Stanbic Uganda Holdings Limited has announced the launch of its Stanbic Unit Trust, strategically entering the nation’s burgeoning Collective Investment Scheme (CIS) market. This move leverages SUHL’s established client base and aligns with the Ugandan Capital Markets Authority’s reported UGX…
Absa Group Ltd, one of the largest diversified financial service providers in Africa, has concluded further agreements with the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, freeing up additional financial capacity for investments in Pan-African…
Jubilee Life, a leading insurance provider in Uganda, today announced the launch of its innovative Jubilee Smart Save Plan. This new plan aims to empower Ugandans to prioritize long-term financial security by offering a flexible and secure savings solution. Raising…
The seventh annual bankers’ conference, hosted by the Uganda Bankers Association (UBA) on June 19th at the Kampala Serena Hotel, buzzed with discussions on Environmental Social and Governance (ESG) issues, reflecting a growing global trend among businesses. Under the theme…
Ugandan building materials producer Uganda Clays Limited (UCL) encountered a revenue decline in its recently concluded five-year strategic plan. UCL’s 2023 revenue dipped to Shs 30.1 billion ($8.4 million) from Shs 36.6 billion ($10.2 million) in 2022. The company attributed…
Leading multi-category app, Glovo has successfully concluded its highly anticipated 3-Day Courier Program, a series of events focused on the growth, development, and recognition of its couriers. The initiative, themed ‘Courier Day’ which took place from June 18th to June…
Following the outstanding success of the initial phase of its youth empowerment flagship initiative, MTN Uganda’s corporate social responsibility arm, MTN Foundation, has launched the second phase of the MTN ACE program to continue equipping youths with digital skills. This…
MTN Uganda’s sale of shares left over from its 2021 Initial Public Offering was oversubscribed by almost 100%, the telecom executives said on June 13. The company received applications for 3 billion shares against 1.6 billion shares on offer, The…
The Bank of Uganda (BoU) took decisive action on June 18, 2024, revoking the license of Mercantile Credit Bank Limited. This move places the bank under liquidation, effectively shutting down its operations. BOU’s decision, which also places Mercantile Credit Bank,…
On the 13th June 2024, MTN Uganda announced the successful completion of its secondary market share offer, which garnered an exceptional 230% subscription rate. This robust response signifies strong investor confidence in MTN Uganda’s future prospects and the Ugandan telecommunications…
DHL Global Forwarding’s digital road freight platform Saloodo! has announced that it will be the first logistics company to introduce the UAE’s first electric Mercedes-Benz truck. The fully electric 40-ton eActros 300 Tractor is particularly suitable for heavy-duty distribution transport…
Ecobank, the pan-African financial services Group, officially opens call for applications to the 7th edition of its Fintech Challenge. This annual competition invites early-stage and mature fintech startups to partner with Ecobank, offering a grand prize of US$50,000 and a…
In a bid to encourage timely loan repayments and responsible financial behavior, NCBA Bank Uganda and MTN MoMo have partnered to launch the “Mo Cash with Mokash” campaign. The eight-week campaign, which started on May 15th, aims to incentivize customers…
KCB Group CEO Paul Russo has been named the African Business Leader of the Year by Africa Leadership Magazine. Russo’s selection followed rigorous and competitive competition on the African continent, with leadership qualities, transformative vision, and outstanding contributions being key…
Monday 27th May 2024. Kampala, Uganda: SBG Securities Uganda Limited (a wholly owned subsidiary of Stanbic Uganda Holdings Limited), in its capacity as the lead sponsoring broker, on behalf of MTN Uganda Limited (MTN Uganda or the Company), hereby announces…