Uganda’s seasoned advocate for financial inclusion Innocent Kawooya has been appointed as the Chairperson of the Bank of Uganda’s Promote Gender Inclusive Finance Working Group. Kawooya is the Chief Executive Officer of Hipipo Uganda, a leading digital age organization that…
PHOTO COURTESY: The newly unveiled Tesla Model Y car during the ceremony that took place on Friday, March 22. AUTO24 Rwanda, a local car dealership, has introduced Tesla vehicles to the Rwandan market. This follows a campaign initiated by the dealership in…
The governing board of the Uganda Chamber of Mines and Petroleum (UCMP) and the Petroleum Authority of Uganda Officials shortly after a recent meeting to discuss issues on how National Participation of Ugandan companies can be enhanced in the oil and gas sector
MTN Mobile Money (U) Limited (MTN MoMo), a leader in digital payments, proudly announces the launch of its innovative ticketing option on the MoMo platform. The unveiling took place at the MTN Headquarters, where esteemed guests from various industries gathered…
From Left: KCB Group, Finance Director, Lawrence Kimathi, Group Chairman, Dr. Joseph Kinyua and Group CEO, Paul Russo exchange notes during the release of the 2023 Full Year Financial results. KCB Group recorded a decline in net profit in 2023…
Gideon Muriuki, the Managing Director at Co-operative Bank of Kenya Co-operative Bank of Kenya has posted a 5.2% growth in net profit to Shs23.2 billion in the financial year ended December 2023 on increased income and reduced operating costs. The…
KCB Group, Chief Executive Officer, Paul Russo KCB Group CEO Paul Russo has confirmed that the regional lender is in the process of selling its struggling subsidiary National Bank to Nigerian lender Access Bank. “The board evaluated three options and…
MTN Uganda CEO Sylvia Mulinge leads key partners in launching the MTN AWE accelerator programme in Kampala As we continue to observe the Women’s month, MTN Uganda is delighted to announce the unveiling of 118 exceptional women entrepreneurs who have…
Yusuf Omari, Chief Finance Officer, Absa Bank Kenya Absa Bank Kenya Plc has announced a 12% increase in net profit to KSh 16.4 billion for the financial year ended 31st December 2023. These financial results come at a time when the…
NCBA Group, a Leader in the Kenyan financial services sector, has today signed a USD 50 million facility with Proparco a subsidiary of the AFD Group focused on private sector development. The funding will go towards delivering NCBA`s “Change the…
Kenyans are moving to cheaper brands and cheaper rented property as a way of managing expenses resulting from high inflation in the country recently, an Old Mutual Financial Services survey shows. “To cope with financial pressures, females in Kenya have…
UWEAL Chairperson, Sarah Kitakule, said the challenges facing them is the inability to access adequate long-term patient capital to go into big businesses because of the unfavourable terms and conditions. Women entrepreneurs have accused financial institutions of creating products that…
CPA Dr. James Okello Onyoin, Co-Founder and Managing Partner, HLB Jim Roberts HLB Jim Roberts is an auditing and consulting firm constituting a partnership of four qualified Chartered and Certified Public Accountants. It is one of the leading firms providing…
ICTAU CEO, Gideon Nkurunungi KAMPALA – The Information Communication Technology Association of Uganda (ICTAU) will release the sought-after sector Trends Shaping Organizational Strategy and Innovation. Sector players will meet at the Protea Skyz Hotel on Wednesday, March 20, 2024, for the…
The European backed network investment by TowerCo of Africa Uganda, formerly Ubuntu Towers Uganda, will overcome a key barrier holding back telecom access in rural Africa. TowerCo of Africa Uganda, a subsidiary of pan-African telecommunications service provider Axian Telecom, has…
Thursday 14th March 2024. Wakiso, Uganda – MTN Uganda’’s corporate social responsibility arm, MTN Foundation, has announced a substantial contribution of technical equipment and educational materials worth UGX 16 million to the Rotaract Club of Masaka. This support will help…
Patrick Pouyanné The Board of Directors of TotalEnergies SE this week decided to call an ordinary meeting which will among other matters retain Patrick Pouyanné, Chairman and Chief Executive Officer. There had been speculation that Patrick Pouyanné was about to…
