The Corporate League Magazine by SLICK REPUBLIC LIMITED

THE

AUGUST-DECEMBER 2017

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Parliamentarians boost Corporate League ratings Inside... pg 6

East Africa Corporate League Games a huge success

pg 24

9 marketing and business lessons from Trump & Kyagulanyi wins

Pictorial

Corporate GALA night - 2016

Editorial AUGUST-DECEMBER 2017

Welcome to the maiden issue of the corporate league magazine 2017. We are extremely excited to relay to you the happenings in the corporate league on glossy paper. What started as a dream by five visionary individuals several years ago has resulted in the growth of a league, which continues to capture the country’s imagination. Besides being the Uganda’s most financially significant sporting league that attracts advertisers and sponsors, it has continued to register an increase in participation, which is laudable. That the corporate league executive has intensified on the Corporate Social Responsibility (CSR) drive is laudable. The recent donations of maternity beds to Namasagali Health Centre III in Kamuli with MTN, portends well with the core initiative of why the corporate league was formed- bringing communities together through sport. In this must read issue we have introduced a new and enticing segment, the corporate news where we provide editorial support to companies participating in the corporate league by highlighting their most current news. We also look through the midterm reports in football, athletics, wood ball, basketball and other disciplines. How do we forget the annual corporate gala dinner! It is captured in full glow. Alex Balimwikungu The Corporate League | August - December 2017

CONTENTS 2 Letters 5 Chairman’s Word FEATURE

22 Pictorial

Corporate GALA night - 2016

Africa Corporate League 6 6East Games a huge success SPORTS Winners and Pre9 Contenders, tenders of 2017 projection for the year 15 Soccer 2017 boost Corpo18 Parliamentarians rate League ratings

19 Caught in the act!

Personal finance

Nile Breweries donates to Mu42 lago Nutrition Ward

26 | marketing and business lessons from Trump and Kyagulanyi wins

targets 2 million workers 44 NSSF with voluntary pension scheme

CORPORATE NEWS

Roofings hosts French investors

47 Stanbic sees economy growing Bank ready for Islamic 50 Tropical banking 1

Letters

Letters To the editor...

We are grateful for the CSR initiatives

Avoid vulgar comedians

ABIM – Many times when people are thinking about helping those in need, they concentrate on those in the city and other regions. It is rare that far places like Karamoja region are thought about. They only use us to show bad examples.

Dear editor, I really appreciate efforts by the corporate league executive to provide entertainment after games. Many times, we are treated to singers and comedians. Whereas I have no problems with the singers, (I personally liked the young musician who entertained with a piano at the July outing at the MUBS grounds). I have a problem with comedian Afande Kere Kere’s jokes. He sometimes gets vulgar and uses a lot of toilet jokes, which although funny, are not good for children. I have noticed some players come out with their children and have them around till late. This is a request that we use clean humour, which wouldn’t impact negatively on the future generation. Daphne, MTN Uganda

I am however very grateful that the Uganda Corporate League led by the good chairman, Richard Okot thought about us when they donated to Kiru Primary School in Abim district. If I am not mistaken, Abim is over 400 kilometres from Kampala but you endured the distance to try and make the lives of the pupils better. The items we received that include, 2000 pens, 2000 exercise books, 4000 pencils, 120 jerry cans, water harvest tanks, cement, paint and sh1.5m to construct a borehole at the school were put to good use and have gone great lengths in improving the life of the over 1200 pupils. I cannot thank each of you individually and let me use this platform to thank you all. God Bless you. Mary Akech, Abim

Encourage government parastatals to corporate league A healthy lifestyle is a myth in most government parastatals. Many employees seem to embark on a fattening spree as long as they get the fat salaries. As a result, you find them patronizing pork joints and bars celebrating the good life, which I think is wrong. I am writing this letter to commend the corporate companies and government parastatals like Uganda National Roads Authority (UNRA) and Electoral Commission for registering to participate in the corporate league. It is my first season but I am already enjoying the benefits of participating in healthy lifestyle activities. I believe that it is very significant that we, together, send out a message that organisations and companies are committed to fighting unhealthy lifestyle through corporate sporting activities. I don’t regret participating and my request is that many more companies encourage their employees to be part of the corporate league. Joseph, UNRA

Nakawa MP Michael Kabaziguruka enjoyed Kere Kere’s ribald jokes at the MUBS Grounds during the July outing.

Club Ambience is too far Dear editor, Work without play makes jack a dull boy, so goes an age old adage. In that same breath, I want to thank the corporate league for ensuring that the relaxation of members is taken care of in form of the corporate night. However unless you stay in the Bukesa or Nakulabye neighbourhood, you will find it hard to enjoy the corporate league night. Twice, in as many outings, I have been arrested by traffic police cops under the drink-driving swoops late in the night. There is no way I can go to enjoy in club and avoid enjoying my Nile Special! However, owing to the fines I have paid, I chose to stay away. Can you move the nights to a place like Guvnor or Ben Rich Lounge in Kisaasi? Nicholas, Ntinda

The Corporate League | August - December 2017

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Cover Photo

Corporate League Chairman Richard Okot ( third right) with Members of Parliament (left â&#x20AC;&#x201C; right) Hon. Allan Ssewanyana, Hatwib Katoto, Kato Lubwama, Muhammed Nsereko, Abas Agaba and Gaffa Mbwatekamwa at the Corporate League outing.

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The Corporate League | August - December 2017

Chairmanâ&#x20AC;&#x2122;s Word

Corporate league celebrates 15 years The Corporate League is the biggest and oldest voluntary, nongovernmental, non-profit oriented sports organisation that brings together various corporates in the country.

he Corporate League is the biggest and oldest voluntary, nongovernmental, non-profit oriented sports organisation that brings together various corporates in the country. Since being formed in 2002, the Corporate League has over the years, grown into a body with an enthusiastic membership of approximately 40 companies participating in its activities every year. The bodyâ&#x20AC;&#x2122;s main objective is bringing communities together through sports. And through the course of its activities, its members have been able to network, improve their physical fitness levels and promote company brands. Over the last 15 years, there has been tremendous progress. More than 140 Companies have participated in The Corporate League. More than 4,000 people attend Corporate League outing every last Sundays of the month. Many Companies have promoted their

brands during the 9 outings plus dinner in a very year. CEOs/MDs, General Managers and other top Company managers come together during family day/CEO Luncheon/Managers games. More than 15 Members of Parliament from different political parties participate in the Corporate League Games. Non-communicable diseases such as diabetes, heart disease, etc have been avoided through physical fitness as corporate participate in various games such as Football, Basketball, Volleyball, Netball, Woodball, Athletics, Swimming, Pool and Fun games. Annual Corporate Social Responsibility (CSR) activities with donations to Internally Displaced People camps in Gulu Northern Uganda, Reach Out Mbuya, School of the Deaf Ntinda and Cancer Institute Mulago Kampala, Health Centre III in Luwero, Kiru Primary School in Abim Karamoja, Namasagali Health Centre III in Kamuli Busoga Region, Genocide victims in Kigali Rwanda, etc

Corporate League Uganda Founded East African Corporate League (EACL) in 2016 and the 1st Edition was hosted by Rwanda. Corporate League Uganda successfully hosted the 2nd Edition of East African Corporate League in February, 2017. As we celebrate 15 years of existence, Corporate League will center on CSR, Corporate Run, Pullout in the New Vision and Souvenir magazine to capture the history and profiles of the 46 companies in the league. The Corporate League Executive works tirelessly to achieve the objectives of bringing communities together through sports with all stakeholders involved. Let us boldly use this base to build a more robust future for our people. This is the only way we can ensure that the torch lit by the Corporate League never goes out. Richard Okot, Chairman Corporate League, 0772-971209 / 0750-904478, Email: richard.okot@civicongroup.com

TEAM Magazine Coordinator Joseph Kwizera (0782 501 255/0755 339 947)

Designer/Layout Peter Mugeni Slick Republic limited

Writers/Contributors Alex B. Baite Samuel Sanya Joseph Kwizera

Photography Keneth Omony Mpalanyi Ssentongo

The Corporate League | August - December 2017

Disclaimer: No part of this publication may be reproduced in any material form (including Photocopying or storing in any medium by electronic means) without the permission of the Publisher.

FEature

East Africa Corporate League Games a huge success Final: Les Epaves 1-1 Mulindi | (Les Epaves won 5-4 on penalties)

nyone underestimating the scale of the corporate league executive’s organizational achievement should have spent the two days of February 25-26 at the Phillip Omondi Stadium during the East Africa Corporate League games in February.

The speaker of parliament Rebecca Kadaga who was chief guest as the two day event came to a conclusion hailed it as a good initiative. She joked that it had been so successful; Uganda should host the event every year.

