David Wandera has been appointed as the interim Managing Director of Absa Bank Uganda, taking over from Mumba Kalifungwa, who recently assumed the role of CEO at Stanbic Bank Uganda. This leadership change was confirmed on Monday as the bank gears up for a new chapter. Wandera brings more than 20 years of experience in…
The Bank of Uganda (BoU) has officially approved the rebranding of Pride Microfinance to Pride Bank. This development comes after the institution was granted a Credit Institution license, marking its transition from a Tier III Microfinance Deposit-taking Institution (MDI) to a Tier II Credit Institution. In a public statement, BoU announced, “Pride Microfinance Limited (MDI)…
Kampala: The Money Lenders Association of Uganda (MLAU) has raised concerns over the potential economic impact of recently introduced lending rate caps, urging the government to reopen discussions on the policy. This comes as Uganda enters the Christmas season, a period traditionally marked by heightened borrowing for both personal and business needs. Under Legal Notice…
On November 26, 2024, a meeting chaired by Ijjo Emma, the chairman of the Elgon Money Lenders Association, was held at the Mbale City Chambers to discuss strategies for approaching President Yoweri Museveni regarding what they described as abnormally low interest rates imposed on money lending. Through their chairperson, the Mbale money lenders appealed to…
High Court of Justice and Business courts of England and Walesking’s bench division commercial court (KBD) Court in London has dismissed a petition in which DFCU Bank Limited and 14 others [defendants] were calling for provision of security of their costs and case management conference by Crane Bank Limited [CBL] as CBL and six others…
Impartial World has emerged as a transformative platform designed to bridge the gap between service providers and consumers in a rapidly evolving digital age. Based at Innovations Village in Ntinda, Impartial World harnesses technology to deliver a seamless, efficient, and user-friendly experience for accessing a diverse range of services. Launched in 2019, the platform brings…
The Director General, Uganda Investment Authority (UIA), Mr.Robert Mukiza has been recognized for his tremendous efforts to promote investments in Uganda. Mr.Mukiza will formally receive “Excellence in Investment Promotion Award” at this year’s Consumers Choice Awards Dinner scheduled today, September 6, 2024 at Golf Course hotel-Kampala. “It is with great pleasure that I extend our…
A total of 6,000 jobs in the information, Communication, and Technology (lCT) sector are projected to result from the ongoing Uganda-Japan (UJ)Connect project, implemented by the Ministry of ICT and National Guidance in collaboration with the Japan International Cooperation Agency (JICA). Dr Aminah Zawedde, the Permanent Secretary of the ICT Ministry, said UJ Connect is…
Getting to Uganda to engage in a thrilling mountain gorilla trekking adventure has many options. Starting your Uganda gorilla safari tour from Kigali is undoubtedly the best option for any trekker with plans to encounter mountain gorillas in the wild. The beauty of planning gorilla trekking in Uganda from Kigali is that trekkers save a…
A gorilla permit is a document that is issued by a government wildlife regulatory body to allow a visitor witness mountain gorillas in the wild. In Uganda and Rwanda, gorilla permits are issued by the Uganda Wildlife Authority (UWA) and the Rwanda Development Board (RDB) respectively. The most convenient way of booking a gorilla permit…
