Former Stanbic Uganda CEOs Patrick Mweheire and Anne Juuko reunite at SBG East Africa in Nairobi Members of Parliament have caused a debate on how much of the country's corporate sector should be headed by foreign managers, and whether this is really relevant. The Ugandan Parliament on Tuesday drew mixed
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Charles M. Mudiwa, the Chief Executive Officer, dfcu Bank dfcu bank has announced its audited financial results for the year ended 31st December 2023, indicating a growth in customer numbers, transaction volumes, fees and commissions. The results show that dfcu bank recorded a net profit of Shs34.03bn in 2023, up from Shs30.64bn
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Deputy Speaker Thomas Tayebwa The Deputy Speaker of Uganda’s Parliament, Thomas Tayebwa has backed the move by Bank of Uganda after the Central Bank reportedly rejected the approval of a non-Ugandan as the Chief Executive Officer of Stanbic Bank Uganda, saying Uganda should join nations like Kenya and South Africa that ring fence such
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Tumubweine Twinemanzi, the Executive Director Supervision at the Central Bank The Bank of Uganda has refuted claims that its tough regulatory requirements are leading its regulated financial institutions to downgrade to ease the regulatory pressures on them. This comes as the regulator (BoU) notified the public that three commercial banks
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Exodus SACCO Chairman, SCP Wilson Omoding addressing the Delegates at the SACCO's 11th AGM held in Naguru on Wednesday. Police’s Exodus SACCO Ltd. has reported a strong performance in 2023, announcing a profit of Shs4.96 billion, up from Shs 1.99 billion recorded in 2022. This represents a growth of 150.3%. According to
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Charles M. Mudiwa, the Chief Executive Officer at dfcu Bank dfcu Limited has announced its audited financial results for the year ended 31 December 2023, indicating a growth in customer numbers, transaction volumes, fees and commissions. The results show that dfcu bank, the Group’s trading entity, recorded a net profit
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Barbara Dokoria and Samuel F Mwogeza Stanbic Bank Uganda has announced the appointment of Samuel F Mwogeza as its Interim Chief Executive, and Barbara Dokoria as Interim Executive Director effective April 1, 2024 until substantive appointments for the positions are made. The interim appointment of Mwogeza, who is currently the Executive
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Three commercial banks including ABC Capital Bank (U) Ltd, Opportunity Bank and Guaranty Trust Bank (U) Ltd have failed to meet Bank of Uganda’s minimum capital requirement of Shs150bn. It should be noted that a few years ago, the Bank of Uganda increased the paid up capital of commercial banks to
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dfcu bank and MTN Uganda officials in a group photo after unveiling the Advancing Women Entrepreneurs (AWE) accelerator program dfcu Bank, in collaboration with MTN Uganda has unveiled the Advancing Women Entrepreneurs (AWE) accelerator program. Launched in 2023, the program is designed to increase the participation of women owned businesses within
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Stanbic Holdings Uganda Limited (SHUL) Senior Management Officers pose for a photo during Financial results release event at Serena Hotel in Kampala. Shareholders of Stanbic Uganda Holdings are set to receive up to 280 billion shillings in total dividends payout for the year ending December 2023. This is a record-high
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