Ashwini Kumar Archives – CEO East Africa

PEOPLE, MONEY & POWER: Uganda’s 45 Most Powerful and Influential People in Banking, 2019

by Muhereza KyamuteteraThe Big StoryNovember 17, 2019January 15, 2023

The total assets of Uganda’s financial services industry reached UGX.45.81 trillion, or 44.3 percent of Uganda’s GDP, as at end December 2018.The banking sector, dominated 69% of these assets, followed by Pension Funds at 22%, then Funds under Management (6%) and lastly the insurance sector at 3%, according to Bank…

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Money men: The 8 gentlemen who control 77% of Uganda’s banking industry

by Muhereza KyamuteteraCEOs Company News Finance Manufacturing The Big Story The CEO 100 IndexMay 6, 2019June 4, 2019

Yes, they are all men. They are powerful. They run 8 of Uganda’s largest banks and they are paid handsomely too. The 8 CEOs are each paid on average a…

EXCLUSIVE: Earnings of CEOs and Executive Directors of 23 of 24 of Uganda’s banks

by Muhereza KyamuteteraCEOs Company News Finance Manufacturing The Big Story The CEO 100 Index Top 10May 6, 2019May 15, 2019

43 Managing Directors and Executive Directors of 23 of Uganda’s 24 banks, earned an average of UGX61 million or a combined UGX2.6 billion per month. This adds up to a total of UGX31.5 billion a year, according to painstaking research by CEO East Africa Magazine. Also read: https://www.ceo.co.ug/2018-ugandas-19-banks-rake-in-ugx790bn-profit-5-banks-still-loss-making/According to the…

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Ashwini Kumar consolidates year two at Baroda with a 48.7% profit jump

by Muhereza KyamuteteraCEOs Company News FinanceApril 30, 2019April 30, 2019

Shareholders of Bank of Baroda (USE: BOBU) will smile all the way to the bank following a 48.7% reported increase in net profit. According to results published last weekend, the…