Tag: sponsor

Sponsor Highlight: Fakhruddin Properties

UNAA welcomes Fakhruddin Properties to the 30th UNAA Convention in Seattle, Washington!

Internationally acclaimed property developers, FAKHRUDDIN PROPERTIES will be participating in the 2018 UNAA CONVENTION through their group company in Uganda, FAKHRUDDIN PROPERTIES UGANDA LTD.

There is a huge deficit of housing in Uganda and FAKHRUDDIN PROPERTIES is pioneering the drive to provide premium quality, modern homes at truly affordable prices.

“We are passionate about housing and our principal business goal in Uganda is to ensure that every Uganda can own a home.”

“Access to ownership of homes in Uganda has thus far been limited to a very small section of the population because good quality homes are priced beyond the reach of the majority of Ugandans. We intend to change that. With proper planning and efficient systems it is absolutely possible to construct modern, quality homes which can be sold at truly affordable prices whilst still generating a profit for the developer”, said Haidry.

Current data indicates a housing deficit of 1.2 million homes in Uganda with a further 300,000 required year on year.

At this year’s event FAKHRUDDIN PROPERTIES UGANDA LTD will be showcasing its ongoing projects in Kampala, JASMINE COURTS Najjera, HAZEL RESIDENCY Namugongo & TULIP TOWER Naalya.

The company has structured a long term business plan aimed at developing several similar projects all across Uganda.

Sponsor Highlight: Housing Finance Bank

UNAA welcomes Housing Finance Bank Uganda Limited to the 30th UNAA Convention in Seattle, Washington!

Incorporated as a private company under the Companies Act in December 1967, the Bank has become a household name and has grown in leaps and bounds with a good track record among the pioneers of a mortgage lending. National Housing & Construction Corporation, a parastatal involved in real estate business has 5% shareholding and National Social Security Fund (NSSF) holds 50% and the Government of Uganda holds 45%. Today, the bank looks back with pride on the business accomplished in the mortgage lending business. Through innovation and placing emphasis on Honesty, Integrity, Efficiency and Customer care, Housing Finance Bank is the leader in the mortgage, holding a 90% market share.

Housing Finance Bank is committed to maintaining its profitability and improving delivery of shelter by availing mortgage loan facilities. The company has recorded steady growth in deposits, mortgage assets and shareholder equity.

The Bank’s public deposits have been steadily increasing over the last six years from Shs. 20.2 billion in 2003 to Ushs. 78.3 billion in 2008 while its total mortgage asset stands at Ushs 149.9 billion as at End of 2008.

With the envisaged upturn in economic activities Housing Finance Bank is prepared to offer better services to clients.

Sponsor Highlight: XENO Technologies

XENO Technologies (“XENO”) is an investment management firm licensed and regulated by Uganda’s Capital Markets Authority Capital Markets Authority (“CMA”) as a Fund Manager and Unit Trust Manager.

Summary

  • XENO is the first Ugandan company to be licensed by the CMA as a Fund
    Manager.
  • XENO is first fintech company and robo advisor to get such license in
    Africa
  •  XENO uses technology to deliver professional investment guidance and
    management.
  • XENO invests both for individuals and institutions based on their unique
    circumstances.
  • XENO gives each investor a diversified portfolio executed using four unit
    trust funds.

XENO Technologies (“XENO”) is an investment firm licensed and regulated by Uganda’s Capital Markets Authority (“CMA”) as a Fund Manager and Unit Trust Manager. XENO uses technology to provide professional investment advice and management to both individuals and institutions through the XENO Platform (https://myxeno.com/). Using the XENO automated platform, people can plan, save, and invest for various financial goals such as securing retirement, building wealth, funding education, home ownership, funding emergencies, and generating income.

The Problem

Most people earn an income that they use to fund both current and future financial goals. Current financial needs are immediate; for example, rent, food, fuel, utilities, and so on. While, future needs occur a couple of years down the road and may include retirement, a child’s education, emergencies, among others. To finance these future needs, most people need to save and invest some of their current income. However, in most cases, deciding how much to save, and what to invest in are difficult decisions because the average person has neither the experience nor the training to make optimal investment decisions, and, therefore, they need professional guidance.

