UGANDA | DAWNS THE OIL PRODUCTION PHASE UPON CNOOC LAUNCH OF THE PIONEER RIG SPUDDING IN THE ALBERTINE GRABEN GRACED BY PRESIDENT YOWERI MUSEVENI

Museveni Commissions CNOOC Rig , Hails China, France for Not Sabotaging Uganda's Oil

chimpreports.com, January 24, 2023 | President Yoweri Museveni has thanked the Governments of China and France for not standing in Uganda’s journey to become a major oil producing country.

File Photo/Courtesy: President Museveni poses with some of the CNOOC workers at the rig launch Tuesday, 24th January 2023.

President Museveni said on Tuesday that China had built a strong relationship with Africa from back in the1940s which has now grown into massive joint investments such as the oil project being run by Chinese company CNOOC in western Uganda.

YouTube Video | UBC Television Uganda: Launch of the Oil Production By CNOOC Rig | 24th January, 2023.

“Most of these companies like CNOOC are owned by the Chinese government and when they come here, they are being encouraged by their government,” he said

“We have been working with China from the anti colonial movement in the 1940, and that relationship has now grown into such economic cooperation for mutual benefit.”

On the other hand, Museveni thanked the government of France for not giving in to pressure from environmentalists who were last year pushing for stoppage of Uganda’s oil production, through different avenues including the European Union Parliament.

“France has not given us trouble. For the EU parliament we told them to go to hell but the French government did not cause us any problems,” he said.

France and China are the home countries of CNOOC Uganda and TotalEnergies Uganda Ltd which are operating the Kingfisher and Tilenga oil fields respectively in Albertine Graben.

Museveni made the comments while officially commissioning the fully installed Kingfisher oil rig in Buhuka, Kyangwali in Kikuube district.

At event which marked commencement of the oil drilling exercise in Uganda, also known as Rig Spudding, Museveni said Uganda’s economic future was bright, given her current potential in oil producing.

On top of the over 1billion recoverable barrels or oil in the Albertine region, he said efforts are underway to explore and find more oil in the region and also other regions in central and north eastern Uganda.

“This oil here is only in 40% of the Lake Albert and Edward valley. We expect to find more in the other 60% and also in other regions of Moroto and Lake Kyoga.”

Speaking at the event, Minister of Energy and Mineral Development Hon Ruth Nankabirwa thanked the different stakeholders whose concerted efforts left to today’s milestone

She revealed that cabinet as well as MPs both on the government and opposition sides strongly supported the oil project.“The cabinet supported all the papers I presented while parliament helped us fast track all the necessary legislation,” she said.

“I want to thank the speaker of Parliament and the Leader of Opposition because we have been moving with the opposition on this. The activists tried to interfere but we stuck together and we have been able to put together all these legislations.”

Uganda is expected to commence production of oil in 2025 upon completion of the 1400km crude oil pipeline through which oil will be exported via Tanzania.

By Sam Waswa

Fact Checked By: Synergy Virtual Distribution Channels

RIG SPUDDING ILLUSTRATIONS

Illustration Image Credit/ResearchGate: Schematic layout of drilling rig rotary and draw-works drill – string electrical drives.

WEALTH CREATION ASSOCIATED WITH EARLY VOCATIONAL AND INDUSTRIAL ATTACHMENT AS OPPOSED TO WEALTH CRIPPLING OCCASIONED BY RETENTION OF WHITE-COLLAR JOB SEEKERS ─ THE PANACEA FOR THE COLONIAL EDUCATION ECOSYSTEM SKEWED TOWARDS CHURNING OUT DWARFS LACKING IN EMPLOYABILITY SKILLS

Past regimes undermined private sector's capacity to create jobs - Museveni

 

What you need to know:

 

Dr Jane Ruth Aceng, the Health minister, also the Lira City Woman Member of Parliament, urged the graduates to become innovative and make themselves busy instead of returning home to idle.

The minister of Education and Sports, Ms Janet Museveni, in her speech read by Dr John Chrysostom Muyingo, the state minister for Higher Education, encouraged the graduates to use the knowledge they have acquired to take up the advantage of the "many opportunities around them" to create jobs to employ others.

