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The banking sector has posted resilient growth over the past five years, despite macroeconomic pressures, digital disruption, and the COVID-19 pandemic as well as regulatory reforms. From 2019 to 2024,…
Hardly two years after arriving in Uganda to take up her very first CEO role at Uganda’s largest telco, MTN Uganda, Sylvia Mulinge has emerged as Uganda’s most admired CEO, in the CEO East Africa Magazine’s inaugural 100 Leading & Most Admired CEOs In Uganda Survey. The 2-in-1 CEO East Africa Magazine’s Most Trusted and Respected Companies & The Most Admired CEOs in Uganda Survey 2024 is part of the magazine’s thought leadership agenda that seeks to create a body of knowledge on what exactly great companies and great leaders are made of, as well as recognise them. “This, we…
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NCBA’s Mo Money with MoKash campaign has reached a thrilling end with grand prizes awarded to three lucky winners, at the bank’s head offices in Kampala. Each of the three winners bagged UGX 5 million, while 100 others bagged at least UGX 500,000 each over an eight weeks period of the campaign, bringing the total giveaway to UGX 65 million. According to the bank, the campaign which was designed to enhance customer engagement and promote financial inclusion has been a huge success. “We are delighted to celebrate the achievements of our users and to conclude this campaign on such a…
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NCBA Bank Uganda posted an 18.4% growth in net profit for the 12 months ended December 2023⏤ a UGX4.3 billion growth from the UGX22.8 billion it posted in 2022, to UGX27 billion in 2023. This is the second successive net profit by the bank since Mark Muyobo assumed its leadership, ending two years of successive post-merger losses. The 2023 growth in net profit was fuelled by a 15.4% growth in customer deposits- from UGX491.3 billion in 2022 to UGX567.1 billion in 2023. The bank also jerked up its lending by 20.1%, from UGX210.6 billion to UGX253 billion. With increased lending,…
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The year 2022 was a great year for the Ugandan Executive. More than 10 Ugandans rose to become Chief Executives of some of Uganda’s largest and most influential companies, as well as at the multinational level. Anthony Kituuka, who was in November 2022 appointed by Equity Bank Uganda Managing Director job, was in December 2022 approved by the Bank of Uganda to take on the job. A little before that, Mark Muyobo was also given the green light by the Central Bank to take on Managing Director/CEO job at NCBA Bank Uganda. In January 2022, Richard Yego was tapped…
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The CEO Summit Uganda, together with the SDG Secretariat at the Office of the Prime Minister in Uganda will this Wednesday 7th December 2022 host the 13th Edition of the Annual CEO Forum at the Méstil Hotel & Residences Kampala, starting at 08 am. The 2022 CEO Forum is being held under the theme: “Beyond Sustainability – Strategic Choices that Matter”. This is the first time the CEO Forum is being held physically since 2019. The 2020 and 2021 editions were held virtually. The Sustainable Development Goals (SDGs) are a series of 17 goals adopted by the United Nations that…
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Mark Muyobo, previously the Acting Managing Director & Chief Executive Officer of NCBA Bank Uganda has been confirmed as the substantive head of the bank, CEO East Africa Magazine can exclusively reveal. He has been in an acting capacity since December 2021 when Anthony Ndegwa was recalled to the NCBA Group head office in Nairobi, Kenya. His full announcement is pending approval by the Central Bank. According to a highly placed, his confirmation follows the bank’s impressive performance in the first, half of 2022 that among others saw the bank return to profitability at end of May 2022. The Bank…
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Anthony Ndegwa the Managing Director & Chief Executive Officer of NCBA Bank Uganda is leaving his position, effective next week, CEO East Africa has exclusively established. He is being replaced by Mr Mark Muyobo, the current Executive Director, Corporate Banking and Structured Solutions in an acting capacity. “Yes it is true he is leaving,” Mr Grace Jethro Kavuma the bank’s Board Chairman confirmed to this reporter on phone. “It is also true that Mark Muyobo has been appointed to replace him in acting, capacity,” Mr Kavuma also told this reporter. Mr Kavuma did not comment on why Anthony Ndegwa had…
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Anthony Ndegwa, the current Managing Director of CBA Bank Uganda, has been designated the new Managing Director of NCBA Bank Uganda Ltd- a new entity resulting out of a merger between CBA Bank Uganda and NC Bank Uganda. CEO East Africa can also exclusively reveal that Sam Ntulume NC Bank Uganda’s current Managing Director as well as Mark Muyobo, the NC Bank Uganda’s current Executive Director, have been designated Executive Directors of the now bigger bank with assets in excess of UGX548 billion as at March 2020. The merged entity will command about 2% of the market share and will…
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