Umeme, Uganda’s electricity distribution company has recorded a significant drop in its full-year financial result for the period ended 31 December 2023, driven by accelerated amortization of intangible assets. “As the natural term of concession is coming to its end…
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…