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…
Western Union and PostBank Uganda today announce the launch of international money transfers in the Wendi mobile wallet. The co-branded digital service will empower customers in Uganda to send and receive funds globally. Wendi is PostBank Uganda’s innovative digital wallet that enables customers to efficiently manage and transact funds directly from their smartphones and feature phones. Customers can now receive money from their loved ones into the wallet seamlessly through Western Union’s vast global network, which spans over 200 countries and territories. They also have the flexibility to send funds to bank accounts and mobile wallets worldwide, as well as…
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Uganda Breweries Limited (UBL), under its vast beer portfolio, has launched the “Buckets of Cheer” campaign to mark the festive season, aiming to bring Ugandans together, spread joy, and create unforgettable moments of celebration. The campaign, which celebrates the values of togetherness, inclusivity, and joy, encourages Ugandans to connect with loved ones during the festive season, whether at large gatherings or family get-togethers. With UBL’s diverse range of beers, including Bell Lager, Bell Citrus, Guinness, Guinness Smooth, Pilsner Lager, Tusker Lager, Tusker Lite, and Tusker Malt, the company seeks to elevate celebrations across the country. As part of the launch,…
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Entrepreneurs have been advised to adopt value addition practices as a gateway to tap into the lucrative trade opportunities locally and across the region. The call was made during the climax of the four (4) day Agri SME Skills Development Program facilitated by PostBank Uganda in partnership with the Federation of Small and Medium Enterprises (FSME) at Uganda Industrial Research Institute (UIRI) in Nakawa, Kampala. Launched in 2022, the Agri SME Skills Development Program forms part of PostBank Uganda’s Corporate Social Investment (CSI) under its Financial Literacy pillar, aimed at empowering Ugandans so that they can participate in the social…
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Western Union and Postbank Uganda have today launched international money transfers in the Wendi mobile wallet. The co-branded digital service will empower customers in Uganda to send and receive funds globally. Wendi is PostBank Uganda’s innovative digital wallet that enables customers to efficiently manage and transact funds directly from their smartphones and feature phones. Customers can now receive money from their loved ones into the wallet seamlessly through Western Union’s vast global network, which spans over 200 countries and territories. They also have the flexibility to send funds to bank accounts and mobile wallets worldwide, as well as for cash…
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Airtel Uganda and Buganda Kingdom’s K2 Telecom have renewed their long-standing partnership, reinforcing their shared commitment to providing innovative and inclusive telecommunication services to Ugandans. This renewed collaboration, which extends a partnership that began in 2018, offers K2 Telecom customers seamless access to Airtel Uganda’s comprehensive range of services, including phone, internet, and mobile money, while maintaining the unique K2 prefixes 708 and 709. Soumendra Sahu, Managing Director, Airtel Uganda, emphasized Airtel’s continued dedication to fostering meaningful partnerships that bridge digital gaps and promote inclusivity across Uganda. He said, “The renewal of this partnership is an indication and commitment to…
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PostBank Uganda has been selected to provide interest-free loans to large-scale commercial farmers under a new government financing scheme aimed at enhancing food security and addressing supply chain challenges. The scheme, which is part of the government’s efforts to promote agro-industrialization and support the 10-fold growth strategy, will provide timely, affordable, and accessible financial resources to farmers. Speaking at the launch, PostBank Uganda’s Managing Director Julius Kakeeto emphasized the importance of financing large-scale farmers. “We are thrilled about the government’s initiative, which we believe will address two major challenges: food security and supply chain constraints,” said Mr. Kakeeto. “This initiative…
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Since Equity Bank Uganda discovered a UGX65 billion (approximately USD 18 million) digital fraud, the bank has been in the eye of the storm, causing a whirlwind of losses, staff exits, and reputation damage. Not only did it slide from profit to loss—from a profit of UGX45.8 billion in 2022 to a loss of UGX18 billion in 2023—but the fraud, coupled with a growing non-performing loans book that more than doubled from UGX90.7 billion in 2022 to UGX191.2 billion in 2023, began to rock the Equity Bank ship in Uganda. Losses aside, the period of instability and necessary purging that…
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Absa Bank Uganda has today announced that David Wandera has been appointed Interim Managing Director. David brings over 20 years of experience in the banking sector, with a strong track record in leadership, strategic initiatives, and financial management. He has a deep understanding of treasury and markets management, accounting, and financial risk management, making him exceptionally well-equipped to lead the bank during this transition period. He has most recently held the positions of Executive Director and Head of Markets, in which roles he has consistently delivered excellent results and built valuable relationships with key stakeholders. David is a Chartered Accountant…
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Uganda Baati has been named the Community Development Champion of the Year at the 2nd Annual Private Sector Gala, an award recognizing the company’s profound impact on communities through its Corporate Social Responsibility (CSR) initiatives under the Safal Uganda Baati Foundation. Guided by its four CSR pillars- Health, Education, Shelter, and Environment, the leading steel manufacturer has consistently demonstrated its pledge to uplifting lives and nurturing sustainable development across Uganda. Over the past year, the foundation has tackled diverse challenges with impactful results. Among its impactful projects, the re-roofing initiative at Nyamifura Primary School has provided better learning conditions for…
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dfcu Bank sponsored and participated in the highly anticipated PSFU NextGen Conference, a transformative platform aimed at equipping young Ugandan entrepreneurs with the tools, insights and networks they need to thrive in the dynamic world of business. Held under the auspices of the Private Sector Foundation Uganda (PSFU), this event reaffirmed dfcu Bank’s unwavering commitment to nurturing entrepreneurial talent and driving economic transformation across Uganda. PSFU Board Chairman, Humphrey Nzeyi while making his opening remarks said, “When we, as PSFU looked at Uganda’s entrepreneurial landscape that is buzzing with young entrepreneurs, we decided to hold a one-day mentorship program where…
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