Credit Archives – CEO East Africa

Thought Leadership: Building brand equity by delivering customer solutions

by CEO East Africa MagazineThought Leadership Women In LeadershipOctober 29, 2024October 29, 2024

By Damallie Nalukwago What is little understood generally is the importance of operations in brand building. The perception seems to be that brand building is about logos and fancy advertising. That is only part of the story.The components of a brand are building awareness, creating favorable associations and ensuring positive customer…

Unlimited access to all news we offer, subscribe now and enjoy one day of reading for free.

or, are you an existing Member?

Allocate optimum resources to maximise Uganda’s tourism potential and accelerate post- pandemic recovery- UTA President, Mrs. Yogi Biriggwa says

by Paul MurungiCompany News News & AnalysisSeptember 28, 2024September 29, 2024

The Uganda Tourism Association (UTA) President, Mrs. Yogi Biriggwa, has urged the government and development partners to direct more efforts and resources to accelerate post-pandemic tourism sector recovery.In a World Tourism Day 2024 speech delivered on her behalf by Mr Isa Kato, the Vice President, Yogi said that while there…

Unlimited access to all news we offer, subscribe now and enjoy one day of reading for free.

or, are you an existing Member?

PostBank, MTN MoMo Partner to Usher More Ugandans into the Money Economy Through the XtraCash Product

by Paul MurungiCompany NewsSeptember 27, 2024September 28, 2024

PostBank Uganda (PBU) in partnership with MTN Mobile Money (U) Limited (MTN MoMo) have launched Xtracash, a digital micro lending solution that is positioned to extend short term facilities to MTN mobile money subscribers. This initiative is poised to provide approximately 13 million mobile wallet holders in the country with convenient…

Unlimited access to all news we offer, subscribe now and enjoy one day of reading for free.

or, are you an existing Member?

Postbank’s Agriculture loan book registers 70% growth in four years

by Paul MurungiThe Big StoryAugust 8, 2024August 8, 2024

PostBank Uganda’s agriculture loan book has registered commendable growth of 70% over a four-year period, from UGX 107 billion in 2021 to a 70% growth rate by June 2024. This impressive performance can be attributed to several factors, including; favorable lending rates, government support, and other contributing elements.The Supervisor Agriculture and…

Unlimited access to all news we offer, subscribe now and enjoy one day of reading for free.

or, are you an existing Member?

Commercial Banks’ lending rates rise to 20 percent in 3 months as credit demand drops to UGX 5.1 trillion

by Paul MurungiThe Big StoryJuly 11, 2024July 12, 2024

The Central Bank of Uganda (BOU) has indicated that the quoted lending rates for commercial banks rose in the three months to April, averaging 20.8 percent, just 20 basis points (0.2 percent) above the reading in the three months to January 2024. The details contained in the new BOU State of…

Unlimited access to all news we offer, subscribe now and enjoy one day of reading for free.

or, are you an existing Member?

BOU report: Businesses shun loans in third quarter of year

by CEO ReporterFinanceOctober 19, 2023October 19, 2023

The report notes that the “decrease in loan applications is an indication of the lingering effects of the global tight monetary policy implemented since June 2022 that has led elevated lending rates.”

Unlimited access to all news we offer, subscribe now and enjoy one day of reading for free.

or, are you an existing Member?

BNPL Startup, Lipa Later Raises USD 5m, Targets a Further USD 20m.

by Jonathan N. LubwamaEast Africa Finance Fintechs ICT Startups The Big StorySeptember 13, 2023September 13, 2023

Kenyan fintech powerhouse, Lipa Later Group, has successfully raised $5 million in a private debt issuance, marking a significant milestone in its financial journey. However, the company’s ambitious expansion plans require an additional $20 million, which it aims to raise through a combination of equity and debt.Lipa Later is also…

Unlimited access to all news we offer, subscribe now and enjoy one day of reading for free.

or, are you an existing Member?

Ugandan Startup, Asaak, Expands to Latin America Through the Acquisition of Mexican Startup, FlexClub.

by Jonathan N. LubwamaStartups The Big StoryAugust 31, 2023August 31, 2023

Asaak, a trailblazing fintech firm from Uganda, has reached a significant milestone with its acquisition of FlexClub Mexico, extending its operations across two continents. Details of the transaction were not revealed but the acquisition was confirmed by both parties. This strategic move signifies Asaak’s entry into the Latin American market…

Unlimited access to all news we offer, subscribe now and enjoy one day of reading for free.

or, are you an existing Member?