Company News

Western Union and PostBank Uganda Revolutionize International Money Transfers with Wendi Mobile Wallet

Brian EmorutBanking & Financial ServicesCompany NewsTechnology & InnovationDecember 24, 2024December 24, 2024

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…

Airtel Uganda and Buganda Kingdom Renew Partnership to Enhance Connectivity

Brian EmorutCompany NewsNews & AnalysisDecember 20, 2024December 20, 2024

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…

PostBank partners with Government to boost food security by financing large-scale farmers

Paul MurungiCompany NewsNews & AnalysisDecember 20, 2024December 20, 2024

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…

Meet Godfrey Kamau and Gift Shoko, the two men sent by Equity Group to sanitise and stabilise the rocky Equity Bank Uganda ship

Muhereza KyamuteteraBusiness & MarketsCompany NewsThe Big StoryDecember 19, 2024December 19, 2024

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…

David Wandera appointed Interim Managing Director of Absa Bank Uganda

Brian EmorutBusiness & MarketsCompany NewsNews & AnalysisThe Big StoryDecember 16, 2024December 16, 2024

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…

PSFU Recognizes Uganda Baati’s Community Initiatives

Brian EmorutBusiness & MarketsCompany NewsNews & AnalysisDecember 16, 2024December 16, 2024

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…

dfcu Bank partners with PSFU to empower Uganda’s next generation of entrepreneurs

Brian EmorutBusiness & MarketsCompany NewsNews & AnalysisDecember 13, 2024December 13, 2024

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…

How a dfcu GROW Loan transformed a Hoima farmer’s business and livelihood

Brian EmorutBanking & Financial ServicesCompany NewsNews & AnalysisWomen In LeadershipDecember 13, 2024December 13, 2024

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…

dfcu Bank partners with UWEAL for the Annual Women Business Leadership Conference 2024

Brian EmorutBanking & Financial ServicesCompany NewsNews & AnalysisWomen In LeadershipDecember 13, 2024December 13, 2024

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…

Capital Markets Authority clears buyers to invest in Buildnet’s multi-billion Waterfront Hotel Apartments Munyonyo project

Brian EmorutCompany NewsNews & AnalysisReal Estate & ConstructionThe Big StoryDecember 12, 2024December 12, 2024

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…