South Africa’s Nedbank Group has unveiled plans to acquire approximately 66% of the issued ordinary share capital of Kenya’s NCBA Group. The move is set to hand the Johannesburg-listed lender…
Uganda’s two largest mobile network operators, Airtel Uganda and MTN Uganda, are estimated to have lost between UGX 22.8 billion and UGX 24 billion in data revenues following the four-day…
Frank Molla, Managing Director for Africa at payments giant MDP, is a strong believer that books are quiet mentors and companions that steer leaders toward depth, courage, and beautifully human…
East African Breweries Plc (EABL) has announced the resignation of its Chief Financial Officer and Executive Director, Risper Ohaga, marking a significant leadership transition at the regional brewing giant at…
The National Social Security Fund (NSSF) has appointed Kenneth Owera as its substantive Chief Investment Officer (CIO). He will steward the Fund’s UGX28 trillion investment portfolio with the target of...
The Umeme Staff Pension Scheme was supposed to be like any other pension fund—steady, predictable, and focused on making sure members get their money on time. But instead of just…
From a childhood of abundance to the humbling lessons of loss, Ninsiima Kakurah’s journey spans continents and careers—culminating in a mission to equip East African families with the tools, strategies,…
KCB Bank Uganda is grappling with the aftermath of a major glitch in its agent banking system that, according to credible reports, resulted in agents across the country receiving more…
The National Social Security Fund (NSSF) is seeking to recover more than UGX708 million in unpaid rent arrears due to Goodra Tumusiime Behakanira. Goodra, a Kampala businesswoman, is the widow of the late Joseph Behakanira and the former owner of Avemar Shopping Mall and J&M Airport Road Hotel. According to court documents filed through the Commercial Division of the High Court, the arrears stem from a breach of a tenancy agreement signed between NSSF and Goodra in September 2019, and later amended in February 2020. The agreement allowed Goodra to lease space for a supermarket, basement stores, a conference hall,…
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In a landmark financial transaction that underscores the growing role of syndicated financing in Africa, Ecobank, the Development Bank of Southern Africa (DBSA), and FirstRand Bank Limited, acting through its…
East Africa’s banking and financial services industry continues to shine on the global stage, with leading institutions from Uganda, Rwanda, Kenya, and Tanzania securing multiple honours at the prestigious Global…
For two decades, Letshego Uganda has been more than a lender; it has been a partner in possibility. Since its entry in 2005, the institution has grown from a niche…
From losing her entire herd overnight to building one of Uganda’s fastest-growing meat brands, Diana Nabukenya Adeyemi’s journey is a testament to resilience, vision, and the power of value addition….
When Patrick Michael Ayota was appointed Acting Managing Director of the National Social Security Fund (NSSF) in December 2022, he stepped into an institution in the midst of a politically…
In a fast-changing Uganda, the definition of wealth is shifting. It’s no longer just about today’s comfort — it’s about building legacies that last. Across the country, more people are looking beyond simple savings accounts, asking bigger questions: How can I secure my children’s education? How do I grow my business into a family enterprise? How do I invest for a retirement free of financial worry? For Stanbic Bank Uganda, these aren’t abstract questions. They are the daily reality of its Personal & Private Banking (PPB) division — a business unit undergoing a strategic transformation to put generational wealth creation…
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