UGAFODE Archives – CEO East Africa

Hackers break into Airtel Money systems, steal billions

Muhereza KyamuteteraBusiness & Markets The Big StoryOctober 29, 2022March 23, 2023

Unknown hackers, on Friday, 28th October struck Airtel Mobile Commerce Uganda Limited (AMCUL) systems making off with unspecified amount of money, said to be in billions, CEO East Africa Magazine can exclusively reveal. AMCUL, a subsidiary of Airtel Uganda, trades as Airtel Money. According to our sources, the hackers gained unauthorized access to the Airtel Money central systems and wired money to bank accounts in various banks connected to the Airtel to Bank Wallet services. The money was then evacuated via several banking agents across the country as well as mobile money agents. However, according to our sources, a sudden…

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!

Digital thieves hit UGAFODE Microfinance; make off with UGX400 million

Muhereza KyamuteteraBanking & Financial Services News & Analysis The Big StorySeptember 19, 2022June 7, 2023

UGAFODE Microfinance Limited, one of five licensed micro deposit-taking financial institutions (MDI) in Uganda, has been hit by digital fraudsters, making off with an amount said to be about UGX400 million before, the bank moved in and shut down the suspicious accounts used to carry out the fraud. An insider at the bank who spoke to CEO East Africa Magazine, on condition of anonymity said the fraudsters, strongly believe to be either insiders or working with insiders, used ‘doctored’ Know-Your-Customer (KYC) documents to open seemingly legitimate bank accounts, which were then credited from the inside and money was then withdrawn…

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!

100 WOMEN FIXING UGANDA: Christine Mary Imong, Company Secretary/ Head of Legal, UGAFODE Microfinance

CEO ReporterWomen In LeadershipJune 28, 2021June 28, 2021

Christine Mary Imong is theCompany Secretary and Head of Legal, UGAFODE Microfinance (MDI) Limited. She leads the legal work at UGAFODE Microfinance (MDI) limited a Bank of Uganda Regulated Microfinance Institution providing legal advisory to the Financial Institution. Christine is an Advocate of the High Court of Judicature of Uganda with over ten years’ experience in commercial and land law. Prior to joining UGAFODE Microfinance Ltd (MDI) in May 2017, Christine worked at Uganda Broadcasting Corporation (UBC), EFC Microfinance Ltd (MDI) and the Microfinance Support Centre Ltd. Christine is also a Vice President at the Nathan and Christine Were Foundation,…

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!

Subtotal	UShs0
Shipping	UShs0
Tax	UShs0
Total	UShs0