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…
Businessman, Patrick Bitature, the CEO and Founder of the Simba Group of Companies, has spoken out about the ongoing commercial dispute between some of the Group Companies and a South African mezzanine financier, saying the issues are being addressed appropriately and that the mentioned companies remain open for business. This is the first direct statement by the billionaire businessman, since a public-auction advert appeared in one of the dailies, purporting to put properties belonging to some Simba Group subsidiaries up for sale, upon instructions by a one, Kirunda & Wasige Advocates. Apparently, the law firm was acting on behalf of…
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Stanbic Bank has today made a contribution of UGX150m to Makerere University as the institution marks 100 years of service to humanity. The UGX 150m cash donation is expected to boost activities lined up by the university ahead of the official “Makerere At 100” October celebrations. The activities include public lectures, conferences, and MAK run among others. Speaking at the handover event, Makerere University Vice-Chancellor Prof. Barnabas Nawangwe, applauded Stanbic Bank for its consistent partnership with the university which has helped it to move to new heights. He pointed out the recently launched Laptop loan Scheme designed for Makerere Students…
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As part of its sustainable Corporate Social responsibility interventions, Uganda Baati Limited (UBL) today joined the rest of the world to put emphasis on the mission to end HIV as a public health threat by 2030. In partnership with Uganda AIDS Commission, the UBL staff led by the Business Head, George Arodi, joined hands to commemorate the International Candle Light Day by symbolically lighting candles and launched a two-week long medical camp through its Chandaria Medical Clinic that will offer free medical services to the public, that include HIV testing and counselling, Malaria testing, blood sugar/blood pressure testing, BMI (all…
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Arapta takes over from Mathias Katamba, the Managing Director of dfcu Bank, whose two-year term (2020 and 2021) has elapsed. Arapta has been Katamba’s deputy on the outgoing committee which also included Mr. Varghese Thambi, the Chief Executive Officer of Diamond Trust Bank as the treasurer as well as Sam Ntulume the Executive Director, of I&M Bank Uganda as the Auditor. Mr Albert Saltson the CEO Emeritus of Standard Chartered Bank and Ms. Veronicah Gladys Namagembe, CEO of Pride Microfinance, have been Committee Members. The new Arapta Committee has Julius Kakeeto, CEO, of Post Bank Uganda, as the Vice-Chair, while…
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Businessman, tech guru and media mogul, Kin Kariisa has ended his 10 years on the board of Ecobank Uganda, a subsidiary of Ecobank Transnational Incorporated (ETI), one of Africa’s largest financial brands, leaving behind a well-entrenched bank, with great growth prospects. Kariisa who joined the bank’s board, in 2012, rising to become Chairman in 2019, was on Thursday, 12th May, together with Mrs Gertrude Lutaaya, another board member for 10 years, hosted by the bank, to a powerful farewell dinner at the Sheraton Kampala Hotel, in honour of their commitment service. The dinner, which was hosted by Grace Muliisa, the…
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Equity Group and the International Finance Corporation (IFC) have signed a partnership agreement in support of the sustainable development of Africa through supporting micro, small and medium sized businesses (MSMEs) from all sectors of the economy including climate-smart businesses. The partnership has seen IFC and its partners including the Dutch Development Bank (FMO), British International Investment (BII) and Symbiotics, ResponsAbIility from Switzerland commit US$165 million (approx. Kes 19 billion) towards Equity’s `Africa Recovery and Resilience Plan’ that will see the Group, through its regional banking subsidiaries, finance at least 5 million MSMEs and 25 million households therefore creating 50 million…
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Vision Group has announced a Media Partnership with Makerere University worth UGX300 million. The partnership, which covers the entirety of the 100year celebration will include full-page print adverts, strip adverts, monthly guest appearances, live streaming sessions of the centennial celebrations, promotional jingles, monthly college special supplements and feature stories to be carried across Vision Group’s media platforms. Since its humble beginning in 1922, Makerere University has been able to transform communities and societies through its wealth of human capital, numerous research outcomes and technological innovations that have served Africa and the world in general. Speaking at the signing ceremony, Prof….
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Makerere University has announced a partnership worth UGX200m with NBS Television Limited where NBS will offer live coverage, documentaries, news features, talk shows and digital media coverage. The commitment will go towards supporting the university’s year-long anniversary celebrations, which were launched in November 2021 during a stakeholder mobilization event organized by Makerere. The University has planned activities which include Public lecture series, a centenary conference, the Centenary run, Homecoming Dinner to mention but a few. Opening its doors to 14-day students in 1922, Makerere University has grown to become one of the most prestigious learning institutions in Africa. NBS Television…
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Years Active: November 2018 – to date Key Achievements: In the three years of Mugabi’s leadership, Housing Finance Bank has experienced double-digit and often above-industry growth rates cementing its place among Uganda’s 10 largest banks- by customer deposits, lending, total income, profitability, and balance sheet size. Some of the notable milestones, include, leading the bank from the 13th position to the 10th largest by deposits, an important facet on which all his other milestones sit. In 2020, he also led the bank to cross over into the Trillionaire’s Club, CEO East Africa Magazine’s unofficial official club of banks with over…
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Prof John B Kaneene from the Michigan State University, after concluding his assessment on the new Dei Pharmaceuticals plant in Matugga, Wakiso District, has said manufacturing drugs within Uganda will solve the problem of fake drugs in the country. Prof Kaneene made the remarks while inspecting a multi-billion facility which will begin making drugs in the country under the leadership of Dr Mathias Magoola with its first phase of construction already finished. “This plant meets international standards, at least the first bits that I have seen. This will solve the problem of fake drugs on the market and that is…
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