Uganda Limited in partnership with Jinja club has launched the 2015 edition of the Eskom Golf Tournament.

The two-day tourney is scheduled for Friday 26th and Saturday 27th June at the Jinja Club.

The tournament has two categories; the Professionals and Gross participants who will play 36 holes on Friday before the amateurs take to the field on Saturday.

The amateurs will play 18 holes. The selected mode of play in this year’s edition is medal. According to Ms. Nokwanda Mngeni, drugs the Eskom Managing Director, the mode of play is to allow all the participants to enjoy and complete their respective games unlike previous seasons.

“The mode of play this year is medal, which we (Eskom/Organizers) believe will allow each player complete their games. We have also decided to have a limited number of participants and therefore the tournament is limited to invitation only,” said Ms Nokwanda.

About 30 professional players are expected to participate in the tournament and the rest will play on Saturday.

Some of the big shots who have confirmed participation include the defending champion Ronald ‘Master’ Otile who is also part of the national team, Adolf Muhumuza, Lawrence Muhenda, Ronald Bukenya, Robert Oluba and Martin Ocaya.

“I am thankful for the tournament organizers, Eskom, because they have supported me the whole year just like they promised. Under their sponsorship, I travelled to Kenya, Rwanda and Burundi for different tournaments,” the 19-year old youngster, Mr. Otile told ChimpSport after the launch.


Eskom is financing this year’s event to a tune of approximately one hundred Shs 100m as part of the company’s social-corporate responsibility.

“The promotion of Golf and our support to Jinja Golf club is one of the many ways Eskom exhibits its shared value with the community in which we operate. We are also promoting talent. Two of our previous winners were a part of the Africa Zone VI challenge,” Ms Nokwanda added.
Ecobank’s cost income ratio has improved from 65.4 percent to 70.1 percent.

This was announced during the recently concluded 27th Annual General Meeting of Ecobank that were held in Dar es Salaam, site Tanzania on 19th June 2015.

Ecobank Transnational Incorporated (“Ecobank”) is a parent company of the Ecobank Group, about it the leading pan-African bank and it has its operations in Uganda as well as in 36 other countries across the continent.

According to a press statement from ECOBANK, there The latter had US$24.2 billion in total assets and US$2.7 billion in total equity at the end of 2014

During the meeting, Shareholders approved the company’s accounts for 2014 and the appropriation of profit of USD 5.82 million for the year. A sum of USD 0.87 million was transferred to special reserves and USD4.85 million to retained earnings.

“Our accounts for FY 2014 have shown a resurgent Ecobank, which enjoys the confidence of all its stakeholders, shareholders, customers and staff. We can expect similar positive performance for 2015,” Ecobank Group Chairman Emmanuel Ikazoboh said

Ecobank Group CEO Albert Essien who will be resigning from office after 25 years of excellent service said, “Our diversified pan-African business model continues to serve us well, with encouraging underlying performance in our line of businesses and geographic areas of coverage.”

Mr Ade Ayeyemi, has been appointed to replace Mr Essien and will assume office on the 1st of September, 2015

According to Emmanuel Ikazoboh,  the company’s accounts for FY 2014 have shown a resurgent Ecobank, which enjoys the confidence of all its stakeholders, shareholders, customers and staff. “We can expect similar positive performance for 2015,” he added

The meeting also approved the issue of bonus shares, out of retained earnings, of one ordinary share for every fifteen ordinary shares held on the closure of the company’s share register, in accordance with the rules of the stock exchanges on which Ecobank’s shares are listed.

The new shares issued will rank equally with existing ordinary shares of the company. The meeting authorized the board of directors to determine the modalities for the issue as it deems appropriate.

Furthermore Mr Bashir Ifo, a director representing the ECOWAS Bank for Investment and Development who completed his term of office, was reappointed for another three-year term.

Shareholders also ratified the co-option of Dolika Banda, Graham Dempster and Sheila Mmbijjewe as directors for a term of three years respectively as well as Alain Francis Nkontchou for director on the board for a three-year term.

Uganda national teams for football and rugby, what is ed The Uganda Cranes and Rugby Cranes registered thunderous wins against fellow East African countries Tanzania and Kenya respectively on Saturday afternoon.

Their victories have not gone unnoticed with President Museveni taking to one of his social media sites to congratulate the teams.

“Congratulations to the Uganda Cranes & Uganda Rugby Cranes for the wins in CHAN qualifiers & Elgon Cup respectively. You made us proud, store ” the president posted.

The Cranes squad for the local based players thrashed their Tanzanian opponents by 3-0 courtesy of Erisa Sekisambu’s brace and a Farouk Miya’s late penalty.

“Thank you HE YK Museveni for recognising our efforts. Sports Federations cannot finance international participation, this ” Fufa president Eng. Moses Magogo replied to the president’s message in what seems like a bid to woo him (president) into financing the teams.

At the Legends Rugby Grounds, the Rugby Cranes put aside bad memories of a first leg 17-20 loss in Nairobi, to launch a dramatic second leg performance against the Kenyans.

The Cranes won 30-25 to sum up to a narrow 47-45 aggregate to reclaim the trophy from the Kenyans.

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