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…
Old boys from his high school and university days do shudder when they see him draped in immaculate suits and neckties. He is supposed to be wearing overalls and helmets, not business suits. Having graduated as a chemical engineer, Eliud Abasa Omwoha was supposed to have a successful career in some factories somewhere around the world, designing and developing processes for transforming raw materials into products⏤ he holds a Bachelor of Technology in Chemical and Process Engineering from Kenya’s Moi University. However, he’s now a top-notch procurement and supply chain professional – something that was not even in his dreams as…
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Stanbic Uganda Holdings Limited (SUHL) has donated vital medical equipment and consumables worth UGX 30 million to the maternity ward of Naguru Hospital, also known as China-Uganda Friendship Hospital. The donated equipment includes a modern operating table, adjustable delivery beds, examination couches, and mama kits; all aimed at enhancing maternal healthcare services and improving the well-being of mothers and infants. Stanbic Uganda Holdings Chief Executive, Francis Karuhanga, emphasised the importance of investing in maternal healthcare and commended Naguru hospital staff for their efforts despite facing challenges. Dr Emmanuel Tugaineyo, Hospital Director, expressed gratitude to Stanbic for their support, stating that…
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Nakasero Hospital, one of Uganda’s leading private healthcare providers has tapped Mulangira Geofrey to head its people function. Geofrey, has until his latest appointment, been the Human Resources Manager for Mengo Hospital- a member healthcare facility of the Uganda Protestant Medical Bureau (UPMB). He also served on the UPMB Executive Management Committee. UPMB is a faith-based national umbrella organization of all health facilities of the Protestant churches in Uganda. At a vital time when Nakasero Hospital is expanding both physically and in its services portfolio, he brings on board 17 years of working experience, 12 of them in senior leadership…
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PostBank Uganda has appointed Ibrahim Kato as the Chief Retail Officer. In this new role, Kato will be responsible for the formation and execution of the Bank’s business growth strategy across distribution channels, Fintech Business, Sales, and Bancassurance. Kato is credited for undertaking numerous initiatives and transformations that have significantly contributed to the growth of the Bank’s balance sheet and profitability, as well as its drive for financial inclusion. He is also credited with nurturing a high-performance culture that has greatly impacted overall team performance across the board. His career in banking spans over 15 years, working for both international…
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In a move poised to transform Uganda’s investment landscape, SBG Securities, a subsidiary of Stanbic Uganda Holdings Limited, has launched the Stanbic Unit Trust (SUT), an innovative investment vehicle that empowers Ugandans to pool their resources, leveraging professional fund management to generate favourable returns. SBG Securities is a listed entity on the Uganda Stock Exchange (USE) operating four other businesses including Stanbic Bank Uganda, Stanbic Properties Uganda, Stanbic Business Incubator and FlyHub. SBG Securities Chief Executive Grace Semakula said the Stanbic Unit Trust will accommodate various investment goals and needs, offering three distinct funds including Money Market Fund (short-term), Bond…
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dfcu Bank marked its 60th anniversary at a grand gala, celebrating six decades of operation and impactful service towards fulfilling its purpose of ‘Transforming Lives and Businesses. The Diamond anniversary event, hosted at Mestil Hotel, Kampala, brought together distinguished guests, including government officials, business leaders, clients, and partners, to commemorate the Bank’s remarkable journey and legacy in Uganda. The night was marked by impact stories of businesses that have been transformed through their partnership with dfcu Bank and stories of the deep-rooted legacy that the Bank has entrenched in Uganda. Having started as a development finance institution in 1964, the…
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Absa Group Ltd has concluded further agreements with the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, freeing up additional financial capacity for investments in Pan-African climate finance projects. In 2019, MIGA issued capital guarantees worth USD 497 million to Absa Group in support of managing certain climate risks in countries including Ghana, Kenya, Mauritius, Mozambique, Seychelles, Uganda, and Zambia. Absa was the first African banking group to enter into this type of guarantee transaction with MIGA. The guarantees help Absa to provide additional financing to its subsidiaries in the participating markets, supporting lending and growth….
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Following the national budget reading for the financial year 2024/2025, Equity Bank Uganda has launched an initiative to support regional small and medium enterprises (SMEs). Dubbed Tupange Business Ne Equity, the initiative aims to address SME challenges and provide support in crucial areas such as credit, innovation, and market access. The Bank’s efforts to translate the complex national budget into actionable opportunities for SMEs is a significant part of this initiative. The Bank began its stakeholder engagement on June 19th in Kampala and subsequent sessions have been held in Jinja, Soroti, Lira with future sessions planned for Mbarara and Luwero….
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In Uganda, where economic stability is often precarious, the need for a strong culture of saving and insurance is more critical than ever. However, the uptake of insurance products remains significantly low compared to neighbouring countries. The Government is being called upon to put in place policy and regulatory incentives that will make insurance more attractive for Ugandans and boost the saving culture. This was highlighted by Mr. Sumit Kumar, the CEO of Jubilee Life Insurance Uganda, at the recent launch of the Jubilee Smart Save Plan. During the event, Kumar and other industry leaders called for greater government intervention…
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The Confederation of Uganda Tourism Associations, at its 7th Annual General Meeting held on 20th June 2024 voted into office, a new Board composed of nine members including the President, Vice President, General Secretary and Treasurer. COUTA is the umbrella association that brings together all tourism associations in Uganda. It exists to build a professional build a professional, competitive, thriving and inclusive tourism sector for our member organisations, and sustainably contribute to the National Development Goals Uganda. The new president is Yewagnesh Biriggwa (Yogi) who replaces Herbert Byaruhanga. She will be deputised by Isa Kato as Vice President, while the…
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