New money load in town Bryan White last Thursday left the town upside down at the UMA comedy store. The pencil thin tycoon splashed cash at UMA that left every reveler astonished. Bryan White who was in the audience came with loads of raw cash to dispose and surely he proved he was the new Don in town.

He started by splashing cash on Mariachi who left with close to 20 50K notes. Fille was next in line, the female singer did not want to leave stage on learning that Bryan White was in audience and surely she got her share. Bryan White splashes another load of cash. The other beneficiaries of the night were APass, Mad Rat and Chiko, Eric Omondi and Mendo who all left with smiles.

Bryan White is now starting to prove the uptown audience as well, its now 6 months and it is still raining money in his empire.

The post Photos: Bryan White splashes cash at comedy store. appeared first on BigEye.UG.

King Micheal is not about to give us a break. After his last year concert the self-proclaimed dancehall King is planning another concert later this years he is working his way up to make things work.

The singer recently shot his latest video addition titled Slay Queen and is said to have costed him close to 10 million shillings.

The singer has reliably informed us it will be released in the first week of April.

The post Photos: King Micheal shoots new video “Slay Queen”. appeared first on BigEye.UG.

By Staff Writer

Aurgualbly Zanie Brown is one of the artists that inspires most the young generation, she not only inspire them thorough her songs, but also she donates to them in a bid to better their lives.

Last year Zanie brown under her organisation Zanie Brown 4 Schools donated to a couple of schools and among them was City Side College which invited her to a function earlier this week as a guest of honor to celebrate with them their excel in the UNEB exams

At the function, Zanie was thanked for the helping hand she offered to them through her donations which included scholastic materials like  text books that the teachers said played a huge role in improving the grades of their students, they even went ahead and gifted her a gift that seemed valuable.

“We thank God that brought you to us in the time that we need you most, and we also thank him for giving you a good heart of charity, you donated to our school products that played a huge part in the students’ academic performances and for that we want to appreciate you” the head teacher said while handing over a gift to Zanie Brown

Later also Zanie was given an opportunity to speak to the students and she thanked them for their good performance in the exams, the singer also advised them to stick to their goals wherever they go  and that they should keep inspiring one another

“Empty pockets never held anyone back. Only empty heads and empty hearts can do that. So No matter what Life throws at you just remember Smooth Seas don’t make skillful Sailors. Keep pushing and Trust God” she added

We also caught up with the singer at her organisation’s office at Quality supermarket Entebbe road for a brief interview and she assured us how she set to resume with her charity this year and that she will be covering over 10 schools and orphanages

The post Zanie Brown Given Special Appreciation by School She Donated to appeared first on BigEye.UG.

Spice Diana seems to be expressing all her emotions in her music releases lately. The singer who is now more known for her TV blunder with her scores has hit at her ex lover many think is a fellow singer. Spice Diana has released her latest video titled “Nasimatuka Ex”.

The female singer is slowly gaining her spot as one of the most loved female singers in the country. Her pace of releasing is not bad at all. She currently is in London  where she held her Easter show alongside Weasel , Ykee Benda and Eddy Kenzo.

Watch it here: https://www.youtube.com/watch?v=_kLSZS_lfCk&feature=youtu.be

The post Video alert: Spice Diana curses Ex-lover in new video. appeared first on BigEye.UG.

Geosteady is on the verge of releasing his very first 2018 project. The singer has teamed up with Nigerian singer Korede Bello of Marvin Records in a song titled “Am into You” which will be released in the few coming days.

Korede Bello is a Nigerian musician who sings mainly Pop music but can also sing RnB and Hip Hop styles. He is the singer behind the successful Nigerian semi-gospel pop song ‘Godwin’.

The post Geosteady teams up with Nigerian Korede Bello in new song ‘Am into you’ appeared first on BigEye.UG.

Team Good Music boss Pallaso who is currently in Australia for his tour has also used the dime and opportunity availed to shoot a new video. We can reliably reveal that Pallaso is shooting a new video from Australia. The video is being shot by the award winning video directors Faido Mugaba and Dop Micheal Cowley.

