Priscilla Akora is the new Head of Marketing and Communications at PostBank Uganda Limited. In her new role, she will be responsible for driving integrated marketing communications, as well as a reputational strategy for PostBank. Prior to her appointment as…
Paint manufacturers Kansai Plascon have donated paint worth Shs 30million to Uganda Martyrs Hospital, Rubaga to support the hospital in its construction projects. The paint was handed over to Catholic Church leaders and Rubaga Hospital officials on Tuesday afternoon by…
Google has announced that 60 eligible black-founded startups across Africa have been selected for the second cohort of Google for Startups Black Founders Fund for Africa. The startups joining the program will receive a total of $4 million in funding…
Uganda Clays net profit has dropped by more than half to Shs2.7bn for the first six months ending June.30 but management insists there are no worries at least for now. “We project the economy to improve in the second half…
The Ker Alur kingdom bicycle races continue to garner support as the residents and youth of Padyere county streamed into this weekend’s races. The bicycle races have been attracting a big number of youths who are passionate about their culture…
DTB recorded a 30% growth to Shs20.3bilion driven by an increase in interest income, fees and commission, and foreign exchange business as Dfcu bank saw profit after tax double to Shs18.7billion. On the other hand, the country’s largest commercial bank,…
Bajaj Auto Ltd in association with Nish Auto Ltd and Verma Co Ltd has launched the new 125cc motorcycle CT 125 in Uganda. The launch of the CT 125, positioned, ‘Champion of Fuel-Efficiency in 125cc’ marked the company’s commitment to…
KAMPALA – The Stanbic Purchasing Managers’ Index (PMI) has regained a positive outlook as the August data pointed to a renewed improvement in business conditions for Uganda’s private sector as both output and new orders returned to growth. The headline…
Allianz acquires a majority stake into Jubilee, who are the captains of industry; reputable and professional leaders behind the merging of these two brands? The financial services industry in Uganda is turning its focus toward innovation to prepare for a…
On 30th August 2019, the URA Board of Directors approved the Lifestyle Audit Policy to combat corruption and illegal acquisition of property. Lifestyle Audit is the process of analyzing a person’s living standards to establish if it is consistent with…
The phenomenal growth of Stanbic Bank’s East Africa Borderless Banking platform has revealed a pent-up demand for secure, real-time transactions across international borders. Spanning a single network that includes Uganda, Tanzania, Kenya and South Sudan, the Borderless Banking solution has…
Absa Bank Uganda has partnered with the Uganda Institute of Information and Communication Technology (UICT) to provide ICT skills training to youth in vocational institutions around the country. The training is accredited by Amazon Web Services (AWS) following a partnership…
Cipla Quality Chemical Industries Limited, has announced that it will pay dividends in 4 years since it was listed on the Uganda Stock exchange. In the results for the financial year ending March 31, 2022, Cipla posted a profit after…
The Uganda Tourism Association (UTA) has called for the establishment of a committee to lead the return of Ugandan artefacts from foreign museums. Herbert Byaruhanga, the President of UTA made the call on Tuesday, 30 August 2022, as he and…
Six years ago, Motorcare appointed Florence Sempebwa-Makada as their Managing Director, the first Ugandan and first woman to hold the position. She’s still the only woman today in the country. She ascribes her success to meticulous preparation and thorough knowledge…
Stanbic Bank customers can now expect to enjoy flexible terms when accessing loans including an increased loan tenure of up to 84 months and zero percent arrangement fees on all salary loans, it said on August 30. The promotion is…
Liberty General Uganda and Multilines International Limited have launched the Marine and Cargo Insurance in a bid to serve more clients in line with their needs, the two companies have said in a joint statement. This follows the announcement by…
Umeme, has withheld payment of an interim dividend to its shareholders despite recording a 33% growth in profit after tax to Shs64bn for the six months period ending June.30. The company executives said the profits will be used to pay…
Chipper Cash, a cross-border payments app, on Monday, 29 August 2022, joined Uganda Securities Exchange (USE) as a trading participant. USE is a central place for trading of securities by licensed brokers It provides a platform for raising of capital…
According to a USE report, Umeme traded 37.6 million shares, taking 37.53 percent of the volume of sold shares while the company’s share price also slightly improved. Umeme shares were the most traded on the Uganda Securities Exchange (USE) in…
Byenkya, Kihika & Co. Advocates at this year’s Uganda Law Society (ULS) Annual Law Conference held at Speke Resort Munyonyo had all the bragging rights as they gathered three awards. Ebert Isaac Byenkya, the Founding Partner took home the “Distinguished…
Uganda Clay Limited (UCL) has reported a 3% growth in revenues for the last six months to June due to improved production efficiencies and continued cost management measures put in place. The listed clay products manufacturer at the Uganda Securities…
Some 40% of Uganda’s adult population is unbanked. Stanbic is determined to drive down these numbers through a number of initiatives. Emma Mugisha, executive director and head of Business Banking at Stanbic Bank Uganda, believes that mobile money represents a…
RUBiS Energy Uganda, one of the leading oil and gas companies in the country, has today announced the rebrand and launch of its convenience stores tailored to serve both long-distance travelers and those within the cities. The rebrand of the…
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…
Centenary Bank and Absa wrote the largest premiums from bancassurance for the quarter ended March, details from Insurance Regulatory Authority (IRA) show. During the period, data from IRA indicates, Centenary Bank wrote the largest premiums in the life category, recording…
Word on every street this week has been the Boundless concert happening this evening at the Kampala Serena Hotel. The talented songstress who hasn’t held a concert since 2014 is returning to the scene with a thrilling show. She has…
She is the founder and CEO of The Cradle Uganda, an infant and Toddler Care Center, she is very passionate about Gender Equality, Early Childhood Development, she is an Author, speaker and entrepreneur. Manuela is also a content creator sharing…
Mr Kin is a Ugandan businessman, media proprietor and philanthropist. He is the CEO OF Next Media Services a multimedia company in Uganda and commonly known for its flagship television network, NBS Television. Starting out as a barber in Mbarara…
Over 100 youth have been trained in how to use monitoring and evaluation tools to track business goals under the MTN youth Skilling program. The MTN youth skilling program is a partnership between MTN Foundation Uganda and Ubinufu systems aimed…
Shonubi Musoke and Co. Advocates is one of the largest law firms in Uganda and has since its founding in 1987 built a specialized practice with core capabilities in all fields of corporate and commercial law ranging from non-contentious transactional…
It was an emotive affair—one that confirms the saying that ‘goodbye is the saddest word’ as Stanbic Bank Uganda bid farewell, last Friday, to their decorated Executive Head for Consumer and Affluent Banking, Sam Mwogeza, who is leaving after 12…
FINCA Uganda and the National Forestry Authority (NFA) have partnered to restore 60 hectares of forest land in the country in the next five years. This corporate social responsibility program to commemorate FINCA’s 30th anniversary in Uganda will involve restoration…
British American Tobacco Uganda has recorded a 14% increase in net profit to Shs3.9bn for the half year period ended June 30. Results released on Aug. 5 shows that the company’s gross revenue grew by 12% to Shs 50.7bn as…
The African Development Bank has appointed Dr. Alex Mubiru as Director General in the Cabinet Office of the Bank Group’s President, with effect from 16 August 2022. Dr. Mubiru, a Ugandan national, brings close to 25 years of experience to…
Regional lender, KCB Group, has followed the footsteps of Equity Bank to venture into the Democratic Republic of Congo. KCB Group, which already has operations in Rwanda, Burundi, Tanzania, Uganda and South Sudan, says it has reached an agreement to…