David Wandera has been appointed interim managing director of Absa Bank Uganda. He replaces Mumba Kalifungwa who was appointed in a similar role by Stanbic Bank Uganda. In a statement, the bank said Wandera “brings over 20 years of experience in the banking sector, with a strong track record in leadership, strategic initiatives, and financial…
The First Lady, Janet Museveni, has urged wives of Special Forces Command (SFC) soldiers to unite, work together, and embrace a savings culture. Janet emphasized that the SFC Spouses fraternity could accumulate substantial funds, expand their businesses, and enhance their families’ development through disciplined saving. She was officiating at the second Graduation ceremony of SFC…
Airtel Uganda will pay out an interim dividend of Shs 83 billion to its shareholders this year The dividend was approved by the company’s board of directors on November 22, 2024. Each shareholder will earn Shs 2.075 per share. The payout is expected to be completed by January 3, 2025. The telecom company said the…
President Museveni has justified the decision to charge civilians in the army courts saying unlike the civilian courts, these help to handle “gun-wielding criminals quickly.” In a statement on his social media platforms, the president said the army courts were intoduced because of the rampant activities of criminals and terrorists which could not be handled…
Prime Minister Robinah Nabbanja has instructed Charles Odongtho, the spokesperson of the Office of the Prime Minister (OPM), to hand over his office immediately. Sources at the OPM told Bbeg Media that Odongtho had been told to hand over to Francis Jjingo, a former NTV journalist who Nabbanja personally recruited in April. “It is true…
The National Resistance Movement (NRM) has assured that it will create a credible voters’ register ahead of the party’s internal elections set for next year. Medina Naham, the director of Finance and Administration at the party secretariat, who is overseeing the process, told members in Arua that the process was moving smoothly. The 21-days activity…
Martha Karua, a prominent Kenyan politician and lawyer, has been denied a temporary practicing license by the Uganda Law Council (ULC). Karua had applied for the license a couple of weeks ago to enable her to lead the defence team of Dr Kizza Besigye who was arrested in Kenya and charged with possession of firearms…
Stanbic Bank Uganda has appointed Kenneth Mumba Kalifungwa as its new chief executive officer. Kalifungwa will officially take over the role on March 1, 2025, according to a statement from the bank. He previously served in the same role at Absa Bank Uganda. Kalifungwa will replace Anne Juuko who left the role in March 2024….
Umeme, Uganda’s main electricity distribution and billing company, has announced that for two days (Sunday, December 8 and Monday, December 9), the Yaka vending system will be off to enable the firm to carry out a systems upgrade. This means that on those days, customers will not be able to purchase and upload their Yaka…
President Museveni has halted the appointment of a new executive director at Kampala Capital City Authority until certain issues are ironed out, sources have told us. Sources have told Bbeg Media that one of the reasons why the president had intervened pertained to complaints from some of the people who had been dropped from the…
