The Association of Chartered Certified Accountants – ACCA in partnership with Deloitte Uganda have announced the winners of seven categories of Chief Finance Officers Awards. The 6th edition of CFO awards was held at Kampala Serena Hotel on Thursday evening. Charlotte Kukunda – Country manager – ACCA Uganda noted that CFOs have demonstrated that their role is critical for decision-making and business in general. “It develops people for leadership roles. 60% of our previous over roll winners have moved on to senior roles within the organizations or elsewhere,” she revealed. She noted that this is inspirational and enables the creation…
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The British High Commission in Kampala has announced that the UK will provide £2.2m (about UGX9.3bn) to World Health Organisation – WHO, United Nations Children’s Fund – UNICEF and World Food Programme – WFP to support Uganda’s response to the current Ebola outbreak. Accordingly, WHO will be given £400,000 to enhance case investigation and contact tracing at the local level, support laboratory diagnosis, and strengthen co-ordination of the response; UNICEF takes £900,000 to help prevent transmission of the disease through both strengthened engagement with local communities, and improved sanitation and hygiene provision in key installations – such as community health…
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The Bank of Uganda – BoU has commended Stanbic Bank Uganda for rational lending practices on interest rate for loans, credit cards and lines of credit. Tumubweine Twinemanzi, Executive Director of the Bank Supervision Directorate of the Bank of Uganda said this at the commemoration ceremony of the Standard Bank Group’s 160th Anniversary, the mother company of Stanbic bank at Serena Kampala Hotel on Friday. “We have heard the banking sector being abused about hiking interest rates, so far, Stanbic Bank is the only one whose prime rate is highly positively matching with the CBR (Central Bank Rate),” he said….
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British American Tobacco – BAT was named the gender mainstreaming champion for Africa at the 10th Accenture Gender Mainstreaming Awards. During the awards ceremony held concurrently in Kenya and South Africa last Thursday, BAT’s East and Southern Africa unit scooped the top accolade for its efforts in accelerating gender diversity and inclusion in their organisation. The Company’s East Africa unit with its manufacturing hub in Nairobi’s industrial Area was a category winner for Women Empowerment in the Workplace – East Africa and a 2nd finalist for Mainstreaming Gender and Disability. Established in 2012, the Gender Mainstreaming Awards aim to encourage…
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Standard Bank’s diverse team and skillsets have been recognized at the Global Finance Awards 2022 after taking home wins in more than a dozen categories. Throughout the year, leading finance publication, Global Finance, honours the best banking institutions and their capabilities following stringent analysis alongside globally recognised corporate and financial executives, bankers, and banking consultants. This year, Standard Bank was selected as the winner in the following categories: • Global Finance World’s Best Banks in Africa 2022 for South Africa and Malawi • Global Finance World’s Best Sub-Custodian Banks 2022 for Africa and separate regional awards for Ghana, Kenya, Mozambique….
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Serengeti Breweries Ltd has appointed Alfred Balikagira as its Operations Director – effective 01 November 2022. Alfred has over 20 years of experience in manufacturing operations at both operational and executive levels. He is currently the Supply Chain Director for Uganda Breweries Limited, a position he has held for the last 2 years and 9 months. Under his leadership, the Supply function has delivered a number of Capital projects including Brewing expansion, packaging line 5 completion as well as the recently launched Biomass project. Notable awards that UBL has received under his leadership include the most coveted Diageo’s Brewery of…
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Stanbic bank Uganda, the oldest Commercial Bank in Uganda, has joined the world to commemorate global customer service week. Stanbic decided to stretch the celebration for the whole month of October, starting from Kampala to Mbale, Mbarara and Fort Portal respectively. “This is the first of the market days and unlike others who are doing customer service week, we are doing customer service month; this week we are here in Kampala, next week we are in Mbale, the week after that we are in Mbarara and in the fourth week we will be Fort Portal and in each of those…
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President Paul Kagame has fired Rwanda Development Board Deputy Chief Executive Officer – Zephanie Niyonkuru, reports local news outlet, The New Times. The fired exec was accused of repeated managerial failures. Rwanda Development Board (RDB) is a Government of Rwanda entity tasked to transform Rwanda into a global hub for business and innovation by fostering an attractive investment environment, enabling regional and global exports, as well as creating jobs. Niyonkuru holds a Master’s degree in Finance (Economic Policy) from the University of London, School of Oriental of African Studies (SOAS). He obtained a diploma in private sector development from the…
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Bank of Uganda – BOU has yet again increased Central Bank Rate – CBR to 10% from 9% where it has been for less than two months. Earlier in August this year the Central Bank announced the increment of the CBR by 50 basis points to 9% from 6.5% in a bid to manage inflation. Now, Michael Atingi-Ego, Deputy Governor, has revealed that at the Monetary Policy Committee (MPC) meeting held on 6 October 2022, the Bank of Uganda decided to once again increase the CBR to influence lending behaviour of commercial banks. He says that a combination of global…
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President Yoweri Museveni has come out and apologized to Ugandans, Kenyans, and all East Africans over the errant tweets of First son Gen Muhoozi Kainerugaba. Muhoozi who was on Tuesday promoted to a full General and also relieved of his duties as Lands Army Commander has lately been in a verbal fight with Kenyans through Twitter. In some of his tweets, the First Son sounded threatening the neighbors that “his” army was too powerful to capture their capital Nairobi in the shortest possible time if provoked. This has drawn the President’s attention noting, “I ask our Kenyan brothers and sisters…
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