Company News- Page 212

Company News
Ms. Lilly Ajarova, Chief Executive Officer, UTB (right; foreground) and Mr. Cornwell Muleya, Uganda Airlines Chief Executive Officer of Uganda Airlines (left; foreground) exchange cooperation agreements on February 4th 2020.

Uganda Tourism Board and Uganda Airlines sign landmark Brand Destination Uganda Promotion partnership

Uganda Tourism Board (UTB) and Uganda Airlines have today, February 5th 2020 signed a memorandum of understanding to combine their efforts to promote the tourism potential of Brand Destination Uganda. The two
February 4, 2020
CK Japheth, CEO and Team Lead The Innovation Village. He says that the training is timely and relevant as businesses come to terms with the challenges posed by the COVID-19 pandemic.

The 97fund Launches UGX3.6 billion Covid-19 Relief Fund

The 97Fund, a Ugandan domiciled Open-end Investment Vehicle (HoldCo) that invests in high growth early stage companies in Africa, has launched a $1 Million COVID-19 Relief Fund (the “Fund”). The 97Fund is
August 28, 2020
Colin Asiimwe, MultiChoice Uganda head of marketing says customers are required to rescan/reboot their decoders on 01 September 2020 after 12:00 CAT to allow for changes to come to an effect

Q&A: We are Reshuffling M-Net Movies Channels to focus more on local content – MultiChoice Uganda’s Colin Asiimwe

Why is MultiChoice making changes to the M-Net channels on DStv? We are reshuffling our channels as part of our business strategy to focus more on local content investment. This will see
August 28, 2020
Ade Ayeyemi, Group Chief Executive Officer says the group significant investment in technology is yielding the desired results. Courtesy photo

Ecobank Group wins African Banker Award for Innovation in Financial Services

Pan-African banking group, Ecobank has won the Award for Innovation in Financial Services at the 2020 edition of the prestigious African Banker magazine Awards. The Awards, which reward banking excellence in Africa,
August 27, 2020
With the impending school reopening, Absa says that they are aware that parents will face challenges meeting school fees obligations.

COVID-19: Absa Group earnings decline by 82%

Absa Group Ltd, parent group of Uganda’s 3rd largest bank by assets and customer deposits, has reported an 82% decline in normalized interim earnings after impairments increased four-fold to R14.7 billion (UGX3.2
August 27, 2020
Kampala International School Uganda (above) is one of the schools under the Ruparelia Foundation

COVID-19 Special: KISU announces 50% Discount on fees

Learning is a need that even COVID-19 cannot take away; Kampala International School Uganda (KISU) has announced a 50% discount on fees for Ugandan and resident parents who wish to enroll their
August 26, 2020
Dr Elly Karuhanga. He is also the Founder President and Chairman, Governing Council, Uganda, Centre for Arbitration and Alternative Dispute Resolution (CADER) formed in 1998.

Elly Karuhanga re-elected dfcu Limited Chairman

Prominent City lawyer and business man Elly Karuhanga, has been re-elected as dfcu Limited Chairman, the holding company of dfcu Bank, the 5th largest bank by assets. Karuhanga’s re-election was announced during
August 26, 2020
Mr Elikana Ecima won 5 million from the MoMoNyabo Together Promotion which he shared with his wife

Arua Head teacher hits jackpot with MTN MoMoNyabo promo

Head teachers and teachers in Uganda are seeking alternative income sources following the effects of the COVID-19 pandemic, having been out of work since schools were closed. MTN Uganda, through its mobile
August 25, 2020
Jonathan Wamara -Head, Universal Trade Stanbic Bank Uganda. He says when a client joins the Trade Club, a Community Manager is assigned to them to assist with any needs the client may have regarding the Club

Stanbic Bank Trade Club Connects Ugandan businesses to global markets in 190 countries

Stanbic Bank Uganda has unveiled the Trade Club (https://www.tradeclub.stanbicbank.com/club/hub), a new solution that allows business people in Uganda grow their enterprises by getting access to contacts, market information and a platform to
August 25, 2020
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