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…
PostBank Uganda has today teamed up with Uganda Blood Transfusion Services (UBTS) to rally Ugandans to donate blood to ensure that health centers have enough blood to save lives. The call was made today by PostBank Uganda Managing Director, Julius Kakeeto during the launch of the blood donation drive that kicked off today at the bank’s Head Office. The partnership between the two entities will see similar initiatives rolled out across the Northern, Eastern and Western regions of Uganda where the bank has a footprint. “We all know that many people travel a lot during the festive holidays. Unfortunately, the…
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The Serena 63 Golf Series is gearing up for its season finale outing slated for this Saturday November 30, 2024, at the Lake Victoria Serena Golf Resort and Spa, Kigo. Now in its second year, the series, sponsored by I&M Bank Uganda, and organized by Serena Hotels, will recognize and award the top overall performers of the season, at this Saturday’s 19th hole prize-giving dinner. Boniface Ssimwa, the Serena Golf Pro, and an official of the series, the Saturday finale is expected to register a bigger turn up, considering it’s the season ender. Golfers strike a pose for a photo…
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United Bank for Africa (UBA) has appointed Kenneth Kisambira as its Managing Director/CEO for Uganda. Mr. Kisambira, who was previously the Executive Director since June 2022, replaces Ms. Chioma Mang, who has been the bank’s head since December 2020. Chioma Mang, early this year caused a stir in the market, when she briefly left Uganda to take up an Executive Director role at Nigeria’s Keystone Bank. She was on January 10, 2024 announced by the Central Bank of Nigeria as the new Executive Director of Keystone Bank, following the Nigerian central bank’s dissolution of the Board and Management of three…
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I&M Bank (Uganda) has been recognized as the Most Innovative Digital Bank Uganda and Best Private Bank in Uganda for the year 2024 by the Global Banking and Finance Review Awards. The Global Banking and Finance Review Awards also recognized other outstanding financial institutions in Uganda and across other regions globally. The recognition highlighted I&M Bank’s commitment to enhancing customer experience through cutting-edge digital solutions and exceptional banking services. The awards come at a time when I&M Bank demonstrated unique innovativeness in the digital space after rolling out a range of digital products aimed at providing customers with digital solutions…
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Entrepreneurs have been advised that an important part of doing business is being compliant in regards to the relevant regulatory rules in place. Speaking during a panel discussion under the theme, ‘Compliance and why many Ugandan MSMEs fail to seize lucrative business opportunities,’ Catherine Poran, the Chief Executive of the Stanbic Business Incubator Limited said, “The first reason why most Ugandan businesses fail is failure to adhere to compliance. Most businesses are not compliant with the laws. When you are doing business, do it the right way. Compliance means that you are doing business the right way. And that is…
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Airtel Africa has announced that its five-year partnership with United Nations Children’s Fund (UNICEF), aimed at transforming education across the continent, has connected over 1,500 schools to the internet, trained 17,000 teachers, and reached nearly a million learners with quality digital education resources across 13 African countries. The partnership was launched in 2021 as part of Airtel Africa’s $57 million commitment to support the development of education and bridge the digital divide for vulnerable children in remote communities in collaboration with African governments. Since the commencement of the partnership, Airtel Africa has prioritised the accessibility of online learning resources, including…
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For the past nine years, Siddy Latabu has been trading in fish, supplying silver fish and smoked fish in Kitgum Main Market to sellers in Kitgum and neighboring districts including; Pader, Agago, and Lamwo. But it wasn’t until she discovered dfcu Bank’s GROW loan that her business truly grew to new heights. Before taking out the GROW loan, Siddy was already familiar with dfcu Bank. As a loyal customer, she had just successfully paid off a UGX 10 million loan when her Loan Officer introduced her to the GROW loan; a product tailored for women entrepreneurs. Intrigued by its low-interest…
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The Citi Foundation has announced the 50 community organizations around the world that are set to each receive $500,000 (UGX 1.8 Billion) in catalytic funding as part of the 2024 Global Innovation Challenge. This year, Citi Foundation’s Global Innovation Challenge sought applications providing sustainable solutions to addressing homelessness. Habitat for Humanity was announced as the grant recipient in Uganda, at Citi’s 25th Anniversary celebration in Kampala, this evening, as part of their commitment to support and uplift the local community. The project will train youth on low-cost, innovative construction techniques to facilitate the increase in supply of affordable homes with…
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Citi Uganda commemorated 25 years of operating in the country in an event attended by government, business, and industry leaders, including the Minister of State for General Duties, Honorable Henry Musasizi. Since opening its doors in Kampala in 1999, Citi has played a pivotal role in supporting the country’s economic development through transformative infrastructure project financing, business empowerment, and championing financial inclusion. “We know that our success is intertwined with the well-being and progress of Uganda,” remarked Ebru Pakcan, Middle East & Africa Cluster and Banking Head. “That’s why we have not only invested in the financial sector but also championed education, financial literacy,…
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Empowering women is like watering the roots of a tree, it nourishes the entire community. This was one of dfcu Bank’s considerations when it started the dfcu Women in Business Program (WiB) in 2007. As the name suggests, Women in Business is intended to support women entrepreneurs by increasing access to the full range of the bank’s products, providing business advisory and credit at preferential rates. “Women in Business sets dfcu apart as the bank is specifically looking to empower women,” said Dr. Gudula Naiga Basaza, chairperson of the Bank’s Women Business Advisory Council. “dfcu has been a trailblazer in…
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