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 Airlines Airbus A330, yesterday, 7th October made a touchdown at Mumbai’s Chhatrapati Shivaji Maharaj International Airport on a maiden direct flight from its Entebbe International Airport Homebase. This is the first time in more than 50 years that India and Uganda will be connected by a non-stop air service. The route is Uganda Airlines’ second service outside the African continent and the 12th across its network and joins a rapidly expanding network that offers travellers convenient connections to South, West, Central and Eastern Africa. “The direct service will last approximately five and a half hours, bringing unmatched convenience to…
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Billionaire, Sikander Lalani’s Roofings Group, yesterday, 4th October 2023 kickstarted the construction of its phase 4 expansion phase⏤ a 150,000 tonnes-a-year cold rolling plant at the Kampala Industrial Business Park (KIBP) in Namanve, on the outskirts of Kampala City. This is the fourth expansion phase after the company established its first USD 2 million investment into an iron sheets plant in Lubowa. This was in 2010, expanded to include a combined 130,000 tonnes-a-year wire galvanizing plant and melt shop, and shortly in 2012 by a plastic pipes plant under the Roofings Polypipes subsidiary also at Lubowa. In the third expansion…
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After doing what Uganda Breweries says is a “fantastic job leading the marketing team”, Emmy Hashakimana has been promoted to the role of Commercial Director. The new assignment is effective October 1st 2023. Prior to the promotion, Emmy has been the Marketing & Innovations Director since November 2020. According to an internal announcement this reporter has seen, the customer marketing function has also been transitioned from the marketing department to the sales department and will also report to the Commercial Director. A prolific and collaborative team leader, Emmy is hailed for “creating and executing a consumer-focused portfolio expansion strategy that…
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Uganda, a country known for its breathtaking landscapes, diverse wildlife, and vibrant culture, is also a place where creativity and innovation are thriving. The marketing, public relations (PR), and advertising industries in Uganda have been on a remarkable journey, and now, they have a unique chance to shine brighter than ever with the return of the Silverback Awards. The Silverback Awards: A Glorious Comeback The Silverback Awards, a prestigious event that honours excellence in marketing, PR, and advertising, are making a glorious comeback after last year’s inauguration. This resurrection couldn’t have come at a better time, as Uganda’s business landscape…
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The just-ended back-to-school season is one of those tough days for most parents; for different reasons. The usual hustle and bustle of parents and learners all over the country mad dashing, with shopping lists, trying to get ready for the crucial third term. Above and beyond this pandemonium, there are also unspoken and often unseen endeavours and struggles by parents to make sure they raise all the necessary financial resources to be able to pay tuition fees and all the other associated costs of sending a child to school. Perhaps the only beautiful and relieving part of this story is…
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The Buganda Kingdom has applied to buy 2,000,000 Airtel Uganda shares, worth UGX200 million in the ongoing Airtel Initial Public Offering. This was revealed at a press conference held on the 26th of September 2023 at the Kingdom’s Bulange, Mmengo offices, where the Kingdom’s Prime Katikiro (Prime Minister) Owek. Charles Peter Mayiga, took the opportunity to encourage the public to embrace the #AirtelIPO, saying, IPO investments in well-run and regulated businesses such as telcos, are smart investments. “Be a smart investor, acquire shares in publicly listed companies. With the company’s growth, the shares will appreciate, “ he said, adding that…
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You never get a second chance to make a first impression, so it’s been said. Indeed, Absa Bank Uganda, a subsidiary of Absa Group, one of Africa’s largest financial institutions, has spared in doing its best as Airtel Uganda’s Lead Transaction Advisor⏤ for obvious reasons. First of all, it is the sheer size and significance of the Airtel IPO. The telco has put up for the IPO, 8,000,000 shares (20% of the issued shares) for UGX100 per share, a transaction that should realise some UGX800 billion (USD 212 million) that the company says it needs to bulk up funding for…
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Old Mutual Investment Group, one of Africa’s leading investment managers as well as regional investment bank, Dyer & Blair have separately endorsed investments in the ongoing Airtel IPO, rating it a good buy. The two investment banks, in separate research notes seen by this reporter, give the telco’s past steady in some cases faster-than-industry growth across key fundamentals as well as strong industry prospects as reasons for their strong buy recommendations. Airtel Uganda, a subsidiary of Airtel Africa, itself a subsidiary of India’s Bharti Airtel, on August 30th 2023, kicked off the sale of 8 billion shares (20% of the…
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The Uganda Marketing Excellence Awards (UMEAs) are back. Excelling brands and professionals will be celebrated on Friday, December 1st, 2023, in the 3rd edition of the awards, which organisers say, are aimed at “allowing brands, agencies and marketers to showcase their marketing successes, and amplify the quality of their businesses”. The UMEAs 2023 edition was announced at a press conference held at the Kampala Serena Hotel, on Wednesday, September 20th 2023. Evolve Africa, the organisers of the prestigious Marketers Biggest celebration, said this year’s edition will be a red carpet and black-tie event, to be held at the Kampala Serena…
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Dr. Apollo Buregyeya is the Founder and CEO of Eco Concrete Ltd, a Ugandan registered civil engineering firm that is in the business of housing construction and production of cement-based in-situ and precast construction materials with an “objective to produce strong, durable, and affordable products while drawing less from the environment”. He is also a Lecturer of Civil Engineering Materials, Construction Technology, and Civil Engineering Infrastructure Maintenance courses in the Department of Civil and Environmental Engineering of Makerere University, Kampala – Uganda. Apollo studied at Wits University, Johannesburg, South Africa, where he obtained a Ph.D. in Civil Engineering Materials, and…
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