Following the high standards set by Rwanda in 2015 when they hosted games, some predicted that failure would be on an epic scale. It was so bad that there was talk of ‘Plan B’ should Uganda fail.

“When it comes to the integration of East African people, this is a very good initiative because government efforts will not succeed if the people are not united,” said Kadaga in her remarks at the end of the affair that was claimed by DRC’s Les Epaves.

As it was, Chairman Richard Okot and his executive worked tirelessly, the good results were there for all to see. 6

They beat Rwanda’s Mulindi 5-4 in a penalty shootout after the final ended in a 1-1 draw

after regulation time. It was 90 minutes of grit, sweat and end to end action. To think that all the players were above 35 was shocking. They played with purpose. When DRC’s Les Epaves captain sunk in the winning penalty, it was a sea of ecstatic people. In all honesty, they merited it and most fans rallied behind them following their slick display and showboating. The tournament featured six teams from three countries instead of the 10 that had been initially targeted. This came after Kenya, Tanzania and Burundi pulled out of the tournament at the last minute. Uganda’s Nile finished third after walloping compatriots Victoria 4-0. The Corporate League | August - December 2017

FEature

Pride Smart Savings Unlimited access to your savings “Bringing communities together through sports for peace, healthy life, tourism development” was the theme for this year’s corporate league. The tournament gave us a chance to bridge the gap between Ugandan business entrepreneurs and those from the Diaspora,” Okot revealed. Boaz Nabimanya, the head of discipline at the Corporate League was also impressed by the level of discipline and maturity exhibited. “Being corporate, we expected a maximum level of discipline throughout the event and we are pleased that there were no major hiccups,” he revealed. According to Nabimanya, the rules stipulated that only players above 35 years of age were eligible to play. Although the rules were later abridged to include two (2) players above 30 years for the seven aside game, the rules were followed to the dot. The third edition of the East Africa Corporate League Games will be held in Mwanza, Tanzania. The Corporate League | August - December 2017

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Sports

Contenders, Winners and Pretenders of 2017 Mid-term report (Football): Who are the 2017 contenders?

t the kick off of the new 2017 season, at the Mandela National Stadium team managers talked big. For starters, there were 46 companies with managers promising to deliver their teams to the Holy Grail. Fast forward. With the league literary at the half way stage, it is evident that some managers would want to hide in shame or apologize for their outlandish expectations. With 20 games having been played so far, (as of July 2), we took time off to assess which team is headed for the perfect prize, which team looks like they may be dropping down a class and the surprise packages of the season.

Disappointments When you think of last seasonâ&#x20AC;&#x2122;s overall winners in football dfcu Bank, the term one-hit wonder comes to mind. We loved them last season. They turned around unannounced and with the rest of the corporate league unprepared. They had a transcending effect so much so that before anyone realized, they dislodged firm favourites Cipla Quality Chemicals and Hotel Africana for the top slot. In Allan Nsubuga (29 goals), dfcu had a free scoring machine who was assisted by former international Ronald Apangu. The team then played a game of their lives and had a trophy winning impact. Whereas last seasonâ&#x20AC;&#x2122;s contenders Cipla The Corporate League | August - December 2017

To close to call: There have been crazy skills, blistering strikes and shock results results

Quality Chemicals (currently top with 53 points) and Hotel Africana in 5th on 47 points

have a shout, dfcu can only talk of their exploits in past tense. 9

Sports dfcu are a distant 19th on the grid. Out of 19 games, they have only won 9, drawn five and lost five and only a miracle can see them scale the heights of last season. They are not alone. Vision Group have always been the nearly men of the corporate league. Even though they have never won it, since inception, they have been guaranteed a top 10 finish. As it stands, the team that comprises of youthful faces will be lucky to finish in the top 20. The team has won just 5 of their 20 games and have a negative goal tally. During the last outing at the Makerere University Business School (MUBS) Grounds, they lost all five games. We have since learnt that internal squabbles threaten to ruin the once solid team.

Like we earlier noted, managers of the debutant corporate companies talked most. In no particular order, the managers of Pepsi, Electoral Commission, Ndejje University, Uganda National Roads Authority, Total E&P, Parliament of Uganda, Entrepreneurs’ Financial Centre, Uganda Health Marketing Group, Kwese TV and Movit talked big. However the tables don’t lie. It has been a rude awakening for most of the new entrants. They are mired in the lower echelons of the table, and if the corporate league was run on a promotion/ relegation format, we would be saying bye to most of them next

season. Pepsi is the highest mover in 18th position with 42 points. Too many drawn games have been their undoing. They have drawn a record 8 games and lost only four. They might need to purchase new scoring boots. Total E & P are not far behind in 23rd position with 38 points. Ndejje University and Entrepreneurs’ Financial Centre, continue to blow hot and cold. If the efficiency with which the Electoral Commission tallied results was applied on the pitch, they would be a force to reckon with. Sadly, they are the biggest disappointment of the debutants.

“There is a lot of quarreling on the team. The earlier we put the house in order, the better it will be for us,” a Vision Group player told the magazine. What went wrong is the rhetoric question that greets the performances of former giants KCCA, Nile Breweries and National Water. That they occupy the last three slots is worrying.

Beacon of hope It isn’t yet cast in stone but we can say that dfcu will not have a shout this year. It is the perennial contenders, Cipla Quality Chemicals, Coca-Cola, Stanbic Bank, Centenary Bank, Hotel Africana, Uganda Revenue Authority, Airtel and Roofings Ltd, with realistic chances. These are separated by seven points although Cipla, Africana and Coca-Cola have superior goal difference. This race is turning out so close; the feeling is that the eventual victor will win on account of discipline since yellow cards and red cards see points deduction. However, Hotel Africana has won the fans over with the slick display on the pitch coupled by their vociferous fans. Their games attract most attention at all outings.

Debutants with biggest impact 10

The Corporate League | August - December 2017

Sports

Basketball: URA bullied off Basketball court In previous seasons, basketball was one of the most ignored sports. There were many walk overs. Even for the teams that participated, crisis was part of their game plan.

competitiveness has gone up,” notes Edward Ssendi, a basketball umpire at the games. He also reveals that many more members have gotten a chance to learn about the game which is a good thing. “When you open up new doors for your employees to learn a new game like basketball, it helps to improve morale and strengthen loyalty to the company. I am impressed by the many new faces and the quality of basketball being played on court,” Ssendi explains.

Unlike the previous seasons, this time round teams that qualified for the quarter finals will play in a mini-league format rather than a knock out. The teams that have qualified for the mini league include, Hotel Africana, KCCA, Spear Motors, dfcu, MTN, ISO BPO, UNRA, Coca Cola, Civicon, Tropical Bank, Cipla Quality Chemicals, Graphics Systems, Orient Bank and Centenary Bank. Will it be second time lucky for Centenary Bank? Your guess is as good as ours.

Even though URA’s Charles Male managed a dunk against Airtel, they lost to less fancied Coca-Cola

ielding inept players just to rake up the required numbers and having inappropriately dressed players on court was common. With this half-hearted approach, better prepared teams, notably Uganda Revenue Authority (URA) ruled the roost. It went on for several seasons. However the last time URA bullied opponents off the court was in 2015 at GEMS Cambridge International School in Butabika, Luzira when they defeated dfcu by 28 to 8 points. By then, their talismanic players Arthur Mugabi (Kobe Bryant) and Hennery Baguma (Steph Curry) played a tremendous role, which saw the tax men retain the trophy for the fourth consecutive time. Word within their camp now is,

‘what went wrong’? Last year, (2016), Centenary Bank defeated them in the finals. Even though they have a talismanic player in Charles Male this season, the tax men will not go very far even after sweeping past Airtel 12-3 points in the qualifying rounds. The tax men couldn’t believe their ill-luck when they were bullied off the basketball court by less fancied Coca-Cola. Although there were still some walk overs this season, on the positive side corporates have risen to the physical challenges of the game. On the showing of this season, corporate league basketball has evolved and become a game that demands the very best from whoever plays it. “There is no room for mediocrity and the

The Corporate League | August - December 2017

Sports

Pool: NSSF pots black ball first Following two outings of intense competition, the corporate league pool tournament produced a new winner. If pool was restricted to men only, bankers Centenary Bank would have whistled all the way to the podium during the annual dinner gala. However, it encompasses both men and women. That’s exactly how tables turned.

otable however was the fact that that previous year’s winners National Social Security Fund (NSSF) were a no show near the medal brackets as they were trounced in both the male and female categories. This prompted jokes that they potted the black ball at the commencement of the game. The excitement of Centenary Bank fans was short-lived after Ronald Semakula swept all in his wake to emerge victor. He overcame Spear Motors’ Rogers Tumwesigye by straight games (2-0) much to the glee of the fans. It was equal back and forth action as Jessy Ntege of Coca Cola defeated Hotel Africana’s player to emerge third. The game went to a decider.