Even when people have made up their minds to save and invest and want professional guidance or execution of their investment choices, it is not obvious where to get that guidance from. The result of this unsatisfactory investment experience is that many people do not save and invest enough to meet their goals. In the instances where people save, anecdotal shows that they often do not invest their money optimally and lack a good way to monitor and measure the performance of their investments or to track the progress towards achieving their future financial goals.

The Solution

XENO has, therefore, mapped out the process for providing professional investment guidance and management; and automated it from beginning to end. By automating the process and making it easily accessible on the XENO platform (https://myxeno.com/), we give people access to professional investment management in an intuitive way. The members of the public can now effortlessly invest for specific goals considering their individual risk tolerance and current financial situations.

How XENO works

XENO provides both investment advice and execution of clients’ investment choices. To start, a client visits the XENO platform (www.myxeno.com) and identifies a financial goal from a set including retirement, wealth, education, home, emergencies, and income, which matches his or her objectives. The client then maps out their unique characteristics by answering a set of questions about the investment period, current financial situation, investment experience, and attitudes towards risk. The answers to the questions are used to determine a risk tolerance for each person; based on which we recommend a diversified investment portfolio composed of the four XENO Unit Trust Funds, that is, the money fund, bond fund, equity fund, and regional fund.

One can set up an investment account online without physically coming to our offices; and then proceed to fund the goals that they set in an effortless way using various payment methods including direct deposit into the Xeno Unit Trust Fund Client Inflows account at the custodian bank – Stanbic Bank, by bank transfer, and through mobile money. The XENO team executes the investment following the recommended and agreed strategy. Every client can monitor the performance of their investment portfolio through a dashboard as well as track progress towards their targets at any time of day and on any day of the week.

Pioneer

In many respects, XENO is a pioneer on the Ugandan market. For one thing, XENO is the first indigenous company to get to get Fund Manager and Unit Trust Manager licenses in Uganda. XENO is also the first FINTECH company to get such licenses in Africa. We are the first company to harness the power of technology to extend access to professional investment advice and fund management services to the mass market in this region. Indeed, XENO is the first Ugandan Fund Manager to run four unit trust funds, giving investors access to a truly diversified investment portfolio. Each of our funds is a pure asset class fund representing four asset classes (cash, bonds, domestic equities, and regional equities).

XENO is the answer to the question, “How should I invest my money?”. For most people, this is not an easy question to successfully handle, yet the answer, right or wrong, has profound consequences for everyone’s financial well-being.

XENO aims to make professional investing truly effortless and accessible to all.

Sponsor Highlight: The Clinic at The Mall

UNAA welcomes The Clinic at The Mall as an official sponsor of the 2018 UNAA Convention to be held in Seattle, Washington August 31st – September 2nd 2018.

Located at the Village Mall in Bugolobi, the state of the art Clinic At The Mall offers affordable quality medical insurance services to family members resident in Uganda who are dependent on Ugandans in the diaspora for funding medical expenses. Outpatient treatment is received solely at the clinic.

Sign up your loved ones for Diaspora Health Connect Solutions, an affordable medical insurance scheme created to provide coverage for patients in Uganda. It even covers pre-existing conditions, HIV/AIDS, Dental and Vision.

Sponsor Highlight: Rock Classic Hotel

UNAA welcomes Rock Classic Hotel as an official sponsor of the 2018 UNAA Convention to be held in Seattle, Washington August 31st – September 2nd 2018.

Rock Classic Hotel is located on the Kampala-Malaba highway, around 200 KM from Kampala city center. The hotel has over 100 luxurious rooms classified as presidential suites, deluxe rooms, family rooms and executive suites. All rooms come with free WiFi and are fitted with Satellite TV.

Visit Rock Classic Hotel for the ultimate relaxing experience.

Copyright 2018 Ugandan North American Association. All rights reserved. Designed by PlentyIdeas, LLC.