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…
Communicator, media strategist and digital media content creator Muhammad Lubogo is joining Uganda Electricity Transmission Company Limited as Manager of Public & Corporate Communications effective 1st August 2023. Prior to his appointment, Muhammad was the Public & Media Relations Officer at Uganda Electricity Generation Company Limited (UEGCL) where he served for the last 5 years and 9 months. Muhammad holds a Master’s Degree in Business Administration (Marketing), a professional Diploma in Public Relations from the Chartered Institute of Public Relations, UK and a Bachelor’s Degree in Information Technology. He has over 9 years of experience in public relations, digital media…
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Standard Chartered Bank has launched the SC Shilingi Funds⏤ a low-ticket money market fund for Standard Chartered Bank clientele that is 100% digital and available on the SC Mobile app. SC Shilingi Funds allows clients to invest amounts of as low as UGX20,000, and earn competitive interest as well as be able to withdraw their funds anytime. Standard Chartered Bank is the first bank to offer such a proposition in the market. The launch event was held at Kampala Sheraton Hotel on 21st June 2023 and was presided over by the Minister of ICT Dr. Chris Baryomunsi; the Bank’s CEO,…
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Over 2000 entrepreneurs that participated in various training modules in the Stanbic Accelerator Program, Enterprise Development Program, Micro Enterprise Development Program and Supplier Development Program, have graduated. The training, meant to equip the entrepreneurs with relevant business skills at the Stanbic Business Incubator Limited (SBIL), was held between January 2022 and April 2023. Speaking at the graduation ceremony held at hotel Africana, Stanbic Business Incubator’s Chief Executive Tony Otoa said, “Small and Medium enterprises (SMEs) are universally regarded as key engines of economic growth. Therefore, SBIL is closely supporting SMEs to access the financial services and skills they need to…
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This year, Bukoola Chemical Industries, a leading indigenous manufacturer and distributor of agrochemicals, fertilisers, and industrial chemicals in Uganda, marks its 50th anniversary⏤ a significant milestone, by all means, in a country where most businesses hardly live to see their 5th birthday.Founded in 1973 by Dr. Paul Mawanda Kyabaggu, Bukoola Chemical Industries is one of the oldest and largest agrochemical distributing companies in Uganda. The company is known for top-quality products and customer-based services in the range of exceptional insecticides, fungicides, bactericides, immune boosters, fertilisers and anti-stress chemicals and a number of selective and non-selective herbicides. It has established itself…
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Hardly a year into his new role as Operating Executive for the MTN Group’s WECA Markets of Liberia, Guinea-Conakry, Guinea-Bissau, and Congo-Brazzaville, Wim Vanhellepute, has been picked by Safaricom Plc, to head its Ethiopian unit⏤ Safaricom Telecommunications Ethiopia Plc. The Ethiopian unit is owned by Safaricom Plc, Vodafone Group, Vodacom Group, Sumitomo Corporation and British International Investment (formerly known as CDC Group) and was licensed on 9 July 2021. According to an official announcement by Safaricom Group on its social channels, Wim will replace Anwar Soussa as CEO, effective 1st September 2023. It is not clear why Anwar, Safaricom…
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Stanbic Bank Uganda Limited is committed to continuing to support farmers with financial and non-financial solutions to be able to yield tangible results from their farming activities. This revelation was made by Patrick Twinamatsiko, the Manager in charge of the bank’s Sacco financing. Twinamatsiko was speaking at the inaugural Seeds of Gold/Farm Clinic event held at the National Agricultural Research Organization (NARO) – Mbarara Zonal Agricultural Research and Development Institute on May 27. This is the second farm clinic happening at this research facility since Nation Media Group (NMG) and partners started implementing the initiative. Seeds of Gold event…
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Individuals buying fuel and enjoying other TotalEnergies products through their TotalEnergies card can now easily load credit to their cards using FlexiPay, a digital payment solution offered by Stanbic Bank. TotalEnergies’ prepaid card owners have previously had to physically visit a Service Station or a Stanbic Agent to reload their cards with credit. With the partnership, these prepaid card customers will enjoy enhanced convenience enabled by the seamless card top-ups from their FlexiPay wallet to the card, and don’t necessarily have to own a Stanbic Bank account to use the service. Apart from fuel, the credit on the cards can…
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The headline Stanbic Purchasing Managers Index (PMI) reached its highest point this year, posting 57.4 during May, up from 55.4 in April as success in securing new customers had a positive impact on the Ugandan private sector. Meanwhile, this further expansion in new orders and business activity has resulted in companies increasing their own input buying and raising staffing levels. The latest reading is above the 50.0 no-change mark for the seventh time in as many months and also higher than the series average of 52.5, reflecting widespread optimism that business activity will continue to expand over the coming 12…
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In an ongoing commitment to appreciate its valued customers, Housing Finance Bank recently hosted a customer service forum at Silverback Hotel in Mbarara. The event held last week, also served as a platform for the bank to reward its customers in the western region as well as gather customer feedback. The event is one, amongst the many nationwide customer reward engagements lined up by the bank following their recently launched 5-year strategy that seeks to see customer satisfaction grow to 90% by 2027. Led by Mr. John Baptist Kaweesi, Head of Mortgage and Consumer Banking, the Housing Finance Bank team…
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Standard Bank Group has arranged sustainability-linked, multi-currency facilities to support M-KOPA’s growth in Kenya and Uganda Regarded as a pioneering and leading fintech platform, M-KOPA’s solutions provide underbanked customers with instant access to everyday products and services via its flexible credit model. M-KOPA’s customers are able to acquire a broad range of productive assets such as high-quality smartphones, solar powered systems, electric motorbikes as well as digital financial services, which include cash loans and health insurance, all accessed through digital micropayments, in East and West Africa, thereby stimulating financial access and inclusion. Since its inception in 2011, M-KOPA has provided…
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