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…
CFAO Motors Uganda Limited (formerly Toyota Uganda), won a deal to supply 11 vehicles to the Bank of Uganda, beating MAC East Africa Ltd to the lucrative UGX3,254,008,582 deal. CFAO Motors is the exclusive manufacturer-authorised distributor of brand-new Toyota vehicles and genuine parts in Uganda, as well as the exclusive offerer of Toyota manufacturer’s warranty. Mac East Africa, on the other hand, offers a wide range of Isuzu vehicles, including pickups, SUVs, trucks, and buses. According to the best-evaluated bidder notice, dated December 29, 2022, posted on the central bank’s website, Mac East Africa failed the technical evaluation stage as…
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Looking back, this could be attributed to the relentless effort across the numerous production value chain of Movit from manufacturing to marketing that were both very innovative and aggressive that earned the brand the reputation it had on the shelves in stalls and in homes. For this to happen, there was a restless mind that pushed for all this to happen, Simpson Birungi. Simpson’s story is one like many other billionaire stories in Uganda. He built Movit from scratch. His is a story nothing short of resilience. A young man in his early twenties, Simpson dreamt of building a homemade…
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While President Museveni was launching the NMS pharmaceutical warehouse in Kajjansi, off Entebbe road, in November 2022, he made a statement on drug theft which should have woken us up and worked towards zero theft of government medicines. The President said drugs bought by Ugandan taxpayers were on sale in the DRC and South Sudan open markets. These drugs are stolen by people known to many of us, but how come we don’t report these people in this racket? Amidst tight budgets, the government has consistently offered the health sector a big vote out of every budget for as long…
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Rocket Health, Uganda’s leading telemedicine provider that offers end-to-end healthcare experience to over 100,000 individual patients, has announced the appointment of Dr. Jacqueline Kitulu, as the chairperson of the board of directors. Dr. Kitulu has over 15 years of executive and organisational leadership in the healthcare sector, with expertise in corporate/organisational governance, board management, and healthcare advocacy. She was recently the President of the Kenya Medical Association and is currently serving on several boards including the Emergency Plus Medical Services (Eplus Kenya), Safaricom Health Advisory Board, PATH Kenya Board and TechCare For All Global Advisory Board. The company has also…
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Samuel Fredrick Mwogeza, hitherto the VisionFund International Global Chief Finance Officer is set to bounce back at Stanbic Bank Uganda, in a yet-to-be-confirmed role, CEO East Africa Magazine can exclusively reveal. According to highly-placed sources, Samuel has already resigned from his position at VisionFund International and is set to join Stanbic Bank this February. VisionFund International is a global multinational, present in 28 countries, including Uganda, and works to improve the lives of children in the developing world by offering Microfinance and other financial services to families. It is a wholly-owned subsidiary of World Vision, a global Christian humanitarian organisation…
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Charles Mudiwa, the former Chief Executive Officer of Stanbic Bank Kenya is tipped to become the next Chief Executive Officer of dfcu Bank in Uganda, CEO East Africa Magazine can exclusively reveal. Dfcu Bank’s CEO Mathias Katamba, resigned from the bank this month and is set to leave at the end of January 2023. In his place, William Sekabembe, the Executive Director and Chief Commercial Officer has been designated by the board, as Ag. Chief Executive Officer. “The board was looking for someone who has run a large bank with a solid and demonstrable results record. They found that in…
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Malaria remains one of the most devastating infectious diseases, causing high morbidity and mortality especially in sub-Saharan Africa. In Uganda, malaria is endemic in approximately 95% of the country, affecting over 90% of the population up to 20% of all hospital deaths. Malaria is the leading cause of morbidity and accounts for 30-50% of out-patient visits at health facilities, 15-20% of all hospital admissions, and up. To 20% of all hospital deaths. Between 2015 and 2019, a total of 23,022 malaria deaths were reported, leading to an overall incidence of 62 deaths/100,000. However, according to official Ministry of Health statistics,…
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DTB Uganda, one of Uganda’s largest banks, has opened its 36th branch at the Kapeeka Liao Shen Industrial Park, with a promise to continue easing access to convenient banking, necessary for Uganda’s development. The branch was officially commissioned on January 12th 2023 at a function presided over by the Chief Coordinator of the Government of Uganda’s Operation Wealth Creation (OWC), General Caleb Akandwanaho and Mr. Hannington Wasswa, the Bank of Uganda Ag. Executive Director Supervision. “Today is a great day. As the people of Kapeeka now have a listening bank at their doorstep to serve and support them in developing…
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The one-of-a-kind Kingdom Kampala Branch will host the bank’s affluent banking brand known as I&M Select Banking, as well as a Corporate Banking Centre, 24-hour ATM and the soon-to-be-launched 24/7 digital self-service hub, known as the I&M Digital Pod. The branch opens 08.30 am – 05.00 pm on working days and 09.00 am – 02.00 pm on Saturdays. The I&M Kingdom Kampala Branch is one of a kind as it houses I&M Select Banking Service that is specifically tailored to High Net Worth Individuals and the bank’s premium banking segment; providing specially packaged products and services that complement their lifestyle…
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Ishta Kutesa Atukunda, the former Head, of Media Relations at the Bank of Uganda, has bounced back from her one-year sabbatical, to take up the Public Relations Manager role at Hariss International Limited. She started work this January. Hariss International are makers of assorted foods and beverages under the Riham brand. They are the No.3 in market share, in the soft drinks category. Ishta spent 9 years at the Bank of Uganda, serving in different roles: Officer, Website and Publications, Head, Information & Research Unit, and Ag. Head, Media Relations. Before the Central Bank, she worked with SMS Media…
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