By Our Reporter
Picfare Group of Companies [The Group]
has clarified on reports circulating on social and print media that the company is closing shop in Uganda.
Picfare Group of Companies is the promoters of Southern Range Nyanza Limited, Picfare Industries Limited and Henley Property Developers Limited among others.
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In a public notice issued this Wednesday evening, Picfare has said it has learnt that the General Public is concerned about the winding up of some entities associated with the Group.
Such entities include among others: Picfare Trading Co. Limited, Picfare Jinja
Limited among others as detailed in The Monitor Newspaper of Wednesday 07/12/2022 and the Gazette.
In a public notice signed by The Group corporate affairs director, The Group would like to clarify as follows:
(i)
That the companies being wound up in accordance with the Law have been
DORMANT. As such, with the view to ensuring compliance with the Law, these are formally being closed for better compliance;
Al active Group Companies like Southern Range Nyanza Limited, Picfare Developers Limited among
(ii)
Industries Limited and Henley Property
others are fully functional and shall remain serving you sa always.
(iii)
There is therefore no need to be worried of missing out on any of the Group brands/services.
Lastly, the Group is eternally grateful for the business support over the years that explains the raging debate on social medial. The Group will continue serving you even better.
Since its establishment in the early 1980s, the Picfare Group has continued to grow and diversify across various business sectors and countries, with the main operations focused in Africa, Middle East and the United Kingdom.
The key to success in today’s competitive and dynamic world is continuous evolution, and therefore our business strategy is built around continuous improvement, perpetual edification and sustained reinvention.
With the use of innovation, harnessing of young and brilliant talent and ethical corporate principles, we add value to the lives of our clients, suppliers, employees and other stakeholders. We are continuously upgrading our core products to deepen our hold in the market by keeping up with the ever changing landscape and demand of the markets we operate in.
Today, Picfare Group is recognised as a reliable organisation, respected for its achievements, professional ethics, governance and innovative concepts. Banking on strong fundamentals and excellent goodwill, the company is poised for a new phase of dynamic growth.
