Company News

UGX32.9 bn profit and UGX1.1 trillion in assets; KCB Bank caps off Ugandan 15th anniversary stronger

Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryMay 11, 2023May 11, 2023

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…

How Two Ugandan Startups, Kaara and Microfuse, Made it into Qualcomm’s Make in Africa Program.

Jonathan N. LubwamaCompany NewsNews & AnalysisTechnology & InnovationMay 11, 2023May 11, 2023

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…

Ecobank Transnational Incorporated AGM slated for May 17th, on the back of a strong 2022 performance

The CEO Magazine TeamBusiness & MarketsCompany NewsMay 10, 2023May 10, 2023

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…

Guinness Bright House: Shining a bright light on Uganda’s creative economy

The CEO Magazine TeamBusiness & MarketsCompany NewsNews & AnalysisMay 10, 2023May 10, 2023

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…

Ecobank Uganda partners with MTN to ease accessibility to float for MTN MoMo’s 120,000++  Agents 

The CEO Magazine TeamBusiness & MarketsCompany NewsMay 9, 2023May 9, 2023

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…

Housing Finance Bank opens its 18th branch in Hoima City 

Muhereza KyamuteteraCompany NewsNews & AnalysisMay 8, 2023May 8, 2023

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…

Goldmine Finance opens second branch in Ntinda, promises enhanced services

The CEO Magazine TeamCompany NewsMay 5, 2023May 5, 2023

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…

Explainer: Tech Startups are Built to Grow Fast. So Why Are the Likes of Safeboda and Copia Global Retreating from Markets?

Jonathan N. LubwamaBusiness & MarketsCompany NewsEntrepreneurshipGlobal NewsNews & AnalysisTechnology & InnovationThe Big StoryMay 5, 2023September 18, 2023

Paul Graham, the founder of the highly influential Y Combinator accelerator program penned arguably his most famous essay in September 2012. In this essay, titled Startups = Growth, Paul Graham…

14 million Ugandans are said to have mental health issues. These Ugandan healthcare startups are fighting back

Jonathan N. LubwamaCompany NewsEntrepreneurshipNews & AnalysisTechnology & InnovationThe Big StoryMay 4, 2023May 4, 2023

According to a report from the Uganda Counseling Association and the Ministry of Health, 14 million Ugandans are currently mentally sick. Essentially, this implies that in every 100 Ugandans, 35…

2022 net profits at Diamond Trust Bank’s Ugandan unit grow 16.2% to UGX35.8 bn

CEO ReporterCompany NewsNews & AnalysisThe Big StoryMay 2, 2023May 2, 2023

Diamond Trust Bank Uganda, the Ugandan subsidiary of the Kenya-headquartered Diamond Trust Bank Group has released its 2022 financials reporting double-digit growth in deposits, lending, income, profits and assets. According…