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Uganda National Basketball League (NBL) side JT Jaguars has landed a mega sponsorship deal with Goldmine Financial Limited, a leading financial institution.
The five year deal worth 500m per year was announced on Thursday, May 9 at Golden Tulip Hotel in Kampala where the state minister for sports, Hon Peter Ogwang was the Chief Guest.
The development left JT Jaguars founder and president Dr. JT Nyangenya on cloud nine: “We would like to express our gratitude to Goldmine Finance for their financial support as well as for giving us the chance to mentor the members beyond the sponsorship.”
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“Providing them with financial advice as an added benefit to help them make plans for today and the future - a time when they will not be participating in sports actively.”
“The package will take care of the well being of the squad in both local and continental competitions. As one of the top five upcoming basketball teams in the NBL, we aim to win as many games,” he noted.
JT Jaguar is a two sided team with both male and female teams competing in the NBL. The Men’s team is playing in the top flight as a debutant and have won nine of their 16 games played so far.
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On the other hand, the Women’s team gained promotion to the NBL in 2023 finishing as high as fourth in their maiden season.
Meanwhile, Goldmine Finance’s managing director Mr. Allan Tayebwa stated what inspired the financial institution to invest in this basketball club.
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“We recognize and value sports as a unifying force and a major source of passion for our generation and our dedication to the objectives of Corporate Social Investment (CSI) is shown in this sponsorship.”
“We think the team has a great potential and their will to succeed at any cost motivated us to think of taking this road with them and making it worthwhile,” he added.
About Golden Finance: It is a tier IV Microfinance Institution that started in 2011. It provides innovative financial solutions and exceptional customer service to individuals, businesses, and communities. Now with three branches offering a wide range of financial products and services, including personal and business loans, mortgage, and agency banking.
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