Kampala, Uganda:Uganda’s electricity distribution sector is set for a major transition as Umeme Limited officially hands over operations to the Uganda Electricity Distribution Company Limited (UEDCL) on April 1, 2025, which will coinside with fools’ day. Thi
Absa Bank Uganda, in partnership with Visa, has launched three new premium card solutions—Infinite, Signature, and Business Credit Cards—designed to cater to the unique needs of affluent and business customers.The Infinite Card, a globally recognized ultra-premium debit or credit card,
Africa’s Global Bank, United Bank for Africa (UBA) Plc, continues to make significant impact in birthing the next generation of banking and finance professionals on the continent through its Graduate Management Acceleration Programme (GMAP) which to date has produced over 3,222 young
In the fast-paced world of banking, where numbers often take precedence over people, Grace Muliisa is leading with a different approach one that prioritises service, community, and innovation.As the Managing Director of Ecobank Uganda since 2021, she has set herself apart by focusing on pe
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
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
