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…
Stanbic Bank Uganda Limited has been recognized by the National Environment Management Authority (NEMA) for its proactive efforts to promote environmental protection and preservation through adoption of innovative technologies and implementation of afforestation initiatives. This was during the National Sustainability Awards 2024 at the Sheraton Kampala Hotel, held under the theme ‘Promoting Innovative Technologies for Environmental Conservation’. The country’s biggest financial institution was hailed for its innovative approaches to reducing its environmental footprint and promoting eco-friendly practices. Speaking on behalf of the bank, Cathy Adengo, Head of Sustainability Adengo noted that, Stanbic has partnered with the Government through the Ministry…
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Billionaire Ugandan businessman, Dr. Sudhir Ruparelia who has made a USD1 billion fortune investing in Uganda since the 1980s, will be a keynote speaker at this year’s, 14th UK-Uganda Annual Trade Investment Summit, 2024. He will be speaking about how to unlock the various business opportunities in Uganda and how to unlock them. This year’s event shall take place on the 6th of September 2024 at The Mayfair Hotel, London under the theme: “Accelerating Growth Through Partnerships for Global Market Expansion in East Africa”. Other notable speakers from Uganda include Hon Matia Kasaija, Minister of Finance, Planning and Economic Development,…
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When refugees settle in a host country; they want to start a new life, be self-sufficient and contribute to their communities. However, building a new life is filled with challenges especially if it means starting a business. They may find themselves cut off from credit and investment—and from other products and services that are so critically important, which becomes a limitation to building a better life.In the expansive Nakivale Refugee Settlement in South Western Uganda, Equity Bank has been experimenting with a bold approach that is charting a new course for supporting displaced people through micro-credit and micro-enterprises.Uganda being host…
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Of this, MTN Mobile Money (U) Limited (MTN MoMo) the fintech subsidiary of MTN Uganda, Uganda’s largest telco commanded a lofty market share of 12.36 million active customers (56% market share). MTN MoMo also commands a larger share of agents, value of transactions and agents as well. But even with market dominance, Richard Yego, the fintech’s Chief Executive Officer believes that they are yet to maximise their full purpose⏤ Everybody deserves the benefits of a modern connected but also financially inclusive life. “We are hungry for more,” he says. To fully deliver on the business goals of “creating a marketplace…
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Ecobank has launched its new Consumer Banking solutions promotion dubbed, “KUBA DABO DABO,” which translates to “Double Your Benefits”. The promotion allows customers applying for a Personal Loan to also get a Salary Advance that can be availed instantly once they dial *235#. The promotion also has an option for customers to take up a Home Loan and Personal loan combo at very competitive rates. For clients wishing to invest their money in local bonds, they can do so and borrow against their investment for smaller short-term needs. The campaign is designed to empower individuals and transform their lives through…
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Stephanie Urchick, member of the Rotary Club of McMurray, Pennsylvania, USA, has become the second woman to take office as president of Rotary International on 1st, July 2024. During her one-year term, Stephanie will lead the 119-year-old membership service organization in adapting for future success as Rotary’s 1.4 million members around the world develop and implement sustainable, community-driven projects that fight disease, promote peace, provide clean water, support education, save mothers and children, grow local economies, and protect the environment. More than USD 5.5 billion has been awarded through The Rotary Foundation—Rotary’s charitable arm that helps clubs work together to perform meaningful, impactful…
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Children’s Rights and Violence Prevention Fund (CRVPF), and gnuGrid CRB, in partnership with the Mastercard Foundation, have extended their partnership for the Empowering Youth Through Data and Community Development (EYDCD) program. The EYDCD program will provide market-relevant skills, business development resources, and digital financial inclusion to empower young people. Building on the success of the Youth and Capacity Development (YCD) program (2020-2023), this expanded effort aims to reach 400,000 young people in Uganda (70% female) and create 250,000 dignified and fulfilling employment opportunities by 2028. The YCD program, implemented by CRVPF and in partnership with the Mastercard Foundation, reached 187,000…
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On Friday night, Johnnie Walker Uganda honoured the women of the fourth estate at the brand’s first-ever She Walks Sip Over event. The event that was hosted at Next Media Park, was a beautiful intimate evening dedicated to celebrating and highlighting the resilient women in media. Hosted by Next Media’s Racheal Thondu Mugisha, the event attracted women from various media sectors, including radio, television, print, and digital media, with podcasters and influencers also in attendance. The gathering focused on discussions about resilience, the importance of impact, and self-care. Thondu, who also served as the keynote speaker, emphasized the crucial role…
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2191 women started their journey to financial independence and growth through the Enterprise Development and Financial Inclusion last year, bringing to over 100,000 women and youth who have gone through the program since inception two years ago. Many have expanded their businesses, diversified and improved their personal and family welfare because of being intentional in their wealth creation. Many of the financial literacy graduates continue to hold other women’s hands, empowering and uplifting them in their various groups and communities. Sylvia Akankwasa from Arua, Rebecca Katisi and Yahala Khasifa from Mbale are some of the graduates of Enterprise Development program…
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At today’s 24th Annual General Meeting of British American Tobacco Uganda Limited (BAT Uganda) held at Sheraton Kampala Hotel, Henry Rugamba has been announced as the incoming Board Chairperson. He takes over over from Hon. Dr. Elly Karuhanga who retired from the position that he has held since 2013. At the same meeting, shareholders also approved UGX8.9 billion (UGX181 per ordinary share) as a first and final dividend for the year ended 31st December 2023. The dividend, which is in line with the Company’s 100% dividend pay-out policy, will be paid net of withholding tax on 30th July 2024 to…
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