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…
TravelNeza, a Ugandan leisure holidays company has promoted Lahmuel Mukundenta to become its next Chief Executive Officer. He previously has been the company’s NezaClub Executive. NezaClub is the company’s group travel solution. The club brings together people looking to form groups heading to a particular destination, who need to put together numbers for this and enjoy economies of scale. In a statement to CEO East Africa Magazine, Laura Kagame, the Founder and outgoing CEO of TravelNeza said: “Lahmuel Mukundenta brings a wealth of experience and expertise to his new role. Since 2020, he has successfully coordinated trips and travelled with…
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Emma Mugisha, the current Executive Director and Head of Business Banking at Stanbic Bank Uganda has been picked by Nigeria’s pan-African Access Bank Plc, for a continental regional role, that we understand, includes overseeing Access Bank Plc’s integration of its recent acquisition on the continent. According to our sources, who decline to be named, “Emma Mugisha, has been recruited as part of the CEO pipeline at Access Group. She will undergo a 6 months robust induction process at the Group in Lagos after which she will be posted to one of the bank’s regions.” Access Bank Plc, recently announced that…
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Chioma A. Mang, the Managing Director/CEO of United Bank for Africa in Uganda, has turned down an appointment by the Central Bank of Nigeria (CBN) to take up the Executive Director role at the troubled Keystone Bank. Following the January 10th 2024 dissolution of the Board and Management of three Nigerian banks- Union Bank, Keystone Bank, and Polaris Bank, CBN announced that it had appointed Chioma A. Mang as the Executive Director of Keystone Bank. Hassan Imam was appointed Managing Director/ Chief Executive Officer of Keystone Bank. CBN also appointed Yetunde Oni and Mannir Ubali Ringim as Managing Director/Chief Executive…
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Are you considering hosting a domestic, regional or international meeting/conference/exhibition on the African continent and looking for one of the most beautiful locations on the continent? The Speke Resort Convention Centre on the shores of Lake Victoria, Africa’s largest freshwater lake is your ultimate meetings/conferences/exhibitions partner. Set within a 105-acre evergreen lakeside resort complex that is already home to two award-winning luxury resorts Speke Resort Munyonyo and Munyonyo Commonwealth Resort; the three iconic properties offer: A modern and equipped-to-international-standards convention hall and gallery area that seats over 3,800 people. An additional 33 equally well-equipped high-end breakout/conference/meeting rooms. 5 ballrooms/ banquet…
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Herbert Wigwe, the Group CEO of Access Holdings Plc, whose subsidiary bank, Access Bank Plc has just acquired Uganda’s Finance Trust Bank has died in a U.S. helicopter accident. He died along with his wife and son as well as Abimbola Ogunbanjo, the former Nigerian Exchange Group’s Chairman. Two crew members of the Eurocopter EC-130 helicopter also are reported dead in the crash in the Mojave Desert on Friday evening. Two crew members and four passengers departed from Palm Springs, California, at 8:45 p.m., and were en route to Boulder City, Nevada, which is about 26 miles southeast of Las Vegas. …
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I&M Bank Uganda over the weekend successfully completed an upgrade of its core banking system to Finacle 10, promising its customers, an improved banking experience. Finacle is an industry leader in digital banking solutions and a unit of EdgeVerve Systems, itself a wholly-owned product subsidiary of Infosys, a global giant in next-generation digital services and consulting. Finacle 10, according to its makers renowned for its “powerful multi-country infrastructure and transformational capabilities” and “delivers increased productivity, rapid innovation and a comprehensive set of offerings to meet diverse customer demands”. “As part of our commitment to remain on the cutting edge…
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Ramathan Ggoobi, the Permanent Secretary and Secretary to the Treasury (PSST) and Dr. Michael Atingi-Ego, the Bank of Uganda Deputy Governor are headlining this year’s Africa Financial Markets Index (AFMI) Report Presentation and Economic Outlook Forum. Now in its seventh year, the Africa Financial Markets Index (AFMI) is a collaboration between the Absa Group and the Official Monetary and Financial Institutions Forum (OMFIF). Each year, the AFMI assesses 28 African nations on economic development using specific indicators that consider market accessibility, transparency, and openness. Ggoobi who is the chief guest and Dr. Atingi-Ego, the keynote speaker, are both accomplished economists…
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Absa Group today announced its physical expansion into the People’s Republic of China with the opening of a new non-banking subsidiary in Beijing. The non-banking subsidiary is now open, with the official launch event in Beijing, scheduled for 8 May 2024. At a ceremony in Johannesburg, South Africa today, attended by Enoch Godongwana, the Minister of Finance of South Africa, and Chen Xiaodong, the Chinese Ambassador to South Africa – Absa Group showcased the continued growth of its international footprint alongside its commitment to fostering new opportunities between Africa and China. The new office will enable Absa Group to offer…
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I&M Bank Uganda has promised to deliver the “best and most convenient banking services and experience” to its customers as it switches from the old Orient Bank-branded Visa debit cards to the all-new I&M Bank Mastercard debit cards. In recent months, I&M Bank Uganda has urged its customers to upgrade to the new and improved I&M Bank Mastercards by February 1, since its new banking system will not be able to support the Visa debit cards which customers used previously. “We are on course to offer the best and most convenient banking services and experience to our customers. Our recent…
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GnuGrid CRB, Uganda’s first and only indigenous credit reference bureau to be licensed by the Bank of Uganda and Airtel Mobile Commerce Uganda Limited, a provider of affordable and secure financial services in Uganda have today unveiled Uganda’s first-ever mobile credit scoring system. Aptly named, Mobile Credit Score, the solution has been developed with the support and regulatory guidance from the Bank of Uganda and the Uganda Microfinance Regulatory Authority. Unlike the traditional and more conservative credit reports available on the market today, which rely only on credit history supplied by regulated financial institutions, the more innovative and proactive gnuGrid…
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