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…
Uganda Breweries Limited has appointed Catherine W. Ndugu as its new Marketing and Innovations Director. Catherine has been in an acting role in the same position, having taken over from Emmy Hashakimana who got reassigned to a Commercial Director role. She took on the substantive role effective 1st February 2024. “We are thrilled to announce Catherine Ndungu as the newly appointed Marketing & Innovations Director, Uganda Breweries, effective 1st February 2024,” the company announced in a public statement. “She has consistently demonstrated exceptional dedication, leadership, creativity, and discipline in operations management and controls during her tenure. Before this, Catherine has…
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Airtel Uganda, the second largest telco, on March 4th, released its very first post-listing results, showing that for the first time in five years since 2019, it made an 8.8% drop in net profit⏤ from UGX 326 billion in 2022 to UGX 297 billion at the end of 2023. This is UGX160 billion short of the UGX457 billion the company promised prospective IPO investors during its listing drive in late 2023. This 8.8% drop, the company, said was ” impacted by an increase in the site running costs due to an increase in rental and energy costs on the additional…
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Johnnie Walker Uganda has launched a new groundbreaking mentorship program dubbed; She Walks. Crafted exclusively for women, this campaign aims to amplify stories of resilience, purpose, and progress, inspiring women to navigate their paths with confidence in a world still evolving toward inclusivity. She Walks, is a mentorship program created exclusively for women by Johnnie Walker Uganda. The program is set to bring together different women in an interactive, fun and immersive Johnnie Walker experience focused on sharing ideas and mentorships. Sessions will include topics on Women & Entrepreneurship, Women in Technology, Women in Leadership, Women in Politics, Women in…
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‘’Why are we using Sheebah as a brand ambassador?’’ ‘’The entire marketing budget should be given to Uncle Mo. He can achieve more than all these billboards and adverts they are wasting money on.’’ ‘’Do we even have the right marketing people? They speak good English, but we don’t feel their impact in the market’’. Marketers in every organisation are bombarded with such sentiments as everybody believes they know what it takes to execute excellent marketing. Daniel Ogong, the Head of Marketing at Stanbic Bank, says the only sure way marketers can insulate themselves against such corporate shenanigans is to…
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Absa Group reported a resilient set of results for 2023, delivered in an operating environment that was weaker than expected, particularly in South Africa where continued electricity supply disruptions, supply chain logistic issues, and sticky inflation along with a higher interest rate environment weighed on growth prospects for customers and clients alike. However, the Africa regions reported very strong growth, well ahead of South Africa. Within this context, normalised headline earnings increased by 1% as pre-provision growth of 6% reflected continued momentum in the business, offset by higher credit impairments, particularly in South Africa, Absa’s largest market by revenue. Strong…
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The development and construction of Centenary Technology Services’s Tier 3 Green Data Center is on schedule and will be completed by the end of 2025, the tech subsidiary of the Centenary Group has said. The project is one of the centrepieces in the tech company’s bid to position itself as a choice ICT solutions company, that delivers innovation that enables and inspires growth. The project has also been positioned by the developer as part of the much-needed tech infrastructure to enhance Uganda’s digital capabilities but also minimise environmental impact through the adoption of renewable energy sources and energy-efficient technologies. …
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On Tuesday 4th October 2022 in a press conference to introduce Sylvia Mulinge, as MTN Uganda’s new Chief Executive Officer, Charles Mbiire, the MTN Uganda Board Chairman and 3rd largest shareholder assured customers, staff, shareholders and other stakeholders that with Sylvia Mulinge, the telco was in “capable hands”. He told the media that the board was “very confident” in Ms. Mulinge’s “passion for transforming customers’ lives, leadership, and women empowerment using technology” and they were banking on this possession for the telco’s “accelerated growth and the positioning of MTN for greater relevance ahead”. “I would like to reassure all our…
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Uganda Breweries Limited (UBL) represented by their Corporate Relations, Public Policy and Regulatory Affairs Manager Jackie Tahakanizibwa has been elected to chair the Uganda Alcohol Industry Association (UAIA) for three years. This was during the 2024 Annual General Meeting (AGM) of the association that took place at Kati Kati Restaurant on Wednesday 6th March 2024. During the meeting, Ms. Tahakanizibwa was voted as the incoming Chairperson of the association to be deputised by Emmanuel Njuki, the Legal and Corporate Affairs Head at Nile Breweries Limited (NBL). Before that, Tahakanizibwa had been serving the association as Secretary General when the Chairperson…
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Kenneth Onyango, the Equity Bank Executive Director of Commercial Banking, has stepped down. He has been with the bank for nearly 8 years serving as Head of Risk, Head of Operations and Head of Business, before being elevated to head Commercial Bank as an Executive Director. His resignation takes place around the same time the bank has admitted to possible digital lending fraud. A couple of other bank staff are also being investigated over the matter. According to our sources, we understand up to UGX65 billion was lent out to undeserving clients who either didn’t qualify or did not put…
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Meera Investment Limited’s project to construct 360 high-end serviced apartments at Kabira Country Club has entered into its final phase. With structural works nearing completion, the project is now entering “the finishing phase” according to Dr. Sudhir Ruparelia, the Chairman and Founder of Ruparelia Group. Project construction started in August 2019. Meera Investments is a subsidiary of the Group. Founded in 1994, and part of billionaire businessman Sudhir Ruparelia’s Ruparelia Group, Meera Investments Limited has emerged as Uganda’s largest developer and provider of high-quality, and sustainable retail, office, industrial and residential real estate infrastructure. Located just next to Kabira Country…
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