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…
Telco, Airtel Uganda, together with Huawei Technologies, have joined hands to extend the benefits of internet connectivity to teachers, health workers, social workers and local leaders in Kanungu District by connecting them with 200 Smartphones. The initiative aims to empower these vital community members with internet connectivity and in the process transform the way they serve and impact their communities. The smartphones distributed to teachers, health workers, social workers and local leaders shall be loaded with 5 GB of Airtel data every month for three months. This allocation aims to harness the life-changing power of affordable and seamless connectivity, enabling…
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Ivan is a certified QHSE professional with the American Institute of Health and Safety Professionals and a hands-on practitioner having worked in various industries such as transport and logistics, oil and gas, mining, manufacturing and refinery plants. He is also, a pragmatic QHSSE trainer, developer of procedures, programs, and rules and an implementer, who has had millions of man-hours of exposure with no fatality incidents recorded under his QHSSE leadership tenure for the various positions held. He is presently the Country QHSSE Manager at Africa Global Logistics formerly Bollore Logistics ― a member of MSC shipping line, the number one…
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In one of his most popular plays, Julius Caesar, Caesar (the Roman King), banishes one Publius Cimber from the empire for a crime that he (Cimber) had committed and though many of the king’s cohorts, including Brutus, who was hitherto Caeser’s right-hand man had pleaded with the king to pardon Cimber, the king remained steadfast, proclaiming that he was as ‘constant as the Northern Star’ and that Cimber’s sympathisers would rather ‘lift up Olympus’ (a dormant, holy mountain in Greece) than assume that he would rescind his decision. Many times, people find making difficult decisions an arduous task. Decision-making, especially…
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Leading carbonated soft drinks and water makers, Crown Beverages Limited (CBL), have scooped 3 awards at the just-ended Africa, Middle East and South Asia (AMESA) PepsiCo International Bottlers Conference in Dubai. CBL, are franchise bottlers of global food, snack, and beverage giant, PepsiCo, Inc. The company bottles Pepsi, Mountain Dew, Mirinda Fruity, Mirinda Orange, Mirinda Pineapple, Mirinda Green Apple, Evervess Tonic, Sting Energy Drink as well as Nivana and Aquafina water. The company that emerged category winners in the Governance and Net Revenue growth categories, was also declared the Overall Winner, Faster Growth Category. The company was not immediately…
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Uganda’s central bank, Bank of Uganda has approved the appointment of Robin Bairstow as Chief Executive Officer of I&M Bank Uganda. Robin was appointed by the I&M Group Plc as CEO in September 2023, pending regulatory approval, to lead the bank’s quest to become Uganda’s “leading financial partner for growth”. He is a very familiar face to the I&M Group and the East African region, having served as the CEO of I&M Bank Rwanda for the last 8 years prior to his Uganda assignment. During his tenure at I&M Bank Rwanda, the bank trebled its total assets to RWF 491.3…
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Having laid a strong foundation, the company is now looking to its next phase of growth built on a strong purpose⏤ transforming lives, using pioneering technology that ensures increased reach and penetration, as an enabler. To lead this customer-centric vision and ensure brilliant execution in the marketplace, Manoj Murali, the man leading that next phase of growth has assembled a team of 12 experts, each of whom is an expert in their respective fields. To deliver Airtel’s “winning with people agenda” of being the employer of choice with a diverse and inclusive high-performance work environment, each of these 12 leaders…
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The just-announced FY2022/23 was quite surprising for many a stakeholder. Given what happened in the financial markets, here and globally but more importantly, the ‘negative noise’ that dominated much of the second half, many a stakeholder didn’t expect better performance than what we experienced in FY2021/22. It is an amazing story. If you look at what the fund went through in the last six months of FY2022/23, I can say it really tested the trust that the members have in the Fund. To put it into perspective, we had a contribution target of UGX135 billion per month in FY2022/23. As…
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I&M Bank Uganda, a subsidiary of the I&M Group PLC, one of the leading financial services groups in East Africa, has appointed Timothy Musiime and Lucy Akech as Chief Finance Officer and Head of Human Resources respectively. Mr. Musiime, brings to the bank, over 20 years of experience in banking, audit and assurance, manufacturing, commercial trade, treasury and corporate finance. He began his career at PricewaterhouseCoopers and then held key finance roles at Lafarge and Mantrac. He later served as the Personal and Business Banking (PBB) Finance Manager at Stanbic Bank and the CFO of Mercantile Credit Bank, before joining…
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The sale of Airtel Uganda’s 20% shares in what is now Uganda’s second-biggest initial Public Offering (IPO) closes this Friday, October 13th 2023. If you haven’t yet bought shares in the telco, which is now Uganda’s fastest-growing telco for the last 10 years, you have just 2 days to go. Many an analyst and investment banks such as Old Mutual Investment Group, Dyer and Blair as well as investors like Dr. Sudhir Ruparelia have given the IPO a good “buy” rating citing the telco’s past above-industry growth as well as positive industry projections, make the Airtel IPO a compelling…
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A fatal accident in the oil and gas fields in the Kingfisher Project Area operated by CNOOC Uganda, a subsidiary of China’s CNOOC International has re-awakened the company’s chequered employee health, safety and welfare record. This is especially after the Petroleum Authority of Uganda, the sector’s regulator said that the fatal accident followed a lot of unheeded safety warnings. “The Petroleum Authority of Uganda has learnt of a fatal incident within the Kingfisher Project Area that occurred today, 6th October 2023. This regrettable incident follows several safety incidents that this Authority has previously brought to the attention of CNOOC Uganda…
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