In a financial sector often driven by balance sheets and bottom lines, Joseph Mugume has spent 25 years proving that sustainable growth begins with people. As Chief Executive Officer of...
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…
I am pleased with the bank’s robust performance in 2022, a year in which we registered notable progress in enabling the aspirations of our various stakeholders, including customers, shareholders, staff, government, and the community in which we live and work. We manifested our purpose of driving Uganda’s growth through partnerships and our own efforts, in ways that directly and indirectly benefited millions of Ugandans and supported the country’s post-pandemic economic recovery. Without diluting the severity of the emerging global and local challenges to our economy, we would like to celebrate the success stories of our customers registered in 2022, most…
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All employers in Uganda, irrespective of the number of workers employed, have only 30 days to register with the National Social Security Fund (NSSF) and remit social security contributions for their employees, Managing Director Patrick M. Ayota has announced. Ayota told the media at Workers House in Kampala that employers who complete registration will not suffer any financial penalties that kicked in from January 2022 when the National Social Security Fund (Amendment) Act was assented to by President Yoweri Museveni and published in the Uganda Gazette. “Given that the law came into force a year ago, employers should have registered…
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Namilyango College Old Boys Association (NACOBA) is to honour its fallen longtime Headmaster, Peregrine Kibuuka with the setting up of a UGX 1 billion endowment foundation. This is as the College celebrates 121 years of existence this Sunday, 26th March 2023 at the College campus on Namilyango Hill, Seeta, Mukono District. The Speaker of Parliament Rt. Hon Anita Annet Among will be the Chief Guest. The endowment plan is a key pillar in the Namilyango College 10-year Strategic Plan (2023-2033) developed by the college and key stakeholders. Namilyango College was founded on 23rd March 1902. Mr. Kibuuka passed away in…
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Telecom services provider, Airtel Uganda, has extended its partnership with Buganda Kingdom for another 3 years. The contract renewal was announced March 16th 2023 the Kingdom’s headquarters, at Bulange, Mengo, Kampala. Since 2014, Buganda Kingdom in collaboration with Airtel Uganda has implemented various initiatives that have impacted the lives of people in Buganda and beyond. These include Africa’s biggest run, the annual Kabaka Birthday Run, the Masaza Cup Tournament, and Eid Celebrations, among other activities. Speaking on behalf of Airtel Uganda’s Managing Director, the Sales Director, Mr. Ali Balunywa said, “We are proud to restate our commitment to…
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PostBank Uganda (PBU) has launched a countrywide financial literacy and business development training program to promote financial inclusion and drive economic growth in Uganda. The program targets at least 9 Saving and Credit Cooperative Organisations (SACCOs) under the Parish Development Model (PDM) in each parish and at least 15 members per SACCO. This translates into an estimated 1,700 SACCO members per district. The program was launched in Kayunnga District’s Bbaale, Kayonza, Kitimbwa and Kayunga sub-counties on Thursday 23rd and Friday 24th March 2023. The Parish Development Model (PDM) is a government initiative aimed at deepening the decentralisation process; improving household…
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Centenary Group, one of Uganda’s largest players in financial and digital inclusion, has officially launched its Malawi subsidiary⏤ Centenary Bank Limited, promising to bring its innovative solutions to underserved communities in the country. The move comes after years of successful growth in its home market, Uganda, what the Group says, is “extensive research into the needs of Malawi’s population”. Centenary Bank Limited in Malawi is the second banking subsidiary and fourth company owned by Centenary Group. Speaking on March 22nd 2023 at the Launch in Lilongwe, Centenary Group Executive Chairman, Prof. John Ddumba Ssentamu, “In Malawi, we will ensure that…
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Insolvency practice has become global and dynamic in nature to the extent that, key players in insolvency practice require continued training and sensitisation about new critical insolvency practical aspects. Business has been identified as one of the biggest lifebloods to Uganda’s economy. It creates jobs, increases productivity, and generates growth. Restructuring and insolvency is an essential part of this system and is vital for ensuring that Uganda maintains its reputation as one of the best places in the East African Region to do business. To support the strengthening of the Judiciary’s and Insolvency Practitioners’ capacity to handle and resolve insolvency…
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The Rotary Club of Kyadondo in partnership with I&M Bank on Thursday, March 16 organised a fundraiser dubbed “Help a Child Stay in School” at Uganda Golf Club. Proceeds from the fundraiser will go towards renovating Naigobya Primary School in Luuka District. The school is in dire need of repair, and the funds raised will help to provide a conducive learning environment for the children and facilitate the construction of an early child development centre at the same school. Featuring a one-day tournament, the fundraiser attracted many corporate teams with golfers from all walks of life teeing off as early…
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The Irish community all over the world is celebrated St Patrick’s Day on Friday, March 17. Held in commemoration of Ireland’s patron saint and the arrival of Christianity in the country, the day has since morphed into a celebration of Irish heritage and culture. The festivities are usually characterised by elaborate parades of people donned in green, with shamrocks and sipping Guinness, the country’s indigenous stout that is one of their most recognisable exports across the world. In Uganda, the festivities kicked off on Sunday with the Uganda Gaelic Athletic Association family day at Kyadondo Rugby Grounds. This…
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Airtel Mobile Commerce Uganda Limited (AMCUL) will continue to send money to other networks in Uganda, East Africa and the world, for as low as UGX100, following the fintech’s decision to maintain, for good, a price-cutting campaign it launched in December 2022. In a media statement, Airtel Money said it would maintain the reduced transaction charges announced last year, in the #PakaKuGround drive, which cut rates by up to 95%. Japheth Aritho, the AMCUL Managing said that the move was aimed at addressing affordability challenges as well as enhancing interoperability, as the fintech moves to enhance digital financial inclusion. …
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