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 by the Public Relations and Communications Association (PRCA).…
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 approved the transaction. “This is to inform the…
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 is a social investor that promotes sustainable development…
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 PMI dropped from 50.9 recorded in June to…
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 sqm mixed-use development which comprises retail, commercial and…
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 on Thursday its first-half pretax profit jumped 32.4%…
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, company/shareholder disputes and lender enforcement actions. Other areas…
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 to recover a $16 million loan the owner…
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 essentials for families displaced by flash floods in…
Uganda Development Bank (UDB) has launched the Enterprise Development Program aimed at preparing entrepreneurs for financing through enhanced business practices. The Enterprise Development Program will be a series of trainings under the country’s development finance institution’s Business Accelerator For Successful…
PostBank Uganda, a financial institution that is committed to empowering lives and transforming livelihoods, has today, launched its new smart ATMs in a bid to get more Ugandans financially included through digitisation. With the smart ATMs, customers will now be…
The Uganda Communications Commission (UCC) on 02 August officially launched the Anti-Illegitimate Mobile Communication Devices Campaign in Uganda. The campaign seeks to draw public attention to and discourage the use of such devices. Under Section 5(k) of the Uganda Communications…
Saying good bye is never easy. Bidding farewell to a great leader, friend, business partners and colleague is even harder. This was the mood at the Kampala Sheraton gardens last Friday evening as Wim Vanhelleputte’s friends and colleagues gathered to…
Uganda’s commercial banks are planning to provide Shs 1 Trillion in export credit facility to help local manufacturers boost their access to the regional markets. Sarah Arapta, the chairperson of Uganda Bankers Association said during the 5th Annual Bankers Conference…
United Bank for Africa Plc, Monday announced the appointment of Oliver Alawuba as Group Managing Director, GMD overseeing all the Group’s banking operations across its 20-African country network and globally in the United Kingdom, the United States of America, France,…