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…
Annette Kiconco, previously the Head, Public Sector Business & Commercial Clients at Stanbic Bank, has joined dfcu Bank as its Chief Retail Banking Officer effective February 2024. Annette brings to dfcu two decades of banking experience with strong attributes in business strategy formulation and development, governance, customer service excellence, and risk management. In that role she will be the executive head responsible for driving and delivering the bank’s strategy through the personal, commercial and enterprise banking segments. Prior to Stanbic Bank, Annette also worked as the Chief Business Officer at Orient Bank (now I&M Bank Uganda), where she led the…
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Ithuba Holdings RF (Pty) Ltd which in August 2023 won a 10-year license to run Uganda’s national lottery, has also been awarded a licence to run Tanzania’s national lottery. Ithuba, a black woman-owned business also runs the South African National Lottery since 2015. Quoting an Ithuba statement, South Africa’s Independent Online (IOL), an online media house, said that Ithuba hailed the deal as a “major milestone in its advancement strategy to expand its footprint in Africa” that also “further demonstrated the company’s robust growth across the continent”. “Today marks a historical milestone for us. Ithuba’s solutions, from our games to…
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Absa Bank Uganda in partnership with World Vision has commissioned a fully functional borehole and a changing room facility that will positively address menstrual hygiene challenges faced by 900 girls enrolled at Awach Primary School in Abim District. The commissioning was also preceded by special training of girls, teachers, and parents in the production of reusable sanitary pads. This is an intervention intended to promote the continued inclusion of girls in education across Karamoja sub-region, and a joint effort reflecting the commitment by both partners to support transformational and sustainable development for different communities in Uganda. Speaking at the commissioning…
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Creating an effective entrepreneurship institute in Uganda is no mean feat as Jun Shiomitsu and Joshua Pi’Rwot – both highly trained business and finance professionals, found out. The fragilities of many entrepreneurs resulting in the high mortality rate of micro, small and medium enterprises in the country, was a valuable lesson and experience that shaped and strengthened the formation of the AVODA Institute of Entrepreneurship. Global Entrepreneurship Monitor 2019/2020 ranked Uganda as one of the most entrepreneurial countries in the world with 30 percent of Ugandans starting businesses annually. In the United States of America and Japan, that figure stands…
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DHL, a global leader in the logistics industry has announced its collaboration with Absa Bank Uganda for the 2024 ‘Growing Beyond Borders’ Entrepreneurial Training Programme. The purpose of the programme is to empower Small and Medium Enterprises (SMEs) in Uganda by enhancing their understanding of the economic potential of international trade and its benefits. “SMEs tend to focus predominantly on domestic markets, neglecting lucrative opportunities for international trade. This is often due to a lack of information, and limited abilities to invest in market research, logistics, compliance, and marketing. These challenges limit SME growth and therefore this programme will enable…
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The Bank of Uganda has awarded Standard Chartered Bank, the Best Performing Primary Dealer Market Maker (PDDM)of the year for the year ending September 2023. The Primary Dealer Market Makers system was launched in 2005 to enhance the government securities market by improving liquidity, pricing efficiency, and secondary market trading activity. There are 08 banks playing this role. They are Absa, Centenary, Citi, dfcu, Equity, Housing Finance, Stanbic and Standard Chartered Bank. Citibank and Equity are the latest entrants to the PDMM system. To arrive at the best dealer, the Central Bank’s performance criteria focused on posting two-way pricing…
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Dr Sudhir Ruparelia and his wife Jyotsna Ruparelia- the billionaire couple have extended their leadership in Uganda’s real estate space with their recent acquisition of Lotis Towers in Kampala’s upscale leafy Nakasero area. The building features 5,535 sqm of lettable space. Total built up space is 8,000 sqm. “The design is a modern office facility with naturally lit and contemporary corporate environments, a generous lobby, spacious penthouse floor, and an enhanced landscape,” according to Symbion, the architects. The acquisition followed a foreclosure sale by dfcu Bank after the building’s owners Lotigo Properties Limited and M/S Ropani International Limited failed to…
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The Uganda Marketers Society has unveiled Charity Winnie Kamusiime – Asiimwe as the elected President who will equally preside over a newly inaguarated secretariat comprising other 9 directors. The new secretariat was unveiled at the Annual General Meeting (AGM) on May 4th at Hotel Africana following a competitive campaign period. Kamusiime – Asiimwe, a Chartered Marketer who has over 16 years in marketing across various sectors and one of the co-founders will lead for a tenure of upto two years until 2026 , and she succeeds David Balikuddembe, a Chartered Marketer who has been serving the society as the President…
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Agricultural Business Initiative (aBi) has unveiled its five-year business plan to drive green, inclusive economic transformation and combat the climate crisis by launching two groundbreaking programmes that renew their commitment to accessible and inclusive funding to small-holder farmers. The Green Agrifood System Programme (GRASP) under aBi Development Ltd, and Accelerating Adoption of Green and Inclusive Finance (AAGIF) under aBi Finance Ltd were launched at Speke Resort Munyonyo on Thursday, May 2. aBi Development Ltd Chief Executive Officer, Moses Nyabila said, the five-year programme will invest UGX 55.8 billion to support farmers and agribusinesses in building capacity to adapt to climate…
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In line with the bank’s ongoing transformation and realignment, dfcu Bank has tapped Doreen Byaruhanga as its new Chief Corporate and Institutional Banking Officer. According to Charles Mudiwa, the bank’s Managing Director and Chief Executive Officer, the bank has for the last year been undergoing restructuring and realignment to “reaffirm our institutional goal, clarify where we play and how we shall win, define our digital and technology priorities and show the value drivers that will enable us to achieve improved financial performance and social economic environmental impact”. The key 8 sectors the bank has chosen to play in are agriculture,…
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