The Big Story

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%…

NEMA car dustbin law is unconstitutional and should be dustbinned⏤senior lawyers insist 

Muhereza KyamuteteraNews & AnalysisPolitics & GovermentThe Big StoryMarch 30, 2023March 30, 2023

With only a few hours left to the commencement of a National Environment Management Authority (NEMA) directive to the motoring public to have dustbins installed in their motor vehicles, senior…

Stanbic Holdings rides on Stanbic Bank to post stellar 2022 performance

Muhereza KyamuteteraBanking & Financial ServicesBusiness & MarketsThe Big StoryMarch 29, 2023March 29, 2023

Stanbic Holdings Uganda Limited has released its performance for 2022, reporting record-breaking growth across all parameters. SUHL is part of the Standard Bank Group, Africa’s largest Bank and is comprised…

Tough times ahead for gov’t suppliers as a meagre UGX200bn is allocated to clearing UGX7.6 trillion in domestic arrears

Muhereza KyamuteteraNews & AnalysisThe Big StoryMarch 27, 2023March 27, 2023

Members of the Civil Society Budget Advocacy Group (CSBAG) have urged the government to address domestic arrears in the 2023/2024 financial year. The civil society group led by their economist,…

OPINION: As AfCFTA Rules Of Origin edge closer to finalisation; prudent implementation could unlock the trade pact’s full potential

Mable KisakaLegal & JusticeThe Big StoryThought LeadershipWomen In LeadershipMarch 27, 2023March 27, 2023

It has been reported that the Rules of Origin (the “RO”), set forth in Annex 2 of the African Continental Free Trade Area Agreement (the “AfCFTA” and “Treaty,” respectively) and…

Centenary Group officially launches its Malawi subsidiary, promises innovative solutions to underserved communities 

CEO ReporterBusiness & MarketsCompany NewsThe Big StoryMarch 23, 2023March 23, 2023

Centenary Group, one of Uganda’s largest players in financial and digital inclusion, has officially launched its Malawi subsidiary⏤ Centenary Bank Limited, promising to bring its innovative solutions to underserved communities…

Dr. Sudhir Ruparelia beckons wealthy global Lohana Community investors to invest in Uganda

Muhereza KyamuteteraNews & AnalysisThe Big StoryMarch 22, 2023March 22, 2023

Billionaire businessman and Chairman of the Ruparelia Group, Dr. Sudhir Ruparelia, has made a spirited pitch to the influential Lohana Community businessmen and businesswomen to invest in Uganda, saying the…

LEGAL OPINION: Without a substantive Bank of Uganda Governor, both the Bank of Uganda Board and Deputy Governor are functioning illegally 

Fred MuwemaPolitics & GovermentThe Big StoryThought LeadershipMarch 22, 2023March 22, 2023

Bank of Uganda has previously claimed that the death last year of the former Governor, Prof. Mutebile, did not affect the validity or legal status of the bank notes he…

GUARDIAN OF OUR BANK DEPOSITS⏤ Spotlight on Julia Clare Olima Oyet, the CEO of Uganda’s Deposit Protection Fund

Muhereza KyamuteteraC-Suite LeadershipThe Big StoryWomen In LeadershipMarch 21, 2023March 22, 2023

If you have listened to, seen or heard most adverts by banks these days, you must have heard at the end, a sign-off that, “deposits are protected by the Deposit…

Q&A: How to thrive with I&M Bank’s Offshore Banking and everything else you need to know about offshore banking

Muhereza KyamuteteraBusiness & MarketsCEO PerspectivesThe Big StoryMarch 20, 2023March 23, 2023

In this interview, Sam Ntulume, the Ag. Managing Director/CEO, explains everything you need to know about offshore banking and its multiple benefits.   What is Offshore Banking?  Offshore Banking, at…