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In this exclusive interview, Muhereza Kyamutetera, Executive Editor of CEO East Africa Magazine, sits down with Jemima to explore her journey at MTN MoMo, the key milestones she has achieved,…
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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For those who do not know you, tell us about yourself and your career background. How do you describe yourself? I consider myself a Global East African⏤ born in Uganda, raised in Tanzania and Kenya; lived and worked in Canada, South Africa and now Rwanda. I have spent more than 15 years in the Financial sector in Rwanda, NCBA Bank being my fourth bank, but the first as a CEO. I co-founded Women in Finance Rwanda, which we launched in 2023. As an honourable compliment to my journey, I was recently appointed the 2nd Vice Chair of the Rwanda Bankers…
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Uganda’s telecommunication giant, MTN Uganda Limited has announced its financial results for the six months ended 30 June 2022. The outgoing Chief Executive Officer (CEO), Wim Vanhelleputte says that despite the currency pressures on the economy characterised by increased inflationary, the company has been able to deliver a resilient half-year performance. He says that the current higher fuel prices, rising domestic food crop prices due to dry weather conditions across the country, as well as persistent global production and supply chain challenges, have a significant impact on the spending power of their customers. “Against this backdrop, we have sustained investment…
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The Boardroom Masterclass that aims to build better boards took place last week. The inaugural webinar, the first of many series to come, was organized by Japheth Katto Consult (JCK) in partnership with Ligomarc advocates. This inaugural edition featured prominent corporate personalities like Japheth Katto of Stanbic Holdings Limited, Ruth Sebatindira of Ligomarc and Grace Kavuma, Chairperson NCBA bank. Japheth Katto is Board Chairman at East African Breweries Limited (EABL), and is a Board member at Stanbic Holdings. He was also the first Chief Executive Officer (CEO) of Capital Markets Authority (CMA) from 1998 until 2013. Japheth is also a…
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CFAO Motors Uganda, formerly Toyota Uganda, has signed a memorandum of understanding with NCBA Bank to provide vehicle asset financing to individuals, companies, and existing customers of CFAO Motors with the objective of doing away with the hurdle of the high initial outlay towards the acquisition of a brand-new car. Through the attractive asset-financing package, customers will receive flexible up to 95% asset financing from NCBA Bank, with up to 6 years repayment period and 60 days payment holiday. Customers will also enjoy a 72-hour response time to their financing applications. This is the best financing solution in the market…
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Sam Ntulume has been appointed as the new Executive Director and Chief Operations Officer at I&M Bank Uganda. Sam has a working career span of 28 years in various sectors of the economy with 16 years of these being in the Financial Services Industry. He brings a wealth of experience in Executive Leadership, Corporate Governance, Strategy & Innovation, Business Development, Mergers & Acquisition, Risk Management & Control, Compliance, Financial Management, Corporate Reporting, Operations & Information Technology and Transformation at the Senior Management and Board level, having worked for both international and local institutions within and outside Uganda. Ntulume has held…
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Ramla Nantongo Munyakazi is the Head of Corporate Banking at KCB Bank Uganda. Munyakazi is a seasoned Banker with significant industry wide experience in corporate and SME business development, having worked in financial services for over 13 years. She also has vast experience in strategy formulation and implementation, relationship management, credit risk management and structured financing, among others. She joins KCB Bank from NCBA Bank (formerly NC Bank) where she was heading the Corporate and Commercial business. Ramla started her career as a SME Relationship Manager at Bank of Africa and has grown through the ranks to her current position. Ramla holds an MBA…
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