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…
The Stanbic Purchasing Managers’ Index (PMI) rose to 53.9 in April from 51.9 in March on account of further improvement in private sector output and new orders as demand strengthened, helping generate new jobs. Readings above 50.0 indicate improvement in business conditions on the previous month while readings that are below 50.0 show deterioration—the Stanbic PMI covers the agriculture, industry, construction, wholesale & retail, and service sectors. Ronald Muyanja, Head of Trading at Stanbic Bank Uganda, said: improving customer numbers enabled companies to secure greater volumes of new business at the start of the second quarter, in turn feeding through…
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Doreen Nyiramugisha, the outgoing Head of Marketing and Communication at PostBank Uganda Ltd has crossed over to Housing Finance Bank as the new Head of Marketing and Communications, CEO East Africa has reliably learnt. In her new role, Doreen shall work alongside the Business to plan and develop new products and processes to deliver the bank’s customer value proposition. She will provide technical guidance on all matters relating to internal and external communications and stakeholder engagements. She has been instrumental in the institution’s transition to a tier one commercial bank. Through stellar Brand, Marketing Communications and CSI strategies, she has…
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Centenary Bank has made it to the highly coveted list of over 60 nominees for this year’s African Banker Awards. The African Banker magazine, (a continental business publication) has announced the shortlist of over 60 nominees for this year’s edition of the African Banker Awards, with Ugandan Centenary Rural Development Bank and Tugende Global nominated in the category of financial inclusion. The African Banker Awards are a landmark annual event for African banking and are part of the official programme of the African Development Bank (AfDB) Annual Meetings. The theme of the overall AfDB 57th Annual Meetings this year is “Achieving…
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Ian Rumanyika has been appointed as the new Head of External and Corporate Affairs at Uganda Baati Limited. Rumanyika joins Uganda Baati with over 12 years of experience in the communications industry. Rumanyika is an award-winning PR practitioner, ranked among the top PR and Marketing practitioners in Uganda, Top 40 Under 40 by Vision Group-2019, Top 100 Global PR influencers, number 23 by Commentric international. Rumanyika previously worked at Uganda Revenue Authority as Manager Public and Corporate Affairs where he served for approximately 11 years Rumanyika holds a Masters in Business Administration and a post graduate diploma in public relations…
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MTN Uganda Limited has in the first quarter of 2022 ended 31 march, recorded a steady progress despite challenging macro environment following a protracted lockdown due to COVID-19. Salient features: • Mobile subscribers increased by 8.5% to 15.9 million • Active data subscribers grew by 20.1% to 5.4 million • Active fintech subscribers increased by 14.9% to 9.5 million • Service revenue grew by 11.0% to UGX 536.3 billion • Data revenue grew by 45.0% to UGX 115.6 billion • Fintech revenue grew by 20.7% to UGX 144.8 billion • Earnings before interest, tax, depreciation, and amortization (EBITDA) grew by…
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Airtel Mobile Commerce Uganda Limited (AMCUL), the leading mobile financial solutions provider in the country, has today appointed Hon. Maria Kiwanuka as Board Chair. The appointment that was announced by Airtel Money Africa’s Group CEO Vimal Ambat, is part of changes that have also seen AMCUL’s CEO Aritho Kinyua Japheth and Big Drum Advisory Services’ Team Leader, John Muhaise Bikalemesa join the AMCUL Board. Maria Kiwanuka, an accomplished development and finance expert, was Uganda’s Minister of Finance, Planning and Economic Development between 2011 and 2015. In addition, she has over 15 years working experience at the World Bank as an…
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Sanlam, the largest non-banking financial services company in Africa, and Allianz, one of the world’s leading insurers and asset managers with a century of history in Africa, have agreed to combine their current and future operations across Africa to create the largest Pan-African non-banking financial services entity on the continent. This combination means that customers across Africa will benefit from the expertise and financial strength of two respected and well-known brands. The joint venture will house the business units of both Sanlam and Allianz in the African countries where one or both companies have a presence. Namibia will be included…
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As most banks in 2021 significantly slowed down and cut bank extension of the much-needed credit, Housing Finance Bank, stuck to its mandate of enabling homeownership and financial independence, growing its lending by 22.5% which in turn drove a record performance. According to the just-released 2021 financial results, the bank reported it extended UGX 674.3 billion in loans to especially key sectors that among others, include the real estate value chain, trade, agriculture, household and manufacturing. This is UGX123.7 billion more than the UGX 550.6 billion it lent out in 2020- an increase of 22.5% nearly 4 times the…
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State Minister for Environment and the Woman Member of Parliament for Manafwa District Goretti Kitutu has lauded Stanbic Bank Uganda for its financial and non-financial services package aimed at supporting women-led enterprises to sharpen their competitiveness in the marketplace. The Minister was Chief Guest at a financial literacy and access to finance training, attended by women in business at the Manafwa District Headquarters, on Saturday May 30. “I want to commend Stanbic Bank for not just focusing on big businesses but also finding time and creating financial support packages to support small businesses such as women-led enterprises—indeed, this is…
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The Central Bank of Nigeria (CBN) offered a final approval to Airtel Africa Plc, a subsidiary of Indian telecom giant Bharti Airtel to operate mobile money services in the country. Nigeria is Airtel’s biggest market on the continent and 40% of group revenue comes from the West African nation. The firm which has been operating on a provisional authorisation had applied for a Payment Service Bank (PSB) licence through SMARTCASH Payment Service Bank Limited. Airtel Africa sells its shares on the Nigerian Exchange (NGX) Limited. Having secured all the requirements, the banking industry regulator in Nigeria has now given the…
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