Category: Business

Business
MTN Uganda and UCC Sign the MTN UG License Renewal Agreement
MTN Uganda and UCC Sign the MTN UG License Renewal Agreement

MTN Uganda and the Uganda Communications Commission (UCC) have today concluded the official signing of the License Renewal Agreement. Therefore this will enable the telecommunication company to continue its operations in the country. In addition, for another 12 years, commencing 1st July 2020. A joint press conference between MTN Uganda and the Regulatory body was held […]

 11,714 total views,  1,639 views today

Business
Wim Vanhelleputte
MTN Uganda declares winners of the MTN for Good campaign

.Giant Telecom company MTN Uganda has declared the winners of the MTN for Good campaign. MTN Uganda will connect youth to their dreams by offering support to materialize their dreams· The five winners won the public vote beating over 100 other participants to emerge winners in the inaugural campaign· The winners will get support from […]

 10,327 total views,  5 views today

Business
Digida FM fired workers move to sue boss over Shs103.6m salary arrears

Digida FM former workers have moved to sue the popular Ministry of Agriculture Boss Mr. Ssegawa Gyagenda over the 10 months’ salary arrears amounting to Shs 103.6m. In a demand notice dated 29th June 2020 presented to Mr. Gyagenda by the workers’ law firm Kigezi-Opira and Co. Advocates, expresses how the workers reported for work […]

 6,697 total views,  4 views today

Business
MTN MoMo Nyabo promotion
MoMo Nyabo MTN promotion returns with UGX 1.2 billion in Mobile prizes

MTN Uganda has come back with its amazing promotion dubbed MoMo Nyabo. In addition, this time, the promotion is worth UGX 1.2 billion in mobile prizes… The MTN chief Marketing Officer Somdev said over winners including customers and agents will be rewarded. In addition, they will receive various mobile money amounts directly on their phones. […]

 5,881 total views,  5 views today

Business
Wim Vanhelleputte
MTN Uganda issues statement on MOKASH service unavailability

MTN Uganda has today released an official update about its MOKASH service unavailability. This followed after many of its clients raised various complaints about the lack of the MOKASH service. Therefore, in a statement posted on MTN’s social media platforms, the service is currently unavailable due to a necessary system upgrade. In addition, this took […]

 4,851 total views,  2 views today

Business
Uganda Bankers Association
Uganda Bankers Association refreshes with new leadership

The Members of the Uganda Bankers Association (UBA) elected Mr. Mathias Katamba as their new chairman during their annual General Meeting. In addition, he will be replacing Mr. Patrick Mweheire who served from the year 2018 to the end of 2019. Meanwhile, the replaced Mr. Mweheire Katamba is the chief Executive officer of DFCU bank […]

 6,999 total views,  3 views today

Business
NSSF 20% COVID payout may lead to poor performance and run on Fund, warns M.D Byarugaba

Early last month many commentators and politicians came up to advocate for a 20 per cent COVID-19 payout by the National Social Security Fund (NSSF) to each member as a way to help people manage the COVID-19 pandemic crisis. In response to the calls, the NSSF’s Managing Director Richard Byarugaba has penned to the Minister […]

 8,103 total views,  11 views today

Business
Tropical Bank incurs UGX 24 Bn loss

Tropical bank 2019 financial results show that the bank’s losses rose by 314.3% Shs23.95bn in 2019 from Shs5.78bn loss recorded in 2018. The bank has been recording losses for four recurring years. The bank has become under-capitalized after incurring the biggest loss in the banking sector this year. Regarding the audited results published on Friday, […]

 6,719 total views,  5 views today

Business
Centenary, Absa, Stanbic non-operational branches

President Museveni’s directive to shut down private and public transport and invoke a curfew affected some banks from operating to their schedule due to staff transport means issues influenced by locality in some areas and safety of he staff from the spread of coronavirus. The Ugandan banking sector didn’t fully close as a result but […]

 4,940 total views,  4 views today

Business
Financial Fraud: Our system is secure, responds Centenary Bank

The Rural Development Bank popularly known as Centenary Bank raised its voice a few days back following the alleged financial fraud message which has been circulating on social media about their online banking system. In response to their customer community, Centenary Bank noted that their system is very secure, safe and not tampered with. They […]

 4,123 total views,  3 views today