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…
Max Manzi is the Head of Legal and Company Secretary for BRAC Uganda Bank Ltd. effective 02nd January 2023. BRAC Uganda Bank Ltd is a Tier 2 Credit Institution licensed by Bank of Uganda to provide inclusive financial services to low-income communities for sustainable livelihoods. Max has a wealth of legal and corporate governance experience and knowledge, gained from working as the Company Secretary and Head of Legal Departments at VisionFund Uganda Ltd and ABC Capital Bank Ltd. He also previously served with the Uganda Revenue Authority, Guaranty Trust Bank (U) Ltd and Zaale Otete & Co. Advocates in legal…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Airtel Uganda, will today, August 30th 2023, at 10 am, begin selling 8 billion shares (20% of the issued 40 billion shares) for UGX100 each, also known as IPO, in a sale expected to fetch the original shareholders- a handsome UGX800 billion. The offer price values the company, which doesn’t include Airtel Mobile Commerce Limited (AMCUL), at UGX4 trillion. The offer shall close on 13th October 2023 at 0400pm. Results of the allocation shall be announced on 30th October 2023 at 04:00 pm and thereafter the company shall on 31st October 2023, list the entire 40 billion shares on the…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
The Income Tax(Amendment) Act 2023 has repealed Section 27A of the Principal Act which provided for initial allowances as a fiscal policy geared at enabling investors in industrialisation and manufacturing to recover costs of acquiring plant and machinery much faster than if they had to recover those costs only through capital deductions allowed through traditional depreciation. A depreciable asset is any plant or machinery, or any implement, utensil or similar article, which is wholly or partly used, or held ready for use, by a person in the production of income included in gross income and which is likely to lose…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
UAP Old Mutual has celebrated the legacy of retiring shareholder and board chairman Sir Gordon Wavamunno during a dinner hosted at the Kampala Serena Hotel. Sir Gordon Wavamunno served for more than 4 decades as Chairman of the Board of Directors. UAP Old Mutual is the leading general and medical insurance company in Uganda and is an integrated financial services provider with Asset Management and Life Assurance arms. Speaking about the company’s “deep admiration for Sir Gordon Wavamunno’s entrepreneurial spirit and visionary leadership”, Stephen Chikovore, UAP Old Mutual Managing Director, said he has been “instrumental in driving UAP Old Mutual…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
What does winning the CFO award mean to you? Winning this award is one of my biggest personal achievements as a Head of Finance, a motivator to my team, the organization I work for, and the entire UPDF fraternity. What impact has winning the award had on your career so far? This award has exposed me to the finance industry both local and international as one of the best Accountants in Uganda, increased my Brand as a respected accountant, and increased my pride and reputation in the armed forces as being the first Army officer to participate and win in…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
What impacted your business over the period from an operational standpoint? The first half of the year has been marked by consistent improvement in the operating environment with inflation and other economic indicators trending positively, impacting on our customer acquisition which has grown tremendously over the period by over 50% for the number of active customers we serve. On the other hand, there was an uptick in cyber-related risks and to that end, we enhanced our risk management capabilities and improved our operating efficiencies to deliver a seamless customer experience. What were the drivers of your financial performance? The business…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Billionaire businessman and co-Founder of the Ruparelia Foundation, Dr. Sudhir Ruparelia, has been awarded the Lifetime Achievement Award by the Chimpanzee Sanctuary & Wildlife Conservation Trust (CSWCT) for his philanthropic contribution to the trust, especially the Ngamba Island Chimpanzee Sanctuary. Sudhir who is also the founder and Chairman of the Ruparelia Group⏤ one of Uganda’s largest business conglomerates with investments in financial services, real estate, education services, hospitality, agriculture and media/broadcasting was along with other contributors to the Trust, awarded during the Trust’s 25th Anniversary, held at the Speke Resort Munyonyo, one of the Group’s hotels. The dinner was among…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Turaco, one of the leading insurtech companies in Africa, becomes the first insurtech in Uganda to acquire an underwriting license, with a promise to be a leader in the provision of “affordable and simple microinsurance products, reaching unserved and underserved Ugandans in line with its global mission of insuring 1 billion people”. “Turaco Microinsurance will design and distribute simple products that target the key risks mass-market customers face, with policies starting at just UGX1,000 per month. Through its customer-centric approach, Turaco Microinsurance will offer terms and conditions that are simple enough to fit 3 SMS messages, such that even first-time…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Youths, innovators and startups will at this year’s Business Trendsetters Forum be mentored by key experts in various sectors to inspire them through a series of thematic sessions focusing on agriculture, ICT, tourism, and other sectors. The Forum, a brainchild of Yvonne Mpanga, a business development consultant, will take place on August 31, 2023, at Sheraton Kampala Hotel, under the theme: “Mindset Change Enabling Reinvention in Business”. Pacesetters (speakers) at this year’s Forum are PSST Ramathan Ggoobi, Joel Aita of Joadah Consult, Lena Mirembe Pira of Africanbooks.com and Prof. Patrick Ogwang of Jena Herbals, the makers of the famous anti-Covid-19…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
To start and build thriving and domestically, regionally and globally competitive businesses, Ugandan Investors have been advised to focus on building for the long-term by getting the fundamentals right. This among others includes collaborating with the right partners; regulatory compliance including tax compliance, adopting sustainable practices as well as digitising their businesses to cut costs and create efficiencies. Partnering with Uganda Investment Authority for the H2 2023 Investment Summit, Standard Chartered Bank assembled a panel of experts to equip investors with valuable insights and information on the economic market environment, personal & sector investment opportunities for the corporate and government…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
