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…
New Corporate League entrants I&M Bank proved that they are not only experts in money matters but also a force to be reckoned with when it comes football. The bank was the team to watch at seventh outing of the ongoing season of the Corporate League that took place at Kings Park in Bweyogerere on Sunday 28th August 2022. The bank started operations in Uganda in November last year, following the acquisition and rebrand of Orient Bank. The bank participated in 6 soccer games out of which they won 4 games, drew one and lost one game garnering 15 points…
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August 15th is etched in the books of history as the glorious day that India attained Independence. As the Asian nation ushered in its 75th Independence Day, I&M Bank Uganda joined the Lohana community of Kampala and Indian Association Uganda in the momentous celebrations to commemorate the day that were held on Saturday, August 13, at Speke Resort Munyonyo. I&M Bank Uganda started operations in Uganda in November 2021 following the acquisition and rebrand of Orient Bank. The bank boasts of a large number of loyal Indian customers across different segments like Corporate, SME and High Net Worth Individuals among…
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Uganda Securities Exchange (USE) Uganda’s principal stock Exchange, has on Monday announced the admission of Chipper Technologies Uganda Limited as a new Trading Participant/stockbroker on its market and as a USE Securities Central Depository Agent (SCDA). As a trading participant, Chipper’s core mandate is to enable existing and potential investors execute transactions in relation to shares and bonds listed on USE by providing stock brokerage services in line with the rules of the Exchange, the Capital Markets Act and regulations thereunder. “Having acquired a stockbrokerage license from the Capital Markets Authority (CMA) and having satisfied the eligibility requirements to be…
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In partnership with Airtel Uganda, Microsoft and MC3 Cloud will provide Microsoft Office 365 services to enable business customers to access Microsoft Cloud Services that help to improve business operations while maintaining good security of Business data and information. Microsoft 365 is a cloud-based productivity tool designed to help individuals or organizations pursue or meet their online productivity goals while maintaining the required security. The Businesses can concentrate on the delivery of their core business, while Airtel Uganda and Microsoft will take away the worry about online collaboration, security, and productivity of the teams. More than just apps like Microsoft…
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Umeme Limited has released its unaudited interim condensed financial results for the six months’ period ended June 2022. In the financial statement signed by the company Chairman and MD, Patrick Bitature and Selestino Babungi respectively, despite the challenging macroeconomic environment, the electricity sector was resilient and posted a 9% increase in energy demand, due to the opening of the economy since January 2022. “The economy was on course for a strong rebound at the start of the year, helped by higher domestic demand amidst the easing of pandemic-curbing restrictions,” they said. “However, the challenging global environment in the wake of…
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In spite of an unpredictable operating environment characterized by global price instability and a tightening of monetary policy by Bank of Uganda to curb imported inflationary pressures, Stanbic Uganda Holdings Limited (SUHL) reported a half year profit-after-tax of UGX162 billion ending June 30, 2022. This is up from UGX158 billion recorded during the same period last year, indicating a 4.7% improvement. Speaking during presentation of the SUHL 2022 half-year results, the Chief Executive, Andrew Mashanda, said, “our performance was driven largely by our anchor subsidiary, Stanbic Bank Uganda Limited. Our new subsidiaries are continuing to deliver green shoots of hope…
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Binusu, a Local Crypto currency exchange, and pioneer of fiat to crypto exchange in Uganda has unveiled new features to provide users in Uganda with top-notch services in Fiat to Crypto Exchange. “Our objective is to simplify the use of cryptocurrencies, and we do so while building the trust and confidence of our users,” said Tweheyo Brian, Binusu exchange Chief Executive Officer. He added, “With a new and improved trading platform and other services, Binusu which begun in Uganda, is now ready to take its services to the rest of the world.” According to Tweheyo, Binusu has for the last…
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FINCA Uganda in partnership with National Forestry Authority (NFA) have embarked on a forest restoration initiative worth UX 100,000,000 restoring sixty (60) hectares (ha) of forest land. This corporate social responsibility program is in commemorate FINCA’s 30th anniversary in Uganda. The exercise will cover a period of five (5) years and the restoration planting will be spread ten (10) central forest reserves across the country. The first restoration planting was launched in Bajo Central Forest Reserve (CFR) in Bbaale constituency – Kayunga district. Bajo CFR covers a total of 3,373 ha, gazzetted in 1932 as a catchment area for R….
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Mukula Milton George has been appointed Trade Marketing Manager for Uganda Baati Limited, a member of the SAFAL Group effective 04th August 2022. He will be in charge of developing and executing a robust Trade Marketing Strategy for Uganda and the export markets focusing mainly on DRC and Southern Sudan. He comes with a wealth of experience of over 16years in both FMCG and Telecommunication Industries and solid skills in Trade Marketing, Corporate Communication, Innovations Commercialization, Brand Management, Distributor Management, Sales Force Leadership& Motivation, Promotion &Events Execution. Up to 02nd August, he was working at Airtel Uganda Ltd as the Kampala CBD Territory Business Manager….
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Unilever Uganda this morning launched the new and improved OMO laundry detergent at their offices in Kampala. The new OMO comes with an improved formulation and unbeatable stain removal including an enhanced whitening performance packaged in a fresh new look. The new formulation delivers on unbeatable strain removal, fresh fragrance and is guaranteed to brighten clothes. “Messy play is an integral part of children’s early childhood development. It allows kids’ imaginations to soar while helping to shape and mold social, creative, and critical thinking skills. We therefore, appeal to parents to let kids be kids, allow them to play and…
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