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…
VisionFund Uganda has appointed Asiimire Isabel, as its new Head of Legal and Company Secretary, effective July 1st 2023. VisionFund is a Christian Microfinance Institution owned by VisionFund International and World Vision International. The organisation provides financial solutions to rural and vulnerable communities in Uganda with a deliberate focus on women. VisionFund believes in creating brighter futures for children, empowering families to create incomes and jobs and unlocking the economic potential for communities to thrive. As of September 2021, the financial institution was serving 50,000 clients in Uganda, 95% of whom are rural-based and 60% women, across its 21 branches….
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Rather than worry about the risks and disruptions to sustainability caused by rapidly changing technologies, business leaders and especially board directors should instead embrace the opportunities presented by technology, as well as proactively anticipate and invest in the technology needs of the business as well as equip staff with matching skills, leaders have been advised. Sam Ntulume, the Ag. Managing Director, I&M Bank Uganda, speaking at the just-ended 2nd Annual LEAD Convention at the Kampala Serena Hotel, said that in an era of rapidly shifting customer needs and preferences, businesses must combine technology and human interactions to create a superior…
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Aster Medcity, one of South India’s largest quaternary care healthcare centres; Magnus Medi , one of the leading brands in India’s medical tourism industry and the Uganda Cancer Institute, have successfully concluded the first bone-marrow transplant conference with a commitment to enhancing collaboration and knowledge exchange in the highly specialised field. The conference, held at the UCI-Fred Hutch Cancer Centre, attracted doctors, nurses, laboratory technicians, researchers and students attached to the Uganda Cancer Institute. The conference is one of the very many initiatives envisaged under an in-the-works academic exchange and collaboration programme between UCI, Aster Medcity and Magnus Medi. Dr….
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Airtel Uganda has successfully secured the required 5G spectrum and will begin deployment in Kampala starting next week, the company announced yesterday, July 27th 20223. “I am privileged to announce that the wait for 5G is over. We have gotten the required spectrum and shall begin deployment next week. We were able to transform the way people, businesses and communities connect and do business using 4G and are grateful to our partners for the support on that journey,” Murali told the media at a press conference at Kampala Sheraton Hotel. Murali, said that for starters, the telco shall deploy 5G…
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After spending 14 years at Standard Chartered Bank Uganda, the amiable Moses Rutahigwa has been appointed as the new Consumer, Private and Business Banking Head at Standard Chartered Bank Botswana. He has been serving in the same role, in Uganda since January 2021. Moses’ started-from-the-bottom career at the bank saw him start as a Branch Manager in 2010, rising to become a Regional Branch Manager in 2013 until January 2015 when he was appointed Head, Strategic Transformation, a role he played for a year. In February 2016, he was appointed Head, Client Acquisitions until September 2017, when he became the…
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Governance and business resilience in a dynamic regulatory landscape will take centre stage, when business leaders under the League of East African Directors (LEAD) meet tomorrow, 27th July 2023 for their 2nd Annual LEAD Convention, to be held at the Kampala Serena Hotel. LEAD Convention is an annual event that brings together prominent business leaders from the region. It is a platform that plays a crucial role in fostering collaboration, sharing insights, and promoting knowledge exchange among directors, executives, and key decision-makers from various industries a platform through which its members, partners and leaders from different backgrounds and expertise…
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In what the company says is a quest “to be the most admired beverage and snacks business in Africa”, Harris International Limited, makers of Riham products this week unveiled its multi-product modern plant in Ttula, Kawempe – Mpererwe, on the outskirts of Kampala, Uganda’s Capital City. The plant was officially opened by the President of Uganda HE: Yoweri Kaguta Museveni represented by the Vice President Her Excellency Jessica Alupo. The plant, which occupies up to 30 acres of land will also, moving forward, be the new home “to our manufacturing plant and distribution warehouses as well as offices where we…
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2022⏤ the 4th year in the 5-year 2019-2023 Corporate Strategic Plan of Uganda Clays Limited (UCL), was by all means a tough year. Not only did Uganda’s oldest and largest clay building products maker’s revenue remain flat⏤ UGX36.6 billion, versus UGX36.7 billion in 2021, but this was UGX8.4 billion or 19% below the UGX45 billion target. Due to an increase in the cost of sales by 12% to UGX 21.9 billion, from UGX 19.4 billion in 2021, profits also fell 2.5 times to UGX2.9 billion, from UGX5.9 billion the previous year. As a result, shareholders had to take home only…
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The Agriculture Business Initiative (aBi Finance), in partnership with Uganda Institute of Banking and Financial Services (UIBFS), has rolled out a countrywide capacity building training program on Green Finance activations. The trainings to be conducted in all the four regions of Uganda focus on training and supporting financial institutions on key dynamics of Green Financing including green agribusiness investments for Climate Change Adaptation, Mitigation and Biodiversity Conservation. “We believe that financial institutions have a strong reach on ground and since they talk to clients on the a daily basis, we do believe that if we train their staff, we shall…
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The construction of the epic Speke Resort Convention Centre in Munyonyo, on the shores of Lake Victoria is on schedule and should be completed by November 2023, Ruparelia Group the project’s co-developers have said. Conducting a media tour of the project today, July 18th 2023, Dr. Sudhir Ruparelia, the Ruparelia Group Chairman said that the project’s structural works which only started in November 2022, have reached 64% and will be soon complete to allow for fittings and finishings. “Ruparelia Group, through our two subsidiaries, Speke Hotels and Meera Investments, is sparing no effort to ensure that we deliver this key…
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