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BUSINESS PICTORIAL: News from Jubilee Insurance, Raxio Data Centre and more…

In the news this week, Broll Uganda one of the latest entrants into the property market, takes over management of UNHCC’s Crested Towers building and Raxio Data Centre says construction of their hitech facility in Namanve is 70% complete and oncourse for launch, come January 2020. Also in the news, Jubilee Insurance launches a women’s knowledge sharing platform.



1 of 4: Africa Logistics Properties (ALP) hosts supply chain networking breakfast forum.

LEFT -RIGHT: Maruza Chikwanha- Development Director Africa Logistics Properties, Richard Hough, CEO Africa Logistics Properties; Tariq Arain, Sub Regional Development Manager, EA, Kuehne + Nagel; James Rusty Eason, Global Technical Adviser, Global Cold Chain Alliance; Joseph Kariuki, Head of Transport – Freight Forwarders Solutions and Tim Steel, CEO Copia, as Panelist during a Supply Chain Networking Breakfast Forum hosted by Africa Logistics Properties forum

2 of 4: Jubilee Insurance Launches The Jubilee Mum’s Club, a knowledge sharing hub for women

Barbara Mulwana (3rd Left), the Executive Director of Nice House of Plastics and Jubilee Insurance CEO, Mr Deepak Pandey (4th right) officially launch the Jubilee Mum’s Club at Serena Kampala on 1st October 2019. The Jubilee Mum’s Club is a platform for mothers; aspiring, new and experienced, to share their maternal acumen on motherhood and other key aspects of life such as care of the family, parenthood, financial and women’s general health matters.

3 of 4: Broll Uganda, takes over management of Crested Towers Building from Knight Frank

Engineer Kenneth Kaijuka, Acting CEO National Housing and Construction Company (NHCC) officially handing over property and facilities management of the Crested Towers building to Mr. Moses Lutalo, Broll Uganda Country Manager, during a press conference held on 1st October at Rwenzori towers. Founded in 1975, Broll Property Group is one of Africa’s leading commercial property services company with offices in major cities and towns in South Africa as well as operations in Cameroon, Ghana, Indian Ocean Islands, Ivory Coast, Kenya, Mozambique, Namibia, Nigeria, Swaziland, Uganda and Zambia and provides real estate services in other African countries.

4 of 4: Construction of Raxio’s Data Centre at 70%, opening due for January 2020

The Raxio Data Centre facility, set to be the first private tier 3 data centre in Uganda will be launching in January 2020. In picture; Raxio Executives taking a tour of the facility progress along with main Contractor (Roko), MEP contractor (Giza systems), all consultants including Future Tech (the main consultant) and architect Symbion.  Construction is currently under progress at Namanve Industrial Park.

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PICTORIAL: More breathtaking views inside the new Kampala Latitude 0° Hotel

On their website, this is how Latitude 0° describe themselves: “We are more than just a hotel with 47 guest rooms and suites, a 24-hour front desk, and fast airport transfers. We are two restaurants and three bars with culinary delights and a wide variety of drinks from all corners of the world. We are a haven for relaxation and fitness through our spa, gym and swimming pools. We are a socialising and networking centre with lounges, rooftop bar, private dining and entertaining spaces, and a calendar filled with music, art, fashion and business events. We are a co-working hub with private workspaces, meeting and conference rooms. A unique African lifestyle hospitality, blending modern urban Africa with a cosmopolitan twist.
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The Latitude Restaurant is the first restaurant that you will see past the lobby. It has a bar and a lounge that serves continental food. The colors used here make it very appealing tot he eyes.

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The Other Side Restaurant is distinctively different from the Latitude Restaurant. Even the appearance of the bar is very different and in here some of special kind of drinks that severed here different from what is served at the other restaurants.

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The Upper side is a very relaxing place that is perfect for the weekend. It feels and gives a beach vibe and with the view of Lake Victoria, all that is missing is sand and it look like a beach in Hawaii.

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For people who may not enjoy the lounges or the interior of the hotel, there are a couple of courtyards for you to relax. The tiles in the courtyards are imported from Morocco.

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The Treatment rooms in the spa where deep tissue massage, aroma therapy, and so many other types of massages are done using organic products from Zambia.

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The conference room can reorganized to carter for small groups of people to do their work. It can also be reorganized to be one group of people. There is Wi-Fi connection here to make access to the internet easy.

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A double standard room is currently at a promotional rate of 219 USD but after the promotion, it will be 310 USD per night. The rooms come with access to Wi-Fi, both full body tubs and walk-in showers, complimentary sparkling and still water, and so much more.

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On top of the natural light that the rooms use, all the 47 rooms have body bath rubs and walk in showers. They have water heaters in case a guest needs hot water to shower. Latitude has rooms for single and double occupancy.

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The work place suite where work can be done in groups or privately. The guests of the Works have access to the other side restaurant, the spa, gym and also the pool.

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Kampala is known for having very many Boda bodas and the hotel represents the significance of the boda bodas with this art work done by Ugandan artist Patrick Mulondo. This is representative of the way Latitude plans to take on some of the Ugandan culture and beliefs in the hotel.

To read more about Latitude’s new location click here

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PICTORIAL: Construction of the Aga Khan University Hospital (AKUH) to start this July



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Commercial Justice

Bank of Uganda is not above the law and must be audited- Kadaga



The Speaker of Parliament, Rt. Hon Rebecca Alitwala Kadaga has ordered that the forensic audit into bank of Uganda by the Auditor General of Bank of Uganda’s takeover of Crane Bank in October 2016 and subsequent sale in January 2017 should go ahead as it does not contravene the sub judice rule being pleaded by Bank of Uganda.

NO TIME TO SMILE: Kadaga (R) has instructed the Auditor General, Mr John F.S Muwanga (L) to disregards the Solicitor General’s advice on BoU, saying that there is no public institution created by the law in Uganda that is not subject to audit

The forensic audit into the sale of Crane Bank and other banks taken over and or sold by Bank of Uganda was ordered by the Parliamentary Committee on Commissions, Statutory Authorities & State Enterprises (COSASE) in April 2018 following an outcry from the public and the bank’s shareholders over a number of glaring irregularities.

However, The Auditor General on 23rd April 2018 wrote to the Speaker seeking clarification on whether he should go ahead with the Audit ordered by Parliament. This was after an April 19, 2018 letter by BoU Deputy Governor Dr. Louis Kasekende to the Attorney General protesting against the audit on grounds that such an inquiry offends the sub-judice rule.

On May 2nd 2018, Mr Christopher Gashirabake the Deputy Solicitor General wrote back to the BoU Governor on May 2 ordering the bank not to cooperate with either the Auditor General or Parliament regarding an investigation into the sale of Crane Bank on subjudice grounds.

The sub judice rule largely is applied to mean that a matter is already in the courts of law (under judicial consideration) and therefore is prohibited from public discussion elsewhere.

Bank of Uganda is not above the law

TALKING TOUGH: Kadaga says that any clarifications on any decisions by parliament should be referred to her office and not any other office; even the Solicitor General’s.

However Kadaga in a 10th May 2018 letter Ref: AP 116/161/01 to Mr. John F.S Muwanga, the Auditor General, titled: “Clarification on the special audit on the defunct banks

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