Standard Chartered Bank Uganda Chief Executive, Sanjay Rughani has indicated that a number of major banks have expressed interest in acquiring the bank’s Retail and Wealth Business. The London-based group announced in November last year its intention to sell its Wealth and Retail Banking (WRB) businesses in Botswana, Uganda, and Zambia, as it seeks to concentrate resources on serving the cross-border needs of global corporate and financial institution clients. “We’re currently looking at the right partners who can buy that business. We’ve got a lot of interest but it’s still all work in progress…because it is a discussion with a…
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Equity Bank Fires Nearly 200 Staff in Sweeping Integrity Crackdown Following M-Pesa and Account Audit Uganda’s UGX 65 Billion Loan Fraud and UGX 4 Billion Visa Losses Reveal Deeper Regional…
The nation is in mourning following the untimely death of Rajiv Ruparelia, the 35-year-old son of business magnate Dr. Sudhir Ruparelia and a prominent entrepreneur in his own right. Rajiv…
It has been five years since Molly Nagasha graduated from Kampala International University (KIU). However, years later KIU remains a part of her life and continues to shape her career. …
27th November, 2015 will forever be etched in history as a memorable day of the third papal visit to Uganda, and remains a symbol of religious significance to many Catholic faithful. Pope Francis who died today, aged 88, became the third Pope to visit Uganda following in the footsteps of his two predecessors- Pope Paul VI visit in 1969, and Pope John Paul (now a Saint) visit in 1993. Pope Francis’ visit to Uganda started from Nairobi, Kenya on November 27, 2015. Again like his two predecessors, he came as a pilgrim to venerate the holy martyrs, at Namugongo…
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Covid-19 pushed the tourism sector on the edge – almost to near collapse – non had ever imagined. It was a global disaster, but one that hurt Uganda’s tourism value chain, perhaps much more than elsewhere. Stretched months of airspace closure and restrictions on movement left the industry on its knees – from which it has taken almost five years to show real signs of recovery. Not forgetting that the industry had for years struggled to shake off various pressures, resulting from terrorism and political-related threats. Post-Covid-19 – around 2021 – tourism arrivals stood at about 450,000, which was…
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Starlink, a satellite internet service under American billionaire Elon Musk’s SpaceX company, has submitted an application to obtain a license from Uganda Communications Commission (UCC). The license will allow Starlink to begin offering internet services in Uganda. “Starlink has submitted their application and we will be giving our position on that,” Mr Nyombi Thembo, the UCC Executive Director, told the CEO East Africa Magazine in an exclusive interview yesterday at the sidelines of an Airtel event to launch an AI-powered spam alert service in Kampala. Starlink uses advanced satellites and user hardware in a low earth orbit to deliver high-speed…
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MTN Group and Airtel Africa have entered into agreements to share network infrastructure in Uganda and Nigeria, while ensuring compliance with local regulatory and statutory requirements. In a joint statement published…
Airtel’s Managing Director, Mr Soumendra Sahu has confirmed a plan to double Airtel’s investment in data, which will be a key priority this year and beyond, as the telco maintains…
Team P&B, comprising of Bob Matisiko and Peter Atwine, and Fairway Zokka, comprising of Edith Wamala and Suzan Achieng, emerged as the overall winners in the men’s and women’s categories, respectively, at the first round of the 2025 I&M Bank Katogo Golf Series season, held at Entebbe Club on Saturday. Team P&B claimed the top spot with 57 points, winning two RwandAir tickets and I&M Bank goodies, while Fairway Zokka emerged victorious with 59 points, each earning a weekend for two at the Kampala Serena Hotel, along with I&M Bank goodies. I&M Bank Head of Marketing and Corporate Communications Annette…
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