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Company News- Page 15

Company News
Ms. Lilly Ajarova, Chief Executive Officer, UTB (right; foreground) and Mr. Cornwell Muleya, Uganda Airlines Chief Executive Officer of Uganda Airlines (left; foreground) exchange cooperation agreements on February 4th 2020.

Uganda Tourism Board and Uganda Airlines sign landmark Brand Destination Uganda Promotion partnership

Uganda Tourism Board (UTB) and Uganda Airlines have today, February 5th 2020 signed a memorandum of understanding to combine their efforts to promote the tourism potential of Brand Destination Uganda. The two
February 4, 2020
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Stakeholders launch the sustainable finance curriculum developed by aBi Finance Ltd in partnership with the Uganda Institute of Banking and Financial Services (UIBFS), with support from the Royal Danish Embassy, the European Union, and Impact Fund Denmark at the Sheraton Hotel in Kampala.

Uganda launches sustainable finance curriculum to green its financial sector

Uganda on Tuesday launched a new national Sustainable Finance Curriculum aimed at reshaping the country’s financial sector toward inclusive growth, environmental protection, and climate resilience. The initiative, unveiled at the Sheraton Hotel
November 5, 2025
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Stanbic Bank Uganda, Standard Bank Group, Stanbic Bank Kenya, Standard Bank East Africa, Stanbic Bank Tanzania, Joshua Oigara, Patrick Mweheire, Mumba Kalifungwa, Standard Bank investments, Stanbic Business Summit, Standard Bank regional growth, Stanbic cross-border banking, Standard Bank Africa strategy, Stanbic Bank leadership, Standard Bank integration
Driving a Borderless Banking Revolution: (Left–Right) Joshua Oigara, Regional Chief Executive, Standard Bank East Africa; Patrick Mweheire, Group Executive, Regional Businesses; Mumba Kalifungwa, Chief Executive, Stanbic Bank Uganda; and Manzi Rwegasira, Chief Executive, Stanbic Bank Tanzania — the leadership team powering Standard Bank’s bold East Africa strategy that is rewriting the region’s financial playbook through cross-border investment, digital connectivity, and purpose-driven growth.

WE HAVE THE APPETITE, THE PLAN, THE PEOPLE AND THE CAPITAL: Inside Standard Bank East Africa’s Big Push to Become the Region’s Leading Bank

It began over dinner at Nairobi’s exclusive Muthaiga Club, an establishment where East Africa’s captains of industry often mix business with leisure. As Patrick Mweheire, then Regional Chief Executive of Standard Bank
November 4, 2025
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(C) Owek. Charles Peter Mayiga, the Katikiiro of Buganda, hands over a dummy check to Kalema Jimmy, the top scorer of the 2025 Masaza Cup Football Tournament.

Centenary Bank Champions Community and Youth Empowerment at the 2025 Masaza Cup Final

Centenary Bank, Uganda’s leading commercial microfinance bank, has reaffirmed its commitment to community empowerment and youth development through its continued sponsorship of the Masaza Cup tournament, one of the country’s most celebrated
November 3, 2025
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From Left to Right: Equity Group Non-Executive Chairman, Prof. Isaac Macharia, Equity Group Managing Director and CEO, Dr. James Mwangi, and Equity Bank Tanzania Managing Director, Isabela Maganga, during the Q3 2025 Investor Briefing event. Equity Group Holdings Plc posted a 32% growth in Profit After Tax to Kshs. 54.1 billion, up from Kshs. 40.9 billion in the same period last year, marking another quarter of strong performance and resilience. The Group maintained solid profitability with Return on Average Equity of 26.4% and Return on Average Assets of 4.1%, supported by a 16% growth in net interest income and continued efficiency improvements that reduced the cost-to-income ratio to 50.6% up from 55.1%. Regional subsidiaries remained key growth drivers, contributing 45% of Profit Before Tax, 50% of deposits, and 53% of the loan book, with DRC, Rwanda, Uganda, and Tanzania recording robust gains in profitability, deposits, and loans. The results reflect Equity’s ongoing transformation into a diversified, technology-driven regional financial powerhouse with an expanding footprint across East and Central Africa.

Equity Group Announces Strong Q3 2025 Results, Recording A 32% Growth In Profit After Tax Reflecting Strategic Transformation

Equity Group Holdings Plc has announced its Q3 2025 results, showcasing a robust performance driven by strategic transformation and resilience. The Group’s Profit After Tax surged 32% to Kshs 54.1 billion up
October 31, 2025
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Fabian Kasi, MD, Centenary Bank, giving his remarks at the Annual Women Enterprise Conference at the UMA Multipurpose Hall.

Centenary Bank Champions Women’s Economic Empowerment at the 2025 Women’s Enterprise Conference.

Centenary Bank, the largest commercial microfinance bank in Uganda, joined women entrepreneurs, policymakers, and development partners at the annual Women Enterprise Conference with a shared goal of bridging the financial and economic gaps faced
October 31, 2025
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Adu Rando, outgoing Managing Director of Nile Breweries and newly appointed Global Director, BEES MarketPlace Africa — AB InBev’s flagship B2B digital commerce platform. His promotion marks a return to his digital roots after three transformative years in Uganda.

Nile Breweries MD Adu Rando Promoted to Lead BEES—  AB InBev’s Digital MarketPlace for Africa 

Three years after taking over the reins at Nile Breweries Limited (NBL), Adu Rando, the Brazilian Managing Director of the AB InBev subsidiary, has been promoted to Global Director, BEES MarketPlace Africa.
October 31, 2025
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