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…
The League of East African Directors (LEAD) has announced the appointment of Pheona Nabasa Wall as its first-ever CEO. LEAD is a not-for-profit organisation which was formed after realising that many East African companies in need of directors did not have a consolidated reference point for the selection and training of active and potential directors and tended to rely on personal references and “club” like structures to make board-level appointments. The mission of LEAD is ‘Equipping of Boards for the advancement of East African businesses’. LEAD has supported the selection of directors for organisations in the East African region for…
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I&M Bank Uganda has in collaboration with Bank One, a Mauritius-based bank, launched a world-class offshore banking solution, that allows its clients to have an array of international banking, investment and financial advisory services. Bank One, is a subsidiary bank of the I&M Group Plc and a sister bank to I&M Bank Uganda. An offshore, or overseas, bank account is one held by a client outside their country of residence. It allows the client to make and receive payments internationally, hold money and set up savings and investment accounts in multiple currencies. At its basic, off-shore banking allows clients access…
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Martin Rohner the Executive Director, Global Alliance for Banking on Values (GABV), has commended Centenary Bank for adopting transformative solutions that will aid in creating a sustainable finance ecosystem. In conjunction with the GABV ED Martin Rohner, Fabian Kasi a member of the board of governors GABV embarked on a one-week courtesy visit of financial institutions within the East African region to interest more Banks into joining the GABV. GABV is a network of independent banks using finance to deliver sustainable economic, social and environmental development. Through GABV, several financial institutions have intentionally served their communities while enriching the finance…
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The Deputy Executive at National Planning Authority Charles Olweny Ojok has urged technology entrepreneurs and organisations to embrace the shared digital economy to enhance efficiency and competitiveness as well as create enhanced customer experiences. “Using shared digital platforms will make it easier for end-users to access products and services, resulting in reduced operational costs, and improved sales for entrepreneurs and service providers. The shared platforms will make it easier to reach last-mile users in the rural communities – who for long have been digitally excluded”, said Mr Olweny. He was speaking at the just-ended Digital Economy Showcase, held at the…
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AT Uganda has called upon the Government to ramp up efforts to curb illicit trade in cigarettes, which it says is impacting the sustainability of its business. In its 2022 performance results announced today, the Company recorded a 6% revenue growth, to UGX 99.5 billion. Profit after tax dropped by 4% from UGX10.3 billion to UGX9.9 billion, driven by a higher cost of operations which more than offset the increase in revenue. The total cost of operations grew by 15% to UGX34.5 billion in line with higher sales volumes and inflationary increases in input costs net of savings, the company…
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Rubis Energy Uganda Limited has won a USD17,296,320.5 tender to supply Heavy Fuel Oil (HFO) for the Namanve Thermal Power Plant. The plant is run by Uganda Electricity Generation Company Limited (UEGCL). This follows The Public Procurement And Disposal Of Public Assets Appeals Tribunal’s dismissal of an appeal by Maxol Uganda Limited, one of the unsuccessful bidders. Maxol had appealed against Rubis Energy being declared the best-evaluated bidder. Maxol’s bid was rejected because its proposed HFO presented a net calorific value of 40,483 KJ/kg and a gross calorific value of 42,103 Kj/kg, yet the bidding document required a net calorific…
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Lydia Nakamya, a banker with over 16 years of experience has been appointed the new General Manager, Affluent Banking and Wealth Management at Standard Chartered Bank effective January 2023. She, most recently, headed the Digital Banking and Partnership team where she recorded “a double year-on-year growth across all metrics”. “With her experience in the innovation space, she brings a whole new approach to the Affluent business,” reads an announcement by the bank about her appointment. Lydia, is no stranger to the affluent banking and wealth business, she has previously headed Priority client relationships at the bank, building a “successful 10-year…
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usinesses must make cyber risk management an integral part of their business strategy so as to match the dynamic and ubiquitous new age cyber risks, Peter Kahiigi, Chief Technology Officer – Centenary Technology Services, has advised. He was speaking at a PwC Uganda-organised Non-Executive Director (NED) Forum to discuss managing cyber risk in commercial entities. ‘Today, it is easier to steal electronically than it is to break into a bank, as an example, owing to the convenience that comes with digital technologies. Cyber risk management is no longer a practice to be relegated to the back of the room,” Mr….
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Malaria Free Uganda Initiative has boosted the government’s fight against malaria with a donation of UGX160,000,000 to the Ministry of Health. A bulk of these funds were raised during the “Malaria Family Carnival” held in conjunction with the Rotary Club last December. Ecobank matched the kitty with a donation of UGX 80,0000,000 from its Zero Malaria Business Leadership (ZMBLI) matching fund, to make the above UGX160,000,000. Led by Ecobank Group and Speak Up Africa and in collaboration with the RBM Partnership to End Malaria, the “Zero Malaria Businesses Leadership Initiative (ZMBLI) supports the second pillar – private sector engagement –…
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Small and medium-sized enterprises (SMEs) that apply for trademarks, copyright and patent protection are more likely to experience more growth than SMEs that do not, according to Minister of Science, Technology & Innovation Hon. Dr. Monica Musenero. The Minister said this while delivering her opening remarks during the national workshop on intellectual property (IP) for small and medium enterprises in Kampala. The two-day conference which was organised by the World Intellectual Property Organization (WIPO) in collaboration with the Uganda Registration Services Bureau (URSB) and the African Regional Intellectual Property Organization (ARIPO), with the support of the Japan Patent Office (JPO)…
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