The Big Story

Investment Holding firm TLG Capital acquires 49% stake in Opportunity Bank Uganda

CEO ReporterBanking & Financial ServicesCompany NewsThe Big StoryOctober 9, 2020October 10, 2020

TLG Capital (TLG), an investment holding company, has announced that it has purchased 49% of Opportunity Bank Uganda Ltd (OBUL), a tier 1 financial institution (commercial bank) with 23 branches…

BREAKING: Sudhir Ruparelia Acquires Simbamanyo House

CEO ReporterThe Big StoryOctober 9, 2020October 9, 2020

Sudhir Ruparelia, under Meera Investments Limited – an investment arm of the Ruparelia Group of Companies, is the new owner of Simbamanyo House on Plot 2 Lumumba Avenue, home to…

DTB Kenya and DTB Uganda say they are “aggrieved and dissatisfied” with Hamis Kiggundu ruling, move swiftly to appeal the “unfair and unjust” High Court verdict

Muhereza KyamuteteraThe Big StoryOctober 8, 2020October 9, 2020

Diamond Trust Bank Uganda and Diamond Trust Bank Kenya, have in a joint statement said they are both “aggrieved and dissatisfied” with yesterday’s High Court ruling in which court ruled…

Equal Opportunities Commission skips court for the 3rd time; judge issues her stern and final criminal summons

CEO ReporterThe Big StoryOctober 7, 2020October 7, 2020

The Anticorruption court’s Chief Magistrate Pamella Lamunu Ochay has threatened to order the arrest of Sylvia Muwebwa Ntambi, the Chairperson Equal Opportunities Commission should she fail to appear in court…

Hackers break into mobile money system, make off with unspecified billions belonging to Airtel, MTN, Stanbic, and other financial institutions

Muhereza KyamuteteraBanking & Financial ServicesThe Big StoryOctober 5, 2020October 5, 2020

Unidentified hackers broke into the systems of Pegasus Technologies, a company that integrates mobile money transactions between telcos, banks, and other local, regional, and international money transfer services, making off…

The smartest way to give back to the community- the classic case of Coca-Cola’s Covid-19 community response in Uganda

Muhereza KyamuteteraCompany NewsThe Big StoryOctober 5, 2020October 5, 2020

In the history of Uganda, there probably has never been any single national cause, that has brought together Uganda and Ugandans alike- individual and corporate, than the Covid-19 fundraising drive….

Bank of Africa’s Doreen Nyiramugisha moves to Post Bank to take up the Head of Marketing and Communications role

CEO ReporterBanking & Financial ServicesCompany NewsThe Big StoryOctober 5, 2020October 5, 2020

Doreen Nyiramugisha, the former Manager, Marketing and Communications at Bank of Africa has crossed over to Post Bank Uganda, where she has been appointed Head, Marketing and Communications. Doreen wields…

PATRICK BYABAKAMA KABERENGE: This is why NSSF is in a better position than ever before, to continue delivering exceptional performance!

CEO ReporterThe Big StoryThought LeadershipOctober 3, 2020October 3, 2020

By Patrick Byabakama Kaberenge It has been a year of mixed performance, amidst uncertainty and the Fund has remained resilient even in these turbulent times. On a happy note, head-line…

Opportunity Bank appoints microfinance and financial inclusion expert, Robert Ongodia as its Managing Director; Tineyi Mawocha elevated to Regional Director, Africa

Muhereza KyamuteteraBanking & Financial ServicesThe Big StoryOctober 2, 2020October 2, 2020

Opportunity Bank has appointed microfinance and financial inclusion expert, Robert Ongodia as its new Managing Director for Uganda, to replace Tineyi Mawocha. Mr. Mawocha, remains the Regional Director, Africa, a…

Equal Opportunities Commission boss faces prison if she skips court again

CEO ReporterThe Big StoryOctober 2, 2020October 2, 2020

The troubled head of Equal Opportunities Commission, Mrs. Sylvia Muwebwa Ntambi could end up in prison, should she skip court again. The Anti-Corruption Court, yesterday Wednesday, September 30, 2020, issued criminal…