Company News

Bank of Uganda issues Xente Tech with Central Bank Payment Systems Operator license

CEO East Africa MagazineCompany NewsNews & AnalysisAugust 9, 2022August 9, 2022

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…

Half-Year Financial Results: BAT Uganda records 12% gross revenue increment

Nelson NambooleCompany NewsNews & AnalysisAugust 6, 2022August 6, 2022

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…

PostBank launches 60 smart ATMs to drive financial inclusion

CEO ReporterCompany NewsNews & AnalysisAugust 5, 2022August 7, 2022

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…

Absa Bank donates UGX60m towards disaster response capacities for families affected by floods in Eastern Uganda

CEO ReporterCompany NewsNews & AnalysisAugust 5, 2022August 5, 2022

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…

Isaac Tegule appointed Marketing Manager at CFAO Motors Uganda

CEO East Africa MagazineCompany NewsNews & AnalysisAugust 4, 2022August 5, 2022

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…

DSTV Uganda increases monthly subscription fees on all its pay TV packages

CEO East Africa MagazineCompany NewsNews & AnalysisAugust 4, 2022August 4, 2022

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…

PSFU lauds Uganda Baati for leading by example through innovation

CEO East Africa MagazineCompany NewsNews & AnalysisAugust 1, 2022August 1, 2022

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…

Identifying untapped opportunities: Housing Finance Bank, BoU host meeting on foreign direct investment in Uganda

Nelson NambooleCompany NewsNews & AnalysisAugust 1, 2022August 1, 2022

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…

Safaricom PLC appoints John Ngumi as Chairman Board of Directors

CEO East Africa MagazineCompany NewsNews & AnalysisJuly 30, 2022July 31, 2022

The Safaricom Plc Board has announced the appointment of investment banker John Ngumi as a director and Chairman of the Board with effect from 1st August 2022. The telco’s top…

Standard Chartered Bank reports record H1 Operating Profit in Africa and Middle East region

CEO ReporterCompany NewsNews & AnalysisJuly 29, 2022July 31, 2022

Standard Chartered PLC (the Group) has registered a record US$1.291 billion dollars income with US$581 million in operating profits in the Africa and Middle East (AME) region. This is contained…