Shareholders in banking service companies will in a month’s time start receiving dividends for their investments, for the first time since 2019 following BOU approval. Stanbic Bank Uganda and Bank of Baroda will be the first to pay dividends to…
Meera Investment Limited, a real estate arm under Ruparelia group has presented Uganda’s largest fabulous homes grand project, the One-10 Apartments for sale. The ‘heaven’ homes stand in Kololo on Prince Charles Drive – a leafy affluent and diplomatic zone…
Shamim Nabuuma Kaliisa, a Ugandan techpreneur was this week elected and sworn in as the African Representative on the Commonwealth Youth Council (CYC) Executive Committee. Ms. Nabuuma, the founder and CEO of the CHIL Artificial Intelligence Lab Group and a…
Nile Breweries Limited has launched BEES: a business-to-business (B2B) application that will enable Ugandan retailers to browse products, place orders, access deals, arrange deliveries, and tap into business insights, all via one interface. “Our purpose – to dream big to…
Global Ever-greening Alliance, Climate Asset management and the African Forest Landscape Restoration Initiative is expected to pave the way for a greener Africa to mitigate the impact of climate change in Africa. While speaking at a press briefing held on…
Yutus Aribariho has been appointed the bank’s Global Head, Digital Utilities. He will officially take over this position effective 1st August 2022. In his new role, Yustus will oversee the bank’s design and development of digital utility platforms as well…
Cornwell Muleya, the former Chief Executive Officer of Uganda Airlines has been released on bail. He appeared Wednesday before the Buganda Road Grade One Magistrate, Asuman Muhumuza who granted him bail of Shillings 1.5 million in cash and bonded his…
Financial Sector Deepening (FSD) Uganda has announced the appointment of Ugandan Economist and Banker, Patrick Oketa as their Executive Director. A statement from the Official website of FSD Uganda dated 21st June 2022 read: “We are pleased to announce that…
With just UGX600, 000 or USD166 investment, Stanbic customers are now able to acquire for themselves and loved ones, annual medical insurance cover of up to UGX 20 million—this, courtesy of Stanbic MediProtect, a joint offer by the bank and…
The African Development Bank (AfDB) is setting up youth entrepreneurship investment banks that will help grow youth-based wealth for Africa’s young population, the bank’s president Akinwumi Adesina announced Tuesday. The banks, to be rolled out by the end of this…
The Uganda Bureau of statistics (UBOS) has launched structure committees mandated to collect field data regarding the statistics of the country. UBOS earlier on formulated a 5 year Plan for National Statistical Development (PNSD) aimed at delivering all the required…
Bank of Baroda (Uganda) Limited has informed its shareholders that it will pay the final dividend for the year ended December 31st 2020 following receipt of the necessary regulatory approval. Bank of Uganda, in April 2020 put in place enhanced…
Housing Finance Bank has launched the Incremental Housing Loan to unlock opportunities for Ugandans to attain affordable home ownership and financial independence. Uganda’s housing deficit stands at 2.4 million housing units and Housing Finance Bank, a fully government owned commercial…
Cornwell Muleya, the former Chief Executive Officer of Uganda Airlines has been arrested on orders of The Inspectorate of Government-IG.. A statement by the Deputy Inspector General of Government, Dr. Patricia Achan Okiria, shows that Muleya was picked up for…
Absa Bank Uganda has introduced land purchase loans in a bid to help more people realize their dream of land and home ownership. These loans will enable customers to access affordable financing for the purchase of land in Greater Kampala…