L-R: Ronald Makata, Stanbic Bank Chief Finance Officer, Anne Juuko The Stanbic Bank Chief Executive and Francis Karuhanga, the Stanbic Holdings Uganda Limited Chief Executive pose for a photo during Financial results Stanbic Uganda, a franchise of the Standard Bank Group—Africa’s largest commercial lender by assets, has announced a profit
Read MoreMonth: November 2024
Godfrey Sebaana: Meet The New Diamond Trust Bank Uganda CEO With Two-Decade, Multi-Discipline Banking Experience
Godfrey Sebaana is a seasoned Banker with over 20 years of multi-discipline banking experience that spans global and local corporates, SMEs and retail banking. The Board of Directors of Diamond Trust Bank Uganda Limited (DTBU) has named Godfrey Sebaana, a seasoned banker with over twenty years of experience, as its
Read MorePolice in Luwero District are currently searching for a man suspected of fatally torturing his 15-year-old employee, accusing him of stealing 150,000 Shillings. The incident took place on Saturday at approximately 2 p.m. in Kiyenje village, Luwero town council. The victim, identified as Patrick Kibirige, hailed from Kito-Nakikoota in Luwero
Read MoreUganda National Oil Company (Unoc) has started selling petroleum products to oil marketing firms in Tanzania and Uganda as it tests the market ahead of rolling out a direct import deal with Vitol Bahrain. Officials of oil companies who spoke to this publication say that Unoc has offered products to
Read MoreKiira Motors Corporation, a budding indigenous mobility enterprise in the country has presented a 524 billion Shillings proposed business investment budget to the Presidential Affairs Committee of Parliament. It was contained in the Ministerial Policy Statement, and Budget Estimates for the FY 2024/2025. “We are counting on guidance and support
Read MoreUMRA Executive Director, Edith Namugga Tusuubira The Uganda Microfinance Regulatory Authority (UMRA) is suggesting new changes in the traditional money lenders’ loan structures. The changes among others suggest caps on interests charged by the money lenders. The changes are part of the proposed amendments to the Microfinance laws and regulations. “As
Read MoreUCDA Lab Successfully Undergoes Accreditation Surveillance Audit As Uganda Focuses On Quality Coffee
UCDA lab has become a centre of excellence The Uganda Coffee Development Authority (UCDA) Laboratory at Lugogo has successfully undergone the Accreditation Surveillance Audit by KENAS for ISO 17025. This took place from March 21-22, 2024. “This accreditation underscores our commitment to quality, accuracy, and reliability in laboratory testing,” UCDA says in
Read MoreTraders listening to URA Commissioner General, John R. Musinguzi The Uganda Revenue Authority (URA) has met with traders from the Kampala Central Business District to discuss the implementation of the Electronic Fiscal Receipting and Invoicing Solution (EFRIS). The meeting which took place at UMA Show Grounds follows concerns from traders
Read MoreChris Baryomunsi, Minister of ICT and National Guidance A section of lawmakers on Parliament’s ICT and National have raised concerns over plans by Government to purchase gadgets on a massive scale that will be used for different public projects, saying although the move is commendable, it is unrealistic as it
Read MorePlastic bottles can be recycled Conservationists, Manufacturers, and processors have joined hands to initiate the use of bio-degradable plastics in the country, through a two-year pilot project spearhead by the Uganda Biodiversity Fund (UBF). The project dubbed Clean Products for the Environment, (CPE) will run up to 31st August 2025.
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