Company News

Everything you need to know about Aquafina, Crown Beverages’ latest bottled drinking water brand and why the competition should keep a close eye

The CEO Magazine TeamCompany NewsThe Big StoryDecember 21, 2022December 21, 2022

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…

Finance Trust Bank unveils new corporate head offices as it marks 38 years of existence

Muhereza KyamuteteraCompany NewsDecember 17, 2022December 17, 2022

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…

PRODUCTS OF THE WEEK: CFAO Motors’ Toyota Belta and Toyota Rumion 

The CEO Magazine TeamCompany NewsDecember 17, 2022December 17, 2022

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…

Pearl Nimusiima joins Coca-Cola Beverages Uganda as Public Affairs and Communications Manager

CEO ReporterCompany NewsDecember 16, 2022December 16, 2022

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…

Fintech firm, ioTec Limited issued two licenses by the Central Bank of Uganda to operate and provide payment systems

CEO ReporterBanking & Financial ServicesCompany NewsDecember 15, 2022December 15, 2022

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…

IT and cybersecurity experts poke holes into Airtel Money’s security system; saying it is static, inadequate and still vulnerable to hackers and fraudsters

The CEO Magazine TeamCompany NewsNews & AnalysisDecember 14, 2022May 4, 2023

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Commerce Uganda Limited (AMCUL) the mobile money and digital payments arm of Airtel Africa Plc needs to overhaul its outdated mobile money system to a more dynamic and…

How the Airtel Money fraud happened: Chief Executive Officer speaks out on the brazen hack

Muhereza KyamuteteraBusiness & MarketsCompany NewsThe Big StoryDecember 14, 2022May 4, 2023

After the 27th October 2022, digital fraud incident in which a number of banks lost several billions of shillings from their Airtel Money Wallets (OVAs) held at Airtel Mobile Commerce…

Billionaire, Amos Nzeyi hosts peers and industry captains to an exclusive Johnnie Walker Blue Club event 

CEO ReporterCompany NewsLifestyleThe Executive TravelerDecember 12, 2022December 12, 2022

On Friday, 9 December 2022, celebrated businessman Amos Nzeyi hosted peers and industry captains to an exclusive Johnnie Walker Blue Club event held at his new residence in Kigo, on…

Guinness, Johnnie Walker take top honours at the Uganda Marketing Excellence Awards

CEO ReporterCompany NewsNews & AnalysisDecember 8, 2022December 8, 2022

Last week was one for the books, as corporates, professionals and marketing practitioners gathered for the second edition of the Uganda Marketing Excellence Awards (UMEAs) at the Kampala Serena Hotel….

Kenneth Kisambira appointed UBA Uganda Executive Director 

Muhereza KyamuteteraCompany NewsDecember 6, 2022December 13, 2022

Kenneth Kisambira, previously the Head, of Corporate & Commercial Banking at United Bank for Africa (UBA) Uganda, has been promoted to Executive Director- Business. He also joins the Bank board….