Company News

UGX6 billion partnership between KCB Foundation and German Development Cooperation to skill youth in the construction sector

CEO ReporterCompany NewsNews & AnalysisMarch 17, 2022March 17, 2022

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…

dfcu Bank launches unsecured personal lending campaign; to lend up to UGX250 million in 24 hours to qualifying customers

Muhereza KyamuteteraCompany NewsNews & AnalysisMarch 16, 2022March 16, 2022

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…

DOING GOOD IS GOOD BUSINESS: How Nile Breweries is financially empowering women farmers in Uganda while securing sustainable barley supply to feed growing demand

Muhereza KyamuteteraCompany NewsNews & AnalysisWomen In LeadershipMarch 16, 2022March 16, 2022

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…

Vivo Energy pumps up the 2022 Shell V-Power Pearl of Africa Uganda Rally with a UGX250 million sponsorship deal

Muhereza KyamuteteraCompany NewsNews & AnalysisMarch 16, 2022March 16, 2022

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…

Probably Uganda’s most innovative insurer—Prudential Uganda wins 3 awards at regulator’s 2021 Insurance Innovation Awards

Nelson NambooleCompany NewsNews & AnalysisThe Big StoryMarch 16, 2022March 16, 2022

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…

Absa Group 2021 Earnings Increase on Lower Impairments, Higher Pre-prevision Profit

CEO ReporterCompany NewsNews & AnalysisMarch 14, 2022March 14, 2022

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…

Stanbic’s Anne Juuko Named ‘Best Woman CEO’ by Global Brands Magazine

CEO ReporterCompany NewsNews & AnalysisWomen In LeadershipMarch 14, 2022March 14, 2022

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…

Uganda ranked No.1 in East Africa and 5th on the African Continent in the 2021 Absa Africa Financial Markets Index.

Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryMarch 11, 2022March 11, 2022

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….

SEACOM Unveils Regional Expansion Strategy For Uganda

CEO ReporterCompany NewsNews & AnalysisMarch 10, 2022March 10, 2022

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…

Carbon Neutral: CFAO Motors Uganda Launches Roof-Top Solar Plant it its Facilities

CEO ReporterCompany NewsNews & AnalysisMarch 9, 2022March 9, 2022

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…