The Big Story

Centenary Bank’s 2022 net profit rises 18% to reach UGX249.6 billion

Muhereza KyamuteteraBusiness & MarketsCompany NewsThe Big StoryApril 23, 2023April 23, 2023

Uganda’s Centenary Bank has released its 2022 results announcing “substantial growth in 2022 especially in profits, deposits, gross loans, and total assets”. The bank reported an 18% growth in net…

Centenary Group appoints Godfrey Byekwaso as Deputy MD for Centenary Bank Malawi

Muhereza KyamuteteraCompany NewsThe Big StoryApril 22, 2023April 22, 2023

Centenary Group has appointed Godfrey Byekwaso, hitherto the General Manager of Finance at Centenary Bank Uganda, as its Deputy Managing Director for Centenary Bank Malawi, CEO East Africa Magazine can…

Standard Chartered Bank supports World Trade Board’s plan to empower SMEs through trade and finance

CEO ReporterBusiness & MarketsCompany NewsThe Big StoryApril 22, 2023April 22, 2023

Standard Chartered Bank has contributed to the World Trade Board’s new plan to drive greater access to trade finance for MSMEs, the Financial Inclusion in Trade Roadmap. Launched on the…

URA CG John Musinguzi meets importers and PSFU to discuss the improvement of imports flow

Muhereza KyamuteteraCompany NewsPolitics & GovermentThe Big StoryApril 21, 2023April 21, 2023

Uganda Revenue Authority (URA) is to consider mechanisms of relaxing import clearance procedures to facilitate trade and support importers. This follows a recent meeting between URA’s Commissioner General, John Musinguzi,…

Efficiency and growth in a tough operating environment⏤ an interview with Michael Segwaya, Absa Bank Uganda’s ED & CFO

Muhereza KyamuteteraCEO PerspectivesNews & AnalysisThe Big StoryApril 21, 2023April 21, 2023

SMEs are the engine of the economy, yet they were probably some of the worst hit by the pandemic. How is Absa positioned to support SME full recovery and growth?…

Who are the 8 East African Women CEOs on the Africa.com and Standard Bank Group 2023 Definitive List of Women CEOs?

Muhereza KyamuteteraBusiness & MarketsLists & RankingsThe Big StoryApril 20, 2023April 20, 2023

Africa.Com has released the 3rd edition of its annual Africa.com Definitive List of Women CEOs⏤ a data-driven list of 93 women running big businesses on the African continent. The data-driven…

NSSF extends mandatory employer registration deadline to June 30, 2023 as over 1400 new employers register in March 

The CEO Magazine TeamCompany NewsNews & AnalysisThe Big StoryApril 19, 2023April 19, 2023

The National Social Security Fund (NSSF) has today announced an extension of the mandatory registration for employers to June 30, 2023, following requests from small and medium enterprises. Non-compliant employers…

MUMBA KALIFUNGWA: Absa Bank Uganda’s 2022 performance manifests our obsession with our customers’ and stakeholders’ growth

Mumba KalifungwaBusiness & MarketsThe Big StoryThought LeadershipApril 19, 2023April 19, 2023

For many of us, 2022 seemed like the year we had been hoping for. We were going to put the pandemic behind us and find some sort of return to…

Absa Bank Uganda’s 2022 net profit grows 28.9% to UGX141 billion 

Muhereza KyamuteteraBusiness & MarketsCompany NewsNews & AnalysisThe Big StoryApril 18, 2023April 18, 2023

Absa Bank Uganda has this morning released its 2022 financial results, reporting growth in deposits, lending, revenues as well as net profit and assets. The bank, a subsidiary of Absa…

SPECIAL REPORT: Inside the multi-billion shilling financial fraud hydra in Uganda’s financial industry and the industry-wide ambitious proposals to cut off its many heads

Muhereza KyamuteteraBanking & Financial ServicesBusiness & MarketsThe Big StoryWomen In LeadershipApril 17, 2023April 30, 2023

On the evening of Friday, 09th September 2018, unknown persons hacked the mobile money float accounts of a payments aggregator company called Beyonic Ltd and originated payments amounting to UGX2,617,761,200….