This year, Bukoola Chemical Industries, a leading indigenous manufacturer and distributor of agrochemicals, fertilisers, and industrial chemicals in Uganda, marks its 50th anniversary⏤ a significant milestone, by all means, in a country where most businesses hardly live to see their 5th birthday.Founded in 1973 by Dr. Paul Mawanda Kyabaggu, Bukoola Chemical Industries is one of the oldest and largest agrochemical distributing companies in Uganda. The company is known for top-quality products and customer-based services in the range of exceptional insecticides, fungicides, bactericides, immune boosters, fertilisers and anti-stress chemicals and a number of selective and non-selective herbicides. It has established itself…
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I&M Burbidge Capital, in collaboration with I&M Bank Uganda, International Finance Corporation (IFC), PKF East Africa and S&L Advocates, organised a groundbreaking symposium aimed at highlighting the importance of robust corporate governance policies and effective succession planning strategies for businesses. The event which was held at Golden Tulip Hotel, featured compelling case studies from I&M Group Plc, illustrating their experiences in developing corporate governance frameworks and implementing successful succession plans. At the symposium, different speakers emphasized how businesses can benefit immensely, from comprehensive governance policies and well-designed succession plans. By providing a comprehensive initiation guide, I&M Burbidge Capital aims to…
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The benefits of Orient Bank’s acquisition and subsequent rebranding to I&M Bank Uganda and thereafter integration into the larger I&M Group Plc are unfolding with the bank’s release of its first full year under the I&M brand. In results released today, the bank reported an 8.9% jump in customer deposits from UGX573.7 billion to UGX624.6 billion in 2022, reversing a 2-year declining trend in which deposits reduced from an all-time high of UGX673.5 billion in 2019 to UGX573.7 billion in 2021. Riding on a boost in customer deposits, the bank drove a 19% jump in lending⏤ from UGX196.8 billion to…
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I&M Bank Uganda has reaffirmed its commitment to supporting charitable causes and giving back to the community by becoming one of the main sponsors of the 2023 Kabaka Run slated to take place this Sunday, April 16 at Bulange, Mengo. The Kabaka Birthday Run is an annual event organized by the Buganda Kingdom to raise funds for charitable causes and precedes the birthday celebrations of His Majesty Ronald Muwenda Mutebi II, the King of Buganda. This year’s theme is “Men Against HIV/AIDS to Save The Girl Child,” which is in line with UNAIDS’ mission of ending AIDS by 2030. I&M…
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In this interview, Sam Ntulume, the Ag. Managing Director/CEO, explains everything you need to know about offshore banking and its multiple benefits. What is Offshore Banking? Offshore Banking, at its basic, is holding an overseas or offshore bank account. An offshore, or overseas, bank account is one that you have in a country you don’t reside in. It allows the client to make and receive payments internationally, hold money and set up savings and investment accounts in multiple currencies. It is about getting access to banking solutions that are not available locally, such as access to an array of…
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I&M Bank Uganda has in collaboration with Bank One, a Mauritius-based bank, launched a world-class offshore banking solution, that allows its clients to have an array of international banking, investment and financial advisory services. Bank One, is a subsidiary bank of the I&M Group Plc and a sister bank to I&M Bank Uganda. An offshore, or overseas, bank account is one held by a client outside their country of residence. It allows the client to make and receive payments internationally, hold money and set up savings and investment accounts in multiple currencies. At its basic, off-shore banking allows clients access…
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At a ceremony to mark the transition from Orient Bank to I&M Bank Uganda in November 2021, Suleiman I. Kiggundu, the then Orient Bank Chairman and now I&M Bank Chairman promised stakeholders that the “rebranding of Orient Bank to l&M Bank Uganda, would not only unlock the bank’s potential, but also enable the bank to reach out to more customers within Uganda, and in Eastern Africa as a whole. He also said that the transition would enable the bank to “roll out a more diversified product mix to our diverse target market to meet their financial lifestyle and requirements”. In…
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The one-of-a-kind Kingdom Kampala Branch will host the bank’s affluent banking brand known as I&M Select Banking, as well as a Corporate Banking Centre, 24-hour ATM and the soon-to-be-launched 24/7 digital self-service hub, known as the I&M Digital Pod. The branch opens 08.30 am – 05.00 pm on working days and 09.00 am – 02.00 pm on Saturdays. The I&M Kingdom Kampala Branch is one of a kind as it houses I&M Select Banking Service that is specifically tailored to High Net Worth Individuals and the bank’s premium banking segment; providing specially packaged products and services that complement their lifestyle…
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It is now one year since the I&M Bank brand was ushered into the Ugandan Market. What has been the journey like so far? The last year has been about consolidation and positioning ourselves as “I&M Bank Uganda” in the market. Orient Bank was a solid brand in this market, having been here for 28 years and with loyal customers- so we couldn’t just rush the transition. It had to be deliberate so that no one is left behind. I am glad that has gone very well. The second thing, after the name change, was the integration of our…
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On Tuesday November 8 2022, I&M Bank Uganda Ltd marked one year of serving the Ugandan market. The bank started its operations in Uganda in 2021, after acquiring Orient Bank. I&M Bank Uganda has over the past one year focused on being client centric, supporting its clients to grow with it, and providing seamless digitalised banking services. To commemorate the milestone, the bank rolled out a series of activities centred around its employees, customers, and communities who have played a key role for its smooth operations. The celebrations started with the bank treating its staff to a sumptuous breakfast that…
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