PHOTO: John Rujoki Musinguzi, Commissioner General, URA John R. Musinguzi, the Uganda Revenue Authority (URA) Commissioner General, has been reappointed for a second 4-year term. He was first appointed in March 2022 to take over Uganda’s tax authority from Doris…
PHOTO: Fred Muwema, Chairman of the Anti Counterfeit Network Africa Kampala Uganda; March 14, 2024; The Parliament of Uganda through the Mover of the Private Member’s Anti Counterfeit Goods Bill (ACGB) 2023, Hon. Asuman Basalirwa (MP Bugiri) and Hon. Ebwalu…
The Nairobi Securities Exchange has today held a stakeholder engagement forum with commercial banks in preparation to the launch of the proposed hybrid bond market that will combine both onscreen and Over-the-Counter trading of fixed income securities. The forum enabled…
PHOTO: The Auditor General of Uganda, John Muwanga The government has witnessed an increase of nearly 80 percent in local revenue collection from local governments following the transition to online and mobile payment platforms. In 2017, the government started to…
Centenary Bank plans to use at least 50% of the financing to support women-run or women-owned businesses, in line with the EIB’s 2x Challenge criteria and SheInvest initiative. Uganda’s Centenary Rural Development Bank and Housing Finance Bank have secured a…
The Managing Director, DTB Bank, Mr. Thambi Varghese, highlighted the contribution of @dtb_uganda to the insurance sector saying “It’s very substantial, with over 10% of the total bancassurance contribution in 2022” He went on, “This is the most innovative agent…
Sim Tshabalala, Standard Bank Group Chief Executive says: “We are honored to receive this accolade, which affirms our commitments to providing consistently excellent service for our clients and to driving Africa’s growth”. Standard Bank has been ranked as the most…
(L-R) MTN Uganda CFO Andrew Bugembe, CEO Sylvia Mulinge and MTN MoMo MD Richard Yego announcing MTN Uganda annual performance in Kampala on March.06, 2024 Uganda’s largest telecom firm, MTN Uganda, plans to further sell-down the remaining 7% shareholdings to…
India High Commissioner to Uganda Singh Rawat, Chef Aruna Vijay and Plascon MD Santosh Gumte His Excellency Upender Singh Rawat, India’s High Commissioner to Uganda has emphasized the importance of preserving and celebrating native cultures, even in diaspora. “Festivals are celebrated differently in states.…
John Musinguzi, URA Commissioner General The Uganda Revenue Authority (URA) is set to enlist all vatable smaller and medium size businesses on the Electronic Fiscal Receipt and Invoice Systems (EFRIS), to ensure efficiency in the collection of Value Added Tax…
Manoj Murali, Airtel Uganda Manager Director In a dynamic market landscape, Airtel Uganda continues to demonstrate its resilience and commitment to long-term sustainability amidst evolving industry challenges. The telecommunications giant recently announced its strategic decision to adapt to market realities…
Stephen Asiimwe, the Private Sector Foundation Uganda (PSFU) Executive Director. Women Entrepreneurs from Busoga sub-region could benefit from access to patient and low-interest capital in the long run, thanks to the 2024 Women’s Day Katale slated for 15th and 17th…
Photo Courtesy | Equity Bank Equity Bank Uganda has launched investigations into cases of fraud surrounding their Stock Loan and Agent Float financing that happened recently. The Stock Loan product is a credit facility meant to support entrepreneurs, small and…
Marked annually on 8th March, International Women’s Day (IWD) is a global day celebrating the social, economic, cultural, and political achievements of women. For many communities and organisations, the third month of the year has turned into a month-long celebration of…
Sylvia Mulinge, CEO MTN Uganda MTN Uganda reports a 16.1 percent growth in revenues to 2.63 trillion shillings for the year 2023. Most of the revenues, (1.12 trillion) still came from voice services which grew by 11.6 percent, while the…
Photo Courtesy: Bamburi Cement PLC Bamburi Cement PLC has sold 1.3 million ordinary shares of its Ugandan unit to Sarrai Group Limited and Rwimi Holdings amidst shrinking demand in the cement market. The cement company revealed plans to relieve its…
Anne Juuko The Standard Bank Group has appointed Stanbic Bank Uganda Chief Executive Anne Juuko to a new leadership role as Global Markets Regional Head-East Africa. The appointment is effective 1 April 2024. A successor will be announced in due course. Kayode Solola,…
