The Big Story Archives – Page 108 of 424

Ibrahim Kato takes on Chief Retail Officer role at PostBank Uganda

Paul MurungiCompany News Executive Profiles The Big StoryJuly 3, 2024July 3, 2024

PostBank Uganda has appointed Ibrahim Kato as the Chief Retail Officer. In this new role, Kato will be responsible for the formation and execution of the Bank’s business growth strategy across distribution channels, Fintech Business, Sales, and Bancassurance. Kato is credited for undertaking numerous initiatives and transformations that have significantly contributed to the growth of the Bank’s balance sheet and…

Ernst & Young’s reputation on the line, as World Bank slaps a 30-month ban on EY Kenya

CEO ReporterBusiness & Markets The Big StoryJuly 3, 2024July 3, 2024

The World Bank Group (WBG) has slapped a 30-month ban on Kenya-based Ernst & Young LLP (EY Kenya), which is in connection with sanctionable practices as part of the Somali Core Economic Institutions and Opportunities Program (SCORE) and the Second Public Financial Management Capacity Strengthening Project (PFM II) in Somalia. SCORE was designed to improve the enabling environment for private…

SBG Securities to Revolutionize Financial Investment with Stanbic Unit Trust Launch

Paul MurungiCompany News The Big StoryJuly 2, 2024July 2, 2024

In a move poised to transform Uganda’s investment landscape, SBG Securities, a subsidiary of Stanbic Uganda Holdings Limited, has launched the Stanbic Unit Trust (SUT), an innovative investment vehicle that empowers Ugandans to pool their resources, leveraging professional fund management to generate favourable returns. SBG Securities is a listed entity on the Uganda Stock Exchange (USE) operating four other businesses…

PROFILE: Who is CPA Edward Akol, the designate Auditor General for Uganda?

Muhereza KyamuteteraExecutive Profiles Politics & Goverment The Big StoryJuly 2, 2024July 2, 2024

The Parliamentary Appointments committee will on Thursday 4th July sit to vet Akol Edward, President Museveni’s appointee as the Auditor General. If approved by Parliament, Mr. Akol will be the…

dfcu Bank lauded for 60 Years of Financial Innovation and Customer Commitment

Paul MurungiCompany News The Big StoryJuly 1, 2024August 12, 2024

dfcu Bank marked its 60th anniversary at a grand gala, celebrating six decades of operation and impactful service towards fulfilling its purpose of ‘Transforming Lives and Businesses. The Diamond anniversary event, hosted at Mestil Hotel, Kampala, brought together distinguished guests, including government officials, business leaders, clients, and partners, to commemorate the Bank’s remarkable journey and legacy in Uganda. The night…

Olivia Byanyima: Empowering Entrepreneurs, Preserving Culture and Driving Social Impact Investment in East Africa.

Jonathan N. LubwamaBusiness & Markets Executive Profiles Lists & Rankings The Big StoryJuly 1, 2024July 1, 2024

Olivia Byanyima is one of Uganda’s most prominent investment advisory titans. She graduated from Makerere University with a bachelor’s degree in Quantitative Economics before topping it up with a Masters…

A peek into European Union-supported blended finance vehicles that offer flexible, risk-tolerant financing solutions to SMEs in East Africa

Muhereza KyamuteteraBanking & Financial Services News & Analysis The Big StoryJuly 1, 2024July 1, 2024

I am delighted to be able to address you today on behalf of the EU, at the first EAVCA conference to be held in Uganda, and share insights on the…

ILLICIT TRADE: Billionaire businessman Keshwala’s firm implicated by Ugandan standards body for selling underweight sugar

Muhereza KyamuteteraThe Big StoryJuly 1, 2024July 10, 2025

V.G Keshwala & Sons Limited, a member company of the Keshwala Group has been implicated by the Uganda National Bureau of Standards (UNBS) for being in possession of and distributing…

I&M Bank express interest in listing on Uganda Securities Exchange at its 50th anniversary celebrations

Paul MurungiNews & Analysis The Big StoryJune 30, 2024July 1, 2024

The I&M Bank Board Chairman, Mr. Suleiman Kiggundu has said, the Bank has a plan in motion to list on Uganda Securities Exchange, a move that is set to boost Uganda’s stock market since the listing of the two major telecoms in the last three years. “We hope to list in Uganda soon, we have listed in Rwanda and Kenya,”…

I&M Bank is financially sound- Finance Minister Kasaija reaffirms at the Bank’s 50th anniversary celebrations

Paul MurungiBusiness & Markets News & Analysis The Big StoryJune 30, 2024June 30, 2024

Finance Minister Matia Kasaija has hailed I&M Bank for meeting its minimum paid-up capital requirements of up to UGX 210 billion. Minister Kasaija noted the Bank was resilient and adaptable in the face of emerging challenges, demonstrating the ability to remain financially stable, and compliant with Uganda’s new enhanced capitalisation programme, while Speaking at the Bank’s 50th anniversary celebrations that…

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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