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…
MOGAS Uganda Limited (MUL) has appointed Mercy Nasejje, previously the company’s Safety and Standards Manager as its new Managing Director. The appointment, according to an internal notice, by the MOGAS Group HR And Admin Supervisor Ndagire Mariam Walie, is effective 8th August 2022. “Mercy is succeeding Ronald Rugadya, who has taken on other responsibilities within the Group. Mercy Nasejje will be reporting to the MOGAS Group CEO,” reads the internal memo. Ronald Rugadya was on 22nd July 2022 appointed the Managing Director of MOGAS Tanzania Limited, effective 22nd August 2022. He succeeds Michael Nduhuukire who is to take on other…
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EFC Uganda, one of the fastest growing microfinance institutions in Uganda recently took Gold under the category of “Best Microfinance Institution” in Uganda. This was at the 4th edition of the Consumer Choice Awards 2022 ceremony thatwas held at the Golf course Hotel in Kampala on Friday the 29th of July 2022. The Consumer Choice Awards is an annual event aimed at recognizing business excellence by conducting comprehensive and objective independent market research surveys, to determine brand reputation, customer satisfaction and business excellence for the quality of services rendered to the populace. EFC Uganda has been in business for the…
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Bank of Uganda has issued Xente Tech Ltd, a financial technology platform that simplifies payments and finance for businesses, with a Payment Systems Operator (PSO) license. The development opens up more opportunities for Xente to provide better financial services to businesses in Uganda. “I am very happy to announce that we have acquired the Payment Systems Operator (PSO) license under the National Payment Systems Act issued by Bank of Uganda. We thank the Central Bank for their diligent support, tireless effort, adherence to process, and their ability to identify us as a suitable player in the Financial Technology space in…
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British American Tobacco Uganda Limited (BAT Uganda) has announced the unaudited financial results for the six months ended 30 June 2022 registering positive performance. Nicholas Ecimu – the Company Secretary revealed that the gross revenue increased by 12% to UGX50.7 billion while Excise Duty and Value Added Tax (VAT) increased by 10% to UGX25.6 billion, “largely driven by higher sales volume and an improved product mix.” Consequently, net revenue increased by 14% to UGX25 billion. “Total cost of operations increased by 16% to Ushs 19.6 billion, in line with higher sales volume and an inflationary increase in product costs driven…
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PostBank Uganda, a financial institution that is committed to empowering lives and transforming livelihoods, has launched its new smart ATMs in a bid to get more Ugandans financially included through digitization. With the smart ATMs, customers will now be able to deposit cash at the ATM with real-time credit to account, make card-less withdrawals and withdraw up to UGX3 million in a single transaction. In addition, a customer will instantly be issued a debit card upon opening an account. Speaking at the launch of the smart ATMs yesterday, Julius Kakeeto, the Managing Director/CEO, PostBank Uganda remarked that the replacement of…
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Absa Bank Uganda yesterday announced a donation worth UGX60 million to the Uganda Red Cross Society to cater for the purchase of shelter kits to provide temporary shelter and basic household essentials for families displaced by flash floods in Eastern Uganda. The donation is intended to strengthen the disaster response by providing essential relief supplies to affected people and families. While speaking to the Media this morning, the Absa Bank Managing Director expressed sympathies about the ongoing emergency and committed the bank’s resources to meet the needs of the most affected. “We believe this support will supplement the measures put…
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Isaac Tegule has been appointed new Marketing Manager at CFAO. He will be in charge of all Marketing & Communications of CFAO Motors Uganda Isaac is a seasoned marketing professional with over 11 years’ experience in Telecom, Oil & Gas, FMCG and Transport. He is an ardent practitioner of Integrated Marketing Communication with a key interest in strategy development, executions, brand communications and business growth. Prior to this appointment, Tegule was Manager Brand and Advertising at MTN Uganda from January 2017 to June 2022. He was before the Brand Manager from June 2014 to December 2016. Before that he served…
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Prompted by the on-going global financial effects that have propelled an increase in prices of commodities around the world, numerous companies including multi-nationals operating in Uganda are now revising various tactics to stay afloat in business. In response to above economic trend, DStv Uganda has increased its monthly subscription fees on all its bouquets. With effect from 1st September 2022, DSTV subscribers will start paying up to a 7% increment on most of Multi Choice television packages which include; DStv Access, Dstv family, Dstv Compact and Compact Plus among others. According to the South African-based digital satellite television provider, the price…
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Stephen Asiimwe, the CEO of Private Sector Foundation Uganda (PSFU), has commended Uganda Baati for bringing in the key innovations in the steel sector and taking the lead in advocating for quality products over the years, “you are market leaders in innovation, we are here to appreciate you and give our commitment to support you in areas of market access, policy advocacy and export promotion” he said Uganda Baati Ltd (UBL) today hosted the PSFU top management, led by Stephen Asiimwe, the Chief Executive Officer, Francis Kasirinya, the Chief Membership Officer, Damali Ssali, the Chief Programmes Officer and Ronny Mulongo…
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Housing Finance Bank last week sponsored a Breakfast Meeting at Serena Hotel, Kigo aimed at identifying untapped opportunities for the Ugandan economy to recover through foreign direct investment. Under the theme “Foreign Direct Investment in Uganda: An Untapped Opportunity for Economic Recovery”, the meeting was held in collaboration with the Parliamentary Forum on Labour, Decent Employment, and Productivity alongside the Bank of Uganda. “Today, we are discussing our potential and the opportunities that we can exploit. We know that from foreign direct investment, we can push our country for the next decade,” said Laban Musinguzi, the National Coordinator for Parliamentary…
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