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…
Chipper Cash, a leading fintech company serving more than five million customers across Africa, has launched its services in Rwanda with a promise and commitment to providing trusted and accessible financial services across the continent and beyond. Chipper Cash celebrated its entry into the Rwandan marketplace at the inaugural Inclusive Fintech Forum, a global platform on financial inclusion and fintech for good, which was held at the Kigali Convention Centre. Chipper Cash offers a user-friendly and innovative mobile application that enables Africans to send and receive funds cross-border, pay globally with cards and invest. With the launch in Rwanda, Chipper…
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JESA Farm Dairy, one of Uganda’s leading makers of a range of dairy products and its founder, the late Dr. James Mulwana, scooped the New Project of the Year Award and Lifetime Achievement Award respectively at this year’s Africa Food Awards. The awards are organised by the Food Business Africa Magazine, a leading African publication food, beverage and milling industry magazine. The awards gala was held at the Safari Park Hotel in Nairobi on the 16th of June, 2023. Several participants from Zimbabwe, Nigeria, Namibia, Ethiopia, Zambia, South Africa, Kenya and Tanzania attended the gala dinner. The Africa Food Awards…
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I&M Burbidge Capital, in collaboration with I&M Bank Uganda, International Finance Corporation (IFC), PKF East Africa and S&L Advocates, organised a groundbreaking symposium aimed at highlighting the importance of robust corporate governance policies and effective succession planning strategies for businesses. The event which was held at Golden Tulip Hotel, featured compelling case studies from I&M Group Plc, illustrating their experiences in developing corporate governance frameworks and implementing successful succession plans. At the symposium, different speakers emphasized how businesses can benefit immensely, from comprehensive governance policies and well-designed succession plans. By providing a comprehensive initiation guide, I&M Burbidge Capital aims to…
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Alliott Global Alliance (‘AGA’) has expanded into Uganda’s law firm market by appointing award-winning law firm, KTA Advocates (KTA) in Kampala, to its membership. Founded in 1979, Alliott Global Alliance is an international alliance of 220 independent law, accounting, and specialist advisory member firms in 95 countries. AGA is also one of the largest professional services alliances in Africa with law and accounting firm coverage in 17 countries⏤ Algeria, Botswana, Cameroon, Egypt, Kenya, Lesotho, Libya, Malawi, Mauritius, Morocco, Nigeria, South Africa, Tanzania, Tunisia, Zambia, Zimbabwe and now, Uganda. KTA Advocates, on the other hand, is one of Kampala’s leading…
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Andrew Ssekamwa, FCCA, formerly the CFO at I&M Bank Uganda, has been appointed the Chief Finance Officer for Uganda Airlines, the national carrier. His appointment took effect in March 2023. In his new role, the CFO will be responsible for all financial and fiscal management aspects of company operations as well as provide strategic leadership and coordination in the development and implementation of the airline’s 5-year business plan, financial management, accounting, budgeting, program, and system management efforts of the company. He, among other roles, is responsible for enhancing the cash position of the airline, developing the financial and operational strategy…
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UAP Life Umbrella Retirement Benefits Scheme successfully conducted its highly anticipated Annual General Meeting, combining both in-person and online participation at their Nakawa offices. The event was initiated by Ramlah Nantongo, representing the scheme trustee, KCB Bank, who graciously welcomed attendees and expressed gratitude for their valuable presence. Nantongo also introduced the esteemed service providers supporting the scheme. During the meeting, Patrick Kimathi, the Managing Director of UAP Old Mutual Life Assurance Uganda Limited (now Old Mutual Life Assurance Uganda Limited), acting as the administrator and sponsor of the scheme, shared exciting news. Kimathi proudly announced that the scheme’s membership,…
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The Board of Directors of I&M Bank Rwanda Plc has announced the appointment of Mr. Benjamin Mutimura as the new Chief Executive Officer (CEO), effective 1st July 2023 and subject to regulatory approval by the National Bank of Rwanda (BNR). Benjamin was previously the Chief Commercial Officer (CCO) at Bank of Kigali from June 2020 and has been serving as a board member of Bank of Kigali, Capital as well. Benjamin replaces Mr. Robin Bairstow, who the bank said is joining another role within the Group. “Robin’s transition into a new assignment within the Group subject to regulatory approval, will…
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Equity Bank, one of the leading financial institutions in Uganda known for its innovative and customer-centric solutions, is excited to announce its latest credit product- Eazzy Stock financing. Eazzy Stock is a digital credit product designed to empower businesses by providing them with the opportunity to unlock the value of their goods and access much-needed capital for growth and expansion. The product targets agents, distributors, stockists or retailers who are onward sellers of products or services of an Anchor or Manufacturer. It allows these categories to access funds for working capital conveniently as and when required. Speaking at the…
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Goldstar Insurance Limited, a member company of the Ruparelia Group, recently released its 2022 results, reporting a 14.5% increase in gross written premiums, from UGX28.2 billion to UGX32.3 billion. The company also announced that net income increased by 13.4%, from UGX15.7 billion to UGX17.8 billion. As a result, profit after tax, grew by 47.8%billion, from UGX2.3 billion to UGX3.4 billion. Goldstar is one of the leading insurance companies in Uganda and provides all types of general insurance services to industrial, commercial, and professional firms, as well as government institutions, individuals and other enterprises. The insurer, however, reported a 28.7% reduction…
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To support the education sector and empower local schools, the Insurance Training College (ITC) of Uganda has kick-started a drive to mobilise insurance sector players and other well-wishers to invest in supporting Uganda’s education sector⏤ the core of national development. The Insurance Training College (ITC) of Uganda was established in 1964 as the training arm of Uganda’s insurance sector. The College is recognised under the Insurance (Amendment) Act 2011, which came into force in 2011 as the Insurance Institute of Uganda (IIU) and by the Insurance Act 2017 which transformed the Institute into the Insurance Training College of Uganda,…
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