Movit’s player was the most cheered but she never went far

Unlike previous years, where pool was concluded in one outing, it was pushed this time round. According to Thomas Muruka, the corporate league publicity secretary and pool co-ordinator, there were some hiccups that entailed that the women pool category was pushed to the next outing. When it happened, Centenary Bank fans wished for the ground to swallow them. Their female representative managed a measly 3 points. The eventual winner, Hotel Africana’s Proscovia Kyabikunda trounced Priscilla Namara of Roofings Limited in the finals at the Makerere University Business School. “We can retain the overall title if we continue winning when it was least expected,” James Baker the Hotel Africana Human Resource Manager exclaimed after their sweet victory in the female category Civicon emerged third in the female category after defeating Uganda Health Marketing 12

Eyes on the Prize: Hotel Africana and Centenary Bank took top slots

Group (UHMG). When it came to tallying both the male and female results from pool, tables turned. Hotel Africana emerged top overall with 13 points while Centenary Bank was relegated

to second position with 11 points. Coca-Cola completed the medal brackets with 9 points closely edging out Roofings. NSSF managed a measly 5 points ending up in 13th position. It is certainly back to the drawing board for them. The Corporate League | August - December 2017

Sports

Athletics: Can DFCU defend title? Once upon a time, Civicon were the undisputed kings of the track. They had an eclectic mix of strong and fit athletes both male and female, these supported each other. They usually won on account of collated results.

hen they were dislodged last year, from nowhere, dfcu rained in on their parade. The bankers swept all before them, relegating Spedag Interfreight to second position and KCCA to third. As of the July outing, athletes from the different corporate companies had qualified for the final stage. They participated in the 100 meters men and women, 200 meters men and women plus exciting relays. As it stands, there is likely to be a new winner this year round as dfcu has blown hot and cold. They have a shout in the

There was sheer power and grit as companies struggled for qualification

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Fiduga MD, State minister for Trade and Director UFZA inspect Fidugaâ&#x20AC;&#x2122;s flower trial green house before awarding the company with the Uganda Free Zones Authority developerâ&#x20AC;&#x2122;s license.

Fiduga limited has proudly taken a trend to promote ladies football with two ladies football teams.

The Corporate League | August - December 2017

Sports women 100 meters and 200 meters men and women but face stronger opposition with better times. Could they have become busy after their bank took over operations at the embattled Crane Bank? That is hardly an excuse. Of last year’s top three corporates in athletics, KCCA is the likeliest to make a comeback.

The exciting relays will have athletics powerhouse Ndejje University sweat it out with Uganda Breweries for the likely gold medal. If both teams replicate their form going into the semi-finals, they are likely to leave other competitors in

clouds of dust. Ndejje University posted a time of 52:87 seconds. They were closely followed by Uganda Breweries 53:28 seconds and Roofings Rolling Mills with 54:56 seconds.

In the men’s 100 meters semi-finals (men), KCCA is vying with athletes from Tropical Bank, Hotel Africana, Ison BPO, Airtel, Coca Cola , SCD Darling and Cipla Quality Chemicals in group one. The second pool has KCB bank, Ndejje University, Fiduga, Letshego, Graphic Systems, UHMG, UBL and Spear Motors. The athlete to watch out for is from Tropical Bank. He posted a respectable 12:75 seconds in the semi-finals. In the women’s category, KCCA, Civicon and dfcu still have participants who will vie against those from Hotel Africana, Airtel, Royal Van Zanten, Centenary Bank, Stanbic Bank, Fiduga among others. The Graphics systems athlete posted the best qualifying time of 15:47 seconds. It is the same familiar faces in the men’s 200 meters with Roofings Rolling Mills, Uganda Breweries, Tropical Bank, and Centenary Bank the most fancied. The latter’s representative posted an impressive 25:44 seconds in qualifying for the finals. The current world record in that distance is 19.19 seconds and was set by was set by Usain Bolt at the 2009 World Championships. In the women’s 200 meters, DFCU Bank still has a shout. Their athlete qualified with the best time of 37:80 seconds. It was only bettered by CAA with 37:72 seconds and Pride Micro Finance with 37:01 seconds.

The Corporate League | August - December 2017

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Sports

Golden shoe: Has Africana’s Muhabuzi blown it? Over the past few seasons, it was a given that Hotel Africana’s Felix Muhabuzi was an odds-on favourite to win the golden boot. Last season, the former Lukuli FC player was joint top scorer with 29 goals alongside dfcu’s Allan Nsubuga. This season is different.

lose observers to the happenings on the pitch are no longer asking whether anyone can prevent Muhabuzi from winning the prestigious award for the umpteenth time. Many are asking, what went wrong? For a player who scored six goals in one outing last season, Muhabuzi has tailed off in the first quarter of this season. Although injury free, he has suffered a major dip of form managing just six goals in 20 games. It is so bad, he last scored in the May outing. A Hotel Africana fan who is particularly disappointed by Muhabuzi’s goal tally puts it down to the player’s show boating. After winning it all, Muhabuzi has arrived. He acts like a star, plays like a star and seems to be more concerned about the symmetrical lines running in his Mohawk than to contribute to the game. “At his best he was the kind of player anyone would like to have on the team. Then things changed for him this season. If I were the coach, I would substitute him until he gets his act back together,” the male fan identified as Abbas says. Previously, it was almost unheard for him to go a game without scoring off those free flowing moves. Now, he looks like a player who has no confidence in his technique, he rarely scores even in training. While Muhabuzi and his podium mate Allan Nsubuga have gone missing this season, there are new pretenders to the throne. Centenary Bank’s Vincent Bukenya has his eyes firmly set on the golden boot. He

Felix Muhabuzi has been accused of losing focus this season,

is plundering in the goals for fun. He has scored15 goals in five outings. It isn’t just the goals, but he scores them with such aplomb. He notably scored five goals in April and another five in May. If he keeps his scoring boots on, he will effectively seal the golden boot with a few more games to spare. Coca Cola’s Robert Mukasa still holds the record for most goals notched in an outing. He scored six in the April outing, which hoisted him to second overall on the standings. He has 11 goals. Close on his heels is Civil Aviation Authority’s Stephen Sserubiri with 10 goals to complete the list of players in double figures.

Perhaps, it is foolhardy to blame Muhabuzi, a steward at Hotel Africana for the dip of form. He is tired of winning, if his previous stats are anything to go by. He has scored close to 150 goals, since he started winning the gong in 2011. Last year, he scored 29, which were two short of the 31 he scored in 2015. His best return of goals was in 2011 when he scored 35 but memorably capped it with a winner against arch-enemies Roofings. If the organizers increase the prize money for the winner from sh200, 000, which he was always won, maybe he will think of scoring again.

The Corporate League | August - December 2017

Sports

Wood ball: No change as Hotel Africana retain trophy When the Wood ball Federation’s (UWbF) partnered the corporate league to grow the game of the mallet and gate in 2015, there was a fear that the game wouldn’t attract enough enthusiasm, let alone garner participants.

owever, three seasons on and the partnership of the UWbF and the corporate league seems to be growing stronger and producing aces who are capable of representing the country. Some corporate companies have since joined the national league.

Whereas there have been strides in coming to grasps with wood ball, it was disheartening that close to 15 corporate companies never bagged even single point as they never fielded

players or fielded those who are inept. Even then, posterity promises more as teams come to grips with the game that involves mallets and gates.

The indulgent game has grown in stature; the game has earned superlatives from among others, Richard Okot the chairperson of the Corporate League. “Woodball is one of the most organised sports in the country. This is a sport that does not discriminate and corporates love it to bits,” he recently said. Recently, a number of corporates participated in the 3rd Corporate Wood ball circuit in Entebbe that attracted participants from 13 clubs. These included Centenary Bank, Cipla Quality Chemicals Industries and Vision Group, which played with established clubs like Bank of Uganda, Botladz Woodball Club, Buganda Land Board, Kisubi Corporate Woodball Club, Ndejje Corporate Woodball Club, Proway Woodball Club, Reigners Woodball Club, St. Mark’s College Namagoma, and Stroke Woodball Club among others. Even with the experience they gathered from outside, the form book never changed much. Hotel Africana shone this year and won the wood ball tourney with 46 points retaining the overall gong they won last year. Closely behind them was Cipla Quality Chemicals, who were the first runners up in 2016. However, Ndejje University dislodged last year’s 2nd runners up Spear Motors who managed a distant 6th position with 41 points. The Corporate League | August - December 2017

Sports

Hon. Allan Ssewanyana, Kato Lubwama, Gaffa Mbwatekamwa (Top Right) and Muhammed Nsereko (Bottom Right) at the second Corporate League outing at Kyambogo University in Kampala.

