Speaking at the Friday, 28 June 2024 anniversary gala to market the I&M Group Plc’s 50th anniversary, held at the Kampala Serena Hotel, a confident Suleiman Kiggundu, the Board Chairman spoke of the financial Group’s great legacy and how I&M Bank Uganda has built on this legacy to lay a strong foundation in Uganda. He underlined the roles played by the visionary founders, dedicated employees, amazing loyal customers, and supportive partners who in one way or another supported the bank’s “firm commitment to excellence” that “has propelled us to stay ahead of the curve, delivering exceptional value to our stakeholders…
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Finance Minister Matia Kasaija has hailed I&M Bank for meeting its minimum paid-up capital requirements of up to UGX 210 billion. Minister Kasaija noted the Bank was resilient and adaptable in the face of emerging challenges, demonstrating the ability to remain financially stable, and compliant with Uganda’s new enhanced capitalisation programme, while Speaking at the Bank’s 50th anniversary celebrations that were held at Serena Hotel Conference Centre last Friday at a dinner gala. Bank of Uganda raised the minimum paid-up capital requirements for commercial banks for Tier I financial institutions from UGX 25 billion to UGX 120 billion by 31st…
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In a landscape where businesses often come and go within a short spell, a few construction companies stand the test of time, serving as beacons of stability and endurance amidst the ever-changing tides of the industry. HL Construction Limited stands as a testament to longevity and resilience. Since its establishment in 1986, the company has maintained a steadfast presence in the industry, earning a reputation as one of the enduring players in the field. Situated in Nakawa Industrial Area, the establishment has weathered the ebbs and flows of the market, consistently delivering quality projects and contributing to the sector’s growth…
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In an interview with Muhereza Kyamutetera, the CEO East Africa Magazine’s Executive Editor, Robin Bairstow, the I&M Bank Uganda Chief Executive Officer, confirms that two and a half years later, these promises have been delivered, creating a solid foundation on which a vibrant and digital-first sturdy future is being built. Q: For starters, for those who don’t know you well, talk about yourself and your management style. A: I am a banking executive with three decades of experience across three continents. I’ve been able to mix and immerse myself in several diverse cultures, which has always been something that I’ve…
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On Friday, May 31st, I&M Bank hosted two community-oriented health drives as part of their Corporate Social Responsibility (CSR) efforts. The drives are part of a streak of CSR initiatives the bank intends to engage in as lead up to the I&M@50 (Golden Jubilee) celebrations, set for June 28. At Kingdom Kampala, the I&M Bank main offices, the bank partnered with Wazi Vision, who conducted a complimentary eye check-up for the general public. The initiative aimed to provide free eye examinations and raise awareness about eye health among the community. I&M Bank CEO Robin Bairstow and the bank’s Executive Director, Sam Ntulume,…
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I&M Bank Uganda yesterday donated 500 mama kits and eight emergency trolleys to St. Francis Hospital Nsambya in commemoration of this year’s Mother’s Day as a demonstration of the bank’s commitment to maternal health and women’s empowerment. The whole package donated was worth UGX 42.4 million. During the event, the bank also showcased the I&M Free SACCO Account, a new service specially crafted for women in business, an initiative which offers women entrepreneurs access to savings and loans of up to UGX100M to foster business growth, all without requiring collateral. Speaking at the medical institution, I&M Bank Uganda Chief Executive…
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I&M Bank Uganda has released its 2023 annual performance results showing accelerated growth and profitability since the I&M Group Plc acquired the former Orient Bank in 2021. I&M Group Plc acquired Orient Bank Ltd on 30th April 2021 and fully rebranded it into I&M Bank (Uganda) Limited in November 2021. Since the acquisition, I&M Group Plc one of Eastern Africa’s leading banking and insurance groups, has invested over UGX108 billion in recapitalising the bank. The Group has llso invested USD9 million (UGX34 billion) into the digitisation of its systems and platforms headlined by an upgrade to a Finacle Core Banking…
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First of all, what is estate planning? Estate planning encompasses determining how your assets Will be preserved, managed, and distributed after your death or if you become incapacitated. Every family business needs to undertake succession and estate planning to ensure their businesses Will survive from one generation to the next. What Does Estate Planning Involve? In East Africa estate planning is most often done through making Wills and /or setting up a Trust(s). A Will is a written legal document detailing, amongst others, a testator’s wishes of what should happen after his/her death, listing the assets they own, and how they…
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To ensure business stability and continuity in the event of the death of the founder as well as preserve intergenerational wealth, business owners/founders have been urged to prioritise estate planning. Estate planning, according to Sim Katende, Corporate & Commercial lawyer and Partner at Katende, Ssempebwa & Co. Advocates, Solicitors & Legal Consultants (KATs), “encompasses determining how your assets will be preserved, managed, and distributed after your death or if you become incapacitated”. “Every family business needs to undertake succession and estate planning to ensure their businesses Will survive from one generation to the next,” Sim Katende told stakeholders at a…
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I&M Bank Uganda has taken a major step in its digital transformation journey by upgrading its Core Banking System to Finacle, a more robust and versatile application. The move, which comes at a time when the regional financial services provider is preparing to celebrate fifty years as a leader in the banking sector, will enhance efficiency and service delivery thus improving customer experience, the bank’s top executives have said. “The new system is tried and tested in over 100 countries, serving approximately 1.5 billion customers and processing transactions across over a billion accounts globally,” the bank said in a statement….
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