- September 2, 2019
- Posted by: Pamela Abonyo
- Category: Press Releases
24th January 2019 :
NIC Holdings Ltd has today unveiled a new and better Insurance sponsorship package for FUFA and the Uganda Cranes.
The package, which was unveiled at the NIC headquarters in Kampala, for the Uganda Cranes, the Junior League and the FUFA drum Tournament is an improvement over the previous contract with FUFA. The new contract covers all players, coaching staff and team doctor against death and injuries resulting in permanent disability sustained while on official engagements. It also covers incidences during training as well as travels to and from matches and burial arrangements in case of death occurs. The contract details are below:
- The Uganda Cranes: The sponsorship worth Ushs 660,000,000/- annually.
- The FUFA Junior League: The sponsorship is worth Ushs 800,000,000/- annually
- The FUFA Drum Tournament: The sponsorship is worth Ushs 960,000,000/- annually.
- FUFA Awards: The sponsorship is Ushs 10,000,000/- annually
- A generator: Worth 18,000 USD
Managing Director of NIC, Mr. Bayo Folayan said: “This package is in line with NIC’s continued support of sports in Uganda, we believe the youth are the future of the country and that is why this partnership goes a long way to support the efforts of government in the area youth and sports development”.
He congratulated the Uganda Cranes for qualifying for the African Cup of Nations and challenged them the aim higher to the biggest football tournaments such as the World Cup.
“Our vision in supporting football in Uganda is to create an enabling environment for our footballers so that they too can compete on a global platform and rank among the best in the world,” Mr. Folayan said.
NIC first Insured the Uganda Cranes in 2008 and continues to do so to uplift the standard of sports in Uganda as part of the company’s community development program.
Other areas of sports in which NIC is actively involved include netball as a way of empowering the girl-child. And for over 15 years now, NIC’s Netball team has triumphed in all major tournaments, including the East and Central African Netball Club championship, in the African region.