The musician had some video scenes at Australia Brisbane where some of his visuals to the audio “Tell No Body” were directed and shot by the famous and most crafted directors on the planet. Pallaso however is set to release his visuals and audio upon his return from the Australian tour early this month.

The directors are known for having directed videos of most influential artistes who among other others include Bruno Mars and Neyo.

The post PHOTOS: Pallaso shoots new Video in Australia. appeared first on BigEye.UG.

Money bag and talk of town rich boy Bryan White once again made rain money in Masaka. Bryan White yesterday spent his Easter Monday at Nabugabo beach in Masaka where he had organized an event.

Bryan White as is his norm splashed money to the crowd and also promised to return and pick up the youth through funding their projects.

Here are some moments.

The post Photos: Bryan White shuts Down Nabugabo beach on Easter Monday. appeared first on BigEye.UG.

While the fans are still enjoying his recently released Bambwa audio, popular Ugandan male singer Maro has premiered his Bambwa Video yesterday on Easter Monday.

In the song, Maro reveals how some people are not good, selfish and can’t appreciate what you do in life but they want to so all things to see you fall down adding that he is happy with his life and he will be doing more music for the fans.

The massive track was produced by Bantu production.

The post Maro premiers Bambwa video. appeared first on BigEye.UG.

By Our Reporter

Ugandan athletes that will participate in the Gold Coast 2018 Commonwealth Games have promised to do their best and make the country proud. This was during a breakfast organized by MTN Uganda on Tuesday morning.

“I am going to defend the medal I won in 2014 and also do better,” said Winnie Nanyondo, the 2014 800m Bronze Medalist at the Glasgow Commonwealth Games.

“I promise to do my best and believe that we shall come back with medals,” Juliet Chekwel, a long-distance runner, also added.

MTN Uganda through its sponsorship of several UAF calendar activities hosted the athletes as part of the send-off. According to Valery Okecho, the Corporate Communications Manager at MTN Uganda, the partnership with UAF has been ongoing for the last 14 years, with the highlight being the annual MTN Kampala Marathon.

“We wish you well in Australia and we hope for medals. We are backing you 100%. You are on the world stage and this is an opportunity for you to shine. We do hope that these games translate into your personal success,” Okecho told the athletes.

Speaking at the breakfast, Anne Edatu, the executive representative for the North East at the Uganda Athletics Federation (UAF), expressed confidence in the athletes noting that they have made ample preparations.

“I have confidence that the athletes will do well, considering the training they have been undergoing for the last one and half months. While in the camp, we have been working as a team and we believe there is still an opportunity for growth and success.” She stated.

Uganda will have a team of about 15 athletes, participating in sprints, steeplechase, and long distance races. The athletes include; Winnie Nanyondo, Halima Nakaayi, Juliet Chekwel, Thomas Ayeko, Stella Chessang, Nanziri Emily, Albert Chemutai, Philip Kipyeko, Mercyline Chelangat and Joshua Cheptegei.

The Gold Coast 2018 Commonwealth Games are expected to kick off on Wednesday, 4th April 2018.

The post Ugandan athletes promise to make country proud at the Gold Coast 2018 Commonwealth Games appeared first on BigEye.UG.

Coca-Cola Uganda Brand Manager Ms. Miriam Limo (C)

Following a successful FIFA World Cup Trophy Tour, beverage giant Coca-Cola has launched a new three-month Under The Crown promotion that will see Ugandans get rewarded with exciting prizes by simply consuming a Coca-Cola product.

Dubbed ‘Samba Ne Coca-Cola’, Coca-Cola has partnered with World Cup Official broadcaster Multichoice and Global partner HiSense to bring the World Cup closer to consumers all across Uganda. As part of the promotion, 32-inch Television sets, Multichoice Dishes and Decoders, soccer balls, brand new t-shirts, packs of soda, cash prizes of UGX4,000,000 every week and UGX 10,000,000 every two weeks will be up for grabs by simply purchasing 300ml returnable glass bottles (RGB) or 500ml PET of Coca-Cola, Fanta, Sprite, Novida, Krest and Stoney. The participating products will be identifiable by a white crown.

