Joseph Ssentongo has been formally confirmed as Chief Executive Officer of the Global Innovation Fund, with immediate effect. His appointment was ratified by the GIF Board when it met last week...
At least 201 companies have been liquidated in the five years to June 2024, data from Uganda Registration Services Bureau (URSB) indicates. However, new business registration has equally grown, with at……
Uganda Registration Services Bureau (URSB) registered a significant increase in borrower securities or collaterals under the Security Interest in Movable Property registry in the year ended June 2024, an indication……
Across the globe, countries are pushing towards energy transition and sustainable energy production. Uganda has not been exceptional and a lot has been achieved but the country continues to push towards……
Ugandans on average transacted UGX 159 trillion on MTN Mobile Money, which translated to UGX 435 billion per day for the 12 months to December 2024. Details contained in the...
Pride Microfinance Limited a government of Uganda-owned deposit-taking Microfinance institution was early May 2023 hacked and UGX1.3 billion stolen, CEO East Africa Magazine can exclusively reveal. Although the financial institution denied…
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In startups and general businesses, valuation refers to the process of determining the financial worth or value of a company. It is an estimation of what the market considers the…
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Creditinfo Group, one of the leading global service providers for credit information and risk management solutions, has announced that it has acquired the operations of Experian Uganda and Namibia. As part…
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The National Social Security Fund (NSSF) has earned a total of UGX 31.5 billion as dividends for the year ended December 31, 2022, from its investment in MTN Uganda. NSSF Uganda,…
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Letshego Nigeria has won the prestigious 2023 Affirmative Finance Action for Women in Africa (AFAWA) Award at the just-ended African Banker Awards. The awards were held in Sharm-El-Sheikh, Egypt on…
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Africa’s leading e-commerce platform, Jumia, recently recorded strong financial growth in the first quarter of 2023. This happened under her new leadership led by Francis Dufay who became full-time CEO…
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43% of banks cited the rise of fintechs and challenger banks as the biggest threats to their business according to the third edition of the African Digital Banking Transformation Report…
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GA Insurance Uganda Limited has appointed Mrs. Shakira Shamim Mujuni as its Chief Executive, Operations effective May 2023. She brings to GA Insurance over 10 years of experience and “a proven…
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Capital gains arise when you sell an asset for more than you originally bought it. There are two kinds of assets in the Income Tax Act; a depreciable asset and a…
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According to the Internet Poverty Index, produced by the World Data Labs and supported by the Internet Society Foundation, 31 million Ugandans can not afford the Internet or live under…
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