Why Businessman Haruna Sentongo Is Offering Free Rent To Tenants

The landlord’s relationship is key to the success of a tenant who operates a business on a particular property. Most times landlords prefer rent money than the success of their tenant. In fact many landlords believe they have no obligation to ensure their tenant succeeds while they occupy space on their buildings.

This is not the kind of relationship that provides the much needed and recommended win – win situation for both the landlord and tenant. Landlords according to experts in the real estate sector believe has a responsibility to see that he puts in place an atmosphere that earns the tenant enough money for such a tenant to pay rent.

However, for a person who understands the needs of a business, Haruna Sentongo of Haruna Enterprises, a real estate agency, is working with his tenants to see to it that they prosper side by side. Sentongo as a landlord is using a business model that aims to empower tenants who occupy several of his malls, towers and markets in Kampala.

Three months free rent

Small & Medium Enterprises (SMEs) usually work on tight startup capital and budgets and as we all know it is hard for a new business to hit it off by registering massive profits. The cost of utilities like water, electricity bills sometimes eats into their spend making it hard for them to register the much needed profits.

And in times of insufficient profits businesses struggle to survive let alone pay their rent dues. This causes rent arrears to grow leaving the landlord with no option but to get rid of the tenant. However, Haruna Sentongo offers is capacitating his tenants by offering them three months of not paying rent.

On top of giving you three months’ rent free, Haruna Enterprises as landlords are also paying for electricity, water, garbage disposal, security and free parking. This means that the tenant will not worry about paying for utility bills and can use the three months to settle in the storeyed market.

Haruna Sentongo is doing this to all new tenants at his Nakayiza Market and Segawa markets in Mengo – Kisenyi, Haruna Towers in Wandegeya and Haruna Shopping Mall in Ntinda. Nakayiza Market is an agro produce market while Segawa Market specializes in selling spare parts for all automobiles.

Affordable rent costs

Apart from offering three months of not paying rent, rent fees at all Haruna Sentongo buildings are affordable and charged in Uganda Shillings. Ibrahim Mukwaya who runs a spare parts shop at Segawa Market says Haruna Sentongo’s arrangement has enabled him stabilize and can pay the rent comfortably.

“I don’t need to have a dollar account or first go to forex bureau to change the money from shillings to dollars to be able to pay rent,” MUkwaya says. Like Mukwaya, Ahmed Mukisa, a tenant and sorghum dealer at Nakayiza Market, says this takes away stress associated with paying for bills routinely. Another tenants said it helps them save money and allocate it to do other things like paying taxes, paying wages or restocking the shop.

“This is the first place I am seeing this. It is good, paying for electricity is inconveniencing and stressing. I have been here for a long time but I have not paid for electricity and we have electricity all the time unless it is load shedding,” Ben Ntale, a trader at Segawa Market, explained.

A working relationship with tenant

Isaac Newton, the property manager of Segawa Market explained that they are offering the three promotional free months because they understand that when starting, business can be hard and challenging. “So we want our tenants to have a time to settle in and start making money,” he said.

Sentongo, the CEO of Haruna Enterprises said that they will continue to provide and respond to the needs of Ugandans noting that the future of Real Estates in Uganda is very bright considering the huge endowment of natural resources. “Haruna Enterprises is well poised to harness these opportunities with relentless drive and commitment it has taken to become the leading player in our various markets,” he said.

Haruna Enterprises Pledges To Provide Affordable Commercial Rentals

In business circles, most successful people turned other people’s challenges into opportunities. They provided a solution to someone’s need. And as a growing society, Haruna Sentongo says his firm Haruna Enterprises is committed to providing solutions to challenges Ugandan business communities are facing.

Haruna Enterprises has risen to the top as a preferred real estate company providing rental space for small and medium enterprises in Uganda’s capital Kampala. Haruna Towers in Wandegeya, Haruna Shopping Center in Ntinda have been definitive in providing shelter to vital business for these communities.

“The future of Real Estates in Uganda is very bright considering the huge endowment of natural resources, the abundant pool of skilled work force and the enormous market potential the Country offers to investors,” Sentongo says.

“Haruna Enterprises is well poised to harness these opportunities with relentless drive & commitment it has taken to become the leading player in our various markets,” he says, stating that Haruna Enterprises continues to grow its vision of becoming the leading provider of integrated prime world class commercial offering, across the region.

