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…
Anne Juuko’s elevation from Stanbic Uganda’s Chief Executive role to Global Markets, Regional Head for East Africa, which CEO East Africa Magazine broke days ago has now been confirmed. On February 23 2024, this magazine broke the story that following her impressive performance and given her rich experience in the global markets business, Juuko had been elevated to a regional role. In a public announcement, Patrick Mweheire, the Standard Bank Regional Chief Executive for East Africa, under whose docket Uganda falls, told staff that “Anne Juuko has been appointed to a new leadership role as Global Markets, Regional Head for…
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Patrick Ssekidde is a Senior Specialist- Economics/Statistics with the Office of the Auditor General, which is the Supreme Audit Institution of Uganda charged with promoting good governance, transparency and effective accountability in the management and use of public resources. As an Economist, his role involves contributing towards the improvement of Public Financial Management systems within Uganda and the African region specifically the AFROSAI-E community by using economic research, social science methods, statistical analysis, audit approaches, management experience, and other relevant skills, knowledge and experience to improve public service delivery. Patrick is a Chartered Economist (ChE) a fellow of the Global…
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VAAL Real Estate a Turkish/Egyptian-owned all-round luxury real estate company with a presence in Kenya, United Kingdom, Ghana and Turkey has made a grand entry into the Ugandan market with its Cadenza Residences⏤ an iconic 24-storeyed homes project in the upscale Kampala neighbourhood of Nakasero. The project was unveiled to select guests and A-listers at the Kampala Serena Hotel on Wednesday, March 28th 2024. The function was graced by among others David Bahati, the Minister of State for Industry in the Ministry of Trade, Industry and Cooperatives; Mr. Islam Mohammed, the VAAL Uganda CEO; and Majeed Saad, CEO of VAAL…
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Stanbic Uganda Holdings Limited (SUHL) has appointed Grace Semakula as the new Chief Executive for SBG Securities Uganda Limited (SBGS) and by virtue of that position, an Executive Director on the company Board, effective March 1, 2024. The appointment is subject to regulatory approval. Semakula who was previously with power distributor, Umeme Limited, replaces Joram Ongura—the SBG Securities founding Chief Executive who left the role in May 2023. “He has a wealth of expertise and experience spanning nearly 20 years of practice in the sectors of Asset Management, Brokerage and Energy & Infrastructure, 12 of which have been at the…
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Watoto, probably one of Uganda’s most trusted and respected non-profit organisations, in 2022 turned over UGX56.5 billion. The Watoto earned UGX53.2 billion from its mainstream activities – a 1% increase from UGX52.9 billion in 2021. Of this, UGX50.2 billion were donations from all over the world. It also earned UGX3.3 billion⏤ 18% more than the UGX2.8 billion in 2021, as net finance income- from its fixed income and other investments. Even though Watoto reduced its admin expenses by 15%, from UGX5.4 billion to UGX4.6 billion, an increase in operating expenses⏤operating expenses increased by 9% from UGX51.3 billion to UGX55.7…
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In partnership with the Buganda Kingdom, Airtel Uganda has announced the launch of the 11th edition of the highly anticipated Kabaka Birthday Run. Since its debut over 10 years ago, the Kabaka Birthday Run has become a hallmark event on Airtel Uganda and the country’s annual calendar in celebration of the Kabaka of Buganda, Ronald Muwenda Mutebi II, birthday which champions noble causes that resonate with the community. Just like the previous year, this year’s theme, “Ending HIV/AIDs by 2030”, reflects the collective efforts to fight one of the most pressing global health challenges. Airtel Uganda Managing Director, Manoj Murali,…
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I&M Bank has for the second year running confirmed its sponsorship of the Kabaka Birthday Run slated for April 7th 2024 in Kampala. The Run is an annual event in support of the fight against HIV/AIDS. Since its inception in 2013, the Kabaka Birthday Run has helped raise awareness and funds to tackle different diseases, namely; Fistula and Sickle Cell Disease. Last year saw the initiative focus on the fight against HIV/AIDS with the appointment of His Majesty Kabaka Ronald Muwenda Mutebi II as United Nations Programme on HIV and AIDS (UNAIDS) Goodwill Ambassador, for Ending AIDS among men in…
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In just four months after its launch, PostBank Uganda’s digital wallet, Wendi has hit a record UGX200 billion in payments to over 200,000 Parish Development Model (PDM) beneficiaries countrywide. According to statistics released by the company, this record has been facilitated by Wendi’s robust network of PostBank payment platforms as well as those of its bank partners and mobile money companies. “Since its launch in November 2023, Wendi has onboarded more than 430,000 subscribers and over 2,000 agents countrywide. These agents are complemented by the numerous touchpoints of our partners; MTN Uganda and Airtel Uganda, who have over 250,000 agents…
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I&M Bank Uganda has taken a major step in its digital transformation journey by upgrading its Core Banking System to Finacle, a more robust and versatile application. The move, which comes at a time when the regional financial services provider is preparing to celebrate fifty years as a leader in the banking sector, will enhance efficiency and service delivery thus improving customer experience, the bank’s top executives have said. “The new system is tried and tested in over 100 countries, serving approximately 1.5 billion customers and processing transactions across over a billion accounts globally,” the bank said in a statement….
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Absa Bank Uganda has flagged off the 10 golfers from Uganda who will be taking part in the Pro-Am event of the 2024 Magical Kenya Open. The tournament starts next week, from the 21st to 25th February at the Muthaiga Golf Club in Nairobi, Kenya. The team of 1 professional and 9 amateurs emerged as the best performers during the Absa-sponsored Pro-Am tournament of the 2023 Uganda Golf Open. The bank will cater for the flights and accommodation of the qualifying amateurs and some of its clients, while the professional will receive a total contribution of USD 4,745 to cover…
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