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,…
Stanbic Bank Uganda has earmarked UGX60 billion booster financing to be acquired by the schools to be able to reopen after two years of closure. Under the discounted booster finance, schools are able to borrow up to UGX500M in collateral-free (unsecured) loans to prepare their institutions for reopening. Parents can also access up to UGX250million in unsecured loans processed digitally and dispersed within five minutes at zero processing fee. Stanbic Bank further revealed that its decision to waive all 2021 unpaid accumulated interest on loans to privately owned schools is a proactive initiative based on the understanding that schools have…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
By NJ Ayuk For more than a year, the African Energy Chamber has been pushing back against steadily building pressure to halt new foreign investments in Africa’s oil and gas industry. To prevent catastrophic climate change, environmental organizations, financial organizations, and governments across Europe and North America have insisted that developing nations, including those in Africa, must immediately transition from fossil fuel production and usage to renewable energy sources like solar, wind, and hydrogen. Mind you, the majority of those making these demands are based in industrialized nations that were built on fossil fuels — oil and gas fueled their…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
In this interview with CEO East Africa Magazine’s Muhereza Kyamutetera, Kakeeto says, much as the tier-one is the holy grail that he has been chasing, attaining it, marks the start of a whole new journey― a journey of new goals and new expectations; but one he has spent the last two years preparing for. Thanks to these two years of house-cleaning and great improvements in performance, PostBank will hit the road running, in the top half of the industry’s key players, a good place to be, but also the most competitive. 2021 was a tough year, not much different from…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
I&M Bank Uganda has rolled out a campaign dubbed ‘Top Up’ that will allow customers get salary loans of up to UGX 200 million with competitive interest rates and flexible repayment plans. Talking about the campaign, Joseph Fetaa, Head of Products and Channels, I&M Bank Uganda, said: “2021 as you all know has been a very challenging year world over but more so for us we have seen our kids stay home for two years while individuals’ purchasing power has been affected by the slow economic activity.” He added: “Cognizant of this fact and inline with our commitment to be on…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
A company, setting up a pharmaceutical plant at Matugga on Bombo Road, on the outskirts of Kampala, has pinned a South African contractor of breaching terms and instead resorting to using politicians and security agents to intimidate them to pay for work not done. Dei Natural Products International Ltd (Dei), which is part of the Dei Group, says whereas they contracted Mutoni Construction (U) Ltd and paid it the required money, the latter has failed to finish the production plant and has instead turned around and dragged them to police, claiming they were not paid. On October 14, 2021, Mutoni…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Experian Uganda (previously Compuscan CRB) has received a Visionaries Award from the Government of Uganda for the fourth time. The Visionaries of Uganda Awards recognise top achievers in different sectors of the economy in both Government and Private Sectors, highlighting their services and impact on society. Recipients are commended for their outstanding contribution towards Uganda Middle Income Status Aspiration and Vision 2040 as set out by the Government of Uganda. “We are extremely proud to receive this recognition. Our business is committed to powering opportunities that create a better tomorrow for our clients and consumers. We aim to increase the…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Kyambogo University student Ssendikadiwa Martin is among the monthly lucky winners who won UGX10 million under the Airtel Money after Money promotion that has been ongoing for two months now. The win comes at a time when schools that were under full lockdown for almost 2 years are set to reopen on 10th January. Launched on 15th November 2021, the Money after Money promotion has seen over 4,500 Airtel Uganda customers and 900 agents win cash rewards in the daily and monthly draws. On a daily, 100 customers and 20 agents win UGX100,000 while on a monthly, 10 lucky winners…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Absa Bank Uganda will offer a two-month repayment holiday on salary loans to customers as schools reopen in January. The offer is available on salary loans with competitive interest rates for sums between UGX1 million to UGX250 million. “The pandemic has created economic pressures sending many into financial distress. With the impending school reopening, we are aware that parents will face challenges meeting school fees obligations. With our salary loan offering, we will be able to provide support to our customers by providing a two-month repayment break valid for all salary loans with zero arrangement fees. Customers can also apply…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
We have all been told, time and again, that do not put your eggs in one basket but less and less has been said about what do you do when the number of baskets available is too narrow. Specifically for investors who would like to invest in stocks, how do you diversify your portfolio on the Uganda Securities Exchange (USE) where there is only a handful of listed entities, and most of the stock is held by a few institutional investors who are not keen on selling in the short term? A limited supply of stocks aside, the other available…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
The Tony Elumelu Foundation (TEF) has opened applications for the 2022 TEF Entrepreneurship Programme. African entrepreneurs with business ideas or existing businesses under 5 years, are encouraged to apply now for $5000 seed capital, mentorship, business management training and more on the 2022 Tony Elumelu Foundation Entrepreneurship ProgrammeSince 2015, the TEF Entrepreneurship Programme, has empowered 15,847 African entrepreneurs with non-returnable seed capital of $5,000 each; twelve weeks of business management training; access to experienced mentors; and membership to Africa’s largest entrepreneurial ecosystem. The Tony Elumelu Foundation Entrepreneurship Programme is open to entrepreneurs across Africa: new start-ups and existing young businesses,…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
