Uganda’s Private Sector Activity Expands in March – PMI

Private sector activity in Uganda expanded in March compared to the previous month, with companies reporting a boost in production and sales volumes, the inaugural results of a new survey index showed on Wednesday.

The Markit Stanbic Bank Uganda Purchasing Managers’ Index (PMI) rose to 53.5 last month, up from 50.9 in February, the survey report said. Markit collected data for 10 months prior to launching the PMI.

“Companies reported increases in both output and new orders for the second straight month in March,” the report said, adding higher activity was reported in a range of sectors including agriculture, industry, services and wholesale and retail.

The findings of the survey offer a glimmer of hope after Uganda’s central bank said overall economic expansion is slowing.

This month, policymakers cut the benchmark lending rate by 50 basis points to 11 percent to speed up private sector credit flow and boost flagging growth.

The new Markit Stanbic survey found hiring by firms was also rising on the back of the higher orders.

“Staffing levels rose in the agriculture, services and wholesale and retail sectors,” the survey said.

The east African economy, which mostly relies on coffee for its foreign exchange needs, is expected to begin crude oil production in 2020.

– Kindly note: Detailed PMI data are only available under licence from Markit and customers need to apply to Markit for a licence. To subscribe to the full data, click on the following link: www.markit.com/Contact-Us. For further information, please phone Markit on +44 20 72602454 or email economics@markit.com.

Originally reported by Reuters.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

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Geldof’s 8 Miles invests in African fruit firm

Irish rock star Bob Geldof’s 8 Miles private equity fund said on Monday it had acquired a minority stake in UK-incorporated Blue Skies, a fresh-cut tropical fruit producer with operations in several African countries.

Financial details of the transaction were not disclosed.

Blue Skies, founded in 1997 and with more than 4,000 employees to its name, posted revenues of 89.6 million pounds ($113 million) for the year ending December 2016.

It has plans to expand its core fresh-cut fruit business, increase production capacity in South Africa, launch a fresh juice operation in Egypt and develop new product lines for some of its markets in Africa.

Africa-focused 8 Miles, whose name comes from the shortest distance between Europe and Africa across the Straits of Gibraltar, typically invests $15-$45 million at a time.

Its portfolio includes Ethiopian wine producer Awash Wines, Ethiopian feedlot operator Verde Beef Processing, Uganda’s Biyinzika Poultry and Nigerian biscuit-maker Beloxxi Industries.

Originally reported by Reuters.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Queries Feel Free to Contact :

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Strategic Business & Intelligence Division,
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Connect : LinkedIn – Twitter – Facebook – Quora

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China’s Sinoma to build $1 bln cement plant in Tanzania

China’s state-run Sinoma International Engineering Co. will start work in May to build a $1 billion cement factory in Tanzania, the East African country’s prime minister’s office said.

The cement factory to be built on the Tanzanian coastal town of Tanga will primarily target export markets in neighbouring Democratic Republic of the Congo (DRC), Uganda and Sudan.

“About 70 per cent of the cement output will be exported, with the remaining 30 per cent to be sold in the domestic market,” the prime minister’s office said in a statement late on Tuesday.

“The company will also build a wharf (at the Tanga port) to facilitate export of cement from the plant.”

The statement did not give details of the estimated capacity of the proposed factory.

Prime Minister Kassim Majaliwa held talks on Tuesday with the president of China National Building Materials Group Corp (CNBM), the Asian country’s biggest construction materials producer, to discuss the project.

Cement makers present in Tanzania include Dangote Cement, a unit of Nigeria’s Dangote Cement, Kenya’s ARM Cement and subsidiary plants of Germany’s Heidelberg Cement AG, Afrisam Mauritius Investment Holdings Limited and France’s Lafarge SA.

Tanzania produces around 7 million tonnes of cement a year, with demand seen growing at close to 10 per cent per annum, according to government estimates.

Cement consumption is viewed as a gauge of construction activity, one of the main drivers of economic growth in the country.

Originally reported by Reuters.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Queries Feel Free to Contact :

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Strategic Business & Intelligence Division,
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Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Africa :
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Uganda’s GDP to grow 5.5 pct, boosted by oil & rate cuts – budget paper

Uganda’s economy will grow 5.5 percent in the year to June 2018, edging up from estimates for the current fiscal year thanks to lower borrowing costs and higher oil sector investments, a budget paper seen by Reuters on Monday showed.

The East African country’s central bank began a round of policy easing last April, since when the benchmark rate (CBR) has dropped from 16 percent to 11.5 percent.

“Growth will be supported by a recovery in private sector credit due to the easing of monetary policy,” the finance ministry’s budget framework said.

Issuance of crude production licenses would boost activity in the oil sector, also aiding growth, the paper said.

Uganda discovered crude reserves the government now estimates at 6.5 billion barrels about a decade ago in its western region along the border with the Democratic Republic of Congo.

Commercial production is expected to start in about four years, when an export pipeline through Tanzania to the Indian Ocean coast is due for completion.