Commenting about the new promotion, Ms. Miriam Limo, the Coca-Cola Brand Manager for Uganda, expressed her gratitude to Ugandans for the support they showed during the two-day FIFA World Cup Trophy visit to Uganda and encouraged them to take part in this “greatly rewarding promotion”.

“This year, we have received overwhelming support from our consumers through the consumption of our products and participation in our campaigns and promotions. We therefore felt it prudent to instantly reward them with exciting prizes and large cash sums for simply continuing to consume our products,” she stated.

Limo cautioned participants not to send any cash, airtime credit or other consideration to receive any of the prizes. “We do not require any payment to reward the lucky consumers. Simply purchase the product of your choice, check under the white crown for the item you have won and redeem the item at one of our redemption points that will be placed across the country,” she added.

To participate in the Samba Ne Coca-Cola promotion, consumers simply have to purchase a Coca-Cola, Fanta, Sprite, Novida, Krest or Stoney 300ml glass or 500ml plastic bottle bearing a white crown and check under the crown for their exciting prize. Redemption of prizes will be at identified distribution points all across the country.

The post Coca-Cola Launches World Cup Under The Crown Promotion appeared first on BigEye.UG.

H.E Janet Museveni flags off the Huawei Seeds for the Future program finalists.

The First Lady and Minister of Education and Sports Hon. Janet Museveni has flagged off 10 Ugandan ICT Students to undergo a two-weeks hands on ICT training in China under Huawei’s ‘Seeds for the Future’ program.

The “Seeds for the Future” is Huawei’s global Corporate Social Responsibility (CSR) flagship program that selects top college students in ICT-related courses for a technological study trip in China.

The flagging off ceremony for this third team of Ugandan students was held at State House Nakasero last Thursday. It was witnessed by the Chinese Embassy Charge De Affairs H.E Chu Maoming, Huawei’s Managing Director Jerry Liujiawei and the Principal College of Computing and Information Science Makerere University Tonny Oyana among others.

Hon. Janet Museveni, on behalf of Government of Uganda, thanked the Republic of China and in particular Huawei for this Corporate Social Responsibility Programme saying it is crucial to the development of ICT which is now a key driver for economic development globally. “I really thank you for standing with Uganda in our struggle to build our muscle in ICT for our developing country in the global community”, she said.

She encouraged the successful students to maximize the opportunity and make the best of it to learn more and on return, to pass on the knowledge to others.

“As you are going to China remember to be a good citizen and also learn the principle of serving others first and yourself last. If you remember this in life it will take you a long way and give you mileage”, she said.

She also urged them to be good ambassadors for Uganda when in China and to make good friends for themselves and Uganda.

Huwaei’s Managing Director Jerry Liujiawei thanked the government of Uganda through the Ministry of Education and Sports for making Huawei’s vision of bridging the digital divide and making Uganda a better-connected place real through the Seeds for the Future program.

He said “In Uganda the program successfully started in 2016 with President Museveni flagging off the 10 ICT talents to Beijing and Shenzhen. We pledge our continued support to the digitization process of this nation by using this program to cultivate more ICT talents that are crucial to ICT sector development, thus boosting industry growth and driving development of different other sectors”.

Mr. Liujiawei further said that the Seeds for the Future program has been implemented in 96 countries and international organizations worldwide benefitting over 30,000 students from 280 Universities.

He pledged that Huawei will continue to work with Government and other relevant parties to build vital ICT systems in Uganda.

The ten successful students from the Universities of Makerere, Muni, Lira and Busitema, chosen from the 35 who presented technological proposal for consideration, leave for China on the 6 th of April 2018. They will visit Beijing and Shenzhen and will have opportunity to study and gain work experience at Huawei’s headquarters and also be exposed to Chinese culture and cross-cultural work experience in a global business environment.

The post Janet Museveni flags off Ugandan ICT Students for ‘Seeds for the Future’ program in China appeared first on BigEye.UG.

Team No Sleep flag bearer and singer Sheebah is not about to lay low. A day after releasing her latest jam Beera Nange, she has released another song and she is featured by the Congolese born Ugandan singers Brotherz Musik.

