HiPipo Money

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Amr El-Garhy will ensure core platform and portfolio companies have access to the finance they need to grow and execute on their business plans

Citadel Capital (CCAP.CA on the Egyptian Exchange), the leading investment company in Africa and the Middle East with US$ 9.5 billion in investments under control, has engaged the distinguished banker Amr El-Garhy as Managing Director and Head of Corporate Finance and Investment Review Function. 

El-Garhy joins the firm from the National Investment Bank, where he was serving as Vice-Chairman and Managing Director. At Citadel Capital, he will be charged with ensuring platform and portfolio companies have access to the finance they need to grow efficiently, while monitoring the effective and successful execution of their business plans.

“Amr’s appointment comes as part of our transformation from Africa’s largest private equity firm into the continent’s leading investment company,” noted Citadel Capital Chairman and Founder Ahmed Heikal. “In his new role, he will help ensure Citadel Capital and our platform companies in five core industries, including energy, agrifoods, transportation, mining and cement, have the liquidity they need to deliver on their business plans. Citadel Capital also plans to exit non-core investments over the coming few years.”

I am particularly delighted to have Amr on board with us, having previously worked with him during my time with EFG Hermes, where I was impressed with both his efficiency and leadership skills,” adds Heikal.

El-Garhy joined the National Investment Bank in 2004 and led the institution through significant business restructuring, significantly growing its equity portfolio and leading a number of high-profile transactions and advisory processes of national importance.

He was earlier Deputy CEO of El-Ahli Bank of Qatar, a Managing Director at regional investment bank EFG Hermes, Managing Director for Investment Banking at Fleming-CIIC, Executive Director of the Commercial International Investment Company (CIIC) and a Senior Credit Manager at Commercial International Bank (CIB). El-Garhy has a distinguished track record of service on public and private boards including the Bank of Alexandria, the Egyptian National Railway Authority, the Arab Contractors Co., Suez Cement, the Export Development Bank of Egypt, and Abu Qir Fertilizers Co., among others. 

Citadel Capital (CCAP.CA on the Egyptian Stock Exchange) is the leading investment company in Africa and Middle East. Citadel Capital controls investments of US$ 9.5 billion and focuses on 5 core industries: Energy, Transportation, Agrifoods, Mining, and Cement. 

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…Tusker Project Fame 6 auditions enter second week

The Agip Motel in Mbarara was on Saturday, 31^st August, 2013 transformed into an extravaganza of music talent as hopeful individuals and music groups turned up in their numbers for Tusker Project Fame 6 auditions, the ultimate music talent show in East Africa.

The much awaited auditions kicked off amidst heightened anticipation from participants who had rehearsed, received tips and got the much needed moral support from former Tusker Project Fame contestant and now prolific musician, Naava Grey who graced the auditions and later on performed at the after party held at the new De-posh Bar in Mbarara.

The judges for the day, music producer Benon Mugumya, Capital FM presenter Flavia Tumusiime and Urban TV’s Bush Baby were amazed by the different levels of talent showcased in Mbarara finally settling on seven contestants who proceed to the Kampala auditions scheduled for 7^th September, 2013 at the Sheraton Hotel.

“We are looking for authentic singers with rich voices to compete across borders. We have certainly seen some exemplary talent today which if polished, can be able to give a good account of Uganda when Tusker Project Fame 6 begins,” said Benon renowned music producer and judge.

The talent search in Mbarara discovered seven talented individuals in: Hope Natukunda, a lawyer, Rita Abenitwe a Makerere graduate, Christine Aboth, Andrew Mukama, Andrew Aijuka a radio presenter and Faith Gandhi a student of Uganda Christian University Mukono.

The auditions also saw participant attempt to impress the judges with different genres of music like Kadongo Kamu Tusker Project Fame 6  which was received with mixed feelings. The final Tusker Project Fame 6 auditions take place this weekend, 7^th September, 2013 at the Sheraton Hotel in Kampala and it is envisaged that people will attend in their droves in a bid to represent Uganda in Tusker Project Fame season 6.

Tusker Project Fame 6 returns to the screens in a new format that allows music groups comprising not more than 3 people to audition making the competition tougher.

Speaking during the auditions, Tusker Lager Brand Manager said “We have registered an increment in the number of people auditioning today and got great talent. We are confident that we the individuals that will represent Uganda in Tusker Project Fame season 6 will be the best and are hopeful that we will produce the ultimate winner this season”.