Nakayiza Market

Haruna Enterprise owns Nakayiza Market in Mengo Kisenyi. This is the only market in Kampala selling agro produce. Traders go to the village buy farm produce and bring it Kampala for resale to local and international consumers. “Some of these traders bring these farm producer from the village and add value at the milling companies and bring it here because Nakayiza market is known market for agro produce,” Isaac Newton, the property manager at Nakayiza Market.

Some of the largest food and beverage producers depend on Nakayiza Market for input supplies.  From Nakayiza they get millet, sorghum, maize, cassava flour, fruits, vegetables, cereals, rice and sugar among others. The busy market with over 600 shops gets exporters from outside Uganda making it also an international market.

The market is fully furnished with electricity, water, parking, toilets, a bank, mobile money agents and private security supervised by Uganda Police among other amenities that make running a business easy.

Segawa Market

Just a stone throw away from Nakayiza Market sits an expansive Segawa Market which unlike Nakayiza is specialized in selling spare parts for bicycles, motorcycles, motorcars and other small machinery.  It boosts of 300 spacious shops, many of them still available. 

Isaac Newton, the property manager of Segawa Market said that they are offering three promotional free months to new tenants because they understand that when starting, business can be hard and challenging. He also reveals that landlord at Segawa Market fully pays for utility bills without asking for a penny from the tenant.

Agency Says Uganda’s Real Estates Sector Headed In Right Direction

Businessman Haruna Sentongo, the proprietor of Haruna Enterprises says the future of real estate sector in Uganda is very bright.  He says that this will be possible because Uganda is endowed with various land resources, human capital and growth potential.

However the real estate sector, for various reasons, is one of the sectors in the country which is so dynamic and continues to give investors a tough time to make strategic investment decisions.

It is characterized by investment and price fluctuations. Investors sometimes fail to find a balance between demand and supply. Sometimes there are too many properties in the market with few buyers while sometimes buyers acutely want properties to lease or purchase.  

Value and wealth

This dynamism is sometimes caused by economic speculation, corruption, market trends and politics. One thing for sure is that Ugandans still attach so much value to land and property. Many people use real estate projects to store and hide their value and wealth.

Because of this promise, Uganda has seen a myriad of real estate companies open shopping to compete for this limited market. But despite this competition, Haruna Sentongo Haruna Enterprises, a prominent real estate company in Kampala, says the future of real estate in Uganda is very bright.

“The future is very bright considering the huge endowment of natural resources, the abundant pool of skilled work force and the enormous market potential the country offers to investors,” Sentongo says.

Through his Haruna Enterprises, Sentongo has built a reputable profile as a respondent to the needs of the sector. His name is attached to iconic properties like Haruna Towers in Wandegeya, Haruna Shopping Center, a multipurpose mall in Ntinda and new upcoming projects in Mengo and neighboring suburbs.

Huge potential

And with noticeable success, Haruna Sentongo is not sitting on his laurels but rather going after the potential that the real estate sector in Uganda presents. “Haruna Enterprises is well poised to harness these opportunities with relentless drive and commitment it has taken to become the leading player in our various markets,” the businessman explains.

This state-of-the-art Haruna Towers provides evidence of the commitment to remain sensitive to the natural surroundings and protect the mature oaks already established on the property. The facility offers rentals for various business options including office space.

Haruna Shopping Mall houses Leading telecom outlets, leading beauty salons and spurs, accessories’ shops, boutiques, cosmetics shops, an up-to-the-minute food court and cafes, first offices, A mega 3D & 5D cinema hall, gymnastics, sauna and steam baths and a mosque for periodical prayers.

Sentongo says Haruna Enterprises serves the needs of all customers in Uganda and the East African region at Large. Through its various properties, Haruna Enterprises, houses the offices of multinationals like UMEME, national offices of The Hunger Project Uganda and Global Institute of Information and Technology among others.

Still informal sector

Catherine Nanteza, chief executive officer of the Association of Real Estate Agents (AREA) recently told Daily Monitor that despite the real estate sector is highly informal, it can contributes 10 percent to Uganda’s Gross Domestic Product, if well regulated.

Many huge projects are done by individuals and are not well documented which means they remain formally unknown and untaxed.

Premier Recruitment Sends More 14 Girls To Saudi Arabia

Premier Recruitment is linking up more Ugandan girls to well-paying employment opportunities in Saudi Arabia. Fourteen more girls left for Jeddah where they will be working as maids for two years. They girls will be working under a two year contract.

“Today another 14 candidates left for Jeddah to work as housemaids for 2 years”. Premier Recruitment agency ltd said. The external labour agency says it has now helped 38 unemployed Ugandan females in the last 2 months who are bettering their lives with this opportunity.

