Multinationals with lower rental budgets are now opting for residential apartments in less affluent suburbs in the greater Kampala, according to the latest report by the property management firm, Knight Frank. The report, released on July.15 indicates that dollar dominated…
UnionPay International and PostBank Uganda Ltd have announced an extension of their ongoing collaboration to further enhance digital financial inclusion in Uganda. The partnership between PostBank Uganda and UnionPay International was established in 2018 with a core objective of improving…
The National Social Security Fund (NSSF) is creating a national company to address the issue of farmers’ limited access to markets. According to the Fund, the issue of access to markets is one of the fundamental issues afflicting Uganda’s agricultural…
Dfcu Bank has said it will rely on seven core strategies to revitalise profitability. Speaking at the 57th virtual annual general meeting in Kampala on Wednesday,, Mr Mathias Katamba, the dfcu Bank managing director, said the bank will diversify its…
The United Bank for Africa (UBA), Africa’s global bank has been in operation for over seven decades. Today, the group is present in 20 African countries, the United Kingdom, the United States of America and France. The bank has extended…
Centenary Group, which owns Uganda’s oldest and largest indigenous financial entity, Centenary Bank, received incredible appeals from over 200 business leaders at the ongoing South Sudan – Uganda Business Forum to extend Centenary Group services to South Sudan. Fabian Kasi…
Charles Mbire has acquired a huge stake into Bank of Baroda through a single purchase of shares worth over Shs 2 billions. This comes after the bank informed its shareholders that it will pay the final dividend for the year…
Uganda Development Bank, the country’s National Development Finance Institution on July.07 released its 2021 Direct Impact Report highlighting the fundamental role that it continues to play toward Uganda’s sustainable socio-economic transformation and growth. Francis Mwesigye, the Director Economic Research and…
To celebrate the Chipper Cash four-year journey in Uganda, the company treated some of its users to a breakfast customer meet at Mestil Hotel Friday. Speaking at the breakfast that had key media personalities Anne Kansiime and Timothy Code as…
“Prevention of the next pandemic, whether a recurrence of Covid-19 or a new outbreak, will require significant investment from the Finance and Banking sector in order to minimize the negative economic and human effects,” remarked Professor Denis Byarugaba, Makerere University…
Businessman and Kampala City Tycoon, Sudhir Ruparelia, through his Ruparelia Group has clarified that he doesn’t own UMC Victoria Hospital. “Our attention has been drawn by several online media publications linking the above business entity to the Ruparelia Group of…
Pesapal has been at the forefront of the Digital Payments revolution in Africa for over a decade. By leveraging technology to make financial services affordable, convenient, and secure, Pesapal is empowering tens of thousands of merchants and millions of consumers…
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…
According to his family, Mr Majwega had gone to the USA to attend his daughter’s graduation ceremony in Minnesota. “With deep sorrow Ms Halima Majwega of Framingham,Ma and her family announce the sudden death of the father of her children…