Company News- Page 217

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

by Muhereza Kyamutetera

POATE2020: UTB CEO urges Ugandan tourism players to adopt technology and research for growth

Digitalisation and the rise of digitally connected youthful travelers, coupled with a growing middle class in Asia and Africa are some of the major trends that are poised to disrupt the tourism and travel business in the next decade and

February 6, 2020

by Muhereza Kyamutetera

Allen Kagina, former Executive Director of the now-defunct Uganda National Roads Authority (UNRA), and Gen. Katumba Wamala, Minister of Works and Transport, are central figures in Uganda’s road infrastructure sector, now under renewed scrutiny following a High Court ruling on procurement integrity and fraud allegations.

High Court Clarifies: Fraud Allegations in Public Contract Disputes Must Be Heard—Even Late

The case stems from a major infrastructure procurement initiated by the former Uganda National Roads Authority

Michael Opira, Executive Director, Operations at Centenary Bank, brings over 27 years of banking experience as he returns to the institution where his career began.

Housing Finance Bank’s Michael Opira crosses to Centenary Bank as Executive Director, Operations

Centenary Bank has appointed seasoned banking executive Michael Opira as its new Executive Director, Operations, marking

EABL hard-hit by COVID-19 impact as Net Sales fall by 9% in Second Half

East Africa Beverages Limited (EABL), parent company to Uganda Breweries Limited, has announced annual performance declines driven by COVID-19 impact that has hugely hit the global economy. According to the annual performance

July 30, 2020

Company News·The Big Story

Mbarara District Health Officer, Peter Sebutinde demonstrating how to wash hands, while Mbarara Referral Hospital Director, Celestine Barigye and Mbarara Plant Manager, Joackim Baluku look on.

COVID-19: Coca-cola Installs Handwashing Station at Mbarara Referral Hospital

To support the Ministry of Health in the fight against Coronavirus (COVID-19) in Uganda, Coca-Cola Beverages Africa (CCBA) in Uganda has installed a 5,000-litre Community Handwashing Station at Mbarara Referral Hospital in

July 30, 2020

Company News

Absa Uganda appoints Nadine Byarugaba as new Board Chairperson

Absa Group Limited, parent company of Uganda’s third largest bank by assets (UGX3.4 trillion as at end of 2019), Absa Bank on Tuesday announced the appointment of Nadine Byarugaba as Chairperson Board

July 29, 2020

Company News

Richard Yego, the Agent Banking Company of Uganda Limited (ABC) Chief Executive Officer, since June 2019. He first joined the company as the Commercial Director in February 2018. He wields over 14 years experience in Banking and Digital Financial Services that among others includes, being the Airtel Money Director in Uganda

Q&A: 2 years, 7,600 agents and over UGX2.5 trillion transacted, agent banking is unstoppable; it is the future of banking

First of all, tell us about the Agent Banking Company of Uganda Limited- who owns it and how is it run? Agent Banking Company of Uganda Limited (ABC) was incorporated in July

July 29, 2020

Company News·The Big Story

Uganda National Bureau of Standards moves to Replace Quality Marks

Uganda National Bureau of Standard-UNBS has announced plans to phase out the use of quality marks and introduce distinctive marks on digital stamps. UNBS Deputy Executive Director, Paul Musimami revealed this during

July 28, 2020

Company News

Janat Katende Namakula one of the lucky winners last week

MTN MoMoNyabo Promo Breathes Life into Struggling Businesses

With the closing down of arcades during the Covid-19 lockdown, most traders who resumed working recently are struggling with rent arrears. But that is not a problem for Janat Katende Namakula who

July 28, 2020

Company News

Nicholas Lutakome, Ag Chief Executive Officer, Sanlam Life Uganda

Sanlam Life’s 2019 profits grow 375% amidst a very competitive insurance market

Sanlam Life Uganda, the life insurance arm of insurance giants, Sanlam, has announced a 375 percent growth in its operating profit for the fifth straight year. In results published last week, Sanlam

July 28, 2020

Company News·The Big Story

Orient Bank on Kampala Road. Courtesy photo

Orient Bank’s acquisition by I&M Holdings PLC presents better opportunities for customers, management says

Orient Bank is positive that the proposed acquisition by 1&M Holdings PLC will enable its customers to benefit from the synergies through the group’s regional infrastructure. Ronnie Zalwango, the communications manager tells

July 27, 2020

Company News

Major airlines to restart commercial flights effective tomorrow

Several commercial airlines have declared their intention to resume flights as governments gradually re-open airports to as they relax regulations to stem the spread of Coronavirus. Emirates will be the earliest to

July 27, 2020

Company News

Banks Resume Full Operations After Lift on Lockdown

Several commercial banks have announced resumption of full operations after the COVID-19 lockdown was lifted on most business activities across the country. Tropical Bank, Stanbic Bank and Centenary Bank have written to

July 27, 2020

Company News

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