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…
Against a backdrop of continued macroeconomic headwinds of high interest rates and volatile exchange rates across the markets that the Group operates in, Equity Group Holdings Plc (EGH) continues to demonstrate resilience, with regional businesses contributing 51% of profit before tax and 48% of total assets to reach Kshs.1.7 trillion as of 30th September 2024. The Group, which has been named the top financial brand in Africa and the 2nd strongest bank Brand in the world by Brand Finance and backed by its motto of ‘’Growing Together in Trust’’, has seen its deposit franchise grow 9% year-on-year to Kshs.1.3 trillion,…
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Stanbic Bank has partnered with Adjumani Hospital to spearhead a campaign to eradicate maternal mortality in the West Nile subregion. This initiative, announced during the bank’s October L.O.V.E Month, underlines the dedication of both the hospital and Stanbic Bank to strengthen the quality of healthcare for vulnerable communities. Adjumani Hospital, ranked third among 63 government general hospitals by the Ministry of Health, has become a ray of hope in the region. Despite its 100-bed capacity, the hospital handles over 250 admissions and 450 outpatient cases daily, serving a population that includes 250,000 South Sudanese refugees living in 19 settlements. Adjumani…
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Over 200 amateur golfers from Uganda and Kenya participated in the first-ever I&M Bank Katogo Golf Series tournament at Limuru Country Club on Saturday, November 9, 2024. Dubbed the ‘Migingo Skirmishes,’ the one-day tournament saw the Kenyan team take the bragging rights after posting 399 points, while the visiting Ugandan team managed 343 points. The final result was arrived at after considering the scores of the ten best players for each team. I&M Bank Regional CEO Kihara Mania (left) presents the winner’s trophy to Limuru Country Club Captain James Githinji, as I&M Bank Uganda CEO Robin Bairstow (in a black…
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Citi today announced a EUR 126 million loan to the Government of the Republic of Uganda to fund the design and build of the Lusalira to Sembabule road project in Uganda. Citi acted as the sole coordinating Mandated Lead Arranger and a lender. The financing was supported by African Trade and Investment Development Insurance (ATIDI) and the Development Bank of Southern Africa (DBSA). Banks in the syndicate include Absa Bank (Mauritius) Limited. The Lusalira to Sembabule road project is expected to link the national road network to the west of the country, playing a significant role in its socio-economic development, in…
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dfcu Bank has earned international acclaim by winning the prestigious Gold Award in the Distribution category at the Qorus Reinvention Awards—MEA 2024 in Dubai. Recognized among nearly 700 entries worldwide, dfcu Bank’s Investment Club App stood out for its innovative approach to digital finance and its impact on Uganda’s investment and savings club culture. The Investment Club App, designed to enhance financial inclusion and literacy, serves over 135,000 savings and investment clubs across Uganda and has been downloaded more than 10,000 times. This platform allows members to manage contributions, track loans, handle collections, and monitor returns in real-time, reflecting dfcu…
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The National Social Security Fund (NSSF) has once again proven its commitment to transparency and high standards in financial reporting, winning the coveted Gold Award at the 2024 Financial Reporting (FiRe) Awards. This recognition, awarded by the Institute of Certified Public Accountants of Uganda (ICPAU), is a prestigious milestone, honoring NSSF’s consistent excellence in integrated reporting, sustainability practices, and corporate governance. In addition to the Gold Award, NSSF also received top accolades for Best Sustainability Reporting, Parastatal of the Year, and a Certificate of Recognition for its outstanding achievements in Corporate Governance. This underscores NSSF’s leadership in financial reporting, marking…
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I&M Bank Uganda is making significant strides in digital banking with the launch of its Express Go Digital Account, designed to provide affordable and convenient banking solutions for its customers. The unveiling took place on November 7th at the bank’s headquarters located at Kingdom Kampala, introducing a unique account that is accessible exclusively through the I&M On-The-Go app. The Express Go account is tailored for modern banking needs, allowing for free bank-to-wallet transfers—ensuring seamless, and low-cost access to funds. During the launch event, I&M Bank CEO Robin Bairstow emphasized the bank’s commitment to enhancing the banking experience by providing easier,…
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Equity Bank Uganda has launched the 4th Annual Equity NARO Open with UGX 175 million package to the Namulonge Club. As a proud sponsor of this year’s golf tournament which kicks off this Friday, the bank will commit to nurturing new talent in golf with a number of Equity staff training in Namulonge expected to participate. Anthony Kituuka, the Equity Bank Managing Director said, Equity has a longstanding commitment to supporting golf, and will continue contributing to the growth of this sport. Kituuka noted that he was thrilled to see budding golfers emerge. “We’re proud to back golf in Uganda,”…
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Uganda is embracing the digital age, and the fintech sector is growing rapidly, transforming how people access financial services. At the forefront of this change is MTN Mobile Money (U) Ltd (MTN MoMo), a leader in mobile financial services that is making it easier for Ugandans to engage with their finances. MTN MoMo offers a wide range of services, including a robust credit ecosystem that enhances financial access and supports economic growth across the country. Through partnerships with respected financial institutions like NCBA, KCB, PostBank Uganda, and Jumo, MTN MoMo has brought to the customers several innovative products—such as MoKash,…
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Muhawiyah Mukasa, a standout winner of the 2023 Best Farmers Competition, is redefining rabbit farming and dragon fruit cultivation in Uganda on his farm, Kapeeka Agro and Livestock Farm (KALF). Located in Kapeeka, the farm has risen as a beacon of innovation, youth entrepreneurship, and dedication to community empowerment. Initially focusing on rabbit farming, the farm has now grown to produce dragon fruit for export. This unique combination, alongside sustainable practices and inventive approaches, has positioned KALF as a trailblazer in Uganda’s agricultural landscape. The journey to success, however, was anything but simple. Early on, Muhawiyah encountered challenges common in…
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