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ICT’s PS Aminah Zawedde Awarded Prestigious African Digital Excellence Accolade

In a landmark recognition of Uganda’s digital transformation efforts, Dr. Aminah Zawedde, Permanent Secretary of the Ministry of ICT and National Guidance, has been awarded the prestigious International Computer Driving License (ICDL) Africa Recognition Award 2024 for her exceptional contributions to digital advancement in the region. The continental award, announced at the annual ICDL Africa…

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Big Storm: How DFCU Bank Was Dragged Down By Crane Purchase As Other Banks Report Stellar Profits

While Uganda’s banking sector recorded strong financial results for 2021, the Development Finance Company of Uganda (DFCU) Bank continues to reel from its acquisition of Crane Bank in 2017 and the fallout from the Covid-19 pandemic. The third-largest domestic bank in Uganda in terms of assets recorded a 46% drop in profit to USh9.3bn ($2.6m)…

BIG STORY: Clients, Agents Lose ‘Cash’ As MTN Mobile Money System Go Down In Saturday Major Hack

MTN Uganda has on Saturday March 12 experienced a huge system breakdown, in what industry experts have described as a likely ‘major hack’ on its mobile money system again. During the system breakdown, all digital enabled transfer services including buying internet or voice bundles and other financial transactions completely went down after being slow for…

Big Story: Equity Bank Sells Simbamanyo House To Tycoon Sudhir After Borrower Defaults On Shs11.5Bn Loan

Kampala mogul Dr. Sudhir Ruparelia is the new landlord of the expansive Simbamanyo House, which is situated on Lumumba Avenue opposite CPS building, after his Meera Company bought the building from Equity Bank. Simbamanyo House originally belonged to city businessman Peter Kamya, who staked it as collateral security to Equity Bank in 2017 for a…

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