Photo Credit/Charity Akullo: Graduands celebrate during the Lira University fourth graduation ceremony on January 13, 2023. For Stanbic Bank Free Bills Payment and More, Dial: *291# or Download the FlexiPay Uganda App│Register for a FlexiPay Wallet │ Enter Refferal Code: I25UNZ │Donate to the vulnerable using FlexiPay │Call Centre Toll Free: 0800 251 251/0800 250 250/0800 150 150 . [Please Note: Referral Code Letter (ABC) is I (Capital of Letter i) NOT a digit (123) to wit. 1]

THE POSTERITY OF REAL ESTATE AS A SOLID INVESTMENT THAT STANDS THE TEST OF TIME

 

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Photo Credit/CEO East Africa Magazine: LEFT - RIGHT: Knight Frank Uganda ─ Senior Executives: Maude Kaweesa, Senior Property Manager, RetailPortfolio; Lucy K.Wamimbi, Head of Residential;Herbert Okello, Head of Valuation & Advisory; Judy Rugasira, Managing Director; Patience Naaka, Head of Research ; and, Sharon Kamuyangi,Head ─ Occupier Services and Commercial Agency in a group photo at the release of the H2 2022: Kampala Market Performance Review Report at the Hilton Garden Inn, Kampala │ For Stanbic Bank Free Bills Payment and More, Dial: *291# or Download the FlexiPay Uganda App│Register for a FlexiPay Wallet │ Enter Refferal Code: I25UNZ │Donate to the vulnerable using FlexiPay │Call Centre Toll Free: 0800 251 251/0800 250 250/0800 150 150 . [Please Note: Referral Code Letter (ABC) is I (Capital of Letter i) NOT a digit (123) to wit. 1]

 

 

 ALL TIME iSPECIAL MOBILITY QUOTES ─ 2023

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”
― Victor Vickery

“1. The Cost Of The Service

The cost of managing a property can be expensive and many people choose to avoid hiring a management agent because of the overall expense. Contrary to belief, the overall cost can be more cost-effective than having to care for the property independently. By using a property management company you will have access to a plethora of different professionals from different industries at a
single cost instead of having to pay for separate services at high costs.

2. Freedom

Arguably the most beneficial reason to hiring a property management company is the concept of freedom. By using professionals to manage your property you will not need to be in the vicinity to complete transactions. For example, you can take a vacation when the manager deals with tenancy issues in your property.”
― Property Management, Property Management Company Free Online Advertising Video Marketing Strategy Book: No Cost Video Advertising & Website Traffic Secrets to Making Massive Money Now!


“Real estate is attractive because it leads people closer to financial independence—the ability to live life on one’s own terms, rather than simply earning enough to pay bills and survive.”
― Joshua Dorkin, How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started

“Real estate investing can make you wealthy, and it can make you wealthy faster than any other investment out there, if you are willing to work toward it. And that’s the key: work.”
― Brandon Turner, How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started

“The greater the passive income you can build, the freer you will become.”
― Todd M. Fleming

“If you are a real estate agent, broker, or business person, advertising your services may be a good way to generate real estate leads. This type of lead generation is great because rather than you doing the work to find people who want to buy or sell a property, the tables are turned and they come looking for you instead.”
― cyrilleauxenfans

“Making money in real estate goes hand and hand with all of the other best money making strategies. The reason is the tax advantages you get blend very well together with all of the other money making strategies.”
― Cyrille Auxenfans

“Commercial real estate is a booming business however, whether you are buying or advertising commercial real estate, chances are that you are going to need a bit of assist. A good real estate broker can be priceless to you, and they can provide you with an enormous deal of assist that no one else could ever give to you.”
― adrianrandrobison 

“The purpose of real estate agent should be to create a customer who creates customers.”
― Amit Kalantri

“Real estate investing, even on a very small scale, remains a tried and true means of building an individual's cash flow and wealth.”
― Kiyosaki, Robert T.

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UGANDA: STANBIC BANK TORPEDOES COMPETITION IN ITS MEGA BOUQUET OFFER FOR THE BENEFIT OF THE EDUCATION ECOSYSTEM

SWEET PACKAGE: Stanbic Bank to loyal customers rescue with "Wumula ka Stress" bail out ahead of schools reopening

redpepper.co.ug, January 13, 2022 | Kampala: Stanbic Bank Uganda on Thursday, unveiled a financial relief package in a campaign dubbed “Wumula ka Stress; (relieve your stress),” whose benefits include, up to 75-days’ grace period before the start of an 84-month repayment for customers who take new personal loans or top-ups, between January and April 2023.

