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…
As dfcu Bank celebrates 60 years of transforming lives and businesses in Uganda, the Bank’s commitment to creating a positive impact remains unwavering. dfcu recently announced its Sector Specialisation strategy, aimed at serving the unique needs of their wide client base. One of these is the Bank’s Manufacturing Sector, which works to understand the requirements and meet the requirements of customers across the country. Joan Kaagaza, the Sector Head of Manufacturing at dfcu Bank explains how the bank’s strategies are driving the growth of individuals and companies and contributing to Uganda’s economic transformation. Q1: In what ways does dfcu Bank…
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The Financial Sector Deepening Uganda Board, has in the interim, appointed Ms. Sarah Byabazaire, the current Chief Operating Officer (COO), to assume the role of Acting Executive Director. Ms Byabazaire takes over from Patrick Oketa following the conclusion of his contract on June 15, 2024. “The priorities and values of the organisation remain unchanged. We are counting on your usual support to Ms Byabazaire and the rest of the FSD Uganda team during this time and beyond in our quest to improve the financial sector. We are confident that she will capably hold down the fort during this period,” a…
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The Board of Centenary Bank in Malawi has appointed Mr. Godfrey Byekwaso as the Acting Managing Director of Centenary Bank Limited, effective June 19, 2024. This follows the retirement of Mrs. Zandile Shaba who has been the Managing Director of Centenary Bank from 2017 to 2024. Centenary Bank Malawi is a subsidiary of Uganda’s Centenary Group, which also owns Uganda’s second-largest bank- Centenary Bank as well as Centenary Technology Services (CenteTech). Mr. Godfrey Byekwaso has been Deputy Managing Director of Centenary Bank Limited and according to a statement by the bank, “brings over 26 years of progressive experience in banking…
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Since its establishment in 2018, the dfcu’s Agribusiness Development Centre (ADC) has been at the helm of transforming the landscape of agribusiness in Uganda by making sure that farmer organisations and individuals in agribusiness are self-sufficient. Through Agribusiness centre’s comprehensive business development programs, the centre has helped over 800 enterprises and 27,00 smallholder farms to increase their productivity, access to markets and also mitigate risks in their business. With its focus on gender and youth empowerment, the centre has produced remarkable results with an average of 50% trained youth and women going on to assume management positions. This has increased…
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In a landscape where businesses often come and go within a short spell, a few construction companies stand the test of time, serving as beacons of stability and endurance amidst the ever-changing tides of the industry. HL Construction Limited stands as a testament to longevity and resilience. Since its establishment in 1986, the company has maintained a steadfast presence in the industry, earning a reputation as one of the enduring players in the field. Situated in Nakawa Industrial Area, the establishment has weathered the ebbs and flows of the market, consistently delivering quality projects and contributing to the sector’s growth…
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In an interview with Muhereza Kyamutetera, the CEO East Africa Magazine’s Executive Editor, Robin Bairstow, the I&M Bank Uganda Chief Executive Officer, confirms that two and a half years later, these promises have been delivered, creating a solid foundation on which a vibrant and digital-first sturdy future is being built. Q: For starters, for those who don’t know you well, talk about yourself and your management style. A: I am a banking executive with three decades of experience across three continents. I’ve been able to mix and immerse myself in several diverse cultures, which has always been something that I’ve…
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In today’s fast paced world, financial stability and achieving one’s goals go hand in hand. Every now and again, we need an extra boost, and personal loans can be a powerful financial tool when used wisely. In this article, Madina Nalubiri, Ag. Senior Manager – Pinnacle Banking at dfcu Bank identifies and breaks down five ways in which you can achieve more with personal loans. A personal loan can make you more money if invested wisely. Personal loans avail lump sums of money that if invested in strategic investments can generate passive income and accelerate wealth accumulation. With proper research…
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9th October 1962 – in a highly anticipated ceremony, the official flag for Uganda was hoisted, to signify the end of colonial rule and the start of a new era of Independence for the country. Uganda had been a British Protectorate from 1984 and on the same day, the Union Jack, the national flag of the United Kingdom was lowered. Two years after the historic National Independence Day, dfcu Limited opened its doors. Originally, it was set up as a development finance institution by the UK’s Colonial (later Commonwealth) Development Corporation (CDC) and the Government of Uganda. Six decades and…
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The Buganda Kingdom Premier- Katikkiro Charles Peter Mayiga, has in an official congratulatory message, hailed I&M Bank Uganda as one of Buganda Kingdom’s key partners for community welfare and social development, ahead of the Bank’s 50-year celebrations. For the past two years, I&M Bank has partnered with the Kabaka Birthday Run, which also doubles as a campaign to raise funds and awareness for the fight against non-communicable diseases, especially HIV/AIDS. This year, the bank committed Shs200m towards the event that happened in April, and was attended by thousands of participants across the globe. I&M Bank also reaffirmed its dedication to…
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Stanbic Bank’s FlexiPay, a leading digital payment platform in Uganda, has partnered with Upesi Money Transfer, a regional payments company, to enable Ugandans to send and receive money from abroad with ease. FlexiPay’s strong presence in the local market and Upesi’s extensive regional and global network is set to be a game changer in enabling faster cross-border money transfers and offer more convenience without making unnecessary queues in banking halls. The collaboration signed on Friday 14th, just a day to the International Money Remittances Day, comes as a beacon of joy for individuals and businesses in Uganda who rely on…
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