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…
Accordingly, all of IMG’s rebranded- International Hospital Kampala became C-Care IHK and International Medical Centre became C-Care IMC. The Group, one of the largest healthcare providers in Uganda, also added to the portfolio, C-Labs and C-Pharma. During the announcement of the branding, Sukhmeet Sandhu, the C-Care CEO, in an open letter to stakeholders promised that C-Care would augment its capacity to deliver quality healthcare services by expanding and improving its facilities, programs and services. Hardly a few months later, C-Care has opened its first state-of-the-art outpatient centre at Parliament Avenue, in Kampala’s Central Business District. The new fully-equipped centre’s aesthetic…
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In further executive changes, Equity Bank Uganda has announced the appointment of Dorothy Keziah Asiimwe as Executive Director, Banking Operations and Elizabeth Mwerinde Kasedde as Executive Director, Public Sector and Social Investments. This follows the elevation of Anthony Kituuka, previously the Executive Director, to become the new Managing Director. Samuel Kirubi, previously the head of the bank, has been promoted to Group Chief Operating Officer (GCOO) and will be based at the Group headquarters in Nairobi. Kezia has over 10 years of banking experience, eight of which have been at Equity Bank. On her LinkedIn profile, she describes herself as…
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Acclaimed Kenyan transformational speaker and coach, Dr. Robert Burale is coming to Kampala, for an inspirational evening of what organisers say will be “life-changing conversations.” Dr. Burale, who is also a much-sought-after public speaker, public relations and marketing specialist, business consultant, author and gospel minister, will be speaking about personal and career transformation this Thursday, 25th November 2022, at Kampala Serena Hotel, starting at 5:30 pm. He is also the founder of the Naked Truth Movement, whose aim is to address real-life challenges that people go through silently affecting marriages and families, which in turn has a negative effect on…
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Samuel Kirubi, the outgoing Managing Director of Equity Bank Uganda, has been promoted to the position of Group Group Chief Operating Officer (GCOO). He has been replaced by Anthony Kituuka, previously the Executive Director at the bank. In a statement this morning, Equity Group said that, Samuel, had in his seven years of duty in Uganda, turned around the entity from No 16 to the 5th most profitable bank in Uganda and the 6th largest bank in deposits and assets. “Samuel will oversee the enhancement of the Group’s capacity to deliver on its strategy by aligning people, processes, systems, commercial…
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Anthony Kituuka, 47, has been appointed the Managing Director, of Equity Bank Uganda, pending approval by the Bank of Uganda, the financial services regulator. An aggressively passionate and hands-on banker, Kituuka has been the Executive Director, at the bank since April 2016. In that role, he has effectively been the bank’s No.2 and a core part of the bank’s leadership team. He has also been sitting on the bank’s board. CEO East Africa Magazine, understand Samuel Kirubi, the outgoing Managing Director has been recalled to Group, to take up a Group Chief Operating Officer role at Equity Group Holdings Limited….
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Uganda Telecommunications Corporation Limited (UTCL)—the newly formed government-owned telco is expected to, this Friday, November 18th, 2022, take over the assets of the now insolvent Uganda Telecom. Uganda Telecom was previously owned by the governments of Libya and Uganda. UTCL the new owner of Uganda Telecom is 60% owned by the Ministry of Finance, Planning and Economic Development (MoFPED) and 40% by the Ministry of ICT and National Guidance (MoICT&NG). UTCL was incorporated on 8th April 2021 and on 23rd February 2022, entered into an Asset Sale and Purchase Agreement to buy the assets- and not debts and or liabilities…
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As per the insolvency law, the biggest chunk of the proceeds will go towards paying bank loans, statutory obligations, pensions arrears of former Uganda Posts and Telecommunications Corporation (UPTC) staff, administration fees and other employee related costs. Very few of private sector, creditors will be paid. As if this is not bad enough, of the total UGX316.4 sale price, the government (UTCL) has only paid about UGX75 billion and has so far failed the 30th of September 2022 deadline to pay the remaining UGX241.6 billion. Of the UGX75 billion paid so far, UGX13,886,681,657, inclusive of taxes has gone to the…
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Centenary Group was awarded as the winner in the Banking Services category of the 2022 Financial Reporting Awards (FIRE). The Group also came third in the Excellence in Integrated Reporting category during the awards ceremony. The Group was also recognized with an Outstanding Achievement Award in the Corporate Governance Reporting and Sustainability Reporting categories. The FIRE Awards are an annual ceremony through which excellence in financial reporting is recognized and rewarded. Organisations in the private, public and non-profit sectors participate by submission of their annual reports for the year under review. The best performers are rewarded based on their level…
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Uganda’s tax body, Uganda Revenue Authority (URA) has granted Uganda Breweries Limited (UBL) Authorized Economic Operator (AEO) license, during an event held at Speke Resort Munyonyo on November 11th 2022. An Authorized Economic Operator (AEO), according to the World Customs Organisation (WCO) is a party involved in the international movement of goods, that has been approved by, or on behalf of, a national customs administration as complying with WCO’s or equivalent supply chain security standards. AEO status is an internationally recognised quality mark that shows the holder has customs control procedures that are internationally accepted. Because they are recognised as…
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Bernard Ology is an advertising, marketing communications and branding professional with over 10 years of experience and a strong background in creative, strategy and brand building. He is the Co-founder and Creative Director of BrandKnew Communications, a boutique creative and advertising agency in Kampala. Working with mainly medium-sized brands, SMEs and startups, he has established a reputation for beautifully crafted, design-led graphic narratives across various genres and media platforms. Throughout his professional life, Ology’s creative streak has touched more than 50 brands. Some he worked on with other teams, but those he built from the ground up, include Eco Concrete,…
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