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…
Have you been wondering what a social media hashtag #OneStepCloser that has been gaining popularity in recent weeks, is about? #OneStepCloser is Stanbic Bank Uganda’s new brand campaign aimed at rallying Ugandans to pursue their dreams and rebuild their businesses after the pandemic. In a statement to the press, Daniel Ogong, Stanbic Bank Uganda’s Head of Marketing and Customer Experience says the brand campaign is aimed at cheering Ugandans to believe and not to give up on their dreams—with Stanbic Bank as their partner. “Every story should be placed in context and ours as a country is very clear—we have…
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The Ministry of ICT & National Guidance has announced the innovators and Business Process Outsourcing (BPO) practitioners that will represent Uganda during the Innovation Week at the Expo 2020 Dubai. The Innovation week will run from the 22nd – 27th March 2022. Themed, “Discover Africa’s Innovation Powerhouse”, the Government will celebrate Ugandan excellence and industry by profiling Ugandan talent and inviting the world to discover the opportunities that abound in the Pearl of Africa. The campaign will also highlight how innovations by Ugandans are creating solutions to the various societal challenges. The main objectives of participating in the Expo are…
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KCB Foundation and the German Development Cooperation (GIZ) have partnered to increase the employability and income generation of 2,000 Ugandan youth in the construction sector. The UGX6 billion partnership from July 2021 until June 2023 will provide youth with technical and vocational skills training. The funds will also support the provision of construction toolkits to 440 youth, to enable them to start up business enterprises in the construction sector. This project is under the Employment and Skills for Development in Africa (E4D) programme commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ), co-funded by the Norwegian Agency…
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dfcu Bank has launched an unsecured salary loan campaign designed to respond to customers who may need a quick financial boost with a quick turnaround time for personal use. The campaign is set to run for 10 weeks (75 days), and customers can access up to UGX 250 million within 24 hours from applying, at an interest rate of 16.5% per annum. Customers can also transfer their existing loans from other banks to dfcu Bank at no cost to enjoy these benefits. Customers who take up new salary loans during this period also stand a chance to win up to Ugx 10 million…
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Nile Breweries Limited is Uganda’s largest beer brewer. To sustain, such a large operation, for its production and brewing activities, the company depends on high-quality crops, such as barley produced by farming communities across Uganda, many of whom are female. The company, according to Theunis Coetzee, the Agriculture Manager, Nile Breweries, uses up to up to 98% local material in beer production. Prior to 2018, barley output was unable to meet the manufacturing requirement of the business. That is why around 2008/2009 the company started a deliberate programme to improve barley farming albeit on a small scale, under Kapchorwa…
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Vivo Energy has announced a sponsorship of UGX250 million towards this year’s annual Shell V-Power Pearl of Africa Uganda Rally, slated for 6th to 8th May 2022. The Shell V-Power Pearl of Africa Rally Uganda is one of the main motorsport events in Uganda. It is part of the National Rally Championship and the FIA African Rally Championship. “Globally, Shell V-Power, the premium performance fuel is one of the greatest supporters of motorsport. Shell V-Power has been tested and proven to enhance performance on the racetrack and has existing partnerships with F1’s Scuderia Ferrari, BMW motorsport and the Moto GP…
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Prudential Uganda has won three awards; the Most Innovative Life Insurance Product, Most Innovative Insurance Agent and the Overall Judges’ Special Award in the second edition of the Insurance Innovation Awards organised by the Insurance Regulatory Authority of Uganda. Under the same category of Most Innovative Life Product Prudential came both first and third with its Telemedicine offering, an enhancement to Prudential’s Health Insurance. Held at the Kampala Serena Hotel, under the theme “Innovation amidst turbulence”, the awards seek to recognize exceptional innovation and inspire the insurance industry to evolve, innovate and better serve the insurance customer, according to the…
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Absa Group headline earnings more than doubled to R18.6 billion in 2021 (R8 billion in 2020), well in excess of 2019 earnings, as pre-provision profit increased and as the impairments charge reduced substantially. The improvement in part reflects a stronger than expected economic recovery in South Africa, where Absa generates most of its income. South Africa’s gross domestic product improved from a low base in 2020 and showed improving momentum for most of the year. All of the countries in which Absa has a presence look to have returned to positive economic growth during 2021. “This is a strong set…
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The London based Global Brands Magazine (GBM) has named Anne Juuko, the Chief Executive for Stanbic Bank Uganda as the ‘Best Woman CEO’ in Uganda’s Banking sector for the year 2021. Uganda has 27 commercial banks, four of which, including a development bank, are headed by women. In addition, Stanbic Bank won two other accolades including, Trusted Banking Brand, Africa 2021 and Best Banking Brand, Uganda 2021. Andrew Mashanda, the Chief Executive Officer for Stanbic Uganda Holdings Limited said: “By winning these top accolades, Stanbic Bank is sending a signal to the market that it is the best in terms…
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Ugandan financial markets have been ranked in the top spot in East Africa and the fifth on the African continent, according to the just-released 2021 Absa Africa Financial Markets Index. A collaboration between the Official Monetary and Financial Institutions Forum (OMFIF) and Absa Group Limited the index assesses the progress and potential of 23 African financial markets, across six key pillars, namely: market depth, access to foreign exchange, market transparency, the capacity of local investors, macroeconomic opportunity, and the legality and enforceability of standard financial markets master agreements. A higher index and or rank means that a country’s financial markets…
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