The daily highlights of Tusker Project Fame will be broadcast on Monday to Friday at 9:30pm-10:00pm and the live eviction and nomination shows on Saturday and Sunday starting from 8:00pm and 7:30pm respectively.

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August 31^st, 2013 marked the end of the mandatory regulatory customer SIM registration exercise; the 18 month exercise was initiated in March 2012.

By the deadline of 31^st August, MTN Uganda had successfully registered 96% of its close to 8.2 million active customer base leaving a total of just 327,548 active customers yet to be registered. These have been affected by the full deactivation process effective 1^st September 2013 as communicated by the Uganda Communication Commission (UCC).

The initial period was focused on registering as many of its customers as possible as the company carried out a validation of the information laterally. “We have been able to achieve this however there is some back log in terms of verification. Customers whose details are yet to be verified will not be disconnected”, said Anthony Katamba, MTN Uganda’s General Manager Corporate Services.

All MTN Uganda customers that have completed the registration process are considered ‘registered’. The MTN customers whose SIM cards have been deactivated can still visit one of its Customer Service outlets (Service Centers) across the country along with the Registration Agents that will be open even after the deadline. They will be able to register and reconnect them in line with guidelines issued by UCC.

Katamba explained that the disconnection will affect SIM card based services including incoming and outgoing voice, SMS, MMS and internet data services. The disconnection however does not mean these subscribers have lost their SIMs or their airtime balances. Upon registration, the SIM cards will be reconnected. Disconnected subscribers will still be able to call the MTN helplines as well as the subscriber registration short code of 197 to get assistance on how to register and get reconnected.

“There will be no need for customers to buy new SIM cards but the existing MTN SIM cards will be reactivated after registration. We will make sure that all our customers are given equal opportunity to register and remain connected on MTN network”, he added.

MTN Uganda is presently carrying out a verification of all the subscriber information received and as you will appreciate verification of documents of over eight million subscribers is not an easy feat and as such it takes a lot of time. The verification exercise will continue even after 31^st August 2013.

“We would like to thank our regulator, the Uganda Communications Commission, the Ministry of ICT and all the other telecommunications operators who have all worked hard to make this exercise a success. We also thank our customers most importantly for responding to the call to get registered,” Katamba concluded.

Additional Information:

How does a customer reconnect a number which has been deactivated?

1. Dial call center helpline 123 to submit registration information
2. Dial USSD self and alternate number registration via *197#. You will be guided through a menu process to register your SIM.
3. Send SMS with to register self or alternate number via short code 197
4. Call IVR voice registration helpline short code 197. You will be guided through a menu process to register your SIM.
5. Send an e-mail with a completed form attached, copy of ID and scanned photograph to register@mtn.co.ug

All information submitted using the above listed options will be subject to off-line verification before reconnection.

What do the different responses mean when one dials *197# to check registration status?

SIM card registered successfully:

•The SIM card registration was successfully completed

SIM card registration pending verification:

•As part of the registration process, we are required to verify the records which you provided during registration before declaring it successful. If you received this response, it means that we have received your SIM card registration information but it has not yet been checked for completeness of the details provided. You will however continue receiving all the MTN services you have subscribed for.

SIM card is Unregistered:

•This message may be received if your SIM card was not registered at all OR if you registered on a form. In case of the latter, the information that was provided has not yet been captured into our system. In this case, we recommend that you keep checking your registration status by dialing *197#. Your registration will however be eventually verified. Alternatively to quicken capture of the details electronically, you may re-submit an electronic copy of your passport photo and copy of ID at register@mtn.co.ug and we’ll get in touch to finalize your registration.

Registered Customers can also register their Secondary and alternative SIM cards by sending the SIM Information by SMS to 197.

About MTN Uganda

Launched in 1998, MTN Uganda is the leading communications operator in Uganda, offering Mobile and Fixed telecommunications, Mobile Money Services and Internet Service Provisioning. As of 30 June 2013, MTN Uganda recorded 8 million subscribers across Uganda. Visit us at www.mtn.co.ug and for our football fans www.mtnfootball.com. Customers can also follow us on www.youtube.com/mtnug and www.twitter.com/mtnugandacare for assistance.

