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…
Vandalism of electricity infrastructure in Western Uganda has hit alarming levels with vandals stealing over 133 km of cable in just 12 months and causing unprecedented disruption of electricity supply. The theft, according to experts in the region now stands at 72% followed by East and Northern Uganda. Briefing security experts in Mbarara on the emerging worrying trend in the sector, Umeme’s Managing Director Selestino Babungi said in 2021 alone, the sector lost over UGX26 billion in stolen copper wires, vandalised transformers and poles amongst others. “I am requesting for your support, the security apparatus, which you have actually always…
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As the world becomes more connected and global it is offering more opportunities to those who are swift enough to take up the opportunities there are. TMS Ruge is one of the people who have in the past decade poured out their body and soul into investing in an international brand. Ugandan made products are fast penetrating the global market; the lastest being TMS Ruge’s Qwezi Beauty Products. “@QweziBeauty, is now available for delivery in North America. If you love all natural products and the power of moringa oil, head on over to http://qwezibeauty.com for order and delivery,” TMS Ruge…
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CFAO Motors Uganda, formerly Toyota Uganda, has signed a memorandum of understanding with NCBA Bank to provide vehicle asset financing to individuals, companies, and existing customers of CFAO Motors with the objective of doing away with the hurdle of the high initial outlay towards the acquisition of a brand-new car. Through the attractive asset-financing package, customers will receive flexible up to 95% asset financing from NCBA Bank, with up to 6 years repayment period and 60 days payment holiday. Customers will also enjoy a 72-hour response time to their financing applications. This is the best financing solution in the market…
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Prudential Uganda and partners are set to launch the Prudential Best HR Practices Survey report and recognise organisations with outstanding HR practices. This follows a three-month survey conducted by PwC on the same, between October and December, last year. The Prudential Best HR Practices survey was commissioned by Prudential Assurance Uganda in partnership with Uganda Investment Authority, Private Sector Foundation Uganda, Federation of Uganda Employers, Human Capital International and Brighter Monday. The survey is designed to record the viewpoint of employees regarding their organisation’s HR practices. Employees were invited to comment, rate, and assess their employers’ HR practices and policies…
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Minutes after legally slaying Bank of Uganda, for the nth time, but this time for good, Dr. Sudhir Ruparelia, has hit at certain officials of the central bank for stealing his bank, unnecessarily dragging him to court and prolonging the case for selfish gains. “These people stole my bank. They shared the legal fees in Bank of Uganda,” a bullish Dr. Sudhir charged. “In my opinion- the legal department of the Central Bank has become so corrupt, that they prolong these cases so that when they pay their lawyers the high fees, they share the fees. And that is why…
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A new real estate sector report compiled by Stanbic Properties Uganda Limited (SPL), a subsidiary of Stanbic Uganda Holdings Limited, indicates that average occupancy from surveyed buildings was recorded at 89% for Grade A, 83% for Grade B and 74% for Grade C buildings. The report, compiled as at the end of December last year, says that the prevailing median rents were recorded at US$15, US$11 and US$8/m² /month for Grade A, B and C buildings respectively exclusive of service charge. Released on February 9, 2022 at a press conference held in Kampala, the report says, market evidence indicated more…
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SEACOM, the pan-African telecommunications service provider, today announced it will acquire selected infrastructure assets from Africell in Uganda. The acquisition marks a significant step for SEACOM and is a testament to the company’s commitment to providing, competitive end-to-end connectivity and ICT solutions across the region.“East Africa has been an important market for SEACOM ever since we first arrived on the shores of Mombasa in 2009,” explained Tejpal Bedi, Managing Director and Regional Head of Sales for SEACOM ENEA. “By officially establishing ourselves in Uganda through proprietary facilities and resources, we are prioritising widespread connectivity and opening up opportunities to work…
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The Board of Directors of WPP Scangroup Plc has appointed Patricia Ithau as Chief Executive Officer and Executive Director. Announcing the development, Richard Omwela, Chairman WPP Scangroup Plc said that Patricia assumes office on Monday, 14 March 2022. Patricia is a highly accomplished business and marketing leader who brings more than 25 years of experience in senior leadership roles overseeing the expansion of major consumer brands in Eastern Africa at companies including Unilever, Diageo/East African Breweries Ltd and L’Oreal. She holds a number of board positions at organisations such as ABSA Bank Kenya PLC. Trade Mark East Africa Ltd, Jambojet…
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Coca-Cola Beverages Africa in Uganda has appointed Deborah “Debbie” Komugisha Kakande as Human Resources Manager while Mary Nassali is Strategy & Performance Director for Central Africa Region (Uganda, Tanzania and Ghana), based in Uganda. Kakande is a skilled Human Resources professional with over fourteen (14) years’ experience. She joins from Housing Finance Bank, where she worked for the past six years as the Manager of the Human Resources Development. During this time, she gained vast experience leading culture change processes, developing and implementing talent management frameworks and developing business partnering models to support achievement of the Bank’s business goals. Prior…
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KCB Bank Uganda has unveiled three new digital products that will revolutionize banking for its customers. The three digital products include; The Online Account Opening service that can be found on ug.kcbgroup.comKaycee – The friendly Chatbot that will support real-time interactive conversations.In addition, KCB Bank will be rolling out ATM recyclers that accept cash deposits and withdraws conveniently. Speaking at the launch, Edgar Byamah, Managing Director KCB Bank Uganda said, “With the constant rise and improvement in technology, different sectors have upgraded their services with the adoption of new technologies that are tailored towards offering their customers improved services in…
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