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“Ugandan women are mostly in older, shabbier parts of Dubai.”
Whisky mentor: Johnnie Walker ambassador Marcus Kwikiriza shows guests how to appreciate whisky.
Europe’s Best Airline
KIRMIZI 21X29.7cm ING.indd 1
10.07.2015 09:56
TALKING MUSIC
celeb style
V U “Come Prepared to Learn, Leave Prepared to Succeed”
AUG - SEPT 2016 ADMISSIONS ONGOING APPLY NOW ! TEN (10) REASONS TO JOIN VICTORIA UNIVERSITY 1. Location, Convenience & Accessibility 2. Choice of Programs are Market driven 3. Self-Employment Programs 4. Employment-Oriented Programs 5. Research Excellence 6. Top Class Facilities 7. Dedicated Staff Support 8. Market Driven Lecturers 9. Creating Scholars 10.Culture of Entrepreneurship
Undergraduate Programmes Faculty of Business and Management Bachelor of Business Administration (BBA) - 3 years; Bachelor of Business Banking and Finance (BBF) - 3 years; Bachelor of Procurement and Logistics (BPL) - 3 years; Bachelor of Tourism & Hotel Management (BTM) - 3 years; Bachelor of International Business (BIB) - 3 years Diploma in Procurement and Logistics (Dip PL) - 2 years; Diploma in Tourism and Hospitality Management (Dip THM) - 2 years ; Diploma in Banking and Finance (Dip BF) - 2 years; Diploma in Business Administration (Dip BA) - 2 years. Faculty of Health Sciences Bachelor of Science in Public Health (BScPH) - Full Time: 3 years; Bachelor of Environmental Health Science (BEHS) 3 years; Bachelor of Nursing Science (BNS) - 4 years; Bachelor of Midwifery Science (BMS) - 2 years; Bachelor of Science in Human Nutrition and Dietetics (BHND) - 4 years.
Faculty of Humanities and Social Sciences Bachelor of Public Administration and Management (BPAM) - 3 years; Bachelor of Social Work and Social Administration (BSWSA) - 3 years; Bachelor of Journalism and Media Studies (BJMS) - 3 years; Bachelor of Human Resource Management (BHRM) - 3 years; Bachelor of International Relations and Diplomatic Studies (BIRDS) - 3 years; Diploma in Social Work and Social Administration (Dip SWSA) 2 years; Diploma in International Relations and Diplomatic Studies (Dip IRDS) 2 years; Diploma in Journalism and Media Studies (Dip JMS) - 2 years; Diploma in Human Resource Management (Dip HR) - 2 years.
Faculty of Science and Technology Bachelor of Computer Science (BCS) - 3 years; Bachelor of Business in Information Systems (BBIS) - 3 years; Bachelor of Business Computing (BBC) - 3 years; Bachelor of Information Technology (BIT) -3 years; Diploma in Business Information Systems (Dip BIS) - 2 years; Diploma in Information Technology (Dip IT ) 2 years;
Department of Petroleum and Energy Studies Bachelor of Science in Oil & Gas Accounting (BScOGA) - 3 years;
Victoria Towers, Plot 1 - 13 Jinja Road, Kampala, Tel: +256 417 727 000 or +256 759 996 146 / 130, admissions@vu.ac.ug www.vu.ac.ug
victoria university kampala uganda
+256 700 3000 88
@vukampala
18 MATOOKE REPUBLIC / Thursday June 16-22, 2016
Business
Money I Trade I Executives
Why small businesses should outsource task costs the same restaurateur four hours daily in which time they could make Shs75,000.