About the MTN Group

Launched in 1994, the MTN Group is a leading emerging market operator, connecting subscribers in 22 countries in Africa, Asia and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: “MTN.” As of 30 June 2013, MTN recorded 201.5 million subscribers across 22 countries. Visit us at www.mtn.com ,www.mtnbusiness.com , www.mtnmmo.com  and for our football fans www.mtnfootball.com

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• 152 students awarded a total of 650 million
• 53 from the east, 42 from central, 31 from the north and 26 from the west

The results are out! Over 150 university students are set to benefit from the Madhvani Foundation scholarships this academic year following an announcement releasing the list of candidates who successfully passed their recent interviews.

The Chairman of the Scholarship committee Mr Anthony Butele said, The Madhvani Foundation Board is pleased to announce the beneficiaries of the 2013/14 academic year for scholarships at both undergraduate and postgraduate levels. “We have been impressed by the commitment shown by these students to their education despite the challenges that they face and would like to support them in their educational development. The 152 students from across the country will benefit from Ushs 650 million that was announced earlier this year as we celebrated 10 years since the scholarship scheme was re-launched in 2003. The Foundation would like to express its continued commitment to Uganda’s educational and economic development.”

Commenting on the demographic distribution of the scholarships Mr. SKI Iyengar, the Board Secretary said “The Foundation has awarded 135 undergraduate and 17 postgraduate scholarships to students from across the country. Our analysis indicates an 11% increase in beneficiaries from Eastern Uganda between 2012/13 and 2013/14 making them the highest recipients of this year’s awards with 53 slots (representing 35% of the total). Recipients from Central region came in second with 42 slots, Northern region with 31 slots and Western region which had the most slots last year got 26 positions this year.” He continued “the male students continued to dominate the list against their female counterparts however, it should be noted that there is no formula to these results and as such cannot be pre-determined. The selection process was very transparent and no incidences of lobbying have been reported.”

Applicants of the 2013/14 scholarships should check the website www.madhvanifoundation.com or print media for the list of beneficiaries. The successful candidates are advised to collect their letters of award from the foundation headquarters at East African Distributors Ltd, 5th street industrial area from Monday 2^nd September. 

In conclusion Mr. Butele congratulated all the beneficiaries of the scholarship and encouraged them to take advantage of the opportunity they have been given, by studying hard so they can be successful in their studies and become productive members of Ugandan society.

Madhvani Foundation scholarships will return next academic year 2014-2015 seeking support financially challenged but brilliant Ugandan undergraduate and postgraduate students. 

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“British Airways Country Commercial Manager Ms. Faith Chaitezvi (Centre) hands over a certificate to one of the IATA graduands during the Institute’s 18^th graduation ceremony at Grand Imperial hotel. Looking on is the chairman Board of Directors Career Institute Begumisa Protazio (left) and Rutagira Vassy, the Director Career Institute.”

Career Institute (U), the only International Air Transport Authorised Training Centre in Uganda and an affiliate to the IATA over the week ending August 24, 2013,   awarded over 300 students with diploma’s and certificates.

The institutes 18th graduation ceremony was held at the Kampala Grand Imperial Hotel where students graduated in courses ranging from air cargo handling, tourism and travel, customs, clearing and handling including management and business courses.  

The board chairman, Career Institute, Mr. Protazio Begumisa, also a commissioner at the Uganda Revenue Authority (URA) urged the students to respect their achievements and use them in a positive and sensitive way. He said, “What one does with his or her certificate and diploma is very important as compared to the Hood and Gown.”

Begumisa said job hunting is one of the biggest challenges which has never been easy but can be managed. Elimination of laziness should be placed as top priority if one is looking to succeed in this very competitive world.

He advised that students should think of further studies citing that one diploma or certificate are not enough if one is to compete in the job market. Mr. Begumisa while addressing the graduates cautioned them to be responsible and accountable, adding that morality should be adhered to in order to live longer and achieve goals.

 The Guest of Honour at the event, the BA Country Commercial Manager Ms. Faith Chaitezvi commended the institute for having evolved since 1993 when it started.

 In her speech, Chaitezvi asked the students not to look at their current achievement as the end but a platform for future success. She said, “As graduates, we should realize that our responsibilities have gone anotch higher which comes with greater challenges. These challenges can only be addressed with a proactive mind, something that you may forget immediately you have received the certificates.”

