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…
President Yoweri Museveni has officially launched the national operations of Salaam Bank in Uganda. This is as he joined the Muslim fraternity for Duwa Prayers at Kololo Independence Grounds on Wednesday, March 27. Salaam Bank Uganda, a subsidiary of a Djibouti-based bank, received the licence at the central bank late on September 8, 2023, after the Ugandan Parliament passed legislation to authorise Islamic banking, which President Yoweri Museveni signed into law in August 2034. The legislation removed the requirement to establish a “central sharia advisory council”, which the Bank of Uganda had opposed. “I welcome you Salaam Bank to Uganda….
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Stanbic Bank Uganda has, today announced the appointment of Samuel F. Mwogeza as its Interim Chief Executive, and Barbara Dokoria as Interim Executive Director effective April 1, 2024, until substantive appointments for the positions are made. In a public statement, the bank said that “the interim appointment of Mwogeza, who is currently the Executive Head of Personal and Private Banking (PPB) follows the end of Anne Juuko’s executive tour of duty at the end of this month and subsequent transition to another leadership role as Global Markets Regional Head for East Africa, effective April, 2024”. Dokoria’s interim appointment to the…
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Housing Finance Bank has recruited Seva Mendera Wamara as its Marketing Manager, effective 1st March 2024. Seva is a marketing communications professional with over 5 years of experience. She describes herself as “passionate about cultivating marketing strategies that build strong brands and contribute towards business growth”. Her key skills include corporate communications, marketing strategy development, content creation, project management, market research and data analysis. Seva has previously been the Marketing and Communications Project Manager for Wendi – PostBank’s mobile wallet. She played a pivotal role in the development and rollout of Wendi, a robust e-money platform that is a centrepiece…
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Ecobank Uganda this week launched Premier Banking, by Ecobank, its elite offering, “tailored to meet the sophisticated needs of its most esteemed clientele”. The service, according to a statement by the bank, is “designed for individuals who demand more from their banking experience—those who value exclusive benefits, personalised attention, and unparalleled convenience”. “With Premier Banking by Ecobank, you are assured of superior service, specifically tailored with you in mind, with a proposition carefully curated to support you along your financial journey and suit your lifestyle,” the bank says in the statement. Left-Right: Diana Ory Head of Cards at the Ecobank…
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I&M Group PLC has recorded a Profit After Tax of KES 13.3 billion (approximately UGX390 billion; over USD101 million) for the year ended 31st December 2023. This is a 15% increase from the KES11.6 billion in 2022. The regional financial services provider with operations in Kenya, Rwanda, Tanzania, Uganda and Mauritius, attributed the 15% growth in its profits to an increase in its operating income. During the period under review, the Group’s balance sheet and income metrics improved with the liquidity and capital ratios remaining strong. 2023 Balance sheet highlights The Group’s balance sheet grew steadily with Total Assets…
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To meet the growing demand for vehicles and equipment leasing, especially by businesses, Housing Finance Bank has called for a closer collaboration by ecosystem players such as financiers, asset vendors, independent leasing firms and insurers. This call was emphasised at the Housing Finance Bank organised Vehicle and Asset Financing (VAF) Partners’ Forum. The forum’s core objective is to share industry insights, best practices, and opportunities that can drive Uganda’s socio-economic growth and prosperity. The forum that took place yesterday, March 26th 2024 brought together various players in the VAF ecosystem such as CFAO Mobility, MAC East Africa, RentCo, SKENYA Motors,…
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In yet another solid step towards its 5-year growth and expansion strategy to become the “World’s Most Respected African Bank”, Access Bank Plc has announced that it has signed a binding agreement to acquire 100 per cent of KCB Group Plc’s shareholding in the National Bank of Kenya Limited. This is the second acquisition by Access Bank Plc in Kenya, after the 2019 purchase of Transnational Bank Limited. In a joint statement, Access and KCB Group said that the “successful completion of the transaction is subject to conditions that are customary for transactions of this nature including receipt of all…
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As part of its continued commitment to empowering and uplifting women in business across Uganda, MTN Uganda this week unveiled a group of 118 exceptional women entrepreneurs that the telco has selected as service providers under its Advancing Women Entrepreneurs (AWE) program. Launched in October last year, this initiative underscores MTN’s commitment to empowering and uplifting women in business across Uganda. The AWE program was designed to; grow the female MTN supplier base, build the capacity of women businesses through skills development as well as build sustainable business ecosystems through mentorship and coaching programs. Through a rigorous selection process following…
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Uganda Breweries Limited has appointed Patricia Kadama Anguzu as its Human Resources Director, effective 15th March 2024. She joins the Luzira-based brewer from Tugende Limited, an asset finance fintech in the transport and mobility space where she has been the Senior Human Capital Advisor and overseeing their people function in Uganda and Kenya. Before Tugende, she had a short stint at Wave Transfer Limited as the Regional People Lead. For the longest part of her career, Patricia spent 15 years with Nile Breweries Limited (2007 – 2022), holding various key roles and rising to the position of Country People Lead…
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Over 5,000 runners took part in the Absa KH3-7 Hills Run marathon that took place on Sunday 17 March 2024. The annual marathon challenges runners to traverse the length of the proverbial 7 hills that make up Kampala City. Proceeds from the run dubbed “Run Her Race” and organised by Absa Bank Uganda and Kampala Hash House Harriers (KH3) will go towards initiatives that focus on returning girls who have dropped out of school prematurely, to school as well as providing urgent menstrual hygiene support to impoverished schoolgirls who often drop out of school due to prohibitive costs of sanitary…
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