“We have visited the offices of the agencies we work with in Saudi Arabia and have strong relationships with them to ensure our candidates are placed in good households. Good luck to this latest group who are embarking on their new journey! They will save money and learn new skills and experiences,” the company said.

Rajiv Ruparelia, CEO Premier Recruitment says Uganda labour externalization industry is a vital source of livelihood for both the employees and their families and a major pillar of the economy that ought to be protected by all the stakeholders and bad apples weeded out.

He adds that beyond direct economic gains, labour externalization had other benefits such as skills transfer, mobilization of capital for investment and improving household incomes and standards of living for their dependents back home.

The recruitment is still ongoing at the company headquarters at Crane Chambers Kampala road level 1.

Here Are Benefits For Uganda Once Legal Farming Of Marijuana Commences

An Israeli firm, Together Pharma, through its local subsidiary, Industrial Globus Uganda Ltd, are engaging local authorities seeking permission to legally start farming marijuana in Kasese, Busongora and Hoima.

The media is reporting that Together Pharma has already got clearance from Uganda Investment Authority (UIA) and have been issued with a license which was signed on by the Acting Authority Executive Director Lawrence Byensi on March 18, 2019.

The investment license was issued under Section 16 of the Investment Code, 1991. The provision of the Investment Code 1991 and Guidelines and Procedures brought into effect under it shall apply.

Industrial Globus Uganda Ltd has land to grow medical cannabis (marijuana) for export. Uganda Radio Network is quoted by Watchdog Uganda saying the firm’s shareholders include Globus Pharma Inc. and Industrial Hemp Uganda Ltd run by former Bunyaruguru MP, Benjamin Cadet.

$5m marijuana plant

Industrial Globus Uganda Ltd also intends to build a marijuana oil extraction plant in Kampala indicates that its initial investment in Uganda is $5m (Shs18.7 billion). This investment which will create jobs for many Ugandans and earn foreign exchange for the Uganda is however threaten by ministers of Constitutional Affairs Minister Kahinda Otafiire and Jane Ruth Aceng of health ministry.

In a February 15, 2019 letter addressed to the chief operating officer of Together Pharma, Otafiire denied government ever issuing a license to grow hemp and medical cannabis in Uganda. The law requires that the applicant gets the necessary clearance from various ministries concerned and the National Drug Authority.

“The government of Uganda is well aware of their operations in Kasese district and the various benefits the said project has in terms of employment to Ugandans, revenue generation, and technology transfer…,” reads Otafiire’s letter.

The Health Minister Jane Ruth Aceng said that she had never granted Together Pharma permission to start a marijuana farm in Uganda.  The National Drug Policy and Authority Act, 1993 provides that “No person shall, without the written consent of the Health Minister… cultivate any plant from, which a narcotic drug can be extracted”.

Health benefits of marijuana

While marijuana is widely regarded as an illegal substance and poses health risks, it is increasingly being accepted and regulated globally because of its health benefit when prescribed by professionals. 21 countries - Chile, Colombia, Canada, Australia, Croatia, Czech Republic, Germany, India, Israel, Italy, Jamaica, Macedonia, Mexico, Philippines, Poland, Puerto Rico, Uruguay – have issued  full federal legalization or medically legalized the herb.

Medical marijuana has been lawful in Canada since 2001, but Prime Minister Justin Trudeau’s successful campaign to open up recreational use was hailed as a landmark moment in the legalization movement.

Uruguay became the first country to fully legalize marijuana in 2013 and last year began allowing sales in local pharmacies. In countries like Peru and Spain possession of marijuana isn’t punished as long as it’s for personal and private use. In September, South Africa‘s constitutional court ruled that weed is legal and people are allowed to use marijuana privately.

According to US's National Institutes of Health, people have used marijuana, or cannabis, to treat their ailments for at least 3,000 years. Cannabidiol, a substance that is present in marijuana, received approval in June 2018 as a treatment for some types of epilepsy. There is widespread belief that marijuana is an effective treatment for a wide assortment of ailments.

Over the years, research has yielded results to suggest that marijuana may be of benefit in the treatment of some conditions like chronic pain, alcoholism and drug addiction, Depression, post-traumatic stress disorder, and social anxiety, cancer, Multiple sclerosis, epilepsy. But even with the positives, marijuana when regularly and excessively used can cause mental health problems, Testicular cancer, Respiratory disease.

