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…