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…
Standard Chartered Bank has today launched the 7th edition of its famous Standard Chartered Cup – futsal tournament at a press conference held at its Headquarters at Speke Road. The international 5 aside football tournament that is hinged on the Bank’s Liverpool FC sponsorship, and was won by Steel & Tube Industries Ltd last year, will once again offer football fans a ‘Money Can’t Buy’ opportunity to travel to the UK to attend an English Premier League match. The 7th edition winners will get an opportunity to watch the highly contested Liverpool Vs. Arsenal Match which is scheduled to take…
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PostBank Uganda, whose purpose is to foster prosperity for Ugandans has teamed up with Uganda Red Cross Society to extend ongoing humanitarian support to the Kiteezi community. The bank yesterday handed over relief items such as mattresses and blankets to over 100 affected people to support the community as they navigate through the recent occurrence where some homes were destroyed by the collapse of the Kiteezi landfill. This is part of the response efforts towards supporting the families that were affected by the collapse of the Kiteezi Landfill off Gayaza road in Wakiso District. Since 10th August 2024, when the…
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113 Equity Leadership Program scholars have secured admission and scholarships to join 71 global universities located in 22 countries around the world. Equity Group Foundation (EGF) Executive Chairman Dr. James Mwangi commissioned the airlift of the 113 scholars drawn from the Equity Leaders Program in four countries – Kenya (82), Rwanda (21), Uganda (8) and the Democratic Republic of Congo (DRC) (2). The scholars have secured scholarships valued at Ksh 2.7 billion (USD 21 million) for the 4-year duration of their undergraduate studies, and each scholar will receive an airlift token of Kshs. 200,000 to support their transition into the…
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Advertisers, Marketers unveil 3rd edition of the annual industry Silverback Awards Uganda Advertising Association (UAA) in partnership with Loeries and the Uganda Marketers Society (UMS) have officially unveiled the 3rd edition of the Silverback Awards 2024 to be held on Saturday, 23rd November 2024 under the theme, ‘Innovative Sustainable Marketing: Harnessing Ethics, Impact, and Profitability in the Digital Age.’ The theme underscores the critical role of ethical advertising and marketing practices to not only drive profitability, but also have a positive impact on society and the environment. As the digital landscape continues to evolve, this theme invites participants to explore…
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MTN Uganda successfully concluded its 2024 Supplier Forum, held yesterday, at the MTN Head Offices in Kampala. The event, themed, “Building Tomorrow’s Supply Chain Today,” brought together over 300 MTN Uganda vendors and partners, aiming to unlock innovation and growth potential through technology and partnership synergies. MTN Uganda’s Supplier Forum is a key event in the company’s calendar, designed to bring together vendors and partners to discuss the future of supply chain management in the industry, every other year. Building on the success of the inaugural forum in 2022, which hosted over 300 vendors, this year’s event focused on creating…
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Kampala, Uganda, August 8, 2024 – GardaWorld Security (“GardaWorld”), a global champion in security services, integrated risk management and cash solutions, has rebranded its Ugandan operations from KK Security to GardaWorld Security. For over 28 years, KK Security which has been Uganda’s trusted partner for security services, was acquired by GardaWorld in 2016, but continued operating under the KK Security brand until today, when it has seamlessly been integrated into the global GardaWorld Security brand. “This milestone marks a significant step forward in the company’s expansion strategy across Africa. With a dedicated workforce of over 3,000 security professionals, GardaWorld in…
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Equity Bank Uganda has extended its support worth UGX 10 million towards the Watoto Golf Tournament set to happen this Saturday, August 10th 2024, at the Uganda Golf Club. Organised by Watoto Church Uganda, the tournament is part of the 40th Anniversary celebrations and seeks to raise resources to upskill learners and equip Hope Vocational and Technical Institute. The proceeds will go towards equipping the different departments with the necessary vocational training tools and resources needed to facilitate learning of up to 1,400 students. Equity Bank Managing Director, Anthony Kituuka highlighted Equity Bank’s partnership and sponsorship, as this demonstrates the…
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Jumia Technologies AG, Africa’s e-commerce giant, has reported its financial performance for the second quarter of 2024, revealing a complex interplay of challenges and strategic responses. The company’s revenue for Q2 2024 stood at $36.5 million, marking a significant decline of 25% from the previous quarter and 17% from the same period last year. This downturn is reflective of broader economic challenges, particularly currency devaluations in key markets like Nigeria and Egypt, which have adversely impacted both purchasing power and operational stability. Financial Performance Overview. Jumia’s Gross Merchandise Value (GMV) also showed a decline, falling to $170.1 million in Q2…
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dfcu Bank’s CEO and leadership team have successfully concluded a series of customer engagement sessions in the Northern region of Uganda in the districts of Lira, Kitgum, Dokolo, Arua, Abim, Pader and Gulu. These engagements were part of dfcu Bank’s 60th anniversary celebrations and also dfcu Bank’s broader commitment to continue supporting economic development and fostering financial inclusion across Uganda. While visiting the Abim District Local Government office; the local leadership noted the bank’s pivotal role in transforming the lives of the residents through the Parish Development Model (PDM). As the only bank in Abim district, dfcu Bank has been…
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Fresh from securing a silver medal for Uganda at the Pan African Robotics Championship in Dakar, Senegal, Young Engineers Uganda, a pioneering STEM education program for children aged 4-17, has received a significant boost in the form of VEX Robotics Kits valued at $10,000. This generous donation was made by Baxter Pittman, a serviceman in the US Army. The Young Engineers programme is run by the African School of Innovations, Science, and Technology (ASIST) Limited founded by journalist Arinaitwe Rugyendo in 2016. He founded it to inspire the next generation of Ugandan scientists and problem solvers through a LEGO and…
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