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Three years after taking charge at Nile Breweries Limited (NBL), Adu Rando, the Brazilian Managing Director credited with accelerating the brewer’s digital transformation, has been promoted to Global Director, BEES…
The Keshwala Group, one of Uganda’s largest privately held conglomerates, is undergoing a leadership transition that marks its third generation of family stewardship. Established in the 1950s as a small textile outlet in Jinja, the Group has evolved into a diversified business spanning manufacturing, logistics, steel, packaging, and distribution, with a presence across Uganda and the East African region. At the center of the transition is Sagar Keshwala, currently Managing Director, who is widely seen as the next-generation leader poised to carry forward the vision set by his grandfather, Viram Giga Keshwala, and significantly expanded by his father, Ranmal Viram…
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As Uganda Electricity Distribution Company (UEDCL) formally takes over the power distribution function, it will be months or even years before Ugandans move on from the days of Umeme. Yes, it will be long, or it might never happen again for Umeme to be part of Uganda’s electricity sub-sector, for which it had been part of for at least 20 years. In 2022, government decided not to renew Umeme’s concession at the natural end of the 20-year agreement under which the power distributor managed assets leased from UEDCL. Thus, the assets on Monday, formally reverted to UEDCL, which has over…
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Absa Bank Uganda has today announced that David Wandera has been appointed Interim Managing Director. David brings over 20 years of experience in the banking sector, with a strong track record in leadership, strategic initiatives, and financial management. He has a deep understanding of treasury and markets management, accounting, and financial risk management, making him exceptionally well-equipped to lead the bank during this transition period. He has most recently held the positions of Executive Director and Head of Markets, in which roles he has consistently delivered excellent results and built valuable relationships with key stakeholders. David is a Chartered Accountant…
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NCBA Bank Rwanda has announced the appointment of Maurice Toroitich as its Managing Director. The appointment brings to the helm a veteran of the banking industry, whose leadership spans nearly three decades of transformative banking and leadership in East Africa. Maurice is recognized for his pioneering work as the founding CEO of KCB Bank Rwanda, where he was instrumental in shaping the bank’s market presence and operational foundation. His tenure as Managing Director of BPR Bank Rwanda further cemented his reputation, having successfully overseen its evolution into one of the country’s leading financial institutions. He has also previously served as…
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PostBank is aTier 1 fully fledged digital commercial bank at the heart of Uganda’s economic growth by economically transforming the lives of millions of Ugandans and businesses, in partnership with the government. To oversee the bank’s transformation and deliver on the new promise, PostBank’s Managing Director Julius Kakeeto, attracted several financial services experts across different levels. These experts have been at the forefront of revolutionising the bank’s operations and success, transforming the bank into an admirable, award-winning financial services brand. Kakeeto believes banking is a service of immense skill. “You must have the right skill set, and you must have…
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Mr Patrick Ayota’s inaugural year as Managing Director at the National Social Security Fund (NSSF) coincided with the announcement of the Fund’s annual financial performance last week. Mr Ayota took over last year in August after NSSF weathered the storm of Parliament hearings into the management of the Fund. In his reflection on the NSSF performance, he says, the past year stood out as one of resilience, determination, and remarkable performance. “Despite the intrusive months of rigorous public investigation inquiry, we emerged from a challenging year even stronger. Our strong governance prevailed and sustained us. Member trust in NSSF…
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In this October 7th 2019 photo, National Water and Sewerage Corporation (NWSC) workers arrive to lay and charge 1.5km of water mains extension in the areas of Burkoyen, upper Chebukat and Siron in Kapteret Parish, Tegeres Sub-county, Kapchorwa District. So far, the area has had a total of 23km of mains extension laid in the first quarter of FY19/20. According to NWSC, more Ugandans now have access to clean safe water following a period of aggressive expansion by NWSC, Government of Uganda and Ministry of Water and Environment. Geographical coverage has expanded from 36 to 253 towns and urban growth…
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