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…
Today, allow me to tell you why I believe Lemala Wildwaters Lodge is my all time favorite lodge in Africa and the recent contest in which it became the second most ‘instagrammable’ luxury lodge in the world by Luxury Travel Advisor website simply confirmed what some of us have always known. Wild Waters Lodge is one of a kind, meaning the experience, views and ambience you get here cannot be replicated anywhere else in the world. Talking of absolute exclusivity; it is perhaps the only island resort of its kind on River Nile in Uganda if not the entire universe…
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The Directors of Uganda Clays Ltd have announced the condensed financial statements for the year ended 31 December 2021 indicating a steep growth of revenue despite Covid-19 challenges. In an extract from the audited financial statements, the company managed to increase profits by 24% to UGX 36.7 billion compared to UCK UGX 29.7 billion in the year 2020, notably due to improved efficiencies in production and a change in the sales mode to the use of agents to reach more customers across the country. The statement signed by Eng Martin Kasekende, Board Chair and Reuben Tumwebaze, Managing Director reveals that…
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The Uganda Registration Services Bureau (URSB) collected a total of UGX45.87 Billion in non-tax revenue for the period July 2021 to April 7th 2022 against a target of 45.57Bn for the FY 21/22 representing a 100.6% achievement. This was revealed by URSB Registrar General Mercy K Kainobwisho while appearing before Parliament’s Legal and Parliamentary affairs committee on Thursday to discuss the agency’s Ministerial Policy Statement for Fiscal Year 2022/23. “Despite the effects of Covid 19 that slowed down the economy, we have managed to grow our NTR collections by 48% for the period July to March of Financial year 2021/22….
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Equity Bank Uganda and the Uganda National Oil Company (UNOC) have signed a Memorandum of Understanding, to facilitate and strengthen collaboration between the two entities in the areas of financing and enterprise development specifically for MSMEs, clean energy use and environmental conservation sectors. Also, financing will be supplied in support of farmers, education and training for young people and more affordable and accessible health systems for all. Speaking during the signing ceremony which took place at the Kampala Serena Hotel during the 8th Annual Oil and Gas Convention, Equity Group Holdings Plc Group Managing Director, and CEO Dr. James Mwangi,…
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In a bid to curb road accidents ahead of the Easter holiday, Vivo Energy Uganda has relaunched its award-winning road safety campaign, named ‘Tweddeko’ and donated a consignment of road signage worth over UGX 50 million to the Uganda Police Force. The road signage will be deployed at the highway checkpoints mounted by the Uganda Police to enhance motorist visibility and to support with enforcement of traffic regulations and safety rules. The donation is an initiative of the Tweddeko ‘Every Life Matters’ road safety campaign. “The forthcoming holiday season is characterized by increased road usage as people travel to celebrate…
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Standard Chartered Bank Uganda in partnership with Challenges Worldwide, a Kampala-based business development consultancy have launched the scale-up of the Youth to Work (Y2W) phase III programme worth UGX430 million. The hybrid event that had participants attend both physically and online, took place at Kampala Serena Hotel and was presided over by the State Minister for Labour, Employment and Industrial Relations – Charles Okello Engola. “Youth to Work” is the flagship employability project under Futuremakers by Standard Chartered Foundation. It is the Bank’s global initiative to tackle inequality and promote greater economic inclusion for young people in local communities through the…
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Absa Bank Uganda has announced a profit after tax of UGX110 billion for the year ended December 2021, representing a 169% growth in profitability from the previous year. “Despite a tough operating environment, economic recovery was faster than anticipated evidenced by the remarkably resilient performance and expansion of the economy by an estimated 5.3%. Private sector business growth was underpinned by a rebound in activity in agriculture, construction, and public administration. We registered a significant drop in impairment of 77.8% as a result of increased improvement in the construct of our loan book indicating a faster than anticipated recovery from…
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RUBiS Energy Uganda, formerly Kobil and Delta, has unveiled seven new Rubis branded service stations across Uganda in a bid to bring its products and services closer to more Ugandans. Olivier Gatera, the Country Manager, RUBiS Energy Uganda announced the newly revamped fuel stations that include; RUBiS Kawempe, Makerere, Bwebajja, Kasubi, Jinja Highway, Jinja Town, Buwenge and Seeta. “The launch of these new sites symbolizes our commitment to continue providing high quality and innovative products to Ugandans countrywide. When we launched last year, we promised to ensure that our highly advanced quality products and services reach to each corner of…
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PostBank, a financial institution committed to empowering lives and transforming livelihoods, yesterday launched the second phase of its Agricultural Forums in Soroti district. The aim is to equip farmers with knowledge and skills to jumpstart their agribusinesses. 85% of the farming community in Uganda are smallholder farmers according to the 2021 BMC report on Agriculture and Food Security. However, these farming communities have inadequate access to financial capacities to purchase and use the right inputs which limits productivity and production, have limited access to the market, and lack access to extension services. This year, PostBank is set to conduct forums…
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Dr Vincent Ogutu Vice-Chancellor Designate Strathmore University Dr Vincent Ogutu is the Vice-Chancellor Designate of Strathmore University. He self-identifies as a teacher and is a Lecturer in Organizational Behavior, Leadership, Social Entrepreneurship, and Innovation. He is passionate about inspiring students at all levels to realize their potential for personal growth and social impact. He has given a TEDx talk at IESE Business School, Barcelona urging people to commit to the cause that “has their name written on it.” He also uses television and social media as a platform to challenge people in the areas of leadership, entrepreneurship, creativity, talent development,…
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