The Nation Social Security Fund (NSSF) has announced its earnings increased by 16% from UGX 2.2 trillion to UGX 2.53 trillion for the Financial Year ended June 30th 2024. The Fund is therefore set to pay a competitive interest rate to its savers which will be declared by Finance Minister, Matia Kasaija at the 12th Annual Members Meeting on August 26th. Addressing the media at the NSSF Annual Media Roundtable, NSSF Managing Director Patrick Ayota attributed the growth to an increase in interest income earnings, dividend income as well as real estate income. “Income from all three asset classes 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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MTN Uganda has contributed UGX 42.5 billion to the Uganda Communications Commission’s (UCC) Universal Service and Access Fund, aimed at developing telecommunications services in underserved areas. The funding marks a significant increase from last year’s contribution of UGX 36 billion. At a press briefing held at the UCC headquarters in Bugolobi, a Kampala city suburb in the Ugandan capital on Friday, the telecom company highlighted its ongoing commitment to driving substantial change and bridging the digital divide in the country, which is a dedication to not just meeting but exceeding its licensing obligations. “We believe that everyone deserves the benefits…
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In her bio on Linked-In, Susan Nsibirwa, the newly appointed managing director of Monitor Publications Limited describes herself as “an avid team player who believes in bringing out the best in everyone.” When she embarks on this new journey in January 3, 2024, she will have to fully summon this belief in the hope that revives an institution currently buffeted by a myriad of challenges. Nsibirwa was part of a cohort of young journalism graduates who joined Daily Monitor in 1992. Others in the group included Linda Nabusaayi, the former presidential press secretary and Laura Mulenga. Her beat was largely…
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Safaricom Ethiopia has announced the appointment of Wim Vanhelleputte as its new Chief Executive Officer, effective from September 1st, 2023. Vanhelleputte, the former CEO of MTN Uganda, will succeed Anwar Soussa, who has led the company since its inception. Vanhelleputte brings a wealth of experience to his new role, having served as the Operating Executive for West and Central Africa (WECA) Markets of Liberia, Guinea-Conakry, Guinea-Bissau, and Congo-Brazzaville at MTN Group since August 2022. His responsibilities included overseeing performance and governance in these markets. Before that, he had been at the helm of MTN Uganda for six years being replaced…
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The National Social Security Fund (NSSF) has earned a total of UGX 31.5 billion as dividends for the year ended December 31, 2022, from its investment in MTN Uganda. NSSF Uganda, East Africa’s largest national savings fund by value, invested UGX 360 billion in December 2021 to acquire 1.98 billion shares in MTN Uganda following its Initial Public Offer (IPO) in December 2021. The payment is the single largest dividend earned by the Fund to date, in addition to UGX 9.32 billion earned last year from Uganda’s largest telecommunications operator. It follows the approval of payment of a final dividend…
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This week, MTN Uganda, the largest telco, announced they are rolling out its Chief Community Officer initiative, a network of nationwide community leaders who will work together with MTN to build stronger connections between MTN and the communities it serves. By doing so, MTN hopes to create a better future for its customers, the communities and Uganda, that we all call home. In the same vein, the telco seeks to identify, recognise and celebrate business leaders and hustlers, doing their best to change their lives and those of the people around them. Somdev Sen, the MTN Uganda Chief Marketing Officer,…
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MTN Uganda is taking its community engagement initiatives to the next level with the appointment of Chief Community Officers (CCOs). CCOs, according to MTN, “are dynamic and passionate individuals who will be at the forefront of MTN’s efforts to better understand the needs and aspirations of various communities throughout Uganda”. With a deep commitment to serving their fellow citizens, the CCOs will be instrumental in building stronger connections between MTN and the communities it serves. Through their tireless efforts, they will gain invaluable insights into the challenges facing Ugandans, as well as the opportunities for growth and development that exist…
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Centenary Group’s technology services company – Cente-Tech has announced the appointment of Rowena Turinawe as Head – ICT Advisory, Strategy and Research. Rowena joins Cente-Tech from the National Information Technology Authority Uganda (NITA-U) where she has been serving in a senior management role as Business Transformation Manager. At NITA-U, she provided oversight and support for the establishment of the e-Government Enterprise Architecture, development of the NITA-U Strategic Plan and e-Government capacity building across Government of Uganda. She was responsible for realigning the way NITA-U operates including reengineering internal processes and how technology is used. Whilst there, she implemented the ICT…
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The Safaricom-Global Partnership for Ethiopia has appointed former Airtel Uganda chief executive officer Anwar Soussa as the Managing Director of the Operating Company in Ethiopia. Soussa served as chief executive officer Airtel Uganda from June 2016 to September 2017. Anwar and his predecessor, Tom Gutjahr who run Airtel Uganda between 2014 and 2016, are credited for consolidating Airtel’s merger with Warid Telecom and growing turnover from UGX722 billion in 2014 to nearly UGX1.16 trillion at the end of 2017. Airtel Uganda would reverse its sticky loss-making streak to become profitable (UGX160 billion profit in 2016 and UGX245 billion in 2017….
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