Parliamentarians boost Corporate League ratings The corporate league’s aim of bringing communities together for networking, physical fitness and promoting company brands was brought to fruition at Kyambogo when up to six members of the Uganda parliament sports team took part in the April outing.

he side captained by Makindye West Member of Parliament (MP), Allan Ssewanyana, put up a sterling individual display but failed as a unit. Ssewanyana and Kampala MP, Muhammed Nsereko resorted to showboating and although they were individually brilliant, they faced a tough opposition. The team also comprised Hatwib Katoto, Kato Lubwama, Abbas Agaba and Gaffa Mbwatekamwa. They lost three games against Standard Chartered Bank, DFCU bank and Fiduga and managed two points by drawing with Enterprise Financial Centre (EFC) and Spear Motors Despite the poor show of the MPs, Corporate League Chairman, Richard Okot was among the many that were thrilled by the harmony brought by the legislators on the pitch. “Having over five MPs wake up during the early Sunday drizzle to represent their team was very remarkable and special. They put 18

on a united front and played as parliament of Uganda and yet they belong to different parties. Such is the spirit of the corporate league in unifying people,” Okot revealed. Okot reiterated that the feat was not a one-off, as more MPs are likely to be encouraged by their fellow legislator’s participation. “They will be participating in other disciplines like golf and swimming. They also have female MPs who will participate in netball and basketball as well,” Okot promised. The second outing was also fruitful for promoting most brands as one of the aims of participating in the corporate league. Movit took advantage and gave the legislators free hampers after their match. They might have lost at the corporate league but the Uganda Parliament sports team are indomitable among peers. They are the champions of the East African Inter-Parliamentary Games after victories in football, netball and several individual golds in

athletics at the 7th edition of the games held in December 2016. In football the legislators defeated Burundi in the final 8-7 on penalties after a goalless draw while in netball Uganda retained the trophy with a 38- 29 victory over Tanzania. The tournament brought together Parliament teams from Uganda, Burundi, Rwanda, Tanzania, EALA and hosts Kenya. Uganda Parliament walked away from the games with seven trophies and several individual awards. Maureen Osoru emerged best female athlete after winning gold in 100m, 200m,400m and 800m. MPs Julius Acon, Francis Zaake and Gafa Mbwatekamwa got athletics silvers. MP Babirye Kityo emerged the tournament’s top scorer in netball, Sarah Najjuma best midfielder while Kampala Central MP Muhammad Nsereko scooped the football golden boot. Captain Evelyn Asiimwe got gold in golf. The Corporate League | August - December 2017

Caught in the act!

Sports

As action took centre stage, our lens men were active snapping away. They captured some award winning shots, which tell a unique story. Ooooops, you were caught in the act.

The Corporate League | August - December 2017

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The Electoral Commission Our Mandate

The Electoral Commission is established under Article 60 of the 1995 Constitution of the Republic of Uganda, and is mandated under Article 61 of the 1995 Constitution of the Republic of Uganda (as amended) to organize, conduct and supervise elections and referenda in accordance with the Constitution.

Our Mission

Our mission is “to efficiently organize, conduct and supervise regular, free, fair and transparent elections and referenda to enhance democracy and good governance,” and it reflects the Commission’s basic mandate provided for in the 1995 Constitution (as amended).

Our Vision

The vision of the Electoral Commission is to

become “a model institution and centre of excellence in election management.”

■■ Service Orientation

In the execution of its mission and to help realize the vision, the Commission is guided by the following principles, which are also in line with international accepted guidelines:

The Electoral Commission is proud to be associated with the Corporate League. At the Commission, we value sports and games as prominent avenues for bringing and bonding communities together. We note that organisational sports and games greatly enhance team spirit and build mutual respect among staff. Sport participants are generally successful in their work because they have higher energy levels, are more motivated and it improves relationships between colleagues, and organisations across sectors. Hence, on top of benefits to the body and mind, sports and games can go a long way in building and improving the image of institutions.

■■ ■■ ■■ ■■

The Commission is committed to promoting healthy lifestyle and profitable networking through corporate sporting and corporate social responsibility activities.

The Commission seeks to be an exemplary Electoral Management Body performing its functions with a high degree of excellence. As the primary guarantor of the integrity of the electoral process, we bear direct responsibility of ensuring the credibility of elections.

Guiding Principles

Independence and Impartiality Professionalism, Competence and Efficiency Integrity and Accountability Transparency and Inclusiveness, and

Plot 55 Jinja Road, Kampala ,Uganda |P.O.Box 22678, Kampala, Uganda Email: inquiries: info@ec.or.ug/ Secretariate: secretary@ec.or.ug/ Public Relations: pr@ec.or.ug Tel: 0414-337500, 0312-262208/9/10/11 | Fax: 0414-337595, 0312-262207 | Toll Free Line: 0800200071

Our clean water is very Aﬀordable

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A 20 litre jerrycan costs as low as Ugx 25

The NWSC tariﬀ is pro-poor and guarantees equitable access. It enables the poor get the same level of service. The removal of the new connec�on fee for all new applicants is aimed at increasing access in line with the NWSC water for all programme.

A comparison between the cost of one 20 ltr jerrycan of water, and other basic goods

Public Tap (poor)

Consumer category UGX/m3 VAT Inclusive Public standpipe at UGX 1060 per m3

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Commercial 500-1500m3/month at UGX 4102 per m3 Commercial>1500m3/month at UGX 3278per m3 Plot 39 Jinja Road, P.O.BOX.7053 Kampala. Tel:+256-313315100/1. email:info@nwsc.co.ug. www.nwsc.co.ug

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WATER THEFT An illegal water connection will cost you more than UGX 25.

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@nwscug Na�onal Water & Sewerage Corpora�on nwscug

Na�onal Water & Sewerage Corporation

Cost per 20ltr jerrycan VAT inclusive UGX

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Mineral water UGX 1000

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UGX 10,000

400 Jerrycans of NWSC water

Bo�le of beer UGX 3000

120 Jerrycans of NWSC water

Bunch of Matooke UGX 20,000

800 Jerrycans of NWSC water

Mineral water UGX 1000

1Kg of beef UGX 10,000 Bo�le of beer UGX 3000 Bunch of Matooke UGX 20,000

Domes�c 13 Jerrycans of NWSC water

128 Jerrycans of NWSC water

38 Jerrycans of NWSC water 257 Jerrycans of NWSC water

Na�onal Water & Sewerage Corpora�on

The Corporate League | August - December 2017

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UGANDA ELECTRICITY TRANSMISSION COMPANY LIMITED Notice against Wayleaves encroachment

form of permanent and semi-permanent structures, kiosks, garbage heaps, brick laying, soil excavations/grading, dumping, and planting of vegetation which compromises the clearance of the conductors. The most encroached on transmission line areas are those in urban and trading centres. The picture shows structural encroachment under the High Power Voltage Line The company would like inform the general public that encroaching within the High Voltage Power line wayleaves corridor poses serious risks which include the following • Disrupts operations and maintenance works of UETCL technical teams • Is dangerous to personal safety and could lead to loss or damage of property if a line breaks. • Structures block access to power lines which delays repairs and also leads to loss of precious time(outage time) • It also leads to delays in the restoration of supply of power during emergencies which would impact on the national economy.

Uganda Electricity Transmission Company Limited (UETCL) is licenced to own and operate the High Voltage Transmission Grid (HVTG) above 33kV, coordinate the power supply system to achieve balance between supply and demand, dispatch generation facilities, buy and sale power in bulk as a single buyer and export & import power persuant to the agreed terms with the neighbouring countries. To achieve the above licences, UETCL transmits power using high voltage line passing through the wayleaves corridor to the primary substations from where it is stepped down to lower voltages for power distribution.

A wayleave is an easement consisting of permission to cross land or of a right-of-way across land. UETCL wayleave corridor is a particular radius from the centre of the high voltage transmission power line that is supposed to be clear of any activity whatsoever, to ensure safety of life and property. It also gives access for routine maintenance works on the line. This corridor measures 7 metres, 15 metres, 20 metres, 30 metres on either side from the centre of the power lines for 66kV, 132kV, 220kv and 400kV transmission lines respectively.

