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…
Given the current challenges of climate change, the loss of biodiversity, deforestation and landslides in Uganda, over 100 climate change activists choose to wrap up the month of April in Nandere Forest to mark Earth Day 2023 running under the theme “Be part of the green revolution”. According to Ndyamuhaki Isaac, the Programs Manager-Circular Economy the Green Africa Youth Organization Uganda (GAYO Uganda) said the event was conducted because there is an urgent need for widespread actions at every level to promote ecosystem restoration. Together with local partners, GAYO Uganda supported the restoration of 3.5 hectares of degraded land in…
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Airtel Uganda has launched its eSIM Card (embedded SIM) – a digital SIM that enables customers to access the same functionality as someone using a physical SIM. The eSIM offers several benefits over the traditional SIM cards as it is quick and simple to set up online, it is planet-friendly (plastic-free/zero carbon emission), and provides an easy extra line as you can use two numbers without needing two phones/handsets. Clients also no longer need to fear damaging or losing their SIM cards and for frequent travellers, the eSIM is very convenient for switching network operators at a much easier rate,…
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For a population of 45 million people, only a total number of 388,966 (Exclusive of Health Insurance) life policies were taken up in 2021 as per IRA report. This equates to only 0.86 policies which reflects the low penetration of life insurance in Uganda. Where is the divide? Do Ugandans appreciate well the importance of life insurance? Are providers of this service evolving to trends in the market that bridge customer expectations and product development? Insurers continue to ponder on these questions and, in a bid to draw the insurable population, insurers have adapted and become more agile as we…
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KCB Bank Uganda, a subsidiary of KCB Group, one of East Africa’s largest financial groups, reported that its net profit for 2022, grew by an impressive 344.6% from UGX7.4 billion in 2021 to UGX32.9 billion⏤the highest ever in the bank’s 15-year history in Uganda. This was driven by a 30.5% rise in income, from UGX90.9 billion to UGX118.6 billion, largely on account of a 60.7% growth in interest income on loans and advances from UGX44.2 billion to UGX81 billion. Income from lending formed 60% of the bank’s total income in 2022. KCB in 2022 pumped up its credit supply by…
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Ivan Karugaba will forever remember 12th April 2023. He was resting at his home in the evening and just like so many people that are into business, resting doesn’t mean not checking your email. He whipped out his phone and opened his Gmail app. He was ecstatic to find out that his startup, Microfuse, had gotten into Qualcomm’s inaugural Make in Africa mentorship program. “The first person I shared the news with, was my wife!” Ivan tells me. Ivan had got to know of the program while scrolling through his LinkedIn. He decided to apply immediately and didn’t think much…
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Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group⏤a major Pan-African bank with banking operations in 33 countries across the continent. The Group also has a licensed operation in Paris and representative offices in Addis Ababa, Beijing, Dubai, Johannesburg and London. According to a public notice by ETI, signed by Madibinet Cisse, the Group General Counsel and Company Secretary, the meeting will be held at Ecobank Pan African Centre’s Conference Centre, on 2365 Boulevard du Mono, starting at 10.30 am GMT. Following the AGM, there will also be an Extraordinary General Meeting whose main agenda is fundraising. The…
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It takes the tiniest of ideas to flicker outstanding workmanship in the creative industry. However, the ideas and the people behind the vibrant theories need guidance and nurturing,” – reads a statement by the Innovation Village, a space created for creatives in Gulu City to flourish. This statement precisely describes the work that Guinness is doing to not only foster innovation but to also emphasise collaboration whilst shining a light on Uganda’s most passionate creatives. This comes on a backdrop of an industry that has for so long struggled to gain recognition in society and with little or no knowledge…
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Ecobank Uganda has today announced that it has partnered with financial technology firm, MTN Mobile Money Uganda Limited (MTN MoMo) to enable mobile money traders, merchants, and consumers to access electronic cash commonly known as float at any of Ecobank’s branches and Digital solutions (Omni Lite and Omni Plus) countrywide. “We are delighted to partner with the largest and most subscribed financial technology company in Uganda, to ease access to mobile money float in our effort to enable our business and individual customers to #GoForMore. This partnership is in line with Ecobank’s strategic pillar of partnership to scale. At Ecobank,…
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Housing Finance Bank (HFB) on Wednesday 3rd May 2023, opened the opening of its 8th branch in Hoima City, with a promise to “provide the people of Hoima City and the surrounding areas with access to a wide range of banking services”. The new branch is located on Plot 45 – 57 Fort Portal Road, Bunyoro Kitara Building. The launch ceremony – was graced by Mr. Hannington Wasswa, Director of Commercial Banking at the Bank of Uganda and Dr. Fred Kabagambe-Kaliisa, Senior Presidential Advisor on Oil, Gas, and Mineral Industries. Several other dignitaries and guests from the district and…
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In a bid to enhance the customer care experience and ease accessibility, Goldmine Finance Limited has opened its second branch in Ntinda, a Kampala suburb. The modern branch is located at Aponye Mall, right at the heart of Ntinda town and features a spacious and comfortable waiting area and is manned by a team of friendly and knowledgeable staff. Goldmine Finance is one of the leading Tier IV financial institutions in Kampala. It provides a variety of innovative financial solutions and services to individuals, and businesses as well as mobile loans, mortgages and agency banking. The main branch and headquarters…
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