The African Development Bank has appointed Dr. Alex Mubiru as Director General in the Cabinet Office of the Bank Group’s President, with effect from 16 August 2022. Dr. Mubiru, a Ugandan national,…
Regional lender, KCB Group, has followed the footsteps of Equity Bank to venture into the Democratic Republic of Congo. KCB Group, which already has operations in Rwanda, Burundi, Tanzania, Uganda and South…
Asmahaney is an advocate, a legal consultant and an Alternative Dispute Resolution practitioner. Asmahaney is also a Committee member on the first ever appointed Investment Advisory Committee (IAC) that advises the Minister…
Telecommunication companies have reported that their operations over the last six months have been affected by what they call a difficult macroeconomic environment, characterized by the skyrocketing cost of living and foreign…
Tuesday 9th August 2022 – Kampala, Uganda: MTN Uganda customers can now use their MTN Senkyu loyalty points to get insurance from aYo, in the form of life or hospital cover. aYo…
Xente Tech Ltd, a financial technology platform that simplifies payments and finance for businesses, has obtained the Payment Systems Operator (PSO) license from Bank of Uganda. The National Payment System Act-2020, implemented…
All social media platforms – except for TikTok – are being used less frequently by communications professionals as the digital PR industry’s post-covid boom levels off, according to a new report published…
Uganda’s Top Finance Bank (TFB) has officially been acquired by a Djibouti based bank. The takeover of TFB by Salaam African Bank was confirmed Monday morning by the Bank of Uganda which…
EFC Uganda Limited (MDI) has sealed a financing deal worth UGX 8 billion with Oiko Credit Uganda. These funds are planned to go towards the financing of SMEs in Uganda. Oiko Credit…
Increasing inflationary pressures tumbled private sector business activity during July as the headline Stanbic Purchasing Managers’ Index (PMI) dipped below the threshold 50.0 no-change mark for the first time this year. The…
Property consultancy firm, Knight Frank, has been appointed by Aponye (U) Ltd, to manage Aponye Complex, a newly completed mixed-use development in the heart of Ntinda, Kampala. The Aponye Complex, a 5,000…
In the six months to June 30, MTN Uganda said its pretax profit rose to 275.6 billion shillings ($71.1 million) from 208.1 billion in a similar period last year. MTN Uganda said…
Ruth Sebatindira is a Senior Council and founding partner at Ligomarc Advocates who has built her expertise out of twenty three years’ commercial litigation and transactions advisory assignments mainly in; corporate insolvency,…
The Rwandan subsidiaries of regional lenders KCB and Equity have auctioned a prime shopping mall in Kigali for $16.4 million. BPR Rwanda, a unit of KCB, and Equity Bank Rwanda were seeking…
Absa Bank Uganda has today announced a donation worth Sh60 million to the Uganda Red Cross Society to cater for the purchase of shelter kits to provide temporary shelter and basic household…