Last year the government issued production licenses to France’s Total and UK explorer Tullow Oil.

The government expects economic growth of 5 percent in the year to June 2017, 50 basis points lower than it estimated last June due to the impact of war in neighbouring South Sudan, depressed commodity prices and slower implementation of public infrastructure projects.

Uganda is developing multiple infrastructure projects including expressways, hydropower dams, airport refurbishment, and a standard gauge railway line.

Overall public spending in the next fiscal year is forecast to decline to 24.3 trillion shillings ($1.20 billion) from 26.4 trillion, with much funnelled into civil works and the transportation and energy sectors, the paper said.

War in South Sudan has virtually cut off transport routes and disrupted trade between the two countries.

Total domestic debt issuance via Treasury bills and bonds in the next fiscal year is forecast to rise 7 percent to 1.5 trillion shillings, the paper said.

The government, which tends to vastly overshoot its stated debt target, said last June it planned to issue bills and bonds worth 612 billion shillings in fiscal 2016/17.

Originally reported by Reuters.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Queries Feel Free to Contact :

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Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
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Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

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Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
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Enel Green Power Gives Renewable Energy to New Paediatric Surgery Hospital in Uganda

Enel Green Power (EGP) is participating in the project of Emergency and the architect Renzo Piano for the construction of a paediatric surgery hospital in Entebbe, Uganda, which will become the new centre of paediatric excellence in Africa.

EGP will provide 2,600 thin-film photovoltaic modules manufactured at its 3Sun factory in Catania, for a total of 289.24 kWp (kilowatt peak). The plant, which can be connected to the local medium voltage distribution grid, will give the new hospital energy autonomy and sustainability.

“We are proud to participate in this project, which will allow thousands of African children to be operated on and cared for”, says Francesco Venturini, Enel’s Head of Global Renewable Energies Division Enel Green Power. “For our company, social responsibility also means being present and making a tangible contribution to important initiatives for the populations of the countries in which we operate. The hospital, also thanks to our photovoltaic system, will boast high energy efficiency standards and will be an example of sustainability and Italian technological excellence”.

The photovoltaic system will be installed on the roof of the hospital in such a way as to ensure its integration with the hospital’s architecture, and it will also shelter the underlying structures from sunlight and rain. EGP will provide both the photovoltaic modules and the engineering and site assistance services during installation and testing, as well as covering the cost of transporting the panels.

EGP has involved three other Italian donors in the construction of the plant: Santerno (supply and transportation of inverters and other materials), Agatos (design and testing assistance), Terni Energia (supply and transportation of materials, installation and testing).

The new hospital, designed by the architect Renzo Piano, is fully integrated in the surrounding environment. It will have three operating rooms and 78 beds and will make a significant contribution to improving health standards in the area, as well as serving as a focal point for children with surgical needs from all over Africa. The hospital will also be a training centre for young doctors and nurses from Uganda and neighbouring countries.

Africa is a major area of development for EGP, which is currently present in South Africa with over 400 MW of installed capacity and also has development projects in Zambia, Kenya and Morocco.

Originally reported by Aspire Africa.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Africa :
Email : africa@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
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The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

Medical Smart Jacket Tackles Misdiagnosis of Pneumonia

Jacket would distinguish pneumonia’s symptoms up to four times faster than a doctor, in battle against illness that kills half a million children under five in sub-Saharan Africa every year.

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Brian Turyabagye and his team have developed a biomedical kit for early diagnosis and continuous monitoring of pneumonia patients. 

Ugandan graduate Brian Turyabagye was studying engineering when his friend’s grandmother fell seriously ill. Accompanying her to hospital, he watched as doctors diagnosed malaria and prescribing various treatments accordingly. Only as she lay dying did they realise their initial diagnosis was wrong. It was pneumonia that was killing her.

Turyabagye, 24, was so shocked by the circumstances surrounding the death that he began researching methodologies for diagnosing pneumonia and its treatments. To his surprise, he discovered that the illness affects far more children than it does adults. According to Unicef, pneumonia kills half a million children under five in sub-Saharan Africa every year, with the region accounting for half of all global deaths from pneumonia of children under five.

“Many of those deaths are because of misdiagnosis,” says Turyabagye. “In the villages and remote areas, children get sick – and the first reaction is to treat them for malaria. Most people are aware of malaria, and the signs for malaria and pneumonia are very similar, so it is difficult for health professionals to differentiate.”

Even when a correct diagnosis is made, treatment is often unavailable. According to the Uganda Paediatrics Association, fewer than 20% of children with pneumonia receive antibiotics, which cost less than $1 (£81p).

So Turyabagye began designing a biomedical smart jacket that would distinguish pneumonia’s symptoms – temperature, breathing rate and sound of the lungs – and eliminate most human error, diagnosing pneumonia at a rate three to four times faster than a doctor.

He named it “Mamaope”, or “mother’s hope” – a reference to the 27,000 children who die of pneumonia in Uganda every year.