File Photo/Courtesy: Stanbic Bank Uganda executives speaking to journalists in Kampala on Thursday, January 12, 2022 | For Stanbic Bank Free Bills Payment and More, Dial: *291# or Download the FlexiPay Uganda App│Register for a FlexiPay Wallet │ Enter Refferal Code: I25UNZ │Donate to the vulnerable using FlexiPay │Call Centre Toll Free: 0800 251 251/0800 250 250/0800 150 150 . [Please Note: Referral Code Letter (ABC) is I (Capital of Letter i) NOT a digit (123) to wit. 1]

Speaking to journalists in Kampala, Stanbic Bank’s executive director and head of business banking, Emma Mugisha said the 90-day campaign is designed for parents, schools, and suppliers, ahead of the start of the 2023 schools academic year.

“To our customers who are also parents, we are saying, access a collateral free loan of up to Ugx250m repayable in 84 months and enjoy a repayment grace period of up to 75 days-normally, repayment starts immediately. That way, we can relieve your stress.

“For school owners, we know the pressure that comes with receiving students for the new academic year — to ensure that you have enough operating capital, we are enabling them to access up to Ugx500m of collateral free credit, within 24 hours which they can repay within two-school terms, as they collect,” Mugisha said.

Using FlexiPay, the schools registered on the platform have also been enabled to collect school fees in a more transparent, efficient, and secure method.

“Many schools struggle when it comes to collecting school fees, using manual collection, and accounting methods. FlexiPay has been enabled to assist our schools not only collect fees efficiently but also pay for bills and other suppliers at a more cost-effective rate which reduces their operational expenses,” said Emma.

At the start of the 2022 academic year, Stanbic Bank relieved schools of Ugx1.5b worth of accrued unpaid interest on loans, this, after the Covid-19 pandemic had forced them out of operation for nearly two years-the initiative directly benefited over 100 schools.

The bank is currently running a FlexiKatale promotion in partnership with several local TV stations, giving a platform to its customers that can’t afford TV advertisements to showcase their services and products, ahead of the new school term.

Stanbic Bank’s head of consumer banking, Israel Arinaitwe, said the festive season which is characterized by heavy spending is often followed by financial stress as parents struggle to find resources to return children to school; school owners finding operating capital and suppliers-money to stock.

“Therefore, the campaign is to show all these customer segments and ensure that we support them to have the best possible start to the new year; hence the campaign, Wumula Ka Stress,” said Arinaitwe.

On the issue of how the Central Bank Rate (CBR) defining commercial banks’ lending rate, Arinaitwe had this to say: “The Central Bank Rate is a reference point for all the other rates in the industry to follow, whereby an increase or decrease will signal that the other rates will also follow suit.”

Paul Tamale, the head of card business said as parents do back to school shopping for their children, they will also stand a chance of winning back up to 20% of the total expenditure when they buy from select outlets around the country.

“We are encouraging our customers to shop with their VISA cards; it is not only secure but also comes with benefits such as enjoying discounts and earning back some of the money you spend,” he said.

School owners are also being encouraged to apply for the Stanbic Bank school comprehensive insurance which covers them against hazards such as fires, floods, and accidents.

“In the past, we have seen cases of schools getting burnt, school buses overturning and many other calamities; our Stanbic School Comprehensive product is designed to protect you from such and ensure business continuity,” said Dogo Singh, the head of Bancassurance.

Dogo added that for parents seeking to relieve themselves from the stress that comes with paying out of pocket when children fall sick, the Stanbic MediProtect would help.

“Most Ugandans don’t have medical insurance mainly because it is expensive. Therefore, we created an affordable solution called ‘MediProtect’ in partnership with Prudential. With as low as Ugx600,000, a parent can have their child insured for a year, relieving you of the stress that comes with paying for hospital bills out of pocket,” Dogo added.

INSURANCE PENETRATION VIS-A-VIS BANCASSURANCE

Currently the insurance penetration in the country is at less than one percent (0.85%) according to the Insurance Regulatory Authority (IRA). But ever since the incorporation of insurance services into banking services over two years ago through a joint partnership by Bank of Uganda and the Insurance Regulatory Authorities, the number is growing according to Dogo.

He said that currently, Stanbic Bank has about 123,000 clients onboard their Bancassurance platform. However he says, there is still a lot of work to be done to increase the portfolio.

On whether commercial banks are taking clients away from insurance agents, Dogo had this to say: “Our growth most especially comes from the current portfolio of clients who were not consuming insurance, and not existing clients from insurance industry players.”

By WE TALK SENSE

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“Economies transform at the convergence of technologies. It's never a single technology that changes everything because technologies are always interdependent with other technologies. And sometimes when a few amazing technologies converge, it's enough to completely transform society.”

― Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth

“New technologies are impacting consumer consumption and driving technological innovations in digital media, so if you want to remain relevant you must become comfortable with the ever-changing creative process.”

― Germany Kent

“First we thought the PC was a calculator. Then we found out how to turn numbers into letters with ASCII — and we thought it was a typewriter. Then we discovered graphics, and we thought it was a television. With the World Wide Web, we've realized it's a brochure.”

― Douglas Adams

“Western society has accepted as unquestionable a technological imperative that is quite as arbitrary as the most primitive taboo: not merely the duty to foster invention and constantly to create technological novelties, but equally the duty to surrender to these novelties unconditionally, just because they are offered, without respect to their human consequences.”

― Lewis Mumford

“The paramount doctrine of the economic and technological euphoria of recent decades has been that everything depends on innovation. It was understood as desirable, and even necessary, that we should go on and on from one technological innovation to the next, which would cause the economy to "grow" and make everything better and better. This of course implied at every point a hatred of the past, of all things inherited and free. All things superceded in our progress of innovations, whatever their value might have been, were discounted as of no value at all.”

― Wendell Berry

“Technology tends toward avoidance of risks by investors. Uncertainty is ruled out if possible. People generally prefer the predictable. Few recognize how destructive this can be, how it imposes severe limits on variability and thus makes whole populations fatally vulnerable to the shocking ways our universe can throw the dice.”

― Frank Herbert, Heretics of Dune

“Information is strength without coordination. We become a danger mostly to ourselves when we have it. Understanding is the ability to coordinate that raw information in meaningful ways. Understanding creates a certain enthusiasm. We can direct our knowledge toward potentially useful ends--but we may also be a danger to others. Wisdom, however, is knowing how, when, and why we use our understanding; wisdom is settling into our understanding without being too enamored by it.”

― Shane Hipps, Flickering Pixels: How Technology Shapes Your Faith

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Photo Credit/CEO East Africa Magazine: "In a new regulatory move, all banks in Uganda are required to increase their minimum capital from UgShs.25 Billion to UgShs.120 Billion by 31st December 2022 and UgShs. 150 Billion by June 2024. The increases in the minimum capital buffers are intended to match the dynamism of the economy, incentivise shareholder commitment, enable institutions to withstand shocks and to converge with regional peers." – Dr. Tumubweine Twinemanzi, PhD, Bank of Uganda, Executive Director | https://bit.ly/HZiQZ-BOU_REVISED-CAPITAL-LIMITS | For Stanbic Bank Free Bills Payment and More, Dial: *291# or Download the FlexiPay Uganda App│Register for a FlexiPay Wallet │ Enter Refferal Code: I25UNZ │Donate to the vulnerable using FlexiPay │Call Centre Toll Free: 0800 251 251/0800 250 250/0800 150 150 . [Please Note: Referral Code Letter (ABC) is I (Capital of Letter i) NOT a digit (123) to wit. 1]

 “Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state.”

― Carl Menger

“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the Earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough money to buy it back again.

Take this great power away from them and all great fortunes like mine will disappear, and they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.”

― Sir Josiah Stamp

“Banks were once an extremely valuable part of the economy and did a lot of good in advancing civilization. Banks played a pivotal role in financing big projects like roads, bridges, factories, stadiums, etc. Banks were to the economy what the heart is to the human body. But that has ended.

Traditional banks have become extra toxic entities in the economy. It’s partially the fault of excessive government regulations that have made everything dysfunctional and it’s partially the fault of greedy bankers putting profits above customers and shareholders above society... But nonetheless, banks today offer very little benefit to their clients. They pay barely anything in interest. They offer barely anything in growth. They move money too slowly. They’re too restrictive. They’re selling the same boring products and services they did a hundred years ago. And they have too much power over peoples accounts. Soon, the many new companies and applications that emerge on the Ethereum infrastructure will eliminate the need for traditional banks and eliminate their value proposition by providing people with superior value. Everything from growth to asset management to lending can be done even better on the Ethereum infrastructure by anyone.”