BY EDWARD KALEMA
O
ne of the biggest mistakes many business owners make is trying to do everything themselves to “save money”. In the process, they end up wasting valuable time and still do a substandard job. According to Entrepreneur.com, strategic outsourcing solves this dilemma. Many entrepreneurs reject outsourcing because of the extra cost. However, they fail to calculate the value of opportunities lost because they sank too much time into energy-sapping tasks best left to others. Simply put, they save money but they don’t make money. It doesn’t help a restaurant owner to save Shs50,000 doing food deliveries to customers when that
FOREX RATES Currency Buying USD 3,310 GBP 4,755 EUR 3,735 KSH 31 JPY 27
Outsource your weaknesses. The key consideration in going the outsourcing route, according to the website, is for a business owner to take a look at their weekly tasks and try and separate those they are comfortable with and they are good at from those that take unnecessary amounts of time because you don’t quite have the skills you need to complete them effectively. The tasks on the latter list are those that a business owner should consider outsourcing. There aren’t specific tasks that a business should outsource. A night club should probably outsource PR, while a PR firm
briefing
Selling 3,420 4,920 3,870 35 31
might be best served outsourcing its bookkeeping. Even then, there are components of business most small business owners should free themselves from. Accounting/financial duties. Not only is accounting time consuming, it is also largely a specialty trade. Accountants will save you time you would spend on things like bookkeeping, know the rules, and can keep you out of trouble—especially with regard to aspects like taxation. They are likely to be more efficient at these tasks because they do this every day. Administrative tasks. Scheduling, travel arrangements, data entry, report or proposal writing as well as human resource management
Marketing/social media. Marketing is definitely a task that should be outsourced—for two reasons: One is that it isn’t part of your core competencies and two is that it is not a direct revenue source. Instead it can be a significant cost centre which you can save money on by letting an outsider take care of for you. Similarly, reaching out on Facebook and Twitter is great, but doing so takes time. It might be cheaper to find someone you can empower (and pay) to post and engage social media followers on
UNRA in move to stop illegal foreign workers “This is to inform all contractors and consultants that the compliance verification exercise has commenced and all expatriate staff working on Uganda National Roads Authority projects should present valid entry permits, certificate of residence and work permits as required by law. Allen Kagina, UNRA Executive Director
Katikkiro Mayiga endorses Ngule as official drink of Buganda functions BY WILLIAM KASOBA
B
uganda Kingdom’s official beer, Ngule, will be at every Buganda traditional function, the Katikkiro of Buganda, Owekitiibwa Charles Peter Mayiga, has said. The Prime Minister was presiding over the swearing-in ceremony of the new Executive of the Association of Abo’ogezi B’emikolo at Bulange, Mengo, on Tuesday. The Abo’ogezi Association is a body that brings together all Buganda Kingdom cultural events spokesmen. Ngule, which was launched in January 2016, is a kingdom beer produced by Uganda Breweries Limited (UBL) for Majestic Brands – the investment arm of the Buganda Kingdom. “As our ambassadors, when the bako (in-laws) are asked to bring ekita at kwanjula, I task you to make sure they bring Ngule,” said Mayiga. “We want to move our people away from consuming illicit brew which is potentially harmful to their health,” he added. At the event, attended by over 500 Aboogezi, Mayiga emphasised the need to keep the tradition but also modernise it so that the consumers of the brew brought to events are both safe and healthy.
might all be crucial tasks to the proper functioning of any business, but they are not usually core business activities. This immediately qualifies them as tasks a small business should outsource.
Noah Ssenfuma, a representative of the Boogezi enlightens guests on Ngule at Bulange. Noah Ssenfuma, a representative of the Aboogezi said Ngule is a beer for celebratory occasions that should be present at every festival. He urged his fellow Boogezi to make sure that the brand is present at all functions they cover and recognised the fact that Ngule is the official kingdom beer. “On a recent visit to the Uganda Breweries Limited plant in Luzira, I was taken through the production and bottling process our beer goes through. This beer is hygienically produced and is brewed to international standards, just like all other UBL beer brands,” Mayiga said.
Owek. Mayiga further urged farmers within the kingdom to grow cassava and supply it to UBL. Ngule is brewed from cassava, most of which is exclusively sourced from within the Buganda Kingdom. “This is also part of the Kabaka’s five year strategic plan to get the people of Buganda out of poverty. This beer is another way in which we aim to boost household incomes within the kingdom,” Mayiga said. He added that the kingdom intends to re-invest the monies earned from Ngule into key areas in the kingdom such as health, education and sanitation.
your behalf. IT operations. It can be extremely expensive to handle IT operations in-house. The average business has limited ability and knowledge to manage all of its IT needs, yet the IT needs of a small business might not warrant hiring an inhouse person. Unless yours is an IT company, IT is a maintenance and repair function, and one that can definitely be outsourced. If you need something done regularly but lack the expertise or the time to become an expert, outsource it. Outsource that which you are not good at. The simple wisdom in outsourcing is for a business owner to work to improve their strengths, not their weaknesses.
