Kenj Nabirye

Kenj Nabirye

#GoatRacesKla: Speke Resort Offers Discounts On Accommodation

Speke Resort Munyonyo has announced big accommodation discounts during the weekend of The Royal Ascot Goat Races. This, the hotel said is to enable their clients enjoy the goat races and ‘enter a world filled with all the fun & unforgettable experience’.

While the goat races will happen on 25th August, the goat races weekend offer starts on 24th and runs till 26th August. This means you check in a day earlier to prepare for the goat races and leave a day later after the fun filled event.

“The Goat Races were easily the most popular event on Uganda’s social calendar for all the time they were held, so we wanted to bring that amazing experience back with fun-filled activities everyone can participate in,” said Sheena Ruparelia, the event coordinator, said at the launch of the event recently.

“Our focus is on the races and activities around that, but there will be hospitality tents available, a food court with up to 10 types of cuisines; a beer garden, cocktail and champagne bars, sport games, silent disco areas, and chill-out lounges,” she added.

“We are excited about the return of the Goat Races, which we consider the social event any fun-loving person would look forward to the most in Uganda. We jumped at the opportunity to partner with the Goat Races because no fun event of this kind is complete without Tusker Malt. We want guys to really make the most of it,” said Grace Namutebi, Brand Manager, Premium Beers at Uganda Breweries.

The goat races will entail six races over the course of the day, with each race featuring 10 goats. Anyone can sponsor a race, or buy a goat to participate in a race. The proceeds generated from the races will then go to a selected charity. Tickets to the Goat Races will go for Shs50,000, with early bird offers, and special discount days also planned, where one can get a ticket for as low as Shs30,000.

Continuing with their social responsibility tradition, the goat races will once again give back to society, with Totos Tag Rugby and Outreach programme being this year’s beneficiaries. Under the programme 250 children train at the Kyadondo Rugby Club every weekend.

BoU: Non Performing Loans Drop, DFCU Liquidity Strong

The governor Bank of Uganda Emmanuel Tumusiime Mutebile reports that the financial performance of the banking industry in Uganda continues to strengthen as indicated in the end-June 2018 data.

“In particular, the ratio of non-performing loans to total loans in the banking industry reduced further from 5.3 percent at end March 2018 to 4.4 percent at end-June 2018,” Mutebile said.

He was speaking at the Uganda Bankers’ Association Informal Dinner which was heald at Golden Tulip Hotel, Nakasero on 27 July 2018 where he noted that the banking industry has strong capital and liquidity buffers, which provide a solid platform for expanding intermediation in the year ahead.

The governor said the banking industry’s cost to income ratio registered a measured reduction, while after tax return on assets rose marginally.

“We have now observed five consecutive quarters of improving financial performance among banks, driven primarily by stronger loan quality. As such, we can say that the rise of non-performing loans that hit the banking sector in 2016 has abated.

The governor also faulted the media for portraying dfcu Bank as a failing financial institution following news that their leading investors were quitting due to issues related to lack of corporate governance and numerous court cases the commercial bank faces following the take over of Crane Bank.

"dfcu Bank’s operations have progressed normally and the bank remains in a strong liquidity position," Mutebile said urging banks to demonstrates the need to build resilience to reputational risk by widening and deepening the moats (defences) for protecting public confidence in the banking system.

"The directors and management of financial institutions must prioritize reputational risk management, not least by developing proactive communications strategies with effective crisis control measures as well as the capacity to thwart fake news.

TripAdvisor Certifies Kabira Country Club Again

Kabira Country Club last week bagged the prestigious Certificate of Excellence from TripAdvisor, an American travel and restaurant website company providing hotel and restaurant reviews, accommodation bookings and other travel-related content.

The certificate was in recognition of their good services. Vismay Maniyar, the general manager of Kabira Country Club, said such international appraisal, especially by customers and guests, inspires them to be a better hotel.

“It gives us the boost we need to be better every day. We shall always go an extra mile to make our guests happy and contented. We shall work hard to make sure that the vision of our managing director Mr. Rajiv Ruparelia to have world class hospitality at Kabira country Club is fulfilled.” Maniyar said in an interview.

Kabira Country Club is the leading boutique hotel in Kampala, with a world class restaurant, gymnasium, accommodation and a heated swimming pool. It is also the perfect hotel for a relaxing get away and venue to hold special events, weddings and business meetings in Kampala.

The hotel offers a wide range of accommodation options from Single room, double rooms to three bedroom duplex Penthouse. The rooms and Suites offer 24-hour room service, air-conditioning, Satelite TV, bathtub and many other amenities.

Kabira has world class sporting and recreational facilities like a fully equipped gym which cater for a wide range of fitness and wellness needs. The hotel has 2 heated swimming pools, 3 squash courts, a sports field, four clay floodlit tennis court and floodlit basketball court and spa.

The hotel also offers world class service when it comes to conferences, meetings, seminars and workshops. Conference halls are equipped with latest Audio & Video systems to give your seminars, workshops, business meetings & conferences the digital look and interactions you need.



Muloni Ties Up Chinese Nuclear Deal

Uganda signed a memorandum of understanding (MoU) with China National Nuclear Corporation (CNNC) to explore peaceful application of nuclear technology in medicine, agriculture and industry.

Uganda’s energy minister Irene Muloni and CNNC Chairman Wang Shoujun put pen to paper in Beijing, China. Shoujun expressed willingness to share their nuclear energy experience with Uganda.

He said the use of nuclear technology would help Uganda raise its infrastructure capabilities and improve its people's living standards. On her part Muloni said nuclear power development is part of Uganda’s long-term energy development plan.

She said that CNNC's capabilities in the nuclear and non-nuclear sectors were in line with Uganda's industrial development needs and that the country was willing to conduct in-depth cooperation with the company.

Media reports in China sais the text of a draft MoU between Uganda and CNNC was agreed upon during a May 2017 visit of a delegation from Uganda led by Prisca Boonabantu, undersecretary in the Ministry of Energy.

Boonabantu visit to China was followed up by a similar one by the Chinese in March 2016. Boonabantu noted that Uganda's Vision 2040 roadmap incorporated the development of nuclear energy as part of the country's future energy mix.

In June 2017, Uganda's Ministry of Energy and Mineral Development signed a similar MoU on nuclear energy cooperation with Russian state nuclear corporation Rosatom for purposes it described as peaceful.

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