The public is hereby informed that encroachment on the high voltage wayleaves corridor is a criminal offence. Section 87 of the Electricity Act of 1999, Chapter 145 of the laws of Uganda, states “it is illegal to engage in any activity under or within the wayleaves corridor high voltage power installations. No any person is supposed undertake works in the vicinity of any electrical installation in a manner likely to interfere with any installation without permission of UETCL. UETCL is in the process of demolishing all structures and all other illegal activities that are within its wayleaves corridor and to demarcate all the corridors with mark stone to avoid further encroachments. UETCL calls upon all those planning any development(s) near or within the High Voltage Power Line to ﬁrst seek for reliable information and advice from UETCL ofﬁces located at plot 10 Hannington Road, Nakasero. or contact on telephone +256- 414 233433/4, +256- 417 80 2000, +256 314 80 2000, Fax: +256- 414 341789, Email: transco@uetcl. com, Web: www.uetcl.com

UETCL has experienced an increase in the number of encroachments along its high voltage wayleaves corridors in

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Spedag Interfreight Uganda Ltd. Plot 284, Nakawa Industrial Area P.O. Box 4555 Kampala / Uganda +256 414 562 000 www.spedaginterfreight.com 21

Corporate Gala Night 2016

Pictorial

Oh what a

dinner!

The curtain on last season’s corporate league was brought down in some fine style. After a gruelling nine months on the pitch, it was time to loosen up at the annual dinner and awards night held at Hotel Africana.

Civil Aviation authority gets their trophy for being the most supportive Company from Hon. Kadaga

t the end of it all many in attendance agreed that it was an amazing night. The chief guest Hon Rebecca Alitwala Kadaga, the speaker of parliament was blown away by the organization, she mentioned it in her speech. From stage, sound, screens, lighting and table decorations everything was on point and it set the mood for a beautiful atmosphere for the event. The food was exquisite and there were various menu options. The organizers went one better when they let the guests feed before the long speeches and award ceremony, which went well past midnight.

Hon. Kadaga arrives, at the Dinner.

Previously, the word “black tie’ which was the dress code for the dinner struck fear among most would be guests. Some often stayed away while others flaunted the dress code and stood out like a sore thumb. Lately, it elicits excitement. Corporates have now embraced it and use the opportunity to dress up. It is not a prerequisite for the men alone. Where most men dressed the part, turning up in dapper suits, the ladies were on point. Cocktail dresses most of which were not too short lit up the Nile Hall at Hotel Africana. There were performances too. No disrespect but singer Fille Mutoni looked like a downgrade for such an event. She is better off singing at Kadanke and teen events where revellers prance like hyper-active kangaroos. There was the female performer from Northern Uganda who performed at the invitation of the chairman. Even though it was hard to figure out what she was singing about, she put her heart and soul into her performance. We want Afrigo Band this year. 22

UETCL, Volleyball 2nd runners up,

CIVICON, 1st runners up swimming. The Corporate League | August - December 2017

Hote

Corporate Gala Night 2016

SCD DARLING, Netball 2nd runners up

Letshego, Best new comers.

Centenary Bank, Volleyball winners trophy

U.E.T.C.L, smartest team

Hotel Africana, the overall winners had a reason to be cheerful

el Africana, winners swimming. The Corporate League | August - December 2017

NSSF, 2nd runners up Basketball.

Dinner and performances done with, it was a time to award the befitting winners. Hotel Africana was the overall winner for 2016 and boy did they make a meal out of it. They all dressed in chef hats and made it to the stage amid a din which was punctuated by drumming, ululating and dancing. They won the title still in 2015. Would they repeat the feat this year? It is still early days. Other notable winners were Letshego, which won the award of the best new comer while Pride Microfinance was the most disciplined team. At the individual level, Hotel Africana’s Felix Muhabuzi and dfcu’s Allan Nsubuga tied for top scorer’s gong, while Stella Nassuna was the top female scorer with 16 goals. Centenary bank’s Gildas Mwebaze was voted the best goal keeper. 23

Corporate Gala Night 2016

DFCU Bamk, Athletics winners trophy.

Pride Micro Finance, First runners-up Pool.

Vision Group, 2nd runners up trophy in swimming.

Hotel Africana, Netball 1st runners up received their trophy from Susan Nsibirwa.

U.E.T.C.L receiving the

NSSF, Winners Pool.

Spear Motors, 2nd Runners-up Woodball. 24

Joint top scorers men Felix Mubangizi (with a neck tie) and Allan Nsubuga

Brendah Namala, Be player

The Corporate League | August - December 2017

Corporate Gala Night 2016

Corporate league awards dinner served

Above: Corporate league awards dinner served.

Right: Toto Etino from Lira performs during the Corporate League Awards Dinner.

Speeches by Chairman Okot and Speaker Kadaga during the Corporate league awards dinner

smartest team trophy from Hon. Rebeca Kadaga

est Female

Philly Mutoni entertaining guests.

Stella Nasuuna, female top scorer Pride Microfinance, most displined team. The Corporate League | August - December 2017

Personal finance

marketing and business lessons from Trump and Kyagulanyi wins Until recently he was the kind of man many mothers would dread for a son in law. The self-styled ghetto president or president of Uganja if you may. Often, it is the image of his brown dread locks, and puffs of white smoke from a lit stick of marijuana that come to mind when one mentions the name ‘Bobi Wine’ aka ‘the lady’s wine.’ Well, not any more. Robert Kyagulanyi Ssentamu, the dance hall artist cum politician is now the new Member of Parliament (MP) for Kyadondo East. In a Trumpesque way, Ssentamu beat the odds. Many thought that the real competition was between NRM and FDC heavy weights William Sitenda Sebalu and Apollo Kantinti respectively, but lo and behold, the impossible became possible.

The Corporate League | August - December 2017

sentamu’s victory may be a surprise—but not to astute marketers and keen business minds. Here are nine important lessons from Ssentamu’s historic win;

Lesson 1: Give consumers a job The best marketing campaigns always call on consumers to do something. For example, Nike insists that you “Just Do It.” The most successful brands also allow their consumers to co-create brand meaning. In the US, Trump’s “Let’s Make America Great Again” is an inclusive call to arms with a powerful goal that each voter can interpret for himself. It embraces passion and purpose. It was much better than Clinton’s “Stronger Together” which is also inclusive but it evokes process where the desired outcome is much less clear. Good marketers know that, if you don’t position your brand clearly, your competitors will do it for you.

Personal finance embrace of diversity on its head to invoke the “Forgotten Man,” – such as the evangelicals. In Kampala, Ssentamu met the locals at their homes in the ghetto’s to enlist their support. Good marketers always know how to balance new customer acquisition with customer retention.

Lesson 4: Sizzle beats steak Clinton was always going to beat Trump on the steak of experience and policy knowledge. A new brand can’t afford to get lost in the policy weeds. Hence, Trump’s campaign persona and his contract with the American voter offered more sizzle. Painted in broad brush

Lesson 5: Build enthusiasm Good marketers know the power of word-of-mouth recommendations. In the era of social media, better organization (the old ground war) and outspending on television advertising (the air war) weren’t enough for Clinton.

THE PROFESSIONAL PICKUP

Lesson 2: Show the past as prologue. Offering consumers the adventure of voting for an uncertain future never works with the majority, especially if your brand is new to the game. Ssentamu, the political neophyte, won by recalling a better yesterday and promising to recreate it as the better tomorrow. In his victory speech, Ssentamu said: “The resounding victory is testament that the people of Kyadondo, and indeed the people of Uganda are ready for a new kind of leadership- a leadership which truly represents them.” The word “new”, much like the work “Again” used by Trump is not accidental. Remember the famous Kellogg’s Corn Flakes campaign to recover lost consumers: “Try Us Again for the First Time.”

strokes, the contract emphasizes goals and outcomes, and is light on policy and implementation details. Of course, having begun many a sentence with the words “A Trump administration will...” he now has to deliver the steak. Will Brand Trump deliver on its promises? If not, the consumer won’t repurchase a few years from now.

Driving you into the Future

0783 614 601 0753 614 601

Lesson 3: Pursue forgotten consumers Most financial firms chase the same high net worth prospects, ignoring or at best taking for granted millions of modestly prosperous people. Trump turned the Democrats’ commendable The Corporate League | August - December 2017

0414 285551 0392 222696/7 instagram.com/spearmotorsltd twitter.com/spearmotors facebook.com/spearmotors sales@spearmotors.co.ug www.spearmotors.co.ug

Personal finance Trump’s determination and stamina— five speeches a day—and the size of his crowds impressed ordinary voters watching on television much more than Clinton’s barrage of paid ads. The pundits questioned whether enthusiasm would convert into votes. Good marketers know that brand enthusiasm rings the cash register. It did for Trump, but not for Clinton.

Lesson 6: Close the sale Political marketing requires you win a plurality of votes not every day but on a single day once in four years. Timing is everything. Trump learned what worked and what didn’t work as the campaign progressed.

in a more vulnerable position. There are several investing takeaways here, diversification once again being one of the key lessons. Diversification across a portfolio is able to decrease volatility without decreasing expected returns, a beautiful thing.

