In a financial sector often driven by balance sheets and bottom lines, Joseph Mugume has spent 25 years proving that sustainable growth begins with people. As Chief Executive Officer of...
As schools across Uganda reopen for the first term of the academic year, dfcu Bank has rolled out a nationwide back-to-school campaign aimed at easing the heavy financial burden that...
If ESG were a person, at Letshego Uganda, he/she would not be seated in a boardroom quoting frameworks. It would be on the road, on the phone, and occasionally on…
Eri Ssebowa is a seasoned finance and accounting professional with over nine years of progressive experience in strategic financial management, business partnering, financial reporting, and performance management across the banking,…
Following a reputational and financially bruising fraud scandal — in which the brewer estimates to have lost about UGX 9 billion — and the subsequent exit of its Heads of…
By Sarah M. Chelangat For years, tax compliance has eluded the tax man with slightly over 2 million taxpayers out of a population of 20 million working adults contributing to the tax base. Of the 2 million registered taxpayers, 50% are companies doing business in Uganda. This means a minimal number of individual Ugandans are contributing to the tax basket. In a bid to expand the tax base and bring more Ugandans to contribute to national development, Uganda Revenue Authority (URA) has introduced initiatives such as a mandatory Tax Identification Number (TIN) for motor vehicle transactions and government suppliers who…
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Uganda has begun to reap the benefits of its cooperation with the United States in terms of improved transparency in the administration of public medicines and health supplies. The U.S. government assisted NMS in constructing a robust and contemporary health supply chain system, allowing the government agency to efficiently manage the acquisition, storage, and distribution of medical supplies. Natalie Brown, the U.S. ambassador to Uganda, asserts that Washington is dedicated to enhancing the procurement, storage, and distribution of health goods by NMS. Natalie noted that the United States government has devoted substantial resources to establishing and implementing the NMS+ Enterprise…
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The Public Procurement and Disposal of Public Assets Authority (PPDA) has been selected to host the 14th annual East African Procurement Forum and introduce the East African Business Expo to take place from 23rd to 26th March, 2023 at Kololo Independence grounds in Kampala Uganda. The East African Procurement Forum (EAPF) is an event which gathers Heads of public procurement regulatory bodies from the East African Community (EAC) member states and other participants on an annual basis. The East African Procurement Forum and East African Business Expo is an opportunity to share experiences and challenges with the aim of improving…
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Billionaire businessman, Dr Sudhir Ruparelia and friends, on Wednesday, December 2022 paid a courtesy visit to retired Cardinal Emmanuel Wamala at his residence at Nsambya, where he carried gifts and a cake to celebrate the retired prelate’s 96th birthday and 65th priestly anniversary. The businessman was accompanied by among others, businessman Ephraim Ntaganda and Commercial and Corporate lawyer, Alex Ruzida. “He is a symbol of unity, he led the faithful well and was never segregating; he is a man of God that should be celebrated every day and emulated,” Dr. Sudhir Ruparelia told CEO East Africa soon after the visit….
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Uganda’s bottled drinking water sector has been growing unprecedentedly. There are over 100 registered players, with an estimated total turnover of UGX400 billion. Rwenzori Mineral Water is the market leader and contributes more than a quarter of Coca-Cola Beverages Uganda’s (CCBU) turnover. Fresh from winning back, nearly all of its lost market share in the carbonated soft drinks category from CCBU, Crown Beverages Limited, Uganda’s oldest beverage company has now recalibrated its guns with eyes on winning a chunk of the lucrative bottled drinking water category. This November, CBL introduced a new brand of water- Aquafina. Aquafina, enriched mineral water…
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A ceremony highlighting the move was held on Friday, December 16—presided over by Dr. Tumubweinee Twinemanzi, the Executive Director of Supervision at the Bank of Uganda. Ms. Annet Nakawunde, the bank’s Managing Director said that the unveiling of a corporate branch is a strategic move to reposition the bank for its next phase of growth. “The decision to relocate our head offices is right because what used to be our microfinance customers have since grown to be corporates and they now deserve the service of being corporates,” Ms. Nakawunde said, noting that, the previous location had turned inaccessible for the…
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During their rebranding- from Toyota Uganda to CFAO Motors Uganda, in February this year, Thomas Pelletier, Managing Director, said that the company, which was largely known for the high-end SUVs would soon diversify their portfolio to include pocket-friendly brand-new vehicles. Well, we didn’t think, it would happen this soon and that pocket-friendly would come anywhere cheaper than UGX100 million. First, in February, CFAO unveiled a new range of passenger and mid-size SUV models, namely, the Toyota Corolla Cross, Toyota Urban Cruiser and Toyota Starlet. The three affordable ranges were launched alongside an asset financing facility with NCBA Bank Uganda…
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Pearl Nimusiima, a seasoned communications and marketing specialist with experience spanning over 10 years has been appointed the Public Affairs and Communications Manager for Coca-Cola Beverages Uganda (CCBU). Pearl, has worked in both the private and public sectors supporting projects with strategy development and implementation of various communication campaigns. Her communications knowledge covers corporate reputation business strategy development and implementation; stakeholder identification, management and engagement; media management; fundraising, concept development, grievance management, and crisis communications. Before CCBU, Pearl worked for the Rural Electrification Agency (REA), UNICAF University, Hill + Knowlton Strategies as well as Uganda National Roads Authority (UNRA). Pearl…
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ioTec Limited, a Ugandan-owned financial technology company and software consultancy firm, has been issued two licenses by the Central Bank of Uganda to operate and provide payment services under the National Payments Act, 2020. The two licenses are Payment Service Provider (Small Electronic Money Issuer) and Payment Systems Operator (Small Funds Transfer). The ioTec Platform is a business-to-business technology that includes services for customer onboarding, KYC verification (individual & business), digital payments, and credit referencing. The ioTec Platform aims to strengthen service linkages between financial service providers, manufacturers, as well as small and medium-sized businesses. The ioTec Platform empowers several…
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Airtel Mobile Commerce Uganda Limited (AMCUL) the mobile money and digital payments arm of Airtel Africa Plc needs to overhaul its outdated mobile money system to a more dynamic and secure system if it is to avoid repeated hacks in which billions of money have been stolen- an ICT and Cyber Security expert familiar with the AMCUL system has told CEO East Africa Magazine. The expert was commenting on the recent “Root Cause Analysis Report” shared by AMCUL’s Chief Executive Officer, Mr. Japheth Aritho Kinyua with the CEOs and the ICT/Cybersecurity Committee of the Uganda Bankers Association (UBA). According to…
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