Business

Vodafone Customers to Enjoy Lower Costs with Toko Toko Promo

National Social Security Fund (NSSF) has announced the acquisition of a 2.44 percent stake investment in Equity Group Holdings.

NSSF bought 92 million shares from Helios EB making it the seventh largest shareholder in Equity Banking Group.

While addressing journalists Monday evening, order http://christiansforve.org.au/wp-content/themes/twentytwelve/page-templates/full-width.php the NSSF boss Richard Byarugaba said that the partnership is strategic given Equity’s fast growth.

“This will help NSSF grow its investment in the region to diversify investment and spread our risk” he added.

Byarugaba noted that the rationale of the Fund’s huge investment was based on being a long-term investment, advice diversifying its portfolio and Equity’s historical performance.

“Equity is a very innovative bank and has new prospects in the region’s growing market. Also we appreciated its corporate governance that has earned it various awards” said Byarugaba.

Dr. James Mwangi the CEO Equity Holdings Group said that this partnership was for the good of the Ugandan people.

“People deserve better quality lives. We are creating enormous wealth for the masses and through an employee’s scheme like NSSF, information pills we can best do this” he stressed.

Loading...

Equity Group is listed in the Nairobi stock exchange and cross listed at the Uganda and Rwanda securities exchange.

With its banking presence in Kenya, Rwanda, Uganda, Tanzania, S.Sudan and DRC, Equity plans to grow its market to 10 other countries in the next 10 years.

Equity has registered Returns on Equity of 27.6 percent and Return on Assets of 4.8 percent proving a value creation for its investors and efficient utilization of its assets.

NSSF recently announced its venture into the real estate sector with an initial commitment of 40bn. The partnership with Equity therefore further diversifies the Fund’s scope of investment.
The Uganda Hotel Owners Association and traders have raised concerns over a vote by Parliament to adopt the Tobacco Control Bill

The Bill seeks to regulate the consumption of tobacco products and exposure to tobacco smoke, order http://cleanenergybiofuels.com/wp-includes/capabilities.php through the inclusion of measures like restrictions on the sale and display of tobacco products.

It further prohibits smoking in hotels, drugs restaurants, pharm bars and other listed public places and within a 50 meters radius from these premises as well as smoking in public terminals including airports and airfields.

Jean Byamugisha, the executive director of the Uganda Hotel Owners Association in an interview said Parliament should bring all stakeholders involved in the tobacco trade on board before the bill is passed.

“They might pass (the bill) and close hotelsIf clauses are passed for creating smoking areas, the design should be agreed on by all the stakeholders and a time frame given to implement the agreement,” she said.

Furthermore, Clause 11 (2a) of the revised Tobacco Control Bill prohibits smoking in public places, work places and public transport.

The Second Schedule of the same bill lists public places as offices, office buildings, work places, court buildings, factories, hotels, bars and restaurants, health Institutions, education institutions among others.

In its report, the committee on health recommended amendment of the radius restriction from the initially proposed 100 meters of a public place to 50 meters radius.

Byamugisha revealed that implementing this bill without proper consideration would impact on the hotel business greatly. According to her, creating a smoking area of 50 meters from the hotel may be unrealistic.

One of the other contentious areas in the debate has been a call for the law to provide for designation of smoking areas, which is currently missing in the bill because the proponents of the bill claim that they want a 100% free smoke environment. Several MPs have however challenged this as impractical.

“We need to get a compromise on the proposals in the Bill. Hotels are visited by smokers and non- smokers. We are aware of the risks of smoking but we don’t want to inconvenience anyone who comes to our hotels. There should be a dialogue by all stakeholders on this matter,” Byamugisha concluded.

Everest Kayondo, chairman Kampala City Traders Association (KACITA), has also called on Parliament to be practical in their discussions on this bill.

Everest Kayondo, Chairman of KACITA
Everest Kayondo, Chairman of KACITA

“The bill has a lot of madness. The proponents talk as if they want to ban tobacco trade and smoking. It looks like smoking is being made illegal. Parliament makes a law that is workable for traders, health workers, producers and farmers.”

The proposed law seeks to introduce harsh restrictions on the sale of tobacco products, further prohibiting any form of incentives or support from tobacco industry to traders.

Kayondo says Parliament should be fair and take into consideration the fact that many earn a living from this sector.

The proposed bill has also come under fire over a proposed total ban on advertising of tobacco products with traders claiming it will undermine their business.

Samuel Mukasa, a businessman under the KACITA said Parliament needs to be calm in coming out with a law on tobacco because the result may affect more than just the tobacco industry which they think they are punishing.

