Mumba Kalifungwa has officially assumed the role of Chief Executive at Stanbic Bank Uganda, the nation’s largest lender by assets, revenue, and deposits.His appointment was first announced in December of last year.“I am delighted to join Stanbic Bank Uganda. With the suppor
Airtel Money and Mastercard have unveiled a new virtual card that enables customers in Uganda to shop using their mobile money account at more than 100 million merchants across 200 countries through Mastercard’s global network.Airtel Money Uganda Managing Director, Japhet Aritho hailed t
Unilever Uganda has hosted Kampala Muslim community at Masjid Mbogo Mosque in Kawempe to a special iftar serving a delicious spread of Ramathan favourites as they broke their fast .The event marked the start of Royco's ‘Share Goodness’ campaign meant to elevate the Ramadan dining
The government of Uganda is committed to meeting Umeme Limited’s buyout amount before the electricity distributor’s concession runs out at the end of March, Ziria Tibalwa Waako, the chief executive officer of the Electricity Regulatory Authority (ERA), has s
In a landmark ruling at the Nakasero-based Anti-Corruption Court, Justice Lawrence Gidudu sentenced Ronald Jimmy Ajuk, proprietor of Smart Parking Technology, to two years in prison.Ajuk was convicted of unlawfull
Centenary Bank, a financial institution owned by the Catholic Church of Uganda, is facing intense scrutiny over allegations of missing customer funds.The bank has been accused of illegally withdrawing UGX 4,000,00
Post Bank has said that its staff colluded and put fake currency in its branch in Mbale.This week, the bank confirmed that its internal control mechanism had discovered counterfeit notes worth sh 500 million in the Mbale branch.Bundles of counterfeit sh 50,000 notes were found on No
The transition of FM radio in Uganda in the early 90s was met with many opportunities. Musician Ragga Dee real name Daniel Kazibwe mentions that this is when the Deejay job started to gain respect locally. He notes that music radio hosts progressively imported freestyling from dance club
Financial technology company, Mogo, has said it has obtained a loan facility from Absa to ease access to electric motorbikes. The company, which indicated that it had previously benefited from Absa’s financing at the group level, said the first tranche of Shs5b had been disbursed.
