TotalEnergies Marketing Kenya Plc’s net profit increased to KSh 3.02 billion in 2023 from KSh 2.44 billion in 2022 despite a decline in global oil and gas prices and a weakening Kenya Shilling against the US Dollar as sharp increases…
Housing Finance Bank has announced a profit after tax of Ushs 65.1 billion for the financial year ended December 31, 2023. The Bank attributed the 11.3% year-on-year growth in net profits to digital transformation and revenue diversification efforts. In the…
Carrefour, operated by Majid Al Futtaim in Uganda, has announced a UGX 7 million sponsorship of the Kyambogo Ultra Challenge Run, scheduled for May 4th, starting at the Kyambogo University Cricket Oval. The Kyambogo Ultra Challenge Run, held annually since…
Diamond Trust Bank Uganda has released its annual performance results for 2023 reporting a steady double-digit growth across all major metrics such as deposits, customer lending and income, as well as net profit and total assets. The bank reported that…
In a collaborative effort to propel Africa’s transition towards a sustainable future, AfriLabs, a pan-African network of innovation hubs, has partnered with Emerge Green Africa. This impactful project aims to unlock green development across the continent by leveraging innovative energy…
Mastercard has partnered with Johannesburg-based fintech company SAVA to bolster financial inclusion for small and medium-sized businesses (SMMEs) in Africa. This collaboration aims to equip SMMEs in South Africa, Nigeria, Kenya, and Egypt with innovative financial tools to streamline their…
Telecom giant MTN Uganda has announced a historic milestone of reaching 20 million active customers. At a special staff town hall meeting attended by a distinguished delegation from MTN Group and MTN Uganda’s leadership on Monday, Teopister Nakyanzi from Busuula…
The Commercial Division of the High Court has ordered the winding up of Jomayi Property Consultants Limited over its failure to pay its debt owed to NC Bank. The order to wind up comes after NC Bank failed to recover…
The URA Commissioner General, John R. Musinguzi has called upon the early adopters of the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) to support their counterparts who are still facing challenges to enable EFRIS fully take off. He made the…
Standard Chartered Bank Uganda has seen a significant rise in profits, doubling from Shs 40billion to Shs 80billion for the year ended December 2023. On the other hand, Bank of Baroda experienced a 2.29% decline in profits to Shs 153billion…
Absa Life Assurance Kenya (Absa Life), an Absa Group subsidiary, has reported an increase in gross profit to KSh 862 million in 2023. “Absa Life continues to maintain a healthy quality of portfolio in the products we provide to the…
Wallace Pescarini, the President of SLB Offshore Atlantic Basin // PHOTO COURTSEY Ernest Rubondo, the Executive Director of the Petroleum Authority of Uganda, has commended SLB (formerly known as Schlumberger) for its efforts in advancing women in Science and Technology. SLB…
In the ever-evolving landscape of financial services, one term has been making significant waves – Bancassurance. This harmonious combination of banking and insurance not only simplifies a complex concept but also creates a dynamic synergy that benefits both the banking…
Uganda’s business community is set to strengthen its connections and seize new opportunities as Business Network International (BNI) Uganda hosts the BNI Expo, scheduled to take place on May 31 and June 1, 2024, at the UMA Show Grounds in…
In a groundbreaking move, TotalEnergies, a global leader in energy production and innovation, is revolutionizing employee engagement and empowerment, extending its transformative initiatives to its workforce in Uganda. This strategic shift not only aligns with TotalEnergies’ ethos of sustainability and…