The new video is titled “TOMORROW” and just as most of her songs it is a danceable one. The song has been making rounds in top city hangouts but the video is expected to elevate its rotation to even new territories. The audio was produced by nessim and video shot by Teekay.

Sheebah is with no doubt the finest female singer in the country atleast according to the recent awarding bodies. Her career is getting better with each music release.

Watch full video here: https://www.youtube.com/watch?v=JjMRdfuSiUY&feature=youtu.be

The post Sheebah teams up with Brotherz Musik in another master piece. appeared first on BigEye.UG.

Singer Jose Chameleone has reaped big from his latest monster single CHAMPION. The singer who released his song on 4^th March has reaped from it barely a month after its release. Jose Chameleone was on Monday announced the Golden song winner and won 50 million shillings from NBS television. Champion won after being voted the people’s favorite song beating four other very good songs that had emerged winners from each week of the month of March.

Chameleone will be handed his Cheque this Thursday at the Kamwokya based television at Media Plaza by the station CEO Kin Kaliisa. The reward comes days after the Leone Island boss was recognized and awarded the Legend accolade at the recent Zzina awards at Freedom city.

You can watch Champion video here https://www.youtube.com/watch?v=pQaqEIM-bsI

The post Jose Chemeleone’s new hit song “Champion” wins him 50 million shillings. appeared first on BigEye.UG.

dfcu Bank main offices located in Nakasero

By Our Reporter

dfcu bank’s acquisition of some of the assets and assumption of some of liabilities of the former Crane bank continues to generate a lot of public debate and although it was not the first such transaction by dfcu bank, it involved the 3^rd largest bank by assets.

Before being placed under liquidation by Bank of Uganda, Crane bank had built a very strong brand through the power of the media and ‘perceived’ efficiency driven by fairly loose internal controls and weak corporate governance structures. These for a financial institution is a recipe for disaster.

The pile up of non-performing assets, above 50% compared to the then industry average of 7%, coupled with high operating costs, powered by aggressive branch expansion, eroded the banks’ capital base and it was only a matter of time before the inevitable happened. Bank of Uganda’s intervention was therefore timely considering that Crane bank was a Domestically Systemically Important Bank (D-SIB), whose collapse would have had a huge domino effect on the whole financial eco-system and the economy at large.

How could the Crane bank issue have been resolved?

1. The bank could have been acquired by another healthy bank through a Merger and acquisition if, it still had franchise value. This would be a private sector resolution that doesn’t require any public sector intervention or administration.

2. The failing institution enters receivership and its License cancelled and a Purchase and assumption (P&A) transaction, where by all or part of the assets and liabilities are transferred to another institution. While P&A is still a private sector resolution, it may require the use of public funds as in an assisted P&A, where authorities can provide guarantees, including loss-sharing agreements.

3. Liquidation and deposit payoff, where the institution is closed and the assets are placed in a liquidating receivership. The liquidation value of the assets is used to repay creditors.

4. Recapitalization, where by the institution is kept open through public coffers. This can be done in a number of ways, ranging from a restructuring, or “bail-in” that forces creditors to write off some of their claims, to a nationalization, in which shareholders are wiped out and management is replaced, to a capital injection, in which shareholders are diluted but remain and management doesn’t change.

5. A new bank, so called “bridge bank,” is set up in order to maintain banking operations until a permanent solution can be implemented. Typically, only a portion of the assets would be transferred to the bridge bank while the remaining assets would be liquidated. The bridge bank is ultimately designed to be sold through a P&A transaction.

6. The bank in distress is split in two: a “good bank and bad bank”. The good bank would retain the performing assets, and a “bad bank,” which receives the remaining assets that would be restructured or liquidated. 

Resolution

After giving the Crane bank shareholders an opportunity to recapitalize the bank and months of trying to get an equity investor, Bank of Uganda, the liquidator, entered into a Purchase and Assumption (P&A) agreement with dfcu Bank to acquire some of the assets and assume some liabilities of Crane bank limited, under liquidation.

Enter dfcu Bank

Since diversifying from purely development to commercial banking with the acquisition of the then Gold Trust bank in 2000, dfcu bank has had a strategic ambition to become a leading financial institution in Uganda. This has been done through organic growth and strategic acquisitions, the bank now boasts of  67 branches and over 100ATM’s country wide, the Crane bank transaction was therefore well within this ambition.

