Company News

Nile Breweries donates UGX2.2 billion to protecting Mbarara’s River Rwizi and the livelihoods of 2.5 million people

Muhereza KyamuteteraCompany NewsNews & AnalysisMarch 31, 2022March 31, 2022

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…

RESILIENT: Stanbic Uganda Holdings defies tough times; 2021 profits rise 11% to a record UGX269 billion  

Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryWomen In LeadershipMarch 31, 2022March 31, 2022

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…

Absa Group Appoints Arrie Rautenbach as Chief Executive Officer

CEO ReporterCompany NewsNews & AnalysisMarch 29, 2022March 29, 2022

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,…

CSR: Standard Chartered Bank renovates classroom block for Salaama School for the blind, plants over 300 trees

CEO ReporterCompany NewsNews & AnalysisMarch 29, 2022March 29, 2022

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…

Every Mother Counts: Stanbic Bank Contributes UGX30m Mama Kits To Kawempe Hospital

CEO ReporterCompany NewsNews & AnalysisMarch 28, 2022March 28, 2022

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…

Ecobank’s leadership in Treasury and Cash Management across Africa recognised at Global Finance Awards

CEO ReporterCompany NewsNews & AnalysisMarch 25, 2022March 25, 2022

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…

SUPPORTING TALENT: Ruparelia Foundation Aids Little Miss Africa Tyra With Over 5m To Participate in Miss United World Beauty Pageant Competitions in Dubai

CEO ReporterCompany NewsNews & AnalysisMarch 25, 2022March 25, 2022

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…

RECORD PERFORMANCE: Equity Group announces 99% growth in Profit After Tax, 29% growth in balance sheet & 29% growth in deposits for 2021

CEO ReporterCompany NewsNews & AnalysisMarch 24, 2022March 24, 2022

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%…

Micheal Bulyerali appointed Manager Digital Communication at Centenary Bank

CEO ReporterCompany NewsNews & AnalysisMarch 24, 2022March 24, 2022

Centenary Bank has appointed Micheal Bulyerali as the Manager Digital Communication, a fundamental arm in the bank’s marketing and communications division. He brings to his new role a wealth knowledge…

Carrefour Stores to sell Cage-Free Eggs Under New Animal Welfare Policy

CEO ReporterCompany NewsNews & AnalysisMarch 23, 2022March 23, 2022

Majid Al Futtaim has committed to only sell cage-free eggs across its Carrefour franchise in the region under a newly signed animal welfare policy. The Company is working toward a…