Shantal was ready for the next move, having put in 15 years and saved the company a $2m loss, coupled with turning around a flailing portfolio. During her tenure as Chief Finance Officer, the company cut regional costs by 15% and raked in profit for the first time in five years. She had surely put in some work. Never playing politics, yet mentoring others in her department, for once, the finance department was pleasant to work in. So, when the group finance officer position fell vacant, everyone knew that she was the best fit because she had paid her dues….
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In an effort to guide its customers through the technicalities of other investment options, PostBank Uganda shared tips on how individuals can explore PostBank’s different investment options and benefit from…
Wendi mobile wallet developed by PostBank has revolutionized the payment process for the Parish Development Model (PDM) program through its innovative digital platform. By leveraging cutting-edge technology, Wendi has successfully digitized PDM payments, reducing processing time, increasing efficiency, and promoting financial inclusion. Prior to the introduction of Wendi, PDM payments were manual, time-consuming, and often plagued by delays. However, with Wendi’s digital platform, payments are now processed in real-time, reducing the time taken to disburse funds from weeks to mere minutes. “Wendi has transformed the way we make PDM payments,” said George Kiyingi, Head of Agent Banking and Fintech Distribution…
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In a bid to enhance efficiency as well as take services closer to the unbanked, PostBank Uganda Limited (PBU), has opened a new branch in Mukono District as well as three mini-branches in Rushere town in Kiruhura District; Kamdini town in Oyam District and Butogota town in Kanungu District. “We received clearance from Bank of Uganda, and all the branches started operating on Monday, December 14th 2020,” Doreen Nyiramugisha, PBU Head of Marketing and Communications told this reporter by telephone. The expansion brings to 47, the number of branches, serving over 1 million customers, making the financial institution, one of…
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Renowned Ugandan actor and comedian Richard Tuwangye aka Amoosi has scooped big as a campaign ambassador for PostBank’s new campaign dubbed Digital Banking, Beyi Powa. Tuwangye, who like other artists largely depended on weekly comedy shows to sustain his life, is ecstatic about the new opportunity and working with the bank. “I am very happy to be a part of PostBank’s digital transformation journey. As you may all be aware, we are in very unpredictable times Beyi Powa therefore comes as a savior in the whirlwind of uncertainty since one doesn’t need to make sporadic movements,” he said. He added…
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Post Bank Uganda has appointed Andrew Kabeera as its new Executive Director, effective July 2020. A seasoned banker, Kabeera brings to Post Bank, a wealth of experience in Uganda’s financial services sector, having worked at Standard Chartered Bank and most recently as dfcu Bank’s Chief Operating Officer and Chief Change and Innovation Officer. Known for his astuteness in crafting efficient business development strategies, Kabeera move to Post Bank is timely. In a recent interview with CEO East Africa, Julius Kakeeto, the bank’s Managing Director said he is looking to create a first-world experience for Post Bank customers, anchored on a…
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Doreen Nyiramugisha, the former Manager, Marketing and Communications at Bank of Africa has crossed over to Post Bank Uganda, where she has been appointed Head, Marketing and Communications. Doreen wields 9 years of experience in marketing and communications, most of which have been spent in top-tier advertising agencies in Uganda. She broke her marketing teeth as an Account Executive at Fireworks Advertising where she managed key brands such as Centenary Bank, NSSF Uganda, and Uganda Insurers’ Association among others. She later joined SCANAD Uganda where she was the Account Manager for Barclays Bank (now Absa Uganda). She went on to…
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What is the current state of business at Post Bank? Postbank Uganda (PBU) is a socially-oriented bank fully owned by the Government of Uganda. PBU was incorporated under the companies ACT in 1998. The Bank’s mission is to offer affordable financial services that drive financial inclusion for social-economic development. The bank has a network of 43 branches (an additional 4 ready branches that are awaiting approval by BOU will take the number to 47) and 14 mobile banking vans (Bank On Wheels). As part of its efforts towards financial inclusion, PBU has a focus on Agriculture and Micro, Small and…
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Post Bank Uganda Limited has appointed Mr Julius Kakeeto as the bank’s new Managing Director. He replaces Stephen Mukweli who has served in this role for the last 15 years. Mr Kakeeto has a wealth of banking experience spanning over 19 years in Uganda and the United Kingdom. He started his career with Ernst and Young before joining Citibank where he served in various capacities. After Citibank, he joined Equity Bank Uganda as a Finance Director before joining Orient Bank. His most recent assignment has been Managing Director/CEO of Orient Bank for the last 4 and a half years. Mr…
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Hardly two years after assuming the role of Retail Banking Director at Barclays Bank, Uganda, Kumaran Pather is said to be headed to Orient Bank as Managing Director. According to 3 separate sources, this reporter talked to, Kumaran has resigned his position at Barclays Bank and as he waits for Bank of Uganda’s approval. Section 54 of the Financial Institutions Act (2004) requires all bank board directors to undergo a fit and proper test, carried out by the Central Bank. Orient Bank is Uganda’s 12th largest bank by assets (UGX750bn:2018) and 8th largest by customer deposits (UGX618: 2018). Kumaran is…
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