Chaitezvi highlighted the need for a positive attitude towards work that should be kept in mind if one was looking to succeed. Many students despise small and petty jobs that come their way hoping to have bigger jobs in bigger offices, forgetting that the people in those offices started from somewhere. These small jobs create great opportunities once used wisely with respect.

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Kenya Airways, the pride of Africa,  and Uganda’s  leading Mobile Money  service provider, MTN Uganda have partnered to launch  a service that allows customers to pay for Kenya Airways tickets using MTN Mobile Money.  This additional payment option is part of the airline’s efforts to embrace technology and the convenience and improved customer experiences that come with it.

Speaking at the launch, the airlines Head of Information Systems Development, Mr. Henry Obare said that the MTN Mobile Money Payment option has registered success in the sale of Kenya Airways tickets through Mobile Money services in Kenya. He expressed optimism that the Uganda market will enjoy the ease and convenience that comes with the use of this service.

Mr.Obare explained that the airline has been at the forefront in embracing advancements within the mobile and ICT sector to enhance the customer experience.

“We not only focus on offering an excellent in-flight experience for our customers but also on making the entire end-to-end journey (right from the purchase of the tickets to the handling at destination airports)   pleasant,” said Mr. Obare.

On his part, MTN Uganda Chief Marketing Officer Ernst Fonternel welcomed the partnership with Kenya Airways adding that they are a new addition to a number of other stakeholders who have partnered with MTN Mobile Money to deliver convenience to over 8 million customers on the MTN network.

Fonternel said since the launch of  the service five years back, MTN Mobile Money has enjoyed unprecedented success, registering in excess of 25million transactions each month with more than 4.5 million customers active on Mobile Money.

“As per the GSMA 2012 Global Mobile Money adoption survey, MTN Uganda ranks 2^nd in the world in the of number of active Mobile Money customer accounts. Today, as we launch this partnership with Kenya Airways, I’m hopeful that the Airline’s customers will find MTN Mobile Money an easy, convenient, safe and secure service,” Mr. Fonternel said.

With the new option to pay with Mobile Money, Kenya Airways customers will visit the Airline’s website or call its offices to make a reservation and obtain a reference number and flight quotation in Uganda Shillings. The customer will thereafter go to their phone’s Mobile Money menu, and select Pay Bill option, enter short code KQ, then the reference number and the amount to be paid for the air ticket. The transaction details will be displayed on the customers’ phone instantly. And the airline will email the air ticket back to the customer. The ticket may also be collected at any of Kenya Airways offices worldwide.

Kenya Airways operates 5 daily flights between Uganda’s Entebbe International Airport and its hub in Nairobi, and serves over 45 African destinations, having launched its 61st destination to Blantyre in Malawi this month.

ENDS

For more information please contact Rose Kiseli  on rose.kiseli@kenya-airways.com or  visit www.kenya-airways.com

About Kenya Airways

Kenya Airways, a member of the Sky Team Alliance, is a leading African airline flying to over 59 destinations worldwide, 40 of which are in Africa and carries over three million passengers annually. It continues to modernize its fleet with its 41 aircraft fleet being one of the most modern in Africa. The on-board service is renowned and the lie-flat business class seat on the wide-body aircraft is consistently voted among the world’s top 10. In 2010, it scooped top awards at the Africa Investor (Ai) Tourism Investor Awards and was declared the Business Airline of the Year in Africa. Kenya Airways takes pride for being at the fore front of connecting Africa to the world and the World to Africa through its hub Jomo Kenyatta International Airport.

About MTN Uganda

Launched in 1998, MTN Uganda is the leading communications operator in Uganda, offering Mobile and Fixed telecommunications, Mobile Money Services and Internet Service Provisioning. As of 30 June 2013, MTN Uganda recorded 8 million subscribers across Uganda. Visit us at www.mtn.co.ug and for our football fans www.mtnfootball.com. Customers can also follow us on www.youtube.com/mtnug and www.twitter.com/mtnugandacare for assistance.

About the MTN Group

Launched in 1994, the MTN Group is a leading emerging market operator, connecting subscribers in 22 countries in Africa, Asia and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: “MTN.” As of 30 June 2013, MTN recorded 201.5 million subscribers across 22 countries. Visit us at www.mtn.com ,www.mtnbusiness.com , www.mtnmmo.com  and for our football fans www.mtnfootball.com.