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,…
Following a reputational and financially bruising fraud scandal — in which the brewer estimates to have lost about UGX 9 billion — and the subsequent exit of its Heads of…
Kampala Associated Advocates (KAA) has been tapped to represent Stanbic Bank Uganda and its parent, Stanbic Uganda Holdings Limited, in one of the largest transfer-pricing disputes to reach the Tax…
By Samuel Madul Anyiethgai Growing up as a South Sudanese refugee from a refugee camp in a small village in Adjumani District in West Nile, Uganda, my dream was to…
By Adons Aryong For the last half of a century, Uganda’s vibrant education system held onto traditional models of school fees collections through direct bank deposits and cash payments at…
Stanbic Bank Uganda, the country’s largest lender by assets, revenue, and deposits, has today, March 3, 2025, officially welcomed Mumba Kenneth Kalifungwa as its new Chief Executive. His appointment, first…
In the spirit of reimagination, Guinness Smooth has applied more vibrancy and expression to its pack and brand world. The beer that is celebrated for its irresistibly smooth taste has…
The Nile Breweries scandal involving the Majok siblings has exposed significant weaknesses in corporate governance, oversight, and financial accountability. However, this case is not an isolated incident—it is part of a growing internal fraud crisis in Uganda. Businesses across the country are losing billions due to insider fraud, weak corporate controls, and ineffective enforcement. According to the PwC Global Economic Crime and Fraud Surveys (2020, 2022, and 2024) and the Uganda Police Annual Crime Report 2024, internal fraud remains one of the most financially devastating forms of corporate crime. In 2024 alone, Ugandan businesses lost over USD 272 million (UGX…
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Nile Breweries Limited, the Ugandan subsidiary of global brewing giant Anheuser-Busch InBev (AB InBev), is conducting an extensive investigation into allegations of fraud and financial misconduct within its sales and marketing departments. Central to the probe are two South Sudanese siblings, Amou Majok and Darwin Majok, who allegedly leveraged their positions in the company to orchestrate fraudulent schemes estimated to be in billions of shillings. A Family Affair: Fraud Within the Ranks One of the major leads in the investigation is that Darwin Majok, formerly the National Trade Marketing and Key Accounts Manager, directly reported to his sister, Amou…
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This year marks the 10th anniversary of the annual Stanbic National Schools Championship (NSC), the widely acclaimed entrepreneurship and innovation competition for secondary school students and teachers. In an exclusive…
Melkamu Abebe, the outgoing General Manager of Coca-Cola Beverages Uganda (CCBU), has concluded his tenure on an extraordinarily high note, guiding the company to victory at the prestigious Group Africa CEO Award. Under his leadership, CCBU stood out among Coca-Cola Beverages Africa (CCBA) operations, triumphing over strong competition from Botswana, Ghana, and South Africa. The award, which recognises markets that demonstrate excellence across financial strength, leadership, customer execution, and operational efficiency, was presented at a special ceremony celebrating top-performing business units within Coca-Cola Beverages Africa (CCBA). Sunil Gupta, Chief Executive Officer of CCBA, commended Uganda’s achievement, stating: “This award is…
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dfcu Bank has announced the appointment of Hope Lorna Nakhayenze as its new Chief Risk Officer, effective 1st March 2025. The Bank stated that in this role, she would be…
Uganda is rapidly positioning itself as a premier destination for Meetings, Incentives, Conferences, and Exhibitions (MICE), with the Speke Resort Convention Centre (SRCC) at the heart of this transformation. Dr….
