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…
Airtel Uganda has today unveiled a new data package dubbed Good Morning Bundles where customers will dial *175# and access 2GB data volume at only UGX5000. The bundles are valid for 24 hours. While addressing the media at Airtel Uganda Offices, the Head Data, Devices and New product development at Airtel Uganda, Joweria Nabakka said: “Our customers make important business and lifestyle decisions in the mornings. We have a duty to support them grow these decisions by offering affordable data plans. “Airtel boasts of being the most affordable telecommunications servce provider with offers that are value addition to our consumers…
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Stephen Ineget has been appointed new Klynveld Peat Marwick Goerdeler (KPMG) Uganda country leader. KPMG is a global network of professional firms providing Audit, Tax and Advisory services, operating in 147 countries with more than 219,000 people working in member firms around the world whose purpose is to turn knowledge into value for the benefit of the people, and the capital markets. Stephen has been the country leader of KPMG Rwanda where he was responsible for spearheading the KPMG business (Audit, tax and advisory) in Rwanda and ensuring that clients know KPMG as a trusted service provider. Stephen’s strong business…
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MOGAS is now free to do business for the next six months and conclude talks with a one Ola Energy Ltd which was willing to take over MOGAS and pay off a debt that the oil marketer owes Stanbic Bank Uganda. In a recent development, Maestrol Oil and Gas Solutions Limited famously known as MOGAS Uganda Limited, had been placed under receivership by Stanbic Bank Uganda. This follows MOGAS’ failure to pay back 12 loans it borrowed from Stanbic Bank totalling to UGX 43,181,259, 828 (which includes both the principle and the interest). According to Vincent Lubuulwa, Stanbic Bank’s senior…
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Knight Frank Uganda, a commercial and residential agent in Kampala with one of the largest residential agency portfolio of any Ugandan-based estate agency has predicted that with the reopening of the night economy, Uganda’s real estate industry will again boom. Uganda’s night economy which has been on the Covid-19 shutdown for close to two years was allowed to re-operate on Monday, January 24, 2022. Speaking to the press Monday during the release of the Kampala market performance review for the second half of 2021, experts from the Knight Frank Uganda said the retail sector had dropped by 12% due to…
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Before end of last year, Financial technology and Business Processes Outsourcing company Service Cops was awarded the Pacesetters Award in Financial Innovation at an event held in Nairobi The Pacesetter Awards Program is an annual Industry Leadership Recognition program held by the Jubilant Stewards of Africa (SA), a Non-Governmental Organization, to celebrate top industry leaders for their innovation, quality products, service delivery, job creation, exemplary leadership, growing the economy and transforming the society. The winners in various categories are carefully selected through a competitive and thorough process involving a public vote and a panel of judges. PSA seeks to encourage organizations…
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Prof Samuel Sejjaaka has been appointed the new board chairman of monitor publications limited, one of Uganda’s leading news dailies with effect from 1st February 2022. Prof Sejjaaka has built a reputable career over the years both in the academic and business world. He has a vast experience as a financial consultant spanning over twenty five years. A fellow of the association of chattered accountants and a certified public accountant of Uganda, Samuel is the principal and principal owner of Mat Abacus, a premier training institute of professional accountants in Uganda. Before he retired from active teaching, Prof Sejjaaka…
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When it comes to Shell V-Power, most of us are in the dark, if we bothered to tell the truth when asked about the product. We ignore it – heck, it costs more than ordinary fuel, and we are immediately put off. Why would anyone want to fill their tank with fuel that costs more than ordinary fuel? Fuel prices are bad enough as it is, and our cars get along just fine with ordinary fuel. So why would we bother with Shell V-Power? I met Jackson Kilimani, the Quality Manager at Vivo Energy, over a coffee at Java House….
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Airtel Uganda has launched Airtel Cares, an initiative that is dedicated to supporting communities, through digitizing Agriculture, Health and Education. The announcement was made yesterday during the unveiling of a partnership between Airtel and EzyAgric that is intended to boost Agri-Business in Uganda. Airtel’s partnership with EzyAgric, an Agric-Tech company, will support farmers in embracing the use of technology through mobile phones to have access to useful information on agricultural inputs, market access, insurance options, marketing and weather information among other elements that will decision making. While addressing the media, Henry Njoroge, the Marketing Director at Airtel Uganda said,…
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To celebrate its two-year anniversary, Carrefour, owned and operated by Majid Al Futtaim in Uganda, is rewarding 700 lucky customers by covering the cost of the items in their shopping trolleys. Customers will be chosen at random, and a total of UGX110 million worth of shopping will be gifted from 21 January to 6 February. Carrefour has also announced an array of discounts of up to 50 per cent across multiple categories including groceries, fresh food, electronics, appliances, and homeware. “We celebrate two years of Carrefour playing an active role in serving Uganda’s communities and look forward to serving our…
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Standard Chartered Bank Uganda Limited has been announced as the best performing Primary Dealer Market Maker (PDMM) in Uganda Government securities during the period October 2020 to September 2021. The announcement was made by Dr. Michael Atingi-Ego, Bank of Uganda (BOU) Deputy Governor, during the 1st Annual Award Event to Recognise the Best Performing PDMM) in the Uganda on Wednesday. “Congratulations to you [Mr. Albert Saltson CEO/Managing Director, Standard Chartered Bank Uganda] and your Financial Markets team,” said Dr Atingi-Ego. He said that the BOU established a system that evaluates the performance of each PDMM bank based on various criteria,…
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