For years, Uganda’s digital lending sector has expanded at breathtaking speed, but without the underlying visibility required to support responsible growth. Borrowers have increasingly turned to mobile money as their...
There are years when an industry grows quietly, and then there are years when it changes character. For Uganda’s insurance industry, 2025 was unmistakably a change of character. Viewed from…
Paul Kavuma, the former Chief Executive Officer of Jubilee Allianz General Insurance Uganda, has announced his move to Liberty Uganda, where he takes up the role of Country Head of…
This festive season, Pearl Bank (formerly PostBank Uganda) reminded customers that banking can still feel human, warm, and personal, as it concluded its Christmas campaign dubbed “Pearl Santa.” The campaign…
Old Mutual Insurance Uganda, Uganda’s No.1 general insurer, has announced that its Managing Director and Chief Executive Officer, Stephen Chikovore, will step down from his role effective 31 January 2026.…
Imagine stepping into Africa’s booming financial sector with a community behind you, ready to help you connect, grow, and lead. Becoming a member of the Kigali International Financial Centre (KIFC) is like joining an exclusive club designed to supercharge your business’s journey through Africa’s exciting financial sector. Whether you are looking to approach regulatory hurdles, broaden your network, or amplify your brand’s visibility, KIFC membership has you covered. Why Join KIFC? KIFC is not just a place; it is a movement at the heart of Africa’s financial evolution. As a leading hub for international investment and financial services, KIFC offers…
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The financial profession is undergoing a seismic shift. The age-old notions of bookkeeping and audit trails have given way to a dynamic era where finance leaders are pivotal in shaping strategy, driving innovation, and leading organisations into the future. During a conversation hosted by CEO East Africa Magazine, Charlotte Kukunda, Country Manager of ACCA Uganda, and Joseph Ssekabira, Associate Director at Deloitte Uganda, shed light on the evolving landscape of finance leadership. The Expanding Role of CFOs Traditionally seen as guardians of numbers, Chief Financial Officers (CFOs) now serve as strategic advisors and organisational architects. Joseph Ssekabira emphasised that today’s…
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Kampala Serena Hotel hosted the fourth annual Uganda Marketing Excellence Awards (UMEAS) on Friday December 13th 2024. Organized by Evolve Group Africa, the red carpet, black-tie event, dubbed “The Marketers’ Biggest Night,” celebrated the best in the marketing industry under the theme “Promoting Sustainable Marketing.” Team Centenary Bank being awarded by Kevin Masaba, General Manager -Radiocity. They won_ Best not for profit _Social good campaign-Cancer Run 2024 Best innovation-Cente WhatsApp Banking. The UMEAS, owned by Evolve Africa, highlights excellence across various facets of the marketing profession, including sustainability, branding, advertising, digital strategies, and public relations. Shafique Ssemakula, co-founder of Evolve…
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Western Union and Postbank Uganda have today launched international money transfers in the Wendi mobile wallet. The co-branded digital service will empower customers in Uganda to send and receive funds globally. Wendi is PostBank Uganda’s innovative digital wallet that enables customers to efficiently manage and transact funds directly from their smartphones and feature phones. Customers can now receive money from their loved ones into the wallet seamlessly through Western Union’s vast global network, which spans over 200 countries and territories. They also have the flexibility to send funds to bank accounts and mobile wallets worldwide, as well as for cash…
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Ruth Ajuna is living proof of how determination and access to the right financial support can transform lives. A farmer and entrepreneur from Hoima District, Ruth has cultivated a thriving business in sugarcane, coffee, and lentils since 2008, driven by a desire to support her family and provide her children with a brighter future. However, like many women entrepreneurs in Uganda, Ruth faced significant obstacles in expanding her farming operations and completing her rental property project. Despite her hard work, Ruth lacked the capital to take her business to the next level. Initial attempts to secure loans from other banks…
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dfcu Bank partnered with the Uganda Women Entrepreneurs Association Limited (UWEAL) to empower and recognize the achievements of women entrepreneurs at the Annual Women Business Leadership Conference 2024 and Award Dinner Gala held on November 28th and 29th 2024 at Motiv, Lugogo. The conference was a climax for UWEAL’s Women Entrepreneurs Month where a number of awareness activities like; Enterprise skill training and Policy advocacy forums were organised to spotlight the vital role women play in Uganda’s economic growth. As a champion of women in business, dfcu Bank’s collaboration with UWEAL underscored its long-standing legacy of empowering female entrepreneurs in…
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NCBA Bank Rwanda has announced the appointment of Maurice Toroitich as its Managing Director. The appointment brings to the helm a veteran of the banking industry, whose leadership spans nearly three decades of transformative banking and leadership in East Africa. Maurice is recognized for his pioneering work as the founding CEO of KCB Bank Rwanda, where he was instrumental in shaping the bank’s market presence and operational foundation. His tenure as Managing Director of BPR Bank Rwanda further cemented his reputation, having successfully overseen its evolution into one of the country’s leading financial institutions. He has also previously served as…
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Legitimate Money Lenders have urged the government to closely monitor economic activity during the Christmas season while re-opening dialogue on lending rates. Through the Money Lenders Association of Uganda (MLAU), comprising legitimate, ethical money lenders registered with the Uganda Microfinance Regulatory Authority (UMRA), the money lenders have called for the Government and economists to reconsider the policy capping lending rates. Legal Notice No. 21 of 2024 under the Tier 4 Microfinance Institutions and Money Lenders Act, Cap 61 issued by the Ministry of Finance, Planning and Economic Development Minister Hon. Matia Kasaija, recently capped the minimum interest money lenders can…
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I&M Bank Uganda is extending a festive season gift to its customers with a loan repayment holiday, providing much-needed financial relief during the Christmas season and the back-to-school period. The campaign dubbed ”Nyumirwa Breaktime”, which runs from December 1st 2024 to February 28th 2025 will allow retail loan customers a repayment holiday of up to 60 days before their first installment is recovered. The announcement was made on Monday, December 2nd 2024, during a launch event at the bank’s Headquarters at KingdomKampala, which was attended by the bank’s top executives, staff from various branches, and valued customers. CEO Robin Bairstow,…
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David Plenderleith was announced the winner of the second edition of the I&M Bank sponsored- Serena 63 Golf Series, at the season finale prize giving do, on Saturday November 30th, at Lake Victoria Serena Golf Resort and Spa, Kigo. The 2024 edition of the Serena Hotels organsied series teed off in April, and was concluded on the final day of the month of November. The series registered a total of over 70 players, and attracted hundreds of golfers in the quarterly outings. And at the end of the second edition of the series, Plenderleith, who won the inaugural edition last…
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