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…
Female candidate once again performed better compared to their male counterparts in the March 2022 examinations taking 53.7% as compared to the 46.3%. In addition, out of the 21 top candidates, 11 were female. The Chairperson of the Public Accountants Examinations Board (PAEB) CPA Geoffrey Byamugisha made the revelation at the release of the examinations event organized by the Institute of Certified Public Accountants of Uganda (ICPAU) at Skyz Hotel, Naguru on Friday, 1 April 2022. “The March Examinations were held in Kampala for CPA students only. Whereas 3,081 students registered to sit these examinations, 2,890 turned up representing 93.8…
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I&M Group PLC has delivered consistent growth in its 2021 financial results having reported a 3% growth in Profit after tax to KShs 8.6 billion compared to KShs 8.4 billion in the same period in 2020. The performance was driven mainly by growth in customer deposits and loans as well as continued investment in the digital banking infrastructure. This has positioned the Group to achieve its steady growth trajectory. Worth noting is that the Group has withstood the challenging operating environment and has continued to provide enhanced shareholder value as well as consistently paying dividends to shareholders amidst the two-year…
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As the planned expansion of JESA Farm Dairy nears completion, the company has assured the market that it is doing everything possible to limit the disruption on production which according to experts, is normal when executing such large-scale capacity expansion projects. When completed, the project is expected to increase production capacity across the company’s range of products, cementing the dairy processor’s position as a leading player in the Ugandan dairy industry The assurances come in the wake of concerns over supply of milk following the delay of the rainy season and a sharp spike in consumption occasioned by opening of…
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The business community in Kampala has welcomed a new product innovation by Stanbic Bank Uganda which allows schools to get full insurance cover against calamities such as fire and other natural disasters. The Stanbic School Comprehensive Insurance (SCI) is an insurance policy that protects school administrations from a range of risks including property damage by fires, accidental injuries to students and theft of their personal effects. Other risks covered by the SCI scheme include material damage to school property, burglary of school property, student accident cover, public liability insurance and optional Life/Educational Benefit. Speaking at the product unveiling today, Mike…
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Damali Ssali has been appointed the new Chief Programmes Officer at Private Sector Foundation Uganda (PSFU). She will be reporting to the Chief Executive Officer. Ssali is in charge of the Programme Management Unit (PMU) which is responsible for the identification and design of new programmes and project, fundraising, program management and measurement and tracking of results and outcomes. Damali joins PSFU with a wealth of experience spanning over 20 years with over 15 years in senior management roles. She is an Afro-optimist with a natural interest in financial services, trade, business, innovation, and entrepreneurship. She is also Ugandan Ambassador…
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dfcu Limited, the company, and dfcu Bank have made appointments for three major positions. Dr. Winifred Mary Tarinyeba Kiryabwire has been appointed as the new Chairperson of dfcu Bank Limited, with effect from 01st April 2022. She replaces Jimmy Mugerwa, who moves to dfcu Limited, the holding company for the bank. Winifred is a lawyer with over 20 years’ experience and expertise in corporate law, corporate governance and financial sector regulation. She is a certified director with the Institute of Directors of UK and has wide experience in governance and oversight responsibilities in the public, private and not-for profit sectors…
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Allianz Africa has announced the new leadership for its operational entity in Uganda, Jubilee Allianz General Insurance Company Limited. Paul Kavuma will head the entity as the CEO effective April 04, 2022. Paul is a Director at the Organization of Eastern and Southern Africa Insurers (OESAI) and Uganda Re, Governing Council Member of the Uganda Chamber of Mines & Petroleum, and Governing Council Member of the Federation of Uganda Employers. “Deepak Pandey will stay with the company until April 30, 2022 after which he will take up a new role in the Jubilee Group, the minority shareholders of Jubilee Allianz…
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MTN Group Ltd., Africa’s largest phone company, is working with advisers at JPMorgan Chase & Co. on the planned separation of its financial technology business, people with knowledge of the matter said. The carrier said last month it aims to complete a carveout of the business by the end of the first half before seeking funds from outside investors later in the year. Last year, Nedbank Group Ltd. estimated the fintech arm could be worth about $6 billion. MTN is studying a variety of potential deals, including bringing in partners for some of its businesses as well as possibly listing certain units in the future, to unlock value…
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Andela, the global marketplace for remote technical talent, has announced the launch of its new platform, designed to create a more direct, personalized, and successful hiring experience for both talent and recruiters. The company, already known for its focus on high-quality global engineering talent from over 100 countries, has now expanded its offering to include designers, product managers, and data talent. To reflect this growth, Andela is also unveiling its new brand identity. These announcements come shortly after Andela closed a $200 million Series E, valuing the company at $1.5 billion. “Amazon, Apple, and Netflix have changed every aspect of…
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Tushop, a Kenyan social-commerce platform that enables communities in Nairobi to buy groceries more cheaply with free delivery, has secured $3M in a pre-seed funding round. The funding was led by 4DX Ventures and with participation from JAM Fund, Breyer Capital, Chandaria Capital, TO Ventures, Golden Palm Investments, FirstCheck Africa, and DFS Lab. Wasoko (formerly Sokowatch) also joined to make their first strategic institutional investment into Tushop, signalling confidence in the team’s ability to capture the community group-buying opportunity in Africa. The oversubscribed round included additional participation from a number of angel investors including GB (CEO, Flutterwave), Raja Kaul (President,…
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