Company News

PICTORIAL: An exclusive peek inside the magnificent Speke Resort Convention Centre

CEO East Africa MagazineCompany NewsLifestyleThe Executive TravelerFebruary 13, 2024February 13, 2024

Are you considering hosting a domestic, regional or international meeting/conference/exhibition on the African continent and looking for one of the most beautiful locations on the continent? The  Speke Resort Convention…

Herbert Wigwe, CEO of Access Holdings Plc, dies in U.S. Helicopter Accident

Muhereza KyamuteteraCompany NewsThe Big StoryFebruary 11, 2024February 11, 2024

Herbert Wigwe, the Group CEO of Access Holdings Plc, whose subsidiary bank, Access Bank Plc has just acquired Uganda’s Finance Trust Bank has died in a U.S. helicopter accident. He died…

I&M Bank completes multi-million dollar core banking system upgrade

Muhereza KyamuteteraBanking & Financial ServicesCompany NewsNews & AnalysisThe Big StoryFebruary 5, 2024February 5, 2024

I&M Bank Uganda over the weekend successfully completed an upgrade of its core banking system to Finacle 10, promising its customers, an improved banking experience.  Finacle is an industry leader…

PSST Ggoobi and BoU’s Dr. Atingi-Ego to headline Absa’s #AFMIndex2023 and Economic Outlook Forum 

Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryFebruary 3, 2024February 3, 2024

Ramathan Ggoobi, the Permanent Secretary and Secretary to the Treasury (PSST) and Dr. Michael Atingi-Ego, the Bank of Uganda Deputy Governor are headlining this year’s Africa Financial Markets Index (AFMI)…

Sino-African trade: Absa Group opens office in China

Muhereza KyamuteteraCompany NewsGlobal NewsThe Big StoryFebruary 1, 2024February 1, 2024

Absa Group today announced its physical expansion into the People’s Republic of China with the opening of a new non-banking subsidiary in Beijing. The non-banking subsidiary is now open, with…

I&M Bank Uganda phases out old Visa ATM cards; replaces them with Mastercard cards

Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryJanuary 31, 2024January 31, 2024

I&M Bank Uganda has promised to deliver the “best and most convenient banking services and experience” to its customers as it switches from the old Orient Bank-branded Visa debit cards…

GnuGrid CRB and Airtel Mobile Commerce Launch Uganda’s First-Ever Mobile Credit Scoring System

CEO East Africa MagazineCompany NewsNews & AnalysisJanuary 29, 2024January 29, 2024

GnuGrid CRB, Uganda’s first and only indigenous credit reference bureau to be licensed by the Bank of Uganda and Airtel Mobile Commerce Uganda Limited, a provider of affordable and secure…

Ugandan Tech Firm, Service Cops Releases SchoolPay ERP⏤ A Major Upgrade to SchoolPay- the Revolutionary Educational Institutions Management Solution

Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryJanuary 29, 2024January 29, 2024

Service Cops, a Ugandan technology company with a presence in the Great African Lakes region has today announced major upgrades to its SchoolPay solution, introducing SchoolPay ERP. The new SchoolPay…

CEO OF THE WEEK: Andrew Kilonzo, Uganda Breweries Limited

Muhereza KyamuteteraC-Suite LeadershipCEO Of The WeekCompany NewsThe Big StoryJanuary 28, 2024January 28, 2024

East Africa Breweries Limited last week released its results for the first six months of its FY2024, showing that it registered an impressive 16% growth in net sales revenue from…

SHAKEN BUT NOT STIRRED: EABL revenues grow to KShs66.5 bn, but rising costs dampen half-year profits

Muhereza KyamuteteraCompany NewsNews & AnalysisThe Big StoryJanuary 28, 2024January 28, 2024

Despite a  strong 16% growth in net sales in the first six months of EABL’s FY2024 (July -December 2023) compared to the same period in the prior year, East African…