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…
Service Cops, a Ugandan technology company with a presence in the Great African Lakes region has today announced major upgrades to its SchoolPay solution, introducing SchoolPay ERP. The new SchoolPay ERP boasts several new features such as a multi-user dashboard, payments reconciliation, fees payments plans interface, accounting and finance module, procurement, a parents portal, an integrated e-learning platform, an SMS gateway for communicating with stakeholders as well as a staff & payroll management and an exams, grading and report card interface, all of which make it easier than ever for school owners and administrators to smoothly manage their educational enterprises…
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East Africa Breweries Limited last week released its results for the first six months of its FY2024, showing that it registered an impressive 16% growth in net sales revenue from KShs57.3 billion to KShs66.5 billion. FY2024 runs from July 2023 to June 2024. 63% of this revenue (KShs41.9 billion) came from Kenya; 22% from Uganda (KShs14.63 billion) and 15% (KShs9.98 billion) from Tanzania. More importantly for Uganda Breweries Limited, the EABL subsidiary in Uganda, the results show that of all EABL country operations, Uganda registered the strongest net sales revenue growth in the 6 months to December 2023. Uganda’s net…
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Despite a strong 16% growth in net sales in the first six months of EABL’s FY2024 (July -December 2023) compared to the same period in the prior year, East African Breweries PLC (EABL), the Diageo-owned alcoholic drinks giant, has reported a 22% decline in half-year after-tax profit. This, it attributed to macro-economic-driven cost inflation and rising finance costs. In the just released results, the company reported that its net sales went up by 16%, to Kshs 66.5 billion for the half year ended December 31, 2023, from KShs57.3 billion in a similar period in F23. “EABL’s half-year profit after tax…
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In a re-affirmation of its commitment to enabling financial independence and sustainable home ownership, Housing Finance Bank has launched the ‘Fuuka Don’ salary loan campaign. The initiative aims to alleviate financial pressures and empower customers to achieve their financial goals and aspirations for 2024. The campaign was officially unveiled today by the Housing Finance Bank leadership, led by Michael Mugabi, managing director, and Peace K. Ayebazibwe, executive director, during a media breakfast at the Bank’s Head Office in Kololo. The ‘Fuuka Don’ 120-day campaign offers customers the opportunity to access unsecured salary loans of up to Shs 400 million within…
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The Absa Bank Uganda Human Capital Director Sylvia Mulomi has tipped Human Resource (HR) practitioners about the organisational culture and work ethic as key to shaping a thriving workplace, which ultimately results in the company’s success, including higher revenues. She was speaking during the HR Community Appreciation breakfast meeting at the Kampala Sheraton Hotel on 25th January 2024, organised by Motivation Hub Limited. According to Mulomi, there’s significant evidence that an effective organizational culture provides a major competitive edge higher levels of employee and customer engagement and loyalty translate into higher growth and profits. “It’s very important to understand…
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CEO Magazine looked up the proprietor of the curiously named (to the layperson) fashion brand that has carved a niche for itself as a bridal designer and go-to option for the woman looking to make a statement, because, we had questions, inevitably: Where’s the name Dyna Vence Couture from? It’s actually my name. Dyna Vence is my name and I am the proprietor of Dyna Vence Couture. My maiden name was Dyna Vence Ahimbisibwe. When I got married that changed to Dyna Vence Ruvuza. So you named the brand after yourself…how long have you been in the fashion business?…
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Crown Beverages (Mauritius) Ltd has appointed Paddy Muramiirah, formerly, the Crown Beverages Uganda Chief Executive Officer to head its entry into the Kenyan market. Last week, we reported that the billionaire owners of Uganda’s Crown Beverages, Amos Nzeyi, Chris Kayoboke and Maggie Kigozi were close to acquiring SBC Kenya Ltd (SBC Kenya), a Kenyan beverages maker. SBC Kenya Ltd (SBC Kenya), which is fully owned by Kenya Bottling Company Limited, operates a bottling plant in Nairobi as an independent bottler for PepsiCo products within Kenya. In Uganda, Crown Beverages (Uganda) is the franchise bottler of global food, snack, and beverage…
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Ahead of the “The Journey to CIO” inaugural boot camp that starts on 24th January 2024, Peter Kahiigi, the Centenary Technology Services Ltd (Cente-Tech) Chief Technology Officer, has been unveiled as the second speaker. Also speaking at the boot camp is Dr. Rita Kabatunzi, currently, the Company Secretary, Stanbic Holdings Limited. She will be speaking about understanding board dynamics as an integral part of the journey of CIOs upwards. The Journey to CIO is a mentoring initiative aimed at “growing the pool of highly effective CIOs at home”, according to Elijah Kitaka, the brain behind the idea. Elijah Kitaka is…
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Health centres around the country continue to struggle due to lack of adequate blood transfusion services, this calls for volunteer donors to come in and fill the void. It’s a noble cause I&M Bank have accustomed themselves to, thanks to a reputable partnership with the Uganda Blood Transfusion Services. For the last two days, the front yard of the Kingdom Kampala I&M Bank offices has been a hive of activity with a blood donation drive that has seen Uganda Blood Transfusion Services and I&M Bank officials encourage passersby to get in on the act. In the end, 100 units of…
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The Competition Authority of Kenya (CAK) has cleared Crown Beverages (Mauritius) Ltd to acquire the entire issued share capital of Kenya Bottling Company Limited. SBC Kenya Ltd (SBC Kenya), which is fully owned by Kenya Bottling Company Limited, operates a bottling plant in Nairobi as an independent bottler for PepsiCo products within Kenya. In a Gazette Notice No.91, CAK said that “Pursuant to the provisions of section 46 (6) of the Competition Act, 2010, it is notified for general information that in exercise of the powers conferred upon the Competition Authority by section 46 (6) (a) (ii) of the Competition…
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