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,…
In line with its festive season tradition, Coca-Cola has today launched its iconic Christmas caravan to spread the joy of Christmas with Ugandans in different communities across the country. The celebrations that will last up to Christmas day, began with the official flag-off ceremony of the Coca-Cola caravans from the Coca-Cola Bottling Africa plant in Namanve. The caravans will now travel to different towns across the country where they will surprise residents with an assortment of items including assorted gifts, soft drinks and food items to help them prepare for the Christmas and New Year celebrations. “One of Coca-Cola’s longest…
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Service Cops took the BPO/ITES Company of the Year award in the just-ended E-Government Excellence Awards by National Information Technology Authority -Uganda (NITA-U) The company CEO Mathias Kamugasho talks to CEO about the award, the significance of the BPO/ITES industry to the Ugandan economy and what this sector is all about..’ BPO/ITES is an Acronym, BPO stands for Business Process Outsourcing while ITES stands for IT enabled Services. Outsourcing means one entity (the client) decides to use services of another (the contractor) to manage one or many of their business processes. It can be on its premises or on the…
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Here are the key 10 things you need to know about this industry-first from Absa. First of all, to enjoy the extreme convenience, you have to be an Absa Bank customer. You must have downloaded and installed the Absa Banking App on your phone.Absa’s cardless ATMs allow users to access their cash without a physical debit card. All a user needs to do is log in to the Absa Banking app on their smartphone. While in the app, the customer selects the ATM QR Cash icon, then scans the QR Code on the ATM. Once the scan is done, the…
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Absa Bank Uganda has introduced the country’s first innovative and exciting cardless withdrawal function on its Automated Teller Machines (ATMs). The innovation allows customers to use a QR Code generated from the Absa Banking App on any smartphone device to withdraw cash at any Absa ATM countrywide. Speaking during a media briefing to launch this new offering, Musa Jallow, Retail Director, Absa Bank Uganda said, “Digital payments are evolving at a fast pace, particularly during this COVID-19 era where public health is a primary concern. Absa is responding to the needs of customers who are looking for convenience and security…
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Bank Of Uganda has issued PostBank a license to operate as a tier-one commercial bank. Henceforth, PostBank shall no longer be categorized as a credit institution but as a deposit-taking financial institution that gives loans for consumption and investment to make a profit. The bank can now carry out all the functions and services of commercial banks as stipulated in the Financial Institutions Act (2004) Some of these services offered by tier-one commercial banks include acceptance of call, demand, savings, and time deposits withdrawable by cheque or otherwise; provision of overdrafts and short to medium term loans; provision of foreign…
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The deal is signed and sealed. Ugandans now own 15% of MTN Uganda. This follows the successful completion of the MTN Initial Public Offering which culminated into the listing of the telecom on the Uganda Securities Exchange (USE). The listing was a regulatory obligation of the telecom in fulfilment of its second national telecom operator licence in accordance with the national broadband policy of 2018 which sought to increase local participation in the telecom sector. Following its listing, MTN, whose shareholding structure only comprised 4% local ownership prior to the IPO, has now welcomed more Ugandans to share in its…
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Finance leaders in the country have been recognized by ACCA Uganda and Deloitte at the 5th successful edition of the Chief Financial Officer Awards. The event was held at the Kampala Serena Hotel under the theme “Finance leaders as drivers of sustainability” on Thursday 10th December. This year’s awards focused on highlighting the role of Heads of Finance in business growth and recovery in light of the pandemic and its impacts on businesses locally and globally and the ongoing digital revolution. Speaking at the Awards ceremony, Charlotte Kukunda, the Interim Head of ACCA Uganda said, “When we set out to…
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Bank Of Uganda has issued PostBank a license to operate as a tier-one commercial bank. Henceforth, PostBank shall no longer be categorized as a credit institution but as a deposit-taking financial institution that gives loans for consumption and investment to make a profit. The bank can now carry out all the functions and services of commercial banks as stipulated in the Financial Institutions Act (2004). Some of these services offered by tier-one commercial banks include acceptance of call, demand, savings, and time deposits withdrawable by cheque or otherwise; provision of overdrafts and short to medium term loans; provision of foreign…
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Hennessy, the world’s best-selling cognac, and the National Basketball Association (NBA) have announced a global expansion of their partnership, making Hennessy the “Official Spirit of the NBA” worldwide. The multi-year agreement, which marked the league’s first-ever global partnership with a spirits brand, ushers in the next chapter of Hennessy’s relationship with the NBA. In Kenya, Hennessy and the National Basketball Association (NBA) launched the partnership officially with an event at the Nyayo Stadium, bringing together basketball players, basketball fans, artists, and cognac lovers. Speaking at the event recently, Alexandre Helaine, Market Manager Moët Hennessy Eastern Africa, noted that, “This partnership…
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The Ruparelia Group, who through M/S Speke Hotel (1996) Limited is constructing the Speke Resort and Convention Centre, Entebbe has denied that they are encroaching on Lake Victoria, insisting that the area being developed is part of the original project area that was cleared by NEMA. In a press conference held in Entebbe on Friday, December 10th, Rajiv Ruparelia, the Managing Director of the Group said that the project is within the acceptable confines of the National Environmental Management Authority (NEMA) and the group has Environment and Social Impact Assessment (ESIA) certificate, issued by NEMA for the project. “The video…
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