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    Samuel Muhimba

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    2020 Half Year financial results: Stanbic Bank assets hit record UGX7.7 trillion

    Samuel MuhimbaCompany NewsAugust 21, 2020August 21, 2020

    Uganda’s largest bank by assets and deposits, Stanbic Bank, has posted an incredible 26.5 percent growth in assets from UGX 6.1trillion to UGX 7.7 trillion, Half Year results for year…

    Victoria University Unveils Prof. John Opuda-Asibo as new university Chancellor

    Samuel MuhimbaCompany NewsAugust 19, 2020August 19, 2020

    Professor John 𝗢𝗽𝘂𝗱𝗮-𝗔𝘀𝗶𝗯𝗼 was on Tuesday unveiled as the new Chancellor of Victoria University during the virtual swearing-in ceremony that was attended by Board of Governors at the University’s auditorium….

    COVID-19: UMEME’s half year gross profit drops by 22 percent

    Samuel MuhimbaCompany NewsFinanceAugust 18, 2020August 18, 2020

    Uganda’s biggest power distributor UMEME Limited has announced its half year financial statements  for the six months ended 30th June 2020 indicating a reduction in gross profit by 22 percent…

    Uganda now approved member of Extractive Industries Transparency Initiative

    Samuel MuhimbaFinanceAugust 14, 2020August 14, 2020

    Uganda’s application to join Extractive Industries Transparency Initiative (EITI) community has been approved, EITI Board on Wednesday announced. Uganda, whose commitment to join the EITI was first made in the 2008…

    UNRA seals UGX753.5 billion contracts for 191km Apac and Lira roads

    Samuel MuhimbaThe Big StoryAugust 14, 2020August 14, 2020

    Uganda National Roads Authority (UNRA) has handed over contract documents for the construction of Rwenkunye-Apac-Lira-Puranga Road (191km) to two contractors; Gulsan Insaat Sanayi Turizm Nakliyat Ve Tecaret A.S. Turkey and…

    Standard Chartered Bank and Airtel partner to drive financial inclusion across African markets

    Samuel MuhimbaCompany NewsAugust 13, 2020August 13, 2020

    Standard Chartered Bank and Airtel Africa have today announced a partnership aimed at promoting financial inclusion across African key markets by providing customers with increased access to mobile financial services….

    Desert locusts fight: Uganda’s efforts get boosted with 50,000 litres of pesticide from Bayer

    Samuel MuhimbaCompany NewsAugust 12, 2020August 12, 2020

    Bayer has boosted Uganda’s efforts in fighting the desert locusts by offering a contribution of 50,000 litres of Aerial Spray Pesticide (Deltamethrin 12.5 Ultra Low Volume) for reinforcement of Desert…

    Who is Hope Ekudu, dfcu Bank’s new Chief Operating Officer

    Samuel MuhimbaCompany NewsAugust 12, 2020August 12, 2020

    Hope Ekudu has been appointed as Chief Operating Officer at Uganda’s 5th largest bank by assets (UGX2.9 trillion) dfcu Bank. A  certified Retail Banker, ITIL certified (foundation level), Ekudu  who…

    Toyota Uganda closes Kampala branch after three employees test positive for COVID-19

    Samuel MuhimbaCompany NewsAugust 10, 2020

    Toyota Uganda, the exclusive Distributor of Toyota vehicles in Uganda, has confirmed that three of its employees have been referred to Mulago Hospital after testing positive for COVID-19. The company…

    Bank of Uganda maintains CBR at 7 percent as it predicts slow economic recovery

    Samuel MuhimbaThe Big StoryAugust 10, 2020August 10, 2020

    The Bank of Uganda (BoU) has Monday morning released the Monetary Policy statement for August maintaining the Central Banking Rate at 7 percent. During the Monetary Policy Committee (MPC) meeting…

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