Company News

Green mobility startup, MAUTO, to create 9000 jobs in Uganda by deploying 140,000 electric motorbikes and 3000 battery charging and swapping centres 

Muhereza KyamuteteraCompany NewsNews & AnalysisApril 3, 2023April 3, 2023

MAUTO, the leading electric motorbike and battery-swapping provider has signed a partnership agreement with the government of the Republic of Uganda for the deployment of more than 140,000 electric motorbikes…

OPINION: How Roofings Group’s eco-friendly steel products manufacturing is good for Uganda’s sustainable future

Edwin AbaasaCompany NewsNews & AnalysisThought LeadershipApril 3, 2023April 3, 2023

As the world becomes more aware of the need to protect our environment, it’s important for companies to take responsibility and make eco-friendly choices. That’s why Roofings group, the leading…

I&M Group PLC 2022 profits grow by 34% to USD87.8 million on the back of its regional growth strategy and accelerated digital adoption

CEO ReporterCompany NewsNews & AnalysisThe Big StoryMarch 31, 2023March 31, 2023

I&M Group PLC has recorded KES 11.6 billion (USD87.8 million)  in profit after tax for the full year ending December 2022; a 34% increase in profitability from KES 8.6 billion…

dfcu posts strong comeback as profits grow 217% 

Muhereza KyamuteteraBusiness & MarketsCompany NewsThe Big StoryMarch 31, 2023April 3, 2023

Dfcu Limited, the holding company for dfcu Bank has this morning released its performance results for 2022, reporting a strong comeback.  The company announced that net profit grew by 217%…

Stanbic launches 8^th edition of National Schools Championship

CEO ReporterCompany NewsNews & AnalysisMarch 30, 2023March 30, 2023

Stanbic Bank has unveiled the 8th edition of the National Schools Championship programme to further support Uganda’s economic resilience. The programme, which has been running for the last eight years…

Ethiopia’s Awash Bank, enlists services of Uganda’s fintech giants, Service Cops to roll out instant digital microloans

CEO ReporterBusiness & MarketsCompany NewsNews & AnalysisMarch 29, 2023March 29, 2023

Service Cops, one of Uganda’s leading Financial Technology and Business Processes Outsourcing (BPO) firms and Ethiopia’s Awash Bank have reached another milestone agreement to expand their digital-strategy support partnership started…

HOW WE DID IT: Stanbic Bank’s Chief Executive, Anne Juuko explains the facts and impact underlying 2022 financial performance  

Anne JuukoBusiness & MarketsCompany NewsThought LeadershipMarch 29, 2023March 29, 2023

I am pleased with the bank’s robust performance in 2022, a year in which we registered notable progress in enabling the aspirations of our various stakeholders, including customers, shareholders, staff,…

EVERY EMPLOYER MUST REGISTER AND PAY: NSSF moves to enforce revised NSSF Act, gives employers a 30-day ultimatum 

CEO ReporterBusiness & MarketsCompany NewsPolitics & GovermentMarch 28, 2023March 28, 2023

All employers in Uganda, irrespective of the number of workers employed, have only 30 days to register with the National Social Security Fund (NSSF) and remit social security contributions for…

NAMILYANGO COLLEGE @121 YEARS: Old Boys to honour fallen Headmaster, Dr. Peregrine Kibuuka with UGX1 bn endowment fund

Muhereza KyamuteteraCompany NewsNews & AnalysisMarch 25, 2023March 25, 2023

Namilyango College Old Boys Association (NACOBA) is to honour its fallen longtime Headmaster, Peregrine Kibuuka with the setting up of a UGX 1 billion endowment foundation. This is as the…

Airtel Uganda extends its strategic partnership with Buganda Kingdom for another 3 years  

CEO ReporterCompany NewsNews & AnalysisMarch 25, 2023March 25, 2023

Telecom services provider, Airtel Uganda, has extended its partnership with Buganda Kingdom for another 3 years. The contract renewal was announced March 16th 2023 the Kingdom’s headquarters, at Bulange, Mengo,…