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Ugandans Challenged to Raise $100M Infrastructure Bond

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Ugandans Challenged to Raise $100M Infrastructure Bond 36 NEW VISION, Monday November 5, 2013 BUSINESS BR D IE L F R I N Ugandans challenged to raise O G W Kenya charges four men $100m infrastructure bond A Kenyan court on Monday charged four By Samuel Sanya nSomali men with “terrorism” offences for helping al Qaeda-linked militants who attacked a Reliable power supply, good shopping mall in Nairobi in September, an assault roods and access to clean water that killed 67 people. The charges included are taking up almost two thirds offering support, providing shelter and providing of the current national budget false documents to suspected gunmen, who were 2013/14. Despite this, the linked to the al-Shabaab. allocations are still below the required infrastructure spend. James Mworia, the Centum Sata threatens Konkola Copper Investments boss has Zambian President Michael Sata threatened on challenged Ugandans to close nMonday to revoke the licence of Konkola Copper the gap by mobilising $100m Mines, owned by London-listed Vedanta Resources, (sh260b) annually through a if the company goes through with a plan to lay off tax free infrastructure bond to more than 1,500 workers. “If he is threatening to lay rehabilitate key infrastructure off people let him lay off one and we will take away projects. the licence from him,” Sata told state-run ZNBC. “Infrastructure is a critical driver of competitiveness and Only 20% or 4,000km of the 20,000km national road network is tarmacked all five East African countries are below number 100 out of 148 countries when it comes to Hotel, Kampala on Friday. The Mworia noted that the total KATAKWI DISTRICT LOCAL GORVENMENT infrastructure according to the awards recognise individuals BUSINESS infrastructure spend should ADDENDUM World Economic Forum Global and companies that promote least reach 10% of Gross Competitiveness Survey 2013, the capital markets in Uganda. OUTLOOK Domestic Product or $2b Katakwi district local gorvenment would like to add some details in the “Governments should Only 20% or 4,000km of (sh5.2 trillion) each year for the advert that appeared on the 14th/10/2013 and also extend the date of consider issuances of the 20,000km national road Rwanda recently next 10 years for the country to submission of bids as follows; infrastructure bonds and network is tarmacked. National nlaunched $400m attain middle income status. 1. include item of borehole casting and installation For lot 1, 2 and 3 consider deliberately roads make up just 25% of sovereign bond, Zambia He challenged Uganda to at 36 meters. launched a $750m 2. For lot 2 and 3 only include an item of sitting and drilling supervision. supporting quality local private Uganda’s estimated total road follow in the footsteps of Kenya infrastructure projects to come network but are the busiest. sovereign bond and and Rwanda who have issued The deadline for submition of bids is extended to Friday, to the market and raise debt,” Maria Kiwanuka, the finance Kenya raised over $ large bonds to boost their 13st November, 2013. he said. minister allocated 18% or sh2.4 250m in a 12-year infrastructure spend. Chief Administrative Offi cer Mworia was the chief speaker trillion of the current national infrastructure bonds in There are 15 listed companies Katakwi District Local Government. at the 11th Kikonyogo Capital budget to the roads and works 2010 on the Uganda Stock Exchange Markets Awards at the Serena sector up from sh1.7 trillion. up from 14 companies in 2011. MAKERERE UNIVERSITY P.O. Box 7062 Kampala Uganda Tel: Gen. 256-414-532631/4 Cables: “MAKUNIKA” Direct: 256- 414-542096 Kabushenga tips MBA INVITATION FOR EXPRESSIONS OF INTEREST students on leadership Makerere University is the oldest and The Expressions of Interest in English largest tertiary institution in Uganda with may be purchased by interested firms on a global reputation for 1st class education the submission of a written application to By Ibrahim Kasita and research facilities. the address below and upon payment of Let people a non-refundable fee of Shs. 100,000/= Robert Kabushenga, the Vision Makerere University has now finalised (One hundred thousand Uganda Group CEO has advised future know that they plans to use Public private Partnership shillings only). managers to handle people (PPP) model to develop and maintain well because they are the pillar are at liberty her infrastructure and assets. Proposed The method of payment will be either that organisations’ failure or projects include Hotel and Convention a bank draft in the names of Makerere success. to innovate. If centre at Makerere University Guest University Council or Cash payment at “Let people know that they House, New Halls of Residence and a Stanbic Bank, Makerere Branch, A/c are at liberty to innovate,” they fail, do not Student Centre at Main Campus and No.0140018638901 and thereafter get he advised the Makerere Katanga, Shopping Mall at Bwaise and a receipt from the University Revenue University Master of Business punish them for Katanga, Hotel/Apartment at Makindye Office in the Main Administration Building. Administration (MBA) Hill, Upper Market Apartments in Kololo students. the failure and Teaching Hospital at Katalemwa, Expressions of Interest must be delivered “If they fail, do not punish Vision Group CEO, Kabushenga among others. to the address below at or before them for the failure. Punish for 10.00am, Friday 6th December 2013. wrong doing. If you don’t have goodwill from the people you risks. He shared his thoughts interests keep changing. You Makerere University now invites suitably Late submissions shall be rejected. are finished.” on what makes successful need to check the strategic qualified firms/potential bidders with good Kabushenga was the chief business leaders unique. interests,” he advised. track record to submit Expressions of Address for submission of Expressions of speaker at the MBA finance “Invest in understanding what “Sometimes you have to Interest for the PPP projects. Expressions Interest: seminar held at the College motivates each individual,” he sacrifice profitability for of Interest will be evaluated in accordance Makerere University of Business Management and said. “You need to realise how employees salary increment with the Public Procurement and Procurement & Disposal Unit Sciences (CoBAMS) recently. well to get people do the work and better working conditions. Disposal of Public Assets Act, 2003 of the Lincoln Flats A 5 He presented a paper: “The but also for them to feel a part Never sacrifice a member of Government of Uganda. The Invitation is P.O Box 7062, Kampala role of a CEO in Running of the shared outcome.” your team.” open to all eligible bidders. a Successful Enterprise: Kabushenga advised the Kabushenga advised the Makerere University reserves the right Particular attention to Agency future business leaders students to always seek advice, Interested eligible firms may obtain to accept or reject any expression(s) of Costs.” to understand the needs listen and keep searching for further information from Procurement Interest. In his presentation, and strategies of their key wisdom. “All the problems & Disposal Unit; Lincoln Flats A 5 and Kabushenga provided stakeholders if they are to we are facing now have been inspect documents at the address given University Secretary/Accounting Officer attendees with a nuanced succeed. resolved by other people. below during working hours (8.00am- Makerere University understanding of the changes “This is creative tension You need to develop the 5.00pm) or at www.tenders.mak.ac.ug taking place in the managerial because different stakeholders culture of reading books and world and the emerging have different strategies and professional journals to get opportunities, challenges and expectations. But strategic new knowledge.”.
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