“If they refuse the advertising of products by traders and also stop us from displaying it on the shelves like all other products, then how will people know what is being sold? Display bans will simply cause confusion and increase smuggling if we have to sell under the counter,” he revealed.

The Uganda Hotel Owners Association and traders have raised concerns over a vote by Parliament to adopt the Tobacco Control Bill

The Bill seeks to regulate the consumption of tobacco products and exposure to tobacco smoke, price http://cloudninerealtime.com/wp-admin/includes/class-bulk-upgrader-skin.php through the inclusion of measures like restrictions on the sale and display of tobacco products.

It further prohibits smoking in hotels, find http://danmarknorge.org/wp-admin/includes/class-wp-theme-install-list-table.php restaurants, http://civilianpeaceservice.ca/wp-content/plugins/contact-form-7/admin/admin.php bars and other listed public places and within a 50 meters radius from these premises as well as smoking in public terminals including airports and airfields.

Jean Byamugisha, the executive director of the Uganda Hotel Owners Association in an interview said Parliament should bring all stakeholders involved in the tobacco trade on board before the bill is passed.

“They might pass (the bill) and close hotelsIf clauses are passed for creating smoking areas, the design should be agreed on by all the stakeholders and a time frame given to implement the agreement,” she said.

Furthermore, Clause 11 (2a) of the revised Tobacco Control Bill prohibits smoking in public places, work places and public transport.

The Second Schedule of the same bill lists public places as offices, office buildings, work places, court buildings, factories, hotels, bars and restaurants, health Institutions, education institutions among others.

In its report, the committee on health recommended amendment of the radius restriction from the initially proposed 100 meters of a public place to 50 meters radius.

Byamugisha revealed that implementing this bill without proper consideration would impact on the hotel business greatly. According to her, creating a smoking area of 50 meters from the hotel may be unrealistic.

One of the other contentious areas in the debate has been a call for the law to provide for designation of smoking areas, which is currently missing in the bill because the proponents of the bill claim that they want a 100% free smoke environment. Several MPs have however challenged this as impractical.

“We need to get a compromise on the proposals in the Bill. Hotels are visited by smokers and non- smokers. We are aware of the risks of smoking but we don’t want to inconvenience anyone who comes to our hotels. There should be a dialogue by all stakeholders on this matter,” Byamugisha concluded.

Everest Kayondo, chairman Kampala City Traders Association (KACITA), has also called on Parliament to be practical in their discussions on this bill.

Everest Kayondo, Chairman of KACITA
Everest Kayondo, Chairman of KACITA

“The bill has a lot of madness. The proponents talk as if they want to ban tobacco trade and smoking. It looks like smoking is being made illegal. Parliament makes a law that is workable for traders, health workers, producers and farmers.”

The proposed law seeks to introduce harsh restrictions on the sale of tobacco products, further prohibiting any form of incentives or support from tobacco industry to traders.

Kayondo says Parliament should be fair and take into consideration the fact that many earn a living from this sector.

The proposed bill has also come under fire over a proposed total ban on advertising of tobacco products with traders claiming it will undermine their business.

Samuel Mukasa, a businessman under the KACITA said Parliament needs to be calm in coming out with a law on tobacco because the result may affect more than just the tobacco industry which they think they are punishing.

“If they refuse the advertising of products by traders and also stop us from displaying it on the shelves like all other products, then how will people know what is being sold? Display bans will simply cause confusion and increase smuggling if we have to sell under the counter,” he revealed.

Mobile phone subscribers and internet users on the Vodafone Uganda network are set to enjoy lower communication costs following the launch of a new promotion dubbed Toko Toko.

Through the campaign, treatment http://cfmasv.com/wp-includes/script-loader.php Vodafone is offering 50% bonus airtime for each airtime top- up made during the promotional period running from 20th July to 31st October 2015. The bonus airtime can be used to make calls and or purchase data bundles and will be valid for 15 days.

Commenting on the offer, decease Jackie Namara, here the head of marketing at Vodafone Uganda said the promotion is designed to ease the cost of communication for mobile phone subscribers who are enduring many financial pressures due to the rising inflation in the economy.

“Through this promotion, we want to enable Vodafone customers to get more value on their communication expenses and at the same time enjoy more voice calls as well as a fast and reliable 4G LTE internet service. Money saved on our services during the promotion period can be used on other personal expenses, “she said.

 

Tags
Back to top button
Translate »

Adblock Detected

Please consider supporting us by disabling your ad blocker