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…
Centenary Bank, Uganda’s second-largest bank, by deposits, lending, assets and profitability, has been named Uganda’s Best Retail Bank 2022 in the just-announced Global Banking and Finance Awards. Ran by the UK-based Global Banking & Finance Review, one of the leading banking and finance industry online and print magazines, the Global Banking and Finance Awards recognise and celebrate financial institutions that are innovatively embracing the changes in the financial world to fuel their own and their customers’ growth. The bank was recognised for its innovative leadership and use of technology to enhance especially financial inclusion. The Bank, which is the…
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In its typical, do-more-but-shout-less approach, under Fabian Kasi’s leadership, by 2014, Centenary Bank had overtaken Barclays and Crane Bank to become the third-largest bank in the country, behind Standard Chartered Bank and Stanbic. In 2017 upon acquiring Crane Bank, dfcu Bank briefly became the 2nd biggest, displacing Standard Chartered Bank into the third position, but by 2018 Centenary Bank had overtaken both dfcu and Standard Chartered to settle in the second position with UGX2.282 trillion in deposits, UGX1.529 trillion in lending and UGX3.170 trillion in assets. Net profit- reached UGX107.6 billion, having crossed the UGX100 million mark for the first…
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Jumia, Africa’s leading e-commerce platform, has announced the appointment of Vinod Goel, as Uganda’s new Chief Executive Officer. Vinod takes over the leadership mantle from former CEO, Ron Kawamara who is leaving to pursue a big impact opportunity that has presented itself. Vinod will focus on making Jumia sharper and faster to delight more and more customers with their needs. He will also work closely with partners and vendors to make Jumia their most preferred sales channel. Vinod joined Jumia 18 months back as Head of Fulfillment overseeing operations across all Jumia markets. He played a pivotal role in making…
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Samuel Fredrick Mwogeza, the former Stanbic Bank, Uganda, Executive Head for Consumer & Affluent Banking is the new VisionFund International Global CFO. VisionFund International is a global multinational, present in 28 countries, including Uganda, which works to improve the lives of children in the developing world by offering microfinance and other financial services to families. It is a wholly owned subsidiary of World Vision that oversees World Vision’s microfinance work Mwogeza left his position at Stanbic in August 2022. Including Stanbic Bank, Mwogeza possesses nearly 20 years in senior roles in the Ugandan commercial banking industry- 12 of them at…
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In the period leading to the 2011 fall and subsequent death of Libyan Leader, Col Muammar Muhammad al-Gaddafi in October 2011, Uganda Telecom was a promising company. The previously state-owned telco was spun-off Uganda Posts and Telecommunications Corporation (UPTC) in the 1999 unbundling that also created Post Bank Uganda and Posta Uganda Limited. In June 2000, the Government of Uganda (GoU) sold a 51% stake for USD33 million to Ucom, a consortium backed by Swiss-registered Telecel International, Germany’s Detecon and Orascom of Egypt. To catch up with the rest of the players at the time, Uganda Telecom in 2000 launched…
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Simba Group Founder, Chairman & Chief Executive Officer, Dr. Patrick Bitature has been named Entrepreneur of the Year at the just-ended African Tourism Leadership Forum, held in Gaborone, Botswana. The multi-sectoral entrepreneur was recognised for “showing tremendous entrepreneurship impact in Africa’s hospitality industry”, according to a statement released by the Group. The Africa Tourism Leadership Forum (ATLF) is a Pan-African dialogue platform that brings together key stakeholders of Africa’s travel, tourism, hospitality, and aviation sectors to network, share insights, and devise strategies for intra-Africa travel and tourism growth across the continent, whilst enhancing the brand equity of “Destination Africa’’. The…
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Uganda Baati Limited has been recognized with the 2022 People’s Choice Quality Award for providing the Best Quality Iron Sheets on the market. “Uganda Baati has been a proud recipient of a number of People’s Choice Awards in the steel category and this reaffirms our commitment to offering quality building solutions to our clients. Thanks to Ugandans for appreciating our quality products through this and other recognitions,” says George Arodi, Chief Executive/Business head of Uganda Baati. “The company over the years has worked on unmatched quality products and prides itself as a market leader in innovation within the sector. We…
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Similarly, for Uganda Baati, its success is built on it’s the grit of its over 300 men and women that make up its permanent staff, but equally important on its leadership who oversees the delivery of its mission and vision. According to Amon Aruho, the Uganda Baati Head of Human Resource, “People are what drive Uganda Baati. “Our people are the glue that has been holding together all the other success drivers that have been pivotal in sustaining our 58-year-old legacy as well as the ability to meet the expectations of our shareholders and our community,” says Aruho. Aruho adds…
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President Yoweri Museveni, on Friday, October 21, commissioned the Dei Biopharma manufacturing facility in Matugga, near Kampala. The pharmaceutical plant will produce high-quality yet affordable medicines across a range of therapeutic areas such as cancer medicines and malaria treatment, that will make a difference to millions of families across Africa. The facility is also the only African pharmaceutical company now manufacturing Covid-19 therapeutic medications and getting gearing to produce one billion doses of mRNA vaccines, guided by World Health Organisation standards. Speaking at the commissioning of the UGX. 1.8 trillion pharmaceutical manufacturing facility in Kigogwa, Matugga, President Museveni praised the…
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Fabian Kasi is the Managing Director of Centenary Bank, Uganda’s second-largest bank by assets, deposits, lending and profitability. He has been at the helm of the bank since 2010, leading it through its rosiest growth years. In this interview with CEO East Africa Magazine’s Muhereza Kyamutetera, he explains the bank’s winning formula and future growth plans. First of all, take us through the state of Centenary Bank, what are the key facts and figures that define the bank? Our Profit after tax increased from UGX161.2 billion in 2020 to UGX211.5 billion in 2021 registering an increase of 31.2%. This performance…
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