Many scientists and health bodies — including the American Cancer Society (ACS) — support the need for further scientific research on the use of marijuana and cannabinoids to treat medical conditions.

Economic Benefits To Uganda

With such a significant investment from Industrial Globus Uganda Ltd worth $5m, Uganda will the first country to legalize farming of the herb. This means it will be able to export to neighboring country and earn the country insurmountable amounts of revenue and foreign exchange.

The pharmaceutical sector in Uganda will earn a breakthrough as it will reduce on the expenses to import medicinal marijuana. They will be able to get it locally.

Forbes reports that earlier this month the ETFGI Consultancy Firm revealed that the world’s first cannabis exchange-traded fund is on its way to becoming the second most profitable exchange-traded fund (ETF) in Canada after offering 50% return so far this year. In October 2018, Canada became the second country in the world, after Uruguay, and the first country within the G20 to legalize the recreational use of marijuana.

According to an Investopedia report October, last year, the economic benefits of legalizing weed have already been apparent as the first states in the United States of America have moved to change their legal positions. The report said legal marijuana could mean a big push for state economies and big bucks for both the state and the federal governments.  

Investopedia said that better than expected sales of marijuana in Colorado and Washington over the past several years have resulted in buoyant tax revenues. In 2015, Colorado collected more than $135 million in taxes and fees on medical and recreational marijuana. Sales in North America grew 30%, to $6.7 billion, in 2016, and is projected to increase to $20.1 billion by 2021, according to Arcview Market Research.

Wiith other countries progressing and starting to realize social and economic benefits from legalizing the growing, trading and prescription of marijuana then maybe it is time for Uganda to size up this adventure and work out the legal regimes to support this new cash cow.

 

Victoria University To Benefit From 1, 100 Ruparelia Foundation Scholarships

The Ruparelia Foundation will in the Academic year 2019/2020 give out over 1,100 scholarships to youths joining Victoria University, Watchdog Uganda has reported, quoting a letter to the ministry of education from Rajiv Ruparelia, a director of the Foundation.

The scholarships are aimed at uplifting the lives of underprivileged Ugandans especially the youth.

In a letter to the Ministry of State for Youth and Children Affairs, copied to Victoria University Council, Vice-Chancellor, Guild President and Admission’s office, Rajiv Ruperelia, the director of the Rajiv Ruperelia Youth Scholarship said that scholarships are to cover 70 per cent of the tuition fees.

The scholarships are to cater to the students who are offering the following courses; Faculty of Health Sciences (200 scholarships), Faculty of Business Management (150), Faculty of science and Technology (200), Faculty of Humanities and Social Sciences (250) and lastly, Department of Petroleum and Energy Studies (300).

He noted that minimum qualification for the degree programme is two principal passes and one principal pass for the diplomas.

 

Ham Kiggundu Translates Success & Failure Book To Luganda

Last year in July, businessman Hamis Kiggundu of Ham Enterprises launched a book in which he shares his story as a successful businessman and what other people can do to be successful in life.

The book titled ‘Success and Failure based on Reason and Reality’ has emerged as one of the best sellers on Amazon for an African author and won book of the year in Uganda.

The book, according to testimonies, has been an inspiration to many people and have requested that it translated to Luganda so that other people who don’t completely understand English can be inspired and learn from it.

In the 154 paged book Ham as he is referred to by his friends and business associates explains how for one to be successful, needs to have a reasonable thinking capacity, a plan and strategy, personal responsibility, focus and vision, consistence and patience, good listening skills, choice of good company, ability to take risks in life, forgiving and forgetting, courage and determination, a supportive family and a socially, political and economically organized society.

In the book which is now available and accessible to all leading bookstores to non English speakers tackles the issues of success and money (how to make money), risks and challenges of making money, building meaning relationship with people, how to become rich and wealthy, poverty and failure, the road to success, education and success, employment and success, the law and success and other pertinent issues.

While launching the book, Ham said many Ugandans don’t believe in themselves and that they can be successful.  “While many people look at me as a successful person, its discomforting to see that many Ugandans are economically not okay. The major problem I have come to realize is that most Ugandans have very poor mindset. They don’t believe in themselves and they don’t believe in success,” Ham told journalists when launching the book.

“So many of my friends have approached me from time to time and ask how I have managed to be successful an early age of just 34 years. This is a question I can answer in a simple statement. That is one of the reasons as to why I decided to sit down and write this book,” he said last year.

Ham says the book is not about him and the things he has been able to accomplish but rather ‘about my countrymen and countrywomen to start thinking progressively and have a mindset change for the good of country’s behalf.’

