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 won the award for Best Client Service Bank 2024 during a high-profile gala event during a recently hosted by the Uganda Revenue Authority (URA) in Kampala. The country’s largest financial institution and the anchor subsidiary of Stanbic Uganda Holdings Limited, was also the recipient of the ‘Innovation Award’, specifically for the impact of the FlexiPay digital platform. Sam Bulenzi, the Bank’s Head of Information said by winning the 2024 Client Service Award, it means that the bank has served URA brilliantly. Stanbic emerged as the Best Tax Appeals Tribunal in client query resolution, Top Bank in terms…
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Celebrated top city law firm Shonubi, Musoke & Co. Advocates claimed a treble of accolades this month at the first ever in-person fourth edition International Financial Law Review- IFLR Africa Awards held at Protea Hotel in the City of Johannesburg, South Africa. IFLR1000 is a leading international legal market research product specialised in ranking financial and corporate law firms and lawyers. Dr. Alan Senkatuka Shonubi, the senior partner at the Kampala law firm won the Lifetime Achievement Award for his influence on legal practice, deal making and the cross-border environment and leadership/mentorship of the next generation of lawyers. This was…
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To better fulfil its corporate purpose of transforming lives and businesses, dfcu Bank has hired Margaret Karume as its Chief Credit Officer. Margaret is a seasoned banker with over 30 years of experience. She started her three-decade banking career at Barclays Bank Kenya (now Absa Bank). She later joined NIC Bank (now NCBA Bank Group). She is well known for her leadership skills in the banking industry in Kenya and more recently in the United Republic of Tanzania, where she led the first voluntary merger between two legacy Banks giving rise to NCBA Tanzania Limited. She served on the board…
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Bob-Paul Lusembo has been appointed as BRAC Uganda Bank’s Head of Business Growth, effective May 2024. Mr. Lusembo who describes himself as an “ambitious and seasoned sales professional with the ability to develop sales potential in new market areas” was previously the Head of Savings & e-Business at Pride Microfinance. He holds nearly 20 years of financial services experience across major banking brands such as dfcu Bank, Absa Bank Uganda, Diamond Trust Bank and Pride Microfinance. “I am looking forward to providing a range of financial services responsibly to people at the base of the pyramid in Uganda,” he commented…
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dfcu Limited is celebrating 60 years of operation and impactful service towards fulfilling its purpose of ‘Transforming Lives and Businesses in Uganda’. dfcu was established in 1964 as a development finance institution and since then, has contributed to national socio-economic transformation, growing together with Uganda since her independence. Serving as an international commercial bank with a deep-rooted commitment to Uganda over the past six decades, the Bank has played a pivotal role in financing the establishment and growth of local businesses and supporting the country’s economic growth and development. With a bank network of 54 branches spread across Uganda and…
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Members of the Uganda Bankers’ Association (UBA) held their annual general meeting on the 17th May 2024 and elected Mr. Julius Kakeeto, as the Association’s new Chairman. He replaces Ms. Sarah Arapta whose two-year term of office (2021 & 2023) has elapsed. Mr. Kakeeto is the Chief Executive Officer of Post Bank Uganda and has been serving as the Vice Chairperson for two years (2021 & 2023) Other members elected on the Executive Committee of UBA are Michael Mugabi, the CEO of Housing Finance Bank as the Vice Chairman; Edgar Byamah, the CEO of KCB Bank, as the Treasurer and…
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Britam Uganda is set to transform the insurance and financial services landscape with the introduction of “My Britam,” a suite of self-service portals. The initiative was launched this week under the campaign titled ‘Take Control,’ which is designed to empower clients and partners to manage their insurance and investments independently and efficiently. Britam’s insurance portals empowers clients and its partners to take control of their travel plans by allowing them to purchase insurance, manage policies, file claims, and receive instant feedback—all through a centralized online platform. This is the first phase of a broader rollout that will soon include Motor…
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Uganda, the Pearl of Africa’s credentials as a competitive destination for Meetings, Incentives, Conferences and Exhibitions (MICE) recently received a big boost, with the addition of the state-of-the-art and built-for-purpose Speke Resort Convention Centre (SRCC). The one-of-a-kind Convention Centre features a modern and equipped-to-international-standards convention hall and gallery area that seats a combined 3,800 people. The Centre also features 12 high-end conference/breakaway meeting rooms, 2 VIP lounges and a floating restaurant that can host more than 900 guests, with extraordinary views of Africa’s largest freshwater lake⏤ Lake Victoria. Meeting spaces are equipped with cutting-edge audiovisual capabilities, high-speed internet connectivity, and…
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The Bank of Uganda has applauded the recent launch of gnuGrid CRB’s Mobile Credit Score as “a momentous occasion in the credit information sharing space” and a “pivotal moment in the financial sector, and specifically in the credit information, sharing space”. The game-changing Mobile Credit Score relies on over 400 alternative data points supplied my mobile phone companies such as client mobile financial behaviour as well as transaction volumes and frequency to create a more comprehensive and inclusive credit score for especially the financially underserved and unserved who only rely on mobile money borrowing. The Mobile Credit Score is the…
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I&M Bank Uganda yesterday donated 500 mama kits and eight emergency trolleys to St. Francis Hospital Nsambya in commemoration of this year’s Mother’s Day as a demonstration of the bank’s commitment to maternal health and women’s empowerment. The whole package donated was worth UGX 42.4 million. During the event, the bank also showcased the I&M Free SACCO Account, a new service specially crafted for women in business, an initiative which offers women entrepreneurs access to savings and loans of up to UGX100M to foster business growth, all without requiring collateral. Speaking at the medical institution, I&M Bank Uganda Chief Executive…
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