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…
Veracity Worldwide, a leading business intelligence and strategic advisory firm, has appointed Jimmy D. Mugerwa as their new regional advisor operating in the East African energy sector. Mugerwa is Uganda Breweries Limited Non-Executive Director since June 2018. He is also the chairman, Board of Directors, dfcu Bank. He is one of the most experienced business leaders in oil and gas with a senior leadership career spanning nearly three decades in the energy sector of Africa and Europe. He has gained extensive experience across the oil and gas value chain during that time. Most prominently, he helped in the exploration and…
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Absa Bank Uganda Limited yesterday announced a commitment worth UGX 65million towards Makerere University’s centenary celebrations. 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. Opening its doors to 14 day students in 1922, Makerere University has grown to become one of the most prestigious learning institutions in Africa. In his remarks, Makerere University Vice-Chancellor Professor Barnabas Nawangwe lauded Absa Bank for its support, noting that the company’s dedication to supporting education and skills development of youth in Uganda was of mutual interest to…
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Absa Bank Uganda and Prudential Uganda have today launched the Absa Family Protection Plan, a life insurance policy, designed to help families plan for the financial needs faced during the loss of a loved one who is either a member or immediate member of a family. The policy caters to funeral expenses and other paybacks to help families navigate the unexpected hardships that arise during times of loss and grief. The cover is available to customers in three attractive packages of UGX 5,000, UGX, 10,000 and UGX 20,000 per month. Speaking to the media, Michael Segwaya, Absa Bank Uganda’s Executive…
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Standard Bank Group has appointed Nonkululeko Nyembezi as the Board Chairperson-designate. She will also double as Chairperson Standard Bank of South Africa. “This is a profound and historic strategic moment – at once a proud celebration of unquestionable excellence and a moment of restorative justice,” said Chief Executive of the Standard Bank Group Sim Tshabalala. Nyembezi is a South African business executive who has been active in steel, telecommunications and finance. Her experience includes being both a board chairman and a member of board committees, with core expertise in strategy, planning, execution, governance and corporate stewardship. It is hugely significant…
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Prudential has appointed Tetteh Ayitevie new Chief Executive Officer (CEO) for Uganda. Tetteh Ayitevie, who has been the Chief Strategy Officer at Prudential Life Insurance Ghana (PLIG), takes over from Achumile Majija, who has been Prudential Uganda CEO designate and now joins Prudential’s West and Southern Africa Region as Chief Executive: Strategic Initiatives and Market Expansion. Majija has been with Prudential since January 2011. He is an experienced Business Executive with a demonstrated history of working in financial services (asset management and insurance) across various markets, having lived and worked in the United Kingdom, Poland, Ghana, Francophone Africa. Ayitevie has…
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Shakira Shamim Mujuni has been appointed the new Chief Executive Officer of CIC General Insurance Uganda. Shakira joins CIC with over 10 years of experience in the insurance industry. She is self-driven, assertive, and technically grounded in the insurance business with a special knack for customer excellence. Shakira previously worked at Sanlam General Insurance Uganda as Deputy General Manager Commercial Business where she left a track record of peak performance, contributing significantly towards the company’s success. Before this she held a position of underwriting Manager. She also worked for Lion assurance as Underwriting Manager and Britam Insurance as Underwriting Supervisor….
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Godfrey Muhindo has been appointed Chief Commercial Officer for MTN Mobile Money Uganda Ltd. Reporting to the Managing Director, he will be responsible for Corporate Sales, Mobile Money Distribution, Mono Pay Sales and Agent Servicing. Previously, Muhindo was Current Head of Merchant Portfolio at Airtel Mobile Commerce Uganda Ltd where he was in charge of driving the OTC- (Over the Counter) payments service strategy for Airtel Money.Godfrey is a financial services management specialist, deeply experienced in dealing with Corporate, Retail and Consumer Clients with a bias in Financial Technology and business development. He served at three commercial banks including; Barclays…
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The banking sector regulator, Bank of Uganda (BoU) has awarded Centenary Bank with an accolade for the best agricultural finance partner following the bank’s excellent role in promoting farming activities within the country. The declaration was made during the inaugural annual agriculture sector awards event, by Bank of Uganda’s Executive Director for finance. The award was handed over by Kyakulaga Bwiino, state Minister for agriculture who also doubles as the Patron of the awards ceremony. “ I am honored to hand over this maiden grand award of agriculture financer of the year award to Centenary Bank and implore you to…
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MTN Uganda has pledged to support Makerere University’s centenary celebrations through a sponsorship worth UGX180million. The sponsorship by MTN will be dedicated towards supporting the events organized by Makerere University in celebration of 100 years of its existence which include an exhibition showcasing the journey of Makerere at 100. The exhibition which is scheduled to take place from 27th September to 10th October, 2022 at the Freedom Square, Makerere University will be held under the theme: “A Century of Service to Humanity.” Speaking during the announcement ceremony held at MTN Headquarters on May 4, Somdev Sen, the MTN Uganda Chief…
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Nile Breweries Limited(NBL) has launched an entrepreneurship promotion program, dubbed 100+ Accelerator Cohort 2022, to promote startups that have embedded sustainable development strategies in their operations. The program, an initiative of NBL’s parent company AB InBev, will provide funding of up to US$ 100,000 to each winning applicant whose business is designed to create a more sustainable environment, in line with the company’s Dream to create a future with more cheers, said NBL Legal and Corporate Affairs Director, Onapito Ekomoloit during the press briefing at the company headquarters in Luzira, Kampala today. “First launched in 2018, the 100+ Accelerator works…
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