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…
A day after celebrating their golden jubilee in June this year, I&M Bank Uganda announced a UGX 20 million donation, towards supporting the caddies and course maintenance staff of Entebbe Club. This announcement was made during the second edition of the I&M Bank Katogo Golf Series, and the donation was to support the school-going caddies, to help them stay in school, as well as the children of the caretakers of the course, who are mostly women. During the third edition of the series held on Saturday, September 28, 2024, the Series custodians revealed that the money had been received in…
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The Uganda Tourism Association (UTA) President, Mrs. Yogi Biriggwa, has urged the government and development partners to direct more efforts and resources to accelerate post-pandemic tourism sector recovery. In a World Tourism Day 2024 speech delivered on her behalf by Mr Isa Kato, the Vice President, Yogi said that while there had been a near-full recovery of pre-pandemic figures, more investments were needed to meet the funding targets envisaged in the National Development Plan (NDP) III. According to the latest figures, international tourist receipts grew by 48.5% in 2023, from UGX.2.7 trillion in 2022 to UGX. 3.8 trillion (USD 1.01…
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How is Housing Finance Bank leveraging digitization to enhance customer experience?At Housing Finance Bank, digitization is at the core of our strategy to improve customer experience. We have introduced user-friendly digital solutions that allow our customers to access services conveniently, 24/7. For instance, customers can now open an account with us remotely without necessarily coming to a banking hall. Our HFB Mobile Banking App enables customers to monitor transactional activities on their portfolio of accounts with the Bank in real time, transfer money to accounts within Housing Finance Bank or to other Banks through the options of Electronic Funds Transfer…
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PostBank Uganda (PBU) in partnership with MTN Mobile Money (U) Limited (MTN MoMo) have launched Xtracash, a digital micro lending solution that is positioned to extend short term facilities to MTN mobile money subscribers. This initiative is poised to provide approximately 13 million mobile wallet holders in the country with convenient access to financial assistance. XtraCash will be accessible through MTN mobile money, a leading mobile money operator, in partnership with PostBank Uganda as the financial partner providing much needed support to customers by extending micro-loans for everyday financial needs. While launching the new service, PostBank Uganda, Managing Director, Julius…
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Cinnamon Solutions is a fintech company that digitises and automates the activities and financial records of Savings Groups, SACCOs, Investment Clubs, and VSLAs, has announced the appointment of Doreen Rutazaana as its new Chief Executive and Executive Director on the Board. The appointment is effective September 1, 2024. According to a company statement, Doreen brings over 20 years of experience in the banking industry, having worked extensively with SMEs, commercial enterprises, NGOs, and corporate institutions. “A seasoned leader, she specialises in Agribusiness, Women in Business, and Supply Chain Banking, with a proven track record in driving business growth, innovating banking…
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Six Ugandan Schools- Kitende Secondary School, Amus College, Kisubi-Mapeera Secondary School, Bweranyangi Girls Secondary School, Kasenyi Secondary School, and Jinja Senior Secondary School were named the best six performing schools, respectively swept the awards at the just-ended East African Community (EAC) Secondary Schools’ Music Dance and Drama (MDD) festival. The Festival, organised by Uganda’s Ministry of Education and Sports, attracted 158 schools from across the region to showcase their music, dance, and drama talents under the theme: “Greening Schools: Our Responsibility Towards Our Environment.” SchoolPay, the game-changing educational institutions management solution by Fincom Technologies⏤a subsidiary of Service Cops Limited, a…
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dfcu Bank has today rolled out its GROW initiative to traders in Owino, Downtown Kampala, marking a significant step forward in empowering Uganda’s women entrepreneurs. Owino, a bustling commercial hub in Kampala, is home to thousands of traders, many of whom are women striving to grow their businesses. dfcu Bank has recognized the unique challenges faced by these women and through GROW, is offering a tailored financial solution aimed at supporting women traders who are eager to expand their businesses. dfcu Bank’s Executive Director and Chief Financial Officer, Kate K. Kiiza, highlighted the critical role that women entrepreneurs play in…
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I&M Bank Uganda has donated 16 full sets of computers to Masheruka Girls’ Secondary School, in a bid to boost students’ access to technology and ease learning. The official handover took place on Friday, September 20th, at the school, located in Masheruka Town Council, along the Kabwohe–Buhweju Road, in Sheema District. The I&M Bank delegation led by CEO Robin Bairstow, and the bank’s Chief Business Officer- Edward Gibson Nangon and Head of Marketing and Corporate Affairs- Annette Nakiyaga, handed over the computers to the school administration, highlighting the bank’s commitment towards bettering education in Uganda. “This donation is part of…
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On Tuesday 17th September 2024, Evolve Africa, a renowned marketing outfit unveiled the inaugural Evolve Marketing Council. Evolve Africa is the brains behind events and campaigns like the annual Uganda Marketing Excellence Awards (UMEAS), Marketer Magazine, Women in Marketing Honors, Top 50 Marketers list, Top Campaigns of the month, and Marketer of the month among others. According to Shafick Ssemakula, the Evolve Marketing Council comprises respected members in the marketing, Public Relations, and communications sector. A council of six renowned industry professionals have been appointed. These were selected based on leadership and contribution towards the marketing profession/brands, that demonstrated work…
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Flex Money Group, one of Africa’s leading money remittance providers, has acquired Forex and International Money Remittance licenses in Uganda. Operating under the brand InstaRemit, the company opened its first customer engagement centre at Crown House, Kampala Road. This milestone marks a pivotal moment in the group’s regional expansion. With Uganda ranking among Africa’s largest recipients of remittances, Flex Money Group’s presence is set to transform cross-border transactions by improving the speed, security, and overall customer experience for Ugandans locally and abroad. The group’s omnichannel strategy, combining physical branches with advanced digital cross-border payment solutions, is designed to cater to…
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