The Android app that accompanies the Mamaope jacket

The Android app that accompanies the Mamaope jacket.

“We focused on the distinguishing signs of pneumonia,” says Turyabagye. “One of the processes that most doctors use is a stethoscope to the check the lungs. But [pneumonia] tends to be on side points around the body, not just in the chest or back. Its accuracy of being able to diagnose what is healthy, and what is not, is very encouraging.”

Currently a prototype, the Mamaope jacket will undergo an official national medical examination in January. Certification for use in health centres and hospitals is expected by spring.

The jacket could be a major boon to diagnosing, treating and preventing pneumonia in sub-Saharan Africa. Despite international progress tackling measles, HIV and Aids and tetanus, funding towards eradicating pneumonia remains extremely low: for every dollar spent on global health in 2011, Unicef says, only two cents went to pneumonia.

“Although sub-Saharan Africa accounts for half of pneumonia deaths among children under five worldwide, funding for pneumonia prevention, management and treatment in the region remains low,” according to Mark Young, senior health specialist for Unicef.

“More resources and more commitment at the highest level will bring us closer to stopping this disease from being a major child killer.”

The Mamaope jacket was shortlisted for this year’s £25,000 Africa prize for engineering innovation, and Turyabagye hopes this could jumpstart mass production of the jacket for use across the continent.

“Really, we are looking to help the next generation,” he says. “Pneumonia has such a high rate in Uganda and our neighbouring countries, if we were able to distribute in those countries we could save a lot of people.”

Originally reported by the Guardian.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Africa :
Email : africa@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
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Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
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The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.

Uganda Starts Up First Solar Power Plant In Bid To Tap Renewables

soroti-aerial

Uganda on Monday started up its first grid-connected, 10 megawatt solar power plant as the east African country moves to tap its renewable energy resources and expand its electricity generation capacity.

Funded by Norway, Germany, UK and the European Union, the $19 million plant was developed by Access Power and Eren Re, two energy sector investors based in Dubai and France respectively.

Uganda, a prospective crude oil producer of some 34 million people, generates about 850 megawatts of electricity, mostly from hydro power dams.

Officials have said they want to increase that capacity to 1,500 megawatts by 2018 and are seeking foreign investors to develop the country’s non-traditional energy sources such as solar and geothermal.

The plant, a vast field of some 32,600 photovoltaic panels, is located in Soroti in northeastern Uganda and the electricity generated will help power at least 40,000 homes.

Last week Uganda signed a 90 million-euro ($95.55 million)loan deal with German development bank KfW and French government finance agency AFD to build a 45 megawatt (MW) power plant in the country’s west.

Originally reported by Reuters.

Consulting CWIIL Group of Companies, for any / all investment matters ensures advice based on highest level of knowledge which are given to you by a team of select research-oriented experts whom each will do their own assessment of your matter, and also assess it together, thus ensuring that in case a mistake has been made by one, it will be noticed and corrected even before it is being passed on to you. Receiving incorrect and un-knowledgeable investment advice can be disastrous and thus should be avoided.

Remember, no problem has a quick fix solution. Thus, always ensure to consult highly knowledgeable group of professionals whom would provide you with a collective advice, never individual advice. This group advice and approach is unique with CWIIL Group and is based on the overall Management Philosophy of all CWIIL Group Companies.

CWIIL Group of Companies is a global group of multi-specialized units with diversified interests and activities, wherein each company is a separate legal entity registered under prevailing laws in different parts of the world. CWIIL Group of Companies Products, Services, Project and Solutions are in a multitude of Verticals including, but not limited to, Infrastructure, Power, Oil & Gas, Legal, Media, Technology, ITES, HR, Shipping, Aviation, Real Estate, Hospitals, Health and Medicine, Education, Funding & Investment, Business and Legal Consultancy, and Public Private Partnerships, and other CWIIL Group Units, worldwide, to name a few.

For Queries Feel Free to Contact :

Mr. Mohammad Mukhtar Mustafa,
Deputy Global Director, No. 4,
Strategic Business & Intelligence Division,
Email : deputy.gd.4@cwiilgroup.eu
Voice : +45.8176.1923
Connect : LinkedIn – Twitter – Facebook – Quora

For Queries Specific to Africa :
Email : africa@cwiilgroup.com , hq@cwiilgroup.eu
Web : www.cwiilgroup.com , www.cwiilgroup.eu

For Any / All Other Queries :
CWIIL Group Global Regional Headquarters Denmark,
Address : No. 1, Klokkebjergevej, DK6900 Skjern, Denmark
Voice : +45.5148.3608
Fax : +45.7014.1498
Email : corpcomm@cwiilgroup.eu
Web : www.cwiilgroup.eu
Connect : LinkedIn – Twitter – Facebook – Quora

Office Hours :
Monday to Friday : 10.00 – 17.00 CET.
Saturday : 10.00 – 14.00 CET.
Sunday : Closed.

The Corporate Communications Team would require minimum a fortnight for Reviewing & Responding to Queries, which please note.