Lesson 9: Don’t count out the underdog Though simplistic-sounding, the concept of reversion to the mean is arguably one of the most important concepts in all of investing. The idea is that stocks, sectors

or assets that underperform compared to their long-term historic averages will “mean-revert,” or eventually go through a period of short-term outperformance to bring them back in line with long-term averages. Whether politics or investing, it is imperative to do your own research and develop your own opinion. Many times the underdog stock, sectors and mutual funds today become leaders over the next year while the frontrunners end up in the back of the pack.

He refined his message, suppressed the ad hominem insults, and peaked at the right time, confounding the pollsters and media pundits. He confidently asserted “we are going to win” this state, “we’re leading in” that state. Consumers not only want to back a winner, they want to back a brand that sees itself as a winner. And they want to back a brand that other people similar to themselves see as a winner. That’s when a brand becomes a movement.

Lesson 7: Expect the unexpected No one sees the future with 100 percent clarity. Hell, meteorologists struggle just to forecast the weather a few days out. In investing, as in politics, the same holds true. Just as soon as you think you have it figured out, prepare yourself for some hard losses.

Lesson 8: Risk management is absolutely essential With Clinton as the known risk and Trump as the uncertain uncertainty, Trump’s win suggests that the market dislikes uncertainty less than it dislikes risk. When estimating expected downside risk, candidates like Clinton with a long political record are almost always 28

The Corporate League | August - December 2017

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The Corporate League | August - December 2017

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Uganda National Roads Authority

Toll Roads: Understanding a new phenomenon on Ugandan roads A toll road, also known as a turnpike or toll-way, is a public or private roadway for which a fee (or toll) is assessed for passage. It is a form of road pricing typically implemented to help recoup the cost of road construction and maintenance.

any modern toll-ways around the world charge fees for motor vehicles exclusively. The amount of the toll usually varies by vehicle type, weight, or number of axles, with freight trucks often charged higher rates than cars. Tolls are collected at points known as toll booths, toll houses, plazas, stations, toll bars, or gates. Some toll collection points are unmanned and the user deposits money in a machine which opens the gate once the correct toll has been paid. To cut costs and minimize time delay many tolls today are collected by some form of automatic or electronic toll collection equipment which communicates electronically with a toll payer’s transponder. Criticisms of toll roads include the time taken to stop and pay the toll, and the cost of the toll booth operators—up to about one third of revenue in some cases. Automated toll paying systems help minimize both of these. Others object to paying “twice” for the same road i.e. in fuel taxes and with tolls.

(51kms) and the Kampala – Jinja Expressway (KJE) (77kms) are the two new projects that have been earmarked as toll roads. KEE is slated for completion May 2018 and will be the inaugural toll project for UNRA.

In Uganda, the advent of road tolls is not a totally new thing. In yester years, the Kampala – Masaka highway featured a toll plaza at Lukaya trading centre, about 104kms from Kampala which has since been decommissioned.

Currently, UNRA is engaging a contractor to Operate & Maintain (O&M) following the long awaited clearance of Parliament. The conclusion of this process will also determine the toll fees. KEE has 3 toll plazas; Busega (6 gates), Kajjansi (5 gates) and Mpala (5 gates). The toll gates will be semi – automated or will be manned both manually and digitally.

The Kampala – Entebbe Expressway (KEE)

UNRA, CONNECTING UGANDA!

The Corporate League | August - December 2017

Magnificent: An aerial view of the 51kms Kampala-Entebbe Express High Way. Below: A picture of a road toll.

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The Corporate League | August - December 2017

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Government forms Committee to regulate operations of Tax Agents In the past, one of the biggest persistent setbacks to delivery of excellent revenue services was the information gap between Uganda Revenue Authority (URA) and taxpayers. This turned out to be an area some tax agents took advantage with actions ranging from misrepresentation of taxpayers to defrauding them of huge sums of money. Although over time this gap has been bridged by aggressive taxpayer education and therefore making it difficult for some tax agents with ill motives to cheat taxpayers. The continued complaints from the public compelled government to form a body which shall be responsible for regulating the operations of Tax Agents. This body is known as the Tax Agents Registration Committee (TARC) and consists of members from the Private Sector, professional bodies (Lawyers and Accountants) and URA. The Tax Agents shall therefore be regulated by way of; ■■ Registering only those who meet the set conditions. ■■ Annual review of agents for renewal of registration. ■■ Cancellation of registration of agents who are non-compliant. ■■ Setting a code of conduct for Tax Agents. The committee shall also issue a certificate to all dully registered Tax Agents and publish the first list by July 1st 2017 for public information.

Why regulate Tax Agents? ■■ Protect clients from un becoming behavior of persons akin to tax agents; ■■ Put in a place a mechanism to address taxpayer grievances against Tax Agents ■■ Enhance compliance through improved quality of declarations made for tax purposes. ■■ Improve stakeholder relations with URA. ■■ Grow the tax agents or advisory profession

Who can apply to be registered as a Tax Agent? An individual (natural person) or nonThe Corporate League | August - December 2017

individual (partnership or company) can apply to the Committee for registration as a Tax Agent. Non-individual applicants will be required to nominate individuals to be licensed as Tax Agents i.e., in the case of a partnership, the partner nominated is the one to be licensed while for a company the employee(s) nominated are the ones to be licensed. The individual applicants or nominees to be licensed shall meet the following requirements:■■ Are fit and proper persons to prepare tax returns on behalf of the taxpayers. ■■ Are of high integrity and good character, and in addition possess; ■■ A degree or a post-graduate award from an approved tertiary institution in the discipline that is relevant for the provision of tax agent services; or ■■ Completed a course in taxation that is recognized by the Tax Agents Registration Committee; or ■■ Have engaged in the equivalent of 2 years of full-time tax practice in the preceding 5 years prior to the coming into force of the TPC Act 2014. The registration of a Tax Agent shall remain in force for twelve months from the date of registration. However, the requirement to register as a Tax Agent does not apply to an advocate acting as an advocate to a taxpayer.

Procedures Code Act 2014) is a person engaged:■■ in the preparation, certification, and filing tax returns, information returns or other statements or reports required by URA ■■ in the preparation of requests for ruling, petitions for reinvestigation, protests, objections, requests for refund or tax certificates, compromise settlements and/or abatement of tax liabilities and other official papers and correspondences with URA ■■ in meetings and hearings on behalf of the taxpayer in all matters relating to a taxpayer rights, privileges or liabilities under the laws or regulations administered by URA

What does this mean? Once the tax agents get licensed, ■■ All taxpayers wishing to use services of a tax agent will have to only use services of a registered tax agent. ■■ All persons write now operating as tax agents for domestic taxes and wish to continue offering the same services must apply for registration and obtain registration certificate in accordance with requirements of tax procedures code and rules set by tax agent’s registration committee. ■■ Tax agents registered under this procedure are different from those licensed under the EACMA and therefore have impact on the customs agents. ■■ Tax agents who will not have been registered under the TPC shall cease to offer tax agent services and URA shall not entertain them in tax administration unless under their own right as they deal with their own tax matters.

Who is a Tax Agent? A Tax Agent (for purposes of the Tax 33

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Composition of the Tax Agents Registration Committee (TARC) The Committee comprises of five members as detailed below: Doris Akol She is the Commissioner General of Uganda Revenue Authority. Previously, Akol was Commissioner Legal Services& Board Affairs of URA. At the time of her appointment, she had just graduated from URA’s in-house leadership Programme Fired Up for Excellent Leadership (FUEL), a programme from which she drew most of her leadership skills. As a trained Lawyer, Doris has won several local and international Legal awards.

Derrick Nkajja Derick Nkajja is an accountant by profession with over 23 years working experience. He represents the Accountancy profession on the Tax Agents Registration Committee (TARC). Mr. Nkajja is the Chief Executive

Officer and Secretary to the Council of the Institute of Certified Public Accountants of Uganda (ICPAU), a role he has played since October 2010. Mr. Nkajja also serves at the Finance Committee of the Private Sector Foundation of Uganda (PSFU).

years’ experience in Microfinance. She is the currently the Managing Director of Finance Trust Bank and previously worked with Pride Microfinance and Nile Bank Ltd. She represents the Private Sector which is a large contributor of tax.

Akena Godfrey

Feddy Bahikirwe Mwerinde

He is an advocate of the High Court of Uganda with 18 years of experience in tax and revenue administration. He is currently pursuing MBA Oil and Gas specialism from University of Edinburgh Business School. He is the Executive Director and a senior tax lecturer at the East African School of Taxation.

Annet Nakawunde Mulindwa She is a banker by profession with over 10

She previously worked with Uganda Revenue Authority in operations and management rising to the position of Commissioner Internal Revenue Department. She is currently the Director of TIRL Consultants, a firm that deals in accounting, auditing and tax advisory services. She represents the Private Sector which is a large contributor of tax.

