News & Analysis

I&M Bank completes multi-million dollar core banking system upgrade

Muhereza KyamuteteraBanking & Financial ServicesCompany NewsNews & AnalysisThe Big StoryFebruary 5, 2024February 5, 2024

I&M Bank Uganda over the weekend successfully completed an upgrade of its core banking system to Finacle 10, promising its customers, an improved banking experience.  Finacle is an industry leader…

PSST Ggoobi and BoU’s Dr. Atingi-Ego to headline Absa’s #AFMIndex2023 and Economic Outlook Forum 

Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryFebruary 3, 2024February 3, 2024

Ramathan Ggoobi, the Permanent Secretary and Secretary to the Treasury (PSST) and Dr. Michael Atingi-Ego, the Bank of Uganda Deputy Governor are headlining this year’s Africa Financial Markets Index (AFMI)…

Judiciary’s appellate courts new building to save UGX6 billion annually; enhance physical access to justice

CEO East Africa MagazineNews & AnalysisPolitics & GovermentFebruary 2, 2024February 2, 2024

President Museveni, will on February 09th 2024 inaugurate the Judiciary’s twin-tower office block.  Construction of the seven-storey twin appellate courts buildings with two basement floor parking for 226 vehicles, started…

I&M Bank Uganda phases out old Visa ATM cards; replaces them with Mastercard cards

Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryJanuary 31, 2024January 31, 2024

I&M Bank Uganda has promised to deliver the “best and most convenient banking services and experience” to its customers as it switches from the old Orient Bank-branded Visa debit cards…

EXCLUSIVE: Opportunity Bank to downgrade license to become a Micro-finance Deposit-Taking Institution

Muhereza KyamuteteraBusiness & MarketsNews & AnalysisThe Big StoryJanuary 29, 2024January 30, 2024

Hardly 5 years, after being granted a tier-1 commercial banking license, Opportunity Bank is downgrading back to a Tier 2 Microfinance Deposit-taking Institution (MDI), CEO East Africa Magazine can exclusively…

Can Edward Nambafu restore Minet’s glory days as Uganda’s No.1 insurance broker? 

Muhereza KyamuteteraBusiness & MarketsNews & AnalysisThe Big StoryJanuary 29, 2024January 29, 2024

In November 2022, Minet Uganda⏤ a risk, re-insurance and human capital solutions advisory company celebrated its 5th anniversary. The company has however been present for much longer, but under different…

GnuGrid CRB and Airtel Mobile Commerce Launch Uganda’s First-Ever Mobile Credit Scoring System

CEO East Africa MagazineCompany NewsNews & AnalysisJanuary 29, 2024January 29, 2024

GnuGrid CRB, Uganda’s first and only indigenous credit reference bureau to be licensed by the Bank of Uganda and Airtel Mobile Commerce Uganda Limited, a provider of affordable and secure…

Ugandan Tech Firm, Service Cops Releases SchoolPay ERP⏤ A Major Upgrade to SchoolPay- the Revolutionary Educational Institutions Management Solution

Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryJanuary 29, 2024January 29, 2024

Service Cops, a Ugandan technology company with a presence in the Great African Lakes region has today announced major upgrades to its SchoolPay solution, introducing SchoolPay ERP. The new SchoolPay…

SHAKEN BUT NOT STIRRED: EABL revenues grow to KShs66.5 bn, but rising costs dampen half-year profits

Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryJanuary 28, 2024January 28, 2024

Despite a  strong 16% growth in net sales in the first six months of EABL’s FY2024 (July -December 2023) compared to the same period in the prior year, East African…

Why tourism infrastructure such as the Speke Resort Convention Centre, are of strategic national importance

CEO East Africa MagazineHospitality & TourismNews & AnalysisThe Big StoryThought LeadershipJanuary 26, 2024January 31, 2024

Uganda has just successfully hosted the 19th Non-Aligned Movement (NAM) Summit and the Third South Summit of the G77 and China, at the 3,800 seater Speke Resort Convention Centre. A…