The Bank reported Rwf31.7 billion in net revenue in 2021, up 24 per cent year-on-year, driven by an increase in net interest income of 20 per cent as well as a 69 per cent reduction in credit impairment charges. Net…
The Institute of Certified Public Accountants of Uganda (ICPAU) has published the list of licensed accounting firms and practising accountants as at 15 March 2022. There are 415 practising accountants and 260 accounting firms licensed to offer accounting services in…
Kenya’s Equity Group saw its net profit nearly double for the 12 months to December 31, 2021 on the back of a reduction in loan loss provisions and growth in interest income from lending to the government. Profit After Tax…
Digital credit providers (DCPs) in Kenya will have to disclose their sources of funds and provide evidence of the same following the coming into force of a law meant to regulate the sector. The new regulations published Monday by the country’s financial…
Cipla Quality Chemicals Limited (CiplaQCIL) has joined other stakeholders in drug manufacturing, storage, regulation and sales to participate in the East Africa Phartech Pharmaceutical and Healthcare Exhibition. Speaking on the sidelines of the launch of Uganda’s premier international exhibition, which…
Kyambogo University has partnered with China National Offshore Oil Corporation (CNOOC) for collaboration in the areas of internship, employment of graduates, Joint research, and technology transfer, among others. Prof. Eli Katunguka – Rwakishaya, the Vice Chancellor appreciated the opportunity since…
MTN Group has announced a new COO for its Nigerian subsidiary as part of changes in its subsidiaries to support execution of Ambition 2025 strategy According to a statement released by MTN Group, the telecommunications company announced senior leadership appointments…
Amber Group, a leading global digital asset platform, has appointed seasoned lawyer Ehsan Haque as its General Counsel for the Europe, Middle East and Africa region (EMEA). As Amber Group‘s General Counsel, Ehsan will work closely with Chief Operating Officer (COO) Wayne Huo…
The government is determined to continue with the electronic system of agricultural input purchases. The e-Voucher system launched in 2019 was developed by United Bank for Africa and used as a purchase and payment system to boost the Agriculture Cluster…
The National Social Security Fund has paid out Ushs78.8 billion to 4,417 eligible members to date, UGX 20.8 billion above its weekly target of UGX 50 billion. Speaking to media at a press briefing held today at Workers House, the…
Developed in partnership with The Humane League, the first-of-its-kind commitment goes beyond what legislation prescribes and contributes to further improvements in farming conditions in the region. Under the new Farmed Animal Health and Welfare Policy, Majid Al Futtaim will promote…
One of the biggest recent surprises in the African logistics sector over the past few months has been Bolloré’s decision to pull out of the industry. The French conglomerate has been a major player over many decades, with operations ranging…
Uganda Airlines has completed feasibility studies on a number of routes the National Carrier plans to fly to. Some of the routes in question include Mumbai in India, London in United Kingdom, Goma and Lubumbashi (both in the Democratic Republic of…
E-commerce firm, Jumia has officially launched the 9th edition of its annual tech-sale. Executives said yesterday (March 21) in Kampala that the sale activity will run from March 21 to April 3rd themed “Upgrade your tech today”. This year’s Jumia…
The Rt. Hon. Robinah Nabbanja, the Prime Minister of Uganda has urged entities charged with overseeing the oil and gas operations in the country to widely publicise the National Oil Spill Contingency Plan (NOSCP) that she officially launched today. The…