The Corporate League | August - December 2017

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The Corporate League | August - December 2017

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The Corporate League | August - December 2017

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Corporate

Corporate News

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Oliver Lalani leads members of the french delegation on a tour of the Roofings Plant

Roofings hosts French investors French- Uganda business ties recently received a significant boost following a visit by delegation of more than thirty companies under the umbrella body - Mouvement des Entreprises de France organization (MEDEF), the largest employer federation in France.

he delegation was led by Momar Nguer, the Director General of Total Marketing and Services (M&S) and Total’s Executive Committee member on a two-day mission in Uganda to explore available business and investment opportunities in the country. The MEDEF delegation held public sector meetings and met President Yoweri Museveni before they left for Kigali, Rwanda. Patrick Bitature, Chairman of the Private Sector Foundation Uganda (PSFU) led the delegation The Corporate League | August - December 2017

on a visit of local manufacturers; Cipla Quality Chemicals, Bolloré Transport & Logistics and Roofings Limited. He noted that the MEDEF visit was in response to an invitation extended by President Yoweri Kaguta Museveni during a meeting with French investors in Paris last September. Bitature assured the delegation of flexible terms for employees and access to large markets in the East African Community (EAC)

and the Common Market for Eastern and Southern Africa (COMESA) during a tour of the $145m (about sh520b) Roofings Rolling Mills (RRM) in the Kampala business and industrial park. Oliver Lalani, the Roofings Group Executive Director noted that the construction industry was growing at between 8% to 10% annually and that this is feeding into demand for steel. He urged the delegation to consider investing in Uganda for the long term. Hannington 39

Corporate News development, travel, insurance generating some 18,000 jobs.

Karuhanga, the Airtel Uganda chairman urged the French delegation to invest in fertilizer plants and commercial agriculture to aid Uganda’s quest to transform the agriculture sector and boost its contribution to GDP to 50% from the current 25%. While making a call for more Ugandans to speak French, Nimisha Madhvani, Uganda’s Ambassador to France revealed that a business delegation from Uganda has been invited to the Champs-Elyse – the French presidential palace, for the first time to promote Uganda on Bastille Day, the French National Day. She also noted that there is low cost financing available for Ugandan firms looking to invest in energy projects from PROPARCO- a French development financial institution. Stephanie Rivoal, Ambassador of France to Uganda, hosted the delegation at a cocktail at her residence where she welcomed the visitors and asked them to take advantage of the innumerable opportunities in Uganda. She noted that visit was instrumental in

A statement from the French embassy points out that the interest of French companies for Uganda has grown with the discovery of large oil reserves in the west of the country.

Oliver Lalani and Rivoal during a visit at the Roofings Group plant

breaking down some wrongly preconceived ideas about Uganda, especially about the country’s infrastructure, economic status and the ease of doing business. “Uganda is a promising country on the trajectory of success. IMF expects growth of 6.5% by 2021, thanks to the upcoming exploitation of the oil fields which should push the economy. Uganda is a dynamic, growing country that is waiting for you to continue in this progress,” she said. She revealed that 34 French companies are already established in Uganda in various sectors including oil and gas, infrastructure

In her speech read by Amos Lugoloobi, Chairman of the Parliamentary budget committee, the Minister of Trade and Industries, Amelia Kyambadde, said Uganda and France enjoy cordial relations. She thanked France and French companies for their interest in Uganda and their support towards the sustainable development of the country, through clean investments. A statement from the French embassy points out that the total value of France –Uganda trade stands at €60.71m (about sh243b). France is the 10th largest supplier in Uganda with a 2% market share. A French- Uganda business association was also launched during the cocktail reception to further strengthen trade ties between Uganda and France.

The Corporate League | August - December 2017

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Diamond Platnumz to headline 3 day Kampala City festival The 2017 Kampala City festival is special in more ways than one. The fact that it will be headlined by one of Africa’s biggest artistes, Diamond Platnumz (Juma Nasibu) has added to the excitement of revellers. However, that it will be held for a solid three days has also contributed to the excitement.

Tanzanian superstar singer Diamond Platnumz is coming to Kampala.

he annual Kampala City Festival is set to take place on October 6, 2017 and many sponsors have already made their substantial contributions to the success of the event. It has attracted over 70 sponsors, notable among them Airtel, UBL, Movit and a host others. Platnumz will perform at a concert in which funds raised will go towards city schools which Musisi said are in a sorry state. The city has about 79 schools which need teacher’s quarters, classroom blocks, toilet facilities and furniture among others. Other international artistes to perform are gospel artistes E-Ben, PEEY U and Martin PK all from Nigeria. Organized under the theme “Cultural diversity everybody everything”, the festival is likely to attract about 5 million people who include revellers from Kenya, Tanzania, Rwanda and these from the diaspora. Companies in this Festival include Uganda Breweries Limited who injected sh270m, NBS sh270m, Movit sh70m, LTV sh150m and others like City Tyres offered a blank cheque. This year’s concert is unique for there are two events which will happen prior to the big event. On Saturday there will be a rugby tournament, and big Sunday event.

The Corporate League | August - December 2017

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Nile Breweries donates to Mulago Nutrition Ward Nile Breweries Uganda recently delivered Sh15M worth of foodstuffs to the children nutrition ward, commonly known as Mwana Mugimu, at the National Referral Hospital in Mulago. are currently widespread in Uganda, affecting about 54% of children, about 15 million of the country’s 25 million children. Being the national referral centre for all acute malnutrition cases means that Mwana Mugimu (with about 60 health workers who include doctors, clinical officers, nurses and

irector Legal and Corporate Affairs Onapito Ekomoloit said this was to mark the beginning of a long-term partnership with the Clinic in their bid to extend a helping hand to the public.

administrative staff) deals with urgent cases that cannot be handled by other facilities that do not primarily focus on nutrition as something to do with nutrition.

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“As Nile breweries, we do a lot of things like our motto states; above and beyond. We are not here to solve the problems of Mwana Mugimu, but to demonstrate a partnership that will be long term,” said Onapito. Enock Kusasira, the Mulago Hospital Public Relations Manager, said the Clinic still needs support since the demand for services offered there is going up. “Government efforts are not enough. We need interventions from the public. We need support from different corporate companies,” said Kusasira. Mwana Mugimu Nutrition Unit is Uganda’s prime centre that medically handles nutrition complications in children. Having existed since 1964, the centre is the largest and oldest health unit in Uganda dedicated to child nutrition. It has more staff, handles more cases and offers a wider range of child nutrition services than any other child nutrition facility in the country. Complications resulting from malnutrition 42

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Centenary bank inks deal with MasterCard As part of their multi-pronged approach to digitising Uganda’s economy in support of the National Financial Inclusion Strategy, Centenary Bank and Mastercard have announced a partnership to roll out a series of digital banking products.

ollowing the recent signing of a strategic partnership agreement focused on boosting financial inclusion in the East African market, the two partners today further strengthened their partnership by signing a Commercial Banking Agreement (CBA) which will see the rollout of a broad suite of digital payment solutions.

consumer financial protection,” said Fabian Kasi, Managing Director Centenary Bank.

This partnership will help strengthen the National Payment Ecosystem through the introduction of relevant payment solutions including Masterpass QR, payment card solutions including debit, prepaid, and credit as well as premium solutions.

“The partnership is part of the Mastercard commitment to financially empower 100 million people in Africa by 2020,” said Chris Bwakira, Vice President and Area Business Head for East Africa, Mastercard. “We have made significant strides this year in Uganda, with our recent agreement with the Uganda Bankers’ Association and the work we are doing through the Mastercard Labs for Financial Inclusion.”

“In June, Finance Minister Matia Kasaija delivered the 2017/18 budget speech which reemphasised the importance of the National

According to the 2016 Financial Inclusion Insights Survey, only 11 out of every 100 adults in Uganda have access to a bank account. However, 53 percent of adults are using mobile payment solutions to transact.

The launch of the Centenary Bank Mastercard partnership.

