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…
Sokowatch the African e-commerce company leveraging innovative technology to transform the informal retail supply chain, recently announced the close of a $125 million Series B equity round, the largest venture financing round ever raised for a non-fintech startup in Africa. Led by Tiger Global, the world’s largest venture capital firm, and Avenir Growth Capital, the round includes participation from a host of leading names including VNV Global, Binny Bansal (Co-Founder of Flipkart) and Sujeet Kumar (Co-Founder of Udaan), as well as existing investors Quona Capital, 4DX Ventures and JAM Fund. Alongside the new funding, Sokowatch also officially launched in Abidjan,…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Stanbic Bank has donated UGX 70million to the LéO Africa Institute towards supporting its Young Emerging Leaders Project (YELP), which fosters leadership skills by emphasizing empathy, clarity, knowledge volunteerism, and in their various professional backgrounds. Cathy Adengo, the Stanbic Bank Head of Sustainability, said during the event, “We live in a constantly changing world. This demands that we are constantly learning and rethinking our approach to innovation and leadership to drive the desired change in our economy and country. The program provides unique skills on true leadership that differentiate the fellows that have gained from this training. Equipping young people…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Nile Breweries, through its parent company AB InBev, has donated UGX2.2 billion (USD600,000) to conserve River Rwizi located in Mbarara. This will support the 3rd phase of a series of initiatives the beer maker has been funding in the region since 2019 to help ensure that the quantity and quality of water in River Rwizi’s catchment adequately supports the ecosystem functioning and socio-economic development of the area by 2024. In the first and second phases, Nile Breweries supported the project with UGX505 million and USD 200,000 (UGX720 million) respectively. This now brings to UGX3.4 billion, the total amount of money…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Stanbic Uganda Holdings Limited (SUHL) has announced it grew its net profits by 11% in 2021 to earn UGX269billion from Ush.242billion in 2020, driven by robust growth in non-interest income earned by mostly Stanbic Bank Uganda Limited, its anchor subsidiary. Other subsidiaries of SUHL include SBG Securities Uganda Limited, Stanbic Business Incubator, Stanbic Properties Limited, and FlyHub Uganda; however, these are new companies still in their formative stages to support the bank serve its customers beyond offering traditional financial services. Stanbic Bank is Uganda’s largest bank by assets, deposits, income, lending and the most profitable of the 25 active banks….
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Absa Group has announced the appointment of Arrie Rautenbach as Chief Executive Officer (CEO), effective immediately. The appointment follows a thorough recruitment and selection process completed by the Board. Arrie, who is currently Chief Executive of the Group’s retail and business banking (RBB) unit, is the first internally appointed CEO since 2006. He has more than 25 years’ banking experience, which includes serving as the Group’s Chief Risk Officer, simultaneously providing executive leadership for the Group Separation Programme and Group Strategy Office. His extensive experience in the banking sector, his in-depth knowledge of Absa through several executive roles over the…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Over 40 Standard Chartered Bank Staff volunteered to conduct a community initiative at the Salaama school for the blind in Mukono where they painted and renovated a classroom block and planted 300 fruit and indigenous trees as a way of preserving the environment and catering for the nutrition needs of the students over the long term. The bank employees were received by founder and school Headmaster, Francis Kinubi, who has led the school for the last 23 years accommodating 72 students who are visually impaired with various disabilities. The staff also took off time to socialize, play with and learn…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Stanbic Bank Uganda has made a donation of medical mama kits worth UGX30million to Kawempe Referral Hospital. The donation is part of the bank’s sustained ‘Every Mother Counts’ campaign aimed at saving the lives of Ugandan women through improved maternal health. While handing over the kits to the hospital administration, Anne Juuko, the Chief Executive of Stanbic Bank said, “the bank’s goal is to contribute to the new target of the Sustainable Development Goal three (SDG3) to accelerate the decline of maternal mortality by 2030.” The ‘Every Mother Counts’ campaign has been running for nearly two years, with Kawempe Referral…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Ecobank has won five prestigious awards at the Global Finance Treasury & Cash Management Awards 2022, including Africa’s Best Bank for Cash Management and Africa’s Best Provider of Short-Term Investments/Money Market Funds. In addition, Ecobank Cameroon, Ecobank Côte d’Ivoire and Ecobank Kenya were all named Best Treasury & Cash Management Banks 2022 in their respective countries.Ade Ayeyemi, CEO, Ecobank Group, said: “Global Finance’s recognition of the quality of our cash management and treasury products and solutions is a huge endorsement of our progress in driving borderless growth and financial integration across the continent.”Isaac Kamuta, Group Head Payments Service, Cash Management &…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Ruparelia Foundation has donated up to US$1500 to Mini Little Miss Africa Tyra Abok as she plans to travel to Dubai to represent Uganda in the Little Miss United World Beauty Pageant.Now preparing to showcase her talent on the world stage, Tyra Abok is no ordinary 11 year old! She’s the reigning Mini Little Miss Africa, and also the Little children Ambassador.She’s passionate about children’s rights, a cause she’s an advocate for. She often uses her social platforms to voice her thoughts on child abuse and other challenges children face.She’s a promising young talent who has made great strides in…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Equity Group has recorded superior performance for the year ended 31st December 2021 despite the challenging operating environment characterised by a global COVID-19 pandemic. Profit After Tax increased by 99% to Kshs 40.1 billion from Kshs 20.1 billion with Profit Before Tax recording a growth of 134% to Kshs 51.9 billion up from Kshs 22.2 billion the previous year. The Group has recommended a record dividend pay-out of Kshs 3 per share totalling Kshs 11.3 billion which is a 50% jump from previous dividend pay-out after earnings per share grew by 98% to Kshs 10.40 up from Kshs 5.20 the…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
