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…
Ruth Ajuna is living proof of how determination and access to the right financial support can transform lives. A farmer and entrepreneur from Hoima District, Ruth has cultivated a thriving business in sugarcane, coffee, and lentils since 2008, driven by a desire to support her family and provide her children with a brighter future. However, like many women entrepreneurs in Uganda, Ruth faced significant obstacles in expanding her farming operations and completing her rental property project. Despite her hard work, Ruth lacked the capital to take her business to the next level. Initial attempts to secure loans from other banks…
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dfcu Bank partnered with the Uganda Women Entrepreneurs Association Limited (UWEAL) to empower and recognize the achievements of women entrepreneurs at the Annual Women Business Leadership Conference 2024 and Award Dinner Gala held on November 28th and 29th 2024 at Motiv, Lugogo. The conference was a climax for UWEAL’s Women Entrepreneurs Month where a number of awareness activities like; Enterprise skill training and Policy advocacy forums were organised to spotlight the vital role women play in Uganda’s economic growth. As a champion of women in business, dfcu Bank’s collaboration with UWEAL underscored its long-standing legacy of empowering female entrepreneurs in…
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The Capital Markets Authority (CMA) has given Buildnet the go-ahead to proceed with its media advertising content, which the Regulator had earlier disputed. This follows some amendments by Buildnet in the wording of its advertising content that had earlier been published on various platforms. “We have noted that the proposed project taglines no longer include the wording previously identified to be in breach of the Capital Markets Authority Act Cap 64,” CMA’s CEO, Josephine Okui Ossiya, wrote in a letter to Buildnet. In an interview with CEO East Africa Magazine on Monday, Buildnet’s Managing Director, Dr. Ibrahim Semaganda, clarified that…
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Herbert Kamuntu and Bridget Basima emerged the overall winners at the season finale of the 2024 I&M Bank Katogo Golf Series, held on Saturday at Entebbe Club. Kamuntu claimed the men’s overall prize with a net score of 65 points, while Basima topped the ladies’ category with 69 points, on count back. Each of the overall winners won a an I&M Bank gift hamper, as well as a RwandAir return ticket and shall have to choose a destination of their choice from Dubai, Johannesburg, Nairobi, or Kigali. The series season finale, played under the ‘Double Bogey Danger’ format, attracted close…
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All is set for the 2024 I&M Bank Katogo Golf Series grand finale this Saturday, December 7 at the Entebbe Club. This will be the fourth event of the quarterly series, and shall close the 2024 season of the series. The season finale comes a few weeks after a group of Ugandan golfers traveled to Kenya, and participated in the first-ever cross-border I&M Bank Katogo Golf Series tournament at Limuru Country Club. The one-day debut I&M Bank Katogo Golf Series tournament was dubbed the ‘Migingo Skirmishes,’ and it had over 200 golfers compete on the Limuru greens, and later enjoyed…
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I&M Bank Uganda is extending a festive season gift to its customers with a loan repayment holiday, providing much-needed financial relief during the Christmas season and the back-to-school period. The campaign dubbed ”Nyumirwa Breaktime”, which runs from December 1st 2024 to February 28th 2025 will allow retail loan customers a repayment holiday of up to 60 days before their first installment is recovered. The announcement was made on Monday, December 2nd 2024, during a launch event at the bank’s Headquarters at KingdomKampala, which was attended by the bank’s top executives, staff from various branches, and valued customers. CEO Robin Bairstow,…
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David Plenderleith was announced the winner of the second edition of the I&M Bank sponsored- Serena 63 Golf Series, at the season finale prize giving do, on Saturday November 30th, at Lake Victoria Serena Golf Resort and Spa, Kigo. The 2024 edition of the Serena Hotels organsied series teed off in April, and was concluded on the final day of the month of November. The series registered a total of over 70 players, and attracted hundreds of golfers in the quarterly outings. And at the end of the second edition of the series, Plenderleith, who won the inaugural edition last…
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For years, Gillian Kiconco, a dedicated young woman from Rubanda District, dreamed of making a difference in Uganda’s agricultural sector. With a Diploma in Crop Production and a Bachelor’s in Crop Science, she had all the knowledge and passion but faced a harsh reality after graduation: there were no job opportunities. For four long years, she remained unemployed, wondering how to put her skills to use. In 2017, driven by the desire to secure her future, Gillian took a bold step and opened a farm supply store. She started small, selling fertilizers, herbicides, farm tools, and other essential agricultural products….
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Two years after he took over the management of Equity Bank in Uganda, Anthony Kituuka has resigned, the CEO East Africa Magazine can exclusively reveal. According to an internal memo that CEO East Africa Magazine has seen, Anthony will leave the Bank on 1st March 2025. “I wish to inform you that Anthony Kituuka has tendered his resignation from his role as Managing Director, Equity Bank Uganda Limited, in order to pursue other opportunities outside the organization. The Board of Directors of Equity Bank Uganda Limited accepted Anthony’s resignation on 28th November 2024 and have subsequently informed the Bank of…
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Northern Uganda’s economic landscape, driven largely by agriculture, has presented unique challenges and opportunities for financial inclusion. dfcu Bank has taken strategic steps to adapt its services and empower communities, with a special focus on women, youth, and rural populations. In this interview, Nancy Ocitti Acayo, dfcu’s Northern Regional Manager, discusses the bank’s efforts, challenges, and achievements in its quest to drive economic empowerment in the region. How has dfcu Bank adapted its services to meet the needs of residents in Northern Uganda? Agriculture is at the heart of Northern Uganda’s economy, so we’ve tailored products like agricultural loans with…
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