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Esther Maruma is a ‘mompreneur’ and Managing Director, Bank of Africa in Tanzania since may 2024. “With over a decade of experience in the banking sector, my career has been defined by a commitment to excellence, strategic growth, and a deep understanding of the dynamic financial landscape,” she says on her LinkedIn page. Before Bank of Africa, Esther was Director, Global Markets, Corporate & Investment Banking at Absa Bank Tanzania from 2020 to 2024. She also served Barclays Bank Tanzania as Director, Global Markets CIB, Country Director of Markets & Ag. Corporate Banking Director, Vice President: Head of CIB Markets,…
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As Uganda’s economy gains momentum in its post-pandemic rebound, a quiet contradiction is taking shape in the financial sector. On the surface, there’s cause for celebration. Mobile money volumes are…
Due to an explosion of technology, the world is becoming one big borderless global trading village, active 24/7. The way of life is now more synchronized providing endless opportunities for trade. Uganda as an example now derives 52% (USD2.012 billion out of USD3.890 billion) of its exports revenue from her African trading partners (led by Kenya, DRC, South Sudan, and Tanzania) compared to 29% (USD136.1 million out of USD470 million) in FY2001/02. In the next 5 years, the African Continental Free Trade Area (AfCFTA) is expected to open further, a market of 1.3 billion people across 55 African countries with…
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Doreen Nyiramugisha, the former Manager, Marketing and Communications at Bank of Africa has crossed over to Post Bank Uganda, where she has been appointed Head, Marketing and Communications. Doreen wields 9 years of experience in marketing and communications, most of which have been spent in top-tier advertising agencies in Uganda. She broke her marketing teeth as an Account Executive at Fireworks Advertising where she managed key brands such as Centenary Bank, NSSF Uganda, and Uganda Insurers’ Association among others. She later joined SCANAD Uganda where she was the Account Manager for Barclays Bank (now Absa Uganda). She went on to…
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Most often people do look out for profits or losses in a bank’s results, but there is often a lot of facts behind the figures that go unmentioned. What are some of the key highlights about your 2019 results that are worth celebrating? It is true that our performance reflects healthy growth in net profit by 33% between 2018 and 2019. However, our financial performance reflects much more – growth, resilience, and sustainable banking. We increased our financial services intermediation as reflected in our credit book growth by 15%. This growth was largely driven by additional credit facilities to small…
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George Egaddu, a Certified Public Accountant with a career spanning over 35 years, has been named Board Chairman at Bank of Africa’s (BOA) Uganda operation. BoA has also named renowned…
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