Stanbic Bank Uganda has announced the appointment of Mumba Kalifungwa as its new Chief Executive Officer, effective March 1, 2025, pending regulatory approval. Kalifungwa, currently the Managing Director at Absa Bank Uganda, brings nearly 30 years of experience, with 20 years in senior leadership roles in the banking sector across Botswana, Zambia, and Uganda. His…
Housing Finance Bank’s Vehicle and Asset Finance (VAF) solutions are tailored products designed to help individuals and companies acquire vehicles and other assets. These solutions include vehicle loans for personal vehicles, commercial vehicle financing for businesses, as well as equipment financing and leasing options for various types of machinery and technology. Housing Finance Bank’s Vehicle…
Carrefour Uganda, operated by Majid Al Futtaim, is celebrating the 2nd anniversary of its popular loyalty program, MyCLUB, with a festive campaign themed “Dabo: The Reasons to Celebrate.” Launched in August 2022, MyCLUB has become an integral part of Carrefour’s customer engagement strategy, offering shoppers a rewarding experience through a straightforward points system. The anniversary…
For the past two weeks, investigative journalist Egesa Ronald Leonard through his X account @regesa has been shedding light on a concerning issue plaguing Uganda’s financial landscape. In collaboration with financial crime investigation agencies from the UK and US, his campaign #IllegalOnlineApps has uncovered the troubling findings from StratEdge Consulting, revealing the dark world of…
Carrefour, under the Majid Al Futtaim umbrella, has announced its sponsorship of the upcoming Kyambogo Ultra Challenge Run, reinforcing its commitment to promoting health and wellness within the Ugandan community. The run, which is Uganda’s only ultra-challenge marathon, is set to take place on May 4, 2024, at the Kyambogo University Cricket Oval. The sponsorship…
Housing Finance Bank recently orchestrated a Customer Service Forum at Boma Hotel in a move aimed at enriching customer satisfaction, targeting retail, mortgage, and business clients from Gulu city. This strategic gathering exemplified the bank’s unwavering commitment to refining service standards and surpassing customer expectations through insightful dialogue and feedback. Led by Mr. John Baptist…
Despite facing a five percent decline in profit after tax, Equity Group has upheld its track record of dividend payout for the year ending December 2023. The bank’s board has recommended a dividend payout of Sh15.1 billion, marking an increase in dividend yield to 11.9 percent from 8.8 percent in the previous year. James Mwangi,…
In a significant move aimed at strategic repositioning, the Bank of Uganda (BoU) has announced the authorization for three commercial banks to transition from Tier I Commercial Bank Licenses to Tier II Credit Institution Licenses, effective July 1, 2024. The commercial banks undergoing this transition are ABC Capital Bank (U) Limited, Guaranty Trust Bank (U)…
Stanbic Bank Uganda has announced the appointment of Samuel F. Mwogeza as its Interim Chief Executive and Barbara Dokoria as Interim Executive Director, effective April 1, 2024. These appointments come as part of the bank’s strategic transition plan until permanent appointments are made for these positions. Mwogeza’s interim appointment follows the conclusion of Anne Juuko’s…
In order to meet the demands of Uganda’s robust economic growth projections and the increasing demand for vehicles and equipment across various sectors, Housing Finance Bank has taken proactive steps to foster collaboration among stakeholders in the vehicle and asset financing (VAF) ecosystem. The Bank recently convened a VAF partners’ forum in Kampala, bringing together…
