Some 40% of Uganda’s adult population is unbanked. Stanbic is determined to drive down these numbers through a number of initiatives. Emma Mugisha, executive director and head of Business Banking at Stanbic Bank Uganda, believes that mobile money represents a…
RUBiS Energy Uganda, one of the leading oil and gas companies in the country, has today announced the rebrand and launch of its convenience stores tailored to serve both long-distance travelers and those within the cities. The rebrand of the…
Insurers in Uganda have recorded an 18.5% growth in gross written premiums for the six-month period ending June.30 to Shs 711.6bn. Results released in Kampala on Aug.18 indicate that the non-life insurance business generated Shs406.37bn as the life insurance business…
The East African Crude Oil Pipeline secured lead insurers within the country with the approval of the Insurance Regulatory Authority-IRA. The IRA Chief Executive Officer, Alhaj Kaddunabbi Ibrahim Lubega told journalists in Kampala that the insurance question around the project…
Thursday 18th August 2022 – Kampala, Uganda: In line with its vision of delivering a bold digital world to everyone, MTN Uganda has introduced the MTN WakaNet Pocket MiFi to offer affordable internet connectivity to more of its customers. The…
United Bank for Africa-Uganda through its UBA Foundation has launched the National Essay Competition to develop the intellectual and writing abilities of senior secondary school students countrywide. The competition is an education program introduced by the bank to equip students…
Dfcu Bank has once again partnered with Nation Media Group represented by Daily Monitor, KPMG, and Uganda Investment Authority to launch the 2022 Uganda Top 100 Mid-sized companies’ survey. The Uganda Top 100 mid-sized companies’ program has been running since…
Over 100 youth have been trained in how to use monitoring and evaluation tools to track business goals under the MTN youth Skilling program. The MTN youth skilling program is a partnership between MTN Foundation Uganda and Ubinufu systems aimed…
It was an emotive affair—one that confirms the saying that ‘goodbye is the saddest word’ as Stanbic Bank Uganda bid farewell, last Friday, to their decorated Executive Head for Consumer and Affluent Banking, Sam Mwogeza, who is leaving after 12…
FINCA Uganda and the National Forestry Authority (NFA) have partnered to restore 60 hectares of forest land in the country in the next five years. This corporate social responsibility program to commemorate FINCA’s 30th anniversary in Uganda will involve restoration…
The African Development Bank has appointed Dr. Alex Mubiru as Director General in the Cabinet Office of the Bank Group’s President, with effect from 16 August 2022. Dr. Mubiru, a Ugandan national, brings close to 25 years of experience to…
Regional lender, KCB Group, has followed the footsteps of Equity Bank to venture into the Democratic Republic of Congo. KCB Group, which already has operations in Rwanda, Burundi, Tanzania, Uganda and South Sudan, says it has reached an agreement to…
Uganda’s Top Finance Bank (TFB) has officially been acquired by a Djibouti based bank. The takeover of TFB by Salaam African Bank was confirmed Monday morning by the Bank of Uganda which approved the transaction. “This is to inform the…
In the six months to June 30, MTN Uganda said its pretax profit rose to 275.6 billion shillings ($71.1 million) from 208.1 billion in a similar period last year. MTN Uganda said on Thursday its first-half pretax profit jumped 32.4%…
Ruth Sebatindira is a Senior Council and founding partner at Ligomarc Advocates who has built her expertise out of twenty three years’ commercial litigation and transactions advisory assignments mainly in; corporate insolvency, company/shareholder disputes and lender enforcement actions. Other areas…