News & Analysis

Ethiopia’s Awash Bank, enlists services of Uganda’s fintech giants, Service Cops to roll out instant digital microloans

CEO ReporterBusiness & MarketsCompany NewsNews & AnalysisMarch 29, 2023March 29, 2023

Service Cops, one of Uganda’s leading Financial Technology and Business Processes Outsourcing (BPO) firms and Ethiopia’s Awash Bank have reached another milestone agreement to expand their digital-strategy support partnership started…

Tough times ahead for gov’t suppliers as a meagre UGX200bn is allocated to clearing UGX7.6 trillion in domestic arrears

Muhereza KyamuteteraNews & AnalysisThe Big StoryMarch 27, 2023March 27, 2023

Members of the Civil Society Budget Advocacy Group (CSBAG) have urged the government to address domestic arrears in the 2023/2024 financial year. The civil society group led by their economist,…

NAMILYANGO COLLEGE @121 YEARS: Old Boys to honour fallen Headmaster, Dr. Peregrine Kibuuka with UGX1 bn endowment fund

Muhereza KyamuteteraCompany NewsNews & AnalysisMarch 25, 2023March 25, 2023

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…

Airtel Uganda extends its strategic partnership with Buganda Kingdom for another 3 years  

CEO ReporterCompany NewsNews & AnalysisMarch 25, 2023March 25, 2023

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,…

PostBank Launches Financial Literacy Training for Parish Development Model SACCOs in Kayunga

Muhereza KyamuteteraCompany NewsNews & AnalysisMarch 25, 2023March 25, 2023

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…

URSB Trains Judicial Officers, And Lawyers On Insolvency and Restructuring Practice

CEO ReporterCompany NewsNews & AnalysisPolitics & GovermentMarch 22, 2023March 22, 2023

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…

Dr. Sudhir Ruparelia beckons wealthy global Lohana Community investors to invest in Uganda

Muhereza KyamuteteraNews & AnalysisThe Big StoryMarch 22, 2023March 22, 2023

Billionaire businessman and Chairman of the Ruparelia Group, Dr. Sudhir Ruparelia, has made a spirited pitch to the influential Lohana Community businessmen and businesswomen to invest in Uganda, saying the…

Amidst falling newspaper revenue, Vision Group bets on radio and television

Muhereza KyamuteteraBusiness & MarketsNews & AnalysisThe Big StoryMarch 20, 2023March 22, 2023

Last week, Vision Group, released its results for the 6 months leading to December 2022, reporting that overall turnover declined by 25.80%⏤ from UGX61.1 billion in the 6 months to…

Demystifying Offshore Banking⏤ what it is, the benefits and what you need to look out for 

Julius MasabaBanking & Financial ServicesNews & AnalysisThought LeadershipMarch 17, 2023March 17, 2023

The other Friday (3rd March 2023), I had a meeting with some two gentlemen from a UAE and Indian-based wealth management firm. This was at the Nsambya-based Mestil Hotel.  Apparently,…

I&M Bank Uganda launches offshore banking; promises world-class international banking, investment and advisory services

Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryMarch 17, 2023March 17, 2023

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…