Financial Inclusion Strategy. The ground breaking strategy seeks to address five major drivers of financial inclusion: accessibility of financial services, credit infrastructure, and digitisation of financial services, appropriate and innovative financial products and

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The Corporate League | August - December 2017

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NSSF targets 2 million workers with voluntary pension scheme Like most football players in the late 80’s and early 90’s, Charles Temaligwe made good money playing alongside greats like Magid Musisi, Sadiq Wassa, and Sula Kato in the Uganda Cranes football squad. He also enjoyed fame playing for KCCA FC at club level.

owever, as his hair starts to grey at the onset of old age, Temaligwe wishes he had saved up most of his youthful wealth to enjoy a fitting retirement. “I really partied and did not think about saving until it was too late. Although it is a long time since I stopped playing professional football, I now save at every opportunity. Right now I feel that my future is secure,” Temaligwe said at launch of a National Social Security Fund (NSSF) voluntary membership plan. The NSSF is mandated by law to collect compulsory contributions from organizations that have 5 employees

Fiona Wall, Honorary Secretary Uganda Law Society, Richard Byarugaba, Managing Director NSSF, Charles Temaligwe, former Uganda Cranes footballer, Gideon Badagawa, Private Sector Foundation Uganda Executive Director, Mubarak Nkuutu, Uganda Manufacturers Association Executive Director

The Corporate League | August - December 2017

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or more, however, this has left many Ugandans in the formal sector without a pension plan. Richard Byarugaba, the NSSF managing noted that the voluntary employer’s membership plan is target at registered companies in the formal sector that have less than five employees. He noted that these firms have close to 2 million workers; the NSSF’s membership to 3.5 million members if all joined the fund. Also launched was an individual voluntary contributor’s scheme for people that are already registered members but have left their employers. Byarugaba noted that a mobile money platform has been set up through which the NSSF will receive voluntary savings through its *254# code on MTN and Airtel. “We have been piloting this plan since November 2016 and it has been well received,” he said. “As at the end of May 2017, we had recruited 3,017 voluntary employers, and have collected sh2.6b. There are 700,000 former members of the fund whose accounts are inactive mainly because their employers no longer remit contributions or are now selfemployed. They would like to continue saving with us,” he explained. He noted that contributions have been set at a minimum of sh5,000 per contribution with transaction ceiling of sh4million, however, contributions can be made several times per month. Byarugaba urged parliament to pass the Retirement Sector Liberalisation Bill 2011 - which would end the NSSF’s monopoly, into law inorder for the fund to tap savings of 11 million informal sector workers who have no pension plan. The Corporate League | August - December 2017

He also noted that once passed into law, it will be possible for members of the fund to provide value added services to members such as the use of savings to pay for homes, education, and medical care. Gideon Badagawa, the Private Sector Foundation Uganda (PSFU) executive director noted that it is time to open up the pensions sector and secure the future of Ugandans in the informal

NSSF VOLUNTARY MEMBERSHIP

sector. “Everyone who earns any income such as the boda boda riders, farmers and businessmen should be assured of a bright future,” he said. Pheona Nabasa-Wall, secretary – Uganda Law Society noted that the voluntary membership and contributory scheme will benefit the over 300 law firms which often employ less than 5 full time staff.

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Corporate news: Vision Group vacates JR complex for Pike building Vision Group Uganda’s leading Media Company has moved out of the JR Complex on the Kampala – Jinja highway to the spacious Pike building which hitherto was known as club Silk in the Kampala industrial area.

he move is expected to free up billions of shillings in rent on the company’s balance sheet after net profit plunged 41.6% to sh2.15b in the six months to December 2016 compared to sh3.68b in the same period in 2015. Vision Groups assets grew 7% to sh76.02b from the previous period’s sh70.7b. This was due to a 28.24% rise in NVL’s noncurrent assets with Property, Plant and equipment that make up 41% of the firm’s assets increasing to sh31.1b while the firm’s receivables on which it operates added 0.38% to sh25.1b from sh25b in the current assets.

Front view of Pike House located on plot 19/21, First Street, Kampala.

The Corporate League | August - December 2017

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Stanbic sees economy growing The annual Stanbic Purchasing Managers Index (PMI) surged at the end of June, indicating that operating conditions in Uganda improved over the past month on the back of renewed local demand which led to an increase in output, new orders, employment and the purchase of new stocks.

he Purchasing Managers’ Index is based on data compiled from monthly replies to questionnaires sent to purchasing executives in approximately 400 private sector companies in agriculture, construction, industry, services and wholesale & retail. The purchasing executives respond to questions on New Orders, Output, Employment, Suppliers’ Delivery Times, and Stock of Items Purchased. At an index of 52.8, purchasing managers were more optimistic of improvement in business conditions in the country in June, than they were in May when the index dipped at 51.0.

Jibran Qureishi, Stanbic bank regional economist for East Africa said: “The private sector continues to recover supported by the easing of the monetary policy stance for the better part of the last year or so. We suspect as inflationary pressures have subsided somewhat over the past couple of months; the monetary policy committee may still cut its key benchmark rate at its next meeting in August.” He added: “However, that could possibly be the last rate cut of the year. This being said, as economic activity improves in the second half of the year, imports may rise and put pressure on the exchange rate which could

Stanbic CEO Patrick Mweheire and UBOS Director Macroeconomic Statistics Dr. Chris Mukiza launch the Private Sector Index.

subsequently raise costs for firms.”

The report pointed out that the private sector generally faced higher cost pressures which were driven by operational costs such as utility bills, staff costs and higher purchasing prices. All five sub-sectors monitored by the survey raised output charges, as they passed on higher cost burdens to customers. Sugar, raw materials and food items were all reported to be up in price. According to the World Bank cost of doing business report for 2016, high overhead costs remain one of the major threats to private sector led growth in the country and are one of the primary factors making credit expensive. Whilst releasing the June index, Anne Juuko, Stanbic Banks Head of Global Markets noted that the upward trajectory of the industry and services sectors more than offset the worsening of the overall operating conditions in the remaining sectors. She pointed out that the private sector continued to raise their payroll numbers, with job creation seen in construction and services. The Corporate League | August - December 2017

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The Corporate League | August - December 2017

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Sheraton Kampala Hotel to celebrate 50 years of service Next month (October) Sheraton Kampala Hotel celebrates a milestone. The hotel that was officially opened on October 8th 1967 as Apollo Hotel will make 50 years. Different activities to engage with clients and the public during a year of celebrations have been going on since January.

hese activities have given customers a chance to clients to share their memories of Sheraton Kampala.

The General Manager of Sheraton Kampala Hotel Jean-Phillippe Bittencourt says it has been a very engaging year full of activity and it will climax with aplomb at an event expected to be graced by President Museveni. The celebratory events lined up include Art exhibitions, Food & Cultural festivals, the Vintage Car Show as well as special days of the calendar like the Orthodox Christmas, Valentine’s day Easter Sunday, Eid Al Fitr, Mothers’, Womens and Fathers’ days ,the Cuban Night, Oktoberfest, Gout De France among others are some of the activities.

Sheraton staff serving kids lunch during the Children’s Easter Party held at the Sheraton Kampala Hotel for Children suffering from cancer.

government of Uganda and manage it for the next 25 years, starting in 1991.

Sheraton Kampala Hotel, one of the leading Hotels in Uganda has been operating in in Uganda for 30 years however the Hotel was officially opened on October 8th 1967 and has gone through various management companies including the current operating company “Constellation Hotels & Resorts”.

The investors won a franchise from Sheraton Hotels and Resorts to use the Sheraton name. The hotel then underwent extensive renovations and thus the magnificent building that stands before us which is now part of the Marriott Group of Hotels after the acquisition of Starwood.

While speaking at a media breakfast held at the Hotel’s Seven Hills Lounge to launch the 50 years’ celebrations, the Hotel’s General Manager Jean-Phillippe Bittencourt, said Sheraton is undoubtedly one of Uganda’s proudest hospitality resource. “Fifty years is a major milestone for an institution, as it is for an individual. Our celebration is not only a festivity, but also a sincere occasion to pause and look back at this fifty-year journey and a moment to look towards the future of this hotel.

The Corporate League | August - December 2017

Sheraton Kampala Hotel General Manager, Jean-Phillippe Bittencourt with a client.

The National Resistance Movement, which ascended into power in 1986, liberalized the economy and Middle Eastern investors won the rights to lease the hotel from the

“Guests who have been with Sheraton for a long time have told us, they love the Hotel and it has been part of their lives and this is because there is no place like the Sheraton Kampala. With so many new Hotels coming on the market, it is important that as industry leaders, we pioneer innovations through our products and services that will keep us ahead of the market” Jean-Phillipe noted. Sheraton directly employs 450 employees and 500 indirectly. 49

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Tropical Bank ready for Islamic banking Tropical Bank Chairman Gerald Sendaula has urged the Bank of Uganda to hasten the passing of regulations for banking according to Islamic principles. Speaking at an Iftar dinner for customers at Hotel Africana, he noted that Islamic banking and agent banking will widen access to banking for many Ugandans. The bank also said farewell to long serving staff Haji Juma Lubega Kagolo, formerly Executive Director and Idris Elhalafi, formerly Deputy General Manager. They were both handed presents by bank Managing Director, Kreshi Sameh Mahmud who said: â&#x20AC;&#x153;Although Islamic Banking comes as an interest free service, and as a shared risk between the bank and customer, there still remains the need for awareness due to misconceptions.â&#x20AC;?

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Kreshi Sameh Mahmud at a Iftar Dinner organised by customers of Tropical Bank. Top Right: He awarded prizes to customers during the Iftar Dinner at Hotel Africana. 50

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The Corporate League | August - December 2017

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