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Standard Chartered Bank Uganda Chief Executive, Sanjay Rughani has indicated that a number of major banks have expressed interest in acquiring the bank’s Retail and Wealth Business. The London-based group announced in November last year its intention to sell its Wealth and Retail Banking (WRB) businesses in Botswana, Uganda, and Zambia, as it seeks to concentrate resources on serving the cross-border needs of global corporate and financial institution clients. “We’re currently looking at the right partners who can buy that business. We’ve got a lot of interest but it’s still all work in progress…because it is a discussion with a…
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Uganda Airlines has officially launched direct flights to London, United Kingdom. The airline will fly four times a week using the Airbus A330-800neo. Ms Jennifer Bamuturaki, the Uganda Airlines CEO said in a Thursday press briefing in which the London route was launched, the lunch coincides with the airline’s 5th anniversary, marking the end of the establishment phase and setting the course for a long term growth and expansion. She noted that the acquisition of the London route followed meticulous planning, preparations and many setbacks since 2020 when the airline first acquired slots in the UK, which was partly disrupted…
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Rwanda’s President, Paul Kagame has appointed Ms. Soraya Munyana Hakuziyaremye as the first female Governor of the National Bank of Rwanda, which is a promotion from her initial role of Deputy Governor since March, 2021. Prior to that, she served as Rwanda’s Minister of Trade and Industry from October 2018 to March 2021; where she oversaw the implementation of the “Made in Rwanda” policy, contributing to the 9% average annual growth of the industry sector and increase in exports. During her time as Minister of Trade, she also served as Chair of the East African Community Sectoral Council on Investment…
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Nampeera’s position as a Deputy General Manager to Mr Phillipe Groueix – the General Manager, is anchored in all TotalEnergies oil activities in Uganda and is responsible for human resources and administration, contracts and procurement, national content, as well as legal and compliance. She’s also a Director at the East African Crude Oil Pipeline(EACOP) Limited with an office in London, UK. Nampeera’s experience cuts across the energy business value chain with over 30 years of experience in broad business, legal, and regulatory experience and exposure spanning four jurisdictions in East Africa, Europe, South East Asia, and Central Asia. She’s an…
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Bank of Uganda Deputy Governor, Micheal Atingi-Ego has exclusively revealed that it has recovered USD 8.2 million (UGX 30 billion) of the UGX 52 billion that was lost in a debt servicing transaction to the World Bank and the African Development Fund. Mr Atingi-Ego was responding to questions concerning the recent claims of a hack into BoU’s payment systems at the reading of the Monetary Policy Statement for December 2024. The payment transactions in question included a payment to the World Bank of US$6,1 (UGX 22 billion), which was instead paid to Roadway Co. Limited through MUFG Bank of Japan…
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