― Hendrith Vanlon Smith Jr

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♦ FLEET MANAGEMENT

♦ REPLACEMENT

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Please Note:

♦ Spacious SUV, Seven (7) Seater, Larger than a Land Cruiser VX 300

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File Photo/Courtesy: "Despite the tight intelligence network to uncover VAT fraudsters, they continue to play tricks to evade tax as a way of reducing their tax liability. These taxpayers intentionally falsify their financial declarations to the Uganda Revenue Authority." – Kugonza Kateeba Denis | https://bit.ly/HZiQZ-URA-VAT_FRAUD_SCHEMES | https://bit.ly/3jEj6hM |  #StopTaxFraudUG  | #TaxFraudAlertUG | For Stanbic Bank Free Bills Payment and More, Dial: *291# or Download the FlexiPay Uganda App│Register for a FlexiPay Wallet │ Enter Refferal Code: I25UNZ │Donate to the vulnerable using FlexiPay │Call Centre Toll Free: 0800 251 251/0800 250 250/0800 150 150 . [Please Note: Referral Code Letter (ABC) is I (Capital of Letter i) NOT a digit (123) to wit. 1]

“When an entrepreneur becomes a billionaire by sucking all the resources from the world, nobody calls them a thief, yet when a homeless person steals a loaf of bread it is considered a heinous crime against humanity. If this is humanity, then I beg to report, you people are worse than animals.”
― Abhijit Naskar, Solo Standing on Guard: Life Before Law

“The fraudulent behaviour does not make a man of conscience. Sooner or later fraud gets exposed and the fraudster, not only loses other esteem but also loses self-respect”
― Ehsan Sehgal

“One of life’s ironies is that the more honest and vulnerable you are, the more others try to discredit you as a fraud and a fake. Shut them up by not caring.”
― Dan Pearce, Single Dad Laughing

“When you're dealing with frauds and liars, listen more to what they don't say than what they do.”
― DaShanne Stokes

“Leadership by deception isn't leadership. It's fraud.”
― DaShanne Stokes

“Reject the fake life. Reject the life of the fraud. Reject the persona life, the masked life. Stop faking it. Stop living in bad faith. Shatter the false ceiling. Become who you are. Become authentic. Get active. Get real. Get going.”
― Thomas Stark, The Book of Thought: Mind Matters

“The bankers own the Earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take away from them the power to create money and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.”
― Josiah Stamp

“I didn’t set out to commit a crime. I certainly didn’t set out to hurt anyone. When I was working at Enron, you know, I was kind of a hero, because I helped the company make its numbers every quarter. And I thought I was doing a good thing. I thought I was smart... but I wasn’t. I wake up every morning, and I take out my prison ID card, which I have with me here today. And it makes certain that I remember all the people. I remember that I harmed so many people in what I did. It encourages me to try to do the little things that I can to make amends for what I did.”
― Andrew Fastow

“When we take something and don’t pay the price for it, we are punished by the world for fraud, crime or corruption. Such punishment gives us pain in proportion to what we have taken illegitimately from the world. However, when we voluntarily refuse to take anything from the world while sharing what we have with it, we get praise and honour in return, and that gives us joy.”
― Awdhesh Singh, 31 Ways to Happiness

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MULTI-PARTISAN APPLAUD FOR STATE HOUSE DILIGENCE IN THE COUNTRYWIDE DISPERSAL OF THE ZONAL INDUSTRIAL HUB INITIATIVE

“Make Zonal Industrial Hub Initiative a success story” – State House Comptroller Barekye tells beneficiaries

The State House Comptroller Jane Barekye (second left) being congratulated by the Member of Parliament for Kilak South of the FDC Party Olanya Gilbert (left) in the presence of the Director of Industrial Hubs and Presidential Projects at State House, Eng. Raymond Kamugisha (right) for the good work President Yoweri Museveni has done; this was during the 1st graduation of the Presidential Initiative for Zonal Industrial Parks for Skills Development, Value Addition and Wealth creation at the Acholi Zonal Industrial Hub in Gulu district, Aswa County, Unyama Sub-county, Oding Village on 3rd January 2023. Photo by PPU / Tony Rujuta. | For Stanbic Bank Free Bills Payment and More, Dial: *291# or Download the FlexiPay Uganda App│Register for a FlexiPay Wallet │ Enter Refferal Code: I25UNZ │Donate to the vulnerable using FlexiPay │Call Centre Toll Free: 0800 251 251/0800 250 250/0800 150 150 . [Please Note: Referral Code Letter (ABC) is I (Capital of Letter i) NOT a digit (123) to wit. 1]

watchdoguganda.com, January 04, 2023, 11:23AM | The State House Comptroller, Ms. Jane Barekye has tasked the youth to make the Zonal Industrial Hub Initiative a success story so as to push Uganda’s socio-economic transformation agenda.

