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The telecom sector in Uganda is always dynamic. Following several changes and surprises in the sector 2013/14, a lot has changed. MTN brought a new CEO, Brian Goldie, a man who many have said is a result oriented leader and very forthright about facts and figures:

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The difference between a gorgeous wretched girl and an unattractive poor one is that the former can easily land a very liquid suitor to change her destiny. That is precisely what happened to UTL last month when it signed a ‘code sharing agreement’with telecom giant Vodafone.

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In 2010, when Airtel announced entry in the Uganda’s Telecom market, MTN sent their then Marketing Manager, Isaac Nsereko, to India on a fact finding mission. His role was to undertake a competitiveness analysis on Airtel

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The financial services sector is one of the most competitive. Driven by technology specifically mobile and Internet, new products and services are emerging. These are changing the fortunes of financial institutions quickly.

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Stanbic bank registered outstanding performance in 2014, thanks to their effective restructuring and leadership change strategy.

The bank’s net profit rose to Ugx. 1.3 trillion from Ugx. 1.01 trillion reported in 2013. Customer deposits reached an all-time high of Ugx.2.1 trillion up from Ugx.1.7 trillion the previous financial year.

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A total of 12 banks saw an increase in net profit and overall growth vital financial performance metrics. Nine banks realized net profit, though lower than last year. Some, specifically Imperial, Eco-bank, Cairo, Orient and UBA, the year was bad.

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There is new trend in Uganda - business giants of yesterday are crumbling. The worst part is that some of these have board members, are audited by “big four firms” and have ‘vibrant’ internal audit departments. Are these structures just for window dressing or to ensure effective strategy, execution, risk management and going concern?

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In today’s competitive business environment, selling is everyone’s business. This calls for extra efforts to penetrate markets and be at the top of business.

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Fast growing British-American Investments Company (Britam), has brought majority shares in, Real Insurance with operations in Tanzania, Malawi and Mozambique for $15.74 million.

Britam has grown tremendously from a small home based service insurance company to the leading diversified financial services provider in the region, with an asset base of over Kshs 55 billion, as at June 30, 2014.

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Inflation is starting to creep up as the election year comes around the corner. At the same time the shilling is rapidly losing ground against the dollar. The shilling is trading at an average 3,500 against the greenback, its lowest level.

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The tax body’s revenue performance report released at its headquarters in Nakawa, Kampala shows that URA had a net revenue collection of 9.71 trillion surpassing its target of 9.57 trillion in the 2014/2015 financial year.

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Sometime this year, one of the local financial institutions experienced a big fraud case. Anti- fraud experts were called to track and if possible arrest the criminals.

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Great executives excel at three critical things. These are (i) effective communication, (ii) rely on the people, trust systems and procedures and (iii) continuous learning.

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Uganda Small Scale Industries Association (USSIA) has organized yet another exhibition for four days starting 13th-16th August 2015 at Uganda Manufacturers’ Association (UMA) conference hall.

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