COMMENT | Denis Jjuuko – #OutToLunch | In early 1983, the Catholic Church in Uganda set up a scheme that targeted the majority of Ugandans — folks in rural areas, the majority of which were unbanked. Ten years later, the scheme turned into a commercial bank that still largely caters …
Read More »Elders in Moroto concerned over delayed SAGE payments
Moroto, Uganda | THE INDEPENDENT | The elders in Moroto district have expressed concern over delay in the payment of their money under the Social Assistance Grant for Empowerment (SAGE) program. The SAGE is a social transformation program in which the government hands out cash to old persons aged 80 years …
Read More »‘Digital transactions set to change consumer behaviour for good’
NSSF in partnership with VISA and Centenary Bank unveiled the smartcard for its member, a first in Sub-Saharan Africa. Thembeka Ngugi, Senior Director, Marketing – Sub Saharan Africa, Visaspoke to The Independent about the latest innovation and the digital transaction space. ****** What does this partnership between VISA, NSSF and …
Read More »NSSF, Centenary Bank and Stanbic Uganda Holdings sweep 2021 FiRe awards
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund was declared the overall winner of this year’s 2021 Financial Reporting Awards (FiRe) organised by the Institute of Certified Public Accountants of Uganda (ICPA-U). Held on Nov.10 at Skyz Hotel Naguru and via zoom, organisers said the awards aim at promoting and …
Read More »Centenary bank manager injured in acid attack
Kampala, Uganda | THE INDEPENDENT | Police in Katwe are hunting for unidentified persons behind an acid attack against Patrick Katatanzi, the Chief Manager of the Corporate section in Centenary bank at Mapeera House in Kampala. The Kampala Metropolitan Deputy Police Spokesperson, Luke Owoyesigyire says that Katatanzi suffered an acid attack …
Read More »Centenary Bank net profit up 3.4%
Its non-performing loans moved slightly from 3.95% to 3.97% Kampala, Uganda | ISAAC KHISA | Centenary Bank has defied the effects of coronavirus pandemic to record a 3.4% growth in net profit to Shs161.2bn for the year ended Dec. 2020. According to the bank’s financial statements, total assets increased from …
Read More »Three arrested for defrauding bank customer UGX 18 million
Kampala, Uganda | THE INDEPENDENT | Three suspects are in police custody for conning a Centenary bank customer more than Shillings 18 million in dollar exchange scam in Kampala. Charles Twine, the Sspokesperson of the Criminal Investigations Directorate-CID identifies the suspects as Mpagi Denis, Akuli Umuru and a woman only identified as …
Read More »Armed robbers attack bank agent, rob UGX 32m in Kagadi
Kagadi, Uganda | THE INDEPENDENT | Police in Kagadi district is investigating an attack by armed men who raided Bukwara Trading Centre on Sunday night and robbed up to 32 million Shillings from two different people. Julius Hakiza, the Albertine Region Police Spokesperson told Uganda Radio Network that the two armed …
Read More »Centenary Bank’s Byekwaso tops Uganda CFO Awards 2020
📌CFO Awards winners 2020 ✳ CFO award of the year – Godfrey Byekwaso CENTENARY BANK ✳ ME/SOCIAL impact award – Moses Kargbo TUGENDE LTD ✳ Not-for-Profit Award – Edith Nalwadda RIGHT TO PLAY ✳ Public Sector Award – Augustine Tamale NEW VISION ✳ Young CFO Award – Ivan Mandela SHONA GROUP ✳ Finance …
Read More »Businesses can succeed during and after COVID-19
Top executives at PSFU, Centenary Bank and NSSF share ideas Kampala, Uganda | JULIUS BUSINGE | These are tough times. New strategies have to be designed and implemented by business managers to achieve success during and post-COVID-19 era. This was the general message that came out of the speeches of …
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