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…
SEACOM, the pan-African telecommunications service provider, has today unveiled its regional expansion strategy for the Ugandan and East African markets at a special networking breakfast event in Kampala, Uganda. The event was attended by a cross-section of clients, business partners, staff, representatives of key government ministries and parastatals in Uganda, and SEACOM executives from Uganda, East Africa, and the Group Office. Unveiling the regional expansion strategy was Oliver Fortuin – SEACOM Group CEO – flanked by Tejpal Bedi – SEACOM MD for East Africa, Dennis Okiror and Rodney Mujuzi both Key Account Managers at SEACOM Uganda. The regional expansion strategy…
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CFAO Motors Uganda, formerly Toyota Uganda, has today unveiled two solar installations at their branches in Namanve and Kampala as part of CFAO Group’s carbon neutral initiatives. The plants are synchronized to work seamlessly with the main power supply (national grid). The two solar plants have the capacity to power approximately 2,200 households and will contribute in the reduction of 300 tons of carbon emissions during the 25-year useful time period. Currently CFAO’s carbon emissions stand at approximately 230 ton per year. The company will enjoy over 30% reduction in its annual energy bills. Speaking at the launch, CFAO Group…
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Sanlam Uganda has announced a partnership with World Vision, a global not-for-profit organisation through which it will invest at least Ushs670 million towards the reconstruction of schools in Northern Uganda. This is an effort to resuscitate the education sector and further enhance the quality of learning in the northern region. At a press briefing to announce the partnership and investment, the CEO of Sanlam General Insurance Uganda, Gary Corbit, said the announcement was part of the Sanlam Uganda Inspire Initiative, the business’s umbrella corporate social investment arm. The project is dubbed “Sanlam Blue Ladder Schools Programme”, a Sanlam Groupwide initiative…
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MTN Foundation, in partnership with Smart Girls Foundation, has embarked on constructing skilling facility with the capacity to train 400 girls annually in vocational programs. The facility, to be housed at the Smart Girls Foundation offices in Kampala, will specialize in vocational and business upskilling, inclusive of courses like electricity installation, house painting, tailoring, carpentry, welding, catering, among others. Speaking during the ground-breaking ceremony held in Kampala yesterday, MTN Uganda General Manager for Customer Experience, Dorcas Muhwezi said the project is envisaged to give birth to 40 new women-led businesses in the country. “The objective of the project is to…
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Ecobank, the leading pan-African bank, on Monday March 7th, 2022, announced the launch of a revamped Ellevate program focused on giving women-owned businesses; businesses with a high percentage of female employees or board members or businesses making products for women, access to a variety of specialty tools and resources needed to thrive and prosper. The Ellevate Programme is a membership offering that provides a specialist suite of services designed to reduce barriers faced by women in business, through a three-tier approach, namely, smarter cash management and collections, favourable lending rates as well as empowerment through leadership training, support and development….
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Ugandans who have utilized the power of technology to positively impact their communities over the years deserve to be honoured for their great work and efforts. It is in recognition of this need that today, Airtel Uganda, The Smartphone Network with the widest 4G coverage in Uganda, has launched Uganda Needs More of You, a campaign that seeks to showcase, celebrate and recognise these outstanding Ugandans. The campaign was launched today, 7th March 2022, by Airtel Uganda Managing Director, Manoj Murali at the Kampala Serena Hotel. Uganda Needs More of You, will require participants to share stories of how they…
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Uganda’s National Social Security Fund (NSSF), MTN Uganda’s second-largest shareholder has welcomed the just-released 2021 MTN Uganda results as impressive and said that the declared dividend is timely. In an online interview with CEO East Africa Magazine, Richard Byarugaba, the Managing Director of NSSF said: “Impressive subscriber growth (mobile subscribers – 10.7% to 15.7M), and double-digit growth in key segments (data and mobile money) coupled with operational efficiencies contributed towards a 14% growth in operating earnings. The dividend declared and due for approval and payment is a plus for investors given the challenging times.” With 8.84% shares, NSSF is MTN…
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Uganda’s telecommunications giant, MTN Uganda Limited has announced its annual results for the financial year ended 31 December 2021- posting some impressive numbers, considering the tough operating environment, dampened by the pandemic. In the results released today, the telco that went public last year, shedding off some 12.95% and raising a record UGX535 billion. In the results released today―MTN’s first full-year results, since it got listed on the exchange, the company reported that total revenue grew by 10% from UGX1.878 trillion in 2020 to UGX2.060 trillion in 2021. This was on the back of a 9.4% growth in service revenue-…
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Rocket Health, a telemedicine and last-mile healthcare provider headquartered in Uganda, has announced this morning, that it has closed a USD5 million Series A funding round led by Creadev, an evergreen investment fund backed by the Mulliez Family of French entrepreneurs. Creadev is joined by existing early-stage African investors Grenfell Holdings and LoftyInc Capital Management who participated in the round. This investment will allow Rocket Health to accelerate its technology roadmap and geographical expansion to the different regions of Uganda and into Kenya in order to make healthcare more convenient, accessible, and delivered to patients wherever they are. “Rocket Health…
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Airtel Uganda has been awarded as Uganda’s fastest mobile network at the Mobile World Congress in Barcelona, Spain. The speed tests were carried out in Uganda in the months of October – December 2021. This coveted position was revealed during the congress by Ookla, the global independent leader in mobile and broadband network intelligence, testing applications and related technologies, on March 2nd, 2022. “We are delighted to have received this vote of confidence from independent monitors like Ookla. It demonstrates that the investments we are making in our countrywide 4G network is delivering better experiences for our customers and the…
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