The Big Story

Court attaches Daily Monitor’s UGX450 million in Citibank to pay Bigirimana for defamation

CEO ReporterThe Big StoryFebruary 17, 2023February 17, 2023

The High Court has ordered Citibank to attach and remit UGX450 million from Daily Monitor’s bank account to an account in Stanbic Bank in favour of the Permanent Secretary/ Secretary…

Great thing$ happen when hard work meet$ appropriate financing- the sweet tale of Uganda Development Bank and Bwendero Dairy Farm in Hoima district

Muhereza KyamuteteraBusiness & MarketsCompany NewsNews & AnalysisThe Big StoryFebruary 16, 2023February 24, 2023

BDF was started by the late Hon. Caesar Joseph Magara in 1964, on a small piece of land in Kitoba village, Hoima district. Caesar Magara was a Member of Parliament…

One year after rebranding from Orient Bank to I&M Bank Uganda, the promise to deliver more than just banking is here 

CEO ReporterBanking & Financial ServicesThe Big StoryFebruary 16, 2023February 16, 2023

At a ceremony to mark the transition from Orient Bank to I&M Bank Uganda in November 2021, Suleiman I. Kiggundu, the then Orient Bank Chairman and now I&M Bank Chairman…

STANBIC USD1.8 MILLION THEFT: Bank speaks out; confirms theft but denies there was an intrusion of its IT systems

The CEO Magazine TeamBusiness & MarketsThe Big StoryFebruary 13, 2023February 13, 2023

Stanbic Bank Uganda, has spoken out about the brazen theft of USD1.8 million from one of its customers, Nile Energy Limited. In a brief statement released today, the bank acknowledged…

NSSF PROBE: For every shilling we spent, we made 9 times more value for our members; management upholds its performance record

CEO ReporterBusiness & MarketsNews & AnalysisThe Big StoryFebruary 13, 2023February 13, 2023

The management of the National Social Security Fund (NSSF) has defended its performance track record, insisting that they have delivered value for the members, even amidst claims of mismanagement and…

Government of Uganda’s Solar-powered Water Irrigation Project is on course for completion by 2024, affirms Nexus Green, the Contractor  

CEO ReporterCompany NewsThe Big StoryFebruary 13, 2023February 13, 2023

Nexus Green Limited, the company contracted by the government of Uganda to construct 687 solar-powered water irrigation sites across the country, has said the project is on course for completion…

PRODUCT REVIEW: Ecobank eases school fees burden with Edusave Loan- an affordable, flexible, and convenient personal loan for parents 

Muhereza KyamuteteraCompany NewsThe Big StoryFebruary 12, 2023February 12, 2023

As the back-to-school season continues, especially for senior one and senior five students, Ecobank Uganda has launched Edusave Loan-  an affordable, flexible, and convenient personal loan for parents with school-going…

I&M Bank woos corporate clients with a new personalised branch at Kingdom Kampala

Muhereza KyamuteteraCompany NewsThe Big StoryFebruary 12, 2023February 12, 2023

I&M Bank Uganda, formerly Orient Bank, is set to officially launch at its Kingdom Kampala branch, a one-of-a-kind service that enhances its digital offering and caters to changing customer needs.  Tailored…

UDB TO THE RESCUE: Government-owned development finance leader reports 52% growth in the lending portfolio for 2022

Muhereza KyamuteteraThe Big StoryFebruary 11, 2023February 11, 2023

At a time when post-Covid-19 private sector credit growth remains constrained with mild growth in a select few sectors, Uganda Development Bank (UDB) has reported a 52% gross loan portfolio…

International Day of Women and Girls in Science: A focus on how Coca-Cola Beverages Africa (CCBA) is supporting women take up their rightful place in science careers

The CEO Magazine TeamBusiness & MarketsCompany NewsThe Big StoryWomen In LeadershipFebruary 11, 2023February 11, 2023

Today, February 11th, the world marks the International Day of Women and Girls in Science, against the backdrop of growing climate change concerns and health crises. This, together with the…