 

South African National Accreditation System Accredits UNEB To ISO Certification

The Uganda National Bureau of Standards (UNBS) has been accredited by the South African National Accreditation System (SANAS) to provide International Organisation for Standardisation (ISO) Management Systems Certification.

The accreditation comes at a time when a growing number of Ugandan companies are seeking ISO management systems certification to benefit from the nascent oil and gas sector.

According to ISO, a management system is “the way in which an organization manages the inter-related parts of its business in order to achieve its objectives including, among others, product or service quality, operational efficiency, environmental performance, health and safety in the workplace.”

The SANAS accreditation means that UNBS is now internationally recognised to provide certification services to organisations for Food Safety Management Systems (ISO 22000) and Quality Management Systems (ISO 9001).

UNBS joins acclaimed multinational service providers of ISO management systems certification that comply with international requirements.

The UNBS Executive Director, Dr. Ben Manyindo said: “The accreditation means that UNBS has been accepted and recognised at international level to offer ISO management systems certification in a competent, consistent and impartial manner.”

 “This accreditation will give Ugandan companies an opportunity to certify their organisational systems and processes at an affordable cost to demonstrate that their services meet international standards and therefore capable of meeting customer expectations,” Dr. Manyindo said.

“The certificates issued by UNBS are now recognised worldwide thereby facilitating international trade. It gives us a competitive advantage in a market dominated by large foreign multinationals. We intend to use this accreditation to expand our market share of ISO certification,” Dr. Manyindo added.

This accreditation adds to the UNBS chemistry and microbiology laboratories which are internationally accredited by SANAS.

SANAS is a signatory to the International Accreditation Forum (IAF) which gives it world-wide recognition as a competent body for carrying out independent evaluation of certification bodies against recognised standards. International accreditation agreements provide a mechanism that allows accredited certificates to be accepted around the world which reduces the risk of products and services being rejected in international markets.

La Cabana To Treat Customers To Easter BBQ Brunch

Food is the ingredient that binds us together, and this Easter weekend, you and your loved ones have a chance to come together to celebrate the resurrection of Jesus Christ at La Cabana Restaurant at the scheduled Easter BBQ brunch.

La Cabana at Speke Apartments, Wampewo Avenue, is Kampala’s premium and ritzy churrasco grill restaurant serving Brazilian, Continental and Indian cuisines. And this Easter it has set to feed individuals, families and corporate organizations this Easter Sunday, 21st April, 2019.

At the East BBQ Brunch (breakfast & lunch), customers have a chance to choose between two packages – Easter Classic and Easter Premium. These two offers come with discounts fofr children below the age of ten years.

The Easter Classic package going for Shs99, 000 offers a glass of champagne, open salad bar, classic churrasco meat (unlimited 6 cuts of meat until you drop), side dishes and Easter special dessert while the Easter Premium packages a glass of champagne, open salad bar, classic churrasco meat (unlimited 9 cuts of meat until you drop), side dishes and Easter special dessert.

La Cabana is offering a 30 percent discounts for kids below 10 years and free access to the swimming pool and free cookie decorating station for kids. La Cabana's Easter BBQ Brunch is a celebration of the finest cuts of meat, welcoming ambiance – where you can be with your family and friends and enjoy all the different kinds of meat.

Victoria University Gets Student Hostels

Victoria University has announced they have started providing hostel services to students in a clean, private, secure facility located in the city centre. The university without disclosing the exact location of the hostel facility said it is located in a walkable distance from campus on Jinja Road, opposite Dewinton Road.

The fully furnished hostel facility comes with a dining area for both single and double rooms. From the hostel, students can easily access shopping malls, markets, commercial banks & ATM machines, health centres and other service providers a student can need.

Victoria University's mission is to provide a dynamic employment facing learning experience; facilitated by qualified and committed teachers in a modern, fully equipped facilities. The university stands out as a pivot of academic excellence.

“We are committed to the advancement of higher education in the country and the East African region by establishing exemplary, specialised and employment-oriented education,” Dr. Krishna N. Sharma, the Vice Chancellor, said in a previous interview.

“Our backbone too is solid, as we are backed by the Ruparelia Group which is notable in the education sector in Uganda and has under its portfolio the renowned Kampala International School Uganda and Kampala Parents School,”

The vision of the University is to provide access to higher education which transcends national boundaries and to develop educational opportunities which conform to the highest international standards.

Subscribe to this RSS feed

Kampala