The Big Story Archives – Page 106 of 424

dfcu Bank to pay final dividend of UGX 6.8 billion to shareholders in August as profits rise to UGX 34 billion

Paul MurungiBusiness & Markets News & Analysis The Big StoryJuly 13, 2024July 14, 2024

dfcu Bank is set to pay a final dividend of UGX 6.8 billion to its 3,851 shareholders by August 31st after the Board of Directors made a final approval at the Annual General Meeting held at Hotel Africana on Thursday this week. Speaking on behalf of the Board of Directors, Mr Jimmy Mugerwa, the Chairman Board said the bank upheld…

Vivo Energy assures Uganda of continued quality and reliable supply of Shell products as Uganda starts its own importation of fuel

Muhereza KyamuteteraCompany News News & Analysis The Big StoryJuly 13, 2024July 13, 2024

As the Government of Uganda starts importing its own fuel, marking an end to an era of Government of Kenya-controlled importation and supply, Vivo Energy Uganda, the industry leader, has…

BANKING ON PEOPLE: Meet I&M Bank Uganda’s senior executives, driving its transformation

Muhereza KyamuteteraCompany News Executive Profiles The Big StoryJuly 12, 2024July 12, 2024

Speaking at the Friday, 28 June 2024 anniversary gala to market the I&M Group Plc’s 50th anniversary, held at the Kampala Serena Hotel, a confident Suleiman Kiggundu, the Board Chairman…

Senior Counsel Francis Gimara appointed Non-Executive Director at dfcu Limited

Paul MurungiExecutive Profiles The Big StoryJuly 12, 2024July 12, 2024

Senior Counsel Francis Gimara has been appointed the Non-Executive Director on the dfcu Board of Directors following a successful majority vote as an approval from shareholders of dfcu Bank, the flagship business of dfcu Limited, at the Annual General Meeting (AGM) that was held on Thursday, 11th July, 2024. Mr Gimara was appointed to fill a casual vacancy on the…

Ugandan billionaire Dr. Sudhir Ruparelia to headline at 14th UK-Uganda Trade & Investment Summit

Muhereza KyamuteteraCompany News News & Analysis The Big StoryJuly 12, 2024July 12, 2024

Billionaire Ugandan businessman, Dr. Sudhir Ruparelia who has made a USD1 billion fortune investing in Uganda since the 1980s, will be a keynote speaker at this year’s, 14th UK-Uganda Annual…

Commercial Banks’ lending rates rise to 20 percent in 3 months as credit demand drops to UGX 5.1 trillion

Paul MurungiThe Big StoryJuly 11, 2024July 12, 2024

The Central Bank of Uganda (BOU) has indicated that the quoted lending rates for commercial banks rose in the three months to April, averaging 20.8 percent, just 20 basis points (0.2 percent) above the reading in the three months to January 2024. The details contained in the new BOU State of the Economy report shows that the weighted average shillings…

The Ten Biggest Funding Rounds Raised by Ugandan Startups from 2019 to 2024.

Jonathan N. LubwamaBusiness & Markets Entrepreneurship The Big StoryJuly 11, 2024July 11, 2024

Ugandan startups have increasingly become attractive to VC firms across Africa. Outside the big four of Kenya, South Africa, Nigeria and Egypt, Uganda regularly hovers next to them competing with…

PROFILES⎮ Meet MTN MoMo’s fluent-in-fintech dozen leading the search for Mo shared growth

Muhereza KyamuteteraCompany News Executive Profiles The Big StoryJuly 11, 2024July 13, 2024

Of this, MTN Mobile Money (U) Limited (MTN MoMo) the fintech subsidiary of MTN Uganda, Uganda’s largest telco commanded a lofty market share of 12.36 million active customers (56% market…

INSIDE STORY: Bank of Uganda moves to purchase gold from Ugandans as exports hit UGX 514 billion in three months

Paul MurungiBusiness & Markets News & Analysis The Big StoryJuly 11, 2024July 14, 2024

Ugandans are set to earn big from gold sales as the Bank of Uganda (BOU) initiates a Domestic Gold Purchase Programme which is aimed at building the country’s foreign reserves and minimizing associated risks on reserves investments in the international financial markets. The gold purchase programme will involve purchasing gold directly from the artisanal and small scale miners, which also…

How Dr. Denis Ngabirano Built Sumz into a Multi-Billion Snacks Giant.

Jonathan N. LubwamaCEO Of The Week Executive Profiles The Big StoryJuly 9, 2024July 9, 2024

On a trip to any supermarket in Kampala, one will be met with aisles of snacks with the label Sumz. From crisps to chocolate cookies or roasted ground nuts, Sumz…

The Big Story

Nicholas Mukasa Appointed Bank of Namibia Deputy Governor

Unresolved Commercial Disputes Climb to UGX 3.5 Trillion as Chief Justice Zeija and BoU Governor Atingi-Ego Push for ADR

Kenya’s High Court Clears Path for KSh 300 Billion Asahi–Diageo Deal Despite Ongoing Distribution Dispute

Nigeria’s Zenith Bank Acquires Kenya’s Paramount Bank as Profits Hit ₦1.04 Trillion