How has this transaction then changed the Uganda financial landscape?

1. It restored confidence and financial stability in the financial sector which is critical for driving savings and investments.

2. dfcu bank was able to mobilize and bring in a USD50 million bridging loan to shore up its capital to enable the transaction succeed. This was followed up by a very successful 96% uptake, rights issue. This was a big vote of confidence by the shareholders to the management, the banking industry and the country at large.

3. dfcu bank has doubled its capital to over UGX350 billion enabling it to book larger ticket loans.

4. The transaction has brought back into focus the issue of corporate governance and risk management in the sector.

5. It helped protect over 500,000 depositors with total deposits of over UGX600 billion from financial distress. If the matter had been resolved through liquidation and deposit pay off, savers would have been entitled, under the deposit protection scheme to a maximum of UGX3,000,000=.

6. It created another large bank (dfcu bank) with a balance sheet of over UGX3 trillion. This is good for the financial sector as it increases the number of banks that can give substantial loans to the corporate and SME sectors which are critical for economic development.

7. The top 3 or 4 banks can now manage larger loan syndications that can finance large infrastructure projects in the road and rail, energy and oil and gas sectors.

8. It has heightened the level of supervision which creates further stability and reduces the incidents of future distress in the financial sector.

Conclusion

Despite some negative publicity on the transaction I think the transaction was good for the banking industry and the economy at large.

The immediate post acquisition challenges such as, systems and staff integrations were quickly and professionally dealt with.

The bank also within the year, did a core banking system upgraded from Finacle7 to Finacle10 bringing in more system stability and capabilities. The internet banking platform has been upgraded to offer convenient solutions to both the retail and corporate customers. The bank continues to invest in innovative IT solutions as it positions itself to be the bank of the future.

dfcu Bank has exonerated itself by posting very impressive results in 2017 (UGX127billion) and is now well positioned to favorably compete with the best and give the best returns to its shareholders who believed in the viability of the transaction.

The post dfcu Bank continues to contribute to financial markets growth and stability appeared first on BigEye.UG.

By Our Reporter

It could be true that the club isn’t the best place to find a good dance all the time; sometimes the bar is where you should go.

Like it has been the tradition of late at Najeera based Nexus Lounge, revelers on Easter Monday were treated to a music fete dubbed the Ultra music fest which featured music mixes from 14 DJs and a performance from Bebe Cool.

The Djs of the night included Alberto, Hot, Aludah, Dash, Mato, GXL, Fas, Beats, Lex, Mr Ripple, Switch, Shan and Ricky star. The music fest was hosted by Meison and MC Zack.

Bebe Cool then stepped in at about 2:30am hyping the crowd even further. Several of the ‘Want it’ hitmaker’s fans even got an opportunity to have a dance with him.

One would think the next day was not a working day as the party went on till late.

The post Photos: Bebe Cool excites revelers at the Ultra Music Fest appeared first on BigEye.UG.

Miss Pearl 2018 beauty pageant finalists

By Our Reporter

Miss Pearl 2018 grand finale is happening this Saturday at Golf Course Hotel. The cream de la cream of Ugandan fashion will be in one house to witness the grand finale and the crowning of the most beautiful woman in Uganda.

After a month in the boot camp, the vetting saw 20 girls dropped, and 15 remain to make it to the finals. The girls, representing the various regions in Uganda, will be showcasing their regional cultural virtues in the form of fashion, dance and runway artistry.

The show will be hosted by celebrated comedian Emmah Napoleone, together with Tanzanian Radio presenter Lorita Mukita. There will be performances from an array of Ugandan musical artistes, together with cultural dance groups. Notable among them is the ‘Kasenyanku’ singer Ray Signature and the Tube Dance Group. The show will start at 6:00pm with a cocktail at the Golf Course Hotel and end late into the night.

The post Miss Pearl grand finale on this Saturday appeared first on BigEye.UG.

The Airtel Uganda team hands over 50 goats to school going girls in Moroto district.

