KCB Group CEO Paul Russo during the bank's 2022 full-year financial results investor briefing on March 16, 2023. KCB Group paid Sh25.1 billion (Kshs) to acquire an 85 percent stake in DRC lender, Trust Merchant Bank (TMB), in a deal that has given it a foothold in the vast mineral-endowed
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Oil and gas giant Shell has reported a stronger than expected profit of $9.6bn (£7.6bn) for the first three months of the year. The figure was higher than the same period last year despite a slide in energy prices. Fossil fuel firms have been reaping record profits due to a
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Some of the participants during the medical camp organised by dfcu Bank at Marie Stopes Hospital Lugogo dfcu Bank, in partnership with Marie Stopes Uganda, has successfully concluded a one-month wellness campaign aimed at offering free medical check-ups and financial literacy training to dfcu Bank women clients. The initiative called ‘Every Stage
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Jane Francis Moria, the in-charge of the maternity ward at Arua Regional Referral Hospital At least 240 of the 560 deliveries recorded at Arua Regional Referral Hospital in April were by cesarean section. Cesarean section, or C-section, is a surgical procedure that can effectively prevent maternal and newborn mortality when
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Former Aruu County Legislator Samuel Odonga Otto/ Coutesy Photo The Police in Aswa River Region are hunting for former Aruu County Member of Parliament turned environmental activist Samuel Odonga Otto over allegations of aggravated torture and robbery. Odonga Otto and a group of environmental vigilantes are accused of beating and severely
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By Darius Niwaha Financial management, saving, and retirement planning are crucial aspects of personal financial management that play a significant role in securing one's financial future. In Uganda, as in many other countries, there is a growing need to prioritize financial literacy and awareness around these areas to ensure individuals
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Some of the scholars in a group photo with the bank officials. The 102 top-performing scholars are from the 50 Districts where the Bank has a branch presence. Equity Bank Uganda has commissioned the second cohort of beneficiaries under the Equity Leaders Program (ELP) by admitting 102 top-performing scholars from
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The Ministry of Finance has backtracked on its decision to impose impose a 15% Withholding tax rate on commissions of agent bankers and mobile money agents, arguing that such a regressive tax will cripple the growth of the financial sector that is still struggling to expand its presence in the rural
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The Ministry of Finance, Planning and Economic Development has backed off plans to impose tax on non-resident digital service providers, and instead asked for more time to conduct a study on its impact on Uganda’s economy. In April 2023, the Ministry of Finance tabled seven tax bills intended to raise
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Movit Products staff from the safety department pose for a photo with Uganda Police firefighters. Movit Products, the leading manufacturer of personal and body care products in Uganda has held week-long safety activities from April 25 – 28 2023 to raise awareness on safety at work and within communities. The
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