Michael Mugabi, Managing Director/CEO of Housing Finance Bank highlighted what he described as the bank’s strategic focus on enabling micro, small, and medium enterprises (MSMEs), especially those owned by women. Uganda’s Housing Finance Bank (HFB) has joined forces with EIB…
NSSF Managing Director Patrick Ayota. The National Social Security Fund (NSSF), Uganda’s national savings scheme, has hit Ugshs 20 trillion in Assets Under Management (AUM), one and a half years ahead of schedule, according to the Fund’s 10-year Strategic Plan.…
The Minister of Energy and Mineral Development, Ruth Nankabirwa who chaired the AGM said the government is committed to supporting UEDCL as it prepares to take over Umeme territory to ensure the sustainability of power supply – a key factor…
As the global investment landscape continues to evolve, Africa stands at the forefront of emerging opportunities, poised for sustainable economic growth and development. Recently, the 7th Pensions Funds and Alternative Investments Conference provided a platform to delve into the continent’s…
Chimpanzees: Photo: Internet As the world gears up to celebrate World Wildlife Day today, Uganda stands at the forefront of efforts to connect people with the planet, particularly in the realm of wildlife conservation, and several success stories have been…
Introduction: In a bold move that signals a new era for the iconic beverage brand, Pepsi recently unveiled its first major global redesign in 14 years. Rooted in its rich heritage yet embracing the future with vigor, Pepsi’s updated look…
From Pinterest: Potrait of Sunil Bharti Mittal made by scretching a series or airtel sim cards gifted to them by Mumbai Team Sunil Bharti Mittal, Chairman of Airtel Africa has been awarded A Honorary Knighthood, the Knight Commander of the…
COURTESY PHOTO: Grace Semakula, Newly appointed Chief Executive for SBG Securities Uganda Limited (SBGS) Stanbic Uganda Holdings Limited (SUHL) has appointed Grace Semakula as the new Chief Executive for SBG Securities Uganda Limited (SBGS) and by virtue of that position,…
Mumba Kenneth Khalifungwa, Managing Director of Absa Uganda, expressed that “Your story matters because it intertwines with ours, shaping the future of Africa together, and one narrative at a time.“ In a groundbreaking move towards customer-centric banking, Absa Group, a…
Courtesy Photo: Cipla Quality Chemical Industries Uganda Quality Chemical Industries has dropped the Cipla name in a process that signals completion of a 51.18 percent share purchase by Africa Capitalworks. The purchase process has been ongoing since April last year with…
Courtesy Photo: Chief Executive Officer, Mark Muyobo NCBA Bank unveiled its revamped Premier Banking offering, targeting premier banking customers, prospects, and high-value stakeholders. The key features of the enhanced offering include extended banking hours at select branches, allowing customers to…
[vc_row][vc_column][vc_column_text] From Pinterest: Admassu Tadesse, TDB Group President and Managing Director Admassu Tadesse Admassu Tadesse stands at the forefront of Africa’s financial industry, wielding his expertise and leadership to drive growth and development across the continent. As the Group President…
Manoj Murali, Managing Director, Airtel Uganda Airtel Uganda’s Managing Director, Manoj Murali, Leads Digital Empowerment Efforts at NAM Conference. In a dynamic world reshaped by technology, Airtel Uganda’s Managing Director, Manoj Murali, emerged as a visionary leader advocating for the…
Courtesy Photo: Varghese Thambi, Managing Director, Diamond Trust Bank and TerraPay’s Muyingo A new partnership between Diamond Trust Bank and payment services company, TerraPay, could cut by more than half the cost of sending money from other countries to Uganda. Currently,…
Courtesy Photo: Anne Juuko Anne Juuko is set to leave her position as Stanbic Bank Uganda’s Chief Executive Officer, after exactly four illustrious years, for another role in the Standard Bank Group. According to the information available, she will be…
Meeting in progress. Photo: Internet Environmental, Social, and Governance (ESG), as complex as it sounds is merely a set of standards that investors use to screen investments. The investments are screened through accelerated sales, and ESG is currently the framework…
ESG is a framework used to assess an organization’s business practices and performance on various sustainability and ethical issues. Photo: Internet Environmental, social, and governance (ESG) is now no longer a new concept but a reality resulting from the popularity…