Category Entrepreneurship
DFCU Bank 2021 financial results, total operating income grows by 21%
Dfcu Bank Limited on Thursday announced its audited financial results for the year ended 31 December 2021 with core business metrics remaining as total operating income grew by 21% to Ugx 369 Billion. According to the dfcu Bank Chief Executive…
Get Now, Pay Later: Sage Buyers Partners with Lipa Later to Advance Apple Products to Customers
Ugandan Apple Products’ dealers Sagebuyers have announced a partnership with Lipa Later, Kenyan tech-led consumer credit platform to enable their clients receive iPhones and other Apple products available at the Sage Buyers store on credit. The new arrangement that targets…
Stanbic Bank’s #OneStepCloser to cheer up Ugandans after Lockdown
The social media hashtag #OneStepCloser that has been gaining popularity in recent weeks can now be firmly linked to Stanbic Bank Uganda, as the lender’s new brand campaign aimed at rallying Ugandans to pursue their dreams and rebuild their businesses…
The quest for industrialization: UIA receives land in Nakasongla and Butambala
Uganda Investment Authority (UIA) yesterday 2nd November 2021 received 1 square mile of land for industrial park development from the Ministry of Defence in Nakasongola. The land was received by the UIA team led by their Chairman, Morrison Rwakakamba. UIA,…
UIA, American Chamber of Commerce partner to increase American investment in Uganda
The Uganda Investment Authority (UIA) and the American Chamber of Commerce Uganda (AmCham) have today signed a Memorandum of Understanding (MoU) to promote and facilitate American investment in Uganda. The agreement aims at creating a favorable climate for economic activity…
Airtel Uganda Partners with Ankole Coffee Producers Cooperative Union to provide a convenient payment platform
Airtel Uganda has partnered with Ankole Coffee Producers Cooperative Union(ACPCU) to provide the convenient Airtel Money payments platform services to enhance payments of ACPCU’s member farmers in a simple and secure way across the Ankole region. This partnership will simplify…
Stanbic, KACITA sign deal to ease importation of goods.
Stanbic Bank and traders under the umbrella body, Kampala City Traders Association (KACITA), recently signed what they described as a ground-breaking trade and tax partnership pact that will ease the clearing of their imports. Stanbic Bank and KACITA say their…
Uganda to export milk to Zambia
Uganda has secured a new market for its milk in Zambia following a long unresolved impasse with Kenya which was the largest market for Uganda’s exports. Since December 2019 when Kenya authorities ceased at least 3000 bags of powdered milk…
Loan approvals, applications dropped in the last three months
Data from Bank of Uganda shows that loan applications and approvals fell in the last quarter ended August 2021 The Central Bank says that the fall was a result of the slow pace in economic recovery with banks remaining cautious…
Stanbic Bank seizes MOGAS Oil over failure to pay bank loan
Stanbic Bank Uganda has taken control of petroleum products distributor MOGAS after the latter reportedly failed to pay back a three-year loan. The bank immediately put the company, whose full name is: Maestro Oil and Gas Solutions under receivership to…
Carrefour supermarket takes over Shoprite stores in Uganda. How strong can they stand?
On Wednesday, 13th October 2021, United Arab Emirates-based investor, Majid Al Futtaim, announced that through his supermarket brand Carrefour will be taking over all Ugandan retail stores operated by Shoprite Checkers Uganda Ltd, as they exit the country. Majid al…
Pegasus Technologies becomes the first local fintech to get BoU license for mobile payments
Pegasus Technologies Limited, a locally founded Ugandan company, is now the fifth company to receive a license from the Bank of Uganda (BOU) to operate as a Payment Service Operator (PSO), having fulfilled the rigorous requirements of the National Payments…
Nebbi Coffee farmers cautioned to ensure quality control for the International markets.
Coffee farmers in Nebbi and the West Nile region investing in organic Arabica coffee have been advised to work towards, observe, and maintain the quality of coffee beans that suits the international market. This was during the Power and Voice…
Forbes Africa 30 under 30(Class of 2022) Call for nominations – Which Ugandans will make the list?
For 10 years now, Forbes has published an annual definitive compilation/list of young people changing the world by building brands, creating jobs, and transforming lives in their respective fields. Today, 08th October 2021, a call for nominations for the class…