STRIVE MASIYIWA
Close the deal
O
ver the past few years, I’ve talked to you a lot about the most important skills in business. First and foremost - the capacity to read. Second, and completely essential: the ability to work in numbers (data). Now in the current series we’re looking at the third most important: Every entrepreneur must be a good salesperson! Some of you have pointed out that if an entrepreneur doesn’t have the ability to sell and market, no matter what other skills he or she might have, the business will sooner or later be doomed. Sadly, it’s really true. You must never be fearful or shy or apologetic about selling. Let’s recap this series so far: Part 1) Intro: Every entrepreneur must be a good salesperson; Part 2) Presentation is extremely important: Always present with passion and excellence; Part 3) Study to show yourself approved: Accounting, finance, economics, sales and marketing are the foundational skills for any entrepreneur. Now let’s get to Part 4: Close the deal! A young real estate agent was showing a couple around a house. “Why don’t we start in the main lounge,” he said. As soon as they entered the room, the woman exclaimed in delight, “I really love this room! Wow, it’s amazing!” “Let’s buy this house,” the woman said to her husband. “This is what I’m looking for!” Excited, the young agent said, “Come, I’ll show you the rest of the house.” Then he added, “I have houses even better than this to show you!” He hurried them to see the rest
of the house. After that he drove them to see some other houses, and encouraged them to call him the next day. They didn’t call him, and he did not get the sale. Explaining his disappointment to an older more experienced sales agent, he was totally surprised when the other man laughed at him: “You should have closed the deal on the first house. When she said ‘I love this room,’ that’s the point where you start working to close a deal!” Many people just don’t know how to close a sale. I see it all the time. I’m always watching the sales techniques of people I meet every day, even in shops. You must know when you have made a sale, and move quickly to close. Don’t keep going in circles! # The customer is the one who is choosing, not the seller. So there was no point in telling them he had other better houses.
Strive Masiyiwais a London-based Zimbabwean businessman and philanthropist. He is the founder and chairman of international telecommunications group Econet Wireless.
Thursday June 16-22 2016, MATOOKE REPUBLIC 19
Work I Innovation I Enterprise
Business
BETTING TIPS
Thursday June 16, 2016 EUROPE: Euro 16:00
England - Wales
GG
19:00
Ukraine - Northern Ireland
Over 2.5
22:00
Germany - Poland
GG
Friday June 17, 2016 EUROPE: Euro 16:00
Italy - Sweden
GG
19:00
Czech Republic - Croatia
2
22:00
Spain - Turkey
1
Saturday June 18, 2016 EUROPE: Euro 16:00
Belgium - Ireland
1
19:00
Iceland - Hungary
Over 2.5
22:00
Portugal - Austria
1
AFRICA: CAF Champions League 16:30
ZESCO - Al Ahly
2
18:30
ASEC Mimosas - Wydad
GG
AFRICA: CAF Confederations Cup 01:30
Kawkab Marrakech - Etoile Sahel
2
CHINA: Super League 10:00
Yanbian - Guangzhou Evergrande
2
14:35
Hebei - Tianjin Teda
1
KAZAKHSTAN: Premier League 12:00
Atyrau - Taraz
1
12:00
FC Astana - I. Pavlodar
1
12:00
Shakhtar Karagandy - Akzajyk Uralsk
X
SINGAPORE: S.League 15:00
Albirex Niigata - Home Utd
1
15:00
Geylang - Hougang
GG
THAILAND: Thai Premier League 14:00
BBCU - Chonburi
2
14:00
Chiangrai Utd - Sisaket
GG
15:00
Buriram - BEC Tero Sasana
1
15:00
Suphanburi - Bangkok Utd
2
16:00
Osotsapa - Ratchasima
1
Sunday June 19, 2016 EUROPE: Euro 22:00
Romania - Albania
1
22:00
Switzerland - France
2
AFRICA: CAF Champions League 00:15 18:00
ES Setif - Mamelodi Sundowns
GG
Enyimba - Zamalek
X2
AFRICA: CAF Confederations Cup 16:30
Mazembe - Medeama
1
Monday June 20, 2016 Europe - European Championship 22 : 00
Slovakia - England
GG
22 : 00
Russia - Wales
X
Super Saturday ticket
Super Sunday ticket
12:00
FC Astana - I. Pavlodar
1
22:00
Switzerland - France
1
15:00
Albirex Niigata - Home Utd
1
16:30
Mazembe - Medeama
1
13:00
Seoul - Suwon Bluewings
1
22:00
Corinthians - Botafogo RJ
1
22:30
Vasco - Paysandu PA
1
16:00
Jiangsu Suning - Chong. Lifan
1
22:00
Portugal - Austria
1
13:00
Infonet - Parnu Linnameesk
1
18:00
Ventspils - BFC Daugavpils
1
12:00
Aktobe - K. Almaty
2
edward ssekalo
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There are lots of favourites and pretenders you can’t rule out yet.