To say this, Ms. Barekye was passing out 212 students who graduated at the Acholi Zonal Industrial Hub after completing a free- five months skills development training in the different vocational disciplines on Tuesday, 3rd January, 2023.

The State House Comptroller said President Yoweri Museveni initiated the Industrial hubs project across the country in order to enhance youth skilling and training. She therefore requested the beneficiaries not to disappoint the President by making the initiative a success story.

“Use the skills you have acquired here to work and improve your livelihoods and that of your families,” Ms. Barekye advised.

“Please do not disappoint the President. Ensure that this becomes a success story; so go out and embrace the President’s vision of transforming Uganda socially and economically,” she added.

Concerning a request by Acholi leaders to increase the number of in-take in the industrial hub, the comptroller asked them to be patient because State House has got other industrial hubs across the country, they facilitate yet the funds are still limited.

“There’s a possibility to implement your request once Parliament increases State House’s budget,” Ms. Barekye assured.

The Comptroller further said that the President will provide beneficiaries with a common user facility equipped with machines which will be used by everyone for free to manufacture goods which they will take to the market to sell and earn a living.

The State House Comptroller Jane Barekye makes her remarks at the 1st graduation of the Presidential Initiative for Zonal Industrial Parks for Skills Development, Value Addition and Wealth creation at the Acholi Zonal Industrial Hub in Gulu district, Aswa County, Unyama Sub-county, Oding Village on 3rd January 2023. Photo by PPU / Tony Rujuta.

Mr. Odong Jimmy, the Manager of the Acholi Presidential Industrial Hub, said that the trainees underwent a free- five months training starting from 4th August 2022 to 23rd December 2022 and were awarded Directorate of Industrial Training (DIT) Level I Certificates.

Mr. Odong said that the hub admitted 220 students from 10 administrative units namely; Amuru district, Nwoya district, Omoro district, Gulu district, Gulu city, Pader district, Lamwo district, Agago district, Kitgum district, Kitgum municipality and each was given a slot of 22.

He said out of the 212 participants (99 males and 113 females), 60 did tailoring comprising of four male and 56 females, 35 males did carpentry, 58 did welding (two females and 56 males) and 59 did hairdressing( 55 females and four males).

Mr. Odongo further told Ms. Barekye that due to the acquired skills, the beneficiaries are now ready to propel socio-economic transformation of Acholi Sub Region and Uganda at large.

The State House Comptroller Jane Barekye (center) celebrate with students, local leaders and teachers as they celebrate the 1st graduation of the Presidential Initiative for Zonal Industrial Parks for Skills Development, Value Addition and Wealth creation at the Acholi Zonal Industrial Hub in Gulu district, Aswa County, Unyama Sub-county, Oding Village on 3rd January 2023. Photo by PPU / Tony Rujuta.

He also commended President Museveni for this great initiative and requested him to increase the number of beneficiaries per intake to be increased from 220 to 500.

Mr. Echugor Charles, the Gulu Resident District Commissioner also commended President Museveni for imparting knowledge to the youth through trainings at Zonal Industrial Hubs.

He also urged all leaders including his fellow RDCs and deputies to ensure that they work closely and ensure that the Presidential initiative is a success.

Other dignitaries present at the event were; Hon. Acora Nancy Odonga Woman Member of Parliament for Lamwo district, Hon.Olanya Gilbert, Member of Parliament for Kilak South Amuru district, Mr. Naamara Anthony, the Commissioner Local Government, Mr. Michael Okumu the Deputy Director of the Directorate of Industrial Training, Eng Raymond Kamugisha, the Director of Presidential Projects & Industrial Hubs, Mr. Opiyo Christopher Ateker, the Chairperson Acholi Hub among others.

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OFFER:

OPERATING/TRUE LEASE RATES INCLUDE:

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♦ INITIAL UP TO FIVE YEARS, EXTENSION UP TO THREE YEARS

♦ COMPREHENSIVE INSURANCE

♦ FREE KILOMETRES – 2,000KM/MONTH (LOW USAGE BAND)

♦ FREE MAINTENANCE

♦ FLEET MANAGEMENT

♦ REPLACEMENT

♦ RESIDUAL VALUE FIRST RIGHT OF REFUSAL

Please Note:

♦ Spacious SUV, Seven (7) Seater, Larger than a Land Cruiser VX 300

OPERATING/TRUE LEASE RATES EXCLUDE:

♦ FUEL

♦ EXCESS KILOMETRE/MILEAGE CHARGE

♦ VAT ( CURRENTLY 18%)

🌐 iSpecial Mobility Ecosystem