The total assets of Uganda’s financial services industry reached UGX.45.81 trillion, or 44.3 percent of Uganda’s GDP, as at end December 2018. The banking sector, dominated 69% of these assets,…
It has been almost 15 years since Uganda adopted the access to Information (ATI) Act (2005). The ATI act empowers citizens to scrutinize government decisions and hold public officials accountable,…
By Damali Ssali. There are several factors that influence the value and volume of trade. However, tariffs on tradeable goods and services are one of the most significant factors. International…
Two major mergers and acquisitions in the Ugandan financial sector made headlines in 2008. One was the $25.3 million acquisition of Uganda Microfinance Limited (UML) by Kenya’s Equity Bank and…
Arthur Isiko (FCCA), is a seasoned banker who has spent 17 years in banking at BANK OF AFRICA’s Uganda country operation. He joined the Bank in 2003 from PricewaterhouseCoopers as an Audit Manager and rose to become the Head of Finance, a role he served in for 6 years. In April 2010, he was appointed the Bank’s Executive Director and later became Managing Director in October 2015. He holds a Bachelor of Commerce degree in Accounting from Makerere University and an MBA from the University of Warwick.
Since taking on the role, the Bank has steadily grown its total asset book by 64% from UGX 498billion in 2014 to UGX 815billion by end of 2018. There has also been a notable turn around in profitability from UGX 1billion in 2014 to double digit figures of each of the last three years with 2018 at UGX 12.6 billion.
CEO EA Magazine, caught up with Mr Isiko on a number of insights about Bank of Africa, the banking industry and several other issues.
Absa Bank Uganda, a subsidiary of Absa Group Limited has today received the license to operateand trade under its new name from Bank of Uganda. Formerly known as Barclays Bank…
By Winnie Byanyima This morning I attended a meeting of the Global HIV Prevention Coalition and met with a group of women leaders. I felt so inspired and moved by…
The ever increasing presidential cash handouts also known as presidential handshakes are becoming a thought provoking ritual. Our President has a prerogative to render financial help from his well-nourished State…
Cabinet, sitting in their Monday, 4th November meeting at Statehouse Entebbe, approved the appointment of four members to the National Water and Sewerage Corporation (NWSC) board of directors. The four…
PayTV Company, MultiChoice Uganda, has chosen advertising guru, Colin Asiimwe as their new Head of Marketing. Mr. Asiimwe started work at the Kololo-based company 1st November 2019. He will be…