Company News

END OF AN ERA: Microsoft Moves to phase out Internet Explorer

CEO East Africa MagazineCompany NewsNews & AnalysisMay 21, 2021May 21, 2021

Microsoft is retiring Internet Explorer, the browser it created more than 25 years and is now largely abandoned as people instead, use competitors like Google’s Chrome or Apple’s Safari. “We…

URA recovers UGX2bn from smuggled goods in one year

CEO ReporterCompany NewsNews & AnalysisMay 21, 2021May 21, 2021

The Uganda Revenue Authority (URA) has recovered UGX2.1 billion from 1,445 seizures of smuggled goods between May 2020 and April 2021. A URA report for the period ended April indicates…

OIL & GAS: Total E&P starts site clearing for its Ugandan Tilenga Project Industrial Area

CEO ReporterCompany NewsNews & AnalysisMay 21, 2021May 21, 2021

Total E&P Uganda, through its contractor Mota-Engil Uganda has commenced site preparation activities for the Industrial Area in Kasenyi village, located in Ngwedo Sub-County, Buliisa District. The site preparation activities…

Standard Chartered Bank Uganda Appoints Former Finance Minister Maria Kiwanuka as Independent Non-Executive Director

CEO ReporterCompany NewsNews & AnalysisThe Big StoryWomen In LeadershipMay 20, 2021May 20, 2021

Standard Chartered Bank Uganda has announced the appointment of Maria Kiwanuka to its Board as an Independent Non- Executive Director.  Kiwanuka is a senior economist with 14 years’ experience at…

Ascent unveils UGX 354 billion private equity Fund for SMEs

CEO East Africa MagazineCompany NewsNews & AnalysisMay 20, 2021May 20, 2021

In a bid to assist Small and Medium Enterprises (SMEs) with capital to expand their enterprises, African private equity fund manager Ascent has unveiled the second phase of Ascent Rift…

Diminishing income prompts rise in withdrawals in Uganda’s pension sector

CEO East Africa MagazineCompany NewsNews & AnalysisMay 20, 2021

Uganda’s pension sector has undergone a setback in growth during March 2021 with contributory schemes registering a reduction in contributions and a notable increase in withdrawals.  A policy brief authored…

Airtel Uganda Scoops East Africa Innovation Award for Airtel Money Services

CEO ReporterBanking & Financial ServicesCompany NewsNews & AnalysisMay 19, 2021May 19, 2021

Airtel Uganda, The Smartphone Network with the most affordable and reliable mobile financials services, has been recognized and awarded for its continuous innovation under the Airtel Money services that has…

dfcu Bank Begins construction of a UGX80M shelter at Uganda Cancer Institute

CEO ReporterCompany NewsNews & AnalysisMay 19, 2021May 19, 2021

dfcu Bank has supported the Uganda Cancer Institute (UCI) with the construction of a 100-seater shelter to provide outpatients with a secure and decent waiting area as they access health…

Movit Hands Over 1,550 Kits to Nkozi Hospital Ahead of 2021 Charity Run

CEO ReporterCompany NewsNews & AnalysisMay 19, 2021May 19, 2021

Movit Products Limited, through Movit brand, has handed over 1,550 vests/kits valued at over UGX25 Millions to Nkozi Hospital officials at a Kit Unveiling Event held at Movit Products Limted…

NSSF has earned over UGX65 billion from investment in Umeme – Byarugaba

CEO East Africa MagazineCompany NewsNews & AnalysisMay 19, 2021May 19, 2021

The National Social Security Fund (NSSF) has earned value from the 373,771,921 shares purchased from the power distributor Umeme Limited, NSSf Managing Director Richard Byarugaba has said. Byarugaba was responding…