Anne 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
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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
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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
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Western 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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Equity Group Holdings Plc Group Managing Director, and CEO Dr. James Mwangi (2nd R) and Proscovia Nabbanja (3rd L), the CEO of UNOC after signing the MoU Equity Bank Uganda and the Uganda National Oil Company (UNOC), Wednesday, signed a Memorandum of Understanding, to facilitate and strengthen collaboration between the two entities in the areas
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Over 70 farmers dealing in crop production, poultry and cattle fattening attended the forum in Soroti PostBank a financial institution that is committed to empowering lives and transforming livelihoods has launched the second phase of its Agricultural Forums in Soroti district today. The aim is to equip farmers with knowledge
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Manuella Mulondo Pacutho (c) who emerged 1st runner up in the inaugural Rising Woman Initiative. For the past five years, dfcu Bank in partnership with Daily Monitor and Uganda Investment Authority (UIA) have run a program dubbed ‘Rising Woman’ which is aimed at recognizing, celebrating, and promoting a culture of
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Absa Uganda Managing Director Mumba Kalifungwa. Absa Bank Uganda has announced a profit after tax of UGX110 billion for the year ended December 2021, representing a 169% growth in profitability from the previous year. “Despite a tough operating environment, economic recovery was faster than anticipated evidenced by the remarkably resilient
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Shem Kakembo, the Managing Director at EFC Uganda Limited EFC Uganda Limited (MDI) - Uganda’s fastest-growing microfinance institution has rolled out a campaign dubbed “SIMBULA LOANS NE EFC.’’ The campaign is focused on enhancing the institution’s commitment of contributing to Uganda’s development and economic stability through key drivers like financial
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Mathias Katamba, Chief Executive Officer at dfcu Bank DFCU Limited announced a net profit of Shs 9.3 billion in 2021, down from Shs24.07bn recorded in 2020. According to to the results, dfcu’s total assets reduced to Shs3.13 trillion, down from Shs3.49 trillion recorded in 2020. The figures further show that
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