Ecobank Uganda has today announced that it has partnered with financial technology firm, MTN Mobile Money Uganda Limited (MTN MoMo) to enable mobile money traders, merchants, and consumers to access electronic cash commonly known as float at any of Ecobank’s branches and Digital solutions (Omni Lite and Omni Plus) countrywide. “We are delighted to partner with the largest and most subscribed financial technology company in Uganda, to ease access to mobile money float in our effort to enable our business and individual customers to #GoForMore. This partnership is in line with Ecobank’s strategic pillar of partnership to scale. At Ecobank,…
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Ecobank Uganda, the Ugandan unit of the Ecobank Group has today published its 2022 results, reporting a marked double-digit turnaround on nearly all its key fundamentals. The bank also reported a return to profitability. In results released today, the bank reported that deposits grew 17% from UGX377.3 billion to UGX443.9 billion, a growth of UGX66.6 billion. This allowed the bank to grow its lending⏤ by 74.8% from UGX83.4 billion last year, to UGX145.8 billion. Growth in lending and interest income led total income to grow by 8.3% from UGX53.3 billion to UGX57.7 billion. Rising income, coupled with a reduction in…
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Businessman, tech guru and media mogul, Kin Kariisa has ended his 10 years on the board of Ecobank Uganda, a subsidiary of Ecobank Transnational Incorporated (ETI), one of Africa’s largest financial brands, leaving behind a well-entrenched bank, with great growth prospects. Kariisa who joined the bank’s board, in 2012, rising to become Chairman in 2019, was on Thursday, 12th May, together with Mrs Gertrude Lutaaya, another board member for 10 years, hosted by the bank, to a powerful farewell dinner at the Sheraton Kampala Hotel, in honour of their commitment service. The dinner, which was hosted by Grace Muliisa, the…
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Grace Muliisa, the former Head Personal and Business Banking at Stanbic Bank, since July 2020, has been appointed the Managing Director for Ecobank Uganda Limited, CEO East Africa Magazine can exclusively reveal. On approval by the Central Bank, Grace is set to replace Mrs Annette Kihuguru, the bank’s long-serving Executive Director, who has been Acting Managing Director, since July 2020. Annette, replaced, Mr Clement Dodoo, who left the Ecobank Group to take up the Group Director, Integrations role at Equity Group Holdings Limited in Nairobi. We understand Annette is retiring from banking after a three-decade long banking career. It is…
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Stella Ladona Wattanga, currently the Head of Legal and Company Secretary, Cairo Bank Uganda is a banking and Legal Professional with 10 years’ experience driving organizational growth and operational efficiency through formulation and review of strategies and policies to ensure compliance with international best practice and existing law She joined the Bank in 2019 and led it though a complex process of rebranding and changing its shareholding and name as a strategy to cement its place in the Ugandan banking industry. Before this career move, she was the Head Legal and Company Secretary at GTBank Uganda Limited. Her first bank placement…
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