(L-R) Musa Jallow - Absa Uganda Retail Director, Tetteh Ayitevie - Prudential Uganda CEO, Michael Segwaya - Absa Uganda ED & CFO & Sheila Sabune - Prudential Uganda CCO Absa Bank Uganda and Prudential Uganda have today launched the Absa Family Protection Plan, a life insurance policy, designed to help
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EXCLUSIVE: Uganda’s Largest, Smallest Banks By Assets Revealed As Total Industry Assets Hit Shs41.4 Trillion In 2021
A photo montage of CEOs heading the top 10 banks with largest assets Total industry assets for banks operating in Uganda increased to Shs41.39 trillion in 2021, up from Shs38.8 trillion recorded in 2020, Business Focus exclusively reports. Every year, this website carries out an in-depth analysis into the performance of
Read MoreSeven Reasons Why I&M Bank Uganda Is The Bank To Watch This Year & Beyond
The I&M Bank Uganda Exco Team, that is led by Kumaran Pather (center) brings nearly 20 years of combined financial services experience in and outside Uganda, to the game. On 30th April 2021, I&M Group Plc completed the acquisition process of 90 per cent of Orient Bank and consequently
Read MoreUganda: New Jobs, Orders Rise In April Amid High Commodity Prices -Survey
Ronald Muyanja, the Head of Trading at Stanbic Bank Uganda The Stanbic Purchasing Managers’ Index (PMI) rose to 53.9 in April from 51.9 in March on account of further improvement in private sector output and new orders as demand strengthened, helping generate new jobs. Readings above 50.0 mean
Read More2021 Results Out: Banks Make Record-Breaking Shs1.1Trillion Net Profit As Most Profitable, Loss-Making Banks Named
A photo montage of some bank CEOs/MDs Commercial banks in Uganda once again beat the COVID-19 pandemic and its associated disruptions on businesses and the economy at large to post impressive results across all key performance parameters in 2021. Since inception five years ago, Business Focus has exclusively analyzed the
Read MoreAnalysis: Centenary Bank Posts Shs 211 Billion Net Profit As Assets Hit Record Shs 4.8 Trillion
Innovation, largely driven by investments in financial technologies, coupled with prudent credit management, enabled Centenary Bank to fend off a tough 2021 to not only remain growing but reach record highs in its 39-year history While prolonged lockdowns significantly affected the education sector- one of the bank’s major sources of
Read MoreAnne Juuko, Stanbic Bank Uganda Chief Executive Fitch, the international credit rating agency has affirmed Stanbic Bank Uganda Limited's (SBU) Long-Term Issuer Default Rating (IDR) at 'B+' while it also maintains its ‘AAA’ rating in Uganda. According to Fitch, SBU's National Ratings reflect its creditworthiness relative to other issuers
Read MorePostBank Posts Strong 2021 Results, Sets New Record Highs Across Major Fundamentals
PostBank Uganda Chief Executive Officer/Managing Director Julius Kakeeto PostBank Uganda Limited, the Government of Uganda owned bank has announced its 2021 financials posting yet another year of healthy growth. In the results released on 25th April 2022, the bank reported, that customer deposits, the lifeblood of every bank, had
Read MoreQ&A: Believe In Your Dreams, Says Lynette Akol, 2018 overall Winner Of Dfcu Bank’s Rising Woman Initiative
Lynette Akol, the Managing Director of Krystal Ice Limited, a food processing company Out of the desire to increase a longer shelf life for fruits, Lynette Akol started Krystal Ice Limited. Her vision was clear vision - to provide market for the fruit produce of small holder farmers by using
Read MoreWestern Uganda regional winners, Mandela S.S Hoima, receiving a dummy cheque of Shs 500,000 for seed capital Stanbic Bank Uganda has announced today the finalists who will now move to next stage of the competition to race for the top three places in the 2022 National Schools Championship with the
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