In line with the Education pillar of its Corporate Social Responsibility initiatives, Airtel Uganda has handed over 100 goats to 50 girls in Moroto district in a bid to join in the fundraising campaign #GOATSFORGIRLS that aims at keeping young girls in the Karamoja region in school.

This handover follows a pledge made by the telecom company to purchase and handover the goats in support of efforts being made by the International Institute of Rural Reconstruction (IIRR) to improve education outcomes for disadvantaged girls especially in pastoral communities.

According to Pamela B. Nyamutoka Katooro, the IIRR Uganda Country Director, the practice of forced marriages in this region usually results from the lack of adequate resources to keep the girl child in school.

“Since 2015, IIRR’s Goats4Girls model has successfully been used to support over 2000 girls to enroll and stay in school,” she adds.

Handing over the goats, Airtel Uganda’s the Territory Business Manager of Moroto District, Mr. Vincent Baguma encouraged the recipients to use this opportunity to change their lives and improve the conditions of their families. Baguma also encouraged the families to assist the recipients to ensure that the goats stay in good health.

“As soon as these goats mature and reproduce, you will be required to hand over the first two kids to another girl in this community. Through this method, we believe the literacy levels in this community will improve and the school dropout rates will reduce,” Baguma concluded.

Airtel Uganda’s support for Education in Uganda dates back over 5 years when the telecommunications company launched the Adopt-A- School program which has so far benefited four schools and thousands of students across the country. Airtel Uganda has also provided network connectivity to schools in order to provide them with resources to better their curriculum.

The post Moroto girls to fund their education through Airtel’s “Goats For Girls” initiative appeared first on BigEye.UG.

By Our Reporter

Power distributor Umeme says a lorry driver is likely to blame for an electric pole falling down along Wilson Road in Kampala on Wednesday afternoon. The concrete pole currently supports street lighting for Kampala Capital City Authority (KCCA).

According to reports, traffic was brought to a halt and the pole damaged two cars and are not drive-able after. The area has full isolation of power line and the customers in that area are supplied from an underground network so the wires were not live, the Umeme Operations Engineer Metro station on site confirmed.

He called in a bigger team to do a complete isolation.

Thankfully, no one was hurt and Uganda Police Force asked members of the public to stay away from the street while Umeme technical teams went to work. Less than an hour after the incident was reported, lanes in both directions had reopened.

“It’s a lorry that dragged the power lines bring down a concrete pole,” an eyewitness said.

Umeme Media Relations officer Stephen Ilungole has said they highly regret the Wilson street incident and urges the public to be vigilant at all times as the rainy season begins.

The post Lorry blamed for bringing down electric pole on Wilson road appeared first on BigEye.UG.

By Demo Riley

Ugandan RnB star Geosteady the Blackman soldier who’s eyeing the international scene has finally released his most anticipated first music
project in 2018.

The project is a collabo recorded alongside the Nigerian pop musician Korede Bello of Marvin Records and it is titled “Am into You”.

The song was produced by Aluku Timothy a popular Nigerian Music producer known popularly as Altims and the video was shot by Sasha Vybz.

The love soothing blockbuster is anticipated to hit the international scenes.

Watch it here

Korede Bello is a Nigerian musician who sings mainly Pop music but can also sing RnB and Hip Hop styles. He is the singer
behind the successful Nigerian semi-gospel pop song ‘Godwin’.

The post VIDEO: GeoSteady Releases “Am Into You” Video Featuring Korede Bello appeared first on BigEye.UG.

Leone Island boss, Dr. Jose Chameleone is  a happy man after his wife, Daniela Atim, gave birth in America.

The couple has been blessed with a baby gal who has been named Xara Amani Mayanja.

An ecstatic Chameleone had this to say as he welcomed the new born.

Look what God has done for me – Xara Amani Mayanja has joined us today morning at exactly 7:14 AM. Thanks @andreon_atim for your patience,Kindness,Loving me and above all giving me all the happiness a wife can ever give to her husband. Congratulations for this beautiful princess. Welcome Princess Xara Amani Mayanja.  Thanks everybody for your prayers.

Both mother and baby are fine.

The post Chameleone’s wife gives birth in America appeared first on BigEye.UG.