The Ministry of Education and Sports has authorized international schools to continue Term Two instruction and ongoing examinations, citing alignment with international academic calendars and the need to maintain uninterrupted...
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,…
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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Airtel Rwanda has appointed Jean Claude Gaga the new Managing Director Airtel Money. In a notice, Airtel Rwanda says: “We have the pleasure to introduce to you Jean Claude GAGA who has joined Airtel Rwanda as managing director Airtel Money.” Prior to joining Airtel Rwanda, he served as Commercial Director Equity Bank, CEO at Rwanda’s national electronic payment processor, RSwitch, delivering payment interoperability and transaction processing services to financial institutions. He steered the company through its first EMV certification as a third party processor for key international card schemes such as VISA and China Union Pay among others. He led…
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Absa Bank Uganda has hosted selected journalists to an in-depth analysis of the financial markets ahead of the unveiling of the 2021 Africa Financial Markets Index (AFMI) report on Tuesday 25th January 2022. The training, led by David Wandera, Absa Uganda’s Executive Director and Head of Markets, was aimed at providing a platform for the media to get a better understanding of Uganda’s financial markets. The index is conducted by Absa Group in partnership with the Official Monetary and Financial Institutions Forum (OMFIF) acts as a guide to be used by policymakers and market participants to promote open, accessible and…
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Uganda’s top law firm KTA Advocates has appointed Asmahaney Saad, as its incoming Managing Partner (in rotation) who takes over from the outgoing Managing Partner, Kenneth Muhangi. Kenneth, as Managing Partner Emeritus served from January 2020 to December 2021 and remains Partner Lead & Head of technology, media, telecommunications and intellectual property (TMT/IP) practice department of the firm. An experienced advisor in Corporate, Governance, Commercial Transactions, Projects (including oil and gas) and Alternative Dispute Resolution (ADR), Asmahaney was called to the bar in 2008 and previously practiced as in-house counsel for international companies operating in Uganda’s telecom and oil and…
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KCB Bank Uganda has introduced Pegpay, a school fees payment option which intends to enable their customers to make School fees payments in real-time. With Pegpay system, schools will simply register to the network thus enabling parents and guardians to easily make school fees payment from any KCB branch or agent with no paperwork required. “Customers are always looking out for convenient options for conducting financial transactions, thus through our Pegpay platform, we will extend an appropriate School fees payment option where our customers can walk to any KCB Uganda branch or KCB Agent point and make payments as long…
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XENO, a goal-based investment service that helps people to plan, save, and invest for their financial goals, appointed Ms. Gladys Kavuma as the Chief Operating Officer. Kavuma has over 13 years’ experience in the financial services industry and has led teams across Africa in Strategy, Business Development, Digital Transformation, Project Management and Treasury Management functions. She was most recently the Head of Strategic Alliances at NCBA Group, a leading regional financial services institution famous for pioneering mobile savings and loans solutions (M-Shwari, M-Pawa & MoKash) in collaboration with some of Africa’s largest mobile network operators. She believes that digital and…
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The Uganda Development Bank Ltd (UDB), the country’s national Development Finance institution, approved projects worth Shs926 Billion of which a total of Shs589 Billion has so been disbursed into the Ugandan economy to support businesses during the Covid-19 pandemic period (August 2020, to date). The revelation has been made by Ms Patricia Ojangole, the Managing Director UDB during a press conference in Lira City on Friday. This disbursement represents the largest investment in the post-COVID recovery effort in the country where the government through UDB is prioritizing growth through localized value addition, production and import replacement in alignment to the…
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MTN Mobile Money Uganda Limited, the wholly owned mobile money subsidiary of MTN Uganda, has picked Richard Yego as its first substantive Managing Director, CEO East Africa Magazine can exclusively reveal. According to impeccable sources, Richard, a Ugandan Executive with 16+ years’ experience in banking and digital financial services— six in banking and over 10 years in digital financial services has already put pen to paper on his lucrative contract and is set to start work this or next month. MTN Mobile Money Uganda was spun off MTN Uganda, the largest telecom company in a regulatory sanctioned move, following the…
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Standard Chartered (the Group) has announced the appointment of Dr. Sandie Okoro as Group General Counsel. She will be reporting to Group CEO, Bill Winters and be based in the UK. Dr. Okoro is currently Senior Vice President and World Bank Group General Counsel, and Vice President for Compliance at the World Bank, and will join the Group in early-April 2022. Speaking about the appointment, Bill Winters said: “We’re delighted to have a General Counsel of Sandie’s calibre joining Standard Chartered. Her extensive experience, industry achievements and accomplishments, and focus on championing social justice make her ideally suited for the…
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Arise, a leading African investment company backed by three reputable cornerstone investors, namely Norfund, Rabobank, and FMO has appointed Mr. Albert Jonkergouw as the Acting Chief Executive Officer of Arise as of 1 January 2022. “We are pleased to announce that the Arise Supervisory Board and shareholders have appointed Albert Jonkergouw as the Acting Chief Executive Officer of Arise as of 1 January 2022. Mr. Jonkergouw, who joined Arise in July last year as the Chief Financial Risk Officer, also serves as a member of the Arise Management Board,” they announced. “With the support of the Arise team he will…
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