Government will capitalize Post Bank by at least 400 percent to increase its share capital to Shs500b from Shs100b. Speaking during the bank’s annual general meeting in Kampala yesterday, Ms Evelyn Anite, the State Minister for Investment, said government had…
Insurers in Uganda have recorded an 18.5% growth in gross written premiums for the six-month period ending June.30 to Shs 711.6bn. Results released in Kampala on Aug.18 indicate that the non-life insurance business generated Shs406.37bn as the life insurance business…
Stanbic Uganda Holdings Limited (SUHL) reported a half year profit-after-tax of UGX162billion ending June 30, 2022. This is up from UGX158 billion recorded during the same period last year, indicating a 4.7% improvement. Speaking during the presentation of the SUHL…
Uganda’s Stock market on Monday witnessed some trading activities which saw businessman Charles Mbire bolster his stake at MTN by acquiring additional 2,263,930 shares at a total cost of Shs 459,907,621.00 on the securities exchange. This is the second purchase…
As the final competition draws closer, excitement has remained a staple in the ongoing MTN-sponsored Tooro Masaza bicycle races. With 8 races successfully completed in eight of the nine counties of Tooro Kingdom, preparations for the final MTN Tooro Kingdom…
Victoria University and Stanbic Bank Uganda have unveiled to the students’ community a new financing scheme aimed at supporting blended learning by enabling students acquire laptops on hire purchase basis. The much sought-after scheme has been launched Monday August 22,…
The East African Crude Oil Pipeline secured lead insurers within the country with the approval of the Insurance Regulatory Authority-IRA. The IRA Chief Executive Officer, Alhaj Kaddunabbi Ibrahim Lubega told journalists in Kampala that the insurance question around the project…
MTN Uganda is embracing renewable energy with the connection of all its network sites to the hydroelectric grid. The company has partnered with Ubuntu Towers Uganda and American Tower Company (ATC) to connect 250 network sites countrywide to the hydroelectric…
The Uganda Cancer Institute (UCI) has finally been offered a green light to train doctors who want to specialize in treating cancer patients or oncology. This certification, which ends more than five years of trying to attain the requirements, allows…
Mathias Katamba is a Ugandan Economist, business executive, banker andentrepreneur, currently Managing Director and Chief Executive Officer DFCU Bank. Mathias has also worked with Housing Finance Bank, a commercial bank, PrideMicrofinance Limited, National Social Security Fund, Uganda Finance Trust nowFinance…
Thursday 18th August 2022 – Kampala, Uganda: In line with its vision of delivering a bold digital world to everyone, MTN Uganda has introduced the MTN WakaNet Pocket MiFi to offer affordable internet connectivity to more of its customers. The…
United Bank for Africa-Uganda through its UBA Foundation has launched the National Essay Competition to develop the intellectual and writing abilities of senior secondary school students countrywide. The competition is an education program introduced by the bank to equip students…
Dfcu Bank has once again partnered with Nation Media Group represented by Daily Monitor, KPMG, and Uganda Investment Authority to launch the 2022 Uganda Top 100 Mid-sized companies’ survey. The Uganda Top 100 mid-sized companies’ program has been running since…
MTN is set to sponsor 6 top Ugandan artistes’ concerts as the country’s music claims its place, at the top in the music industry. Spice Diana, Sheebah Karungi, Fik Fameica, Gravity, Ray G, and Levixone shall each stage concerts with…
Standard Chartered Bank Kenya on Tuesday released its financial results for the first half of the year period ended 30 June 2022. The lender’s profit before tax was up 11% to Ksh 7.5 Billion while profit after tax also rose…