Following approval of declaration of dividends by its shareholders at the Annual General Meeting held on the 27th day of May 2022, MTN Uganda has paid out a total dividend of Ugx105.4 billion to its 21,452 shareholders for the year…
The National Social Security Fund (NSSF) has put in place initiatives to support local firms’ capacity, growth and competitiveness for better business opportunities. The initiatives that are already in practice include, the NSSF Suppliers Forum, access to finance through advance…
Mr Waiswa Bageya, the Works Ministry permanent secretary, said the search for the new Uganda Airlines CEO would be redone after bid documents were sent to four firms, before settling on PricewaterhouseCoopers (PwC). “We did not advertise but instead developed…
Uganda Breweries Recognized at the President’s Export Award Ceremony Uganda Breweries has been recognized by President Museveni and the Uganda Export Promotion Board as a leading company in export promotion and import substitution. This was at Imperial Royale Hotel, where President Museveni…
Uganda Development Bank is set to lend slightly over Shs300bn in the coming six months to support businesses to overcome the current economic shocks, characterized by high commodity prices. The lender’s Chief Executive Officer, Patricia Ojangole, revealed on June.24 immediately…
Shareholders in banking service companies will in a month’s time start receiving dividends for their investments, for the first time since 2019 following BOU approval. Stanbic Bank Uganda and Bank of Baroda will be the first to pay dividends to…
Meera Investment Limited, a real estate arm under Ruparelia group has presented Uganda’s largest fabulous homes grand project, the One-10 Apartments for sale. The ‘heaven’ homes stand in Kololo on Prince Charles Drive – a leafy affluent and diplomatic zone…
Shamim Nabuuma Kaliisa, a Ugandan techpreneur was this week elected and sworn in as the African Representative on the Commonwealth Youth Council (CYC) Executive Committee. Ms. Nabuuma, the founder and CEO of the CHIL Artificial Intelligence Lab Group and a…
Nile Breweries Limited has launched BEES: a business-to-business (B2B) application that will enable Ugandan retailers to browse products, place orders, access deals, arrange deliveries, and tap into business insights, all via one interface. “Our purpose – to dream big to…
Yutus Aribariho has been appointed the bank’s Global Head, Digital Utilities. He will officially take over this position effective 1st August 2022. In his new role, Yustus will oversee the bank’s design and development of digital utility platforms as well…
Financial Sector Deepening (FSD) Uganda has announced the appointment of Ugandan Economist and Banker, Patrick Oketa as their Executive Director. A statement from the Official website of FSD Uganda dated 21st June 2022 read: “We are pleased to announce that…
The African Development Bank (AfDB) is setting up youth entrepreneurship investment banks that will help grow youth-based wealth for Africa’s young population, the bank’s president Akinwumi Adesina announced Tuesday. The banks, to be rolled out by the end of this…
Bank of Baroda (Uganda) Limited has informed its shareholders that it will pay the final dividend for the year ended December 31st 2020 following receipt of the necessary regulatory approval. Bank of Uganda, in April 2020 put in place enhanced…
Housing Finance Bank has launched the Incremental Housing Loan to unlock opportunities for Ugandans to attain affordable home ownership and financial independence. Uganda’s housing deficit stands at 2.4 million housing units and Housing Finance Bank, a fully government owned commercial…
Absa Bank Uganda has introduced land purchase loans in a bid to help more people realize their dream of land and home ownership. These loans will enable customers to access affordable financing for the purchase of land in Greater Kampala…